On July 4, 2024, PYMNTS.com declared, “2024 Is Already the Year of the Cyberattacks.” A bold statement to make only halfway through the year. However, as we approach the close of 2024, this declaration remains valid, with many large global organizations becoming victims of cyberattacks.

In the world of B2B transactions, late payments can create significant challenges. Whether you’re managing accounts receivable for a small business or overseeing financial operations for a large company, delayed payments can disrupt cash flow, delay projects and harm vendor relationships. 

Invoices constantly flow in and out of businesses, with larger companies sometimes receiving hundreds daily. Fraudsters are aware of the chaos, seeking opportunities to infiltrate a business without suspicion. Accounts payable (AP) and accounts receivable (AR) teams can easily fall victim to illegitimate vendors, as the tactics fraudsters use are constantly evolving.

Collecting payments from B2B customers is essential for ensuring consistent cash flow. However, dated and clunky payment experiences can delay these payments and hurt your bottom line. Now available in Sage Intacct, ClickToPay simplifies and speeds up the payment process.

How many platforms does your business access during a typical workday? Maintaining separate systems to run your business is inefficient and expensive, and it is prone to manual entry errors, reporting nightmares, and poor vendor experiences.

Automated Clearing House, better known as ACH, offers an electronic way for consumers and businesses to make payments quickly and easily for goods and services. ACH uses bank routing and account numbers to move money between parties. Have you considered the risks associated with sharing such sensitive account details?

Accounts Payable (AP) teams have increasingly become targets of payment fraud, as they often still rely on paper and manual processes. Invoices are especially easy to infiltrate, given fraudsters' proficiency with image-altering tools. Do you know what to look for to spot a fraudulent invoice?

In the bustling world of business finance, efficiency and clarity in vendor payments are not just desirable—they are essential. As businesses using Sage 100 enterprise resource planning (ERP) strive to optimize their operations, the integration with REPAY emerges as a leader of innovation, simplifying the complexities of accounts payable. This integration isn't just about paying bills but transforming how businesses manage and execute their financial operations.

The school budget crisis has become a prevalent issue, impacting educational institutions across the nation. Howard County Public School System’s recent challenges highlight the critical need for robust financial management strategies. As school administrators and financial officers seek effective solutions, streamlined payment systems emerge as a beacon of hope, demonstrating how technology can alleviate fiscal constraints.

Businesses are continuously seeking new ways to increase the efficiency of their teams and grow revenue. Accounts payable (AP) teams are often overlooked in this search, but why?