As companies continue to strive for increased efficiency and profitability, outsourcing finance and accounting functions have become a popular solution. Outsourcing these tasks to a shared service center or finance…
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February 13, 2023
January 19, 2023
At some point, most businesses think about outsourcing less-critical functions. This is usually done when the company wants to focus on its core competencies and leave the non-core functions to…
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January 5, 2023
At its core, payroll management is the process that makes sure that your employees are paid on time, without fail. It includes different processes such as managing employee salaries, tax…
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December 19, 2022
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 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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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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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 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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September 20, 2022
Accounts payable (AP) automation is used to eliminate manual and repetitive tasks in the end-to-end AP process. Automation helps businesses to receive invoices and process payments — all from a…
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