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?
September 2019 — Insights from Microsoft Inspire 2019. I recently went to the annual Microsoft Inspire event for partners and had a chance to hear about the company’s market focus. I liked what I heard, particularly at a high level. Microsoft is moving away from a product-focused agenda to a platform approach,...
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...
November 2021 — Machine learning is a powerful type of artificial intelligence (AI) that relies on algorithms and patterns in data to optimize and improve outcomes.
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...
© 2024 Dooap Inc.
