Every sales process concludes with the collection of the necessary money; yet, due to late payments, not all businesses have a streamlined sales process. Every small business relies on these payments to survive and run properly. A proper invoicing system is essential for ensuring that payment procedures are effectively explained to customers. A company that…
Switch to better account receivables management with BFM
On an average, 90% of invoices in India are still handled manually and, 12% to 15% of them require a payment reminder. As a business takes more time to collect the receivables, the need to fill the cash crunch increases, thereby increasing the demand for working capital. Account receivables is the money that an organization would get from their customers who have purchased goods or…
How to collect payments faster from debtors?
Are you spending restless hours checking payments from your customers, debtors, or partners? Is your finance team battling to tally transactions and reconciling them? Was that a YES, YES, YES, YES? “According to a survey, 79% of small businesses have struggled to pay a supplier and have faced cash flow issues, up from 71% pre-pandemic in 2021” As a result of these cash…
Why Use Tally on Mobile with ZikZuk BFM?
In this fast-paced business world, growth is inevitable! When a company is founded, it aspires to reach a certain point. This point is what we call ‘Growth.’ Numbers are critical to the success of any company. Revenue, expenses, overheads, inventory, sales figures, and profit are all significant figures. Small business owners are frequently preoccupied with day-to-day operations, which makes it difficult to grasp the…
Integrate BFM with Tally and Simplify Business Finances
82% of businesses fail due to poor cash flow management, according to research carried out by a US bank. Business finance metrics have always been difficult to manage and have become the primary reason behind business owners’ worry, but now you can put an end to it. You must be wondering how? The simple solution to all your business finance issues is Business Finance Manager (BFM). Just integrate BFM with Tally and get 360 degrees visibility…
Improve Sales Experience with ZikZuk Technologies
The sales process ends with the receipt of the due amount, but businesses suffer from the non-payments after the sales. The poor sales experience can be an important reason for the starting of invoicing. Invoicing is the process of sending out invoices, a document requesting the due payment from customers. A business depends on these…
Financial Planning made easy with ZikZuk Technologies
Almost every activity in a business is supported by money. The management of such large amounts of money is what we call finance. It starts with financial planning. It is the process of evaluating the current financial position and strategizing for the long-term objectives of a business. It keeps the company in check and avoids…
Cash Flow Management Made Easy With ZikZuk Technologies
Many researches in India and outside cited 84 out of 100 businesses are hurting from poor cash flow management. You might be earning profits but still struggling to pay your bills due to a lower cash balance. Hence, if more cash is going out than coming in, the business suffers from poor cash flow management….