Friday, February 27, 2015
The efficiency of your accounts payable and accounts receivable processes can impact your working capital — for better or for worse. For example, a contractor who has to pay for building materials immediately but won’t be paid for three to six months is in a weak position from the start. That’s why most contractors have accounts with suppliers and require partial payment upfront from their customers.
Read more about it here, http://www.business2community.com/finance/can-optimizing-accounts-receivable-processes-strengthen-working-capital-01151342,
Electronic invoicing, or e-invoicing, like the name implies, is the electronic exchange of invoice documents between a supplier and the customer. Electronic invoicing goes beyond merely sending a PDF receipt to a customer via email. A true e-invoicing solution is an integrated solution where an electronic invoice is transmitted and received seamless between the supplier's accounts receivable system and the customer's accounts payable system. E-invoicing documents are typically exchanged in EDI or XML formats.
Read more about it from my article at http://ezinearticles.com/?Benefits-of-Electronic-Invoicing-for-Businesses&id=8912453
Tuesday, February 17, 2015
Cloud computing brings numerous benefits, especially in terms of cloud storage. For example, cloud storage is perfectly suited for data archives. It allows businesses to move less frequently used data to a cost-effective, cloud-based archive where it is secured and readily accessible.
Tuesday, February 10, 2015
Business management and business users often have conflicting ideas and concerns about data storage. From a business management perspective, moving less frequently used data off of primary storage and into an archive makes financial sense while simultaneously ensuring compliance with data retention policies. From a business user’s perspective, being able to quickly retrieve needed data, whether current or older, is crucial. Is it possible to have both?
Tuesday, February 3, 2015
While cloud solutions are often touted as a means of reducing costs, many small business owners have found that moving to a cloud-based server is actually more expensive than replacing an outdated server with a new one.