Northwestern faculty and staff should review how to properly submit vendor invoices and related correspondence for payment processing, including exceptions, required documentation and compliance with ...

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 ...

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 ...

Invoices keep businesses running, but managing them is rarely as simple as it should be. Payments get delayed, approvals stall, and finance teams spend more time fixing errors than focusing on ...

Brex reports that automated invoice processing enhances efficiency, reduces costs, minimizes errors, and improves cash flow ...

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.

Finance teams know that payment errors are more than operational noise. A single duplicate payment, an altered invoice, or a fraudulent ...

Invoice reconciliation, rarely celebrated or highlighted in financial reports, quietly serves as the backbone of precise record-keeping and healthy vendor relationships. Many organizations discover ...