The Business Payments Coalition (BPC) is asking for industry input on the kinds of data connected with the most utilized invoice exchange processes in North America as the next phase in a digital invoicing initiative, according to an announcement. The Federal Reserve is collaborating with the...
Long before COVID-19 struck, accounts payable (AP) departments faced losses from invoicing errors, external phishing fraud attempts and internal schemes by unscrupulous employees. But as the coronavirus prompted work-from-home arrangements, it created more opportunities for bad actors to take advantage of their companies. Despite the strain on workplace...
As payment flows become more complex, manual review and intervention by human experts must become more specialized, putting their intuitive expertise to work exactly where it’s most needed. That compels a higher level of automation in treasury departments to monitor massive transaction volumes and datasets...
Payment systems provider REPAY Holdings Corp. acquired accounts-payable automation system cPayPlus LLC for up to $16 million, the buyer announced Thursday. Atlanta-based REPAY said terms included $8 million in cash and $8 million in further payments that will be triggered if cPayPlus meets performance milestones....
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...
