Account Payable (AP) Best Practices
Implementing best practices for accounts payable (AP) enhances both security and efficiency, reducing fraud risks and improving cash flow management. Automating invoice processing with secure AP software minimizes errors, speeds up approvals, and prevents duplicate or fraudulent payments. Establishing strong internal controls, such as segregation of duties and multi-level approvals, ensures accountability and reduces the […]
Reducing Bank Fraud with Positive Pay
Many reading this post may think this is obvious but there are many small and medium sized organizations that haven’t yet implemented this process. Organizations are increasingly targeted by financial fraud, including check and ACH fraud. One way a fractional CFO can help safeguard an organization’s finances is by implementing Positive Pay, a fraud prevention […]