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Expert insight for financial professionals
Expert insight for financial professionals
In 2020, 74% of organizations became the target of payment scams, and companies lost more than $3.6 billion due to fraud. Knowing that your company isn’t alone may not be exactly comforting, but a simple solution can fix commonly occurring weaknesses.
Read moreIssuing 1099s is a crucial part of US tax reporting requirements, so here are the top considerations your accounts payable team needs to understand about 1099 reporting requirements.
Read moreInvoices are now more likely to have additional charges ranging from freight surcharges to “COVID” charges to environmental fees. In this post, we will discuss the rise of surcharges and how you can manage them.
Read moreEconomists caution that the US and Europe are facing increasing risks of sliding into recession. More than ever, now is the time to fast-track AP automation to accelerate gains in productivity and cost savings.
Read moreHaving a strong AP process requires constant innovation and continuous improvement to address evolving accounts payable problems.
Read moreProcurement teams are looking to ensure that their people, processes, and technologies are best placed to deliver on critical procurement trends that will define 2022 and beyond, and not fall behind what is considered best practice within the industry.
Read moreAll organizations, regardless of size are susceptible to invoice fraud. Significant increases in the number of people working remotely has lead to reduced visibility and control over AP processes and subsequent increases in fraudulent activity.
Read moreCash flow management should be treated as a major priority by organizations of all sizes, given how accurate an indicator it can be of a business’ long-term financial health.
Read moreEstablished companies must adopt digital transformation strategies to remain viable in the markets that they serve. However, despite the use of e-Procurement systems for the last 15 years, many aspects of procurement remain manual, and prone to human error.
Read moreIn order to make sure your procurement department is making the best choices possible, it is important to understand the nuances related to indirect spend management compared with direct spend management.
Read moreGlobal supply chains have been severely disrupted since 2020. It is vital that organizations prepare for further disruptions with resilient and adaptable plans.
Read moreHere we run-through 7 important accounts payable performance metrics that can be monitored to ensure that your AP department is running both efficiently and effectively.
Read moreThe slow pace of approval and payment of non-PO invoices in a manual system makes the process inferior, time-consuming, and frustrating for AP professionals. Read on to find out what companies can do to overcome these challenges.
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