White Paper: Basware
Electronic invoicing delivers efficiencies across the accounts receivable cycle: invoice creation, invoice delivery, dispute management, posting, and reporting and analytics.
Most importantly, reducing Days Sales Outstanding (DSO) with electronic invoicing enables businesses to reinvest more quickly to drive company growth.
This white paper details the inefficiencies of paper-based billing processes, and shows five ways that electronic invoicing accelerates the accounts receivable cycle, and, in turn, greatly reduces DSO.
Invoice preparation: With electronic invoicing, businesses can virtually eliminate the time required to prepare invoices.
Invoice presentment: Sending paper invoices internationally can add days or weeks to the invoice delivery process.
Dispute resolution: Resolving disputed invoices
Posting: Consolidating payments and remittance information received via various channels
Reporting and analytics: To manage all of their invoices from a single place for complete visibility and control across their accounts receivable processes
By: NUCLEUS RESEARCH
With ''Adaptive Insights'' companies of all sizes and industries can plan smarter, report faster and analyze better for transforming business performance. Companies needed adaptive insights to perform financial planning and analysis (FP&A) in a consistent and reliable way across the operations of its plants. The organizations uses SAP and Hyperion for global consolidation, but lackes a common tool to perform planning and analysis at the local level. Key features this descriptive whitepaper on ''Adaptive Insights'' focuses are: What are the key advantage of Adaptive insights? How can implementing an Adaptive Planning solution allow managers to create more concise, and accurate budgets and forecasts? How Adaptive Insights can provide better visibility, and the ability to analyze and understand value stream performance? How to evaluate Adaptive Planning based on your organization’s needs? How to quantify and calculate the ROI for company’s investment in its deployment of Adaptive Planning?
An efficient budgeting, planning and forecasting (BP&F) process is a cornerstone of successful organizations, with each stage providing a blueprint of a how the company will achieve its financial goals. The budgeting process plots company expenditures and provides supporting detail documentation; the planning process outlines the company’s short- and long-term financial direction and expectations; and the forecasting process predicts financial outcomes based on current and past performance. As many finance teams will attest, “budgeting season” is a time of enormous pressure as departments cope with constantly changing market conditions which influence financial plans, and must make resources available to deal with the time-consuming, complex planning process.
What is Invoice ?
An invoice is an official statement of payments issued by the seller to the buyer describing the number of items sold, rate of each item, date and time of shipment, and the total price payable by the purchaser. An invoice is also referred to as ‘bill of sale’ or ‘contract of sale.An invoice, therefore, serves as a vital document carrying all the detailed information of the products or services offered by the vendor.
What is Business ?
By definition a business is an organization or economic system with consistent and typical exchange of produced goods and offered services for one another or for money to fulfill human needs. Types of businesses, Non-Profit business: This is a type of business with charitable or educational goal rather than earning money from its services.
What is accounting ?
In financial transactions of business— the systematic recording, reporting, and analysis are termed as accounting. It is a system that is used to measure business activities, process information and help aid in making relevant business-related decisions. Usually, accounting is referred to as the ‘language of business’, hence the better the understanding of language— better are the decisions made. The basic accounting terms include terms like revenues, liabilities, assets, expenses, balance sheet