6 in 10 insider breaches caused by employee negligence
To avoid data breaches, it’s vital to make sure your staffers are being careful with how they relay information internally.
To avoid data breaches, it’s vital to make sure your staffers are being careful with how they relay information internally.
You wouldn’t want to remain loyal to suppliers that frequently raise their prices without warning or miss important delivery deadlines. So maybe it’s time to consider starting or updating a supplier performance management program. Among the organizations that may be reevaluating suppliers right now are Major League Baseball teams, such as the Texas Rangers and […]
Business email compromise scams are still a costly force to be reckoned with. And your Finance team can’t afford to let its guard down. For example, First Citizens Community Bank, which has locations in Delaware, New York and Pennsylvania, recently issued a press release warning its business customers about a new rising wave of email […]
The FDIC takeover of Santa Clara, CA-based Silicon Valley Bank (SVB), which news reports described as the worst bank failure since 2008 and the second worst in U.S. history, had quite a few of your peers weighing in about it on LinkedIn. Unless you’re in the tech sector, you might not have heard of SVB […]
For a while, vendor portals were great because A/R staffers didn’t have to spend so much time on the phone with your customers’ A/P departments to check the status of invoices or track a purchase order. However, over time your A/R staff may have accumulated so many login credentials for all the portals they use […]
The Ray Baum’s Act, which recently went into effect, ensures that when employees dial 911 from a company’s phone system, they can get help. Specifically, a dispatchable location must be conveyed with the call. That includes calls from a multi-line telephone system (MLTS). Individuals often utilize such a phone system from an office building, campus […]
With the amount of data generated by Finance and Accounting, it’s easy for non-financial folks to slip into information overload. Which means tapping chart best practices can be the key to getting your message across and changing behavior. Charts and graphs will do just that. But most people aren’t using them in the most effective […]
Between internal fraud risks, cyberattacks and stolen checks, being on guard against fraudulent activity can become an all-day, everyday concern for your A/P department. For instance, the number of fraud complaints nationwide averaged 2,300 per day in 2021 (up from 1,300 daily complaints in 2019), according to the FBI Internet Crime Complaint Center’s (IC3) Internet […]
Need a customer to send a check today? Want employees to turn in all their receipts with the expense reports? Use these 12 words to make your case.
Ever opened an e-mail from a co-worker only to spend the next 15 minutes trying to figure out what that co-worker was actually trying to say?
From inventory outages to incorrect orders to missed shipping dates, the era of COVID continues to be full of supply chain issues for businesses like yours. And miscommunication with vendors can make matters worse. To minimize the impact of supply disruptions and keep things flowing smoothly, it’s going to take open and honest cooperation between […]
Late vendor payments can lead to your A/P department fielding a lot of phone calls and emails from a vendor. This can damage your company’s relationship with a vendor fast if it persists. Because you want to get things moving back in the right direction and prevent late fees, it’s important to address the reason […]
With a notable number of Baby Boomers feeling like they should postpone retirement, you may have a multigenerational team with as many as four (or even five) different generations represented in your organization. Studies have shown that Baby Boomers ranging in age from 58 to 76, Gen X-ers who are 42 to 57 years old, […]
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 […]
You know that increasing electronic payments and decreasing paper checks streamlines your company’s finance operations in a big way. But what about those vendors your company works with that still don’t accept e-payments? How can you win them over? Electronic payments: Myths v. facts A/P software solutions provider Mineral Tree says a good place to […]
Hackers love attacking via email because of how easy it is to do. That’s why an ounce of email cyber security can prevent a ton of fraud mitigation. It’s critical that all employees who accesses email on your company servers be armed with the following knowledge to prevent email cyberattacks before they end up costing […]
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