Dani Hao
Effective and efficient budget management is the cornerstone of a successful business operation. It is close to personal financial management, but more complicated due to the size, structure, and short and long-term objectives. It requires planning, commitment and discipline to the plan. It consists of planning and implementation that provides…
February 27, 2018 Dani Hao
In the course of official company assignments, employees may incur some expenses that must be charged to the company’s account. However, although these decisions were made from the employee’s end, there are ways to strategically manage these expenses proactively to save costs while still providing employees with the ability to…
February 16, 2018 Dani Hao
This comprehensive article will cover what is accounts payable as a whole, including its role in accrual accounting systems, how to create accounts payable and to facilitate a good audit trail, and will also explore the pros and cons of having a cash vs accrual-based accounting system.
February 6, 2018 Dani Hao
We have written many articles on purchase orders, but one key term that causes confusion and mixup is purchase requisitions. This article will highlight the differences between purchase requisitions and purchase orders, and why purchase requisitions are imperative in your organization.
January 30, 2018
Procurify Staff
If there’s one thing CFOs always seem worried about, it’s their organization’s ability to manage cash flow. Most companies try to make the most of their cash flow by forging beneficial supplier relationships and extending their vendor payment terms. These measures may work in some cases, but an easier and…
January 23, 2018 Dani Hao
This article will explore what is cash flow, why it is important, the differences between income and cash flow, and tips on how to manage the cash flow for your business.
January 23, 2018 Dani Hao
Lindsey Head is the CFO of J Public Relations – and she has figured out her way to financially manage an efficient and lean PR agency. Rather than asserting controls or pushing a budget onto the operations itself, Lindsey truly believes that giving her employees the power to make decisions from the bottom up is the culture she wants to promote as a CFO – a proactive spend culture.
December 18, 2017
Nitant Narang
This article is part of an ongoing project to profile the stories, struggles and victories of bold leaders who are redefining Corporate Finance from the frontlines of business. You can listen to the podcast, which has also been turned into a readable format here.
November 15, 2017 Nitant Narang
Before getting to the why and the how, let’s start from the very beginning: In 1991, Jeff Bezos was burning the candle at both ends of the stick; his cabin, located on the high stories of a Manhattan skyscraper, included a makeshift bed that Bezos would, now and again, help…
November 9, 2017
Finances Online
The global procurement software market is expected to rake in revenue of about $5.14 billion in 2017. So, should you opt to use a cloud-based e-procurement software solution for your business needs? The answer to this query depends on your security needs and the industry you are operating in. E-procurement…
October 30, 2017