Many companies are turning to even faster payment methods, such as embedded finance solutions and banking as a service products. In fact, according to a PYMNTS report, more than four out of 10 businesses (41%) are using real-time payments to some degree. But while switching to these faster payment capabilities makes life better by making […]
Because your A/P team is a critical part of your business, it needs to be adequately staffed with qualified and capable employees who enjoy working for you. But in a tight labor market, where employees expect remote work options, work/life balance and professional growth opportunities, it’s necessary to put extra effort into holding on to […]
Despite how important monthly financial close is, many companies still struggle to close their books within one workweek, according to a survey by the American Productivity & Quality Center (APQC). APQC data found that the median number of days an organization needs to complete monthly financial close is six. Some take as many as 10, […]
With remote work here to stay, A/P has to work harder to verify crucial information, such as vendor bank account numbers. Unfortunately, fraudsters are also working hard. They’ve been busy exploiting dispersed Finance teams’ increased reliance on email for routing invoices for approval, getting payments approved and collecting vendor bank account info. An easy-to-miss attack […]
Cloud-based A/R is rapidly becoming a must-have for businesses of all sizes. But where is A/R technology heading, and what should you expect it to do? Here are some key trends where this fintech is evolving. Can your A/R tech do this? When narrowing down vendor offerings, draw a circle around: A/R solutions that are […]
You can now file Form 1099 series information returns using the Information Returns Intake System (IRIS) online portal. Step one is enrolling with IRS by clicking here. IRS is touting the free electronic filing service, which doesn’t require any special software, as secure, accurate and particularly helpful for small businesses that typically file paper 1099s. […]
Embedded payment systems have a lot to do with why your employees like using Amazon and Uber. The payment process integrated into their apps can be engineered to be so convenient – even one-click quick – that they don’t have to put much thought into the financial transaction. So if consumers can rely on an […]
A modern tech stack that gives you the power to analyze your enterprise data in real time may no longer be something on the nice-to-have list. Perhaps you’ve read our reports on the Fed possibly hiking the target interest rate above 5% or inaccurate job numbers from the Bureau of Labor Statistics. As the economic […]
The economy will continue to fluctuate next year, and that’ll be driven by interest rates, according to a webinar on 2023 Finance trends from Controllers Council. Many of your peers agree that it’ll be a roller coaster ride because they’re not sure what’s going to happen next: 21% of the webinar’s attendees named braving economic […]
