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Category: Blog

5 Reasons why goal setting is important in credit management

Everywhere you look, it seems like there’s an emphasis on setting goals – why you should try to be more goal-oriented, or how to set better goals.   And as useful as the idea of SMART goals can be (that is, creating objectives that are Specific, Measurable, Achievable, Relevant and Timely), this technique for goal…
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Blockchain’s transformational impact on Accounts Payable

It seems that Blockchain will have an impact everywhere. That is if you believe the hype. But is it hype or are the predictions of the near future just as insightful as those of the early 1990s that described how the internet would change many aspects of our lives both at home and at work?…
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5 Ways Advanced Analytics Empower Strategic AP

The accounts payable (AP) team of the future – it’s a conversation being forged in the finance world as automation of back-office functions like AP becomes more sophisticated and widely adopted. But defining how that team functions in daily operations and the tools, skill set and training needed to support this evolution has been somewhat…
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nSYS take on Lairig Ghru!

Three of the nSYS team are taking on The Lairig Ghru in a bid to raise money for those affected by Multiple Sclerosis. David Jack, our Infrastructure Manager who planned this trip, is doing it to raise money for the MS Society after a close friend was diagnosed. MS Society provide treatments and services, emotional…
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Preparing for Payment Practice and Performance Reporting

  Why is prompt payment a priority in 2017? Small businesses are the backbone of our economy. They represent over 99% of the five and a half million private sector businesses that make up UK plc, so they’re crucial to driving growth, opening up new markets and creating employment. But for decades, it’s been common…
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Great work needs great tools

No matter what you do, or where you work, there’s something to be said for taking pride in a job well done. Helping your clients, getting praise from your boss or seeing your own performance improve are all little things that can make any job seem better – and can help ensure there’s a smile…
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8 things to do if you have a contractual dispute

Getting invoices paid efficiently requires a number of elements coming together smoothly. Client complaints can often get in the way of cash flow – and this is especially true in the case of a contractual dispute, where customers may choose to withhold their payment until the issue is resolved. Contractual disputes come in all shapes…
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Historical and Future Trends in AP

To understand where AP is headed, it’s worth a backwards glance to remind ourselves where we’ve come from. Jimmy LeFever, Research Director at PayStream Advisors, gave an inspiring presentation at last year’s UK Basware Connect event in that showed the delta of change in the last decade, and how technology is shaping new practices and…
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IT and credit management – turning challenges into opportunities

Do your credit management results totally depend on IT, the right software and reliable computer hardware? Surely not! Your credit management policy and the skills of your team are far more important. However, appropriate systems, the certainty that everything is up to date and the confidence that assistance is at hand, can make the difference.…
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5 signs you should invest in software

In today’s world, software is basically an essential part of business. No matter what your company does, you probably use software on a regular basis. Even if it’s just to check emails and write letters. While some basic computer programs might be enough to get a business up and running, most organisations won’t last long…
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