The Hidden Dangers of 30 Days of Credit in an ERP System
Current 30 days and supplier credit management ERP (Enterprise Resource Planning) systems, such as SAP, Oracle, Priority, and Tafanit, improve business processes, streamline activities, and ensure the flow of information between departments. Poor credit days management (current plus) creates serious financial risks, such as processing invoices too early, paying early, and miscalculations. These problems hurt […]
The hidden risks of verifying a supplier’s bank account
In today’s digital age, financial security is a top priority for businesses. ERP systems, such as SAP, Oracle, Priority, and Tafnit, have revolutionized the management of financial processes and supplier relationships. However, when suppliers request changes to supplier bank accounts , relying solely on supplier bank verification can expose your organization to fraud. Fraudsters exploit weaknesses in traditional verification […]
