People and business owners – pretty much everyone – is confronting the reality that the world has changed in ways that we can’t yet fully comprehend. But as a second wave of COVID-19 cases accompanies reopenings, this much is becoming clear: Time-honored traditions of going...
“Technological advancements have paved the way for businesses to adopt automated solutions in less than 30 days, with no massive ERP system upgrade projects required.” Fool me once, shame on you. Fool me twice? Companies large and small that survive the pandemic won’t get fooled...
The COVID-19 pandemic is putting accounts payable (AP) department practices to the test. Businesses are doing their part by having employees work from home, but some companies are struggling to keep operations secure as opportunistic fraudsters aim to take advantage of the pandemic’s disruption. Bad...
Consumers have the potential to grow impatient if it takes more than a single click or tap on a screen to complete a purchase when they shop online. This stands in stark contrast to how the accounts payable (AP) departments at many businesses process payments....
More companies are focusing now on the onboarding process as a first line of defense against sleeper fraud, by making sure that fewer fake accounts get created to begin with. Onboarding is also a stage where new business relationships can get off on the right...
Strong vendor and supplier relationships are among businesses’ most valuable assets. Solid partnerships can make all the strategic difference, helping companies offer needed services, improve in-house operations and expand into new markets. Turbulent ones can have the opposite effect, however, hindering firms’ potential and preventing...
Businesses interested in expanding globally must not only juggle outgoing payments to vendors, but also cater to individual complex payment agreements. Legacy accounts payable (AP) systems, make that hard, Dan Miller, senior vice president at financial software provider Sage Intacct told PYMNTS. In the latest...
How a business begins a relationship with a supplier can determine how lasting — and profitable — that bond becomes. Employing accounts payable (AP) automation solutions can help smooth onboarding and streamline the data collection and analyzing processes, removing the many friction points that are...
Enterprise resource planning (ERP) systems began as a mid 20th century answer to increasingly complex inventory control and supply chain management issues. It could do a lot more though, and over time ERP has been endlessly adapted to many other data-intensive duties. For its manifold...
