What is a shared service center? A shared service center (SSC) provides support services for non-core business activities. SSC can also be defined as a centralised business function that caters…
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December 19, 2022
December 12, 2022
A poorly performing accounts payable (AP) process can hurt your bottom line. Businesses are trying to streamline their finance operations by embracing paperless invoicing and restructuring their internal processes to…
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December 5, 2022
A vendor compliance audit is an important due diligence measure that flags any potential vendor, which can harm your company’s reputation. Compliance audit mechanism helps organisations find gaps or risks,…
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November 21, 2022
Outsourcing has evolved into one of the most effective and tested business models. In fact, it provides a competitive advantage to businesses in the long run. Outsourcing helps you delegate…
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November 14, 2022
The pandemic has changed working habits and customer expectations, resulting in faster adoption of innovation and technology. Businesses must keep track of the compliance landscape and implement measures to safeguard…
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November 7, 2022
HR department takes care of the journey of an employee, from recruiting to retirement. HR is an integral organizational pillar that is responsible for maintaining statutory compliance, hiring and retaining…
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October 29, 2022
Pay-days are a happy affair. But the month-ends are a hectic period for HR and Payroll professionals. Setting up payroll for each employee, checking salary distribution, tax slab, and leaves…
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October 20, 2022
The New Labour Code The new labour code, which was supposed to go into effect in July 2020, would most likely be phased in after the States draft rules on…
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October 9, 2022
The VirtualMynd mobile app gives you instant access to the Mynd Automation suite, which includes tools (Finance, Accounting, and HR) for growing your business. The new mobile app will allow…
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October 4, 2022
Petty cash is the small amount of cash that a business keeps on hand to pay for any day-to-day expenses because payment of these small and day-to-day expenses is not…
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