May 11, 2022

What are the Benefits of Procurement Software?

If you are an organization, company, or business that has to deal with dozens of clients daily, procurement software could make your finance management a lot easier. The software will help you analyze your total spending, track thousands of suppliers, pay attention to individual supplier performance and promote compliance. What are the benefits of procurement software?
January 7, 2022

Working Capital? | Definition

Working Capital is a common measure of the health of your business operations. Knowing how to manage working capital is a crucial aspect of financial procedures. Working capital refers to the funds required to operate your firm on a daily, weekly, and monthly basis. It is the money used to pay your suppliers for materials, as well as the money needed to pay for the items and services (such as inventory and payroll) that you have utilized while waiting for your customers to pay you.
November 5, 2021

Why is a Business Credit Score Important?

A business credit score is an indicator of your overall business financial health. It lets lenders and suppliers know you can pay your debts, and is a useful tool for cementing a reliable reputation.  But it is your credit policy that protects your business cash. Why is a business credit score important?
October 24, 2021

What are Basic Purchasing Process Procedures?

Purchasing Procedures provide vendor selection and purchasing controls. Which ones should your company be sure to utilize?
November 25, 2019

How to Manage Working Capital

Working capital is the money it takes to run your business. What areas should you actively manage in order to get the most from your working capital?
May 13, 2019

How to Write an Accounts Payable Procedures Manual

Accounts payable is focused on increasing the size of assets, while maintaining a solid credit rating, and increasing purchasing process velocity.