2 in 3 Finance staffers aren’t after your job
It’s one of the most common questions in both job interviews and performance reviews: “Where do you see yourself in 5 years?” But the answer you get from most people might not be what you expect.
It’s one of the most common questions in both job interviews and performance reviews: “Where do you see yourself in 5 years?” But the answer you get from most people might not be what you expect.
Since the pandemic began in 2020, B2B cash application – the process of matching a payment from a customer to the corresponding invoice being paid – has been slow and inconsistent at times for many supplier companies. Part of it is caused by supply chain issues, part of it’s due to a remote workforce, and […]
Even years after South Dakota v. Wayfair gave states the power to tax online sales, some states are still working on adding regulations.
Accounts Receivable departments need to stay on their toes for scam artists and fraudsters. Plenty of companies’ cash flows are squeezed tighter than ever these days. So the last thing you need is to accept and fill an order from a source that’s not going to pay for it. Turns out there are a few […]
The ACH Network is soaring to new heights, so there’s never been a better time for companies to ramp up ACH adoption and usage.
Sales tax compliance is a demanding job for finance teams like yours. For example, comparing the number of tax rate changes across the U.S. for January 1-June 30, 2023 vs. January 1-June 30, 2022, the volume of changes increased 43%, according to the 2023 annual Mid-Year Sales Tax Rates and Rules Report from tax technology […]
Cloud-based A/R is rapidly becoming a must-have for businesses of all sizes. But where is A/R technology heading, and what should you expect it to do? Here are some key trends where this fintech is evolving. Can your A/R tech do this? When narrowing down vendor offerings, draw a circle around: A/R solutions that are […]
Many companies utilize an early payment discount when requested by suppliers. However, the tool has the potential to do far more for your company. It can help to improve the status of the accounts receivable department. The discount tool is a popular and viable strategy that can help to get payments on time, lower the […]
Lenders aren’t bending over backwards to help out small businesses right now. So what’s plan B? Familiarizing yourself with proven alternative sources.
Plenty of A/P departments use some type of an online discount calculator to see it’s worth taking suppliers’ prompt-pay discounts. Well, here’s how your Finance department can get even more from that tool.
Almost every company faces this scenario at some point: A small to midsize business customer is late making payment for a product or service. Phone calls, emails and letters to the client reminding it of the debt and the terms of the contract go unheeded. Accounts Receivable is stymied. The account is then sent to […]
Collections and accounts receivable professionals will develop more confidence in their abilities and rank ahead of their peers by following the ASK method. What’s the ASK method? It stands for Attitude, Speed and Knowledge. And it’s a tried-and-true strategy that Pam Fagan, president of Audit Business Services, trains her employees and clients to master. Fagan […]
Forward-thinking companies like yours are always looking for ways to optimize A/P and A/R processes to keep your business’s cash flow well-balanced. But outside of using automation technology to reduce errors, streamline vendor invoice approvals and process customer payments, what else can be done? A/P best practices Here are six steps you can take immediately […]
Finance deals in numbers all day. But how often are you generating numbers to find out how efficient your finance team is?
For a while, vendor portals were great because A/R staffers didn’t have to spend so much time on the phone with your customers’ A/P departments to check the status of invoices or track a purchase order. However, over time your A/R staff may have accumulated so many login credentials for all the portals they use […]
We’re all looking for ways to boost cash flow. And one of the best tools to do that may be under your nose as we speak.
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