The Story of The Crying CEONizam Yusuf
Tears wouldn’t have poured – if only he had planned ahead
The lore of payments dismay is never openly shared by companies who fail abysmally. Those who get caught are forced to apologise whilst hanging their heads in mortal shame. Whereas the lucky ones must keep their lying streak going perpetually, hoping that their deceitful act is never unearthed.
Filed away in hidden archives from the prying eyes of the world, we’ve uncovered a collection of untold stories, from which we share one real-life example. To give you a flavour of the terror that has brought businesses to their knees, here’s an excerpt from the “Little Book of Payment Horrors“
Contingency – Whilst this was not exactly a disaster of biblical proportions, it is worth considering a contingency payments service, in the off chance you’re unable to make a payment for some reason or another.
Advance Submission of Payments – Promote timely planning and schedule payment submissions in advance, and you’ll never have to chuck large sums of money at payment problems ever again.
Faster Payments – If they had done their research – and not panicked – they would have realised that you can process same-day payment through Faster Payments for £1 / £3 per transaction. This would have saved them £3840 – Hindsight is 20/20
Segregation of Duties – To preserve some semblance of security measures and not make fraud easy-peasy, segregation of duties is pretty darn important – wouldn’t you agree?
Download the “Little Book of Payment Horrors“
From siphoning loose change to driving a billion-pound business to the ground. The idea that payment oversights can wreak havoc in a boardroom is one that you will encounter in this compendium of worst-case scenarios. With shocking real-life stories to induce nightmares in the most jaded of finance professionals, you’re sure to walk away with some important lessons on operational efficiency and best practice to apply within your company.