Blog

As we close out 2023, let’s look back at another incredible year at Spenda. It’s been a whirlwind of exciting partnerships, major accomplishments, and innovative product updates, all shaping our journey. Now it’s time to head down memory lane and dive into the key achievements and pivotal moments that have brought us to where we are today.

The accelerated transformation in B2B payments seen in the last three years is set to continue into 2024 and beyond. As businesses look for more efficient ways to make and take payments and even fund their operations and growth initiatives, digital B2B payment technology is proving to be an effective solution.

Payment technology has emerged as a pivotal force driving substantial change in accounting systems and processes. The pace of this change is prompting businesses to complete a comprehensive reevaluation of their financial transaction practices. From streamlining invoicing procedures to strengthening cash flow management, innovation in payment technology is not only revolutionising financial processes but also significantly reshaping the professional landscape for accounting professionals. This article delves into the influence of tech-driven payment solutions on the accounts receivable and accounts payable functions, and its impact on employee productivity and engagement. Keep reading to learn more.

Payment technology has emerged as a pivotal force driving substantial change in accounting systems and processes. The pace of this change is prompting businesses to complete a comprehensive reevaluation of their financial transaction practices. From streamlining invoicing procedures to strengthening cash flow management, innovation in payment technology is not only revolutionising financial processes but also significantly reshaping the professional landscape for accounting professionals. This article delves into the influence of tech-driven payment solutions on the accounts receivable and accounts payable functions, and its impact on employee productivity and engagement. Keep reading to learn more.

Late payments continue to impact businesses of all sizes, disrupting cash flow, straining relationships, and impeding growth.

Online payment platforms and mobile apps have made it possible to make quick, secure, and convenient transactions that once required time-consuming paperwork and in-person interactions.

Your franchise network likely has strong systems and processes to ensure that your franchisees have everything they need to succeed. But if you’ve had these systems in place for a number of years, particularly if they are manual or disjointed, it could be hampering growth across the network.

Accounts Payable (AP) and Accounts Receivable (AR) functions are distinct but interconnected components of the financial process.

Optimising and digitising payment processes and improving customer experiences are vital for businesses wanting to stay ahead of the curve. One significant development in this area is the concept of embedded finance, which involves integrating financial services, such as payment processing and lending functionalities, directly into a business’s existing software application or website.

Efficient management of accounts receivable is crucial for businesses of all sizes. It serves as the lifeblood of healthy cash flow, enabling businesses to better allocate resources, invest in strategic initiatives, and grow faster.

Business efficiency is a critical aspect of achieving success in today’s competitive landscape. Investing in technologies that promote business efficiency allows companies to operate smarter, make more informed decisions, and better adapt to changing market demands. As a next generation integrated payment and lending platform, Spenda delivers bespoke supply chain solutions to any business who […]

Automation remains a hot topic in business, particularly as AI-driven tools gain greater efficiency and the ability to reduce some of the heavy lifting in everyday tasks. For companies looking to optimise the way they operate and realise cost savings, automating key systems and processes can transform a business and its supply chain.