Multinational corporations with regionally dispersed and large supply chains are expanding growth opportunities with supply chain finance programs. By supporting their suppliers with better terms and faster payments in a way that doesn’t impact working capital allocation, senior finance leaders are better able to manage a complex supplier network. Modern CFOs are turning to their treasury team, who manage the funding of payments to their suppliers, for technology enabled solutions that deliver supplier payments on a secure platform to reduce risk and generate free cash flow.
AFP released its 2018 Payments Fraud Survey this week and it reports that payments fraud attempts have risen, again. Fraud attempts were found at 78 percent of organizations, up from 74 percent the year before.