ARDEM was approached by one of the largest automotive retailers in the US with over 200 locations across the country to provide customized back-office support for their internal operations.
The ongoing pandemic has brought about a crisis in the finance and banking sector as both banks and their clients struggle to keep up with payments or maintain a steady stream of capital in the wake of the economic downturn.
Accounts payable and accounts receivable are two of the most crucial finance and accounting processes that must be carried out by all businesses and organizations. Comparing an accurate estimation of the company’s current liabilities against the expected revenue is the very first and most important step in cash flow management.
Whether we talk about financial institutions, consulting firms or industry-specific business, they all need streamlined finance and accounting services to optimize cash flow management. However, this involves several complex processes and an ever-increasing volume of financial data that needs to be sorted, organized and aggregated for faster approvals and balanced books.