Accounts Payable

How tech can make the CFO’s job easier

Over the last few years, I’ve read countless articles about the role of CFOs evolving from traditional skills and disciplines to wearing multiple hats and becoming a strategic force within the business. Today, we’re focused not only on reducing costs but shortening time to value, to give our organizations the agility to adapt to dynamic market conditions and compete in a more interconnected world...

Are CFOs ready to become Chief Performance Officers of the future?

If we started with a blank sheet of paper, would we design the Finance functions we have today? Possibly not, according to a recent hypothesis from PwC[1] about the CFOs of the future. Until recently, Finance has been tasked to lower costs, provide governance, and increase insight. These financial skills and disciplines will still exist in future, but it’s time to look beyond the old chestnut of...

4 tips for preventing Accounts Payable fraud

Many accounts payable professionals work diligently to implement fraud prevention controls in their invoicing processes. However, despite their best efforts, fraud is a more prevalent occurrence in many organizations than most employees realize.  Here are a few tips that you can use to identify and prevent fraud in your organization. Tip 1: Monitor requests for duplicate payments Although...

If we could re-think Accounts Payable, how would it look? – Part 2

Last year I talked about the transformation of Accounts Payable, here and at our Basware Connect event in London. Whether you see it as an evolution or revolution, we are likely to agree that over the last decade there have been considerable changes that have helped reshape the profile of Accounts Payable, and more broadly Purchase-to-Pay. This led me to present the view that while technology has...

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