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.

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.

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?

Clear B2B payment trends have emerged, and are likely to unfold in the next twelve months, according to CEO Josh Cyphers of Nvoicepay, a FLEETCOR company.

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

A particular faction of fraudulent activity—‘BEC’, or Business Email Compromise—has gained notoriety over the years and is such a large operation that it’s become more of an umbrella term for various attacks. Among these subsets comes the newer term, ‘VEC’, or Vendor Email Compromise.

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!

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.