PYMNTS

JUNE 20, 2019

Between data breaches exposing customer details and card information and the rise of card-not-present fraud as operations move online, digital businesses are challenged to stay abreast of payment security trends — and fraud is a massive issue for firms large and small. The False Positive Threat.

B2B 73

B2B Accounts Payable Invoicing B2C 73

PYMNTS

JUNE 9, 2020

With accounts payable (AP) departments no longer able to step into their offices to print, sign and send checks, supplier payments quickly moved to the center of companies’ modernization discussions. But according to Anderson, there are other ways corporates can further mitigate the friction of modernizing accounts payable.

Accounts Payable 53

Accounts Payable Reconciliations CFO Accounting 53

PYMNTS

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. Firms looking to strengthen their interactions with customers and vendors by adopting comprehensive, automated AP and ERP solutions are increasingly turning to cloud-based products in lieu of on-premises systems.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

PYMNTS

JANUARY 18, 2021

With a second Paycheck Protection Program (PPP) on the way, small businesses have yet another chance to secure much-needed financial relief. Yet the new bill fails to address the gaps that allowed for fraudulent activity among some businesses that had secured PPP loans in the first round of stimulus, the publication alleges.

Invoicing 87

Invoicing Accounts Payable B2B Securities 87

PYMNTS

AUGUST 22, 2019

FinTech firms are tapping into automation and training to stay on top of the latest security developments, while keeping an eye on evolving trends in the payments space. The most effective approach to security, however, is a hybrid model utilizing technology alongside internal check-and-balance processes when handling sensitive information.

Accounts Payable 57

Accounts Payable Education Securities Invoicing 57

PYMNTS

SEPTEMBER 25, 2020

We have deep dives on the financial health of Main Street small and medium-sized businesses (SMBs), digital accounts payable (AP), and GoodRx ’s initial public offering (IPO). . HSBC To Staff: Stay Off Bank’s Social Media Accounts . Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc.

Accounts Payable 61

Accounts Payable Treasury Construction Accounting 61

PYMNTS

AUGUST 3, 2020

With accounts payable professionals working remotely, Anderson said he’s heard from some firms whose AP staff have had to physically take check-printing machines to their homes — opening up the door for fraudulent activity. If it hasn’t happened to you, it will. It’s only a matter of time.” ” $4.13

B2B 131

B2B Invoicing Accounts Payable Accounting 131

PYMNTS

AUGUST 17, 2020

PYMNTS breaks down the numbers of the latest in B2B fraud below. 9 in 10 of ASX 100 companies were found to have lapsed security strategies that allow for email spoofing and invoice scams , a new report from Agari said. 300,000 was stolen by an accountant in Australia , according to ABC.net.au

Invoicing 94

Invoicing Accounts Payable Pharmaceutical Healthcare 94

PYMNTS

APRIL 30, 2019

These cases include individuals and family offices with business-sized needs, with business-sized challenges in accounts payable, expense management and payroll. “There is a specific need for these families,” she told PYMNTS in a recent interview. That leaves plenty of opportunity for funds to slip through the cracks.

Corporate Finance 61

Corporate Finance Accounts Payable Finance Invoicing 61

PYMNTS

JANUARY 14, 2021

Today in B2B payments, Citi announces its news Treasury and Trade Solutions (TTS) head, while Rho lands new funding and adds accounts payable to its business banking technology. Before taking that role, Khaliq had served as global head of Direct Custody & Clearing inside of Markets and Securities Services since 2017.

B2B 56

B2B Accounts Payable Banking Invoicing 56

PYMNTS

DECEMBER 27, 2019

Companies are responding to this increased need for more innovative payment technologies and accounts payable (AP) systems by upgrading their offerings. The upgrade is designed to improve the security surrounding these transactions as well. About the Tracker.

Accounts Payable 52

Accounts Payable Invoicing B2B Technology 52

PYMNTS

JULY 16, 2020

. “You need to be able to move the company’s money from your office, your smartphone, your kitchen table — and have your staff and the [accounts payable (AP)] team be able to do the same.” But it would be a mistake for these professionals to take an all-or-nothing approach to v-card usage.

Accounts Payable 68

Accounts Payable Finance Invoicing Accounting 68

PYMNTS

DECEMBER 27, 2019

One of the largest disruptors that B2B payments saw in 2019 was the convergence of accounts receivable (AR) and accounts payable (AP) — a trend that stems from businesses’ heightened demand for automation and data integration. According to Ricaurte, this shift will continue into 2020. The Moving Target of B2B Friction.

B2B 52

B2B Accounts Payable Accounting Technology 52

Future CFO

FEBRUARY 13, 2023

We onboarded with Docusign to facilitate more secure digital signatures for transactional and legal documents. We also started to utilise Power BI for the creation of consolidated reporting materials that are easy to digest instead of referring to heavy excel sheets for the numbers. “We

Treasury 98

Treasury Cash Management Restructuring Accounts Payable 98

PYMNTS

OCTOBER 16, 2020

“I have found that on the AP side more and more of the software vendors are finding the necessity to deliver a great supplier experience or they’re going to see churn in their own payments numbers. So now they have to access that secure document from a home environment, with all those emails coming in.

B2B 64

B2B Accounts Payable Invoicing Accounting 64

PYMNTS

MARCH 23, 2020

The decision to automate accounts payable (AP) is critical given today’s demanding clients, but it’s also becoming indispensable for forging strong relationships. Check That Out. Some large firms even report working with more than 100,000 suppliers at a time.”.

Accounts Payable 52

Accounts Payable Treasury Accounting Compliance 52

PYMNTS

OCTOBER 8, 2019

Accounts payable (AP) departments all too often employ inefficient processes that slow down workflows, and delay supplier payments. Additional services match purchase orders (POs) with invoice numbers, and automate other processes important to accelerating approval procedures. Around The Next-Gen AP Automation World.

Accounts Payable 54

Accounts Payable Banking Invoicing Education 54

PYMNTS

JANUARY 30, 2020

These 16-digit credit card numbers are created for one-time purchases at set amounts, and the convenience, security and speed they provide are allowing them to take hold in the B2B payments space. Virtual card numbers (VCNs) make payments easily trackable, and enable reliable data capture, helping merchants to reconcile payments.

B2B 71

B2B Invoicing Accounts Payable Reconciliations 71

The Charity CFO

APRIL 12, 2022

This organization’s revenue was secured by government contracts and a few key foundations. Their budget projected a surplus, and they were hitting those numbers. They were hitting their budget numbers month after month. Why did reality not match up with the numbers in their financial statements ? Take this example….

Nonprofit 105

Nonprofit Accounting CFO Accounts Payable 105

PYMNTS

DECEMBER 16, 2019

The scam then requests the employee to submit those gift card numbers to the “boss” over email, falsely claiming that the gift cards are gifts for employees and others. However, as Kaspersky security researcher Fedor Sinitsyn noted, paying the ransom only encourages the cyberattackers to continue the crime. More on that below.).

Accounts Payable 59

Accounts Payable B2B Accounting Securities 59

PYMNTS

MAY 4, 2020

Office closures and remote working mandates have created an uncomfortable wakeup call for accounts payable (AP) and accounts receivable (AR) departments that continue to rely on manual, paper-based processes. And there are a lot of them. “Any strategic CFO will recognize the need for digital transformation.”

Invoicing 66

Invoicing Accounts Payable Reconciliations B2B 66

CFO Leadership

DECEMBER 12, 2022

Asset-based loans: Businesses can borrow based on their own financial and physical assets, which can range from accounts receivables and inventory to equipment and real estate. Nearly eight in ten payment transactions globally are now contactless, and that number is expected to increase. Maintenance and Expansion.

Accounts Payable 95

Accounts Payable Leadership CFO Strategic Planning 95

PYMNTS

JUNE 8, 2020

Open banking may soon become table stakes for financial institutions (FIs) — they need to act now and be able to offer it securely or risk getting left behind. FIs therefore cannot afford to drag their feet on implementing open banking, but many may be concerned that third-party access to customer data will exacerbate security challenges.

Banking 60

Banking Accounts Payable Securities Accounting 60

PYMNTS

JULY 6, 2020

Researchers found that furloughed employees are widely reporting that their bosses have asked them to continue to conduct their normal work duties despite being furloughed in order for their employers to secure funding. companies between April and May this year , Abnormal Security data revealed, according to Helpnet Security reports. .”

Accounts Payable 59

Accounts Payable Profit and Loss B2B Invoicing 59

PYMNTS

AUGUST 7, 2020

Legacy payment options like paper are getting nudged out by faster better methods like credit cards, which are more cost-effective for buyers’ accounts payable (AP) teams to send and quicker for suppliers’ accounts receivable (AR) professionals to receive. Configurable And Secure For Remote Treasury.

Accounting 72

Accounting B2B Accounts Payable Treasury 72

PYMNTS

NOVEMBER 10, 2020

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.

Accounts Payable 87

Accounts Payable Invoicing Treasury Sales 87

PYMNTS

APRIL 17, 2020

We have deep dives into the The Paycheck Protection Program (PPP) as well as cross-border accounts payable (AP) in addition to coronavirus stimulus funds. SBA On PPP Numbers: One Million Loans, $247B (So Far). The Spice House On A Recipe For Secure, Cross-Border AP. billion total gross dollar value as of April 13.

Accounts Payable 56

Accounts Payable Economics Accounting Securities 56

PYMNTS

FEBRUARY 25, 2020

Businesses looking to adopt cloud-based ERP solutions can run into a number of logistical, organizational and even social hurdles that can slow or even halt such systems’ successful integration into companies’ broader accounts payable (AP) operations. Implementing such solutions is not always easy, however.

Accounts Payable 61

Accounts Payable Invoicing Education Finance 61

CFO Simplified

JANUARY 2, 2022

If employees sense that the Accounts Payable (AP) team is harried and barely scraping by, it can be tempting to test the waters on an expense report. Phishing schemes are more sophisticated than the days of the Sudanese prince who asks for your routing number. Reliance Upon Outside Audits .

CFO 52

CFO Auditing Accounts Payable Securities 52

PYMNTS

DECEMBER 11, 2018

More recently, with the rise of virtual cards in accounts payable, solution providers have also taken aim at the friction associated with suppliers having to manually receive and key in card numbers and information to accept payment. The company recently secured $27 million in Series C venture capital for its solution.

Accounts Payable 49

Accounts Payable B2B Invoicing Startups 49

PYMNTS

JUNE 22, 2020

The financial and insurance industries, for example, have both been attempting to revamp their payments processes for a number of years as electronic payment methods have become more prevalent. Wawanesa Mutual Insurance is another firm innovating its B2B payment solutions for added speed and security.

B2B 67

B2B Accounts Payable Invoicing Securities 67

The Charity CFO

MARCH 27, 2024

Cloud-Based Accounting Solution Having a cloud-based accounting system is almost required in today’s modern nonprofit landscape, but many accounting programs don’t offer virtual access. Luckily, QuickBooks Online lets your team connect and work with financial data from anywhere with secure internet access.

Nonprofit 40

Nonprofit Accounts Payable Compliance Invoicing 40

PYMNTS

JANUARY 14, 2020

In this sense, RTP may be seen as an integral part of wider efforts to streamline treasury and accounts payable operations, as well as shed the inefficiencies of manual and paper-based processes. In the latest report, however, six features were viewed this way, including fraud and security (78.3 percent in 2018. percent).

Accounts Payable 53

Accounts Payable Reconciliations Construction Treasury 53

PYMNTS

APRIL 3, 2019

It may seem that cross-border payments were in the … well … crosshairs this past week, with a number of country-by-country and company-by-company initiatives using blockchain and other methods to speed payments and lower fees. The company said it facilitates international payments, with funds reaching recipients in less than five minutes.

Accounts Payable 92

Accounts Payable B2B Invoicing Banking 92

PYMNTS

DECEMBER 30, 2019

Businesses may believe they need to spend money to make money, but many are spending more than necessary to keep their accounts payable (AP) departments running. offering payments to business services [and] you have real-time account validation services via [application programming interface] API,” he said.

Accounts Payable 52

Accounts Payable B2B Accounting Education 52

PYMNTS

NOVEMBER 4, 2019

But internal fraud is, of course, not the only risk businesses face, with this week’s B2B Data Digest also breaking down the latest numbers related to cyber fraud and business email scams attacking companies from the outside. Automation, the report found, yields an average of a 58 percent reduction in breach risk for U.S.

Accounts Payable 40

Accounts Payable Invoicing Healthcare Treasury 40

PYMNTS

APRIL 17, 2020

Smooth accounts payable (AP) processes are critical in the spice business, in which purveyors must send funds securely to vast numbers of distributors and growers worldwide. … We don’t write it down even, [but] it’s all in our accounts payable [system],”. Catering to Spice Suppliers’ Payment Tastes.

Accounts Payable 60

Accounts Payable Securities Accounting Invoicing 60