Remove Accounting Remove Cash Management Remove Economics Remove Invoicing
article thumbnail

Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

Financial accounting: A topic that can easily disorient even the most driven entrepreneurs. Fortunately, we present you with a compass – a diagram that demystifies the functions of financial accounting. In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions.

article thumbnail

The Economic – And Ergonomic – Value Of Commercial Card Optimization

PYMNTS

Often at the center of this initiative is the accounts payable (AP) department — and unsurprisingly for these volatile times, the strategy can turn toward lengthening the days payable outstanding (DPO). “It’s not only the economics that are being optimized” by accepting cards, Leavitt said. ”

Economics 104
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Small Biz Cash Management Struggles Across The Globe

PYMNTS

. “However, as the large majority of SMEs still finance themselves with cash flow from operations, there is a significant opportunity for businesses to optimize working capital through better relationships with customers and better use of accounts receivables.” ” Indeed, 76 percent of SMEs in the U.S.

article thumbnail

The new accounts payable department & the future of payables

Future CFO

Manual AP invoicing has been outdated and inefficient for years now, so when business across the globe encountered significant disruptions, companies with digital transformation still on their to-do lists felt the impact on their operations far more than those already using automation. Optimizing cash flow.

article thumbnail

ERP Functional Areas of Management

Navigator SAP

How do you keep employees engaged and business thriving in an economic landscape marred by the ongoing effects of the COVID-19 pandemic on society at large? The ERP functional areas of management are extensive, as they aid almost every part of a business.

SAP 130
article thumbnail

Virtual Accounts Bring Opportunity Amid Corporate Banking Reform

PYMNTS

There is some concern that widespread financial regulations like Basel III may lead economies to lose sight of FinTech innovation and overall economic growth. ” Key to grasping that opportunity, Cashfac declared, are virtual bank accounts and their use of innovative banking technology to help companies digitally manage their cash.

article thumbnail

Next-Gen Automation Helps B2B Payments Cross Borders By Easing Frictions

PYMNTS

Automation’s long march to the present day finds automation grinding out new solutions to cash management issues during a topsy-turvy economic time. Cash Management Moving in Virtual Directions. Delayed payments are causing frustration among businesses during the pandemic,” per the Playbook.

B2B 61