The Sarbanes-Oxley Act seeks to prevent vendor and employee fraud that would otherwise stem from the exploitation of weaknesses in accounts payable controls. The act requires that controls be in place ...

To manage vendor payments effectively, businesses should adopt automation, establish clear terms, and use digital platforms ...

Behind every successful business finance operation lies a collection of essential practices that often receive attention only when problems surface. Invoice reconciliation, rarely celebrated or ...

Stampli, the leading AI-powered platform for procure-to-pay (P2P) automation, today announced a record 2.06 million invoices ...

Reconciling your vendor statements allows you to ensure that there are no mistakes or inaccuracies between what the vendor is charging you and the inventory, services or supplies you received.

As businesses face growing transaction volumes and increasing regulatory requirements, accounts payable teams struggle to maintain efficiency while ensuring payment ...

JOINT BASE SAN ANTONIO-FORT SAM HOUSTON, Texas (Aug. 31, 2018) -- Twenty of the Mission and Installation Contracting Command's 30 contracting offices began participating this month in the Supplier ...

The Prompt Payment Act requires agencies to pay interest on any invoices older than 30 days, but the question is, when does that clock start for most vendors?

Accounts Payable will automatically pay purchase orders that are less than $1,000, without approval from the department. If the department does not want payment to be made, they must contact Accounts ...