Glossary
Business management glossary
Plain-language definitions for strategy, finance, and operations terms.
Glossary
Business management
6 terms
A
2 terms
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Contracted recurring revenue normalized to one year, common in subscription businesses. ARR is a primary valuation metric for SaaS companies and is used to track growth, forecast revenue, and benchmark against peers.
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An iterative approach to planning and delivery that emphasizes adaptability and customer feedback. Agile teams work in short cycles (sprints), deliver incremental value, and adjust priorities based on real-world results rather than rigid plans.
AI & automation
1 terms
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A software agent that uses artificial intelligence to automate tasks, respond to users, and make recommendations based on context and data. AI agents can handle repetitive processes like scheduling, data entry, and customer inquiries, freeing employees for higher-value work.
Finance & budgeting
2 terms
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Money a company owes to suppliers for goods or services received but not yet paid for. Managing accounts payable effectively improves supplier relationships, captures early-payment discounts, and protects cash flow.
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Money owed to a company by its customers for goods or services delivered but not yet paid. Efficient AR management shortens the cash conversion cycle and reduces the risk of bad debts.
HR tech
1 terms
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Applicant Tracking System; software to manage job postings, candidates, interviews, and hiring pipelines. An ATS streamlines the recruitment process, improves time-to-hire, and ensures a consistent candidate experience.
