November 2020 — As the role of AP is increasing in importance to finance, we sat down with Robert Cohen, Vice President of Research for research and advisory firm Ardent Partners, to talk about what’s behind this trend, what’s on the minds of CFOs and how companies can best leverage AP analytics in their...
July 2020 — 82% of executives at mid-market companies admit that digital transformation is shaking up their core business operations. We live in a digitally-driven, innovation-centric, and competition-heavy ecosystem. Supply chains are being reforged by the ever-growing complexity of Industry 4.0 and...
May 2020 — Fraud is a growing concern for businesses around the world. According to the 2020 AFP Payments Fraud & Control Survey, 81 percent of businesses indicated that they experienced payments fraud in 2019. Accounts Payable (AP) is particularly vulnerable to fraud because it’s where invoices are approved...
March 2020 — Recently, Barbara Corcoran, a TV celebrity on Shark Tank known for her business acumen, fell prey to an email phishing/fraudulent invoice scheme that initially cost the company $380,000 (She ended up getting the money back). This highlights how fraud “could happen to anyone,” and unfortunately it...
February 2020 — Part 2: In the previous blog, “E-invoicing and Invoice Automation Smooth the Path for Easier, Faster E-payments,” I discussed the relationship between e-invoicing and e-payments and the barriers to e-invoicing adoption. This blog, which concludes the series, focuses on best practices in deploying...
February 2020 — When I first started in Accounts Payable with GE 10 years ago, the landscape was very different than it is today. I remember having data entry races with my colleagues when we had an urgent backlog that the offshore team couldn’t handle. Payment status was checked through email exchanges. Returned...
January 2020 — The end of one year and the beginning of another is always a good time to reflect on the past and plan for the future. What needs improvement? What could we be doing differently?
October 2020 — Your organization's accounts payable department is a manifestation of your financial dexterity. When AP flows like water, your procure-to-pay stands...
June 2022 — *UPDATED June 2022* In 2021 Microsoft made a set of invoice automation capabilities in its standard Dynamics 365 Finance product. These new features...
April 2020 — The benefits that AP automation brings to organizations are well known – increased visibility, control and efficiencies; reduced costs, errors and...
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