New research shows nearly 1 in 10 invoices are duplicates, meaning your A/P department might be double-paying vendors without even realizing it. That’s an issue that negatively impacts your cash flow, and it must be resolved ASAP. After reviewing $500…
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Conflict can happen in all corners of the workplace – even in Finance. Tension can occur between co-workers for a variety of reasons, such as clashing work styles. Then, there are disagreements that can arise between workers and supervisors because…
Even as many offices across the country reopen, hybrid work has become the norm. There are more remote workers than ever before. Many employees are spending all or part of their workweek telecommuting. And it’s critical for Payroll to keep…
To prevent cash from slipping through the cracks, many Finance teams periodically run an A/P recovery audit to identify and recover erroneous payments and unidentified credits. Besides year-end financial reporting time, other optimal times to conduct an A/P recovery audit,…
Give Payroll the heads up: There's a chance the unemployment tax rate could change. Here's why. States that had outstanding federal unemployment trust fund account loan balances as of Jan. 1, 2021, and Jan. 1, 2022, are at risk of…
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…
An ongoing battle for your peers continues to be setting salary budgets and whether the cost of living or cost of labor should be considered in their compensation philosophy and strategy. When COVID lockdowns made remote work mandatory, firms –…
Fraud is continuing to impact organizations. Both internal and external fraud schemes are becoming more costly, hurting companies’ bottom lines and reputations. The cost of fraud investigations is also increasing. Most global organizations surveyed for the latest Kroll Global Fraud…
ACH payments continue to be a popular choice with your peers for electronic payments, and traffic continues to increase on the ACH network. The ongoing COVID-19 pandemic has been one of the major drivers for increasing ACH activity. Over two-thirds…
Many of your peers at publicly traded companies are mulling over best practices for reporting purchases of climate-friendly credits to build their environmental, social and governance (ESG) portfolio. If the proposed Securities and Exchange Commission's (SEC) ESG disclosure requirements become…
Beginning with the 2022 benefit plan year, there are some changes your Benefits people need to be aware of for filing Form 5500, Annual Return/Report of Employee Benefit Plan, and Form 5500–SF, Short Form Annual Return/Report of Small Employee Benefit…
It isn't just your Finance department that's feeling the urge to get more digital. There's also a new wave of banking industry digital transformation that's gaining momentum. Valuable new technologies and digital services may soon be adopted by more financial…
