Business Operations

Efficient Business Operations: Solving Challenges, Boosting Results

February 19, 2024

Petty Cash Management 101: Tips And Techniques

Introduction Everyone is going cashless now! But how to handle petty cash when everyone is switching to digital payments? Businesses lose 5% of their revenue when they don’t manage expenses correctly. This blog will discuss about petty cash, offering insights into effective management, along with tips, tools, and solutions to overcome challenges in expense management.  […]

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January 16, 2024

How To Achieve Financial Clarity With Expense Reconciliation

Introduction “The lack of clarity in finances can quietly harm businesses, often remaining unnoticed until it leads to major losses.” In the ever-changing finance world, achieving clear finances poses a tough challenge for businesses worldwide. According to a recent Deloitte survey, about 51% of businesses face incomplete or wrong expense data issues. This problem doesn’t […]

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January 15, 2024

What Are The 5 Types Of Crowdfunding And Which Suits Your Business?

Introduction Crowdfunding is not just about collecting funds; it’s about building a community, telling a compelling story, and transforming dreams into reality. It has become a game-changer for turning ideas into reality.  In 2020 alone, the global crowdfunding volumes soared past $34 billion, highlighting its massive appeal and effectiveness, as per Statista. But behind these […]

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January 9, 2024

Creating A Foolproof Accounts Receivable Workflow

Introduction Have you ever found yourself in a frustrating loop of waiting for payments that are never on time?  It’s a common struggle among businesses—almost 60% grapple with this challenge!  But fear not!  There’s a solution: creating a foolproof accounts receivable workflow.  Now, there comes a question: how to create it? For this, we have […]

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January 5, 2024

Combining Project Management And Billing

Introduction Do you also get confused when handling multiple projects and billing simultaneously? It’s not just you.  Combining billing with project management is a wise decision, but demands careful planning for a successful business journey. According to a survey by the Project Management Institute, organizations waste an average of $122 million for every $1 billion […]

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January 1, 2024

Top 12 Accounting Automation Tools For 2024

Introduction The demand for precision, speed, and efficiency in financial management is more critical than ever. This is where accounting automation comes into the picture. Accounting automation tools have made a significant place in today’s digital world.  According to a recent report by McKinsey, nearly 50% of finance activities can be automated. However, with lots […]

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December 25, 2023

Building vs. Buying: Should You Develop Your Own Custom Invoicing Software?

Introduction Efficient financial management in any business stands as a cornerstone of success. Invoicing software is your future-ready solution to make this process automated, error-free, quick & efficient.  In the quest for streamlined operations, businesses often face a difficult choice: should they create their own custom invoicing solution or opt for an existing one? 67% […]

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December 21, 2023

Best Business Budgeting Tools Of 2024 – Optimizing Financial Management

Have you ever wondered how much businesses spend annually on outdated financial tracking methods?  According to recent statistics, inefficient expense management costs businesses 5-10% of their annual budgets.  This emphasizes the critical need for advanced financial planning tools. Financial tracking software has evolved significantly, offering businesses many options tailored to their specific needs. From simplified […]

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December 20, 2023

How to Handle Partial Payments On Invoices

Introduction Have you ever found yourself juggling incomplete payments on your invoices?  Handling these partial payments can often feel like completing a puzzle with missing pieces. According to a study by the National Federation of Independent Business (NFIB), approximately 64% of small businesses experience late payments from customers, with a significant portion being partial payments. […]

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