accounts payable processes

Accounts payable outsourcing refers to inviting a third-party team to manage your accounts payable process for you. Your accounting department will have fewer tasks to accomplish since liabilities such as short-term debts and managing your creditors are given to qualified third parties.

B2C business success brings its own headaches. Here is the simple reason why — B2C businesses succeed by selling current and new products and services to existing customers, and then,  they sell to those customers more often. B2C businesses will also acquire new customers, and then repeat the whole process over again.Having more customer orders […]

Whether small businesses or global giants, all companies must follow the same basic accounting principles — the Generally Accepted Accounting Principles (GAAP) standard in the US or International Financial Reporting Standards (IFRS) abroad. Accounting according to these principles helps companies dutifully manage  their cash flow to maintain stability and give employees confidence in the future […]

Picture your accounting department at the end of every month — is it calm or chaotic? If your staff is scrambling and cash reconciliation is always a nail-biter, your AP workflow may be broken. Accounts payable automation is the best way to avoid month-end madness and bring visibility and efficiency to accounting processes. Automated AP […]

Making money is the primary goal of any company—but earning is only half the battle. The other half is reducing expenditures that eat revenue. While overhead spending of up to 35% of annual revenue may be considered normal, this percentage is only relevant in relation to net profit. If you’re only looking at 5% profit […]