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How does your organization process an invoice?

Can you answer this question? If not, let's talk....
I ask this question and the typical CFO response does not match their actual processes.  The CFO (or senior finance manager) lists protocols related to invoice receipt, desig… https://www.supplychainfin.com/blog/2013/08/how-does-your-organization-process-invoice/

e-Invoicing Saves Big Money!

Great article link about e-Invoicing and the benefits that it has for your organization. Check it out.
I read this great article today on BusinessWeek.com about electronic invoicing.  It outlines the traditional, tedious billing process and compares it to electronic invoicing.… https://www.supplychainfin.com/blog/2013/07/e-invoicing-saves-big-money/

Quarter of Companies Never Clean Master File

Amazing but true A recent study by The Accounts Payable Network found that 25% of companies fail to clean their master vendor tables.
A recent study by The Accounts Payable Network found that 25% of companies fail to clean their master vendor tables.  This leaves the company open to fraud, duplicate payment… https://www.supplychainfin.com/blog/2013/07/quarter-companies-never-clean-master-file/

Payment Fraud

Payment fraud experience good news in 2012, for the percentage of organizations experiencing fraud in 2012 fell to the lowest level since 2005.
Payment fraud experience good news in 2012, for the percentage of organizations experiencing fraud in 2012 fell to the lowest level since 2005.  However, 61% of organizations… https://www.supplychainfin.com/blog/2013/06/payment-fraud/

How does 72% rate of return sound?

Just think about that for a minute. If your financial advisor could offer you that kind of return on your investment - would you be interested?
If you have vendors that offer early pay discounts (2, 10 30), then you can achieve a rate of return of 72%.  The Accounts Payable Network advances that the rate of return fo… https://www.supplychainfin.com/blog/2013/05/how-does-72-rate-return-sound/

ACH Payment Volume Exceeds 21 Billion in 2012

We live in a world where everything is going digital and this is especially true in the banking and payment processing world. Check out the statistics - are you and your organization keeping up with the trends?
Paper check volume continues to decline and while ACH (Automated Clearing House) volume continues to increase.  Corporations are moving from paper and are moving to electroni… https://www.supplychainfin.com/blog/2013/04/ach-payment-volume-exceeds-21-billion-2012/