Recent Posts
-
Articles Inventory ManagementSimplify your Order Management with Zoho Inventory
Order management refers to receiving all of your customer’s orders and fulfilling each one of them successfully. A typical order management workflow can be split into 3-stages that we talk about in detail in our basics of order management guide. But in brief, Stage 1 is where your customer places an order…
6 mins read
-
Billing GuidesWhat is churn rate? – Types, Calculation & Industry benchmarks
The subscription business landscape has witnessed exponential growth over the past decade and shows no sign of slowing down. As a result, companies no longer compete with a handful but with hundreds of subscription businesses. With new competitors offering attractive alternatives and testing your customers’ loyalty, you must be innovative…
8 mins read
-
Guides Inventory ManagementThe Basics of B2C Ecommerce
What is B2C ecommerce? B2C business-to-consumer ecommerce, also called retail ecommerce, is a business model that involves sales between online businesses and consumers. B2C ecommerce is one of four major ecommerce business models, the other three being B2B (business-to-business), C2B (consumer-to-business), and C2C (consumer-to-consumer). A popular example of a B2C ecommerce…
4 mins read
-
Billing GuidesWhat is subscription revenue forecasting?
Revenue forecasting is the process of estimating the total revenue your business will generate over a specific period. It uses concrete facts to provide actionable insights and help you decide and plan effectively. A realistic forecast can take your business to new heights and sustain it through changing market dynamics.…
5 mins read
-
Billing Guides
What is Customer Lifetime Value (CLV) – Definition, Formula, Calculation with Examples
New customers are always exciting, but which ones are contributing most to your revenue growth? The customer who makes a one-time purchase worth $1000 or the one who makes repeated purchases of $50 for several years? It turns out that a customer who makes small yet repeated purchases for years…
8 mins read
-
Expense Management GuidesWhat is decentralized purchasing?
What is decentralized purchasing? With this model, purchasing control is granted to local branches or sites instead of being managed by a centralized unit. The branch/site managers have the authority to purchase items based on their branch's requirements. The decentralized purchasing model is usually adopted by businesses that are geographically…
3 mins read
-
Expense Management GuidesWhat is centralized purchasing?
What is centralized purchasing? Centralized purchasing or procurement is a system in which one department manages the purchasing of goods and services for the entire organization. The purchasing department is usually located in the organization's headquarters, where it handles the purchasing for all the branches of the firm. This department…
3 mins read
-
Articles Expense ManagementHow to create a business travel policy for the COVID-19 era
In a recent GBTA poll, nearly one-quarter of respondents reported that their companies have already resumed or are planning to resume business travel. The report paints an optimistic picture for corporate travel recovery, with an increase in bookings, increased willingness to travel among employees, and a decrease in the number of…
5 mins read