Did you know that the ICIC Bank introduced the first financial technology? In 1988, they installed the first ATM in India, and in 1995, they also launched the country's first Internet banking system. 'Finance Technology' (Fintech) was first used in the early 2000s, but it wasn't until 2010 that it gained widespread recognition. It was…
read moreTracking your business expenses is a key activity that should not be ignored in any given month. By tracking your expenses correctly you can keep your finances ahead of time and avoid overspending. Here are a few reasons why you should keep an eye on your expenses. Prime reasons you should track and monitor your…
read moreThe development of artificial intelligence (AI) is actively pursued by leading technological companies. Recognizing AI's capabilities for enhancing day-to-day business operations, many companies have already adopted AI through the use of AI chatbots and for research purposes. Accounting and bookkeeping, in particular, are two occupations that can benefit from AI, as it can assist accountants…
read moreAP (Accounts payable) and AR (Accounts receivable) are interrelated. That’s why understanding the AR AP cycle and it is important to understand what they are.Accounts receivable refers to the sum of money a company is entitled to receive from its clients or customers against the services or products sold on credit. Accounts receivables are also…
read moreIn today's fast-paced and ever-changing world, making sound decisions is paramount to achieving financial success. Whether managing personal finances or making decisions for your business, having a strategic approach can make all the difference. In this blog, we will explore six powerful tips for financial decision-making that can help you navigate the complex financial landscape.…
read moreInventory cycle counting is an effective check-and-balance process to verify the in-stock inventory and reset any inaccuracies found in the process. inventory cycle counting eliminates the need of counting the whole inventory in a particular warehouse. A small set of items is picked instead and taken as a reference to compare it with the count…
read moreManual reconciliation is quite time-consuming and susceptible to errors. Since reconciliation is an essential aspect of every business, it becomes difficult to get an exact idea about the business finances without accounting reconciliation. Account reconciliation automation is a great way to make your accounting more efficient and fraud-free. So, what is accounting reconciliation and what…
read moreRobust financial management is the backbone of any business and it becomes even more important during a crisis.
read moreAutomation has become an essential part of our life. From chatbots to kiosks, and AI-powered gadgets, automation is everywhere. And why work hard when you can work smart? In the world of finance and accounting,
read moreA CFO or Chief Financial Officer is a key member of the C-suite of any company who manages a whole host of key duties ranging from creating strategies to financial planning and improving the quality of services. If you are looking to avail of
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