Blog
Articles straight from ezyCollect HQ
Explore our tags

5 Steps to Redesigning the 2022 Budgeting Process
The COVID-19 pandemic has changed the entire economic situation of the world. It has affected all sectors of the economy and forced companies to adopt a revamped budgeting strategy. As we come out of the pandemic but enter a world of economic uncertainty, businesses are once again faced with the challenges of...
Latest blogs
EOFY Best Practices Checklist for SMEs
Getting your financials in order is going to be a focus for you during EOFY. But it’s also a great time to reflect and do a postmortem of all your financial decisions to know what worked and what did not. In this article, we’ll share a few tips that SMEs should consider to make the most of EOFY and ensure that they are prepared at the start of the next financial year.
How to Choose the Right Accounts Receivable Automation Software
Manually managing accounts receivables is not only labour-intensive but also quite time-consuming. A comprehensive AR automation software will facilitate the digital transformation of your business, so it is crucial to choose wisely.
The Importance Of Financial Reporting And Analysis
Understand how crucial accurate financial reporting and analysis are to your business, and how they benefit different business stakeholders.
The Human Side of Accounts Receivables Automation
Accounts Receivable automation is becoming increasingly popular in the finance sector, having the ability to replace manual processes – from invoicing to credit risk management – to save time, prevent errors and reduce costs. Despite all the latest technologies, the human touch is still extremely important for any financial automation endeavour. Let’s take a closer look at how automation can emphasize the importance of the human factor in accounts receivables.
The CFOs Guide to Digital B2B Payments
Learn all about B2B Payments and how you can improve your collections and improve your client’s payment behaviour by adopting digital payment systems in your business.
An Analysis of the 2022-23 Budget for SMEs
The Australian Government 2022-23 Federal Budget consists of special provisions for SMEs, including increased tax breaks for those businesses that invest in new technologies and skills. Let’s take a look at these provisions in greater detail in this article.
Top 10 Accounts Receivable Tips to Get Paid Faster
Learn top tips on how you can manage AR teams, increase efficiency and improve cash flow to get paid faster – as shared by accounts receivable experts.
Digital B2B Payments Show Promise But Still Face Hurdles to Widespread Use
Fintech paves the way for better transparency, especially around B2B payments. The technology promises convenience, is lightning fast, and provides many payment options. Despite these benefits of digital payment platforms, many still do not use them to collect payments from other businesses. In this article, learn how digital payments can benefit B2B transactions and the challenges businesses face to implement efficient payment processes.
Your Quick Guide to AR Automation
Your ability to manage cash flow and, consequently, business productivity and growth hinges on the efficiency of the accounts receivable activities. Many CFOs are strategically deploying AR automation to streamline invoicing, payment processing, acceptance, and collections management. Each of these activities should work in harmony to continuously improve the efficiency and effectiveness of your accounts receivable process.
Accounts Receivable Turnover Ratio: Definition, Formula & Examples
Accounts Receivable Turnover Ratio is a key metric for businesses. A good score is essential to attract investors if...
Top 5 B2B Payment Hacks for Digitising Your Business in the New Year
Digitization is one of the priorities for businesses in today's times, and why shouldn't it be? The trend of...
10 Hacks For Optimising The O2C Process For Your Business & Accelerating Cashflow
Learn tips on how you can take advantage of a streamlined and optimised order-to-cash (O2C) process through accounts receivable automation.
Modernizing B2B Payments For the New Normal
The changing economic scenario makes it imperative for B2B companies to address changes in customer expectations triggered by the pandemic and the collective transition to digital payments, characterized by automation. B2B buyers now look for variety, ease, and convenience while transacting—something that B2B payment automation can provide. With the improvement in payment options for B2B buyers come the benefits of increased customer satisfaction and transaction conversions, ultimately leading to business success.
How to Transform Your B2B Business With an Order 2 Cash Platform
Designing and implementing an effective order-to-cash process can transform your business cashflow and set your organisation up for rapid growth
The Order-to-Cash Cycle: A Guide for Mid Market Businesses
What Order-to-Cash does for accounting systems The Order-to-Cash cycle, also commonly known as O2C, is an essential...
4 Steps For Optimising B2B Payments
The pandemic and its aftermath have expedited the digital trend in B2B and B2C. Though many were initially hesitant to...
Make Your Working Capital Work for You: Ways to Optimise Your Accounts Receivable
Working capital is your business’ daily necessity. Here are a few practical ways to make your working capital work as hard as you do.
The New Financial Year – Building & Refining Your Business Plan
The 1st of July has whizzed past, and we're already a month into the new financial year. The end of a financial year...
A Guide to Optimizing Cash Flow & Improving the Order To Cash Cycle
Managing cash flow can be challenging even during the best of times for many businesses. The COVID-19 pandemic has added several layers of complexity in terms of managing cash flow. While timely strategies on inventory management and cost-cutting help, available data shows money often gets tied up in accounts receivables. Prioritizing accounts receivables (AR) management is the key to optimizing cash flow.
EOFY: Preparing Your SME For June 30
The handiest tips for getting your SME prepared for EOFY accounting and taxation challenges: from Government resources to best practices
Budget 2021 – What Does It Hold for SMEs?
A brief review of how Australia’s federal budget for 2021 : How it will impact SMEs and the key features of the budget from an SME view
Six Key Steps For SMEs To Manage Credit Risk
Offering credit to your customers is an effective way of encouraging them to spend more on buying your products...
How an enhanced credit application process can protect your business from bad debts
Businesses who extend credit to their customers face the risks of non-payment or delayed payment that impacts their...
The complete guide to managing and preventing bad debts in B2B
B2B businesses face several challenges when collecting outstanding payments from delinquent customers. Developing a well-structured process, leveraging digitization, and upgrading your teams’ resources and capabilities can maximize recoveries and prevent bad debts. With an increased focus on debt management, companies can reduce high costs and lost income and enhance customer focus, customer engagement, resilience, and profits.
A CFO’s Guide To Business During The Pandemic
The global pandemic has forced nationwide lockdowns and has brought the global economy under distress. Countries were...
What is a business credit score and other FAQs
You are likely aware of the personal credit score as a measure of a person's ability to repay a loan. Correspondingly,...
Days Sales Outstanding (DSO) and how to halve it
DSO, or Days Sales Outstanding, is the average number of days it takes for a company to collect cash payment from a...
Overdue invoices? Templates for email and SMS reminders
Research from ezyCollect shows that most overdue invoices are paid by the third reminder. That means the supplier must...
New feature: Extra working capital for financing cashflow
ezyCollect’s in-app finance offer to healthy businesses gives suppliers access to extra working capital to help finance cashflow.
How to customise Xero invoice templates
Your invoice is a critical business document that represents your business and also communicates your payment terms...