Invoice processing

How CFOs can Identify and Prevent Fake Invoices in their Business Operations

How CFOs can Identify and Prevent Fake Invoices in their Business Operations

ByDecision Engines

As a CFO, you are responsible for safeguarding your company’s financial health and ensuring that all financial transactions are accurate, legitimate, and compliant with relevant regulations. However, fake invoices can be a significant challenge threatening your company’s financial stability and reputation. Fake invoices are fraudulent documents created and sent to businesses to deceive them into…

Duplicate Invoices: Understanding the Most Important Factors and How to Avoid Them

Duplicate Invoices: Understanding the Most Important Factors and How to Avoid Them

ByDecision Engines

Duplicate invoices can be a significant problem for businesses of all sizes. They can lead to unnecessary expenses, confusion, and even damage to a company’s reputation. Fortunately, several factors can help you avoid duplicate invoices, and automation can play a critical role in this process. Duplicate Invoices – How To Avoid Them The Most Important…

Invoice Processing With Low-Code Platforms: 10 Ways To Leverage It
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Invoice Processing With Low-Code Platforms: 10 Ways To Leverage It

ByDecision Engines

Invoice processing with low-code platforms is steadily becoming the new favorite among businesses, big and small. Compared to manual or paper-based Invoice systems, Invoice workflow and Invoice processing systems are more efficient, secure, and cost-effective. Invoices can be generated in an automated fashion to ensure better accuracy while eliminating time-consuming processes associated with traditional Invoice…

What Are Different Types of Invoices? The Essential Elements of an Invoice

What Are Different Types of Invoices? The Essential Elements of an Invoice

ByDecision Engines

There are many different types of invoices a business can send or receive for its clients. The type of invoice you choose or receive will depend on your industry, how you bill for your services, how often you plan to get paid, and/or the terms of the contract. Depending on the type of client and…

Invoice Fraud: How to Protect Your Business from This Growing Threat

Invoice Fraud: How to Protect Your Business from This Growing Threat

ByDecision Engines

Businesses of all sizes are at risk for invoice fraud. This type of fraud occurs when someone posing as a legitimate vendor sends an invoice to a business for services or products that were not actually provided. The goal of the fraudster is to get the business to pay the invoice and release the funds,…