The pandemic has driven companies in many sectors to streamline cumbersome payment processes that are siphoning off time and money they can no longer afford to lose. Many of these processes are decades-old and must follow complex regulatory guidelines, as is the case in the...
Construction firms that rely on paper-based processes can spend $50,000 or more a year processing invoices and making payments — money they can save by switching to card-based transactions, says Jeff Freese, CPA and controller at commercial wall system contractor Nevell Group. In the CFO’s...
Construction companies need to ensure they can swiftly purchase materials and other supplies to complete their projects and maintain steady cashflows. Transacting with vendors through paper checks and receiving paper invoices have become more difficult due to postal service disruptions, companies’ shifts to working out...
Vendor onboarding is a necessary and often challenging step in forging business relationships. Corporate buyers must gather data to ensure that potential suppliers can meet their procurement needs, but their research does not stop there. They also need to collect and verify vendors’ details to...
Construction companies often rely on material and equipment suppliers to complete projects, but manual, paper-based invoicing can make paying subcontractors a struggle. In the CFO’s Guide To Digitizing B2B Payments, Anna Bickford of commercial-building contractor DPR Construction explains how switching to cloud-based systems can take...
Corporate buyers need to be able to pay their vendors quickly and easily, especially during a pandemic that has caused many employees to work from home, making paper checks and manual processes especially inconvenient. Accounts payable (AP) teams are now taking a fresh look at...
Perhaps getting fed up with rapidly deploying identity verification systems and fraud-fighting platforms crisscrossing the transactional world, cybercrooks are growing fiendishly selective. In PYMNTS new CFO’s Guide To Digitizing B2B Payments done in collaboration with Comdata, we learn about the recent spate of spear-phishing attacks...
Corporations are up against steep cybersecurity challenges, and chief financial officers (CFOs) have key roles to play in bringing their firms’ fraud-fighting capabilities to the next level. Cyberthreats have long confronted businesses, but the pandemic-related disruptions have created even more opportunities for criminals to act. ...
For language-services providers, working with a wide network of translators isn't without its challenges. Invoices too often get duplicated and take a bite out of corporate budgets, says Toni Tornell, controller at United Language Group. In the latest CFO’s Guide To Digitizing B2B Payments Report,...
