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spac Business Banking Plus
In Business Banking Plus

Word of the Week – SPAC

March 16, 2023 3 Mins Read

What is a Special Purpose Acquisition Company (SPAC)? A Special Purpose Acquisition Company (SPAC) is a shell company that is…

business process management Business Banking Plus
In Business Banking Plus

Business Process Management: Definition, Lifecycle and Benefits

March 16, 2023 5 Mins Read

Business Process Management or BPM enables business bodies to streamline their workflows and ensure increased profitability. It refers to the…

wire transfer Business Banking Plus
In Business Banking Plus

What are Wire Transfers?

March 16, 2023 5 Mins Read

Back in the the1900s banks used telegraphic wires to transfer money. This was done by sending telegraph messages that contained coded…

invoice processing Business Banking Plus
In Business Banking Plus

What is Invoice Processing?

March 16, 2023 6 Mins Read

Invoice processing starts with the accounts payable department receiving an invoice, verifying its details, getting approvals, and making payment.

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