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Use cases of AI in the order to cash (O2C) process
As your business grows, so does the complexity and demands of the O2C process. This article will explore the real-world and potential uses of AI. It will provide insights on how to empower your AR team to be successful with the order-to-cash process. We’ll look at how AR automation has transformed O2C and how AI can take it further in the foreseeable future.
Latest blogs
How digitisation impacts the evolving role of the CFO
As digital technology continues to break barriers, today’s Chief Financial Officers (CFO) are also going beyond their traditional responsibilities and taking on a multidimensional role. They shape and drive corporate strategy in multiple areas, from technology and organisational design to organisational culture and supply chain resilience.
Three ways to speed up your accounts receivable collection process
Learn about 3 areas of focus in your accounts receivable collection process and how you can improve them to eliminate manual steps and get paid faster.
The cost of late payments for SMEs
Gain a deeper understanding of the impact of late payments on your business. We list down the true costs of late payments – and ways you can prevent them.
Four steps to identify zombie businesses with credit reports
When businesses proactively manage their accounts receivables (AR), they shorten their cash conversion cycles. Improved cash flow means businesses can meet regular expenses and ensure continuous and consistent growth. In this article we’ll discuss the 4 steps on how you can accelerate cash flow with your accounts receivables by leveraging technology and best practices.
Four steps to boost cash conversion with your accounts receivables
When businesses proactively manage their accounts receivables (AR), they shorten their cash conversion cycles. Improved cash flow means businesses can meet regular expenses and ensure continuous and consistent growth. In this article we’ll discuss the 4 steps on how you can accelerate cash flow with your accounts receivables by leveraging technology and best practices.
Five 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
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 tips to improve your accounts receivable process
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.
The CFO’s Guide To Accounts Receivables Automation
In this blog, we’ll discuss why AR automation can bring efficiency to your accounts receivables process and improve your collections for a healthier cash flow.
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...
Business Credit Application Template : What should your business include in a B2B Credit Application form?
Does your business offer B2B credit? Offering favorable and more flexible payment terms is in line with the industry...
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 or...
