Posts by Colleen Crist
7 Ways AP Automation Improves Operational Efficiency
As the economic downturn continues, businesses are looking for ways to reduce costs. One way to reduce costs is to improve process efficiency. When it comes to accounts payable processing, most organizations have a lot of work to do to improve efficiency. 33% of accounts payable professionals are working longer hours these days, according to…
Read MorePaymerang Volunteers at Shalom Farms
Paymerang partnered with Shalom Farms to help provide healthy food options to Richmond communities in need. Our team spent hours on the farm cutting vines, digging through soil, and sorting sweet potatoes for distribution. Through this work, our team embodied our core values: integrity –our ethical standards led us to provide good beyond our business…
Read MoreWhy 71% of AP Departments are Automating in 2020 and You Should Too
If it feels like processing payments to suppliers is taking longer, you are not imagining things. One-third of accounts payable practitioners are working longer hours these days, according to the Institute of Finance and Management (IOFM). In fact, eight percent of accounts payable practitioners are working an additional two hours or more per day, which…
Read MoreHow The Supplier Guides The Accounts Payable Evolution
A PYMNTS Article Featuring Paymerang This article was originally published on PYMNTS.com In a pre-COVID environment, accounts payable (AP) departments had three major struggles, according to Nasser Chanda, CEO of Paymerang. The first was overcoming the burden of manual processes, from invoice ingestion and approval to payment initiation and reconciliation. The second was ensuring that payments to…
Read MorePaymerang Named Best and Brightest Company
The National Association for Business Resources Names Paymerang in Summer 2020 List of Best and Brightest Companies to Work for in the Nation September 9th 2020 — The National Association for Business Resources has released their Summer 2020 Best and Brightest Companies to Work For in the Nation and Paymerang is honored to have made…
Read MoreRemote Working, Without the Fraud Risk
Fraudsters know a good opportunity when they see one—and the recent, mass shift to remote working was an opportunity too good for them to pass up. The Federal Bureau of Investigations, the Internal Revenue Service, and Interpol warn that phishing schemes and Business E-mail Compromise (BEC) attacks increased since the onset of the pandemic. This…
Read MoreHow Paymerang Supports Partners
In today’s fast-paced environment, businesses are continually striving to stay ahead of the curve and deliver innovative products and solutions. It is imperative for these organizations to look for new opportunities to drive collaborative innovation that delivers on what their clients need today—and in the future. Partnerships between businesses can harness the strengths and capabilities…
Read More8 Best Practices for Mitigating the Risk of Payments Fraud
If it feels like your accounts payable department is under siege by fraudsters, you are not alone. Payments fraud is at an all-time high. Worse, it’s not just your checks that are at risk. Fraudsters are using new tools and sophisticated schemes to infiltrate electronic payments to suppliers. The good news is that eight best…
Read More5 Ways Electronic Payments Improve the Healthcare Revenue Cycle
If your healthcare organization’s knees are buckling from the pressure of managing shrinking reimbursement rates, skyrocketing costs, and growing cyber security threats, you are not alone. Hospital and health system CFOs and revenue cycle leaders are under ever-increasing pressure to develop strategies to improve the financial health of their organizations—and his won’t change in 2020.…
Read MorePodcast Series with University of Richmond – A Day in the Life…
Our team has the pleasure of partnering with the University of Richmond for a virtual lunch and learn. At Paymerang, we understand growth is the key to success, both as a person and as a professional. Our engineering team members are constantly learning and adapting new technology to provide our clients with fantastic products and…
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