Association for Financial Professionals’ Post

🔍 Tackling the Top 5 AP Challenges for SMBs! Managing accounts payable can be especially challenging for small and midsize businesses, which face issues ranging from manual errors to payment fraud risks. Our latest post dives into everyday AP struggles and practical solutions to streamline processes, boost security, and save time. Read the full article to learn actionable tips on overcoming these AP roadblocks and discover how CashCloud can help your business grow with efficiency and peace of mind. #AccountsPayable #SMB #DigitalPayments #CashCloud #FintechSolutions #BusinessEfficiency

What if you could easily maintain your vendor payment information and updates—all in one place? What if you could completely offload your payment fraud management and liability? And, what if you could extend your AP automation to the payment itself—eliminating manual tasks and paper checks in the exchange of money between you and your vendors? Join our partner Quadient Accounts Payable today at 1PM ET to learn how to stay in AP control with payment automation—and cut the checks for good. https://hubs.li/Q02-82V20

⚠️ Common Challenges in Accounts Payable ⚠️ Accounts Payable can be challenging! Here are some common issues: ➡️ Manual Data Entry Errors: Mistakes can lead to incorrect payments. ➡️ Fraud Risk: Unauthorized payments or phishing scams. ➡️ Late Payments: Missing due dates can incur penalties. ➡️ Invoice Discrepancies: Mismatched invoices and POs. Have you ever faced any of these difficulties? Please share your stories below! 💬⬇️ #AccountsPayable #Accounting #CashFlow #VendorManagement #Sage300

✨ Feeling like you’re spending too much time managing vendor and supplier payments? ✨ If the manual process is taking up valuable time and resources, it might be time to consider automation. Streamlining payments can reduce errors, speed up transactions, and free up your team to focus on more strategic tasks. Automating your payment processes could be a game-changer for efficiency and growth!

Audit preparation can be stressful and disruptive to a financial institution’s business operations. Many banks and credit unions are turning to virtual audits for the following reasons: ✅ Streamlined audit preparation ✅ Reduced risk of information loss ✅ Cost savings If your institution has implemented virtual audits, what benefits would you add to the list?   https://lnkd.in/ea9inBnd

Operating a business means receiving and paying many invoices. While your accounts payable department likely has defined processes to ensure that transactions go smoothly, a recent increase in invoice fraud should have you on high alert. Recent reports indicate that scams and fraud involving false invoices increased by 137.5% in 2023. Read more! - https://smpl.is/9t3dr #JumpStartTech #SanFrancisco

If you’re stuck with a payment processor that burdens you with hidden fees, slow service, and outdated equipment, it might be time to consider a better solution. Why settle for systems that hold your business back when there’s a modern, cost-effective alternative available? Here’s how traditional payment processors stack up against Antmar Enterprises: Most payment processors lock you into long-term contracts, bury hidden fees in your statements, and provide lackluster support through toll-free numbers. You’re left dealing with frequent service interruptions, unreliable equipment, and no way out without hefty early termination fees. Worst of all, unexpected costs like PCI compliance fines can sneak in, affecting your bottom line. With Antmar Enterprises, it’s a different story. We offer free, up-to-date terminals, no contracts, and no hidden fees. Our transparent pricing ensures you always know what you’re paying for. Plus, our 24/7 personalized support means you get immediate help without frustrating delays. Not only do we keep your payment systems running smoothly, but we also provide fraud protection and handle PCI compliance at no extra charge. The choice is clear: why continue dealing with costly, outdated payment processing systems when Antmar Enterprises offers a faster, more cost-effective solution that delivers real results? With no long-term contracts and hidden fees, we help you reduce costs and streamline your payment processes, ensuring your business runs as efficiently as possible. Isn’t it time your payment processor worked for you? Book a free consultation today and see how Antmar Enterprises can save you time, money, and unnecessary frustration.

Unlocking finance transformation: payment trends to watch in 2025 The future of finance is being reshaped by real-time payments and advanced fraud prevention measures. As we move into 2025, the adoption of ISO 20022 and other technological advancements will drive significant transformation in corporate payments. Companies must prepare by updating their payment systems and ensuring compliance with new data requirements. Embracing these trends will enhance efficiency, security and overall financial performance. https://lnkd.in/dBDiPmyw #FraudPrevention #FinanceAndAccounting #PaymentTrends

And the higher the volume the higher the instances of check fraud businesses are facing. For businesses that reach $1billion in B2B check payments, that number reaches a staggering 72% 🤯

Let's talk about cost savings. Finance folks always ask us what a B2B payment security platform is worth, so we built out a Savings Calculator for them to play around with. Take a look: https://lnkd.in/etTKFy_7 Test it out, have fun, and happy savings! Shai Gabay Eli Ben nun Juliana Pereira Brian Angelson Einat Glik Dor Gosher #savings #fraud #businesspayments #b2bpayments #invoicefraud #cfo #finance #accountspayable