For many businesses, the traditional invoicing process is a headache. Between "lost" email excuses, accidental deletions, and the lag time of manual...
The Financial Back Office
Supply Chain Mapping
Why Supply Chain Mapping is Essential In the traditional view of finance, a "supply chain" is something that happens in a warehouse; however, your...
Fixed and Variable Expenses
The back office is often judged by one metric: predictability. A "surprise" in the middle of a fiscal quarter is rarely a good thing. To maintain a...
Accounts Receivable
If you’ve ever sent an invoice and waited for the check to arrive, you’ve dealt with accounts receivable. It’s the bridge between making a sale and...
Supply Chain Management
The journey of a product from its initial components to the hands of the end-user is incredibly complex. This network of processes, organizations,...
Single Source of Truth
In recent years, companies have been simultaneously drowning in the sheer amount of data but also in desperate need of certainty. Have you ever been...
The Parts of an Invoice
Decoding Your Bill For those not familiar with invoices, it may feel like a jumble of numbers, letters, and jargon. "I'll just look at the total...
Remittance
The financial back office handles the critical processes that ensure transactions are completed accurately, securely, and compliantly. Among its...
Reconciliation
In business finance, you have your books (your internal records), and you have your bank statement (the external reality). In a perfect world, these...
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