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Practicing What We Preach-The Case for Vendor Payment Automation

Practicing What We Preach-The Case for Vendor Payment Automation

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?

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Adapting to Regulatory Changes in the Payments Industry

Adapting to Regulatory Changes in the Payments Industry

The world of payments is constantly evolving, with new technologies like mobile wallets and real-time transfers emerging all the time. While these innovations offer exciting opportunities for businesses, they're also accompanied by a growing web of regulations designed to protect consumers and ensure security and financial stability. Keeping pace with these payment regulations and adapting your business practices can feel overwhelming, especially for smaller companies with limited resources.

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Enhancing Exception Management for More Efficient Mortgage Payments

Enhancing Exception Management for More Efficient Mortgage Payments

In today’s ever-changing world of mortgage finance and servicing, there are many obstacles and challenges each enterprise must overcome to remain competitive and compliant in the marketplace. The foundation and core of mortgage financing is providing the needed funds for borrowers to achieve the American dream of homeownership. Additionally, the most fundamental activity that must occur over the life of the loan is the repayment of the debt. It is essential for servicers to make this process as simple as...

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Fighting Payables Fraud-The Case for Outsourcing Vendor Payments

Fighting Payables Fraud-The Case for Outsourcing Vendor Payments

Payment technology is evolving at lightning speed. New technology provides bad actors new targets for fraudulent activity.

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Simplifying Payments Within Sage Intacct

Simplifying Payments Within Sage Intacct

Running a business involves navigating the complex world of financial transactions, but they can be simplified when leveraging platforms like Sage Intacct. In today’s fast-paced business environment, integrating efficient payment solutions is a necessity. This blog will explore how integrating payments into Sage Intacct can streamline your business operations.

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What is Preventing Your Business from Automating Vendor Payments?

What is Preventing Your Business from Automating Vendor Payments?

Businesses still rely heavily on paper processes when paying their vendors. Given the technology available, this may come as a surprise. Using paper checks to pay vendors is costly, time-consuming and error-prone. And they often require headcount specifically for creating, processing and tracking them.

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Shifting Gears From Paper to Digital to Simplify Vendor Payments

Shifting Gears From Paper to Digital to Simplify Vendor Payments

Accounting teams are essential for keeping funds flowing into and out of any dealership. No matter the number of rooftops, paper processes have long presented problems, especially for Accounts Payable (AP), who manage the vendor payments that keep your business running.

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Future of Finance with Instant Payments: RTP Vs. FedNow

Future of Finance with Instant Payments: RTP Vs. FedNow

The reliance on modern technology tools, including instant payments, has opened new gateways for efficient transactions. Businesses can streamline their transactions without worrying about factors like payment security and delayed transactions. Real-Time Payments (RTP) and FedNow are the most recent wonders of finance innovation. These services have emerged as some of the fastest and most reliable payment channels in the U.S. We will walk you through a thorough comparison of RTP and FedNow to help you...

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Predicting the Top Five Payment Trends for 2024

Predicting the Top Five Payment Trends for 2024

The future of payment technology holds many surprises for global business industries. We can expect numerous opportunities and benefits for businesses in the constantly evolving modern landscape of the finance industry. With the rising trend of online businesses, the need for fast and efficient payment services is evident. 

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Top 40 Credit Card Processing Terms to Understand

Top 40 Credit Card Processing Terms to Understand

Merchants have successful businesses to run and rarely is there time to learn the numerous credit card and payment processing terms that make up the payments industry. Informed merchants are better positioned to negotiate lower rates and improve overall service. We have created this list of the top 40 payment processing terms as a quick and easy reference guide for industrious merchants. Our thought process is simple: the more you understand about the most common and confusing terms, the better prepared...

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