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Cash flow forecasting is a vital skill that financial professionals invest a lot of time and resources in improving. Accurately predicting revenue and expenses can greatly benefit business operations. Armed with this information, managers can make timely
In the realm of managing accounts receivable and maintaining healthy cash flow, understanding Days Sales Outstanding (DSO) is crucial. DSO measures the average time it takes to collect payment on credit sales and provides insights into collections
With fraud and theft on the rise, the FBI has reported that since 2014, Business Email Compromise (BEC) and invoice fraud have cost U.S. businesses over $2 billion across all fifty states and 177 countries. Therefore companies
The first wave of automation in finance happened in the 90s, with the popularization of enterprise resource planning systems or ERPs. The finance function has since evolved, with the COVID-19 global pandemic speeding up the transformation of
No matter your enterprise's nature, any business's ultimate aim is to secure its payments. A cash flow management system helps improve cash management and payment processing. Implementing the best practices for a B2B cash management system requires