Enhancing supplier management with nightly TIN/OFAC screenings for fraud prevention
The challenges of modern supplier management are real, but so are the opportunities. By embracing automation and integrating TIN/OFAC screenings into a comprehensive validation process, businesses can protect themselves from fraud, maintain compliance, and build stronger, more resilient supply chains.
The difference of Corcentric’s AP & Payments solutions
Outdated accounts payable processes are more than just a bottleneck—they’re a liability, hindering growth and compromising supplier relationships. Corcentric offers a revolutionary approach to overcoming these challenges with its tailored AP and payments solutions
The human element in fraud prevention: Why technology alone isn’t enough
Effective fraud detection and prevention calls for a balanced partnership between human insight and technological precision.
How AP management can transform fleet & logistics Accounts Payable processes
If you’re navigating the world of accounting for fleet and logistics, you’re familiar with the mission-critical task of keeping everything moving. But without smooth payment processes, you're constantly at risk of falling behind.
How accounts payable experts prevent fraud before it happens
It's vital to stop fraud before it hits your books. But first you need to know what to look for. Discover the many faces of fraud and how Corcentric's StopFraud can help defeat bad actors.
Life beyond checks: the role of supplier information management in an AP payments program
Shifting from traditional checks to digital payments like ACH and virtual cards offers businesses more efficiency, security, and cost savings. Checks, though simple, come with high costs and increased fraud risks. However, moving away from them requires proper supplier information management (SIM) to ensure accurate and secure payment processing.
Best practices for analyzing your AP aging report
The AP aging report is more than just a list of unpaid bills. It’s a powerful tool that helps you manage your outstanding debts, track overdue payments, and maintain healthy relationships with your vendors.
The future of accounts payable: emerging trends in automation and management
In a rapidly evolving financial landscape, accounts payable processes are undergoing a significant transformation driven by technological advancements. The future of AP is both revolutionary and evolutionary
Essential accounts payable skills
Understanding essential accounts payable skills can significantly enhance both individual performance and organizational efficiency benefitting both the AP department and the individual.