Hubler Blog

How to Manage Lease Obligations at Period End — Accruals and IndAS 116 for Indian Finance Teams Why GRNs Arrive Late — and What It's Costing Your AP Process GRN in Three-Way Matching: The Step Most AP Automation Gets Wrong How Hubler Captures GRNs — Mobile, WhatsApp, Email, PDF, and Every Channel In Between What is a Goods Received Note (GRN)? Complete Guide for Procurement Teams GRN vs Delivery Challan vs Delivery Note: What's the Difference in India? GRN Automation: How Enterprise Procurement Teams Are Eliminating Manual Goods Receipt Rent Escalation Management: How Enterprise Retailers Govern CPI-Linked and Fixed Escalation Clauses IndAS 116 and IFRS 16: A Practical Guide for Indian Enterprise Finance Teams What is Lease Management Software? A Complete Guide for Enterprise Teams Retail Lease Management in India: How Multi-Store Brands Manage 200+ Store Leases What Missed Lease Renewals Really Cost Enterprise Retailers Retail Digital Transformation Challenges — Explore key retail digital transformation challenges, like data privacy and system integration. A Complete Guide to Process Efficiency: Importance and Key Steps — Process efficiency is the overall productivity and efficiency levels of a particular business process that can be measured using key performance indicators (KPIs). In this guide you'll find several key aspects of optimizing business process efficiencies and explore the steps to achieve them. Know the Importance of Workflows (With Examples) — Workflows play a key role in streamlining and automating time-consuming and repetitive day-to-day organizational tasks by maintaining a set organizational processes. In this article, know about the importance of Workflows along with examples. Retail Digital Transformation: Getting Started — Learn how to kickstart your retail digital transformation journey. Insights for modernizing your business for enhanced customer satisfaction and growth. Purchasing Cycle - Everything You Need to Know about Purchasing Cycles — The purchasing cycle refers to the overall process of processing a purchase order from start to end. Learn what the steps are and also what are the challenges. What is the Purchase Order Cycle (PO Cycle)? — A purchase order cycle is a process of verifying and processing a purchase order. Learn the steps involved and how it fits into a modern and frictionless procurement process. What is GRN (Goods Received Note)? A Comprehensive Guide — GRN (Good Received Note) is a document that confirms the delivery and receipt of goods shipped by the supplier. In this article, learn what a GRN is and how a GRN is used in procurement. Why does the Retail Industry Need Digital Transformation? — Discover why digital transformation is vital for retail. Learn how it enhances customer experiences, improves operations, and builds a competitive edge. Lease Amortization Schedule: What is it and How is it Calculated? — Lease amortization is the procedure of paying off a debt gradually through a series of payments scheduled at regular intervals. This article talks about the lease amortization schedule and how to handle its intricacies for ASC 842. Busting No-Code Myths — Discover the truth about no-code platforms. We debunk 11 common myths and reveal how no code app builders can transform your business operations and drive innovation. The Ultimate Franchising Guide [2024] — The Ultimate Guide to Franchising Success in 2024! Choosing Between No-Code Vs AI: A Guide — What is the last word on the No-Code vs AI debate? Learn when to use No-code and AI and how either approach can help you achieve business goals faster. Mastering Payments and Reconciliation in Procure-to-Pay — Our guide will help you explore the secrets to efficient procure-to-pay processes. Learn how to optimize and ensure accurate payments and reconciliations. Retail Transformation: No-Code Success Stories — Transform your store and retail operations with simplicity and speed. Explore how retail companies have used no-code software to transform a variety of operations, from inventory management to streamlined recruitment and onboarding. Key Elements of Retail Transformation — Explore the importance and key elements of a retail digital transformation strategy. Introduction to Retail Transformation — Explore the technologies that can drive retail transformation in 2025 and beyond - no-code platforms, IoT, and AI. Best Practices and Tools for Invoice Management in Procure-to-Pay — Discover best practices and tools for effective invoice management in the procure-to-pay cycle. Streamline your processes and enhance AP efficiency. What is a Planogram? The Retailer's Guide — Planograms can transform your store layout and enhance revenue generation and store appeal. A deep dive into planograms and why they are important in retail. DIY Restaurant Opening and Closing Checklist — Maximize your retail store customer experience with our comprehensive Retail Store Opening Checklist. Pick and choose what matters to you from our comprehensive checklist. When you are ready, explore Hubler's Retail Store Opening Checklist software. Visual Merchandising for Retail Stores — A short guide on visual merchandising and why displays, color, lighting, and other elements matter for retail stores to attract customer attention. How can Procurement Software be Customized? — Discover how procurement software can be customized to meet your unique business needs. Explore customization options to enhance efficiency and streamline processes. Streamline your Goods and Services Procurement — Streamline your goods and services procurement with our guide. Discover solutions for order clarity, negotiation, vendor selection, and cost transparency. Procurement Systems and Software You Need in 2024 — Explore the various procurement systems and software that Procurement teams can use to control costs, manage suppliers, and simplify operations. Can No-Code Drive Speed for Retail? — Discover how no-code platforms can help retailers rapidly develop custom software. Learn about the benefits and applications of No-Code in retail. Assess Retail Store Experience with a Mystery Shopper Audit [2024] — Learn how to evaluate and improve your retail store experience in different ways. Dive into Mystery Shopper Audits and why they are popular. The Ultimate Guide to New Store Opening [2024] — Growing retail and food brands spend 30% of their resources on new store openings. While every enterprise has their own NSO process, here are some practical suggestions to streamline your new store opening process. Is It Possible to Bypass ERP for Retail Transformation? — Is bypassing ERP feasible for retail transformation? Learn about alternatives and strategies for legacy systems, new ERPs, and growing retail businesses. The Role of Procurement in Supply Chains — Discover the critical role of procurement in supply chain management. Learn what this phase involves, its impact, and the goals in this blog. DIY Retail Store Opening Checklist — Maximize your retail store customer experience with our comprehensive Retail Store Opening Checklist. Pick and choose what matters to you from our comprehensive checklist. When you are ready, explore Hubler's Retail Store Opening Checklist software. The Franchisor's Guide to Franchise Expansion — Actionable guidance on successful franchise expansion. Learn how to grow your franchise business with a quick primer and actionable advice. 11 Questions to Ask Before Buying a Franchise — 11 questions you must answer before buying a franchise. Answers to these questions will help you evaluate the profitability and long-term success of the franchise. Franchising Business Models Explained — Explore the 5 popular franchising business models and find the right fit for your entrepreneurial journey. Top 7 Franchise Management Challenges and How to Solve Them — Struggling with growth and operational inefficiencies because of franchise management challenges? Here are the seven most pressing issues franchisors face today and how to solve them. Franchising vs Licensing: Everything You Need to Know — This detailed guide for business owners who want to expand their business explains the differences in Franchising vs Licensing and what might be the best route forward. 6 Retail Operations Processes to Automate in 2024 — Retail operations is heavily dependent on manual processes. They are also difficult to automate because off-the-shelf software does not exist. No-code platforms offer a faster, better, and easier way to automate these processes with custom-built software. The Top Retail PoS Software for India in 2024 — Discover the top Retail PoS software in India for retailers to grow their sales and improve their operational efficiency. Best Franchise Management Software of 2024: The Top 6 — Discover the top 6 franchise management software options for 2024. Streamline operations and maximize efficiency. 6 Must-Have Retail PoS Features — Explore the operations challenges you can solve with retail PoS software. Here is everything you need to look for while shopping for retail PoS software. 3 Must-Have Features for FMCG Field Sales Management Software in 2024 — Field sales operations are heavily dependent on people and manual processes. The right field sales management software can help FMCG companies do more than just automate processes. From efficient activity planning to real-time market intelligence, choosing the right field sales software will maximise value at every step. Navigating the Maze: Breaking a Commercial Lease Made Easy with LeasO — Discover your options for breaking a commercial lease and simplify the process with LeasO, a comprehensive lease management software. From negotiating with your landlord to subleasing and legal considerations, streamline your lease termination with LeasO's powerful tools and centralized document management. 6 Features your Franchise Management Software Must Have in 2024 (Plus 1 Cool Bonus Feature) — Franchise Management operations are dependent on tedious manual processes. The right Franchise Management software can help companies do more than just automate processes. How to Franchise Your Business in the US — Thinking of franchising your business? This guide explores how to franchise your business in the US, including key considerations and legal steps. Definitive Guide to Franchise Operations — Learn how to effectively run your franchise operations and ensure operational consistency and uniformity across your entire franchisee footprint. The Complete Guide to Franchising a Business — Discover the ins and outs of franchising a business with our comprehensive guide. Explore how the franchise model works, its advantages, and more. How to Effectively Manage Multiunit Retail Enterprises — Small operational inefficiencies can have cascading impacts in multiunit retail enterprises. The reverse is true as well. This blog explores strategic ways for multiunit enterprises to enhance operations. No-Code Financial Process Automation: A Definitive Guide for Finance Leaders — Discover how no-code tools can help your Financial Process Automation (FPA) initiatives by streamlining collaboration, increasing speed of automation, and enhancing efficiency. Learn about key FPA opportunities in Accounts Payable, Accounts Receivable, Invoice Management, Lease Accounting, and Franchise Management. Simplify Your Business Process with No-Code Automation: The Ultimate Guide — Small operational inefficiencies can have cascading impacts in multiunit retail enterprises. The reverse is true as well. This blog explores strategic ways for multiunit enterprises to enhance operations. A Strategic Guide to No-Code for Operations Leaders — Discover how operations leaders can transform business operations without writing code. Learn about core principles, real-world examples, and industry-specific benefits in this comprehensive guide on no-code operations. A Guide to Workflow Automation and its Best Practices — Workflow automation means using a tool to build, execute, manage and troubleshoot a task without requiring manual assistance. Once the automation tool is configured, it can carry out the process on auto-pilot until the end conditions are met. In this article, learn what are its benefits and some of its best practices. Top Features to Look for in a Sales CRM — Customer Relationship Management (CRM) software has become an essential tool for businesses to manage their sales operations efficiently. In this article, we will explore the top features to look for in a sales CRM software. Workforce Optimization: Maximizing Your Business's Efficiency — In today's fast-paced business world, companies need to optimize their workforce to stay ahead of the competition. In this article, we will explore the benefits of WFO, provide examples, explain WFO software, and discuss effective WFO strategies. ASC 842 Survival Guide: Harnessing LeasO for Subsequent Measurement Success — Explore how lease management software simplifies subsequent measurement of leases under ASC 842 guidelines. Streamline lease accounting, automate calculations, and ensure compliance effortlessly in this insightful blog. Top 3 Challenges With Commercial Lease Management — Looking to overcome challenges in commercial lease management? Discover how LeasO lease management software simplifies your job. Streamline lease document organization, automate term tracking, and streamline financial management with LeasO. How Space Utilization Analytics Help Level Up Your Real Estate Strategy — Discover how space utilization analytics can revolutionize your real estate strategy. Learn how LeasO's lease management software empowers businesses with data-driven insights, optimizing space allocation, reducing costs, and enhancing tenant experiences. ASC 842 Lease Identification: Streamline Your Process with These 4 Steps — Learn the essential steps to accurately identify leases under ASC 842, ensuring compliance and efficient lease management. Discover how LeasO's innovative lease management software streamlines the process. What Are Business Rules And How To Use Them — Business rules is a series of guiding principles, or instructions that outline specific company actions and limit or regulate certain operations. Here is an extensive guide to understand the implications, significance, and real-world implementation of business rules. Simplifying the Assessment of Materiality and Recognition Thresholds — Discover how to assess materiality and recognition thresholds in lease management effectively. Streamline the process and ensure compliance with the help of lease management software. What is a Business Rules Engine?: Benefits and Examples — A business rule engine is a rule management software that automates decisions involved in the various processes of a business. Learn how it provides value and its different. Navigating ASC 842: How Lease Accounting Changes Affect Debt Covenants and Bank Capital Requirements — The implementation of the Accounting Standards Codification (ASC) 842 has brought significant changes to lease accounting practices. With the revised guidelines, organizations are required to… A Definitive Guide To People Process Technology Framework — Originating in the 1960s, the PPT framework remains an essential business strategy to improve organizational efficiency between employees and operational systems. In this article learn what it is and how you can implement it in your business. Asset Life Cycle Management: Importance, Stages, and Best Practices — Asset life cycle management is a method that takes an analytical and strategic methodology to the maintenance and administration of a company's assets. This article covers prominent aspects of asset life cycle management and why it holds immense importance for businesses. How to Perform a Lease Classification Test with LeasO — Discover the benefits of using LeasO, a lease management software, to streamline the process and ensure compliance. Optimize your lease accounting and financial reporting with confidence. All You Need to Know About Requisition Number — The requisition number refers to a unique system-generated digit that helps procurement managers track the requested goods and services with a full audit trail. In this article, learn about purchase requisition, purchase requisition number, and purchase requisition form, Automate Your Purchase Requisition Form on Hubler Platform — A purchase requisition form is internal document employees use to put requests for the purchase of goods for restocking purposes. In this article, learn why to use Hubler to make automated purchase requisition forms and how you can make it. Section 8 Property Managers: What They Do and How to Find Them — This article will explain what Section 8 housing is, the requirements for landlords and tenants, the advantages and downsides of Section 8 property management, and how to find a Section 8 property manager. Your Go-To Guide to Business Process Design — Business process design is about creating wireframes and workflows from scratch that lead to a successful business process. In this article, learn what are the benefits of BPD and how it is different from business process mapping. What is Capitalized Lease Method And How Does It Work? — The capitalized lease method serves as an efficient method of accounting for leases. Fundamentally, the lease obligation of a corporation gets recorded as an asset under this method of accounting. This article talks about the capitalized lease method, discusses capitalized lease obligations, explains its workings, and uses an example to illustrate the concept. Everything You Need to Know About Centralized Purchasing and its Benefits — Centralized purchasing is a purchasing system in which all of the branches of a company situated worldwide can make purchases through a single organization that handles all of the company's purchasing requirements. In this article know what it is and what are its benefits. Choosing the Right Lease Accounting Software: A Comprehensive Guide for Businesses — Discover how to choose the right lease accounting software with our comprehensive guide. Streamline operations, ensure compliance, and enhance efficiency with lease management software like LeasO. Read now! Understanding Rental Concessions: Meaning, Types, Pros, and Cons — A rental concession is a compromise a property owner makes to the terms of a lease agreement intended to entice tenants. This guide covers the meaning and prominent types of Rental Concessions, as well as its pros and cons. Mastering Lease Accounting for Foreign Exchange Rates with LeasO — Optimize lease accounting for foreign exchange rates in the USA market with lease management software. Streamline workflows, ensure compliance, and enhance financial visibility. 3 Must-Have Attributes in Real Estate Management Software — Discover the three must-have attributes in real estate management software and how LeasO can revolutionize your processes. Streamline lease management, enhance financial visibility, and improve tenant relationships. Read now for a comprehensive guide! Rent Abatement 101: Understanding the Basics for Commercial Properties — Under the rent abatement provision, a tenant is allowed to suspend all rent payments for a stipulated time or only pay a percentage of the rent. Learn more about rent abatement, it's types and terms in this guide. ASC 840 vs 842: What You Need to Know — If you’re running a business or just want to understand these standards, this article will provide you with a comprehensive overview of ASC 840 vs 842. Understanding The Difference Between Process vs Procedure — The words process and procedure might feel similar but they are quite different. In this article, learn what they are with the help of examples. An Extensive Guide to Preferred Vendors, Agreements, and What to Look for — A vendor who has been inspected and authorized by an organization gets referred to as a preferred vendor in that company. Here's a comprehensive guide covering what is a preferred vendor, the significance of preferred vendor contracts, and the top qualities to look for while selecting one. A Purchase Manager’s Guide To PO System for Small Businesses — A purchase order (PO) is a formal document between a buyer and a supplier created when an order for goods/services is being placed. Find out what other incredible benefits a PO system can offer your small business in this article. Top 5 Outsystems Alternatives To Choose From in 2023 — Learn about the top 5 Outsystems alternatives out there for everything related to no-code. A Guide to Designing Workflows: Best Practices, Tips, and Templates — The workflow design is the process of detailing each of the tasks, activities, operations, and processes in a visual/graphical format, such as flow diagrams or flowcharts. This guide covers best practices to follow while designing workflows, useful tips and templates, as well as challenges. What Is Tasks Automation And How And What Are The Benefits Of Doing It — Tasks automation is the activity of using software or a tool to automate your employees' daily tasks. It saves them time and lets them concentrate on more important problems, improving business processes. Best Practices For Effective Employee Onboarding — a poorly executed onboarding process can lead to employee disengagement, decreased productivity, and higher turnover rates. That's why it's important to have best practices for effective employee onboarding. Bills vs. Invoices: Their Meaning And Key Differences — An invoice is a legal accounting document issued by a vendor to their customer, outlining the products/services provided to them by the vendor. A bill is an accounting document that reminds customers who are receiving the products/services that they have to pay a certain amount to the supplier. Squatter Rights: Understanding Squatting and How to Navigate It — In this article, we'll cover what a squatter is, what squatter rights are, how to navigate squatters, how to evict a squatter, which states have squatters' rights, and the difference between squatting and trespassing. What is Lease Administration And How To Effectively Manage It — Lease administration is a continual process of checking whether the lease's key business points and legal information are being adhered to. Learn why it's important, the tasks related to it, and effective ways to manage it. Everything You Need To Know About Accounting For Leasing — Lease accounting refers to the process used by companies to record the financial impact of their leases. In this article, learn what it is, how it is done, and who are the parties involved. All You Need to Know About Estoppel — An estoppel certificate refers to a letter or statement agreed upon by a tenant or landlord that a commercial lease agreement with all its stated clauses exists. Know what it is, how it works, and its different types. Mastering Lease Accounting: How LeasO Revolutionizes The Lifecycle of Lease — Streamline lease acquisition, administration, accounting, and reporting for efficient and error-free operations with LeasO, the powerful lease management software. Notes Payable vs. Accounts Payable: The Differences Explained — Notes payable are the long-term debts a business has collected with a promise to pay them back within the terms set in a legally binding document (like a promissory note). Accounts payable can be defined as the short-term payment liabilities that your business may have towards its associates, vendors, or suppliers. Commercial Real Estate Appraisal : A Detailed Guide — A commercial real estate appraisal is the process of getting a commercial property evaluated by a professional appraiser for buying or selling purposes. Learn what it is, how it's done and what are its benefits. What is Incremental Borrowing Rate And When To Use it in Lease Accounting — The incremental borrowing rate refers to the interest rate a lessee needs to pay to be able to fund an asset. In this article, know what it is, when to use it in your lease accounting, why you need it, and when you can update it. Capital Lease vs. Operating Lease - Which One Should You Choose? — A capital lease affects your ledgers whereas an operating lease doesn't. In this article, we compare capital leases vs. operating leases, how they work, and what are the pros of using them. Subleasing Made Easy: How LeasO Enhances Office Space Management — Discover the benefits of subleasing office space and streamline the process with lease management software. Save costs, gain flexibility, and access prime locations in the market. Learn more! Lessor vs. Lessee - Who Are They And How Are They Different? — The major difference between a lessor and a lessee is their position in a lease. While the lessor is the one that holds the rights to a property/asset, the lessee borrows the right of use of the property/asset for a certain period of time. Understanding The Difference Between Budget Vs. Actual Variance — Budget vs. actual variance is the method through which a business calculates the difference between its proposed budget and the monetary amount on hand. In this article, know what it is, what are its primary types, what causes it, and the steps to perform it. What’s The Difference Between Leasing And Financing? — Leasing is the term used to describe a contractual agreement that allows companies to utilize and manage an asset without actually having to own it. Financing refers to an agreement in which a financial institution provides the client with the funds necessary to purchase an asset. In this article, know how they are different, their benefits, and which one is better. The Power of Lease Accounting: Maximizing Efficiency in the Lease Life Cycle — Unlock the benefits of lease management software like LeasO and learn how lease accounting plays a crucial role in optimizing the lease life cycle. Explore streamlined processes, enhanced compliance, and improved decision-making in the market. Maximize efficiency and unlock financial success. New Lease Accounting Standards - What it is And How it Affects Your Company — The new lease accounting standards provide greater clarity, transparency, and legal support to companies engaging in lease transactions. The new lease accounting standards apply to all private and public entities engaging in lease transactions. This article will give all the information needed to engage in lease contracts. What Is Right-Of-Use Assets (ROU) And How Is It Determined — In Right of Use, assets now capture specifics of how a lessee gets the authorization to utilize an asset if it's mentioned in a lease during a contract's duration. It does so in a way that makes it easy to understand. In this article, know what it is, how its value is determined, and how it's calculated. What is Lease Abstraction And Why You Need It — Lease abstraction aims to simplify complex lease documentation. It is a summarized version of important lease terms, conditions, and relevant lease data derived from the original lease document. Learn what lease abstraction contains and why you need it. Everything You Need to Know about IFRS 16 — This guide covers all crucial aspects of IFRS 16 in an attempt to break down lease accounting component and help weigh the benefits, drawbacks, and overall impact it will have on a company's books. 5-Step Guide to Streamline Initial Lease Measurement with Leaso — Optimize lease accounting with Leaso. Simplify initial lease measurement, automate calculations, ensure compliance, and streamline lease data management...... The Difference Between Direct VS Indirect Procurement — Discover the dissimilarity between Direct and Indirect Procurement, from their functions to impact on business operations. Gain valuable insights now! What All You Can Create On Hubler — Hubler allows you to build different kinds of apps. You can make your own fully-customized CRM, asset management system, employee directory, and more. What is A Procurement Strategy? 9 Steps To Develop One — A procurement strategy is a process of how the procurement manager handles the procurement of materials or supplies. In this article, know the steps in building a solid procurement strategy. Here's Everything You Need to Know About GASB 87 — The GASB 87 mandates all leases with terms longer than a year to be represented as liabilities and right-of-use (ROU) assets, in an effort to make financial information more actionable. This extensive guide on GASB 87 covers all crucial aspects of this lease accounting standard. What is a Graduated Lease And How Does It Work — A graduated lease is a type of lease agreement between the parties involved where they agree to an adjustment of monthly payments on a periodic basis. In this article, know what it is, how it works, and who can benefit from it. What is Strategic Sourcing and Why is it Important? — Strategic sourcing is a process to purchase the best possible products and services for optimal value. Learn the benefits and process involved in strategic sourcing How Can Lease Management Software Simplify Your Business? — Discover how lease management software streamlines operations, improves compliance, and enhances efficiency for businesses. Read more at Hubler What is a Lease Commencement Date And How To Implement It — In this article, know the different types of commencement dates, why you should document the date, and how you can implement it. Read more at LeasO. The Ultimate Guide to Lease Incentives: Meaning, Types, and Examples — Learn about lease incentives and how they can benefit both landlords and tenants in the real estate industry. Read more at LeasO. Sales Leaseback: What it is and Who Can Benefit from it — Under the sales leaseback arrangement, a seller sells an asset to a buyer, who then agrees to lease back the asset to the original seller immediately. This guide covers the definition and types of sales leaseback, who can benefit from it and how does it work? How to Choose the Right Sales CRM: Factors to Consider — In this article, we'll provide insights and tips on how to choose the right sales CRM for different types of businesses. A Guide to Business Process Improvement (With Examples) — The ultimate goal of process improvement is to reduce inaccuracies, cut costs, and streamline the business process in order to increase revenue. In this article, learn what process improvement is with the help of examples and how to improve it with digital automation. No-Code App Builders: The 9 High-Performance Platforms of 2023 — There are tons of no-code app builders you can use. In this article, learn about 9 no-code app builders and some of their key features that are ahead of the rest. ‍What is ASC-842 And What Assets Comes Under It? — Master the new lease accounting standard with our ultimate guide to ASC 842. Learn everything you need to know about compliance and implementation today. Offboarding Checklist: A Guide to a Smooth Employee Departure — When an employee leaves a company, it is essential to have a well-planned and executed offboarding process in place. In this article, we will explore what employee offboarding is, its importance, and the components of an effective offboarding checklist. What is Lease/ Contract Management Software? — Lease/contract management is the daily carrying out of tasks associated with a company's lease portfolio. In this article, get to know the features and functions of lease management software to ease your workflows. Your Definitive Guide to Understanding GASB 96 SBITA — The recent GASB 96 SBITA has been released keeping in mind the rapid digital revolution and enhanced usage of subscription-based information technology arrangements (SBITA). SBITA or subscription-based information technology arrangements can be understood as a contract allowing one party to use a vendor's information technology software alone or in combination with its tangible capital assets. Procurement vs. Purchase - A Definitive Guide — Procurement and purchase may sound similar but are quite different. In this article, learn what the steps involved are, and how are they different with examples. How Does A Digital Workflow Help And How To Switch To One — Digital workflows can include numerous individuals, teams, and tasks, just like a traditional process. They can be basic or sophisticated. However, they must be routine, repeatable operations. Learn what are the steps to switch to a digital workflow and how can software help with digital automation. Procurement Contracting: Significance, Types, and Best Practices — Procurement contracting entails the operations involved in negotiating and drafting legally enforceable agreements among suppliers and contractors as part of project management. In this holistic guide, we discuss several critical elements associated with the term procurement contracting. Understanding Lease Accounting: Significance, Standards, and Examples — The term "lease accounting" is the process through which a business keeps track of the financial implications of the leasing endeavors. In this extensive guide on lease accounting, we discuss what it is, its implications, and the key differences between lease accounting under old vs. new standards. The Ultimate Guide To Understanding SIPOC Diagrams — It is the practice that teams adopt to document business processes diagrammatically for a more holistic view and understanding of the process elements. In this article, learn what it is, why it is important, and what are the steps to create it. Is No-Code Really a Threat to Traditional Developers? — No-code platform is an interface that allows for the development of new apps without having to write a single line of code. It's considered a threat to devs. In this article, you'll learn whether no-code really is a threat or is it just a myth. Embedded Leases: Implication, Identification, and Examples — A simple definition of an embedded lease would be a lease contained within a more extensive contract or agreement. This guide contains definition, identification and implication of embedded leases, along with its example and types of contracts typically included in it. Your Guide To Calculating Journal Entries For Operating Leases — In this article, we will go through the primary requirements and steps to be followed while accounting for operating leases and making journal entries precisely, in accordance with ASC 842. 5 Ways No-Code Makes Your Business Better — In this article, learn 5 ways how no-code can be immensely useful for your business. One is how efficient it is to use. Another is how it eliminates shadow IT. Sourcing To Pay Vs Procure To Pay - What’s The Difference — Source-to-pay, commonly known as S2P, is a process that starts with finding, bargaining with, and dealing with a product supplier and finishes with receiving the final payment for those products Tenant Improvement Allowance - What All Does it Cover? — Tenant improvement allowance means funds granted to a tenant by a property owner to help with the renovations made to the office space. Here is a comprehensive guide that covers several facets of the Tenant Improvement Allowance (TIA), what it covers, how it's paid and negotiated, and much more. A Definitive Guide To Business Process Integration — Business process integration is the process of interconnecting different aspects of a company, such as people, resources, and technology, to create a unified environment. Learn what are its different types and what are its benefits. What is BPM in Healthcare - Meaning, Uses, And Benefits — Bpm in healthcare can streamline countless internal operations by positioning the establishment better in terms of data use. Learn why bpm is needed in healthcare and how to improve it. Finance vs. Operating Lease - What’s the Difference? — A finance lease is an agreement in which the lessor allows the lessee to use a particular asset for a fixed term. An operating lease is an agreement in which the lessee is allowed to use an asset with the permission of the lessor for a limited term. What are RFP and RFQ - meaning, difference, and benefits — RFP stands for Request for Proposal and RFQ stands for Request for Quote. In this article, get to know what they means, how are they different and their benefits. 7 Mistakes to Avoid When Using a No-Code Tool — In this article, learn about 7 mistakes users make in the process of no-code app development. One is not having clarity on the development cycle. Another is not doing a thorough check about the data security. Read and find out more. Top 5 Supplier Risk Management Strategies To Implement In 2023 — When an organization's ability to deliver products and services to its clients and customers gets threatened by challenges posed on the suppliers' end, such as a security breach or an operational breakdown, the company engages in Supplier Risk Management (SRM). ‍A Definitive Guide To Procurement Management — Procurement management is an approach businesses use to manage, monitor, and optimize the expenses on goods and services. Learn the steps, why you need them, and why you should automate them. Deferred Rent - Everything You Need To Know — Deferred rent occurs when a contract presents a tenant with free rent settlement for one or more than one rent term. In this article, know what it is, what a deferred expense is, and how it is different from prepaid expenses. An Ultimate Guide to Operational Excellence with Examples — Operational excellence is implementing a business process strategy more systematically and consistently than competitors, with fewer risk exposures, reductions in operation costs, and higher revenues compared to the competition. In this article, learn what it is and how can you achieve it A Definitive Guide To Contract Lifecycle Management — Contract lifecycle management is the continuous process of monitoring and managing a contract at every stage, keeping track of all the terms, conditions, and compliances so that your business may operate smoothly. Through this blog, you will glean what contract lifecycle management is and how leveraging technology for managing contract lifecycles can help your business. A Complete Guide To Process Lifecycle in 2022 — A process lifecycle is a practice of continuously implementing and improving the existing processes at an organization using methods that are sustainable and scalable. Learn why it's important and what are its different stages. No-code: A silver bullet for early-stage startups — Is your early-stage startup short of funds to hire engineers? No-code is just the solution you need. Read this article to know more: Is Hiring a Tech Team the Only Option for Early-Stage Startups? — In this article, get to know why early-stage startups should not build a tech team and what options are available to them. 7 features to look for when choosing Vendor Management Software — These 7 features ensure you get the most out of your vendor management software. 12 Prime Benefits of Incorporating a Software into Your CRM Processes — A CRM process is a collection of five essential steps that aim to establish and maintain a personalized, meaningful relationship between a brand and its customers. Learn what are the benefits of using a software in your CRM processes. What Is 3-Way Matching And Why You Should Do It — 3-way matching is the comprehensive procedure of checking goods receipt notes, purchase orders (PO), and the vendor's invoice to limit fraud, save funds, and keep satisfactory documents for the audit trail. Learn what are its benefits, its different components, and how Hubler can help you with it. How No-code Can Help Product Managers in Building Great Products — Life can be difficult as a product manager. Third-party apps sure make it a little easier, but there is a better way. Make your own customized app through no-code. It’s easier than you think. Read on to know more. The Rising Adoption of No-Code Platforms in India: All You Need to Know — Understand the rising adoption of no-code tools in India, how founders leverage this technology and common myths around no-code tools. 8 steps to create an app without writing a single line of code — You don’t need to learn coding or spend a large chunk of money in building your next application. This guide will help you through the process of creating an app on your own within 24 hours. 5 Essential Product KPIs to Track With No-code — When building a product, product managers have to always keep in mind the KPIs that revolve around it. In this article, know what are the essential KPIs to track as a product manager and quick tips to improve them. Do’s and Don’ts of No-Code App Development — Understand the journey of building your next application the right way by underlining the dos and don’ts of no-code app development. Workflow Management System - 7 Key Features to Look For — In this article, know what features to look for when choosing a workflow management system. It should be able to handle complexities, provide easy integrations with other popular apps, etc. 6 Tips For Choosing the Best Vendor Management Software — 6 incredibly important features and capabilities to look for while shopping for your team's next Vendor Management Automation Software. Workflow Automation and No-Code: Future of work — The future of workflow automation rests in universalizing the development capabilities using no-code platforms and solutions. Read this article to know more: Purchase Order System - How to Make It on Hubler Platform — In this article, know what a purchase order system is and find out if a purchase order is needed for your small business or not. You'll also learn how to build a purchase order system on Hubler with only a few steps. Vendor Management Workflow - How to Build it on Hubler — Guaranteeing the effectiveness and quickness of the procure-to-pay cycle is crucial to eliminating underperforming vendors. Read on to learn how you can build your own vendor management workflow on hubler. What Is Process Management - Benefits, Examples, and Steps — Process management is a continuous action a company generally exercises to accomplish its long-term strategic objectives. Learn its benefits, examples, and steps involved in it. Business Process Automation - A Complete Guide — Business process automation helps your business redirect your human resources away from the day-to-day routine tasks and has software programmed to execute these tasks instead. In this article, know how you can set up your process automation. How to Select the Right Vendor For Your Business — Vendor selection involves a multitude of steps to identify the requirement, select a budget, and evaluate which vendor is capable of delivering those services. In this article, learn what you should look for in a vendor when selecting them. Here is Everything You Need to Know About Lease vs. Buy Analysis — In a lease arrangement, the lender allows the lessee to use the asset for a fixed period in exchange for a specific period while still owning the legal ownership of the asset. Unlike leasing, the owner here acquires and buys the product/asset/service in exchange for money. In this article you will find key differences of Lease vs. Buy analysis, their pros and cons and factors to consider. Accounting for Capital Leases: What You Need to Know — Accounting for capital leases refers to a method in which a company treats assets that it has leased from a lessor in accordance with a capital lease agreement. Here is a comprehensive guide that covers all aspects associated with capital leases, from accounting treatment to examples. All You Need to Know about Asset Inventory Management — Asset inventory entails the process of documenting and delivering prominent details on an organization's assets. In this article, we discuss the several aspects associated with asset inventory management, how it's different from inventory management, and the key features to look for before deploying an asset inventory management system. A Guide to Understanding Leasehold Improvements — Leasehold improvements can be defined as the changes or modifications done to a property to suit the tenant's requirements before signing the lease. In this article, know how it works, what are its different types, and how its accounting is done. A Quick Guide on Full-Service Gross Lease and Its Advantages — A full-service gross lease (FSG) is an agreement where the property owner is responsible for maintenance, renovations, and other service charges of the property. In this article, know what it is, the terms related to it, and its advantages. What is Procure to Pay? Everything You Need to Know — Procurement management is a strategic process that oversees acquiring the products, materials, goods, and services in an organization. Read this article to know more A Detailed Look at Procurement KPIs — A procurement KPI, i.e., key performance indicator, monitors whether the activities your business is doing are sufficient to reach the goal you aimed for. Get to know the definition and types of procurement along with definition and 10 important procurement KPI's, in this article. Everything You Need to Know About Purchase Orders and PO Numbers — A purchase order can be understood as a legally binding document for the buyer as well as the seller. The PO number, i.e., the purchase order number mentioned on each purchase order, allows both buyer and seller to identify each purchase and maintain their accounts smoothly. Workflow Diagram: Definition, Types, and a Five-Step Guide to Create One — A workflow diagram is a visual representation of the steps involved in a business process. It shows the team what needs to be done in chronological order and who is responsible for the tasks. Learn what are its different types, the steps involved, and a few examples. A Detailed Guide to Material Procurement — Material procurement refers to the steps involved in discovering, evaluating, procuring, and purchasing the raw materials required for product development or delivery of a service. In this article we find, effective tips for material procurement, along with its importance, types and definition. Blanket Purchase Order - Benefits, Example, and How To Set It Up — A blanket purchase order is a long-term contract between a buyer and a supplier to supply a product or service at certain shipment and pricing terms. Learn its benefits and how to set it up. What is Invoice Approval And How To Create a Process For it? — Invoice approval refers to the procedure by which an organization verifies and authorizes supplier invoices for payment. Here's an extensive guide that covers several critical aspects of this process. 5 Best Ways to Start a Business Process Improvement Initiative in 2023 — Process Improvement is a strategy for enhancing and maintaining business operations by systematically discovering, assessing, and improving weak links. Here are some proven ways to help businesses launch a successful business process improvement initiative. Purchase Order vs. Invoices - What are the Key Differences? — Purchase orders are formal documents that outline the list of items a buyer intends to purchase from a vendor. Invoices are formal documents raised by a vendor toward their buyer requesting the release of payment for the goods and services rendered. Process Management Vs. Project Management - What's the Difference — Process management is the management of individual business processes like creating pipelines, defining funnels, etc. Project management is managing individual projects involving strategies and concepts like Scrum, Kanban, etc. In this article, learn what's the difference between them. 3 Simple Steps to Build Custom Dashboards With Hubler — In this article, learn how you can build intuitive dashboards on the Hubler platform Digital Workplaces: Busting 5 Common Digital Workplace Myths — In this article, get to know about the 5 most prevalent digital workplace myths that have been going around. One is that they are temporary. Another is it reduces productivity. Read this to know more. What is Supplier Relationship Management And Why Do You Need It — Supplier relationship management is a process to effectively manage your supplier relationships like workflows, vendor data, etc. Learn why you need it and what are its benefits. What is Vendor Management - Meaning, Role, and Challenges — In this blog post, we explain what vendor management is and what a vendor management process looks like. We also talk about a key challenge that VMs face in their careers, and how they can overcome this challenge to grow into Vendor Management leaders at their company. A Comprehensive Guide to Business Process Optimization — Business process optimization (BPO) is the practice of boosting the effectiveness of the pre-established procedures. This comprehensive guide will provide you with benefits of BPO, how to implement it, along with examples of its effect. Procurement Contracts: Meaning, Types, And Benefits — Procurement contracts are documents that legally bind the buyer and the seller. In this article, learn what it is, what it contains, what are it's different types, and what are its benefits. What Does T&E Stand for? A Guide To Understanding It — T&E is a measure of the expenses that occur during an employee's travel for business purposes. It is only applicable when an employee travels for business reasons, not personal ones. In this article, learn why it is important to track and how can you track it. A Guide to Process Excellence and How to Achieve it — Process excellence is a strategy where a business process is analyzed for irregularities, and improvements are made to enhance the business performance. In this article learn what are the steps involved to achieve it and what are its best practices to follow. Everything You Need to Know About Spot Buy — Spot buy is something your company does in response to a need that arises at the moment and cannot be put off for later. Learn when spot buying happens and when it's ideal. How is Supply Chain And Procurement Different From Each Other — In this article, learn everything there is to know about supply chain and procurement and how are they different from each other. Why an Office Automation System Is a Must-Have For Your Workplace — An office automation system is a software that helps businesses automate certain aspects of their tasks, processes, workflows, etc., at the workplace. Learn why you need it and how it can benefit you. Your Comprehensive Guide to Agile Workflow Methodologies — project management methodology that aims to boost the efficiency and success of a project. An Agile workflow refers to a series of dedicated steps involved in the end-to-end development of a product. Learn its different types, how it is different from other workflows, and its pros and cons. Understanding Workflow Vs. Process: They are NOT The Same Thing — Workflow is a series of actions required to finish a task. A process is a sequence of steps leading to a purpose; particularly a constant operation or procedure. In this one, we are dissecting workflow vs process and how they are different, and how they are connected. Everything You Need to Know About Continuous Process Improvement — Continuous process improvement is the constant monitoring of a process with a view to making improvements to achieve higher efficiencies. Learn what are the steps and strategies involved in the process. How To Use Intake Process To Make Data-Driven Decisions — The intake process refers to how a business receives incoming process requests from its customers. In this article, learn what it is, it's benefits, and some the best practices while using it. How is Sourcing Different From Procurement in the Supply Chain? — The terms sourcing and procurement can be used interchangeably, but they are quite different. This article explains how both processes differ and the steps involved in them. Purchase Order Process - Steps, Benefits, Best Practices — A purchase order is the approval of an order sent by a buyer to the supplier of goods/services. Learn what the steps involved are, what are its benefits, and how Hubler can help you with this. What Is a Procurement System And Why You Should Get One — A procurement system is the automation tool/platform used by the business for purchasing and inventory management processes. Learn what are its benefits and what features to look for in a procurement system. What does Vendor Management do? Does it help? — What exactly is Vendor Management and why is it important? How Can Low-Code Automation Reduce Your Manual Workload — With low-code automation, businesses can build, deploy, automate and manage applications and workflows with little coding expertise. In this article, learn how it is different from no-code, its benefits, and a few of its use cases. The Ultimate No-Code App Development Guide — The Ultimate Guide for No-Code App Development and No-Code Platforms Lease Amortisation Schedule: How to Build One Under IFRS 16 (With a Worked Example) — The lease amortisation schedule is the core calculation that sits underneath IFRS 16 and Ind AS 116 compliance. Every lease on your balance sheet needs one. Every month, it generates the journal entri New Store Opening Guide: How Fast-Growing Retailers Execute NSO at Scale — Opening one store is a project. Opening 50 stores a year is an operation. The distinction matters because the tools, processes, and governance that get a single store open on time don't scale. What wo Invoice Approval Process: How to Build a Workflow That Actually Works at Scale — The invoice approval process is one of those things that looks simple until you're running it at scale. A small business with five vendors and a single approver has no problem. An enterprise with 500 How Can Cost Control Help Your Business And 5 Ways To Do It — Cost control refers to various actions and procedures a business or organization implements to decrease its direct cost and increase profitability. In this article, you will find importance, factors and methods of cost control along with types of business costs. IFRS 16 Complete Guide: What Every Finance and Operations Leader Needs to Know — Most enterprises discovered what IFRS 16 really means not when the standard was published, but on the first balance sheet date after it went live. The headlines were manageable enough: operating lease Right-of-Use Asset: Definition, Calculation, and IFRS 16 Accounting Treatment — The right-of-use asset is one of the two balance sheet items that IFRS 16 requires lessees to recognise — the other being the lease liability. Together, they represent what was previously invisible: t Retail Digital Transformation: Why It Fails at Execution (And What to Do Instead) — India's retail sector has spent the last decade investing in digital transformation. ERP systems went live. Loyalty platforms were built. E-commerce channels were launched. Analytics dashboards were p

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