To keep your business competitive in the midst of a labor shortage it may take more implementation of digital finance technology which enables teams to get more done in less time. Technology (including finance technology) has a lot to do…
Accounts Receivable
Securing an unpaid debt is challenging enough. The last thing any company wants to do is undermine its efforts by forgetting to cover all the necessary legal bases. A simple one to avoid? The so-called "mini-Miranda" warning required under the…
Finance departments need to know what's going on across the organization. Yet all too often communication channels clog up, with one important team being the last to know important info. And that's A/R. Picture this: Your A/R point person calls…
Collecting outstanding debts and maintaining cash flow all comes down to the persistence of you and your Accounts Receivable (A/R) team members. Being seen as "persistent" in your industry is the ideal spot you want to be. On the other…
Picture this: You're settling on a new automation program shown to help streamline account data and close payments more effectively. You're excited about the time it's going to save your team members and the money it's eventually going to save…
Small- to medium-sized companies are still skittish about moving Finance data and functions such as Accounts Receivable (A/R) to the cloud, for the most part. That's bound to change soon as larger companies change the landscape and continue to embrace…
Finance pros know there's more than one way to motivate staffers to improve their performance. Chances are you've tried incentive programs and training tactics to get your teams to collect. There's a variety of carrots to dangle based on what…
Businesses like yours that expanded into e-commerce markets and digital sales channels have had to be aware of economic nexus ever since the tax compliance landscape changed with the landmark South Dakota v. Wayfair Supreme Court decision. Your Finance team's…
If you're like most businesses these days, you're either dealing with a customer or two that's stretching payment deadlines as far as possible (or are past due), or you're worried it's about to become a problem and cut into your…
Forward-thinking companies like yours are always looking for ways to optimize A/P and A/R processes to keep your business's cash flow well-balanced. But outside of using automation technology to reduce errors, streamline vendor invoice approvals and process customer payments, what…
All-in-one payment solutions can revolutionize A/P and A/R departments. But many of your peers are still wary of these time-saving solutions, especially smaller B2B firms you may work with on a regular basis. The benefits outweigh the drawbacks in many…
PayPal is making some updates to its business accounts that your A/P and A/R teams need to know about if you’re using the service to make and receive electronic payments with vendors and customers. Here’s a rundown of the changes.…
