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 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 …
Contemporary business finance has evolved far from what we knew about the space. Modern-day financing proactively uses technology. Organizations use different payment tools, payroll solutions, ERP software, and data visualization platforms – all in hopes of streamlining financial processes. However, …
Did you know that 52% of companies identify slow, manual AP/AR processing as a significant contributor to business delays?
Smooth accounts payable i.e. AP operations and accounts receivable (AR) operations are crucial for business growth and day-to-day working. However, if …
Institute of Finance & Management (IOFM) data reveals that only 5% of PO-to-invoice matches are 100% accurate on the first try. Besides being inefficient, manual accounts payable (AP) or accounts receivable (AR) processes have many hidden and direct costs …
In recent years, CFOs have expanded their roles to include marketing, compliance, operations, and technology innovation including GenAI exploration. The business world is fiercely marching towards scale – the enabler of this pace and innovation for several industries can be …
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 …
Accounts payable (AP) is a crucial function for companies as the process determines the quality of supplier relations, purchase workflows, and the overall efficiency of the finance operations.
Several factors make AP a complicated and error-prone function. To begin with, …
Cash flow management is the lifeblood of any business. It’s the process of tracking, analyzing, and optimizing the flow of money into and out of your business. Efficient cash flow management is crucial for business success, as it ensures you …
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 …
Two-way sync or widely known as “Tally synchronisation”, a dynamic data exchange mechanism, holds the potential to revolutionise how businesses manage their financial records.
This synchronisation allows businesses to quickly extract information like invoices, bills, and inventory from Tally and …
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 …
