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Top Tips on Managing Late Payments

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In this article, we will be discussing a topic that to many may seem rather straightforward. Cash-flow. Maintaining a well-balanced cash flow is essential to any business from the early stages to running a mature and growing business. What is cash flow? “Cash inflow is the lifeblood of your business.” Inflow is money the company is receiving from sales, loans …

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Payment Performance of Singapore’s businesses in Q3 2018

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Why do firms pay late, intentionally? The idea of delayed payments is to balance the cash flow, so that there are enough inflows to match outflows; and that the business finance is not overly strained. As a result, cash rich businesses tends to exploit what is accepted as a ‘common practice’ by intentionally causing late payments without losing the trust …

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Accounting Tips – How to Optimise Accounts Receivable?

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In this article, we will be exploring how best to optimize accounts receivable by first understand what it is and its importance. What is Accounts Receivable? Accounts receivable is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. In other words, account receivable are amounts of money …

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Alternative Funding Options – Managing Cash Flow

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Factoring is now considered an effective way for businesses to ease their cash flow problems. Small-to-medium sized enterprises (SME’s) often struggle to find financing with banks due to the strict restrictions placed by banks such as long credit history or substantial assets. InvoiceInterchange offers alternative funding options for companies that have strong financials and are looking for ways to better …

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3 Types of Alternative Funding for SMEs in Singapore

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Alternative Funding: Overview Financing issues is one of the top 4 cost challenges faced by small and medium enterprises (SMEs). Higher interest rates for bank loans, suppliers tightening credit access and the need for more collateral are among the major reasons why SMEs are unable to achieve cost efficient financing. We will be looking into why financial institutions do not …

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Want to reduce your business costs? Here are 5 strategies to start with

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Why  An ‘Overseas’ Business Function? Suppose you are asked: What is the primary purpose of any business? What will you say? The primary purpose of any business is: To design products or services that offer some ‘value’ To convert more ‘leads’ into customers To build relationships with stakeholders To serve its community While none of these responses is incorrect per …

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Fresh Tech: Robotic Process Automation in your Cash Conversion Cycle

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Let’s say you’ve just implemented or are considering a customer-facing portal for your order-to-cash process. Good choice! It’s a great way to give customers the convenience of self-service on their time. On the purchasing side, we see companies with significant purchasing power make their purchase orders (POs) available automatically on their portal which is tied to their purchasing system — …

HR, Payroll and Accounting – The Ideal Partnership

Laura Binns Uncategorised Leave a Comment

This article is a guest blog written by Gpayroll, and originally published on the Gpayroll blog. When it comes to payroll, companies tend to have a difficult time classifying them under the appropriate department. Should payroll come under the purview of the Human Resources or Accounting department? Human Resources might seem to be more appropriate given that it is the …

The Transform! Movement

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Ahead of her session at the Accounting & Finance Show Asia next week, we caught up with Emily Mason, Customer Success Specialist at Spotlight Reporting, to hear the kind of practical information she will be sharing in her session: Q: How is the technological change affecting the role of the accountant? A: With the accounting profession slowly replacing legacy software …