Resources on basic accounting and payment terms business owners must know.
Discover what cash conversion cycle is, why it is important for business leaders to be aware of, how to calculate it, and strategies to implement to shorten yours.
Learn what strategic procurement is, what its core goals are, what the process looks like, and how to adopt a strategic procurement practice in your own organization.
Learn about purchase order (PO) systems and how they help SMBs improve their procurement processes, ensure accuracy in orders, and streamline overall financial operations.
Discover what prepaid expenses are, how they are recorded in financial statements, common examples of prepaid expenses, and why its important for small business owners to be on top of them.
Learn what capital expenditure is, what kinds of expenses fall under this spending umbrella, and how capital expenditure impacts cash flow and financial record keeping.
Discover what tail spend is and what it looks like, discuss how it impacts procurement costs, and dive into five important strategies for identifying, managing, and reducing tail spend.
Maximize your tax deductions and streamline cost tracking with a business mileage reimbursement policy. Get the essential tips to create an effective plan.
Dive deep into the world of smart cards. Explore what they are, their applications in business contexts, and how they compare to other financing options.
Discover whether accounts payable (AP) financing is right for your company. Dive into the various pros and cons associated, and compare it to common alternatives.
Learn how contract management works from the stages involved in the contract management lifecycle and best practices for using contracts and CLM software in your own organization.
Deep dive into e-receipts. Learn what they are, how they work, and why e-receipts they’re better than paper receipts in almost all cases.
An effective cost reduction strategy helps businesses right-size expenditures and improve profitability without sacrificing service quality and growth.
Learn about the importance of supplier relationship management (SRM) and how it can help to improve procurement efficiency and overall business performance.
Discover the key differences between business and personal credit cards, from eligibility criteria, interest rates, credit limits, and rewards systems.
Explore the concept of cash flow underwriting and how it can help SMBs access capital more easily and secure better borrowing terms.
