Same Day ACH is ready for its debut at the end of the week, and for some, its launch signals the next step for the payments industry to become faster and more digital. But a new report finds that, even as Same Day ACH is fast-approaching, businesses are actually increasing their use of paper checks. For the 2016 AFP Electronic Payments Survey, researchers found a 1% increase in the use of paper checks for B2B payments compared to 2013 levels.
It seems it’s been a rough morning for security. While the team at Yahoo is scrambling to explain exactly how they managed to send over 100 million customers’ worth of data out for auction on the dark web, 5.5 million workers at the word’s top 1,000 publicly traded firms will be waking up this morning trying to figure out how all their personal information managed to get up on the web.
Guess what, accountants? Americans really like you. In fact, in Gallup’s annual measure of U.S. business sectors, the accounting industry garnered the fifth-highest positive rating. And while accounting wasn’t as popular as the restaurant industry or farming, it enjoyed a nearly 4-to-1 positive-over-negative rating in Gallup’s poll, released recently. Accounting continued to rate far more positively than pharmaceutical and health care companies, the federal government and the legal field.
Customer billing and payables processing are just two of the activities that are the bread and butter of financial management. Every process and line item that feeds official performance reports must be pristine, efficient, and reliable. There’s really no room for error. Just ask your board of directors, who are no doubt intensely interested in absolute integrity in corporate financial processes, as well as the safeguards that protect them.
For most of the last decade, we’ve been talking about the same old, same old. Mobile payments will be how we pay. Online retailers will be where we shop. Technology — not traditional payments companies — will be who leads the way. And until recently, it was met with the same old, same old response: Yeah, maybe next year. Well, it sure feels like next year — 2017 — could be that year. We’ve hit the inflection point this year that pundits have been predicting each year for the last 10.
orporate money managers are evolving into strategic players within the enterprise, but this trend is often cited in reference to C-suite executives, like treasurers and CFOs. A new report from BlackLine says that, while these positions are recognized for the role they play in aiding with enterprise growth, everyday accountants are unsung heroes.
Join MSDynamicsWorld.com for a new panel discussion on the state of AP automation, invoice management requirements, and how these needs fit into the larger trend toward digital transformation. This live event will examine new primary data about Dynamics GP users’ attitudes and behaviors including the pressure to improve automation, what organizations really need from their partners when planning for the future, GP users' AP and AR-related priorities for the next 12 to 24 months and the related technologies that Dynamics GP partners and users expect to have the greatest impact in the future.
SAS, the analytics company, and Javelin Strategy & Research, the market research company, found in their “2016 Digital Channel Threat Report: Derisking Convenience” that digital channels are opening up unanticipated points of weakness for banks. According to a press release highlighting the results of the study, the two companies said EMV, otherwise known as chip cards, are protecting customers from physical card fraud, but the increase in digital channels is enabling other non-card scams to arise. With the “seemingly endless” number of digital options, there are alternative routes for the bad guys to commit fraud, they said.