Febi.aiBlogs
How Automatic Expense Trackers Can Simplify Your Finances
Imagine you are an entrepreneur of a growing tech startup. To track daily spendings you manage tons of spreadsheets and paper receipts. Just a few days back, you landed a steady flow of a few of the first big clients. Managing finances of a growing business quickly...
Understanding ERP: The Backbone of Modern Enterprises
Did you know that about 70% of large-sized businesses use ERP technology? However, this isn’t restricted to only enterprise-level businesses, as even small and medium startups actively adopt it in their operations. According to predictions, the global ERP solution...
A Comprehensive Guide to ERP: Transforming Business Operations
Imagine you have just redesigned SOPs or revised organisational workflows or are planning to scale and launch a new product or service. The positives? Your business is scaling and could land more revenue for your company. The challenges? Organisational workflows and...
How AI is Revolutionising Financial Reporting
Data suggest that about 72% of businesses surveyed already used or planned to use Artificial Intelligence in their financial reporting. 99% of companies are expected to adapt AI in reporting operations in the next three years. You might be surprised to know that 100%...
Mastering Break-Even Analysis for Startup Success
Launching a startup is a thrilling journey filled with visions of innovation and dreams of success. Yet, it’s also a path riddled with financial uncertainties that can be daunting for even the most seasoned entrepreneur. To address these challenges and steer your...
What Should You Track on Cash Flow Dashboards? Startup Founders Special
For startups, maintaining a healthy business, cash flow is crucial for survival and growth. Startup founders need to stay on top of their finances to make informed decisions and navigate the challenges of early-stage business development. Cash flow dashboards are...
How AP Analytics and Precision Data Empower Financial Decision-Making
Imagine a B2B startup that’s breaking ground in the online market. They have innovative software, a rapidly growing user base of satisfied companies as their users, and a motivated team ready to scale. Yet, behind the scenes, a silent struggle threatens their...
Essential CFO Dashboards and KPIs for Startup Success
In any startup, having a clear and precise view of your financial health is crucial. For Chief Financial Officers (CFOs), leveraging advanced dashboards and key performance indicators (KPIs) can make all the difference in steering the company toward success. These CFO...
Top 10 Mistakes to Avoid When Filing Your Business Taxes
Even a small miscalculation or errors can result in costly consequences and legal issues. This is probably why even the most experienced business owners and entrepreneurs experience stress and anxiety during the tax season. Do you, too, fear the tax season and try to...
Leadership Essentials for Founders: Building and Managing High-Performance Team
The Art of Leading a Startup to Success In the competitive world of startups, the ability to build and manage high-performance teams is what determines your success. As a founder, mastering the art of leadership isn't just beneficial—it's essential. From turning a...
A Business’s Guide To Net Revenue Retention
Imagine yourself as the founder of a growing SaaS startup. Your product is gaining some good traction, customers and clients are signing up, and the future looks promising. Yet, despite the new clients using the software, your revenue is stagnant—or worse, it's...
Top 5 AP Automation Challenges Faced by Founders
Statistics indicate that 82% of SMEs miss receiving early payment discounts, and about 10% in the late payment penalty adds unexpected cost to businesses, hurting their profits. There are many more reasons that stress the importance of streamlining accounts payables....
Top 10 AP Best Practices for 2024 to Streamline Accounting Workflow
In the realm of modern business, maintaining an efficient accounts payable (AP) process is more critical than ever. Effective best accounting practices can significantly streamline your accounting workflow, reduce errors, and improve your financial management. This...
How to Leverage AI to Step Up Your CFO Game in 2024
The role of Chief Financial Officers (CFOs) is largely redefined today, and a big part of this change is due to the advancements in AI in finance. No longer just a trend, AI in finance is a powerful tool transforming the financial world. For CFOs, this means new ways...
How To Calculate Bad Debt Expense: A Guide
In the bustling world of business, especially for those who extend credit, bad debt expense is something you'll inevitably encounter. Think of it as the financial hiccup that comes from sales you’ve made on credit, but where customers don’t end up paying....