Blogs

Making Integrated Payables Work: How to Help Your Money Do More If you’re still running manual payment processes, you may be leaving money on the table. Learn how treasury processes like integrated payables have a direct impact on both your cash flow and vendor relationships. Treasury processes like integrated payables can have a direct impact on both your cash flow and vendor relationships. And yet, many accounts payable (AP) departments rely on manual, unintegrated systems to manage multiple workflows with different files. This lack of automation can cause errors, late payments and other...

Cash flow management is crucial for the success of your small business. By understanding your inflows and outflows and anticipating common cash flow pitfalls, you can leverage best practices and make better-informed, data-driven business decisions. As a small business owner trying to survive these turbulent economic times, being strategic with your cash flow is essential. When small businesses fail, poor cash flow management is often a contributing factor, if not the primary factor. While it does take time and energy to track the money coming in and out of your business, failing to do so means...

In the complex and fast-paced modern business world, you need an advanced set of treasury solutions to keep your information secure, increase your operational efficiency, and improve your cash flow. Read more on how treasury solutions can help improve your productivity and simplify workflow. In the modern business world, convenience is an expectation. Many seek efficiency, especially when it comes to speeding up the administrative side of your business accounts. Treasury solutions are at the forefront of improving productivity and simplifying workflow. Outdated systems can significantly impact...

Primary Source of Fraud: Business Email Comprise Email communication plays a major role in how many businesses conduct their daily operations. Fraudsters continue to adapt their business email compromise (or “BEC”) schemes, as well. While they may target an entire organization, they often focus their efforts on Accounts Payable departments. According to the 2023 AFP Payments Fraud and Control Report, the number of organizations falling victim to BEC fraud has slightly increased in the last year, as has the number of organizations that have experienced financial loss due to BEC. This type of...

Fraudsters Continue to Target Check Payments A large majority of organizations are still using checks for outgoing payments and checks continue to be the primary target of payments fraud. Without preventative measures in place, every check payment could be exposing an organization to fraud. AFP reported the following as tools and processes companies have implemented to protect their business: ACH Fraud On The Rise As more companies make the transition from paper checks to electronic payments, the Association of Financial Professionals reported an increase in the number of organizations...