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SAP Business ByDesign: Small on the SME’s budget, but big in potential

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Imagine your enterprise resource planning (ERP) system as a motorbike that gets your business to its goal. You would want it to get there as fast as possible, and yet be customised to your needs.To build the bike, you could assemble it part by part, which would take considerable time and effort, delaying your journey. An easier and faster solution …

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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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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 — …

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Three Reasons to Use Credit Cards as Business Cashflow Tools

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This blogpost explores the top three reasons why companies should be using their credit cards as cash flow tools for their business, and how they can be putting business expenses such as rent, payroll and supplier invoices on credit cards. Credit cards have a special place in our hearts, as well as our wallets. The average Singaporean owns between 4 …