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Articles Online PaymentsWhy nonprofits should consider raising funds online
Nonprofits, NGOs, and charities worldwide play a key role in improving healthcare and education, promoting equality, providing disaster relief, and advocating for the environment, among other causes. A 2018 report titled "The Financial Health of the United States Nonprofit Sector" revealed that approximately 50% of the nonprofits in the US…
5 mins read
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Articles Inventory ManagementA Step by Step Guide to Start Selling Online with Ecommerce
During a widespread health crisis, selling from a physical store might not be an option for you, and going to the store might not be an option for your customers. The best alternative in a situation like this is to sell online. If you haven’t already started, then now may be a good time to make…
7 mins read
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Billing GuidesWhat is Recurring Billing? | Definition, Types & Advantages – Zoho Subscriptions
Recurring billing is a payment model that enables business owners to charge their customers at predefined intervals (weekly, monthly, annually, or custom intervals), for the products or services they purchase. It is often used in subscription business — when the customer subscribes to a product or service, they are prompted to provide…
4 mins read
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Articles BillingDiversifying to a subscription model to brace for a recession
Economic crises are characterized by a decline in economic activity due to a drop in spending. Whether it's a mild downturn, a substantial recession, or a severe depression, consumers get more vigilant about their spending. As a result, business owners can experience decreased cash inflow, mounting expenses, poor growth, layoffs, or, in…
4 mins read
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Articles AccountingTips to improve your Accounts Payable (AP) process during a crisis
The two most important goals of your Accounts Payable department are to pay your vendors and suppliers on time, and to pay them accurately. Even on a normal day, this requires a lot of precision and coordination. During an unexpected crisis, though, the AP department's job becomes much more difficult. It…
4 mins read
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Articles BillingHow a recurring billing tool can improve customer retention during crisis
A study by Bain and Co. stated that increasing customer retention by 5% increases profits by 25 to 95%. What's interesting is that this study done in the 90s still holds true today, despite dramatic changes to consumer behavior. In 2017, another study by financial modeling expert, Josh Chapman, stated…
5 mins read
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Articles Expense ManagementDuty of care: An integral part of your corporate travel program
Some years ago, a volunteer working for an NGO in Papua New Guinea contracted cerebral malaria and died[1]. When a lawsuit was brought against the NGO, the jury found the organisation guilty of failing to protect its volunteers in not one, but four ways—they failed to inform volunteers of the…
6 mins read
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Articles PayrollUnion Budget 2020-2021: Is your payroll software ready to handle India’s dual tax regime?
The Finance Ministry of India recently announced sweeping changes to the way income tax is calculated for employees during the Union Budget 2020 announcement. Union Budget 2020 offers individuals a choice: pay tax under the new regime's lower income tax rates by forgoing the tax exemptions, or continue to pay tax under the existing income…
4 mins read