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.

Featured Fintech Resources

Beyond the Rebate: What Fintech Brings to Treasury and Finance

With 15 years of experience, VP of Sales Kristin Cardinali contrasts outdated bank procedures with streamlined fintech software and fintech solutions.

How Fintechs are Redefining International Supplier Payments

There’s much more to international wire transfers than just the transfer itself. There's a labor-intensive process looming for both parties in the background.

It's Time to Put Your Payments on the Fintech Bullet Train

Managing different payment processes can be cumbersome, which is partly why businesses favor checks. See how fintechs use automation to streamline all payments.

Get to Know a Fintech Expert -- PCI and SOCs

An interview with Nvoicepay's Compliance Director on the importance of security and compliance standards like PCI and SOC—all through the lens of B2B payments.

All Blog Posts

Does a Common Psychological Theory Speak to Businesses as Well?

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?

Virtually Fraud-Proof: Why Now is the Time to Grow Your Virtual Card Program

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.

What's an Accounting Tech Stack?

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.

Safety First: How to Handle Supplier Banking Data

2020 was an eventful year for business payments. We saw expansive leaps in digitization, accompanied by new challenges, including the way they handle contemporary security concerns.

Is Automation Improving the Employee Experience?

Is it possible for automation to go too far—to render employees obsolete?

COVID-19 has Inspired Change in the Automotive Industry

One of the interesting threads of the COVID-19 story is how it pushed businesses to adopt new technology.

3 Reasons Why Construction Companies Fail

Only 36.4 percent of construction companies reach their fifth year of business. In fact, of all industries, construction has the lowest success rate, and here's why.

Here are the Top ERP Transformations That Support Buyers

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.  

What is Happening in the B2B Payment World in 2021?

Nvoicepay identifies clear trends in B2B payments in 2021 and the payment automation trends that will take the driver's seat this year.

How to Identify a New Type of BEC: Vendor Email Compromise

While similar in concept to Business Email Compromise (BEC), Vendor Email Compromise (VEC) scams focus more on controlling payments through vendor communication.

Uncover New Opportunities from a Return on Experience

Everyone knows the term "return on investment"—or “ROI." I think we should re-establish a less-recognized concept: return on experience.

What is the New Normal for Businesses and AP?

Post-pandemic businesses have adapted by interfacing with technology to get the same tasks done with less redundancy and bulk. Daily operations have stripped down to bare essentials, some bearing costs to the customer, but many renewed in their devotion to make a more human connection with those they serve.

8 Ways That Fraud Emails Can Compromise Your Back Office

If there’s one thing payment companies of any caliber are familiar with watching out for, it’s Business Email Compromise. Here are some of the most common BEC techniques that fraudsters take advantage of.

Here are the Top Tips for Preventing ACH Credit Fraud

Forced to work from home during COVID-19, accounts payable departments have accelerated plans to move away from paper checks and pay more of their suppliers by ACH. That, in turn, accelerated another trend: fraud.

3 Hidden Costs of International Business Payments

If you have overseas suppliers, you know that making cross-border payments can be expensive. Here are our suggestions for removing hidden costs.

Financial Transformation Breakthrough: Are You Starting Too Big?

Today's CFO is expected to be highly strategic. But does that always have to mean they must undertake Transformation with a capital "T?"

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!