The Finofo blog

For mid-market companies, vendor contracts aren't just procurement documents. They're risk tools, compliance anchors, and accountability levers. This blog explains how AP teams can integrate contract data into payment workflows to reduce fraud, avoid overpayments, and tighten controls.

3-way PO matching verifies invoices, POs, and receipts to prevent overpayments and fraud. Learn how it works, why it matters, and how automation makes this core AP control faster and scalable.

Invoices pour in from multiple suppliers, plants, and currencies. Matching them to POs and receipts is slow and error-prone. Here’s how AP automation solves manufacturing’s toughest invoice, approval, and cash flow challenges.

Manual invoice coding seems simple but drains AP efficiency fast causing delays, errors, and rising costs as volumes grow. Here’s how it impacts cycle times, accuracy, and visibility, and how finance leaders can fix it with smarter automation.

Even well-run finance teams face non-PO invoices - from SaaS renewals to service retainers. Untracked, they cause delays and budget overruns. With structured workflows and automation, these exceptions can flow as efficiently as PO-based invoices.

Packing slips and goods receipt notes (GRNs) play a hidden but critical role in AP accuracy and fraud prevention. This post breaks down why these documents matter and how finance teams can use them to tighten controls without slowing down.

Working capital fuels growth but manual AP hides trapped cash, missed discounts, and poor visibility. The question is: can automation unlock working capital, or is it just another efficiency play?

Funding secured. Now let's replace decades-old banking rails with friction-free global payments that any business can access.

Still getting paid by cheque or expensive wire? You’re not the only one—but you don’t have to be. U.S. clients can pay you via local ACH using Finofo. No $50 wire fees. No FX surprises.

Stop paying to get paid. Finofo lets Canadian firms collect USD via local ACH — zero wire fees, zero FX pain. Faster cash, auto-matched in your ERP.