September 26, 2024
Charles Lutwidge
What is Payment Reconciliation?
Achieving sustainable growth necessitates minimizing losses and allocating funds to development. Companies lose 5% of annual profits due to inconsistent financial records. Embracing time-tested payment reconciliation practices is the only way to proactively fix discrepancies and ensure that accounting records...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
September 18, 2024
Charles Lutwidge
What Is Accounts Receivable (AR) Automation?
Maintaining a company’s financial health involves monitoring payments for delivered products. Tracking accounts receivable (AR) allows firms to collect money in time and ensure that there will be enough cash to cover current expenses. Building a sustainable business necessitates processing...
September 10, 2024
Charles Lutwidge
What is Accounts Payable (AP) Automation?
Entering and verifying data across accounts payable (AP) is tedious, as employees waste time waiting for approvals. Even though processing invoices manually is arduous and time-consuming, only 31% of companies leverage AP automation to expedite workflows. Recognizing the untapped potential...
September 04, 2024
Charles Lutwidge
How Recurring Billing Can Benefit Business?
The rise of the digital economy, where services are delivered via the Internet, changes how ventures interact with customers and process cash flow. Nearly 70% of company owners highlight that subscription business models open limitless prospects for them. However, shifting...
September 02, 2024
Charles Lutwidge
A Guide to Retainer Fees for Lawyers
Each legal case is a complex challenge that requires deliberate analysis, strategic planning, and a deep understanding of the law. Lawyers must navigate the specific circumstances, study previous precedents, and dive into individual client needs to achieve the best possible...
August 30, 2024
Charles Lutwidge
Hotel Budgeting Process: How to Prepare Hotel Budget?
There are more than 1.5 million luxury hotel rooms worldwide, and this number is projected to increase by 12% by 2033 because the tourism industry has finally started growing after the pandemic crisis. As a lodging owner, you should masterfully...
August 23, 2024
Charles Lutwidge
What is Legal E-Billing?
The average time to process an invoice manually is nearly 14 days. It is irrational to spend so much time in today’s dynamic business environment. That is why small and mid-sized legal companies consider “process automation” and “implementation of new...
August 09, 2024
Charles Lutwidge
A Guide to Financial Reporting Automation
The global trend toward automation of business workflows is actively changing accounting systems. Financial reporting automation transforms traditional manual processes of report preparation by incorporating technology to improve efficiency, accuracy, compliance, and overall decision-making capabilities. This advancement simplifies the tasks...
