Febi.aiBlogs
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...
Why Every Business Needs a Reliable Bookkeeper
If planning and strategy are the brain of a business, bookkeeping can be considered the heart of its finances. Just like a steady heartbeat keeps a body alive, accurate cloud-based bookkeeping ensures your business stays financially healthy and prepared for whatever...
Why is Document Management Important in Accounting
Managing documents is not limited to just being an organizational chore. In the practical business world, it is rather a crucial aspect of running a successful accounting and financial operations. In times when financial accuracy, compliance, and efficiency hold the...
How to Transition from Manual to Automated Accounting Systems
As Peter Drucker famously said, "Efficiency is doing things right; effectiveness is doing the right things." Automation in accounting is no longer a futuristic dream—it’s the smart path forward. Businesses across geographies are embracing automated accounting software...
What is an Invoice Management System? A Beginner’s Guide
Invoicing is one of the most important elements of any business. Regardless of whether you are offering a product, a service, or industry, size or type, there is a payment in exchange for products or services. And for that—an invoice is created and shared with the...
The Importance of Accurate Record-Keeping
We’ve all had that moment—endlessly searching for that one important document, wondering where you saved it last. There is a time-crunch, your stress rises, and suddenly a simple task becomes a stressful challenge. Welcome to the real work of record keeping. On the...