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Protecting Accounts Payable From Smarter, Faster Fraudsters

PYMNTS

In an interview with Doug Cranston, vice president of product management at Bottomline, the executive noted that in the age of speed, fraudsters are able to more easily exploit firms’ vulnerabilities, compromise their accounts payable process and get away with ill-gotten gains, often to vanish without a trace.

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The new accounts payable department & the future of payables

Future CFO

So, what does the New Accounts Payable department look like? The new accounts payable department has a more intense focus on cash flow and payment terms and takes a more disciplined approach to its financial processes to work toward optimising the cash conversion cycle. What has changed, and what changes are here to stay?

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Automate Or Stagnate: The Choice Accounts Payable Departments Face

PYMNTS

This stumbling block to innovation is often visible in accounts payable (AP) departments, Corcentric SVP of Sales Daniel Andrew told PYMNTS in a recent conversation. Manual, paper-based invoicing systems are objectively worse in every metric when stacked against automated, digital AP systems that leverage straight-through processing.

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Deep Dive: How Businesses Solve Capital Management Conundrums

PYMNTS

Businesses of all sizes struggle with capital management, regardless of whether they employ staff or seek out third parties to handle their cash flows, accounts payable (AP) and accounts receivable (AR) processes and other related tasks. This affects companies’ creditworthiness, which is crucial to helping them secure loans.

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AP/AR, Payments Yield To The Processing Might Of Automation

PYMNTS

There’s simply no longer the time or bandwidth for manual accounts payable (AP) and accounts receivable (AR). An inefficient accounts payable process can lead to the loss of potential volume discounts, require additional staff and drive up the cost of processing,” the report continued. The poll of 325 U.S.

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JPMorgan: Using Transaction Data To Help Merchants Optimize Cash Flow

PYMNTS

To achieve this objective, merchants can leverage payments data to better understand their customers’ behavior. When used in aggregate and de-identified format to comply with privacy standards, such payment data can provide businesses with valuable insights while meeting compliance requirements and maintaining high security standards.

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NEW DATA: Making The Business Case For ePayables

PYMNTS

They can also benefit by reducing costs and boosting payment speed and security. The Optimization and ePayables Playbook , a PYMNTS and Mastercard collaboration, explores how financial decision-makers are leveraging ePayables technology to optimize their companies’ B2B operations.

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