Every time you run payroll, there will be expenses a business owes but has not paid. These are called payroll liabilities and can include employee compensation …
PayPal Alternatives
PayPal isn’t the end-all, be-all when it comes to online payment systems. Take the time first to really understand your core business needs. What are the top …
OFX vs Transferwise
OFX makes money on the profit margin between the mid-market exchange rate and their retail rate. Wise makes its money primarily in transaction fees.
Inventory Management
An inventory management system tracks an item from the moment of purchase through its time of use. The best methods include detailed records of all materials to…
Square vs PayPal
Square and PayPal are two of the biggest names in the payment processing industry, which makes it tough to decide which to buy. Both platforms provide core feat…
Vendor Fraud
Vendor fraud thrives in organizations where just one employee vets vendor invoices. Hence, to prevent it, invoices should be vetted by two or more employees fro…
Concur Competition & Alternatives
Although Concur and Tipalti both help companies automate their accounts payable processes, each platform is designed with different features and solutions for f…
AvidXchange Competition & Alternatives
AvidXchange and Tipalti both help companies automate their accounts payable processes, each platform is designed with different features and solutions for finan…
Correspondent Bank
The correspondent bank receives instructions to process a transaction such as a funds transfer, settlement, currency exchange, etc., along with the requisite fu…
Transferwise vs Payoneer
Transferwise and Payoneer are two distinct online payment services that are unique in functionality, concept, and target audience. To compare, you should consid…
Stampli Competition & Alternatives
Selecting the AP Automation solution that fits your business’ needs is an important choice, especially for growing teams that need a solution that can scale w…
Blanket Purchase Order
A blanket purchase order works in your favor the majority of the time, as long as the procurement process is strategically planned and organized. If the market …
Digital Purchase Order
A digital purchase order (DPO) is an electronic document that outlines the terms and conditions of a transaction between a buyer and a seller. They are typicall…
W9 Automation
Automated W9 management helps tremendously with tax compliance but there are several other factors that make digitization an attractive strategy. Automation cut…
Iban vs Swift
IBAN vs. SWIFT codes are both internationally recognized for identifying bank accounts when a transfer is being made. The specific identifier required depends o…
Fintech Stats
There are a lot of general arguments to make for the fintech market and working this into your business model. When it comes to market share and data analysis, …
Accounts Receivable
The term “account receivable” is when a business allows a customer to take immediate possession of a product/service, in return for a promise to pay.
SWIFT Code
A SWIFT code is a standard format used when making international transfers between banks and financial institutions. It identifies the branch, bank, and country…
Quote vs Invoice
If you are comparing a quote to an invoice, a lot of the information will be the same. The timing is typically the only thing that differs. Both documents are l…
Accounts Receivable Turnover
A company’s accounts receivable turnover ratio is most often used to quantify how well it can manage extended credit. It’s indicative of how tight your AR p…
Procurement Process
Look for automation tools that strengthen the process, minimize the chances of error, and fulfill all of your procurement needs. When managed efficiently, a str…
Accounts Receivable Process
The accounts receivable process refers to the collection, management, and monitoring of all outstanding invoices a company has from extending credit to customer…
Routing vs Account Number
There are many scenarios in which you may need to provide a bank routing number and account number, so it’s important to have this information on hand. The most…
Accounts Receivable Cycle
The full cycle of accounts receivable starts at the sale and delivery of a product and/or service to a customer. It ends when that customer is invoiced and pays…
