Febi.aiBlogs
Benefits of Real-Time Expense Tracking for Small Businesses
Running a small business means juggling multiple operations and workflows—managing customer relationships, addressing employee needs, developing products, and, of course, keeping track of finances. When doing financial management, even small mistakes can have...
Benefits of AI in Enhancing Financial Data Security
In today’s world, where data breaches and cyberattacks feel almost like a daily headline, the need to protect your sensitive financial information has never been more critical. For those working in the financial industry, securing data isn’t just about preventing...
How to Use Predictive Analytics for Financial Planning
Did you know 74% of the CFOs plan to use AI and predictive analytics accounting tools in 2025, according to Roland Berger? Further, McKinsey’s report suggests a value of $1 tn. In terms of AI and analytics potential in the global banking industry. Further, $10.8...
Top 5 Financial KPIs Every Business Should Track
Imagine a scenario wherein you’re the captain of your ship, cruising through the expanse of the ocean. One minute, you’re gliding along smoothly; the next, a storm could come out of nowhere. To make sure you stay on course and reach your destination safely, you need a...
Factors That Influence Break-Even Analysis for Startups
Started a new business? Or leading a startup for some time now? You’d often be discussing the term ‘Break Even Analysis.’ Managing a business is not easy work but the most important tool for determining the break-even analysis for any startup founder is knowing when...
Role of Technology in Modernizing Accounting Practices
If you have been actively following the trends, you’d notice that in recent times there has been a constant evolution of technologies in accounting, catalysing advancements in the field of accounting and finance. Advancements like Machine learning, blockchain,...
Automation in Accounting for Manufacturing Firms
In the vast world of manufacturing, businesses are seeking ways to increase efficiency, streamline their workflows and stay competitive. The manufacturing sector is known for its intricate operations and high-stakes financial decisions. This starts from managing...
Financial Management Tips for E-Commerce Businesses
If you are running an ecommerce business, you’d probably be tired of hearing this statement a million times now—E-commerce businesses are all about selling products online. However, only those who’ve managed it realise it's about understanding the financial...
ROI of Automated Invoice Processing
If you are a startup founder or have managed business finances, every now and then you would experience the challenges of managing invoices and getting payments. Providing services and products is one thing but unfortunately getting those invoices cleared is a...
5 Benefits of Real-Time Financial Reporting
A famous quote says, “The goal is not to have the most data, but to have the right data at the right time." Have you ever felt the anxiety of not knowing where your business stands financially, especially when it’s time to make big decisions? You’re not alone. Many...
How Smart Invoicing Can Improve Your Cash Flow
Think of a scenario wherein you’ve just completed a significant project, delivered exceptional work on time, and now you’re waiting for the client to pay the invoice so you can cover your expenses, pay your team, and reinvest in your business. But as the days pass,...
Types of Accounting Software: Which One is Right for You
The world of business is rapidly changing, and so is the way we handle finances. Managing accounting using endless spreadsheets, manual reconciliations, and piles of receipts cluttering desks—a thing of the past. Accounting software have proved themselves as a...
Best Practices for Data Security in Accounting Software
In a world where cyber threats grow more sophisticated by the day, data security in accounting software has become one of the top concerns for businesses and accounting professionals. Whether you’re a small business owner or an accountant managing a large portfolio of...
The Future of Bookkeeping From Data Entry to Data Analysis
AI has been a buzz word in 2024 and it is sure to create more hype and demand in 2025 and coming times. From 1,000 transactions monthly to million transaction companies like Amazon or Myntra, enter the records in their books of accounts. This makes data entry the...
The Importance of Real-Time Data in Modern Accounting
Did you know that over 80% of businesses will adapt robust AI ethics policies by 2025? 75% of them shall have transitioned away from the usual monthly or quarterly close. And more than 70% of businesses will use real-time data to base their financial decisions and...