Long before COVID-19 struck, accounts payable (AP) departments faced losses from invoicing errors, external phishing fraud attempts and internal schemes by unscrupulous employees. But as the coronavirus prompted work-from-home arrangements, it created more opportunities for bad actors to take advantage of their companies. Get the Full Story Complete...
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As payment flows become more complex, manual review and intervention by human experts must become more specialized, putting their intuitive expertise to work exactly where it’s most needed. That compels a higher level of automation in treasury departments to monitor massive transaction volumes and datasets...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
If there's one big takeaway that has come out of the pandemic's impact on businesses' accounts payable operations, it’s that solely relying on manual, on-site processes can leave businesses flat-footed, TD Bank’s Neil McHugh says. In the Next-Gen AP Automation Tracker, McHugh explains corporates are...
Businesses are not anticipating a smooth return to normalcy, with 43.5 percent of treasurers saying in a global poll that they expect the economic recovery to follow a “W”-shape, rather than the much-hoped-for “V”-shape. Organizations that are adjusting their processes to meet the conditions imposed...
The coronavirus pandemic was an unanticipated disruption for every business, but for organizations that remain mired in paper, it became what Dave Robertson, managing director of payment advisory services at Deluxe, described as “the ultimate stress test.” Get the Full Story Complete the form to...
The great digital shift is spurring a revolution in consumer commerce — but it will also change the way businesses pay one another. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
When a deadly virus sent everyone packing this past spring, work from home (WFH) mandates had more serious implications for some functions than others. Accounting departments, for example, suddenly had employees accessing highly sensitive data remotely via home Wi-Fi, without the data security extant in...
