The question of moving forward at a rapid rate is a critical one. Timing and an intelligent analysis of your business performance is key here. Here are the reasons why the element of speed will be critical for your business in the coming year.
Digital security is paramount in the business world because of the growing dependence on technology that the world has gone through. Information management becomes a task that has much importance for sustainable customer retention in today’s age. In today’s day and age where businesses often struggle to meet industry standards, certifications that vouch for standard…
Every small business owner would be familiar with the panic associated with customers paying late. It wrecks havoc with your business operations, your planning and regular payments to employees and other operational charges. In fact, it has been found that over 55% of the total value of B2B invoices in India were reported to be paid late according to a 2016 report by Atradius. This causes problems for the business and in turn, the other businesses it works with, thereby causing a negative cascading effect. To counter this, most businesses have in place a process called credit control. In simple words, it is a practice followed by businesses to ensure that customers don’t take too long to pay you by following up through emails or calls.
Most businesses inevitably face a cash crunch or two during their lifespan. To tide over such lean periods, a business can opt for financing options available in the market, the most obvious of which is a business loan or alternative financing solutions such as invoice discounting. How is invoice discounting different from a business loan? What are the advantages of it over a regular business loan? Here’s how!
It’s important to move with the times and evolve; as an individual, an entity or any kind of organisation. If you’re a business, it is imperative that you stay on top of the latest trends in your industry and use it to better your business. As technology continues to evolve rapidly, businesses need to embrace emerging, cutting-edge technologies before it is too late else you will run the risk of becoming an industry laggard.
We scouted the internet for reports from leading sources like the SMB Group, Cerasis, Deloitte, KPMG and many more for the 2017 technology trends for small businesses to bring you a consolidated list of tech trends your business should not miss out on! Are you and your business on top of these technology trends listed here?
The invoice due date and its timely payment is crucial for any business to remain afloat. One of the least pleasant experiences for business owners is to chase late payments. As per a report by Atradius on payment practices – Indian economy is doing well with a bright future prospect. A stable political situation, low…
We got talking to an Expert in Logistics industry and got an insider’s view on the do’s & don’t. Below are his views on the industry & how it works.
Any Business, big or small and even freelancers face the problem of Invoicing and late payments from their clients. This not only elongates the payment cycle but can leave businesses dry and delay their functioning. To avoid such situation, here are few tips on invoicing process best practices. Invoicing Process Best Practices
Invoice discounting can help fund the Logistics & Transportation industry by freeing up cash sitting in unpaid invoices. The dependency on unpredictable and fluctuating factors makes it all the more necessary for organizations to have a strong cash flow system.
Cash is the ‘King’. The time delay between payment to suppliers and employees and collection from vendors and customers is the major problem and the only solution is cash flow management which is actually very complex to manage.