As the global economy flourishes, the risk of illegal criminal activities also increases. Know Your Customer (KYC) regulations are created to protect financial institutions against corruption, terrorist financing, money laundering, and fraud. KYC hel…
Virtually everyone buys goods and services and makes payments online these days. Online transactions and payments are the preferred option for those who like to go cashless or shop from the comfort of their homes. Therefore, it is not surprising that…
Commercial cards are quickly replacing other forms of payment as the preferred method for all expenses, including travel, maintenance, repairs, and business supplies. The card program is typically designed to support the priorities of your company or…
Since the 1990s, when the world started embracing electronic banking, it has become the preferred means of transaction. Today, more businesses get paid electronically than with cash, and consumers prefer to go cashless than carry money around. This h…
Whether shopping online or paying at a contactless terminal, credit and debit cards are some of the most secure ways to make a purchase. Multiple consumer protections are available to anyone with an eligible account depending on your card. In this ar…
Invoice payment terms are the contractually decided payment terms between a business and its customers. Invoice terms are also called payment terms when payments are due relative to the date on which goods or services were delivered or when the produ…
It may seem that in today’s corporate environment, very few concepts are of greater importance than growth. Even the oldest players on the stock market are evaluated based on their quarterly growth rates, and failing to deliver can have disastr…
One of the essential conditions for stable business functioning is flawless financial performance. Your company can’t be successful if you don’t control 100% of corporate expenses. For this reason, the executives and CFOs try to pay maxim…
Paying your dues is essential for any business, no matter the size, as not stacking up liabilities is an undeniable boost to an organisation’s Business Confidence Index (BCI).Additionally, being able to promptly manage invoices without sacrific…
BoomCPI is a Cyprus-based affiliate network and worldwide performance marketing company with a sizable partner network. Using their expertise and various traffic sources, including well-known worldwide advertising platforms, they assist clients in at…
Over the past decade, disruptive payment technology has become the norm, and the modern customer is here for it. With increased automation, the market is flooded with an array of B2B payment solutions, which make it much easier for large and small bu…
Wallester helps companies manage and track their expenditures by issuing business expense cards. With our platform, you can manage your business spending and ensure your employees stay within the spending limits. Wallester is secured and the best cho…
Money laundering generates large sums through illicit activities, such as corruption, embezzlement, tax evasion, and drug trafficking. The money made from criminal activity is seen as dirty, and the process “launders” it to disguise it as…
Using virtual cards will gain a truly global character in the nearest future. As proof, we see a growing number of clients using such cards and an active integration of virtual products by the most prominent payment systems. In the era of fintech inn…
Financial controllership can be challenging to describe because of its span. It bridges the gap between traditional accounting and newer fields such as financial strategy and management.Financial controllers should pay attention to detail while consi…
A budget is a road map for a company to plan, monitor, and update its income and cost streams to attain financial stability. Budgets enable you to monitor your progress toward your goals and to plan and carry out course modifications promptly.Without…
Are you an entrepreneur who feels overburdened by the processing of invoices, which has become increasingly complex? Or a person in charge of streamlining the accounts payable workflow in your company?If yes, understanding the stages involved in proc…
Keeping track of business spending is a routine task that is very simple; however, every month, the finance staff waste essential time (and sleep) attempting to close the books.As we shall see, the significant issues are common to businesses everywhe…
