PYMNTS

APRIL 17, 2020

Smooth accounts payable (AP) processes are critical in the spice business, in which purveyors must send funds securely to vast numbers of distributors and growers worldwide. … We don’t write it down even, [but] it’s all in our accounts payable [system],”. That’s why we have all the accountabilities we have.”.

Accounts Payable 60

Accounts Payable Securities Accounting Invoicing 60

PYMNTS

JULY 7, 2020

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.

Banking 96

Banking Accounts Payable Treasury Finance 96

The Charity CFO

FEBRUARY 25, 2022

If you’re brand new to nonprofit accounting, the Chart of Accounts might be the best place to start. Because even if you only have one bank account, bill, investment, or expense, you’ll need one. What is a Chart of Accounts? How to Organize a Nonprofit Chart of Accounts . Account Description.

Nonprofit 98

Nonprofit Accounting Accounts Payable GAAP 98

The Charity CFO

APRIL 5, 2022

If you’re like many people, you probably think that there is a single set of accounting rules that every company must follow. . But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting.

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

PYMNTS

AUGUST 6, 2020

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Bottomline Rolls Out Open Banking Service. Airwallex Taps Deutsche Bank.

Banking 110

Banking Foreign Exchange Accounts Payable Technology 110

PYMNTS

DECEMBER 28, 2020

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. But accounts payable is far from the only back-office financial workflow at risk of fraud. In another case, the Bank of Ireland intercepted a $1.34 In another case, the Bank of Ireland intercepted a $1.34

B2B 116

B2B Accounts Payable Invoicing Manufacturing 116

PYMNTS

FEBRUARY 28, 2020

As such, B2B FinTech firms continue to embrace collaboration and data integration between each other, particularly as the financial services world at large continues its migration toward unlocking data in an Open Banking framework. Going Further With Open Banking. Cichy said he sees the opposite happening today, though.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

DECEMBER 30, 2020

As treasury management becomes increasingly digital, a bank’s corporate banking clients face challenges when it comes to modernizing treasury workflows. Embedding banking into ERP systems has been a hot topic as of late — although the buzz surrounding it has been years in the making.

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. At the same time, he explained to PYMNTS, industry collaboration can mean combining banks’ and FinTechs’ biggest strengths.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

PYMNTS

MARCH 6, 2020

FinTechs are helping banks focus on the customer experience through accounts payable (AP) automation. told PYMNTS in an interview that banks foundationally value “the relationship they have with the customer” and “they understand the customer.” AvidXchange Senior Vice President of Financial Services Boyce Adams Jr.

Banking 100

Banking Accounts Payable Accounting Technology 100

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? Investopedia defines accounting as “the process of recording financial transactions pertaining to a business.” .

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

PYMNTS

NOVEMBER 9, 2020

I think when the pandemic hit in early March, it really put a gun to the head of many companies by taking what have been Byzantine processes around accounts payable or accounts receivable and moving to much more digital means,” Jay Dearborn , president, corporate payments of WEX Inc. told PYMNTS. And apparently, he’s not alone.

Accounts Payable 109

Accounts Payable B2B Treasury Accounting 109

PYMNTS

JANUARY 27, 2021

The concept of embedded banking has opened up a new frontier for financial service providers to drive holistic, elevated experiences for end-users. Increasingly, businesses want the same benefits of embedded banking that consumers have. Increasingly, businesses want the same benefits of embedded banking that consumers have.

Banking 115

Banking Accounts Payable Treasury Prioritization 115

PYMNTS

DECEMBER 9, 2020

Bill.com and Wells Fargo are partnering on a new feature called Bill Manager to help small- to medium-sized businesses (SMBs) access automation for the accounts payable (AP) and accounts receivable (AR) process, according to a press release emailed to PYMNTS.

Accounts Payable 113

Accounts Payable Invoicing Accounting Banking 113

PYMNTS

DECEMBER 14, 2020

Amid market volatility, organizations are finding it imperative to accelerate their accounts receivables while extending accounts payables and still maintaining positive buyer-supplier relationships. Accounts receivable and accounts payable are two key functions of the enterprise with significant impact on cash flow.

Accounts Payable 123

Accounts Payable Cash Flow Forecasting Invoicing Prioritization 123

PYMNTS

OCTOBER 14, 2020

"Unlike solutions on the market today that only offer a handful of ERP integrations and require a manual intervention to complete a payment, RegalPay One offers a bank-branded platform that connects directly to their corporate customers' ERP system," Ed Wertzberger , vice president of solution delivery for Regal Software, said in the announcement.

B2B 82

B2B Banking Accounts Payable Reconciliations 82

PYMNTS

NOVEMBER 10, 2020

Bank has rolled out its new AP Optimizer, which is a digital tool that works to simplify invoice processing and payments for businesses, according to a press release. Bank, according to the release. With AP Optimizer, the release stated, U.S.

Accounts Payable 80

Accounts Payable Banking Invoicing Treasury 80

PYMNTS

JANUARY 27, 2020

Commerce Bank will strive to provide timely and convenient payments with its new partnership with Progressive Insurance in what they tout as a “truly strategic combination.” Commerce Bank is not new to partnering with other entities for innovative solutions.

Banking 86

Banking Accounts Payable Accounting Sales 86

CFO Thought Leader

OCTOBER 29, 2024

Gronen: Yooz is an AP (accounts payable) automation and payments company. Fraud, such as fake vendors or altered bank account details, is a growing concern in accounts payable. ” —John Gronen, CFO, Yooz CFOTL: Tell us about what this company does and its offerings today.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) CFO Finance Profit and Loss 52

CFO Simplified

JULY 24, 2022

How Does a Fractional CFO Work with a Remote Accounting Team? But even with all of those changes, the accounting function has remained essentially the same. So, in a remote environment, which we’re all used to by now, how does a fractional CFO work with a remote accounting team? Managing a Remote Accounting Team.

Accounting 96

Accounting CFO Invoicing Manufacturing 96

PYMNTS

APRIL 8, 2020

When the program went live on Friday (April 3), only two FIs, Bank of America and JPMorgan Chase, had been able to begin accepting applications — Bank of America saw a whopping $6 billion worth of applications in only a few hours, ending Friday with $32.6 Small businesses overwhelmed U.S. billion in applications. Funding Circle.

Banking 98

Banking Accounts Payable Compliance Technology 98

PYMNTS

DECEMBER 16, 2020

Visa and the UAE's First Abu Dhabi Bank (FAB) are partnering to introduce virtual corporate cards to the financial institution's business clients to accelerate and automate B2B payments. Access Bank Taps Visa For SMB Debit Cards. Visa, FAB Roll Out Corporate Virtual Cards. Tipalti Enhances Corporate Card Adoption In AP.

Accounts Payable 114

Accounts Payable Microsoft Office B2B Currencies 114

PYMNTS

FEBRUARY 27, 2020

Small businesses continue to embrace digital banking. At the same time, digital banks are looking to capitalize on their growing small and medium-sized business (SMB) customer base, with open banking and bank-FinTech collaborations an important part of that strategy. Open Banking Drives Challenger Bank Adoption.

Banking 77

Banking Accounts Payable Invoicing Currencies 77

CFO Simplified

JUNE 23, 2022

It’s not unusual in a small company for the accounting manager to become the controller and then become the CFO. Here’s a list of ten tactical things that a controller does: Maintains the company’s bank balance. Reconciles the bank accounts. Codes and processes Accounts Payable invoices.

CFO 96

CFO Cash Flow Forecasting Accounts Payable Forecasting 96

PYMNTS

DECEMBER 22, 2020

This week's look at the convergence of accounts payable and accounts receivable finds tools like commercial cards, trade credit, artificial intelligence and robotics process automation easing friction on both ends of a B2B transactions. PYMNTS And CSI Eye AR-AP's Digital Shift. Robotics Process Automation Tackles AR-AP Friction.

Accounts Payable 79

Accounts Payable B2B Invoicing Accounting 79

PYMNTS

MAY 23, 2019

The B2B space is ripe for transformation, where outdated payment processes mark accounts payable (AP), and where technology can make all the difference as corporates choose their banking partners to satisfy their payment needs. Banks And FinTech Firms Together.

Banking 76

Banking Accounts Payable Leverage Technology 76

PYMNTS

FEBRUARY 22, 2019

The relationship between FinTechs and banks has been complicated, with relatively young upstarts competing with established financial institutions in a new and growing world of digital payments and commerce. But, in fact, banks and FinTechs may make for the perfect marriage, as each works to leverage their unique strengths and opportunities.

Banking 82

Banking Accounts Payable Treasury Compliance 82

PYMNTS

FEBRUARY 6, 2020

Chicago-based Signature Bank is rolling out a technology platform called Finrails AP to simplify B2B payments, the company announced on Thursday (Feb. Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods.

Banking 67

Banking Accounts Payable B2B Invoicing 67

PYMNTS

JUNE 25, 2020

As accounts payable (AP) and accounts receivable (AR) operations continue to converge for many organizations, buyers and suppliers are increasingly acknowledging the value of using each other’s technology platforms to promote stronger B2B relationships. MineralTree Pairs For Global AP.

Invoicing 112

Invoicing Accounts Payable B2B Currencies 112

CFO Simplified

AUGUST 21, 2022

If you’re like many business owners, you may have a loan from your bank. In this case, the bank is giving you a percentage of those quick assets—either inventory or accounts receivable (AR)—to provide support for the loan they’re giving you. Why Is My Bank Changing Its Advance Rates? Let’s dive in.

Banking 98

Banking Concentration CFO Accounting 98

PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. ” Banks’ Collaborative Opportunity. ”

Accounts Payable 114

Accounts Payable Invoicing Reconciliations B2B 114

PYMNTS

APRIL 24, 2020

bank technology firm securing $100 million to expand in the region. Plus, an accounts payable technology company announced a $127 million equity round. In France, Libeo , which offers invoice processing automation technologies for small businesses in need of accounts payable optimization, secured $4.32 KarbonCard.

B2B 77

B2B Accounts Payable Startups Invoicing 77

PYMNTS

JANUARY 18, 2021

With more digital banking options emerging on the U.S. market, FinTechs are turning their attention to the business community, whose demands for a better banking experience are growing louder. Marrying AP With Banking. The bank is the single database for a business," said Wheldon. The New ERP?

Accounts Payable 66

Accounts Payable Banking Invoicing Corporate Finance 66

PYMNTS

OCTOBER 19, 2020

While there’s still a degree of noise and complexity in the process, Disque said collaborations with banks and FinTechs are accelerating and the shift to integrated payments is happening even as the U.S. The connectivity is already there with the banks, the financial institutions and the FinTechs that facilitate it.

Accounts Payable 110

Accounts Payable Invoicing Accounting Banking 110

PYMNTS

DECEMBER 29, 2020

Now, with electronic processes in place in accounts payable (AP) and accounts receivable (AR) departments, businesses are in a more strategic position than ever before to elevate workflows and strengthen B2B relationships. B2B payments are messier than B2C payments," said Chanda.

B2B 114

B2B Reconciliations Accounts Payable Invoicing 114

PYMNTS

JULY 29, 2019

The complexities of business transactions not only mean various financial functions, from accounts payable to payroll, are stuck in their own silos — it can often mean more silos within those disparate systems. Most enterprises … have many disparate systems, ranging from accounting to payroll to banking to taxes, etc.,”

Accounts Payable 73

Accounts Payable B2B Invoicing Accounting 73

PYMNTS

SEPTEMBER 29, 2020

During the lockdown, many people shifted to accessing banking and other financial services online. The first company it's working with is Wirex, which provides a crypto-friendly currency account and enables cross-border payments via Visa card. Many more made contactless payments.

B2B 129

B2B Accounts Payable B2C Currencies 129