MineralTree

JANUARY 19, 2023

As the top back-office digitization priority for the last two years, accounts payable is a great example of a tool that is trusted amongst finance teams to simultaneously target multiple areas of concern including security, process inefficiencies, and disorganized AP workflows. of their annual revenues.

Accounts Payable 76

Accounts Payable Accounts Payable AP Accounting 76

MineralTree

MAY 18, 2023

According to a 2022 report by the Association for Financial Professionals (AFP), 71% of organizations surveyed experienced attempted or actual payments fraud in 2021. It often involves faking vendor information to redirect payments from the accounts payable (AP) team to a fraudster’s account.

AP 72

AP Invoicing Accounts Payable Accounts Payable 72

AvidXchange

OCTOBER 14, 2022

Those costs are what you could otherwise be doing with the funds if you weren’t waiting for them to arrive, clear and be deposited. Additionally, according to the Association for Financial Professionals’ 2021 Payment and Fraud Control Survey , checks continue to be the top vehicle for payment fraud.

Deposits 52

Deposits AR Invoicing AP 52

MineralTree

FEBRUARY 16, 2023

The State of ACH Fraud Today 71% of organizations were victims of payment fraud attacks or attempts in 2021. In 2021, 68% of organizations were targeted with a BEC scam. The Accounts Payable (AP) team is the most susceptible department in terms of this attack, with 58% of those surveyed noting their AP teams were compromised.

AP 52

AP Accounts Payable Accounts Payable Data Entry 52

AvidXchange

OCTOBER 16, 2023

In 2023, I’m getting paid for services rendered in 2020 and 2021. With this early payment option, if a supplier chooses to accelerate an eligible invoice, AvidXchange deposits the funds directly into their account in as little as 24 hours for a small fee. That’s a long time to think about those jobs and have them on the books.”

Invoicing 52

Invoicing AR Account Receivables Accounts Receivable 52

AvidXchange

DECEMBER 14, 2020

Erin Jaskiewicz, the accounts payable (AP) manager with Campus Apartments , was aware of the problems in her department that were preventing her company from achieving its growth goals. There was lots of shuffling of checks from one desk to another, lots of deposits having to be made. AvidPay changed all of that.”

AP 52

AP Accounts Payable Accounts Payable Deposits 52

Nanonets

MARCH 21, 2023

ACH (Automated Clearing House) payments are basically EFTs ( electronic fund transfers ) that use the ACH network to move funds between bank accounts in the United States. ACH is most commonly used for direct deposit of payroll, payment of bills, and business-to-business payments. What are the types of ACH transfers?

Deposits 52

Deposits AP Accounts Payable Accounts Payable 52