Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
5 Reasons to Move From QuickBooks to Sage Intacct
Jun 23, 2022 by Sage Thee
QuickBooks has served your needs since day one and still (mostly) gets the job done. So why move from something familiar and functional like QuickBooks to a next-level accounting solution like Sage Intacct? The reasons may be more compelling (and urgent) than you realize:
5 Methods You Can Use to Reduce Late Payments
Jun 22, 2022 by Julia Duarte
In any industry, maintaining a steady cash flow is essential to running a business. When a company receives consistently late payments, day-to-day operations and overall progress slows down. By understanding why your customers are paying late, you can take steps to create an actionable plan to reduce your number of late payments and thrive as a business.
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What You Need to Know About Payment Verification
Jun 14, 2022 by Kelsey Banerjee
Whether you’re getting paid or paying someone else, payment verification is essential for preventing fraud and securing payments. While you may not need to verify your client's bank accounts, having a PCI and AML complaint portal that validates accounts is a great way to reduce risk and paperwork down the road.
How Automation Makes Month-end Accounting Less Stressful
May 31, 2022 by Kelsey Banerjee
How stressed are accountants? A recent study by the Institute of Chartered Accountants in England and Wales found that 80% of accountants struggled with general stress, and 56% said they were on the verge of burnout.
How to Increase Solar Revenue (Without Changing Your Business Model)
May 24, 2022 by Kelsey Banerjee
Even before the pandemic brought the supply chain to a grinding halt, the renewable energy sector had been feeling the squeeze. While the cost of installation has dropped by a whopping 60% in the past ten years, the economics around pricing solar energy has been a trickier process.
5 Best Billing Software
May 19, 2022 by Kelsey Banerjee
Let's be honest: Sound billing software is more than sending reoccurring invoices or scheduling a payment reminder. Finance professionals must juggle compatibility with multiple payment gateways, gauge the payment processing time, evaluate cash flow forecasting visualizations, review the customizable invoices options, and pursue expense tracking features.
Calculating Accounts Receivable: Cash Method vs. Accrual Method
May 17, 2022 by Kelsey Banerjee
When it comes to financial management, knowing how your business will record payments and expenses is the cornerstone of every transaction. Without this essential bit of information, you can kiss even partially-accurate cash flow projections goodbye.
4 Common Accounts Receivable Challenges and How To Solve Them
May 3, 2022 by Kelsey Banerjee
Most companies have an accounts receivable (AR) policy for when and how much to bill and when to collect. But research shows that not all businesses execute that policy effectively. In fact, the average US business has up to 24% of its monthly revenue tied up in overdue invoices.
How Does ACH Work?
Apr 28, 2022 by Kelsey Banerjee
While ACH has been around for decades, more and more businesses are shifting away from credit cards and bank wires in favor of this payment method. In 2021, same-day ACH grew by 74%, with B2B payments specifically being up 20.4%.
How to Automate Your Accounts Receivable Process
Apr 20, 2022 by Kelsey Banerjee
Why are some finance teams slower to adopt AR automation than others?
7 B2B DeFi Use Cases for Finance Departments
Mar 31, 2022 by Kelsey Banerjee
For years, decentralized finance (DeFi) has applied mainly to B2C transactions. Investors or individuals would load up their crypto wallets with Bitcoin or Ethereum or Doge tokens and hope for a rapid and dramatic increase in asset value. And while decentralized ledgers have been used since the 1980s for some B2B projects, DeFi didn't take off until years later.
The B2B Payment Processing Process
Mar 25, 2022 by Kelsey Banerjee
Optimizing B2B payment processing can seem impossible when so many factors are outside of a company's control. But sticking to legacy systems isn't working, either. Manual processes are unnecessarily complicated and labor-intensive. For example, manual follow-ups for overdue invoices alone take 67% more time than automated processes. And while over half of B2B organizations plan to switch to digital payments, navigating a long-term B2B payment solution is more than just accepting ACH or credit cards.