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,...
Major changes continue to sweep across the business-to-business (B2B) payments scene. The COVID-19 pandemic is making paper-based transactions increasingly challenging, and the adoption of faster payments rails is on the rise. A multitude of accounts payable (AP) departments are therefore putting security top of mind...
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...
The COVID-19 pandemic and its resulting economic downturn have placed new strains on corporate buyers that could persuade them to more quickly replace manual AP processes with digital ones. Companies that relied on local AP processes were caught flat-footed by the public health need for...
Many digital publications rely on freelancers to create compelling content. But using manual AP processes to pay these professionals means pay days are measured in months not hours or days, says Ed Klaris, CEO of intellectual property and royalties-focused firm KlarisIP. In the CFO’s Guide...
Businesses are seriously examining how to retool their accounts payable (AP) strategies as they work to better endure a shifting economic landscape. Thirty-eight percent of companies have already reported adopting AP automations this year — a leap from the 24% who did so in...
