Key Takeaways Did you know that businesses can reduce invoice processing costs by up to 80% through accounts payable automation? As companies strive to streamline financial operations and eliminate manual errors, automating the AP process has become essential. But simply adopting automation tools is not enough; success lies in how you implement them. To manage […]
Key Takeaways As digital transformation gains momentum, 45% of Indian companies have begun adopting automation. In the financial sector, 65% have implemented it for financial data management and reporting, leading to a 40% drop in reporting errors with AI-driven tools. One area reaping the rewards is accounts payable. By streamlining tasks and reducing human error, […]
Key Takeaways Ever had a vendor payment rejected due to a GSTIN typo? Repeating the whole process is a hassle, but with accounts payable automation, you can avoid the chaos. According to a recent report by the Institute of Finance and Management, manual invoice processing costs between $12 and $35, with 90% of that going […]
Key Takeaways Did you know that personal loans attract a hefty GST of 18%? While the interest rate of your loan is tax-free, additional fees like foreclosure and processing charges come with this GST burden. However, the good news is you can reduce or even avoid this GST expense if you know certain factors. That […]
by Key Takeaways All growth-minded businesses consistently strive to expand their operations. If you own an MSME, you have probably faced challenges too while securing funds that could fuel your company’s growth. However, did you know that you can explore options beyond traditional business financing? Two alternative methods for raising business working capital are invoice finance […]
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