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

Supercharge Your Procure-to-Pay and Order-to-Cash Cycles

In this free webinar, Jonathan Bein and Rob Kelley present technologies that dramatically shorten the time from procurement to payment while reducing errors, rework, and eliminating unnecessary labor most payment operations require.

The Value of Embracing Payment Automation: Payment Automation ROI – A Real-World Example

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.

How to Increase Your Dealership's ROI with Payment Automation

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.

How Distributors Can Create a Business Case for Payment Automation

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.

All Blog Posts

How Streamlining Payments Helps Build Vendor Relationships

AP teams shouldn’t have to take on extra work to make electronic payments work. The whole process can be streamlined by working with a payment automation provider. All AP has to do is select who to pay, and the provider will pay each vendor by their preferred method.

9 Ways to Improve Your Cash Management Systems

Cash flow management can be a real headache, and antiquated processes don’t help. There’s a better way to manage cash than simply using paper checks.

Ten Tips for Productive and Focused Remote Team Meetings

 

It feels like the longer we’re all in the remote and hybrid world, the harder it is for people to focus. Thanks to digital burnout and continuous partial attention, remote meetings can feel unproductive. Here’s how to get your team back on track

Trust and Empowerment: Two Keys to Emerging Unscathed from the Great Resignation

How do you make your employees feel valued? Show them you trust them.

Is Risk Management Part of Your Organization's Payment Solution?

Risk is involved any time money changes hands. Accounts payable departments are constantly under attack from bad actors trying to trick them into sending money to fraudulent bank accounts. However, tight internal controls, ongoing training, and payment automation can all help reduce the risk. Jeremiah Bennett, Director of Information Security at Nvoicepay, a FLEETCOR company, offers insight into how to incorporate risk management into your payment solution.

How to Attract Millennial and Gen Z Employees with Eco-Friendly Initiatives

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!

No More Business as Usual When You Double Down on Remote Sales

Enterprise change comes slowly. Could perfecting remote sales processes help speed it up?

Why the Players That Focus on Both Sides Will Win the B2B Payments Market

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.

How to Perfectly Manage Your Cash Flow as an Auto Dealership

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!

Why Cryptocurrency Matters to Finance and Accounting Professionals

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.

How to Adopt a Powerful Approach to Vendor Payments

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.

7 Considerations for Creating the Perfect Hybrid Work Environment

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.

How to Calculate the Real Benefits of ROI

Many professionals don’t take advantage of the ROI opportunities available to them. Here are seven ways in which payment automation supports time and money savings, and how payment automation companies can lend a hand in achieving these goals.

Why Credit Cards Could Be the Next Big Opportunity in B2B 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.

How Remote Work Lends Itself to Reshaping the Back Office

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.

3 Leadership Lessons I Learned by Becoming Company President in 2020

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.

9 Things Companies Need to Know to Automate Supplier Payment

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. 

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.