Everyone wants to save money– but organizations often overlook AP automation as a way to do just that. Leveraging automation empowers you to not only save costs, but earn rebates and reduce your payment fraud liability.
Everyone wants to save money--but organizations often overlook AP automation as a way to do just that. Leveraging automation empowers you to not only save costs but earn rebates and reduce your payment fraud liability.
Are you looking for a low-risk way to increase revenues and lower costs in weeks or months instead of years? Distribution Strategy Group is always on the lookout for technologies that are demonstrating rapid payback and a high return on investment.
This past year, automotive groups shifted many aspects of their sales floor by going digital. Dealer groups face several challenges in AP that are easily remedied by the right technology, from approvers at various locations to a centralized AP office buried in paper check payments.
With the advent of widespread remote work, businesses have made impressive leaps in eliminating checks and adopting electronic supplier payments. But as organizations adopt electronic payment processes, there’s another strategic opportunity for AP to consider: electronic credit card.
Innovating organizations understand that accounts payable deserves a seat at the table with Treasury and other senior leaders in Finance. It’s no secret the Accounts Payable department is often seen as a cost center by Treasury. Treasurers are focused on minimizing cash risk and maximizing cash returns, and paying vendors is not top of mind. But what if instead of being seen as a drain on cash, Accounts Payable was a strategic tool to help organizations (and treasurers) manage their cashflow better?
s we close in on a year and a half of working from home, we can look back with some perspective and perhaps a little pride at how we've adapted and changed. During this time, many people and organizations have discovered that they're much more nimble, creative and resilient than they previously imagined.
Join Ardent Partners’ Vice President of Research, Bob Cohen, and Charlotte Jenkins, Director of Solutions Consulting at Nvoicepay for a powerful discussion on how to ensure a successful payment automation journey for your organization.
Digitizing supplier payments has long been on the roadmap at many corporations, but way down near the bottom. That all changed in 2020. COVID-19-related health and safety requirements and the mass-scale remote work changes demonstrated that check-writing processes are no longer sustainable and accelerated the move toward electronic payments.
Maslow's Hierarchy of Needs, a common psychological theory, describes basic needs that must be met before an individual is able to achieve self-actualization. It's possible a similar theory can be applied to business. But should automation be considered an end goal, or a basic necessity?
Join Pam Cichoke, VP of Automotive Sales at Nvoicepay, and Tom Shaughness, NADA Academy Instructor, to find out how to change your frustrating paper-based payment process into a centralized, streamlined operation across all your locations.
As organizations work to improve their defenses against ACH fraud, they should also ramp up their use of virtual cards as much as possible. Supplier objections to fees have always acted as the barrier between the status quo and advanced payment options. The B2B payments landscape is changing, and in light of rising fraud, it may be worth revisiting those conversations with suppliers.
Join Ardent Partners’ Vice President of Research, Bob Cohen, and Maggie Schroeder, Senior Solutions Consultant at Nvoicepay for a powerful discussion on the significant changes to AP over the past 12 months, and how the function can best adapt and future-proof.
Integrated B2B payment solutions—which work within ERPs and other business software—have been key to helping AP teams stay flexible during the remote work era. Subject-matter experts Don Banowetz and Byron Biggins detail how those solutions have also forged relationships in the business landscape.
Fintech in Focus talked to Mark Frey, President of Cambridge Global Payments, a FLEETCOR company. We explored the impact of cross-border payments and currency risk management within the COVID-era economy, and discussed topics like payment rails, fraud mitigation, APIs, and more.