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.
Best practices for analyzing your AP aging report
The AP aging report is more than just a list of unpaid bills. It’s a powerful tool that helps you manage your outstanding debts, track overdue payments, and maintain healthy relationships with your vendors.
The future of accounts payable: emerging trends in automation and management
In a rapidly evolving financial landscape, accounts payable processes are undergoing a significant transformation driven by technological advancements. The future of AP is both revolutionary and evolutionary
Essential accounts payable skills
Understanding essential accounts payable skills can significantly enhance both individual performance and organizational efficiency benefitting both the AP department and the individual.
5 common accounts payable mistakes and how to avoid them
Accounts payable (AP) might not always grab the headlines, but it’s the unsung hero keeping suppliers happy, cash flow steady, and your financial ship from running aground - until there's a mistake.
7 warning signs of accounts payable fraud and how to address them
AP fraud can have severe ramifications for businesses, leading to undesired financial losses and damaging the integrity of financial records. Identifying these types of fraud can help organizations act swiftly to control and reduce the risk of fraud. Here are the seven most common warning signs.
Navigating procurement challenges in 2024
Staying resilient means staying on top of procurement challenges, from supply chain to risk. Learn what challenges CPOs are facing right now.
Creating a data analytics approach to fraud detection and prevention
In an era where digital transactions are commonplace, bad actors have become increasingly sophisticated, making prevention a relentless battle. Fraud analytics serves as the frontline in this ongoing war against deceitful activities within systems designed for trust.