How Business Credit Card Expand Business Network?
Paper.id » Business Insights
by Daniel Nugraha
11M ago
In an increasingly globally connected business world, expanding your business network is becoming a critical factor for long-term growth and success. One tool that can help you is a business credit card. Apart from being a practical payment method, business credit cards can provide significant benefits in building and expanding your business network. The following are several ways how a business credit card can help expand your business network Improve your relationship with suppliers/vendors by paying on tim Business credit cards can simplify the payment process to suppliers and business part ..read more
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Visa & Paper.id Collaboration: Business Payment Innovation to Streamline Cash Flow
Paper.id » Business Insights
by Daniel Nugraha
11M ago
Visa has just inaugurated a collaboration with Paper.id by appointing Paper.id as the largest Business Payment Solution Provider (BPSP) partner in Indonesia. This collaboration presents a perfect solution to expedite cash flow through payments using a credit card. How can this solution help your business? Understanding BPSP: The Best Solution for Business Transaction In short, BPSP is a business payment provider that makes it easy for businesses to pay invoices using various methods. In this case, the collaboration between Paper.id & Visa allows businesses to pay suppliers/vendors. One of ..read more
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Paper.id & HIPMI Officially Signs MOU to Improve Digitalization and Business Processes
Paper.id » Business Insights
by Daniel Nugraha
1y ago
Paper.id & the Indonesian Young Entrepreneurs Association (HIPMI) Central Jakarta branch (Jakpus) officially signed an MOU. The signing took place at the Central Jakarta HIPMI Branch Work Meeting (Rakercab), Monday September 19th 2022 at the Fairmont Senayan Hotel, Jakarta. The event was also attended by the Chairman of the MPR RI, H. Bambang Soesatyo and the general chairman of the BPD HIPMI Jaya, Sona Maesana. Read more : Paper.id collaborates with blibli to simplify e-invoicing process CEO & co-founder of Paper.id Yosia Sugalam appreciates this event and said “We welcome HIPMI’s inv ..read more
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5 Important Elements in a Business Plan to Ensure Business Success
Paper.id » Business Insights
by Daniel Nugraha
1y ago
A business plan or what is often referred to as a business plan is very important for a business, especially for small businesses. Having a business plan will give you direction and help you focus on running and growing your business. A business plan is a document that summarizes the operational and financial goals of a business with a detailed plan and budget that shows how the goals will be realized. Read more: 5 ways to start your business smoothly In the business plan there are 5 elements that are the main keys to the business plan, such as: Your Business Description Your business descri ..read more
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Paper.id & HIPMI Officially Signs MOU to Improve Digitalization and Business Processes
Paper.id » Business Insights
by Daniel Nugraha
1y ago
Paper.id & the Indonesian Young Entrepreneurs Association (HIPMI) Central Jakarta branch (Jakpus) officially signed an MOU. The signing took place at the Central Jakarta HIPMI Branch Work Meeting (Rakercab), Monday September 19th 2022 at the Fairmont Senayan Hotel, Jakarta. The event was also attended by the Chairman of the MPR RI, H. Bambang Soesatyo and the general chairman of the BPD HIPMI Jaya, Sona Maesana. Read more : Paper.id collaborates with blibli to simplify e-invoicing process CEO & co-founder of Paper.id Yosia Sugalam appreciates this event and said “We welcome HIPMI’s inv ..read more
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4 Ways to Boost SMEs Success
Paper.id » Business Insights
by Daniel Nugraha
1y ago
As you probably know, building a business is not an easy thing, even less you experience failure than success. It’s therefore a good idea to build your business around a topic area that you are passionate about, something that you really believe in and that will make you work tirelessly to make it happen. But in the process, as with many mistakes, they teach you valuable lessons about how to build your business moving forward and where to focus your efforts. To run a successful business, you have to adapt to changing situations. Doing in-depth market research in your field and the demographics ..read more
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Is It Good To Give Installment Plan To Your Buyer?
Paper.id » Business Insights
by Daniel Nugraha
2y ago
The installment or installment method is often used for revenue recognition approaches in which the business owner defers gross profit on sales until receiving cash for the sale from the buyer. The installment income recognition method records a proportional profit when the installments are received. The installment method is typically used in situations where the customer has permission to pay off the invoice in periodic installments over several years. Based on this, currently customers in the modern era must have used installment payments as a purchase option to get the goods they want. The ..read more
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The Smart Ways to Manage Your Account Payable Effectively
Paper.id » Business Insights
by Daniel Nugraha
2y ago
Accounts payable (AP) is an accounting term used to describe money owed to vendors or suppliers for goods or services purchased on credit. A good accounts payable system also ensures that you don’t have obligations on your books for too long to avoid risking business confidence. Therefore, for a company, managing invoices quickly and accurately is the key to maintaining good relationships with suppliers. Simply put, accounts payable consists of all your business payables to creditors. Accounts payable are liabilities for the business. This makes it very important to be able to manage effective ..read more
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4 Benefits of Extended Payment Terms For Your Business
Paper.id » Business Insights
by Daniel Nugraha
2y ago
Extended maturity is a strategy buyers use that takes advantage of invoice payments over a longer period than usual, which can sometimes exceed 30 days or more. As is well known payment terms are part of a complex financial strategy built to maximize company performance. Generally almost all companies are interested in increasing their working capital. One popular method of doing this is through a re-evaluation of the supplier’s payment terms. The practice may be less beneficial to the suppliers involved, depending on how the process is carried out. Extending the payment term essentially stops ..read more
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7 Ways To Do Effective Collection To Get Paid Faster
Paper.id » Business Insights
by Daniel Nugraha
2y ago
Do you have customers who never pay on time? When you tolerate overdue bills, you are effectively financing your customers and holding back on financing your working capital. If this happens, it will have an impact on the lack of working capital which can threaten the survival of your business. Here are tips to help you collect bills faster and deal with late customer payments. Be clear about payment terms No sale is final until you receive payment. Therefore, you must communicate the payment terms to your clients and ensure there is no room for misunderstanding. Make invoices as clear and det ..read more
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