Invoiced Accounts Recievable Automation Blog

You've been the victim of fraud, and even more frustrating is that you should have caught it months ago. The evidence was sitting there on every balance sheet, waiting for you to notice the discrepancy. But your bank statements and balance sheets have always varied, and so many checks come in and go out around the end of the month that it's hard to keep track.

With digital processes essentially replacing paper-based transactions in the consumer payments industry, business-to-business (B2B) payment methods are also evolving. Standardized networks for exchanging electronic invoices (e-invoices) and digital remittance information are essential in modernizing B2B payment transactions, and government initiatives are now accelerating the creation and adoption of these frameworks.