Organizations across industries seek to build infrastructural resistance to payment errors and fraud. Although remote work has enabled companies to carry on business, they've also compelled criminals to upgrade their tactics and keep up their attacks.
Over the past few years, AP Fraud has become one of the most common types of fraud that organizations face. Finance departments are being targeted as accounts payable is often one of the remaining manual processes, leaving it more vulnerable to internal and external threats. Even with security features in place, identifying risk and red flags has become increasingly difficult.
In today’s business environment, chemical manufacturers and distributors are compelled to seek new solutions that enable efficiency and growth. By leaving the manual process behind and investing in a digital payment solution, AP teams can transform their finance departments from cost-centers to revenue-contributors.
Every business faces problems, and the back office is sometimes the last area to be updated. Embracing the advantages of digital B2B payments allows businesses of all sizes and industries to improve many aspects of their AP process, providing compelling reasons to shift away from paper.
Growth is good for any company—but it isn’t always easy to scale up when it comes to payments. Digital B2B payments enable businesses of all sizes and sectors to optimize their AP process by driving paper out while boosting efficiency.
Join Pam Cichoke, VP of Automotive Sales at Nvoicepay, and Tom Shaughness, NADA Academy Instructor, to find out how to change your frustrating paper-based payment process into a centralized, streamlined operation across all your locations.
As organizations work to improve their defenses against ACH fraud, they should also ramp up their use of virtual cards as much as possible. Supplier objections to fees have always acted as the barrier between the status quo and advanced payment options. The B2B payments landscape is changing, and in light of rising fraud, it may be worth revisiting those conversations with suppliers.
In our debut episode, Nvoicepay President Josh Cyphers shares insight about how automation influences the economic picture for companies across all industries.
AP experts Deborah Richardson and Mark Penserini share their insights on AP’s fiscal pain-points across industries, and how automated payments have changed the game.
Digital transformation has now risen to the top of the CEO agenda, according to research by McKinsey. Rethinking business models to compete with digital offerings has become a strategic imperative.
Ardent Partners' Founder and Chief Research Officer, Andrew Bartolini, and Research Director, Bob Cohen, present an example of how early payment discounts create meaningful value for an accounts...
Many organizations suffer from slow internal processes that lengthen payment cycles. Unfortunately, stretching days payable outstanding to near-delinquent payment terms has a much bigger...
Measuring ROI is important. Doing so blindly, however, may cause you to miss out on future revenue. Knowing when not to measure ROI is just as important.
Cost-saving technology has its sights set on accounts payable. Here's how cloud-based automation is transforming this alleged cost center into a profit center.
Working the hospital's budget shouldn't feel like wringing a mop. Here's how Silicon Valley tech helps hospital administrators get the most out of their budget.
Treasurers today must do more than just mitigate risk. They're now at the helm, playing a strategic role in steering an organization toward growth goals. See how automation in accounts payable can...
How much is the accounts payable paper trail costing your organization? These 10 points will have you blazing a paperless-trail in no time.
Take advantage of dynamic discounting opportunities offered by suppliers. Faster payments can save you substantial money in the long run.
What are the hidden costs for paper check writing? Learn the six hidden costs that can dramatically increase the true cost of paying suppliers by check.
Cash flow management is a vital and ever-evolving process in business. But how can you improve it? One thing's for sure: do away with paper checks.
Paying suppliers by p-cards holds the promise of turning accounts payable from cost center to revenue center...but you have to choose the right card program.