Ever wondered how businesses keep their finances on track and avoid cash mishaps? Proper financial record-keeping isn’t optional – it’s a critical foundation for any company’s long-term success. At the core of sound financial management is a fundamental tool: the …
The role of a CFO isn’t just about crunching numbers. They’ve become the linchpin of all business operations, including procurement and payment.
Statistics show a strong correlation between an efficient procurement process and healthy organizational performance.
Today, less than 20% …
The financial reporting and compliance landscape worldwide has been growing more and more complex, presenting more significant challenges for auditors and, more importantly, investors and stakeholders. Insurtech company Gain Compliance analyzed 102 filing documents to find out that 58.2% of …
The finance and accounting (F&A) world is ripe for automation. The department, characterized mainly by standardized, transactional procedures, makes it a prime candidate for technology to streamline its operations. Although various types of automation have particular strengths, P2P automation can …
Today, Chief Financial Officers have evolved from being the financial guardians of an organization to becoming strategic advisors. They actively participate in operations, leveraging their financial expertise to help achieve the organization’s financial goals.
Among the most important responsibilities of …
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, …
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) …
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 …
