5 articles with this tag
Learn how to calculate Monthly Recurring Revenue and Annual Recurring Revenue for your SaaS business. Understand the differences between MRR and ARR, when to use each metric, and step-by-step formulas with examples. Discover why these metrics are essential for tracking business health and making accurate growth decisions.
Purchase orders are not just bureaucratic paperwork. They create legally binding contracts between buyers and sellers, enable budgeting, manage expectations, and provide audit evidence. Discover the complete purchase order workflow from requisition to delivery, plus automation strategies to eliminate manual errors.
Discover the most common accounts payable mistakes and learn how to prevent them. From batch invoice entry to late payments and communication failures, protect your business reputation and financial health with proper workflows and dedicated teams that ensure bills get paid accurately and on time.
Avoid common accounts receivable problems that damage cash flow. Learn how to manage credit wisely, implement online payments, create penalty systems for late payers, and maintain communication with customers for healthy receivables.
The Hackett Group research shows a shocking 68% of organizations suffer significant payment delays due to poor supplier data. Common failure points include ordering wrong items, rushing orders without budget checks, damaged shipments without proper notification processes, failure to negotiate best pricing, and incomplete supplier information at payment time.