Everything you need to know about your company's finances: cash flow, invoices, payment deadlines, management...
In this guide, we'll share key strategies to ensure the financial wellness of your organization as we move into a new year.
Here are 3 distinct ways you can use virtual accounts from the Duplo dashboard to revolutionize your approach to finance:
Bringing you our latest product updates from November to simplify your financial operations even further. Our new features provide you with more flexibility as well as make it easier for you to reach us.
“Had I known, I would have done this or that” is the last thing you want to say when audit season rolls around. Yes, audits are scary to even the most meticulous accountants and they are even scarier and tasking when you are not prepared for them.
In this article, we highlight logistics activities that may be incurring more costs than they should and share recommendations on how finance professionals can manage them.
Have you ever wondered what your peers in the finance industry are earning? Do you struggle with negotiating your salary or wonder what you can do to improve your salary satisfaction? If you have, then this is definitely for you.
To help you automate your expense management process, we've compiled a list of the top 10 best expense management providers for B2B organizations.
In the Fast Moving Consumer Goods industry, margins are often razor-thin, and accountants are usually tasked to ensure profitability. Thus, achieving cost control and operational efficiency becomes an important feat.
From credit risk to market fluctuations, optimizing risk management is crucial to ensure the sustainability and growth of a company. When it comes to risk management as well, prevention is often better than a cure or solution.
"It's not what you know, but who you know" is a statement that rings true in supplier-vendor relationships. In this article, we'll cover five practices that finance professionals should consider when it comes to managing these crucial relationships.
In October, we launched some new features to help you and your team streamline your financial operations.
Audits, the mere mention of the word can send shivers down the spine of even the most seasoned finance professionals and accountants. In this article, we'll explore why it's crucial for finance professionals to adopt a proactive stance in staying audit-ready at all times.
Categorize your expenses, set budgets for all expense accounts, and gain full visibility over all your business expenses with our latest spend management product. Read on to learn more about how you can be free from manual expense management.
In the digital era, the traditional practice of using petty cash for managing expenses in organizations poses various risks and inefficiencies. Transitioning to digital means offers numerous benefits, including enhanced efficiency, improved transparency, and strengthened risk management.
Financial data is the lifeblood of any organization. It provides crucial insights that drive informed decision-making and ultimately determine a company's success or failure. However, the sheer volume of financial data can be overwhelming, leaving many business owners and managers feeling buried under a mountain of numbers and spreadsheets. Here are six smarter ways to stay on top of your company's financial data without drowning in it.
Excel is often considered an accountant’s best friend. This is because of how efficient it can be for calculations, data entry, and some level of automation. However, like in any friendship, your relationship with Excel is only as good as how much you have come to know it. Here are 10 different Account Payable Excel formulas that can help simplify your Account Payables going forward.
As technology advances, so do the threats in the digital world. In this article, we explore five cybersecurity threats that finance professionals like yourself should be aware of in 2023 and strategies to safeguard your financial operations.
Digitalisation has revolutionized various business processes, and one area that can greatly benefit from it is the procurement to pay (P2P) process. By leveraging digital technologies, organizations can streamline and optimize their P2P processes, leading to increased efficiency, cost savings, enhanced transparency, and improved supplier relationships.
In today’s commercial climate, the role of the CFO is morphing from being solely process-focused to revenue and growth-focused. Here are some growth insights to help you ace your journey as a first-time CFO.
In a rapidly evolving business landscape, payment automation has emerged as a key enabler for organizations seeking to stay competitive and agile in managing their financial operations.
B2B Buy Now, Pay Later (BNPL) is a payment option that allows businesses to purchase goods and services with the option to pay for the purchase over time. You may have heard of BNPL for consumer goods, with Trade by Duplo, the option is now available for business customers as well.
In today's dynamic business environment, finance departments are evolving from transactional roles to strategic business partners.By implementing a finance business partnering framework, organizations can leverage the expertise of finance professionals to drive strategic decision-making, enhance financial performance, and foster collaboration across functions
While using accounting software is a great way to organise your financial records, integrating with a solution like Duplo takes it a step further by helping you automate all your back-office processes seamlessly.
The landscape of payment operations in Africa is changing rapidly. From finance professionals at medium to large-scale organisations, to business owners managing finances independently or with the help of an admin, everyone needs to evolve and upskill to get ready for this new future.
In today's rapidly evolving business landscape, digital transformation has become imperative for organizations worldwide, including finance departments.
LinkedIn has emerged as the go-to personal branding platform for professionals across various industries to network, showcase their expertise, and discover new career opportunities.
Building on the first edition, we zoomed in on four top markets. This year’s report is a comprehensive study of the business payments landscape in Sub-Saharan Africa. It is based on a survey of over 1,250 founders and finance professionals in Ghana, Kenya, Nigeria, and South Africa.
According to a 2023 research by Duplo, 79.9% of Nigerian businesses surveyed stated that their payment system was either semi-automated or fully automated. But what does it mean to automate your payments?
With an extensive career spanning various industries, including banking, insurance, hospitality, and FMCG, our ECFO of the month, Abiodun Ogunfowokan possesses a wealth of experience in financial management.
One of the main challenges of implementing a payment approval workflow is resistance from team members. It is a major one because you need their buy-in to make this work. Read more to learn how we help foster a faster adoption of payment approval systems.
Tax planning is a crucial aspect of managing a successful business in Nigeria, especially for medium-scale enterprises. Navigating the intricacies of the Nigerian tax system and implementing effective tax-saving strategies can have a significant impact on your company's profitability and long-term growth.
Looking for websites to buy wholesale goods in Nigeria? Well, look no further because, in this comprehensive guide, you will find the top 10 best platforms.
Automated accounts payable (AAP) is a process that uses software and other technologies to automate the accounts payable process. Instead of manually processing invoices, AAP systems use special technology to generate digital invoices or capture invoice data, verify it, and route it through the approval flow.
An individual’s career decisions reveal a lot about their values, commitments, and long-term objectives. Just like when we are in search of partners, love plays an equally important role in finding the right career fit.
Integrated payment processing is a system that enables businesses to process multiple payment types, such as debit cards, e-wallets, and bank transfers, through a single platform.
Invoices are a key component of any business's financial management process. There are several types of invoices, each serving a different purpose and used in different situations.
The list captures available products in today’s ERP market to help you get insights and make a better, more informed decision. We have listed them in alphabetical order for easier sorting.
As part of our B2B Payments analytics project, we began by aggregating statistical information and then The State of B2B Payments in Africa Report.
Microsoft Dynamics and Sage are both enterprise resource planning (ERP) software solutions that provide businesses with a range of tools for managing their operations. See the similarities and differences in their features and functionalities.
Choosing an Enterprise Resource Planning (ERP) system is no small task. We have compiled a list of 20 easiest-to-use ERP software from the most popular ones available in the market.
We have Approval In Principle with the Central Bank of Nigeria for a Payment Solutions Service Provider (PSSP) Licence
Today, I am filled with gratitude as Duplo turns 1! It has been an incredible journey, and we couldn't have done it without you. Your trust and support have been invaluable to us, as we strive to modernize business payments on the continent.
LISA provides free secondary education for children from low-income households. They also offer free education at the Special Correctional Centre for Boys in Oregun, Lagos.
How to choose the right ERP system, characteristics of ERP system, ERP system integration, the importance of ERP system in business
When the end of the month approaches, Frank goes into a frenzy. While most colleagues and working professionals are excited about receiving their remunerations, Frank’s workload peaks.
The technology revolution, also known as the digital revolution, has been accelerated by the onset of the COVID-19 pandemic. It has had a profound impact on the world, without the exception of the Accounting profession.
We are excited to announce that Duplo has integrated with Microsoft Dynamics (D365)! This new integration will help businesses collect and make payments in a way that aids faster reconciliation.
FMCG distribution business has proven from all indications, will be relevant for years to come. From the agency model to the distribution and retailing aspect, fast-moving goods have been proven to yield good investment returns
In Nigeria, FMCG products can be broadly grouped into three categories namely: Household care, Personal care, and Food and beverages. In this article, we examine the advantages and disadvantages of these categories of FMCG products as far as Nigeria is concerned.
The FMCG industry is one of the most thriving sectors of the Nigerian economy and it boasts a good number of companies that produce various types of products.
As part of due diligence processes, producers of fast moving consumer goods in Nigeria carry out their own assessment of a distributor before commencing business with them.
When the year started, Mr. Jide was optimistic, perhaps this year would bring better tidings. As a procurement manager, he was not new to the necessary adjustments needed to be able to bring in equipment and products their medical supplies business needs to stay afloat every year.
Rising inflation, surging devaluation, and a currency crisis have created an unprecedented situation for business owners in Nigeria-managing and growing cash flow is becoming tougher daily.
The process of making and receiving business payments remains largely manual, which makes it expensive and highly inefficient for businesses.
Everyone has a personal brand. A brand is how people perceive a product, company, or individual. It is more than just a name or logo, it's that familiar feeling these assets invoke.
FMCG is the acronym for Fast Moving Consumer Goods. These are products you use every day. Some examples of Fast-Moving Consumer Goods include items like food and beverages, groceries, personal care, cleaning products, stationery, and so on.
B2B payments are a crucial part of any business. From Nigeria to the United States, e-commerce and companies that do business online and offline will need to make and receive payments.
Cash as a means of value exchange dates back to 650 BC. Rulers, soldiers, merchants, and everyday people made transactions using silver coins, and other types of tokens. Over the years, governments have created banknotes and coins as means of legal tender.
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