Changing expectations, developing technology and new payment rails all add to the value proposition for engaging in payment transformation. Transformation is occurring separately in individual areas (AP, Treasury, Operating Areas) and on an organizational-wide basis.
In today’s business environment, chemical manufacturers and distributors are compelled to seek new solutions that enable efficiency and growth. By leaving the manual process behind and investing in a digital payment solution, AP teams can transform their finance departments from cost-centers to revenue-contributors.
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. In this webcast, Director of Automotive Sales, Kyle Rauzi, shares how payment automation helps your AP bring in revenue while cutting costs and freeing up staff for more strategic priorities.
The reality of remote payments has made switching to automation a priority for many paper-bound back offices. Corpay transforms the way manufacturing and distribution companies pay their suppliers with a holistic approach to payments. Our configurable AP solution meets the needs of companies that have complex approval workflows, multiple locations, bank accounts and payment methods.
Making efforts to go green can aid in recruiting efforts, and help with your bottom line. Here’s how to tackle sustainability from top-to-bottom!
In the world of business payments, process complexity adds friction between accounts payable and accounts receivable. Remote work initiatives have also created a strong tailwind for digitization. Derek Halpern, Executive Vice President of Sales at Nvoicepay, a FLEETCOR company, weighs in on how automation providers will close the gap and streamline payments process from creation to receipt.
Managing your cash flow as an auto dealership can be tricky, especially if your dealership is still using paper checks and manual processes. Full payment automation and the implementation of purchase order systems can help!
Prices in cryptocurrency markets have gone up—way up. Since 2009, the value of Bitcoin has gone from fewer than ten cents to over $56K. In 2020, that value quadrupled. Though investing in cryptocurrencies is not for everyone, they're nonetheless moving steadily towards the mainstream.
On the face of it, electronic payments seem more efficient but, without the proper tools and partners, they can end up causing more work. It pays to think about electronic payments from a holistic perspective from the start to avoid this roadblock.
What should you consider when it comes to deciding how to bring employees back in the office? Our SVP of Operations & Customer Success, Angela Anastasakis, shares the seven factors that Nvoicepay is considering in order to create an ideal hybrid work environment.
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.
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.
Josh Cyphers, stepped into the role of President at Nvoicepay three months into the pandemic and remote work efforts. Here are three lessons he has learned from that experience.
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?
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.
Let us be the first to say: you’re not alone if you’ve never heard of the term "tech stack" before. Some of us have heard the term used for departments like sales and marketing, but never for accounting. Today we’re going to talk about what an accounting tech stack is.
B2B companies are currently up to their necks in "digital transformation." Maybe, just maybe, it's time to take a step back and look at things through a different lens.