In the dynamic Indian business landscape, efficient B2B payments are crucial for success. For decades, Businesses have struggled with outdated processes, manual tasks, and limited visibility. To address this, NPCI Bharat BillPay Limited (NBBL) and Reserve Bank of India (RBI) …
- By Shweta Singh
- 02-09-2024
- 3 min read
Business finance automation is vital for modern enterprises to enhance their financial processes and stay competitive in today’s evolving business landscape. Businesses can save time, reduce errors, and improve overall efficiency by automating invoicing, expense tracking, and financial reporting tasks. …
- By Shweta Singh
- 30-08-2024
- 3 min read
The Bharat Bill Payment System (BBPS) has been a game-changer for bill payments in India, offering a unified platform for all billers and customers to interact seamlessly. However, businesses across India have been struggling with outdated and inefficient Business-to-Business (B2B) …
- By Shweta Singh
- 09-08-2024
- 8 min read
The financial world is now witnessing a rapid shift led by the rise of “open finance” and “connected finance.” Open finance is an extension of the Open Banking concept, which translates to building financial solutions leveraging openly available APIs for …
- By Shweta Singh
- 02-08-2024
- 6 min read
Accounts Payable, traditionally, has been viewed as a cost center within an organization. There has been little interest in automating Accounts Payable (AP) management for cost-cutting in a rather paper-intensive domain.
However, AP management plays a key role in liquidity …
- By Shweta Singh
- 29-07-2024
- 5 min read
In modern businesses, CFOs must manage working capital adequately and reduce Days Sales Outstanding (DSO) for efficient Accounts Receivable process. However, traditional manual AR processes often present daunting challenges in achieving this goal.
Managing and optimizing Accounts Receivable (AR) collections …
- By Shweta Singh
- 26-07-2024
- 5 min read
Largely driven by technological advancements and changing market demands, the evolution of accounts payable is undergoing a significant transformation. As businesses aim for better financial operations, they’re turning to Accounts Payable automation for efficiency and accuracy, shaping the future of …
- By Shweta Singh
- 22-07-2024
- 9 min read
Invoice automation in simple words, is the use of software to simplify and streamline the process of receiving, validating, approving, and paying invoices. In the early days invoice automation was typically used for large enterprises, due to its high cost …
- By Shweta Singh
- 17-07-2024
- 7 min read
In recent years, Accounts Payable (AP) has evolved significantly due to technology, regulations, and changing business demands. Once seen as a back-office task focused on invoices and payments, Accounts Payable now holds a strategic position. It’s vital for managing working …
- By Shweta Singh
- 15-07-2024
- 5 min read
Businesses across industries often find themselves bogged down by endless paperwork and tedious manual tasks, wishing there was a better way. Untallied balance sheets, endless waits for payments, or lost vendors slipping through the cracks, many such instances can be …
- By Shweta Singh
- 24-06-2024
- 7 min read
The contemporary corporate financial functioning landscape needs prudent approval workflow and documentation workflow to maintain strong compliance and resistive control. According to 2023 Thompson Reuters’s Global Compliance Report, among 350 total respondents, 45% said they did not monitor the cost …
- By Shweta Singh
- 17-06-2024
- 6 min read
CFOs today direct their organization’s growth strategy rather than just focusing their efforts on managing financial and risk management.
They are expected to be strategic partners to the CEO in business planning, write down the financial roadmap, communicate a clear …
- By Shweta Singh
- 10-06-2024
- 4 min read
James Mcneill Stancill said, “You can’t pay bills with profits—only cash.” Well, it’s 2024, and his words still ring true. When you optimize cash flow management—aka the tracking of funds in and out of your business—it makes it easier to …