For a business owner, accounts receivable is one of the most important company metrics and also one of the more confusing ones. It refers to outstanding balances owed to a business by other parties. Where possible, payees expect payment at the time a service or a product is provided, but businesses often have some form of financing that allows a customer or a client to carry a balance which is to be paid off over time. We can think of this as a quasi IOU from a customer or a client to a business.(more…)
We are excited to announce that Comindware has won top awards in three G2 indies, including “Fastest Implementation”and “Best Support” in G2’s 2020 Index Reports for Workflow Management Software and “High Performance” in G2’s 2020 Index Report for Business Process Management Software.(more…)
New year is on its way and we believe it is right time to get insight into workflow management system trends shaping 2020 and suggesting valuable ideas for improving your business effectivity. Recent years it got common for CIO to delve into workflow management through the lens of digital transformation, which is all about ensuring your business is ready to welcome the future and succeed. In this article, we’ll dive into the key workflow management trends with respect to digital transformation context and bring to recollection 2018-2019 trends which are still actual.(more…)
International Organization for Standardization (ISO) a non-governmental organization through its member experts comes up with standards for goods, services and systems internationally. ISO ensures that quality is met under the laid down criteria. Its members now number 160 countries.(more…)
The way the Accounts Payable (AP) department processes invoices essentially affects business performance. While the manual invoice management method works, it tends to be time-consuming, tedious and less reliable.(more…)
As businesses evolve and more work needs to be done, the conventional solution is to either overwork the people or hire more people to do all the extra work. As things stand nowadays, companies cannot afford to keep hiring more people. High-skilled jobs are already difficult and expensive to fill, and getting more people on board to do low-skilled and sometimes merely repetitive tasks can set cost-saving goals back.
This is where business process automation (BPA) solutions come in handy.