by Robert Brandon | Feb 28, 2024 | Accounting
Average order value (AOV) is a valuable metric for businesses looking to grow. It helps businesses gauge customer spending and identify strategies to increase sales, such as upselling or enhancing product bundles. By focusing on AOV, companies can optimize marketing...
by inFlow Inventory | Feb 22, 2024 | Workflows
Computer vision utilizes AI-powered cameras and image recognition software to automatically monitor inventory levels, track product movements, and identify discrepancies in real-time. Companies like Amazon and Walmart have already begun adopting computer vision...
by Robert Brandon | Feb 14, 2024 | Inventory
Effective inventory valuation and management is vital for the success of many organizations. 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...
by Robert Brandon | Jan 23, 2024 | Accounting
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,...
by Robert Brandon | Jan 17, 2024 | Accounting
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...
