Blogs

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Blogs

The Cost of an Incorrect Invoice Date

In finance operations, small details often carry the heaviest weight. A single digit, misplaced in a system entry, can hold up payments, disrupt vendor trust, and complicate reporting. One case in Europe illust...

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Blogs

Double Trouble: How a Simple Invoice Error Led to a Duplicate Payment

In the fast-paced world of finance operations, accuracy in invoice processing is non-negotiable. A single oversight can lead to duplicate payments, reconciliation issues, and compliance challenges. One case in ...

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Blogs

When Invoices Go Wrong: The Cost of Paying the Wrong Vendor

In the complex world of finance operations, every transaction depends on precision. A single oversight in invoice processing can create a chain of problems – delayed payments, strained vendor relationship...

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Blogs

The Cost of Choosing the Wrong Payment Method: A Lesson in Global Transactions

A Small Setup Error, A Big Consequence In financial operations, it’s often the seemingly simple tasks that carry the heaviest risks. One such example emerged when a vendor payment was returned, not because o...

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Blogs

One Digit, Big Impact: Why Vendor Master Data Matters

A Costly Oversight Finance operations often run on well-structured processes, where accuracy is the backbone of success. Yet, it is often the smallest details that have the power to create the biggest disrup...

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Blogs

When a Small Error Costs Big: A Case of Incorrect IBAN in Vendor Master Data

The Case at Hand In today’s interconnected financial world, even the smallest mistakes can snowball into larger consequences. This was the case when a payment failure occurred in Europe due to an incorrect I...

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Blogs

Avoiding the Pitfalls of Duplicate Vendor Records

In Finance and Accounting (F&A), Procure to Pay (P2P) is one of the most sensitive and business-critical functions. Vendor master data may appear straightforward, but even minor oversights in this area can ...

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Blogs

Beyond the Numbers: Navigating the Realities of F&A Operations

Finance and Accounting (F&A) Operations Management is far more complex than it may initially appear. At its core, it is not just about balancing books or running processes in isolation. It is a dynamic ecos...

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Blogs

Benchmarking for a Stronger Order-to-Cash Function

After examining the essential benchmarks in Procure-to-Pay (PTP), it’s time to shift our attention to the Order-to-Cash (O2C) process – a cornerstone of financial operations that directly impacts li...

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Blogs

F&A Transformation – Key to Long-Term Success

What It Really Takes to Transform Finance & Accounting Functions Over the past few weeks, we’ve explored the journey of Finance & Accounting (F&A) transformation – its purpose, phases, and ...

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