Articles

Helpful resources for the modern business.

The Benefits of Virtual Cards for B2B Payments

In terms of payments, businesses seem to be behind the general public. A 2018 study found that only 6% of consumers preferred to make payments via check. A majority (54%) chose to pay by debit card, while 26% preferred using a credit card. Businesses, meanwhile, are...

The Risks of Using Credit Cards for B2B Payments

Businesses are beginning to realize the benefits of moving away from the use paper checks as the primary form of B2B payment(s).  A 2018 Accenture study found businesses spent $523 billion on credit cards in 2018, and that number was expected to rise to $763 billion...

The Risks of Using ACH for B2B Payments

Businesses have been searching for more direct, secure, and efficient payment forms for years now. One of the most popular and widely-accepted forms is known as Automated Clearing House, or ACH, payments. ACH (Automated Clearing House) are payments made where funds...

The Risks of Using Checks for B2B Payments

B2B payment fraud is on the rise. In 2019, 81% of organizations reported they were the target of an actual or attempted payments fraud. That year marked the second highest rate since 2009, with only 2018's 82% level being higher. Hackers are increasingly targeting the...

What is Accounts Payable Automation?

What is Accounts Payable Automation?

Accounts Payable departments often lag behind others in the company adopting forward-thinking principles. Human Resources, sales, and production departments use the latest technology. AP departments, though, still rely on too much manual work. Automation is an...

Why are Accounts Payables Stuck in the Past?

Why are Accounts Payables Stuck in the Past?

Accounts Payables are one of the most important parts of the financial side of businesses. Vendors need to get paid to keep things moving, so the more time and money you can save processing APs, the better. Emerging technologies, coupled with acceptable modern...

How ePayables Make AP Processing Easier

For many years accounts payable processing has been a manual process. With hundreds, if not thousands of papers to process by hand, the room for error is tremendous, and the risks are simply difficult to justify. Manual AP processing is also costly because it slows...

Epayables vs P-cards

The Major Advantages of Virtual Cards versus P-cards Businesses around the country are beginning to realize the exorbitant cost of relying on traditional paper checks for invoice payments. A 2018 study from PYMNTS and Mastercard reported that checks cost businesses...

How to turn accounts payable into a profit center

Company executives don't often think of Accounts Payable (AP) as a profit center. Why should they make you money? AP deals with paying debts, after all, so it's only natural to think of payables as an expense. Viewing AP as a profit center might be a tough concept to...

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