Invoices

It's no secret that going from invoice to cash is a major challenge for most businesses and that this cycle can consume 40% or more of your working capital. Implementing an Invoice to Cash process can be a game changer for small businesses. Here's how.

Today you can pay your friend in a second on an app – and it’s free. But somehow we all still expect the payment of suppliers to take ages. And we let it happen every single week. 

When you opened your restaurant, chances are invoice payment management wasn’t top of your list of priorities. And with good reason: you’re passionate about hospitality, not bank account details. 

Your afternoons are not for checking due dates and validating suppliers, they’re best reserved for your area of expertise. Even if you’re a finance expert, you most likely want to focus on the bigger picture – the stability and growth of the business. And no matter what you’re passionate about, you want to spend your weekend with your family or friends, not processing invoices. 

There are an increasing number of issues arising from the supply chain that can negatively impact business operations. Business leaders should always know who their suppliers are. In this post, we'll look at why businesses must follow KYS for successful supply chain management in the future.

Optical Character Recognition is a process in accounting and invoicing that converts a document to an editable file. This means, the characters are recognized from the image of a scanned copy of the document.  In this article, we'll dive deeper into OCR and break down the different information it can retrieve from the documents.

Procure-to-Pay (P2P) is the dematerialisation of purchasing and accounts payable systems to increase their efficiency. In other words, the Procure to Pay process goes from the acquisition of the necessary raw materials to their payment. A strategic and financial issue in its own right.