How to de-risk your supply chain and optimise the credit- to-cash process
How to de-risk your supply chain and optimise the credit- to-cash process
Adrian Floate 1 February - 5 min read
As published in the Australian Institute of Credit Management January 2023 Issue.
Many companies benefited from a decade of low-interest rates and the fiscal policy measures put in place to minimise the impacts of COVID-19. However, these measures eventually had to taper. Throughout 2022 the Reserve Bank of Australia (RBA) raised interest rates by 300 basis points, finishing with a 25-basis point hike to 3.10 per cent at the December meeting.
For businesses across all industries, improved accounts payable and accounts receivable processes can deliver efficiencies that drive growth. This growth comes from upgrading payment systems and processes to improve productivity and strengthen cash flow.
Introducing the improved Spenda Accounts Payable (AP) solution which comes equipped with a new self-guided set up, enabling users to easily onboard themselves and quickly streamline their payables.