Security and Risk Management in Payment Transactions
Alongside smaller companies, there are still many medium and largesized companies that have not yet implemented real-time monitoring of their payment processes. The result? These organizations then fail to discover missing cash until the end of the month. This is often the case despite tried-and-tested digital payment platforms that standardize and automate cash flows being readily available in the market. With such tools, corporations are provided with the necessary controlling and an uninterrupted overview of these cash flows.
For this reason, a central record of all existing accounts and payment governance are indispensable for any company. Moreover, central payment solutions not only provide protection against fraud, but also reduce costs to process payment flows. They also trigger an alarm if unusual transactions occur, making hidden bank accounts and a black economy a thing of the past.
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TIS Sanction Screening - One Tool, Greater Security
Government-imposed embargoes and sanctions on who you can trade with and how, are changing almost daily which poses a great risk to your business. How do you keep up-to-date with which payments and cash transfers are allowed?
While you may have successfully worked with many of your suppliers for a number of years — and know them well — do you have the same visibility over those working with your subsidiaries? What measures are in place to deal with invoices that cannot be paid? The penalties if you get it wrong are huge, in lost reputation a ...
Transparency, centralisation and management of international transactions
Today we see many CFOs are making progress towards creating a technology-enabled finance function, but much work lies ahead. Too many companies still rely on outdated data for key decision-making and experience challenges of consolidating numerous disparate systems. For the successful delivery of insightful analytics, the capacity in the finance function must be released by the introduction of far more automated and efficient payment processes. Underpinning all of this will be digital technologies, mobile e-enabled finance tools, leading-edge d ...
Digital Acceleration in the line of coronavirus
A global survey of 600 technology decision-makers conducted by MIT Technology Review Insights, in association with VMware, finds that most organizations in Asia-Pacific and the world over had largely prepared for the online commerce and remote working the pandemic made compulsory.
More than three-quarters of Asia-Pacific organizations had made digital and IT investments—and their efforts augmented their collective ability to handle new ways of doing business. ...
NEW [eBook] ESG Distributed Cloud Series Study 2: Cloud-native Applications
While the business goals and schedule for this cloud-first approach are often well-defined, the path to realize them is not. There are significant technical, organizational and operational hurdles to overcome, and some organizations have found these challenges more difficult and time-consuming than expected.
Managing multi-cloud environments can be especially challenging. Too often, IT capabilities and resources haven’t been fully addressed. ...
Hindsight is 2020 - The Pandemic Provides a Wakeup Call
How has the COVID-19 pandemic and the necessity of the distributed, anywhere workforce shifted the future of work? Forrester Consulting conducted a survey, commissioned by VMware, to global future-of-work decision-makers with responsibility for strategy and security from various global industries on how the challenges of moving to an anywhere workforce has changed the way they do business and the way they perceive business will continue to be done.
Discover insights from these business leaders to improve your organization’s security posture ...
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Empowering your people: How executives can jump-start the flexible workplace
The Great Resignation. The Big Quit. Whatever name it goes by, the recent increase in employee...