The Fintech Report

Nvoicepay's blog, The Fintech Report, covers the latest fintech news, best practices for accounting & finance professionals, guidelines for improving your payment process, and tips on leading your department to sustained success.

Our Viewpoint: A Powerful Solution for the Construction Industry

COVID-19 has thrown construction industry back offices for a loop. Trying to get employees equipped to work securely from home; figuring out how to make manual processes work when everyone's working outside the office; applying for and administering PPE loans to keep paying salaries for unionized workers—all of these are prominent topics of conversation.

Immediate Benefits of Accounts Payable Automation

When people hear the concept, "Accounts Payable Automation" they take it either one of two ways: they understand its depth and complexity completely, or the phrase vaguely references “that expensive thing the big companies just started doing” or “that option for businesses without a proven accounts payable process already nailed down.”

Mind the Asterisk: What to Look for in a Card Solution

Credit cards are a valuable component of a supplier payment program. Not every supplier will accept card payments, but many do prefer the speed, convenience, and security that comes with it. The company making payments also gets a one or two percent rebate. Except when they don’t.

Is Your Payment Processing Antiquated?

Time to get off the "horse and buggy" that is paper checks!

Just How Easy is the Deployment of Payment Automation?

The history of accounts payable automation is relatively short and painful. The future looks much brighter.

Making Your Case: The Four Es of Payment Automation

Paying suppliers by check is a practice that has endured for much longer than anyone would have imagined. Though COVID-19 appeared to be the tipping point for companies to go electronic, checks still cause massive bottlenecks in AP processes. Here are the Four Es to consider when making a case to automate your payments process.

Four Reasons to Consider a Non-Bank Payment Provider

Traditionally, when it comes to financial transactions, people think banks. They’ve always been there to hold our money, invest our money, and facilitate our transactions.

But that doesn’t mean they’re the only option – or the best option.

How We Found a Fresh Approach to Handling Stale Checks

Stephen Haxton, Nvoicepay's Payment Modification manager, offers a glimpse into the development of our stale check processes, as well as how it brings success to our customers.

Behind the Curtain: Automating Payments in the Healthcare Industry

COVID-19 overhauled the U.S. healthcare system overnight. Systems we paid little mind to before, whether they are life-saving medical supply manufacturers, critical hospital budgets, or ICU capacity limits, now garner universal attention. Another area of the healthcare industry is stepping into the forefront--back-office procedures. Here's how healthcare facilities can resolve their financial strain.

Why is the Supplier Experience Important in Payment Automation?

It’s a difficult time to be a supplier. Nvoicepay President Josh Cyphers explains why buyers who prioritize supplier relationships improve their own revenue streams.

How APIs are Shaping the Future of Banking and International Payments

In today’s marketplace, the consumer has many more options available to them to execute their transactions. Payment providers and banks alike now offer alternative payment pathways focused on speed, transparency, and cost, all of which contribute to a better consumer experience. One of the cornerstones of these technological advances is APIs.

It's Time to Revisit the Benefits of Virtual Card

VP of Regional Sales, Kristin Cardinali, reminds businesses that it's never too late to look at automation solutions for your back office, and explains why now is the best time to look again.

Manufacturing's Highest Value Aligns with Automation

Manufacturing businesses across the country are overwhelmingly stuck with manual payments process that cost more time and money than necessary. 

What is the Science Behind Payment Errors?

Nvoicepay's Payment Modification Lead, Deidre Christensen, gives a behind-the-scenes view of their team's efforts to reduce AP strain.

Make Sure Your Hospitality Accounting Processes Have Room to Grow

Hospitality industry automation champion, Beanworks, discusses how internal automation has created much-need relief for AP teams across the country.

How Do Electronic Payment Solutions Fulfill Supplier Needs?

When companies begin their research on electronic payment solutions, they usually have a list of pain points they want to resolve. However, it's also important to consider the other benefits offered, and how they might fit into and support more than just the basics. Nvoicepay's SVP of Operations and Customer Success, Angela Anastasakis, breaks down the lesser-known benefits to adopting a holistic solution.

Here are 5 Ways Hospitality Benefits from Payment Automation

Businesses in the hospitality industry are specialists in customer service--so it's important to set up your business for success. Automating your payments enables you to answer back-office calls for efficiency and time-saving processes without sacrificing front-office needs. Here are five ways that payment automation providers can support your business.

The New Business Case for a Powerful Payment Solution

Nvoicepay's co-founder, Karla Friede, discusses businesses' recent prioritization of payment workflows upgrades, and how B2B electronic payment providers have laid the groundwork for an easy and successful transition.

Accounting Process Best Practices: Three-Way Match

Using the right accounts payable procedures is an essential component to a business’ success. Take an honest look at your current practices and identify areas to target for improvement to increase your operational efficiency.

How to Dig Deeper for Payments Solution Differentiation

With dozens of electronic payment providers offering their solutions, it can be difficult to know how to find the one that best meets your company's needs. Nvoicepay CEO Karla Friede lists the five framework measures you should consider, and offers the questions to ask prospective solution providers before you commit.