Cash flow and petty cash management assume paramount significance in multi-location industries, including Quick Service Restaurants (QSRs), E-commerce, Manufacturing, Construction, Retail, and BSFI (Banking, Financial Services, and Insurance). These industries…
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May 2, 2023
April 24, 2023
In the modern world of business, managing petty cash can be a tedious and time-consuming process. Petty cash, which typically refers to small expenditures made by employees on behalf of…
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April 10, 2023
Accounts receivables are the lifeblood of any business. Accounts receivables refer to the money owed to a business by its customers or clients for goods or services provided. The process…
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March 26, 2023
When a company purchases goods on credit it racks up accounts payables. These short-term obligations are treated as liabilities and are owed to the company’s vendors or suppliers. The dues…
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February 20, 2023
As a business owner, managing accounts payable can be a tedious and time-consuming task. However, with the help of accounts payable solutions, you can automate and streamline the entire process,…
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February 13, 2023
As companies continue to strive for increased efficiency and profitability, outsourcing finance and accounting functions have become a popular solution. Outsourcing these tasks to a shared service center or finance…
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January 19, 2023
At some point, most businesses think about outsourcing less-critical functions. This is usually done when the company wants to focus on its core competencies and leave the non-core functions to…
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January 5, 2023
At its core, payroll management is the process that makes sure that your employees are paid on time, without fail. It includes different processes such as managing employee salaries, tax…
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December 19, 2022
What is a shared service center? A shared service center (SSC) provides support services for non-core business activities. SSC can also be defined as a centralised business function that caters…
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December 12, 2022
A poorly performing accounts payable (AP) process can hurt your bottom line. Businesses are trying to streamline their finance operations by embracing paperless invoicing and restructuring their internal processes to…
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