Having a well-established process for receivables management is essential for achieving optimal cash flow. The goal of account receivables management is to achieve an optimal level of trade credit to offer customers and handle that credit. Selling on credit is…

According to a survey conducted during the CFO virtual agenda, almost 30% of senior finance executives revealed that they had recognized order to cash automation and invoice reconciliation as a necessity in the aftermath of Covid-19 pandemic. Automatizing manual, noncomplex…

Fintech, short for financial technology, is one of the fastest-growing industries and it is expected to grow at an even faster rate in the next 5 years. You have undoubtedly come across the term multiple times, often next to some…

Here are the two traditional revenue recognition criteria that must both be satisfied before revenue can be recognized: The seller has to do something, the work, and The buyer has to do something, pay or provide a valid promise to…

        So you’ve read our article on some of the costs associated with selling on credit and decided to take the risk. Great! Selling on credit will set you apart from your competition and increase your customers’…