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As the saying goes, in business, you have to spend money to make money. Although the gravity of business expenditures might not be fully realized until you’re actually up and running, businesses at every stage spend money on a daily basis. Rent, payroll, new machinery, office equipment, and raw materials are just a few…
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Tracking a sale from start to finish helps businesses maintain the right inventory levels, implement the best cash flow tactics, and ensure customers are receiving the right products. Since most businesses are monitoring multiple sales at once, keeping an accurate record of every step along the way is crucial. Regardless of the business type,…
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In a year, a company may be receiving thousands of resumes from aspiring candidates. Larger companies may receive millions of resumes. It is necessary for them to build a database of resumes. Manually handling and organizing resumes and analyzing them to pick the right candidates is daunting. There is also an element of bias…
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Transformative technologies such as enterprise resource planning (ERP), customer relationship management (CRM), and supply chain management (SCM) systems have brought productivity breakthroughs that have dramatically improved business performance. The finance function has reaped benefits from these advances but there’s much more to come. The next wave of transformation is upon us, and it involves…
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According to a 2020 report on the study on Occupational Fraud and Abuse by the Association of Certified Fraud Examiners (ACFE), the amount of money lost to occupational fraud each year represents a staggering drain on the global economy, and it directly impacts organizations’ abilities to create jobs, produce goods and services, and provide…
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A Guide to Stripe QuickBooks Integration The integration of payment processing and accounting systems is not just a convenience but a necessity for efficiency and accuracy in financial processes. Two of the most powerful tools in these realms are Stripe for payment processing and QuickBooks for accounting and financial management. Integrating Stripe with QuickBooks…
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In the intricate web of the healthcare ecosystem, claims processing stands as a critical juncture where the efficiency and accuracy of operations profoundly impact patient care, provider satisfaction, and overall system performance. Traditionally, this process has been plagued by manual errors, time-consuming verifications, and a plethora of administrative challenges, prompting the healthcare industry to…
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The days of stuffed filing cabinets and banker boxes full of loose paperwork are behind us. In many ways, we’re even past the era that centralized company information within a series of Excel workbooks and PDFs shared by file-transfer protocol. But today presents a range of document management challenges, no matter how far we’ve…
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Order capture is the process of receiving, validating, and recording customer orders from across channels to facilitate efficient fulfillment. A smoother capture process often means a faster order-to-cash cycle, fewer mistakes, and happier customers. Yet, McKinsey's 2023 supply chain survey showed that nearly half of the respondents had not consistently invested in the digital…
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Introduction In the modern business landscape, Customer Relationship Management (CRM) platforms like Salesforce have become indispensable. Salesforce’s ability to integrate with popular email services such as Outlook and Gmail enhances its functionality, making it a powerful tool for businesses. This integration streamlines communication, ensures efficient data management, and augments customer engagement strategies. In this…