Prompt payments are crucial for business success, as 82% of businesses fail due to cash flow problems. Payment terms should be clear, concise, and include due dates and late fees. Unpaid invoices can hinder daily operations and limit business expansion
Paytm is India's largest digital payment app for UPI payments. Platform offers secure transactions with instant notifications. Users can send money, make purchases, and receive transaction alerts
Cloud-based solution for supplier onboarding, qualification, and management. Two-way sync with SAP ERP for vendor data synchronization. Self-service portal for supplier information maintenance. Customizable qualification and segmentation workflows
Simple registration using Emirates ID. Contactless payments available worldwide (Android only). All-in-one platform for various payment needs. Multi-layered security certification
Invoice payment is when customers settle owed balance for goods/services. Invoices detail transactions, include descriptions, amounts, and payment terms. Invoices differ from bills, which require immediate payment
Disbursement refers to money paid out from dedicated funds. Essential for managing cash flow and avoiding audit penalties. Accounting records disbursements in cash disbursement journal