We are happy to announce we have just launched the newest AMC Banking 365 Business app. It is, therefore, important that you update your AMC Banking app, especially because the old version is being deprecated. The good news is you only have to do this once since one of the newest changes in the app …
New AMC Banking 365 Business App is now available on AppSource Read More »
Thanks to exponential growth in our US and Canadian markets, AMC Consult has opened our first North American office, AMC Consult Inc., located in Philadelphia, Pennsylvania. Having a presence here will undoubtedly help us service our current and future clients, Reseller and Business Partners, while also developing new relationships, growing our user base, and increasing …
AMC-Consult A/S is proud to announce we have expanded across the Atlantic! Read More »
By letting technology take over, you save time, reduce costs and work more efficiently. In account departments a great deal of the work of closing the accounts is still being done manually. Manual handling of transactions and reporting accounts is one of the most time-consuming processes of all. Let us look at an example: A …
Increase company liquidity, improve interest result and reduce external debts. The primary target of each cash pooling is the optimization and use of funds of all companies in the company in order to reduce external debts and increase the working capital (cash pool). Furthermore, especially interest benefits in multiple ways can be achieved for the …
Unlike the other steps where you would gain less costs, less effort doing the same work, or at least gain some more information regarding your business or payment process, the investment in security will not give you anything. The investment is similar to an insurance, you will sleep better. In the best scenario you will …
STEP 8, Consider Security In Your Payment Process Read More »
Why should I do forecast at all? First of all a forecast can help you with an overview of how your business is running. Is your business running as expected, you should be happy. If not, something probably is wrong. Secondly we get an overview of the need of working capital. Working capital is the …
Normally when your customers are paying your invoices it does not cost you anything apart from few situations. Your customers transfer money to you as international payments (normally your customers are from another country) or you receive cheques. When an international payment transfer is ordered the sender needs to specify who should pay the handling …
STEP 6, Consider Analyzing Your Customers Country Read More »
Unfortunately the use of this kind of payments will not save you any costs! So why use them at all… Reference payments are also known as structured payments, KID payments in Norway, OCR Payments in Denmark. Most countries have these kinds of payment, however they are called a lot of different things. It is common …
Some information regarding SEPA credit transfers SEPA is an abbreviation of Single Euro Payment Area. In this chapter we will focus on the credit transfers with SEPA and why to use it. Normally when you do international transfers (cross border transfers), you will be charged for an exchange fee, an exchange rate loss and a …
Bank accounts in foreign countries do have the same advantage as discussed in previous article. You will save the exchange fee and the exchange rate, but you will also be doing domestic payments instead of doing international payments. Domestic payments are much cheaper than international payments. Typically, depending on your bank of course, a domestic …
STEP 3, Consider Bank Account In Foreign Country Read More »
