Gone in 72 hours Frank Krasovec had a $1 million personal line of credit with PlainsCapital Bank. In 2018 he went on a business trip only to return and discover that 450,000 dollars was missing. Fraudsters had obtained access to […]
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The non-digital piece of your digital transformation As a CFO or finance leader, there is a need to bring technology into the operational processes of the finance and accounting department, which is becoming inevitable. The workforce is changing. People aren’t […]
Accounting Efficiency View Blog Post
In September of 2019 $29 million dollars were transferred from a Nikkei employee to a Nikkei management executive. Except it wasn’t a management executive, it was a scammer. Nikkei is Japan’s largest financial media organization as well as owning several […]
Fraud Prevention View Blog Post
1. Automation isn’t a phase, it’s the new normal Automating manual, rules-based, repetitive processes in the financial sector is growing, and it’s growing fast. Why? Because organizations are now able to improve productivity, organizational value, and customer experience. 2. Less […]
Accounting EfficiencyUncategorized View Blog Post
In the grand scheme of analogies ‘apples to apples’ is probably not correct when we are talking about Accounts Payable (AP) automation versus manual AP. At the end of the day, automating AP completely restructures your workflow and, hopefully, increases […]
AP AutomationUncategorized View Blog Post
The term “automation” was developed around 1946 to describe the increased use of automatic devices and controls in mechanized production lines. Typically attributed to D.S. Harder, an engineering manager at the Ford Motor Company the idea of automating objects or […]
AP Automation View Blog Post
While Executive and Manager-level employees both play distinctly critical roles in the process of paying vendors, it appears they have differing perspectives on what occurs along the way. According to the 2019 State of Accounts Payable survey there is significant perception discrepancy between seniority levels on the topics of fraud and payment timeliness.
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For middle-market businesses short on staffing or financial resources for the implementation of fraud protection programs, there are a variety of simple, scalable, and cost-effective ways to drastically mitigate risk of fraud.
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Get to know Product Manager, Payment Systems, Madhu Narayan through MineralTree’s monthly showcase of employees and their interests both in and outside of work.
About MineralTree View Blog Post
The market for accounts payable automation continues to evolve as more finance professionals develop an awareness, and more importantly, an understanding of the benefits. According to our 2019 State of Accounts Payable report, nearly one out of every five middle-market […]
AP Automation View Blog Post