Why You Should Shift Towards Accounts Payable Automation
It’s not a surprise that the Accounts Payable (AP) teams can level up the game with automation. More than just paying bills, AP automation solutions wield influence over cash flow, fraud security, and supplier relationships. However, the effectiveness of your AP team hinges on their approach. Many teams grapple with manual processes, leaving little room…
PathQuest Solutions
Maximizing Efficiency With Financial Analysis in Retail
Consumer preferences can change as rapidly as a trending hashtag on social media. This constant shift in trends can hamper the profitability of businesses. This is why staying ahead of these ever-changing trends and making well-informed, timely decisions is crucial to seize the opportunities at hand. Nowhere is this reality more evident than in the…
Fueling Business Growth with Key Financial Ratios in Retail
Isn’t it interesting to know that Costco, one of the leading retail companies based in Issaquah, WA, relies on financial analysis software to meticulously track its performance? From scrutinizing gross profit margin to evaluating operating profit margin, net profit margin, and liquidity ratios like current and quick ratios, Costco’s strategic decisions are grounded in the…
Transforming Your Business Dynamics with Financial Reporting
Have you held the belief that the retail industry is the backbone of our economy, and will remain untouched for years to come? Well, it’s time to reconsider. Although retail sales are an integral economic index as consumer spending runs much of the economy, it is safe to say that the retail landscape has evolved…
Meet Tomorrow’s Demands Today with Custom Retail Dashboards
Let’s start with an interesting fact! Research undertaken by the Aberdeen Group discerned a 22% elevated adoption rate among users for companies employing interactive data visualization in contrast to those reliant on static reports. The surge in adoption is ascribed to the effortless and adaptable nature of engaging with data interactively using advanced financial analysis…
Accounting Automation: More Than Speeding Up the Workflow
Finance operations are quite similar across different industries and regions. Accounting maintenance, financial report creation, and accounts receivables management are core responsibilities of finance and accounting teams. Over the years, using software to handle traditional accounting tasks has greatly improved efficiency, accuracy, and compliance. Given the current economic climate, organizations that delay implementing accounting process…
Prepare for ‘What’s Next’ with Advanced Financial Forecast
According to recent research by Accenture, a whopping 62% of Chief Financial Officers (CFOs) are dealing with a surge in demand for financial insights. However, here’s the twist—53% of them worry that finance is playing catch-up rather than leading the charge. This points to a big gap: the demand for insights is soaring, but multi-location…