It is no secret that the Coronavirus (COVID-19) pandemic has disrupted life as we know it, causing many organizations to transition to a 100% work-from-home environment. Unfortunately, the quick shift from an office to teleworking has compromised the integrity of many organizations’ security.
“In 2020, 74% of organizations were targets of payment fraud.”-Association For Financial Professionals 2021 Payments Fraud and Control Survey Report
Modern technology, such as Paymerang’s Payment Automation and Invoice Automation solutions, enabled companies to carry on with business as usual, even amid a global crisis. Businesses that use technology to maximize their productivity have done better in this climate. Whether that means setting up home offices, conducting zoom meetings, or paying all their vendors with a click of a button.
“65% of treasury and finance professionals believe that the COVID-19 pandemic is to blame for some of the uptick in payments fraud at their companies.”-Association For Financial Professionals 2021 Payments Fraud and Control Survey Report
To address the challenges of this unprecedented time, Paymerang has compiled a list of resources covering topics such as Vendor Impersonation, Mitigating Fraud, AP Best Practices and more.
Our cloud-based invoice and payment automation solutions offer security, flexibility and efficiency, while protecting your payments. Let Paymerang alleviate the burden of making and securing your business payments so you can focus on more mission-critical initiatives.