How do your customers prefer to receive their bills?
When it comes to billing, paper invoices are becoming obsolete.
When it comes to billing, paper invoices are becoming obsolete.
Choosing the right internet service provider (ISP) is essential to the success of your small business.
Scary thought: Financial loss from “improper payments” has affected almost half of your peers.
A number of nagging issues are forcing many Accounts Payable departments to improve their payment processes — some of these issues may surprise you.
On most days, your finance staffers fly through invoices quickly and methodically. But once in a while, they may come across an invoice that causes them to take pause. With payment fraud at a record high now, spurring major financial loss for companies all over the world, you know you can’t be too careful. On […]
You know that customers will jump on any excuse to delay paying an invoice. And the invoices themselves can serve as a major one of those excuses.
Coming out on the other side of 1099 time, you know how critical it is to have complete and correct information in your master vendor file. Otherwise you could have a real nightmare on your hands.
The Financial Accounting Standards Board’s (FASB) new revenue recognition standard will have a major impact on a number of companies, particularly Software-as-a-Service (Saas) firms, according to guest author Jim Perry, the director of EPM Enablement at Infor.
New research shows nearly 1 in 10 invoices are duplicates, meaning your A/P department might be double-paying vendors without even realizing it. That’s an issue that negatively impacts your cash flow, and it must be resolved ASAP. After reviewing $500 million of its customers’ invoices over a 12-month period, A/P automation provider OpenEnvoy found that […]
At a time when most Finance departments are drowning in even more paperwork than usual, the idea of paperless payables sounds increasingly appealing.
Finance departments need to know what’s going on across the organization. Yet all too often communication channels clog up, with one important team being the last to know important info. And that’s A/R. Picture this: Your A/R point person calls up a new customer whose payment is coming due. He discovers the customer’s order arrived […]
Sure, simple keying errors are bound to happen. But with almost three-fourths of all improper payments resulting from these types of mistakes, it’s worth taking some extra steps to prevent them.
Increasingly clever cybercriminals are out to take your company’s money. They’d even stoop so low as hacking you with a purchase order that looks real. For example, emails with an attachment disguised as a purchase order can contain links to a bogus site that looks real enough to trick users into sharing sensitive account information. […]
The majority of A/P departments still receive hard-copy invoices from their vendors, but it looks like all that will change in the very near future.
Asking your suppliers to change their billing processes and start sending you e-invoices isn’t usually an effective tactic. But there are certain things you can do to help them move in that direction.
Ever think about throwing a surprise birthday party for your boss without getting the OK from Finance? Don’t.
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