Supply chain finance is the heart of many businesses—providing liquidity to suppliers and buyers by ensuring smooth transactions and mitigating supply chain risks. Today’s dynamic business landscape demands proper cash flow management and financial optimisation. At the very core of this is the end goal of improving collaboration and efficiency among trading partners, optimising operations, […]

What procurement challenges are businesses facing in 2024? We explore some key challenges from incorrect data, risk management, and more. When it comes to procurement, many companies will agree that it is one of the most important aspects of running a business because it ensures that the necessary services are acquired efficiently. It is not

Meeting shipment cut-off time is one of the top priorities of many businesses when it comes to dispatching products to waiting customers and ensuring valuable materials reach their destination on time. However, manual handling of sales orders has a risk of causing a delay in your supply chain operations. Document backlogs can also put pressure

As technology gets more advanced by the day, manual document management stands as a constant challenge for suppliers. There are chances of losing an important document in a sea of paperwork which can lead to processing delays. It can also be frustrating to be constantly following up with customers regarding the status of documents. The

In last’s week poll, we looked at the advantages of accounts receivable automation. However, this week our latest survey focuses on what businesses believe are the main disadvantages of accounts receivable automation. Accounts receivable automation, as we know, offers efficiency and agility in financial management for businesses. Despite its many advantages, it also has several

Day Sales Outstanding (DSO) is a critical financial metric that measures the average number of days for a company to collect payment after making a sale. In particular, it shows how effective your cash flow is. Now, picture this: A business is expecting timely payment after delivering a service to its customer. Days and weeks