May 16, 2022

What Business Policies Does Every Company Need?

Business policies define your governance model for your organization. Weak companies have weak governance models. So what business policies do you need?
January 14, 2022

Which Loan is Best for Starting a Business?

For a start-up company, financial strategies for business are important to cover a lot of expenses and to give you enough resources to keep on moving forward as you start generating profit–and here is where start-up business loans come in. From your working capital, inventory, to real estate and equipment, sometimes your funds on hand are not enough. Which loan is best for starting a business?
November 18, 2021

What Are Common Embezzlement Schemes?

What embezzlement techniques are considered the most common embezzlement schemes used by embezzlers?
November 5, 2021
Business Credit Scoring

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?
February 8, 2021

Should Your Business Accept Cryptocurrencies?

Cryptocurrencies have revolutionized payment trends in the payment industry. Nowadays, a lot of people have a digital wallet, and they procure products or services over the Internet using cryptos as a means of payment. When should your business start accepting cryptocurrencies?
October 20, 2019
Cash Flow Burn

How to Write Accounts Receivable Procedures

The accounts receivable procedures for collection process are critical to reducing days sales outstanding and generating more cash for your business.
October 17, 2019
Payment Efficiency

5 Ways Payment Speed and Efficiency Improve the Customer Onboarding Process

There are numerous crucial factors that can make or break your customer onboarding strategy, one of which is, of course, payment efficiency and effectiveness. Payment efficiency is not just about streamlining the payment process to reduce customer effort or improve customer satisfaction, it’s also about making sure that you get paid on time for your products or services in order to maintain productivity and preserve cash flow to resume normal operations on a daily basis.
August 26, 2019
Risk Management

What Financial Mistakes Put Business at Risk?

Mistakes are an inevitable part of running a business. It is a common practice that a business faces a drawback due to an unpredictable financial mistake. Some blame it on ignorance, some on lack of professional guidance, while others are simply trying to find someone to blame. What financial mistakes put business at risk?
April 29, 2019
Credit Policy Procedure

Does Your Credit Policy Protect Your Business Cash?

Giving your customers credit is like lending them cash. Internal control should include credit policy and processes just like it covers how cash is handled.