The paper chase: Why your AP process is costing you more than you think
Adopting paperless AP isn’t just a cost-saving measure; it’s a competitive advantage. By transitioning to automation, you free your AP team from the endless grind of manual processes and empower them to focus on strategic, value-driven work.
Understanding and optimizing accounts payable data
In a data-centric business world, those who know how to exploit the resource can have outsize influence. That means AP departments have the potential to evolve from what is derogatively called a “cost center” into a valuable strategic asset.
Understanding the accounts payable process: tips for success
Accounts payable (AP) might not be the flashiest part of a business, but it’s certainly one of the most crucial. It’s the part of your operation that ensures your company’s financial obligations are met accurately and on time. Think of it as the lifeline that keeps your relationships with vendors healthy and your cash flow steady. Without a well-managed AP process, even the most successful businesses will probably find themselves in a financial bind.
Enhancing supplier management with nightly TIN/OFAC screenings for fraud prevention
The challenges of modern supplier management are real, but so are the opportunities. By embracing automation and integrating TIN/OFAC screenings into a comprehensive validation process, businesses can protect themselves from fraud, maintain compliance, and build stronger, more resilient supply chains.
The difference of Corcentric’s AP & Payments solutions
Outdated accounts payable processes are more than just a bottleneck—they’re a liability, hindering growth and compromising supplier relationships. Corcentric offers a revolutionary approach to overcoming these challenges with its tailored AP and payments solutions
The human element in fraud prevention: Why technology alone isn’t enough
Effective fraud detection and prevention calls for a balanced partnership between human insight and technological precision.
How AP management can transform fleet & logistics Accounts Payable processes
If you’re navigating the world of accounting for fleet and logistics, you’re familiar with the mission-critical task of keeping everything moving. But without smooth payment processes, you're constantly at risk of falling behind.
How accounts payable experts prevent fraud before it happens
It's vital to stop fraud before it hits your books. But first you need to know what to look for. Discover the many faces of fraud and how Corcentric's StopFraud can help defeat bad actors.
Life beyond checks: the role of supplier information management in an AP payments program
Shifting from traditional checks to digital payments like ACH and virtual cards offers businesses more efficiency, security, and cost savings. Checks, though simple, come with high costs and increased fraud risks. However, moving away from them requires proper supplier information management (SIM) to ensure accurate and secure payment processing.