Invoices are slips that tell you who is to be paid and when they expect that payment. Invoices that you issue make sure that you are paid within the given time. However, if you feel that your buyers don’t pay you on time or you need the payments to be done sooner,...
In the market of today, money and trust are everything. The world runs on money, and people run on trust. Large companies have a lot of cash to influence the market, but what about medium-sized and small corporations? Are they supposed to sit back while other...
An early bird gets all the worms. In this case, an early buyer gets all the discounts. Discounts are a ray of hope to the small and medium businesses, which let them compete with the large companies in the market. Early payment or dynamic discounting is an excellent...
An AP workflow is the heart and soul of a business. The people who manage it, AP clerks, have a hectic life. An AP workflow involves paying off debts taken from vendors by the business, paying off receipts on time, and deciding when the next batch of inventory should...
The pandemic changed a lot of things about the way the world operates. While day-to-day operations became difficult, industries around the world came up with new means and methods to keep on functioning. In a situation where people could not leave their houses,...
re are times when a vendor goes out of business, which means leaving procurement to get products from someone else. There can be various reasons why a vendor may go out of business, the vendor has cash flow issues. The vendor cannot meet supply demand, the vendor has been hit by a global pandemic.