PYMNTS

SEPTEMBER 24, 2020

Pharmaceutical companies also have to rethink how they approach vendor onboarding, with many finding that it is no longer safe or possible to visit potential manufacturing partners in person for on-site tours and inspections. This can reduce workloads and accelerate processes for the buyers. Find the full story in the Report.

Construction 107

Construction Accounts Payable B2B Pharmaceutical 107

PYMNTS

JULY 30, 2019

Experts warned that this could be exploited in several ways, including to change details of an invoice. “In The cost of cyberattacks is massive, whether accidentally losing money when a scammer changes bank account information on an invoice, or paying hundreds of thousands of dollars to take back systems from a ransomware attacker.

Pharmaceutical 64

Pharmaceutical Invoicing Securities Accounting 64

PYMNTS

OCTOBER 3, 2016

Kachkar used his pharmaceutical company, Inyx Inc., The civil suit by the FDIC describes accounting scams by Inyx, such as opening credit lines from Westernbank, false invoicing and instructing customers to deposit payments in secret bank accounts. to borrow tens of millions of dollars in credit from Westernbank Puerto Rico.

Pharmaceutical 53

Pharmaceutical Invoicing Finance Accounting 53

The Finance Weekly

JANUARY 21, 2024

A finance director at a large niche pharmaceutical company told us: “We have a lot of manual processes and inputting and that type of stuff which I am trying to get away from. We found that, despite 2024 being in full swing, the biggest unspoken challenge weighing down finance teams are still manual Excel processes. These processes vary.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Data Analysis Financial Modeling 40

PYMNTS

APRIL 6, 2017

The problem, the report noted, only gets more serious when the goods in question aren’t food, but are pharmaceuticals. In international trade, counterfeit goods are often under-invoiced or smuggled (undeclared) when imported, causing governments to lose beneficial excise and value-added tax.

Pharmaceutical 46

Pharmaceutical Economics Technology Education 46

Finvisage

JANUARY 2, 2020

Account receivables typically represents 40% of the company’s assets, where 1 out of 10 invoices becomes delinquent. Industry groups have started stockpiling vital goods, for instance non-perishable food products, pharmaceutical supplies and vaccinations. Results & Findings.

Construction 52

Construction Manufacturing Economics Profit and Loss 52

PYMNTS

MARCH 6, 2019

Furthermore, he noted that workflow might be streamlined across some use cases, and can be automated — such as with generating a SWIFT international transfer, calculating accrued interest, generating invoices for a loan payment, and submitting to the systems of record to ensure accuracy and reconciled data.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

MAY 1, 2018

For more than two-fifths of professionals surveyed, their organizations received more than 2,000 invoices every month. More than a third of survey respondents said as much as 40 percent of their supplier invoices involved a dispute, a supplier chasing money or other issues that required manual intervention and interaction.

B2B 47

B2B Invoicing Foreign Exchange Pharmaceutical 47

PYMNTS

FEBRUARY 7, 2020

Transactions must be reconciled, and invoices must be compared to contracts and internal data from emails and other documents. Indeed, in B2B relationships that require frequent payments between partners, those relationships tend to come with complex agreements on costs, fees, payment schedules and more.

B2B 40

B2B Compliance Pharmaceutical Reconciliations 40

PYMNTS

FEBRUARY 15, 2017

Once you start talking about managing multiple purchases through Kinnek, all of the information and interactions there include the requests, quotes, negotiations, message chains, invoices, payments, payment information, reordering capabilities, etc. There’s a lot that are on our radar. One that comes top of mind is hotels and lodging.

B2B 40

B2B Manufacturing Sales Pharmaceutical 40