With fraud and theft on the rise, the FBI has reported that since 2014, Business Email Compromise (BEC) and invoice fraud have cost U.S. businesses over $2 billion across all fifty states and 177 countries. Therefore companies
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Automation is quickly becoming the norm in nearly every area of financial services, from customer experience to internal operations. In particular, automated collection, reconciliation and automated dunning offer a range of advantages for businesses. By leveraging automation
When a business grows, managing billing, customer subscriptions and other operations become challenging. The main challenge for most subscription-based enterprises is finding a way to recover lost revenue. Having a B2B cash flow management system can help
Cash flow can be the difference between success and failure in business operations. Therefore, there is a need to implement a modern B2B cash management solution to ensure adequate cash flow. Sometimes businesses face cash flow problems
The first wave of automation in finance happened in the 90s, with the popularization of enterprise resource planning systems or ERPs. The finance function has since evolved, with the COVID-19 global pandemic speeding up the transformation of
Accounts Receivables (AR) refers to the proceeds or payments a company will receive from its customers for the products sold or services offered on credit. The term ‘receivables’ points to the money that is due to an
The global pandemic offered a tough choice for enterprises around the world: innovate or get left behind. As the ‘new normal’ rendered many conventional financial practices obsolete, organizations realized that they must harness the power of financial
Holistic enterprise solutions are the second wave of automation in finance after ERPs which came more than two decades earlier TOC Financial Automation: The Demand Rises Changing dynamics in Finance Operations ERP: The Roadblocks CMS vs ERP
Cash management services are critical in a business, especially with different business systems. As a result, companies are changing how they make B2B payments. Most businesses are integrating B2B cash management software into their operations to improve
Cash flow management is a very important aspect of a business's stability. Poor cash flow management can affect business working capital and other operations. As a result, a business needs a cash flow management system to increase