Some emails aren't meant to be sent. When you work in Finance, you deal with quite a bit of private information. So you must understand that there is no such thing as a private email. Or a private text message…
Business Communications
Know what all great leaders have in common? They're great communicators. And that's no different for finance pros. You lead people and you often need to great communication skills to get your point across, connect with others and get the…
B notice season (September through October) can be a minefield for A/P pros because nobody wants the extra work of calculating 24% backup withholding or fielding calls from unhappy vendors about the reduced payments. It should come as no surprise…
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…
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…
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…
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…
Your A/P security best practices probably include a confirmation phone call whenever a vendor emails you that their bank info's changed. But because fraudsters are becoming more skilled at fooling businesses like yours, it's important to take the time to…
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…
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…
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…
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…
