Your mission and vision drive your overall company policy, in which you lay out your overall company objectives that guide your strategic plan. From there come your sales and marketing plans, your operational plans, and so forth. You might think of your policies as a juncture of internal and external forces. Setting business policy is critical to a thriving company. What business policies does every company need? Continue reading What Business Policies Does Every Company Need?
There are six areas of risk frequently capitalized upon by embezzlers. While these areas of risk are not the only ones containing “embezzlement windows of opportunity”, these are the areas that offer the most significant sources of exposure to your company and what lead to various embezzlement schemes. What are common embezzlement schemes? Continue reading What Are Common Embezzlement Schemes?
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? Continue reading Why is a Business Credit Score Important?
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? Continue reading Should Your Business Accept Cryptocurrencies?
Cash is everything to a business and you certainly would not want to burn up your cash. Learning to Write Accounts Receivable Procedure will help you to control your cash flow; now, let’s look for $250,000 from accounts receivable procedures. Continue reading How to Write Accounts Receivable Procedures
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. Continue reading 5 Ways Payment Speed and Efficiency Improve the Customer Onboarding Process
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? Continue reading What Financial Mistakes Put Business at Risk?
When you deliver goods or services and you extend a business customer credit by accepting a promise to pay (accounts receivable) later through an invoice, then in a sense you are loaning your customers cash. During the whole process of acquiring loans, the first question every person must think about is whether the loan is essential at that moment or not. Does your credit policy protect your business cash?
Continue reading Does Your Credit Policy Protect Your Business Cash?