An invoice is a legal document that tells customers what they owe and when payment is due. Invoices establish an obligation on behalf of the buyer to pay their supplier and serve as proof of debt owed.
Finance and accounting pros are at the forefront of businesses’ digital transformation, continuously adapting to the new normal to keep cash coming in the door. These four experts share how businesses can position themselves for success in a post-pandemic world.
When implementing accounts receivable software, it’s important the CIO is involved in the decision-making process. But without intimate knowledge of AR, how do you make well-educated decisions? Here’s what CIOs, and those outside of finance should know when evaluating AR solutions.
Much has changed since the 1980’s thanks to rapid advancement in technology. So why haven’t most accounts receivable departments caught up? Learn how outdated AR processes could be hurting your cash flow.
If you’re still sending out paper invoices, it’s well past time to update your processes. In this blog, we delve into what Electronic Invoice Presentment and Payment (EIPP) is and whether it’s the right move for you.
Sales discounts is a great way to incentivize early payments. But, managing and accounting for them can mean added work for your finance team. Here are 4 ways you can better enable your team to manages sales discounts and drive efficiencies.
It’s no secret that your collections process can be incredibly mundane, leaving your finance team unmotivated to complete their work each day. We’ve assembled eight strategies we recommend when looking towards collections automation.
What options are there for suppliers who wish to maximize the benefits of traditional COD, without sacrificing anything from their current collections process? Enter ‘Electronic Cash on Delivery’, or eCOD.
COD is a valuable payment acceptance method for some suppliers but as this year’s call to work remotely, or to be socially distant if you do have to work on premises has taught us, providing payment at time of delivery isn’t always safe and it isn’t always possible.
Understanding internal systems processes is not easy. Most organizations today have complex structures in place, each with several processes for their varying business units which makes managing and tracking movement within a company incredibly demanding.