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Benefits Of AR Automation For Your Organization

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Benefits Of AR Automation For Your Organization

The cash flow of your organization happens to be its staple in the competitive industry. Under all circumstances, business owners prioritize collecting their dues on time. The last thing you would want to disrupt your business is human error. Moreover, your accounts receivable department needs to take care of possible delays, inaccuracies, and other factors disrupting collections. This explains why established companies use AR automation software to make these processes breezy.

In the digital era, the financial landscape keeps shifting. Forward-thinking brands are incorporating automation tools to streamline their accounts receivable operations.

Why should businesses automate their operations?

  1. Streamline the system

A powerful system enables organizations to automate invoice reminders. Besides, you can specify intervals to send reminder emails for collecting emails. Therefore, if any of your customers miss out the payment on time, the software will send them a notice, reminding them to pay the amount.

Some of the advanced tools are designed to generate a list of numbers, so that the collectors can easily access the contacts of defaulters. This eases up the procedure significantly, and saves valuable time for your organization.

  • Better coordination

With an automated software, all your staff and vendors would be on the same page. The database would be centralized, and everyone would input information on the same software. There would be no scope of using local notes or spreadsheets that might lead to misinterpretation of information. Using automated software, you can significantly enhance collaboration within your departments as well as with your vendors. This benefit would also applicable for your customer service and sales department.

Sometimes, your primary AR professional might not be available. In these circumstances, it would be easier for any other person working in your accounting department to pick up the task seamlessly. There would be no disruption in the process, as the software would store all the relevant information.

  • Standardize your processes

Sophisticated AR automation tools are capable of standardizing the processes of your accounts receivable. This would eliminate a significant amount of anxiety and guesswork when you collect money. When you adhere to a standardized mechanism in the AR tool, every user remains on the same page, updated with the payment status.

As a business owner, it is worth noting that the current collector might have undocumented knowledge in his or her mind. Unless you get this knowledge and history documented in the system, you can’t get rid of the danger of losing the information in case the person leaves the job.

  • Save your resources

Automating your accounts receivable account would help you save valuable resources: time and money. This explains why successful brands deploy AR automation tools. Rather than wasting your time searching for manually recorded customer data, your accounting professionals can easily sync the information and retrieve the needful. When it comes to reaching out to customers and collecting the money, the staff won’t need much time. This would increase the cash flow and get more work done in limited time. Eventually, your organization’s productivity will get a boost.

  • Accuracy of data and timeliness

The manual process of dealing with accounts receivable involves scanning several sources and piecing together information to get a concrete database. For instance, you need to deal with hand-written papers, spreadsheets, and traditional accounting systems.

The mechanism is prone to errors, and often the information turns out to be incomplete. Besides, the process consumes a lot of time. Besides, there’s no scope of accessing real-time data in traditional systems. Therefore, you won’t be able to get updated information in case a customer just pays off a pending amount. To assure that you have relevant and updated date in your system, make sure to get an advanced tool like Monite.

Get a powerful AR automation software

A flawless accounts receivable system assures effective and timely collection management. A lot depends on how good the analytics and visibility are. With branded tools, your staff would benefit from extensive dashboards and insightful reports. In the process, you will get a comprehensive view on the payments, goals, and performance of your department. At the same time, you can quickly get to know the customers with overdue payments. It would be wise to get a customized software for the purpose and streamline your operations.

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Arkansas Man Discovers Massive 2.38 Carat Diamond In Park

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Arkansas Man Discovers Massive 2.38 Carat Diamond In Park

A visitor of the Crater of Diamonds State Park in Murfreesboro, Arkansas, found a sizable rough stone. Adam Hardin has been avidly searching for the precious gems for more than ten years before discovering this specimen, which is the largest one found in Arkansas since 2021.

Hardin has encountered hundreds of jewels over the years, and this “Frankenstone,” as he named it, was not his first significant find—although it is his largest. Brown in color, the rock weighs in at 2.38 carats, only to be outdone by a 4.38-carat jewel discovered by a Californian a year prior.

For many years, visitors from around the world converge on this 37-acre field situated inside an ancient volcanic crater. Since 1972 visitors have discovered more than 33,100 diamonds. Adults pay $10 each, kids, only $6, and families bring with them all sorts of non-motorized hand tools. They can dig to their hearts’ galore, and the parklets them keep their discoveries.

While the field is host to a multitude of other mineral rocks, diamonds in the park are prized finds that beckon the crowds, coming in white, brown, and yellow colors.

While 2.38 carats is a remarkable find, a 14-year-old boy found a 7.44-carat piece in 2017. But the largest recorded in the United States was obtained at the same spot in 1924 before the park was established. The “Uncle Sam” stone weighed in at a whopping 40.23 carats. It was honed down to an emerald cut of 12.42 carats, with an outstanding grading of VVS1.

The finished Uncle Sam sold for $150,000 in 1971. While it might sound like an unbelievable value, when adjusted for inflation, that would come out to nearly $1.1 million in today’s dollars.

In 2022, it is evaluated at about $800,000, so if the buyer had held onto his money, he’d actually be richer by $150,000. This, of course, begs the question of how these jewels are evaluated and graded.

While fancy colored jewels sell for more money than even brilliant white diamonds, it’s just not so with the brown variety found in Arkansas. Yet a lucky digger purportedly landed a white gem appraised at a million dollars

But according to one expert, “resorbed” specimens like those at the site are actually worth more than locals or miners say. This variety is the best quality for industrial applications, and is stronger than African. According to naturallycolored.com, “A 1-carat brown diamond starts from approximately $2,500 and an F VS2 costs approximately $4,000.”

Charles Ekron is the managing director of Addler Holdings, a diamond trading company out of South Africa. “Grading a colored gemstone is more complex than a white one. Fancy colors involve considerations beyond the GIA 4Cs.”

When grading, labs rate attributes according to the “4Cs,” which stands for color, cut, clarity, and carat weight. This standard was created by the Gemological Institute of America (GIA), but disappointingly, GIA’s methods of grading aren’t a precise science.

Sidney Travers is the owner of a jewelry chain in Southern Florida. At a recent convention, he discussed problems with 4Cs labs. “Many, many times we’ve had discrepancies. Sellers would come to us with certified loose stones. We would ask for second opinions from another lab just to verify, and the results would come back differently. These little changes translate into thousands of dollars in this business.”

An Israeli company called Sarine Technologies operates the only certification lab of its kind in the world, where high-tech machines perform certified grading. Scan station sensors take a complete reading of a stone at much higher magnification and resolution than the GIA labs, which only use a 10x loupe and microscope.

Computers using artificial intelligence are far more accurate and objective than a lab technician’s eye, and the technology measures attribute on a much wider spectrum than 4Cs guidelines. This comprehensive set of metrics including light performance, ensure that a diamond is evaluated properly, and the certification comes in the form of an always accessible digital report.

Mr. Hardin wrote that he decided to keep his stone, but experts say it might be a good idea to have it appraised by Sarine. Getting an eGrading certificate is the smart way for sellers to get a true valuation, and for shoppers to know what it is that they’re buying.

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Should You Be An Egg Donor? A Quick Requirements Checklist

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Should You Be An Egg Donor? A Quick Requirements Checklist

Nothing compares to the excitement of having a family. Unfortunately, this reality is nearly impossible for one out of every eight American couples. Infertility is the failure to conceive naturally following six months of constant trying. Throughout the years, techniques such as in vitro fertilization (IVF) have permitted infertile couples to bear children. Nevertheless, IVF alone is not always sufficient for some infertile women. To achieve a successful pregnancy in California, the hopeful parent might require a Newport Beach donor egg. Read on to learn about the significance of egg donations, the extraction process, and what it takes to qualify as an egg donor.

When Are Egg Donations Necessary?

Egg donation is increasingly becoming acknowledged in the reproductive realm, with hundreds of donated eggs every year. A woman could choose to give her eggs to a fertility clinic for various reasons. Still, the main function is to allow a couple or individual to start a family.

However, most give to a family member or friend struggling with infertility. Other donors are sympathetic to the millions of infertile women due to reduced ovarian reserves or failure to generate healthy eggs and want to assist them. Besides, LGBTQ couples might also need an egg donation for use in surrogacy.

Understanding the Extraction Process

An egg donor will donate eggs either through a donation agency or clinic. Donating eggs could take up to two weeks. The donor will use hormone prescriptions practically every day to promote egg production.

Once the eggs are mature, the doctor will conduct a minor surgical operation to retrieve them. The physician should obtain around ten eggs, each producing many viable embryos for a prospective couple. Nevertheless, this is only the process of egg development and extraction. Egg donation requires extensive screening and criteria, taking several weeks.

Who Qualifies to Become An Egg Donor?

Donating eggs is a serious commitment. Actually, the FDA considers egg contributions to be equivalent to organ transplants. The FDA and fertility clinics have their own rules for egg donors. From a physical viewpoint, these include:

·         Donors should be aged between 21 and 35 years. Some clinics refuse to accept patients under the age of 35.

·         Donors must not smoke or have a history of substance abuse

·         Donors must have a healthy BMI and not be overweight or underweight

·         Egg donors must have fully-functioning reproductive organs, including ovaries and ovarian reserve

·         Donors must not be on birth control, such as IUDs

·         Hormone balance and normal menstrual periods are standard

·         Donors should not have acquired an STI in the previous year

As a component of the donation procedure, an initial screening, backed by genetic and blood tests, will establish if the donor satisfies the parameters.

Additional Considerations:

Being in excellent physical condition is only the beginning. Various emotional, mental, and social variables determine a donor’s suitability.

·         Some facilities require a high school certificate

·         The donor must be ready to withstand the physical and mental trauma of egg extraction

·         The donor should be aware of the legal ramifications of their donation

Considering these factors, only a small fraction of women are eligible for egg donation. The fertility specialists at OC Fertility® will conduct extensive psychological testing to rule out any issues.

Infertility could put a family’s future in jeopardy. Even with IVF, the odds of becoming pregnant diminish as you get older. If you or your partner are considering IVF, and wish to enhance your chances of a healthy pregnancy, talk to the fertility experts at OC Fertility® about today. Schedule a consultation through mobile or book online.

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What are the significant facts about Support and Resistance Forex?

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What are the significant facts about Support and Resistance Forex?

Support and Resistance Forex is an important concept in the day-to-day work of the trader which aims ay help in the reduction of risks as well as finding more accurate points of entry into the market.

Support means a level of the zone which could work as a type of an obstacle against the downward trend of the prices. Resistance is the level of the zone which aims at acting as an obstacle against the growth of the price.

What are the pros of S&R?

Following are the pros of S&R:

  • The indicator aims at working on all timeframes and it is better to choose at least M15.
  • The indicator aims at working in all markets.
  • The indicator does not redraw.
  • It has flexible settings.

What are the cons of S&R ?

Following are the cons of Support and Resistance Forex:

  • One of the biggest disadvantages is that there is no such guarantee that all levels would work the way an individual expects them to.
  • The indicator does not aim at issuing warnings or alerts.

What are the best strategies for Support & Resistance?

The three basic strategies are stated as follows:

There are mainly three basic strategies for trading that is based on the support and resistance levels. Those are stated as follows:

  • The reversal
  • The breakout
  • The breakout test.

The reversal:

The first strategy is the most apparent strategy which means whenever the trader needs to sell near the levels of resistance and however sells near the support level.

The breakout:

The second strategy is implied at the sale of the asset once the price of the asset breaks the support level along with the purchase of the asset once the price breaks at the resistance level.

The breakout test:

The third strategy uses the principle namely the “mirror” level that is after the breakout the resistance is supposed to work as support and the previous support becomes resistance.

How does the indicator mainly work?

The entire work of the indicator is solely based on the fractal indicator that is built into the MT4 platform. The fractal is basically a local extremum that is described by Bill William.

The support and resistance indicator aims at automatically finding the levels or zones where several of the recently formed fractals are also located. It is mainly a sign that the level or zone works as support or resistance.

How much time does it take to learn forex trading?

The answer to such a statement would depend on so many different variables that are to be discussed. However several of the specific approaches can help the people going through the difficult path of learning in a quite faster way. However there are some people who never really learn forex trading and thus, as a result, they face loss. An individual has to keep one thing in mind the forex trade is basically a learning process that is ongoing. This market is very dynamic in a way. Things keep on changing on a day basis. So it is quite clear that there is as such no one size that could fit all the solutions.

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