Every business transaction doesn’t always go as planned. When customers return products, dispute charges, or receive incorrect invoices, businesses need a systematic way to handle these adjustments. This is where credit notes come in – a critical financial document that …
Running a business means dealing with lots of paperwork, especially when it comes to money. Two common documents that often confuse people are invoices and bills. While many use these terms interchangeably, they serve different purposes. Understanding the distinction …
Businesses are constantly looking for ways to make payments easier for their customers. One of the simplest and most effective solutions is a payment link. It’s exactly what it sounds like — a link that lets customers pay online with …
Trust is vital in transactions, especially when large amounts of money are involved. However, relying only on trust can sometimes lead to risks or disagreements. This is where escrow accounts step in to offer a reliable solution. These accounts are …
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 For decades, Businesses have struggled with outdated processes, manual tasks, and limited visibility.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) …
As automation revolutionizes financial services, AR & AP Managers are embracing streamlined management of their financial processes, encompassing both Accounts Payable and Accounts Receivable. In this discourse, we unveil seven essential hacks to optimize these functions. From simplifying data entry …
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 …
Mr. Sharma is running a successful supermarket store in Delhi for the last 7 years. As any new business owner, he also faced challenges with his payments as his business grew. Fortunately, Yes Bank Connected Banking made his business payment …
If you are a business owner with a lot of transactions to handle, you know how difficult it is to manage them. Most of the time, your accounting software is not directly connected to your current account and you have …
Managing multiple current accounts can be a cumbersome task in business payments operations, often leading to inefficiencies, manual errors, and a lack of real-time insights. However, with the advent of Connected Banking, businesses can now streamline their cash flow management …
