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.
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.
Digital transactions and evolving financial technologies have dominated digital transformation in recent years. And while these developments are helping businesses to work smarter, cash flow management remains critical. The fundamental principles of monitoring cash inflows and outflows help businesses ensure that their finances are strong so they can meet their ongoing operating expenses and plan investments in growth.