The ultimate goal of any business that sells products is to incentivize customers to spend more at checkout. This is why the average order value (AOV) is a valuable metric for businesses looking to grow. AOV helps you strategize pricing, marketing, and sales efforts....
The logistics world has seen many innovations over the years, from barcodes to RFIDs and beyond. And now, in the modern world of AI, we’re seeing something new emerge: computer vision for inventory monitoring. Computer vision relies on cameras and image recognition...
Inventory valuation is important. Really important. Not only does that data give information on what changes or tweaks a business needs to make, but it’s also crucial for tax reporting purposes. Incorrect or lazy valuation can lead businesses to pay higher fees,...
Currency has value. That simple fact is what enables businesses to function. Many factors go into ensuring a currency has value and stability, but most of us accept that it does without giving it much thought. But for small businesses dealing in multiple currencies,...
Every business has to deal with invoices in some way. Even those that only offer intangible goods, like software or services. And while tracking a few invoices might be simple, things can quickly get overwhelming when those invoices pile up. This can leave you...