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Blog

The Costs of Stagnation in the Back-Office

December 3, 2024

It can be easy to become complacent about back-office operations. After all, they’re the behind-the-scenes functions that keep the business running smoothly, right? While this is true, neglecting these operations can have significant, often silent, costs. In this blog post, we’ll discuss the costs of stagnation in your financial back office, and how you can […]

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Promoting Vendor Portal Adoption

Vendor portals have become essential tools for streamlining procurement processes and improving communication between businesses and their vendors. However, getting vendors to adopt these portals can be a significant challenge. Here are some strategies to overcome these hurdles and help with promoting vendor portal adoption. Clear Communication and Value Proposition User-Friendly Design and Onboarding Incentives […]

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Choosing the Right Technology: Security

The financial back office houses critical information like customer accounts, transaction histories, and financial reports, making it a prime target for cybercriminals. A single breach can have devastating consequences, including significant financial losses, reputational damage, and regulatory fines. As such, robust security measures are no longer a luxury but an absolute necessity for financial institutions. […]

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Cost vs. Investment

The distinction between a cost and an investment lies in the anticipated future value. A cost is an immediate expense that doesn’t yield significant long-term benefits. Conversely, an investment is an expenditure made with the expectation of future returns. While investments may require an initial outlay, they often lead to increased efficiency, reduced risks, improved […]

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Maintaining Healthy Supply Chains

A resilient and efficient supply chain can significantly impact a company’s bottom line, customer satisfaction, and overall business performance. As supply chains become increasingly complex, maintaining their health requires a multifaceted approach. In this blog post, we’ll discuss establishing and maintaining healthy supply chains. Why Supply Chain Health Matters Supply chains are the backbone of […]

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Navigating Budget Season

Budgeting season is a crucial time for businesses of all sizes. It’s a period of careful planning, analysis, and decision-making that sets the financial course for the upcoming year. While the process can be complex and time-consuming, it’s essential for ensuring the organization’s financial health and long-term success. In this blog post, we’ll discuss why […]

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Building Sustainable Success in the Financial Back Office

October 22, 2024

The financial back office has long been going through a digital upgrade. For companies to thrive in today’s competition, financial institutions must embrace technology-driven solutions that enhance efficiency, reduce costs, and ensure compliance. However, adding new technologies alone won’t keep companies on the leading edge. In this blog post, we’ll discuss building sustainable success for […]

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Choosing the Right Technology: The Importance of Customization

Your back-office operations play a crucial role in achieving efficiency. To streamline processes, enhance data management, and foster growth, selecting the right software is essential. But what sets a great back-office solution apart? There are many answers to this, but in this blog, we will focus on the importance of customization. The One-Size-Fits-All Myth Gone […]

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Tackling Vendor Onboarding Challenges

Vendor onboarding is a critical process for financial institutions, but it can also be a complex and time-consuming task. With the increasing number of vendors and regulatory requirements, it’s essential to streamline the onboarding process to minimize risks and improve efficiency. Common Challenges Strategies for Overcoming Vendor Onboarding Challenges By addressing these challenges and implementing […]

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11 Ways to Avoid Duplicate Payments in the Financial Back Office

October 1, 2024

Duplicate payments can be a costly and time-consuming problem for businesses of all sizes. These errors can lead to financial losses, operational inefficiencies, and damage to vendor relationships. To effectively prevent duplicate payments and ensure the accuracy of financial records, it is essential to implement preventative solutions. Here are some strategies to help your organization […]

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