September 10, 2024
Charles LutwidgeWhat is Accounts Payable (AP) Automation?
Entering and verifying data across accounts payable (AP) is tedious, as employees waste time waiting for approvals. Even though processing invoices manually is arduous and time-consuming, only 31% of companies leverage AP automation to expedite workflows. Recognizing the untapped potential...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
September 04, 2024
Charles LutwidgeHow Recurring Billing Can Benefit Business?
The rise of the digital economy, where services are delivered via the Internet, changes how ventures interact with customers and process cash flow. Nearly 70% of company owners highlight that subscription business models open limitless prospects for them. However, shifting...
September 02, 2024
Charles LutwidgeA Guide to Retainer Fees for Lawyers
Each legal case is a complex challenge that requires deliberate analysis, strategic planning, and a deep understanding of the law. Lawyers must navigate the specific circumstances, study previous precedents, and dive into individual client needs to achieve the best possible...
August 30, 2024
Charles LutwidgeHotel Budgeting Process: How to Prepare Hotel Budget?
There are more than 1.5 million luxury hotel rooms worldwide, and this number is projected to increase by 12% by 2033 because the tourism industry has finally started growing after the pandemic crisis. As a lodging owner, you should masterfully...
August 23, 2024
Charles LutwidgeWhat is Legal E-Billing?
The average time to process an invoice manually is nearly 14 days. It is irrational to spend so much time in today’s dynamic business environment. That is why small and mid-sized legal companies consider “process automation” and “implementation of new...
August 09, 2024
Charles LutwidgeA Guide to Financial Reporting Automation
The global trend toward automation of business workflows is actively changing accounting systems. Financial reporting automation transforms traditional manual processes of report preparation by incorporating technology to improve efficiency, accuracy, compliance, and overall decision-making capabilities. This advancement simplifies the tasks...
August 06, 2024
Charles LutwidgeImproving Law Firm Accounts Receivable Management
Legal practitioners face a laborious endeavor trying to close out their books without any issues. Achieving sustainable development necessitates embracing an effective approach to managing outstanding invoices. Entities facing payment delays have to address cash flow problems to meet obligations...
July 29, 2024
Charles LutwidgeWhat’s the Difference between Treasury and Cash Management
A company’s stability rests upon the capacity of its leadership to direct financial flows, attract potential investors, and mitigate risks before they manifest and damage a firm’s standing. In this guide, we will explore the subtle differences between treasury and...