PYMNTS

FEBRUARY 26, 2020

That means emerging services are multitasking, easing friction for both accounts payable and accounts receivable. Below, PYMNTS explores the latest initiatives and finds that innovators are looking at the accounts receivable side to tackle accounts payable friction. Tipalti Reallocates The Workload.

Accounts Payable 72

Accounts Payable Accounting Invoicing General Ledger 72

PYMNTS

OCTOBER 19, 2018

Even the mightiest of tech firms are not immune to invoice fraud. The site noted that, among the alleged fraudulent actions, Tran stands accused of sending two fraudulent invoices to Microsoft, and those invoices were sent to the company from other vendors. Blockchain For Invoices. million from the company.

Invoicing 61

Invoicing Finance Communication Accounting 61

CFO Thought Leader

JANUARY 29, 2025

Collis career began in accounting, where he spent seven years honing technical expertise in public accounting. His strategic mindset also focuses on transparency and scalability, ensuring that financial strategies align with operational goals and are clearly communicated across the organization. We offer two core products.

CFO 52

CFO Accounts Payable Invoicing Reconciliations 52

PYMNTS

SEPTEMBER 4, 2018

Chamber of Commerce found that 79 percent of SMBs surveyed said they’re using digital tools to communicate with customers and suppliers, with similar penetration rates found in SMBs’ efforts in sales, customer information and advertising. The impact and ROI of electronic invoicing can be more immediate, too.

Invoicing 70

Invoicing Analyzing Data Technology B2B 70

PYMNTS

NOVEMBER 3, 2020

The company has connected its SecurePay payment gateway solution within the accounting platform, allowing for SMBs to generate invoices and receive payment without having to leave QuickBooks. The OLB Group is looking to further speed up B2B payments with the eventual addition of same-day funding capabilities, Yakov said.

Invoicing 60

Invoicing B2B Accounts Payable eCommerce 60

Future CFO

MARCH 14, 2024

Talent shortage among accounting staff continues to persist in many parts of the world including Southeast Asia, with the issue being most felt by small accounting firms that struggle to compete with the big accounting firms: KPMG , PwC , Ernst & Young , and Deloitte.

Accounting 98

Accounting Finance Financial Analysis Compliance 98

PYMNTS

MARCH 26, 2020

Growing awareness of the cash flow pain caused by late B2B payments has led to increased calls to incentivize, and in some cases even mandate that larger corporates accelerate their invoice payment processes when working with small suppliers. In all, more than one-third of businesses surveyed admitted to this slip-up.

B2B 72

B2B Accounting Invoicing Accounts Payable 72

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. So you can understand what’s happening in your business and communicate effectively with your board members, donors, and financial team. with this overview of nonprofit accounting basics. . It’s a necessity.

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

PYMNTS

AUGUST 8, 2018

When it comes to accounts payable, there is no shortage of FinTechs that have taken either one of these approaches in an effort to address the many pain points of the procure-to-pay cycle. From this angle, Stampli has designed an invoice processing solution to facilitate communication between key players in the transaction.

Invoicing 48

Invoicing Accounts Payable Communication B2B 48

PYMNTS

MARCH 8, 2019

Invoice fraud, where emailed requests trick employees of various firms into sending money to scammers’ bank accounts, has been making the rounds in the United Kingdom. As much as 39 percent said they would “agree” to pay money into new bank accounts if requested through emails ostensibly tied to accountants.

Invoicing 59

Invoicing Accounting Manufacturing Communication 59

PYMNTS

SEPTEMBER 20, 2018

Research published last year from the International Factoring Association (IFA) pointed to the trucking and freight industry as the market that uses invoice factoring solutions more than any other. Invoices submitted for financing by freight factoring firms account for more than one third of all invoices processed for funding, the IFA said.

Accounting 63

Accounting Invoicing Accounts Payable Transportation 63

PYMNTS

JANUARY 13, 2021

When employees cannot be physically in an office to send or receive paper invoices and purchase orders, the ability to electronically transmit data on those documents to the appropriate business partner is key as work-from-home requirements continue.

Invoicing 56

Invoicing Accounts Payable B2B Communication 56

PYMNTS

DECEMBER 10, 2020

Increasingly, FinTechs and the businesses they serve are pulling double duty with solutions that tackle both accounts receivable and accounts payable friction for each end of the B2B transaction. Digitizing and modernizing B2B payments cannot be a one-sided effort. Wells Fargo, Bill.com Pull Double Duty With Partnership.

Accounts Payable 60

Accounts Payable Accounting B2B Invoicing 60

PYMNTS

NOVEMBER 15, 2018

A new report from Software-as-a-Service (SaaS) firm Inspyrus suggested that chief executive officers and accounts payable (AP) professionals aren’t seeing eye to eye on AP technology, and organizations are failing to upgrade their AP processes and tools as a result.

Accounts Payable 63

Accounts Payable Accounting Invoicing Finance 63

The Finance Weekly

NOVEMBER 13, 2024

It's crucial for small businesses to maintain good cash flow by managing finances and staying updated on Accounts Receivable (AR). Effectively handling AR means keeping track of customer invoices and making sure payments are collected on time. The main goal of managing AR is to make sure that you collect unpaid invoices on time.

Accounting 52

Accounting Invoicing Accounts Payable Budgeting 52

Future CFO

DECEMBER 28, 2022

The invoicing process encompasses much more than simply creating and transmitting an invoice. The total process cost per invoice includes the total cost of personnel, outsourcing, systems, overhead, and other allocations to these activities. per invoice. per invoice. Source: APQC. and top performers spent US$2.00.

Invoicing 52

Invoicing Accounts Payable Accounting Sales 52

CFO Talks

MARCH 6, 2025

If you’re spending hours every week trying to manage your books, chase invoices, or figure out tax rules, youre not focusing on what mattersgrowing your business. A CIBA Business Accountant in Practice keeps up with all these changes and makes sure everything is done correctly and legally. Not all accountants are the same.

Numbers 52

Numbers Finance Accounting Invoicing 52

PYMNTS

OCTOBER 30, 2019

The artificial intelligence-based accounts payable company Stampli has raised $25 million in a Series B funding round, the company announced Wednesday (Oct. Stampli redefines invoice management by turning the invoice into a communication tool allowing AP to seamlessly collaborate with all departments and external vendors.”.

Accounts Payable 50

Accounts Payable Accounting Invoicing Communication 50

Future CFO

MARCH 16, 2022

Hexamatics Servcomm , an HR and business process service provider headquartered in Malaysia, decided at the onset of the current pandemic to automate its operational account and control (OAC) function, which has been crucial in reducing daily operation time by 50% to 60%. What is very interesting about this app is the automation process.

Finance 98

Finance Accounts Payable Invoicing Compliance 98

CFO Simplified

DECEMBER 12, 2021

The terms “finance” and “accounting” are often used interchangeably. There are, however, very real differences between finance and accounting. While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category.

Accounting 52

Accounting Finance Cash Flow Forecasting Quantitative Analysis 52

CFO Talks

OCTOBER 3, 2024

Aggressive Accounting Practices : Look out for unusual accounting entries, round-number transactions, or complex journal entries that lack clear justification. Common Payroll Fraud Tactics: Fictitious or Ghost Employees : Employees create fake personnel records to channel wages into their own accounts.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

The Finance Weekly

FEBRUARY 11, 2024

It's crucial for small businesses to maintain good cash flow by managing finances and staying updated on Accounts Receivable (AR). Effectively handling AR means keeping track of customer invoices and making sure payments are collected on time. The main goal of managing AR is to make sure that you collect unpaid invoices on time.

Accounting 52

Accounting Invoicing Accounts Payable Budgeting 52

PYMNTS

JUNE 19, 2019

HSBC is rolling out its digital accounts receivable solution for corporates in India after teaming up with Australia-based Identitii , reports in IT Wire said on Tuesday (June 18). “HSBC’s DART is an industry first,” said Identitii CEO Nick Armstrong in a statement.

Accounting 55

Accounting Communication Cash Management Invoicing 55

The Charity CFO

SEPTEMBER 28, 2022

Use A Simple Accounting Software . Instead, use simple accounting software like Quickbooks Online. . Instead, use simple accounting software like Quickbooks Online. . If you taught yourself to do it by hand, learning how to use nonprofit accounting software will be a breeze. Scan Your Receipts and Invoices .

Nonprofit 105

Nonprofit Invoicing Accounting CFO 105

CFO Talks

MARCH 4, 2025

Process Automation Using tech to handle invoices, payroll, and reports can save money and reduce errors. Clear communication builds trust and confidence, whether its a staff meeting, an investor update, or a customer announcement. Supplier Negotiations Can you get a better deal on materials or services?

Budgeting 52

Budgeting Forecasting Invoicing Sales 52

E78 Partners

NOVEMBER 18, 2024

Potential pitfalls include: Cash Flow Issues: A sudden leadership change can disrupt the normal flow of operations, leading to delays in invoicing and payment processing. As organizations experience blurred decision-making processes, they face sudden financial difficulties, impacting cash flow and stakeholder relationships.

Leadership 52

Leadership Budgeting Profit and Loss CFO 52

PYMNTS

NOVEMBER 25, 2020

This combination of facilitating payment and data connectivity was the motivation behind Transcard's launch of automated account-to-account (A2A) transactions. The Account-To-Account Connection. Today, suppliers that receive a transaction may see funds weeks after an invoice is issued. Deepening Data Ties.

B2B 116

B2B Invoicing Reconciliations Accounting 116

PYMNTS

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. These firms are finding that managing both systems in the cloud offers the flexibility and security needed to streamline invoicing and cut costs, while keeping operations running as smoothly and accurately as possible.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

Future CFO

JANUARY 30, 2021

However, as many will quickly learn, large enterprises often practice payment terms that can leave businesses hanging on to invoices they can’t really use to pay salaries or suppliers. Click here for a history of invoicing finance, including factoring and trade finance. Why a CFO should care about invoice factoring. What to do?

Invoicing 52

Invoicing CFO Treasury Finance 52

Future CFO

MARCH 29, 2021

FutureCFO spoke to Marcus Rex, managing director for Asia-Pacific, xSuite, for his perspective on how finance automation in general, and accounts payable in particularly, can help transform finance into a profit centre. Myths around accounts payable (AP) automation. Recurring pain points in accounts payables.

Accounts Payable 52

Accounts Payable Accounting SAP Invoicing 52

The Charity CFO

MARCH 6, 2024

The conversation today has a very simple focus, 5 red flags that your nonprofit accounting needs improvement, even when it may not be recognized. Red Flag #1: Bank Account Reconciliation Whether the business is accrual or cash basis, it does not matter. The accountant must post all transactions that filter through the bank account.

Nonprofit 59

Nonprofit Accounting Reconciliations Invoicing 59

Future CFO

JULY 16, 2021

Customer service doesn’t stop when companies are dealing with outstanding customer accounts. Whether escalating outstanding accounts to third-party collections agencies or managing receivables in-house, AR teams must emphasise customer experience throughout the entire collections process. appeared first on FutureCFO.

Accounting 52

Accounting Accounts Payable Communication Invoicing 52

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. Again, noted Fordyce, this can take many forms — from automating invoice reconciliation to addressing a user’s resource constraints.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

Navigator SAP

FEBRUARY 17, 2022

Here are some of the top ERP functional areas of management: Accounting and Finance As money flows in and out, how many software solutions are you using to keep tabs on where it’s going? Sales data related to customer visits, expenses, shipping, invoicing, forecasting, and competitor analysis are all available in one place.

SAP 130

SAP Invoicing Manufacturing Compliance 130

PYMNTS

SEPTEMBER 6, 2019

Designed to consolidate organizations’ spend data, Bill Pay combines credit card spend and invoices in a single view for a more holistic picture of company spend, Divvy said in its announcement. The Divvy platform communicates with vendors about preferred payment method, the firm explained, and remits payments for the client.

Invoicing 46

Invoicing Budgeting Communication Investments 46

CFO Plans

AUGUST 9, 2024

In the rapidly evolving landscape of business accounting, staying ahead requires more than traditional bookkeeping. Cloud Accounting Services Transform Financial Practices The shift to digital has revolutionized accounting practices. Transform your financial practices with cloud accounting services.

Accounting 52

Accounting Tax Planning CFO Startups 52

PYMNTS

JUNE 15, 2017

Cloud company Vlocity and invoicing company Globys are teaming up to target the communications industry and provide its members with a streamlined procurement solution. Globys specializes in invoice-to-cash solutions for B2B suppliers in the subscription economy, the company explained in the Wednesday (June 14) announcement.

Accounting 42

Accounting Accounts Payable Invoicing Communication 42