Tag

Payables
In this fast-changing environment, a business needs growth and stability for its existence. A businessman pays attention to sales and profitability, but they lag in the collection, which gives birth to many problems. If the collection process is not efficient, the business can face many operational changes, sometimes which may lead to the winding up....
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Working capital in small business is the major contributor to its GDP and employment generation and especially in developing economies. They are the biggest contributor to the growth of an economy. To manage a business efficiently and effectively a business needs to monitor its working capital closely because it acts as a key driver for...
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Joseph, a small business owner based out of Bengaluru was in trouble paying off his shop rent, electricity bills, and other day-to-day expense as he was not able to manage his inventory, receivables, and cash. Here the problem faced by Joseph is the inefficiency to manage working capital. In the same way, it is important...
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Introducing Payables – a new feature by Hylobiz, that assists the Accounting and finance teams in easing out the single/bulk payouts process with a single click. Besides vendor payments, regular bills to be paid by business, salaries or reimbursements are other crucial payouts for employees. Quite recently when our sales team shared this interesting story...
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