2023-07-31 17:51
Introduction to financial assets
Financial assets are fundamental building blocks of the investment landscape and are vital in wealth creation and capital allocation. Financial asse… Read More
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How Real-time Spend Visibility Enables Smarter Decision Making Blog
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Technology innovation has brought about several changes in the functioning of today’s enterprises. But, there are still some processes where companies struggle to bring inefficiencies. Expense management is one of them. Travel and entertainment (T&E) expenses contribute to a greater share in expense management in large organizations. Managing this travel spend is a huge challenge for large enterprises. The possible benefits of real-time tracking and analysis is immense. We have tried to include some of these benefits into our Happay Travel and Expense management solution.
2023-07-31 16:42
What is the financial system?
The financial system refers to the network of institutions, such as banks, insurance companies, markets, and stock exchanges. The primary function of the fin… Read More
2023-07-27 11:07
Introduction to financial analysis
Whether individuals, small businesses, or large corporations, financial analysis is critical to understanding and evaluating financial health. Analyzing… Read More
2023-07-27 08:58
What is an income statement?
An income statement is a mirror that reflects a business’s fiscal complexion, often leaving employees scratching their heads and investors squinting the… Read More
2023-07-25 11:38
Introduction to financial planning
Financial planning is a catalyst that propels an organization while safeguarding them from failure during uncertain times. Whether you are a startup wit… Read More
2023-07-25 10:44
Introduction to financial statement
Imagine a bustling boardroom packed with executives and stakeholders awaiting the release of the company’s financial performance. The room falls… Read More
2023-07-24 12:21
Introduction to R2R process
Do you often find yourself or your finance & accounting teams spending hours manually collecting data from different sources for financial reports? Then th… Read More
2023-07-24 11:19
Introduction to RFQ
The business world is full of acronyms that sometimes look like secret codes. RFQ (Request for Quotation) is one such acronym in the procurement process. Now, you may… Read More
2023-07-21 12:36
Introduction to supply chain finance
Supply chain finance offers a lifeline to companies looking to optimize their working capital and streamline their financial processes. At the same ti… Read More
2023-07-21 10:42
Introduction to supply chain management process
An efficient supply chain management process ensures the smooth flow of goods from suppliers to end customers. However, many organizations… Read More
2023-07-21 09:18
Introduction
Imagine a ship navigating the rough seas. The captain needs to know both his current position and his course toward the destination. Similarly, in the vast ocean of business… Read More
2023-07-18 08:31
Introduction to cost accounting
Cost accounting stitches the fabric of financial planning, performance evaluation, and decision-making into a coherent whole. No matter the size, whether y… Read More
2023-06-25 16:28
Introduction
The procurement life cycle and effective management are important to an organization’s financial success. Understanding the intricacies of the lifecycle and implementin… Read More
2023-06-25 15:36
Introduction
In a conversation about streamlining procurement processes and improving purchasing strategies, how much are you able to contribute? To display sufficient knowledge, you must… Read More
2023-06-25 11:56
Introduction
The GST act was implemented in 2016 in India. Since then, it has proven to be a step towards transformative transparency.
With the introduction of GST, the domino eff… Read More
2023-06-22 09:17
Introduction to distribution channel
Imagine this: you have a remarkable product, meticulously crafted to meet the needs of your target customers. But how do you ensure that it reach… Read More
2023-06-20 10:33
Introduction to procure to pay software
A procure-to-pay software plays a pivotal role in driving efficiencies in the procurement process. This involved procure-to-pay process demands met… Read More
2023-06-13 08:51
Introduction
The global procurement software market size is expected to grow at a CAGR of 7.6% from 2021 to 2028 and reach USD 9.5 billion. As companies strive to optimize their purchasin… Read More
2023-06-12 18:29
Introduction
Purchasing software is a critical asset for organizations that aim to enhance their procurement process. The right purchasing software can lead to a 25% reduction in cost and… Read More
2023-06-12 13:56
Introduction to audit software
Companies are faced with complex regulatory requirements and the need for robust internal controls.
Auditing is an important process that helps mea… Read More
2023-06-12 09:44
Introduction to workforce management software
“63.3% of workplaces state that retaining employees is harder than hiring them.”
Workforce management has become increasingly… Read More
2023-06-11 18:51
Introduction to HR software
It may be easy to keep tabs on employees when a company is starting. However, as you grow, onboarding to ensure each employee’s benefits information is m… Read More
2023-06-09 17:57
Introduction to BPM Tools
Companies strive to streamline operations, enhance productivity, and drive sustainable growth. While they can do it manually, it becomes tougher with continuous… Read More
2023-06-09 09:08
Introduction to banking software
Banking software ensures the seamless execution of operations that keep the economic world spinning. From the simplicity of checking balances on your smar… Read More
2023-06-08 18:58
Introduction
Treasury management systems are unsung heroes in the corporate world as they provide a real-time overview of cash flows, aiding in intelligent decision-making. Whether you&rs&hell…Read More
2023-06-08 17:52
Introduction to core banking solutions
Banking has evolved incredibly since its inception. The earliest form of banking was seen in religious temples, where people stored their wealth. Ba… Read More
2023-05-30 09:14
Introduction to cash flow statement indirect method
A cash flow statement tells a lot about a company’s financial health and performance. You can create them through the direct and… Read More
2023-05-29 06:56
Introduction to enterprise software
Enterprise software is a system designed to meet the needs of large organizations (or enterprises), such as corporations, governments, and non-profit i… Read More
2023-05-26 09:49
Introduction
Inventory management is one of the most difficult functions of any company. When it comes to inventory, too much is too risky, and too little is not enough. While inventory m… Read More
2023-05-24 11:13
Who needs payroll software anyway?
Introduction to payroll software
What is your company’s biggest expense?
While enterprises have a plethora of expenses to manage, in m… Read More
2023-05-19 11:12
What is e-invoicing software?
E-invoicing software is a superhero in the business world. It helps companies streamline their invoicing processes and save valuable time and money. Wh… Read More
2023-05-18 18:39
Introduction
Bookkeeping software records and manage various financial transactions. It keeps track of income, expenses, assets, liabilities, and equity. Accountants use this software to… Read More
2023-05-11 12:31
What is finance software?
You have undoubtedly heard of the phrase “count your pennies,” but have you heard of counting your pennies with a digital eye? It is essentially the… Read More
2023-05-11 11:45
Are you tired of your organization’s purchasing process feeling like a chaotic mess? Do you feel like there needs to be more control and accountability when it comes to procurement act… Read More
2023-05-10 16:26
Introduction
In today’s fast-paced business environment, the order to cash (O2C or OTC) process is critical to an organization’s financial performance. An optimal O2C process… Read More
2023-05-10 06:03
GST billing software
As of September 2021 over 1.2 crore businesses are registered under GST – this means the importance of accurate and efficient billing is now bigger than ever. W… Read More
2023-05-09 13:03
Introduction
Manual tasks and to-dos are not easy to track. Over 40% of workers spend a quarter of their work week on repetitive tasks.
While it could seem easy in the beginning, it&rs&hell…Read More
2023-05-09 06:22
Vendor management is like assembling a puzzle. You need to put the right vendors together and ensure they fit. It creates a fantastic supply chain, ultimately contributing to business growth… Read More
2023-05-06 17:42
Introduction
According to a report by Statista, the global POS software market is expected to reach $30.8 billion by 2024, with a compound annual growth rate (CAGR) of 15.1%.
Wit… Read More
2023-05-06 13:50
With the rise in healthcare costs and an aging population, there’s steep demand for medical services globally. In the US alone, healthcare spending is projected to reach $6.2 trillion… Read More
2023-05-06 10:54
Introduction
Are you tired of manually calculating bills and keeping track of all the restaurant orders? Well, you’re not alone! According to a recent survey, 68% of restaurant owne… Read More
2023-05-05 08:18
Invoice discounting
Are you struggling to keep up with the cash flow of your company? Have you ever heard of invoice discounting? If not, let me give you a brief introduction.
In… Read More
2023-05-04 18:28
What is a billing cycle?
A billing cycle refers to the interval of time between the dates that a company issues invoices to its customers for goods or services provided, and the due date… Read More
2023-05-04 17:34
What is a billing statement?
A billing statement is a document that summarizes the financial transactions between a customer and a company during a specific period. It includes all the pu… Read More
2023-05-04 16:55
Tax invoice
A tax invoice is a document that outlines the details of a transaction between a buyer and a seller. It typically includes information such as the name and address of the sell… Read More
2023-05-04 15:24
What is e-billing?
E-billing, or electronic billing, is the process of generating and delivering invoices to customers electronically, rather than in a physical paper format. E-bill… Read More
2023-05-04 13:14
Introduction
Are you tired of dealing with billing issues? You’re not alone! Did you know that 60% of small businesses struggle with invoicing and payment collection? But don… Read More
2023-05-04 12:33
Invoice and Bill
Invoices are essential documents that keep the gears of business turning. An invoice is a bill a seller sends to a buyer for goods or services rendered. It’s a tran… Read More
2023-05-04 10:44
Introduction
Capital expenditure refers to the costs incurred in acquiring or improving long-term assets, while revenue expenditure refers to the costs associated with running the busines… Read More
2023-05-03 16:49
What is billing?
Billing refers to the process of invoicing customers or clients for goods or services provided. It involves sending a bill or invoice that outlines the charges and paymen… Read More
2023-05-03 13:59
What is a commercial invoice?
If you’re a large-scale manufacturer, you’ll need to understand a commercial invoice and why it’s crucial for your international business o… Read More
2023-05-03 09:38
What is capital investment?
Capital investment refers to the process of investing money in a business with the goal of generating future profits. It is a long-term investment that is made… Read More
2023-05-03 09:34
What is an invoice?
An invoice is a document that gives the transaction information between a buyer and seller, including the products or services provided, their quantity, price, and pay… Read More
2023-05-03 08:18
The cost of capital is like the entrance fee to the financial playground.
What is cost of capital?
Cost of capital is the price a company incurs to borrow money or raise capita… Read More
2023-05-02 16:16
What is capital budgeting?
Who doesn’t want to be a smart spender?
Capital budgeting is the art of deciding how to spend your company’s money wisely. Basically, it is the… Read More
2023-05-02 11:22
What is working capital?
“Can’t a company just use its profits to cover its expenses?”
Well, technically, yes – but that’s not always the case. Some… Read More
2023-05-02 11:11
Procurement KPIs
Procurement is the critical process of obtaining goods and services from external sources. With the procurement software market size projected to reach USD 9.5 Billion by… Read More
2023-05-01 12:45
What is a cash flow statement?
A cash flow statement is a financial report that shows the flow of cash in and out of a company. It’s like a map that helps you understand where the m… Read More
2023-04-28 13:10
What Is a Proforma Invoice?
It’s a preliminary bill issued by a seller to a buyer before shipment or delivery. It outlines costs, taxes, and shipping charges, providing the buyer wi… Read More
2023-04-28 10:42
Sourcing and Procurement
A supply chain is a competitive advantage that many enterprises ignore until something is broken.
According to Zumen, 69% of organizations don’t have tot… Read More
2023-04-28 10:25
What is depreciation?
Depreciation is the gradual decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors that cause the asset to become less usef… Read More
2023-04-27 12:26
What is an invoice?
It is a legal business document that assures parties of payment for goods provided or services rendered. An invoice is a piece of paper (or electronic record) that can… Read More
2023-04-25 12:39
Project management software
According to PWC, 77% of high-performing teams use project management software to manage their projects.
Geographically dispersed teams, remote working op… Read More
2023-04-25 12:30
A combination of multiple business processes constitutes a company. Time tracking, contact management, team collaboration, and workflow management are aspects that owners need to crack, rega… Read More
2023-04-25 08:43
What is OCR Software?
OCR software, or Optical Character Recognition software, digitizes the manual aspect of your workflows. It helps to convert images into machine-readable text files… Read More
2023-04-24 14:28
Modern businesses rely on external vendors for various services and products. Their services are crucial to an organization’s day-to-day operation, making them pivotal in any company&r&hell…Read More
2023-04-23 17:27
Introduction to financial accounting
“Accounting is the language of business.” — Warren Buffett
Accounting is an essential business language, as it clearly communicat… Read More
2023-04-22 11:03
What are CapEx and Opex?
Capital expenditure (CapEx or capital expenses) refers to the spending of money on assets that have a long-term benefit to the company, like property, plant… Read More
2023-04-21 08:54
Procurement software
Today’s highly competitive business landscape requires companies to optimize their procurement processes to stay ahead of the curve. According to research, orga… Read More
2023-04-20 14:26
What is a balance sheet?
A balance sheet is a powerful financial statement that offers a precise picture of a company’s financial status at a specific time. It provides an insightfu… Read More
2023-04-20 10:11
Assent management software
Taking care of assets is super crucial for the success of any organization in today’s fast-paced business world.
However, only some people do it… Read More
2023-04-19 12:35
Source-to-pay (S2P)
Strategic procurement catalyzes business growth by sourcing high-quality raw materials from reliable suppliers.
Finding these suppliers, negotiating agreement… Read More
2023-04-17 12:25
Looking for Odoo alternatives?
Odoo helps businesses streamline expense management and accounting processes. It provides a user-friendly interface with features like invoicing, expense ma… Read More
2023-04-14 14:19
Purchase order (PO)
A smooth purchase order (PO) process is crucial for accounts payable process efficiency.
The real challenge is managing purchase orders manually. Organizations usin… Read More
2023-04-12 10:41
What is ERP Software?
ERP Software or Enterprise Resource Planning Software forms a vital link between all the critical core processes of a business. For instance, in any organization, th… Read More
2023-04-12 10:16
A good plan helps you work around obstacles and hit goals.
The same applies to business and personal finance. Whether you’re looking to build wealth, protect assets, or devise… Read More
2023-04-11 17:47
Petty cash is a small amount of money kept by companies in cash form to use for frequent, but small, business expenses.
Although it’s an easy way to ensure employees don&rsquo&hell…Read More
2023-04-11 13:05
Financial management tools
As a CFO or VP of finance, you want to create long-term financial visions and ensure positive cash flow.
You’ll have little time for any of that… Read More
2023-04-11 11:05
Virtual CFO
When a company is in its growing phase, they need to take control of its finances effectively.
The best way to do that is with a chief financial officer (CFO), who ca… Read More
2023-04-07 13:34
Petty cash is a small amount organizations keep on hand for minor expenses like office supplies. But do you know, despite its small amount, petty cash can quickly add up and increase the sco… Read More
2023-04-07 09:48
Petty cash reimbursement
Petty cash reimbursement is a common practice in organizations that enables the replenishment of petty cash funds and allows employees to get reimbursed for expen… Read More
2023-04-07 09:40
Business budgeting
When running a business, be it a new or an evolved enterprise, one of the most crucial areas to tackle and take charge of is bookkeeping, or, to be more precise: busine… Read More
2023-04-07 06:24
Introduction
Keeping business finance in check isn’t a walk in the park. It’s a tedious and overwhelming task that turns you into a close but error-prone relative of a human c… Read More
2023-04-06 13:38
Imagine this situation. You need to make a quick cash purchase for your organization but don’t have the time or resources to go through the standard expense reporting process. That&rsq&hell…Read More
2023-04-06 11:55
Financial modeling
It’s important to constantly evaluate your financial situation to handle potential risks and prepare for the future.
You must identify cash trends, spot… Read More
2023-04-05 11:17
Budgeting and Forecasting
Achieving strategic goals and optimizing performance is essential for the growth of any company. Two key processes involved here are budgeting and forecasting.&n&hell…Read More
2023-04-05 07:33
Business expense categories
Running a company can feel like a constant juggling act. You have customers to satisfy, meet deadlines, and manage finances. And when it comes to expenses, it… Read More
2023-04-03 10:52
Mileage for travel
As an important business decision-maker, you must fully understand the importance of optimizing every aspect of your company’s operations, including employee reim… Read More
2023-04-01 14:48
Are you confused about choosing the best expense management software and want to know the right solution for your organization? Want to know which is the best Expense Management software, Ex… Read More
2023-03-31 12:11
Introduction
Expensify vs. Concur? What’s better?
SAP Concur and Expensify are category leaders in the T&E expense management SaaS industry. They have a lot of similar featur… Read More
2023-03-30 13:05
Coupa vs SAP Concur
Coupa vs. Concur, which one do you think is better for your organization? This is not a question that can be answered in a single word or a sentence. We do all the har… Read More
2023-03-30 08:47
Chrome River alternatives
Looking for the best Chrome River competitors and alternatives? From what are the top six Chrome River alternatives to Chrome River pricing, we have mentioned it… Read More
2023-03-29 18:04
Managing payments globally is like conducting an orchestra with several musical instruments.
Just like musicians play the instruments harmoniously to create melodious music, enterpr… Read More
2023-03-29 12:53
Spotnana alternatives
Travel management simplifies the overall processes involved around travel expenses, management, and strategies. It is meant to help businesses and employees optimize… Read More
2023-03-28 09:26
American Express alternatives
Corporate credit cards are a crucial tool for businesses of all sizes. They provide an easy and convenient way to manage expenses, track spending, and earn r… Read More
2023-03-27 16:34
Managing and tracking cash flow becomes tricky with several variables at play. After all, isn’t cash flow business’ lifeblood?
Even renowned companies can quickly grind to a h… Read More
2023-03-24 17:35
Are you tired of shuffling through stacks of receipts and spreadsheets to track your business expenses? It doesn’t have to be this way. Automating your spend analysis can help you gain… Read More
2023-03-24 13:14
Prepaid cards are issued by banks and financial institutions for physical or virtual transactions. They come loaded with a predetermined sum of money. Customers can use only the money loaded… Read More
2023-03-24 12:40
Payment solutions
Online payments are a necessity for any business that wants to thrive in the digital age.
According to Statista, the global e-commerce market is expected to reach a r… Read More
2023-03-22 11:20
Vendor payment software
It is no secret that the success of your business depends on how well you manage your operations. An efficient company handles its business seamlessly like a well… Read More
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