Getting as many vendors as possible to accept electronic payments remains an ongoing goal for companies of all sizes. On the front lines in that quest? Your Accounts Payable department. They have a lot to gain from a more paperless payables process, and many of them are making significant strides on this front. So just […]
Payments and Transactions
Your peers have big plans to modernize their payment processes … if their vendors can keep up! When asked what their payment modernization programs included, companies’ top answers were: real-time payments (45%) Same Day ACH (36%) fintech integrations (34%) an Application Programming Interface (API) (27%), and FedNow instant payments (23%). That’s according to the 2021 Treasury […]
Finance pros are already taking advantage of the new expanded window of time for Same Day ACH. And it can benefit your company, too. The third window, added in March 2021, allows same-day transactions to be initiated as late as 4:45 p.m. EST and received by 5:30 p.m. so they can be settled by 6 p.m. […]
Your company may or may not have celebrated Juneteenth this year. But now that it’s a federal holiday, it’ll likely affect your company’s payroll and accounting processes going forward. President Biden signed legislation on June 17, 2021, making Juneteenth (June 19), a legal public holiday to commemorate the end of slavery in the U.S. Here’s […]
Have an Automated Clearinghouse payment dispute? Then your company will have to act fast. Nacha has a new rule that limits the timeframe a Receiving Depository Financial Institution (RDFI) can make a claim against the originating institution’s authorization warranty. And it became effective June 30th. You now have one year from the settlement date of […]
It’s no secret that the pandemic changed the way people work and companies operate, especially in regards to nonemployee expenses.
Has your finance team noticed more payment errors cropping up in the past year? If so, you’re in good company.
The ACH Network is soaring to new heights, so there’s never been a better time for companies to ramp up ACH adoption and usage.
There’s a great enhancement coming for companies that take advantage of Same Day ACH and send or receive high-dollar payments.