As COVID restrictions continue to ease, business travel is increasing. Unfortunately, it’s also being impacted by the current economic climate – and you should expect prices to keep rising for the remainder of the year and the beginning of 2023.…
Accounts Payable
All-in-one payment solutions can revolutionize A/P and A/R departments. But many of your peers are still wary of these time-saving solutions, especially smaller B2B firms you may work with on a regular basis. The benefits outweigh the drawbacks in many…
If any of your A/P staffers work a hybrid schedule, email is an important tool for invoice processing. Your payables department may also be relying a lot more on e-mail to onboard vendors and approve supplier payments. But relying on…
Many of the vendors you work with may be among the more than 2,300 U.S. businesses that accept the cryptocurrency bitcoin, according to a report from Deloitte. There may be even more businesses exploring cryptocurrency right now because, unlike cash,…
A workcation - also known as "bleisure" travel - is when employees extend their business trip plans to enjoy sightseeing and other recreational activities. Allowing it is a good way to boost morale and encourage more employees to hit the…
Corporate travel was a casualty of the COVID-19 pandemic. As business travel begins to rebound this summer, some organizations may continue to keep travel at a minimum as a method of cost control in response to inflation and the rising…
Your A/P leaders have an important role to play in keeping company cash out of the hands of criminals. According to the Association of Certified Fraud Examiners' report "Occupational Fraud 2022: A Report to the Nations," there's a lot of…
Many of your peers learned from the pandemic that a paperless A/P department can benefit every level of the organization, putting the focus on individual transactions instead of clusters of documents. But as consultant, author and former CFO Carl L.…
It’s up to A/P to double-check vendor contract terms to make sure everyone’s sticking to them, as well as to handle the renegotiation of contracts. In order to be able to easily access contract documents, and not waste time hunting…
Will the A/P software suite you have in place be able to meet your company’s payment volume, compliance and security goals for this year and beyond? If you’re not sure, it may be time to huddle with IT and your…
When you’re taking the time to implement a costly new software solution in Finance, you want to make sure you get it right the first time around. If you don’t, it can negatively affect your return on investment (ROI) by…
PayPal is making some updates to its business accounts that your A/P and A/R teams need to know about if you’re using the service to make and receive electronic payments with vendors and customers. Here’s a rundown of the changes.…
