In business and personal finance, the terms “debtors” and “creditors” represent essential financial relationships that form the foundation of credit transactions. These concepts define the two sides of financial obligations in any credit arrangement—those who owe money and those who …
Imagine you’re running a retail store, and you’ve just received a shipment of electronics from your supplier. Upon inspection, you notice that several items are damaged. How do you formally communicate this issue and request a refund? This is where …
The role of a Chief Financial Officer (CFO) has changed a lot in recent times. While they continue to oversee the financial health of an organization through traditional instruments like Profit and Loss statements and cash flow statements, CFOs are …
Finance Automation, AP Automation, AR automation, Finance Processes
From being manpower intensive to technology-driven – the shift in finance processes is more evident than ever today. Research shows that for finance functions in every industry, at least 42% of all …
Since the boom of digital transformation, transactions have become online and accountants have shifted from piles of ledger books to accounting software.
However, business owners and accountants are struggling to unlock the full potential of their SBI current accounts and …
An uptick in online sales is inevitable in today’s digitally forward world. With more and more customers moving to online shopping, e-commerce sales have been on the rise.
Undoubtedly, these online business transactions have witnessed much innovation over the years. …
Growing businesses often see a ton of expenses piling up. As a business owner, you find yourself more often than not, weighing different business credit options to tap into.
To make matters worse, the knock-on effects of COVID-19 are seemingly …
Let’s face it – businesses, in general, have taken a massive hit due to the outbreak of COVID-19.
Though the global economy is starting to show signs of gradual recovery from this ‘virus slump’ – there’s no denying the fact …
