Streamline Your Accounts Receivable with Cashbook Automation

‘Applying cash’ is a term used to describe when companies are managing their Account Receivables. Another term that is used to describe this process is Cash Application. In this article, we give you the essential facts around applying cash, and why it’s so important for organizations to get it right.

Rising inflation negatively affects the cost of borrowing cash for a business. Managing cash flow becomes even more important than before.

Jim was a financial accountant, a whiz in Excel, budgeting, and planning. After years of working in product costing, he was “promoted” to Treasury Assistant. The world of Treasury was hugely exciting to Jim but he was warned by the previous incumbent that the bank reconciliations, a key part of the job were soul-destroying.

Digitization of AR processes has significantly reduced the collection cycle and DSO of companies that have adopted automation tools.

PayPal has been around since the late 90’s and impressively was the most used method of secure payment for online shoppers in the last 12 months. PayPal has over 300 million active users worldwide, and 87.5% of all online shoppers have used PayPal. The three main users by country are ...

The history of payment trends Paper to Plastic Payment trends have changed hugely in the last 10 years, before we examine that time period, we will quickly look at the evolution of payments throughout history. Payments have changed fundamentally down the years. In the two images below, we can see ...

The Payments Landscape In North America, the value and volume of ACH payments have increased year on year over the last five years. In 2019, ACH volumes increased by 7.7% to 24.7 billion items, and ACH values increased by 8.9% to $55.8 trillion from the 2018 figures. The volume of ...

In the world of finance and accounting things are moving fast. Accounting processes, standards and ways of completing tasks are receiving updates more frequently. Especially in the current ‘innovation era’ and the increased advances in technology. New developments can have a large impact on your business. It may lead to ...

Ghost cards are a name given to a specific kind of bank credit card or purchasing method. They are not a real plastic card like the ones we are acquainted with. Hence the name ‘ghost’, it is precisely a credit card number that is specific to each department within a ...