Artificial intelligence has hugely impacted accounts payable over recent years. There have been substantial breakthroughs achieved across the finance and procurement processes over the past decade, thanks to AI. There has also been a significant push toward automating...
Discounts and merchant incentives have been intrinsic parts of the trade ever since the inception of the market. When the world was using the barter system, the system of credit with associated people worked well. However, as the cash economy came into existence, we...
If you've ever been in the business of managing vendors, I'm sure you'd agree that there's no such thing as having too many tools at your disposal. In fact, the more resources you have at your disposal, the better off you'll be when it comes to streamlining processes...
The audit trail is a data collection showing what happened at a specific time. Auditors use it to verify that activities were performed correctly and, if not, why. The audit trail can be used throughout the financial system, including corporate fraud detection and...
In his book Rich Dad Poor Dad, Robert T Kiyosaki talks about four crucial skills a business owner must have to ensure smooth functioning and sustainable growth. These skills are Financial Management, Accounting, Law, and Taxation. While we can learn the basics of each...
In today's digital age, businesses generate vast data daily, from customer records to financial reports, contracts, and other critical documents. Managing this data efficiently is crucial for the success of any company. Document archiving is vital for any business...