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Watch for these common invoice scams

CFO Dive

Mid-sized businesses are losing almost $300,000 annually to invoice fraud, which can also hurt supplier relationships, according to Branden Jenkins, COO of Medius.

Invoicing 269
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E-invoicing guide for businesses in Singapore, Malaysia and the Philippines

Future CFO

Electronic invoicing, known as e-invoicing, is the automated exchange of invoice information using a predefined electronic format. It improves efficiency, reduces cost, and gets supplier invoices paid much faster. This guide walks you through the various approaches e-invoicing is being adopted across three ASEAN markets.

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CBIC launches two-factor authentication for all e-way bill, e-invoice

CFO News

CBIC has implemented two-factor authentication for e-waybill and e-invoice systems from December 1, heightening security measures within the goods and services tax systems.

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Paymerang Debuts Invoice Solution For Better AP Accuracy

PYMNTS

Paymerang , which works in accounts payable (AP) automation, has debuted its new Invoice Automation Solution, which a press release stated will help organizations with efficiency, accuracy, visibility and getting rid of manual paper processes. He added that it also helps companies go paperless via electronic processing and archiving.

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E-invoices must for businesses with 5 crore turnover a year

CFO News

Currently, the threshold for business annual turnover above Rs 10 crore is required to issue e-invoicing. The move is aimed at further improving compliance and further plugging gaps in revenue collection.

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Invoice Fraud Strikes Amazon In $19M Scam

PYMNTS

In a case that highlights how anybody — truly, anybody — can be a victim of invoice fraud, federal officials have reportedly charged two brothers in New York State for an alleged $19 million scam targeting Amazon. Fitzhugh warned, "Invoice fraud is not a victimless crime. Canada and the world over.

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Small improvements can bring big wins in invoice processing

Future CFO

The invoicing process encompasses much more than simply creating and transmitting an invoice. The total process cost per invoice includes the total cost of personnel, outsourcing, systems, overhead, and other allocations to these activities. per invoice. per invoice. Source: APQC. and top performers spent US$2.00.