The IRS is aggressively pursuing withholding agent’s’ compliance with the 1441 rules, FATCA (Foreign Account Tax Compliance Act) and other regulations, in order to offset offshore tax evasion and recover lost revenue. We’re seeing a l…
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The Internal Revenue Service (IRS) is aggressively employing agents to pursue tax withholding compliance. That includes mechanisms for businesses to comply with the Foreign Account Tax Compliance Act (FATCA) and Chapter 3 withholding. The effort b…
Early payments can be a win-win for both your AP department and suppliers. By offering your suppliers an early payment option, you strengthen your supplier relationships by improving their cash flow, while you generate revenue from those early payment …
Let’s say you have a transformational financial operations (FinOps) strategy that requires buy-in from the IT department. Chief Information Officers (CIOs) and IT departments are notoriously cynical about any technology introduced into their purv…
As a governing entity in the supplier sourcing process, it ensures that each supplier is properly screened prior to onboarding, thereby protecting the company from risk due to fraud, fines, audits, and investigations. Once a supplier relationship is es…
From transaction and conversion fees to reliability, no single payment method works optimally in every situation. Understanding the effect of global payment remittance is critical to creating a payables strategy that: Ensures greater delivery suc…
Let’s face it, personal finance isn’t simple for everyone. If you intend to truly manage your bank account, it’s best that you understand what banking is all about. This resource covers: Commonly used banking terminology Usi…
Finance has better things to do than process invoices and supplier payments all day. Unfortunately, most businesses waste precious time, money, and labor on invoice and payments processes that could easily be automated. According to a TechValidate surv…
In today’s business world, with so many solutions to consider across Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), inventory management, and e-commerce—the task of choosing one or more may seem daunting. Although choosing …
