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Month: November 2021

Cash flow Management

Top 5 Cash Flow Tips Every Business Owner Needs

Posted on November 30, 2021

Every organization believes cash is king, but only 33% use a business intelligence tool to manage their cash flows. For those who use accounting software, creating entries, sending invoices, and following up for payments is most often a manual process, which requires time to monitor cash flow and make a report. Additionally, according to a recent survey, 74 per cent…

Business Intelligence platform

The Impact of Bad Debts on an SME

Posted on November 22, 2021November 16, 2022

Businesses rely on income received from sales to pay off their expenses and other company operations. However, in every organization, there’s some uncertainty of debtors not paying dues because of an unexpected liquidity crunch. Especially during the pandemic when many businesses have faced losses, bad debts have become common across every industry.   An increase in bad debts has various consequences. They…

Business Finance Management

How to streamline credit control process for small businesses?

Posted on November 12, 2021November 23, 2021

Every business owner, large or small, needs to ensure that their customers are paying on time. As the recovery of debt is often time-consuming and unsuccessful, having proper credit control measures in place helps businesses manage cash flow better.   What is Credit Control?   Credit control is explained as the lending technique used by banks, financial firms, and business owners to lend money to consumers. Credit control focuses…

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