Remove Communication Remove Financial Systems Remove Invoicing
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The role of AI in accounts payable automation

Future CFO

Charlie Cheah , managing director, Esker Asia , believes that CFOs and in a bigger context, the Office of the CFO in Asia, face several challenges when integrating AI into financial systems, given the region's diverse technological landscape. "In ML helps automate invoice matching and data extraction, reducing human errors.

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Leading Through Uncertainty: Smart Ways to Manage Money in Tough Times 

CFO Talks

Process Automation Using tech to handle invoices, payroll, and reports can save money and reduce errors. Thats how employees and investors feel when financial updates are kept secret or too complex. Clear communication builds trust and confidence, whether its a staff meeting, an investor update, or a customer announcement.

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How 'Internet Of Systems' Can Drive SMB Finance Transparency

PYMNTS

Instead of talking about connecting kitchen appliances, we can provide an online connected experience between companies — even if they have chosen different financial systems,” he told PYMNTS, noting that this approach is dubbed the “Internet of Systems.”. A Decade Of Disparate Technology.

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Blockchain Tries To Jolt B2B eCommerce Into The Digital Age

PYMNTS

” EDI is a mechanism that allows companies to exchange data electronically, to replace manual communication channels like fax or paper correspondence. However, it isn’t just the use case of buyer-supplier collaboration and communication in which electronic data is now a must. The technology first emerged in the 1970s.

B2B
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Managing Security Risks with Virtual Bookkeeping

CFO Share

Vendor Fraud What is Vendor Fraud: This type of fraud occurs when hackers send fake invoices to the accounts payable (AP) inbox, masquerading as legitimate vendors. The goal is to trick the bookkeeper into blindly entering and paying the invoice without scrutiny.

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Artificial Intelligence Lands AR In Uncharted Territory

PYMNTS

Artificial intelligence (AI) is finding success in the back office, and that includes in financial systems and accounting departments. Take, for instance, the issue of customer engagement: It’s key to providing a good customer experience and to making sure clients pay their invoices as quickly and conveniently as possible.

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FinCEN: BEC Scams Tried to Siphon $9B Since 2016

PYMNTS

Using fraudulent vendor or client invoices grew, from 30 percent of sampled 2017 incidents, to 39 percent in 2018,” according to FinCEN. Micky.com reported that hackers “crippled” Lodi City in California phone lines and financial systems over a period of month, and demanded $400,000 in bitcoin. Targeting County Governments.