Accounts Payable Automation
Maximize efficiency, visibility and security by automating the entire invoice-to-pay process with Paymode-X.
Over the last year, the consumer price index rose by 8.3 percent. That spike in inflation has already had significant impacts, and further inflation is expected, which will cause the cost of goods, services and capital to rise even further. The Fed, in an effort to moderate that sky-high inflation, has raised interest rates. Many predict that will soon lead to a recession, impacting businesses even further.
We’ve seen major disruption to supply chains, with organizations scrambling to procure what they need to continue to operate, and it doesn’t look as though that will change any time soon.
This level of upheaval makes it extremely difficult for organizations to assess their financial position and forecast their cash flow, which are efforts essential to business health. Those organizations that have depended on makeshift processes to work around their issues and inefficiencies are at an even greater disadvantage than their competitors.
In this whitepaper, we explore the impacts of inflation, recession and supply chain issues and the steps you can take to protect your organization against the negative effects of an economic downturn.
“Forty percent of business-to-business payments are still made by paper check, which contributes to significant time and cost inefficiencies”
- Gunita Bindra, Vice President of Product Management, Bottomline
Download this whitepaper to explore 3 cautionary tales of real-life AP teams that have fallen victim to fraud schemes and 5 steps you can take to prevent B2B payment fraud within your organization.
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