What is a Remittance?

What is a Remittance?

In simple terms, a remittance is the act of sending money from one person or entity to another. It can involve two individuals, two companies or a combination of both. Remittances are a common part of transactions across the world. They may be sent within the same...
What is Cash Flow?

What is Cash Flow?

Cash flow is the movement of money into and out of your business over a specific period. This could be a month, a quarter or a year. When more money comes into your business than goes out, this is a Positive Flow. This means your business has enough money to pay its...
What is Credit Control?

What is Credit Control?

Credit control is a process businesses use to: Collect payments Set credit policies Evaluate financial risk Ensure that customers adhere to their payment agreement When done right, credit control helps businesses avoid losses and increase profitability, while growing...