2025 Collections Invoicing 
Gaviti
OCTOBER 30, 2023
By 2025, Gartner predicts that more than 80% of new job opportunities in finance will be in roles other than traditional accounting and financial planning and analysis (FP&A). What are the Benefits of Autonomous Finance in A/R Collections? Here are a few additional signs: You have continuously overdue invoices.
Gaviti
FEBRUARY 18, 2024
Even with the most streamlined and automated A/R management process and B2B collections best practices , customers don’t always pay on time. This could be due to many factors, including financial issues, unclear and inflexible payment terms, unresolved disputes, or simply being distracted by many other invoices being processed simultaneously.
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NextProcess
OCTOBER 8, 2024
With BPA software streamlining business processes, increasing efficiency, supporting accurate data collection, and other valuable tasks, CFOs can equip themselves, their companies, and financial departments to face the future. This had the additional benefit of collecting all the data related to purchasing in one central software platform.
Xero
JANUARY 24, 2024
Late filing: if you’re late to file your GST, the penalty is $50 if you’re on the payments basis, and $250 if you’re on the invoice or hybrid basis Late payments: if you’re late to pay the amount you owe by one day, you’ll receive a penalty charge of 1% of the GST amount owed. Depending on the reason, the fines can be steep.
AvidXchange
NOVEMBER 15, 2024
AvidXchange’s 2025 Trends Survey found that the percentage of businesses using mobile payment platforms (like Venmo or Apple Pay) most often to pay suppliers nearly doubled to 15% in 2024 (compared to 8% in 2023). Security One of the major drivers impacting the shift away from paper checks is security. Since the pandemic, the U.S.
SMB Accounting and Consulting
MAY 17, 2024
Per the Small Entity Compliance Guide published by the Financial Crimes Enforcement Network, companies created or registered to do business before January 1, 2024, will have until January 1, 2025 to file their initial BOI reports. You can collect all sorts of financial data which will allow you to make sound decisions regarding your business.
Xero
FEBRUARY 15, 2023
Responsible data use By 2025, individuals and companies around the world will produce an estimated 463 exabytes of data each day. Almost every digital interaction produces data: sending an email, downloading an invoice, searching for local suppliers, posting a status update — even turning on your connected car.
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