Think of the last time you visited your favourite retail store, or even ordered something online from them, and ask yourself this question: Did they have what you needed ready and waiting for you before you even arrived? If your answer is yes, then you have just experienced what it feels like for customers to shop at a business that has mastered the art of inventory management. The Art of Inventory Management Inventory management is not simply about ordering and

Change is the law of the universe, and finance is no exception to the rule. Finance has been intertwined with our lives since the inception of human societies, and as the days go by, it only grows more tightly bound to human existence. And just as we evolved as humans, so has finance evolved and changed with us. Where we first started with bartering goods and rudimentary coinage, now we deal in numbers on a screen.  This article briefly explores

Attention all business owners! Are you tired of constantly putting out fires with angry customers? Well, it’s time to take a proactive approach to customer service and avoid getting burned! Get ready to be the hero your customers deserve with our comprehensive guide to proactive customer service. Trust us, your customers will thank you, and you might even get a few standing ovations (or at least some five-star reviews)!  What is Proactive Customer Service? The customer service experience most people

In today’s fast-paced business landscape, every minute counts. Time is money, and the more time spent on repetitive tasks, the less time to focus on strategic initiatives that can grow the business.  That’s why businesses worldwide are turning to automation to streamline processes and boost efficiency. And when it comes to streamlining the invoicing process, NetSuite’s Invoice Automation is the key to unlocking your business’s full potential. The blog aims to provide businesses with an overview of NetSuite’s Invoice Automation

It is an undeniable reality of the business landscape of the 2020s that every company owes a large part of its success and continued prosperity to the financial management and accounting function. Accounting experts at Expertise Accelerated have been warning entrepreneurs for the first quarter of the year that they must, at all costs, get their accounting function sorted out and running before matters hit the fan and there is no time left to prepare. One of our most recent

Technology has become part and parcel of our daily life, and this is doubly true for the business landscape. The hum of machinery has become the heartbeat of business; every business function is now dependent on some algorithm or other, and every decision is guided by machine-processed information.  It’s time to ask yourself: are you ready to embrace technology and stay competitive? In the world of bookkeeping, the answer is clear. With cutting-edge technology, you can streamline your accounting function,

Once upon a time, there was a small manufacturing company that produced specialty parts for airplanes. The company had been in business for several years and had grown steadily, but they were experiencing some financial difficulties. The management had a hunch that their financial reports might be inaccurate, but they didn’t know how to find out. To help solve the problem, they hired an accounting firm to do an audit of their financial statements. The auditors examined the company’s books,

What are Accounts Receivable? The accounts receivable function is essentially responsible for managing any and all invoiced payments for services rendered that are yet to be paid by customers. Businesses are leaning toward outsourced accounts receivable services to get the job done. There are quite a few reasons for this shift towards outsourced accounts receivable solutions, but before we proceed, let’s talk about the relevance of the accounts receivable function in 2023, and why it is worth investing in. The