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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.

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.

Understand how crucial accurate financial reporting and analysis are to your business, and how they benefit different business stakeholders.

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 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.

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.

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.

Accounts Receivable Turnover Ratio is a key metric for businesses. A good score is essential to attract investors if...

Digitization is one of the priorities for businesses in today's times, and why shouldn't it be? The trend of...

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.

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