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5 Steps to Redesigning the 2022 Budgeting Process

5 Steps to Redesigning the 2022 Budgeting Process

The volatility of the current world markets has seen the need to shift to agile budgeting processes. Reimagining budgeting for the new way businesses are run makes it possible to unlock deeper insights that can help businesses adapt to changes along the way.

EOFY Best Practices Checklist for SMEs

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.

The Human Side of Accounts Receivables Automation

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.

An Analysis of the 2022-23 Budget for SMEs

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.

Digital B2B Payments Show Promise But Still Face Hurdles to Widespread Use

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 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.

Modernizing B2B Payments For the New Normal

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.

A Guide to Optimizing Cash Flow & Improving the Order To Cash Cycle

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.

The complete guide to managing and preventing bad debts in B2B

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.