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Table of Contents Accelerating Accounts Receivable With B2B Payments Technology The days of cumbersome paper checks and out-of-PCI compliance snail-mail invoices are fading into the rearview mirror. Over half of all AFP survey respondents considered speed the most important factor when choosing a payment method.
Nearly half of the companies surveyed by the Association for Financial Professionals (AFP) and Bloomberg aren’t using a treasury management system. The majority (64 percent) also pointed to compliance and process control as key benefits of their systems.
The reference work, says the company, helps inform treasury and risk professionals about technology and workflow, with an eye on trading, risk controls and compliance. To be blunt, this isn’t your grandfather’s money market anymore.
A 2016 survey by the Association for Financial Professionals (AFP) reports 62 percent of respondents anticipated faster payments would have a somewhat or extremely positive impact. Facilitating cross-border payments means resolving questions of regulatory compliance and foreign exchange, Brieske said. Even today, not all U.S.
Estimates from the Association for Financial Professionals (AFP) found that more than a third of fraud attacks on the enterprise came from within the organization itself. While most corporations are hesitant to admit it, fraud initiated by a company’s own employees is quite common — and incredibly expensive.
” While the role of faster and real-time payments remains uncertain in the B2B landscape, most professionals surveyed by the Association for Financial Professionals (AFP) in its 2016 report agreed that faster payments will be a good thing for their firms. . “But you need to reconcile in real time.”
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