Earlier, a regular day for any Accounts Payable manager used to be filled with papers, papers, and more papers – very different from what we see today. A manager spent days locating paper invoices, purchase orders, and delivery notes to …
You’ve probably heard the saying, “Coming together is a beginning, staying together is progress, and working together is a success.” This can apply to many areas of life, work or otherwise, but it’s especially true about the relationship between businesses …
Financial inclusion, since 2011, has been a cornerstone of business development. Traditional, siloed financial processes and systems are unready to serve the demand for real-time data and agility. The concept of connected finance shatters these silos, integrating financial data across …
Automation in finance is transforming how organizations manage their financial operations and strategies. This shift involves integrating advanced digital technologies such as automation, Artificial Intelligence (AI), Machine Learning, and data analytics into financial processes. These technologies streamline operations, improve accuracy, …
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. …
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 However, businesses across India have been struggling with outdated and inefficient Business-to-Business (B2B) …
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 …
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 …
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 …
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 …
