It is never easy to start and sustain a small business and it is all but impossible to run a business without proper access to financing and working capital. In the management of any small business, finance and accounting play an existential role. Every business operates on money and without control over money there is […]
The fluctuating economic conditions and global uncertainties compel businesses to constantly work on ways to streamline their business processes while remaining cost-effective. Outsourcing time consuming and non-core business process activities can help to boost business productivity by enabling organizations to focus on mission critical tasks. The importance of payroll processing Payroll is a particularly critical […]
Accounts Payable is defined as the collective amount of a business enterprise’s short-term obligations to pay their suppliers for the different products and services that the enterprise purchased on credit. In the current business climate, business enterprises in every sector are under tremendous pressure to perform a lot of tasks with limited resources. Therefore, businesses […]
Internal Audit was originally conceived as a way of protecting and preserving business assets and function as well as ensuring compliance with standard regulations; now its importance has expanded to being used as a parameter to drive business change and add business value. The maintainance of internal audit is evolving into a distinct area of […]
Record to Report (R2R) forms an important aspect of the Finance and Accounting process. It provides the necessary insights on the strategic, operational and financial facets which gives an in-depth idea of an organization’s performance. It involves complex processes of gathering, converting and supplying information to stakeholders who want to know if their expectations have […]
Efficient management of cash flow is one of the key stepping-stones for the success of a business enterprise. A smooth and uninterrupted cash flow is what ensures on-time payments for the company’s employees, suppliers, owners, vendors and thus, the viability of the business. Therefore, a robust system needs to be in place to ensure that […]
Most companies forget the fact that only accurate and precise billing can ensure smooth cash at all times. Faulty and inaccurate billing can lead to delayed receipt of cash, the customer charged with payment for wrong amounts and other such instances that have the potential to lead to disputes. This is precisely the reason why […]
According to the ‘JD Power 2014 US Retail Banking Satisfaction Study’1 released in May 2014, customer satisfaction with banks is at a record high, increasing to 785 this year as compared to 763 in 2013. This is attributed to banks making an effort to improve experiences for customers, reduce their problems and create an understanding […]
8 Retail Marketing Trends in US: Ideas, Strategies & Stats
Inspite of the extreme weather conditions witnessed in February around the country, retail sales in the US grew by a seasonally adjusted 0.3%, reported USA Today. With anticipations of a better pace of job growth, personal and household income is expected to increase, fuelling consumer spending further. 2014 will see a 4.1% increase in […]
Tips & Advice for Buying Right Business Document Scanners
No matter what the size of an organization, a scanner in the office is a useful tool. From small assets like business cards to critical essentials like tax records, scanners enable the conversion of paper documents into electronic format and pave the way for going paperless. According to a white paper titled ‘Scanning Brings Cost […]
