Monitoring your firm’s energy spend: It’s worth the time and effort
By obtaining better intelligence on energy consumption spending, CFOs can deliver a multitude of benefits to finance, and the business at large, writes guest poster Sanjoy Malik.
By obtaining better intelligence on energy consumption spending, CFOs can deliver a multitude of benefits to finance, and the business at large, writes guest poster Sanjoy Malik.
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 […]
“It’s not right, but it is a reality. … You don’t get a lot of budget attached to (vendor setup and maintenance training and tools in A/P),” said consultant, speaker and trainer Debra Richardson, APM, APPM, CPRS. Richardson is a former controller and finance director, and the founder of Debra R Richardson LLC, which offers […]
Despite the hectic times finance departments are in right now, fall unclaimed property deadlines are still coming up fast.
Just what you needed right about now: a massive new to-do list!
Put your Accounts Payable department on alert:
There are some things you just know: The sun will rise, Friday follows Thursday and if a worker is an employee, he or she can’t be an independent contractor (IC). Well, you might want to double-check your calendar because at least one of these truths has just been discredited.
Employers will have less time next year-end to send Forms W-2 to the SSA, even if you’re an electronic filer. That’s because of a new law.
As CFO chief, you’re always trying to hammer home the importance making more economical choices when employees are traveling for business. Well, good news — it looks like the message is finally starting to sink in.
The aim of the stimulus package was to find more work for people. You probably didn’t think that meant more work for your own staffers!
For A/P, when it comes to making the jump to electronic payments, the question has shifted from “Why should we?” to “Why shouldn’t we?”
Because your A/P staff is so good at keeping important bills paid, it unfortunately makes them a prime target for payment fraud email campaigns. Official-looking notices can arrive in their inboxes warning that you’re about to lose customers because your company domain name or trademark is expiring. The email goes on to offer help, with […]
Many Finance departments are still operating remotely, at least in some capacity. That can be a big fraud risk for many reasons. But there’s good news: While it’s becoming more challenging to avoid payment fraud, it’s not due to telework. Almost half of finance pros (47%) said working remotely isn’t to blame for any increases […]
Due to the worldwide pandemic, your finance team has really been put to the test lately, especially concerning its payments process.
Along with using advanced tech skills to infiltrate your company, many criminals also use basic psychology and familiarity with emotions in their phishing scams.
Good news: Many of your vendors moved from check payments to ACH. Bad news: Criminals will try to find a way to hijack money that’s supposed to go to them by changing or stealing their banking info. Vulnerabilities that contribute to fraud include unencrypted email communication and A/P departments that are so busy that verifying […]
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