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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.

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The Invoice Lands In The Corporate Cyber Fraud Spotlight

PYMNTS

Although there are countless ways a cybercriminal can swindle funds from a company — either from the outside or within — it’s often the invoice at the center of the crime. This week’s Data Digest looks at the latest in B2B payments fraud and the invoice’s role in supplier payment redirect scams, credential theft and more.

Invoicing 101
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Winning The Battle Against ‘Invoice Leakage’

PYMNTS

To that end, Ajay Agrawal , CEO and founder of SirionLabs , told PYMNTS, “invoice leakage” occurs when firms do not have the ability to review invoices from their suppliers on a “granular level,” which leads to missed opportunities to spot discrepancies.

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Easing The Online Shift With Integrated Invoicing

PYMNTS

The company has connected its SecurePay payment gateway solution within the accounting platform, allowing for SMBs to generate invoices and receive payment without having to leave QuickBooks. According to Yakov, it can certainly support digitization of B2B payments, with SecurePay able to support both ACH and card transactions. "I

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Report: Overcoming Cross Border Invoice Complexities

PYMNTS

Old-school business-to-business (B2B) transaction methods like sending and waiting on checks and physical invoices are more difficult to stick with now that many offices are closed and financial teams are working from home. trillion worth of sales by 2024. trillion worth of sales by 2024.

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What’s the Difference VAT & Sales Tax?

CFO Share

Value-added Tax (VAT) and sales tax are both consumption taxes assessed on the consumer at point of sale. The difference between VAT and sales tax is what gets taxed: sales tax is assessed on tangible personal property (products, materials, and goods) whereas VAT is assessed on both goods and services.

Sales 52
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Invoice Finance Steps Into The Business Recovery Conversation

PYMNTS

Keeping the trade engines moving is vital to the recovery of the global economy, but even as deals are struck and sales are made, businesses aren’t guaranteed the cash flow to sustain their operations. “Invoice finance is a very effective way for suppliers to obtain fast and affordable working capital,” he said.