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5 Ways to Mitigate the Risk of Fraud When AP Staff Work from Home
If it feels like the way your organization processes invoices these days is risky, you are not alone. The Internal Revenue Service (IRS), numerous State Attorneys General, and other government agencies are sounding the alarm that phishing schemes and Business E-Mail Compromise (BEC) attacks are on the rise and could target your finance operations.
Adapting Your Accounts Payable to New Normal
Get real-life valuable advice on how to adapt your business processes to new normal. Chat live with our experts or just sit back and listen to the discussion.
How to Take Back Control and Visibility Over Your Accounts Payable Operations
If it feels like you have less control and visibility over your accounts payable (AP) operations these days, you are not alone. As staff work from home, AP leaders are concerned about increased fraud and compliance risks, greater chance of missed invoice due dates, and more time spent chasing down information. The root of the problem is that manual, outdated approaches to processing invoices do not provide the control and visibility that AP leaders need when their staff work from home.
How to Avoid Purchase Order Processing Breakdowns, No Matter Where Your Staff Works
Disruptions caused by COVID-19 are straining supply chains. The problem is being exacerbated by manual and semi-automated approaches to requesting, approving and issuing purchase orders. Inefficient and ineffective purchase order processes waste employee time, open the door to maverick spending and delay the receipt of much-needed materials and goods. If organizations want to better manage their corporate spending, they must automate their purchase order processes.
How to Transform Accounts Payable into an Information Powerhouse
Now more than ever, businesses need real-time visibility into their cash and spend. But in departments that rely on manual and semi-automated invoice processes, key data is not captured, information is not timely, data is poorly organized, and systems are fragmented. As a result, decision-makers can’t access all the variables they need to manage cash and spending.
Curated Six Box Article
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