Managing payments is a critical business function, yet many companies still rely on manual payment processing. While this traditional approach may seem manageable, it comes with hidden costs that can impact a company’s bottom line. Here’s a closer look at how manual payment processing compares to automation: Category Manual Processing Automated TIME AND PRODUCTIVITY COSTS […]
NovaPay is delighted to welcome Kudakwashe Zinyohwera, FCCA, MBA, as our new Chairman of the Board of Directors. With over 15 years of leadership experience in the financial services sector, Kudakwashe brings a proven track record in driving business growth, digital transformation, and strategic innovation. A Fellow of the Association of Chartered Certified Accountants, Kudakwashe […]
Bulk salary disbursements play a pivotal role in the financial operations of businesses, enabling employers to efficiently pay their employees on time while managing cash flow effectively. In this article, we’ll delve into the concept of bulk salary disbursements, explore their significance for businesses of all sizes, outline best practices for managing them, and discuss […]
In the world of business, managing invoice and trade payments efficiently is crucial for maintaining cash flow, fostering good relationships with suppliers and vendors, and ultimately sustaining business operations. In this article, we’ll explore what invoice and trade payments entail, their importance in the business landscape, best practices for managing them, and how businesses can […]
Direct debits are a cornerstone of modern financial management, yet many people may not fully understand what they are, how they work, or how they can benefit from them. In this article, we’ll delve into the world of direct debits, exploring what they are, how they function, their advantages and disadvantages, and how you can […]