Opinions & Community

How Should Your Accounts Payable Handle Short-Paying Invoices?

There will be times when every Accounts Payable function engages in short-paying invoices. Whilst there may be a range of reasons to make this decision, it is important to follow some basic procedures when short-paying invoices to ensure your accounting records are...

Pressure Testing: Ensuring You Have Strong Internal Controls

Is your organisation vulnerable to payments fraud? How robust are your internal Accounts Payable controls? Do you know whether your internal controls are fit-for-purpose or need strengthening? These are all critical questions that every CFO and Accounts Payable...

eftsure + Microsoft Dynamics 365 F&O: Helping flybuys secure its B2B payments

As one of Australia’s leading brands, flybuys prides itself on being a trusted name in the highly-competitive consumer sector. Over many years, flybuys built a reputation for its unwavering commitment to security. Individual members who collect and redeem points, as...

Accounts Payable Security Report: September 2021

Each month, the team at eftsure monitors the headlines for the latest Accounts Payable security news. We bring you all the essential learnings, so your Accounts Payable team can stay secure. BEC Attacks Target Property Sector Read More The Australian Cyber Security...

Review of the Australian Payments System

On 30 August 2021, Australia’s Treasurer, Josh Frydenberg, released the final report of the Review of the Australian Payments System. In recent years we have witnessed a dramatic change in the payments landscape. New technologies and shifting expectations are opening...

Why a Well-Run Receiving Department is Essential for Accounts Payable

Any CFO will tell you that their Accounts Payable department does not exist in a vacuum. For Accounts Payable to function effectively and efficiently, it relies on other departments across the organisation having their own internal processes running smoothly too....

Manual vs Automatic: What are the best Internal Controls for Accounts Payable?

When designing and implementing Internal Controls in Accounts Payable, every CFO should start by asking themselves this question: Are Manual or Automatic Internal Controls better for Accounts Payable? In this blog we will examine Internal Controls, and the pros and...

Processing Invoices for Services Rendered

Purchasing services can represent a particular challenge for Accounts Payable. Unlike the purchase of goods, in which the Accounts Payable department can easily confirm that a Purchase Order for a physical item has been satisfactorily fulfilled, paying for services...

Insider Threats: How to Keep Secure

Whilst regulators and law enforcement agencies focus their attention on ransomware, often the very same criminal syndicates are behind surging Business Email Compromise (BEC) attacks. In this blog, we will explore new evidence that attackers are shifting gear from...

Shift Left: The Key to AP Security

The Procure-to-Pay lifecycle contains multiple steps, each of which may be vulnerable to human error or fraud. In order to ensure the security of your Accounts Payable processes, you need to implement a combination of manual and automatic controls from the outset of...