To fulfill the requirements of immediate cash is done through by applying early payment discount on account receivable. By giving a 1 % discount you can save up to 18% of the interest. In this presentation, learn how and when you need to apply the discount on account receivable and how it is beneficial for … Continue reading Discount on Accounts Receivable
8 small business cash flow management strategies to maintain accounts payable, accounts receivable and increase the profit.
In the recent times, one concept that has become popular is hiring an outsourcing service provider to outsource your time-consuming and important tasks that you want to be completed efficiently. These tasks and operations can be related to Accounts, Data entry or E-commerce product entry etc. Some entrepreneurs still make mistakes in selecting the right … Continue reading 5 Things to be Done Before Hiring an Outsourcing Service Provider
It’s not an easy task to hunt a right accounting firm for your business. Many entrepreneurs assume that they can manage accounting activities in a discrete manner, but in the end, everything is messed up. Then you have a second option to hire an in-house accountant, but that is too costly and to coordinate them … Continue reading Hire Right Accounting Firm by Considering these points
Insurance policy administration software supports insurers in handling life, health and another type of insurance plans. Insurance policy administration solutions enable insurers to establish and execute new life, annuity, pension, as well as medical insurance products for customers. Making use of such platforms, agencies can plan new insurance policies, estimate policy expenses, and keep track … Continue reading Different Software Choices for Effective Insurance Policy Management
In every business, organization accounts payable and accounts receivable play an important role. The healthcare organizations are not an exception in this regard. In a healthcare firm, the main functions are obviously related to patient care. So there is always a chance of healthcare accounts receivable and healthcare accounts payable functions getting ignored. Not giving … Continue reading Why Medical Companies Need to Automate Accounts Payable and Receivable functions?
Insurance policy administration is among the most important functions in an insurance organization. The right insurance policy administration services can help in bringing positive changes to your insurance business. An astute policy management system can offer the capacity to change the business completely by offering the dynamic content required for changing customer preferences. It also … Continue reading Right Policy Management System to Transform the Insurance Business
It really is apparent that nowadays the majority of businesses are transitioning towards e-commerce setups; this is not just on account of modern market development but additionally easy-to-manage functions offered by various ecommerce platforms. Our industry practical experience has shown us that setting up an ecommerce shop and populating it with couple of products is … Continue reading How Beneficial is it to hire an eCommerce Data Entry Company?
Accounting for insurance companies involves various important functions like billing of premium balance services, document management, accounts payable services, accounts receivable services etc. It is one of the most important functions and should be offered greater value. Maintaining these functions properly helps the insurance industry in successfully taking very important decisions in their day to … Continue reading 6 Reasons Why Accounting can’t be ignored in an Insurance Company
In order to ensure that bookkeeping operations remain in order, business entrepreneurs need these tips which can help in ensuring the efficient execution of bookkeeping practices.