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Procurement Tech Offers Relief To Healthcare Firms Stretched To The Brink

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Procurement within the healthcare industry is perhaps more complex than most sectors thanks to an array of factors, but when the pandemic hit, many of the typical challenges exploded into insurmountable hurdles. Even outside the circumstances of a global pandemic, healthcare procurement processes can be convoluted.

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The Spice House On A Recipe For Secure, Cross Border AP

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The COVID-19 pandemic is putting accounts payable (AP) department practices to the test. Businesses are doing their part by having employees work from home, but some companies are struggling to keep operations secure as opportunistic fraudsters aim to take advantage of the pandemic’s disruption.

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Moving The Business Payments Focus From Price To Process

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“We’ve seen the acceleration [away from manual, paper-based back-office functions] due to employees working from home” and issues tied to security and battling potential fraud, Joiner said. We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner.

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Corporate Fraud Reveals The Breadth Of Scammer Tactics

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The Federal Trade Commission recently filed a complaint against Yellowstone Capital, Fundry and their officers, alleging the merchant cash advance companies had been withdrawing funds from small business bank accounts. 300,000 was stolen by an accountant in Australia , according to ABC.net.au

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Troubled NMC Health Suspected Of Faking Drug Orders

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Investigators examining alleged wrongdoing at once high-flying UAE healthcare provider NMC Health are exploring whether the company falsified drug orders to inflate the books of a related company through which NMC raised debt, the Financial Times reported on Monday (Aug. According to Reuters , NMC operates more than 200 facilities in the UAE.

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Billtrust CEO: B2B Buyers Ignore Suppliers’ Payments Preferences At Their Peril

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Drill down a bit, and average DSO have been notably on the rise in verticals such as construction (up 10 days to an average 53 days) and healthcare (up seven days to 49 days). So now they have to access that secure document from a home environment, with all those emails coming in. How do you do that from a remote environment?”.

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Airbnb’s Business Travel Investment Leads B2B Funding For The Week

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The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. The company said it plans to use the investment to further build out its lending operations.

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