CFO Talks

FEBRUARY 13, 2025

Send Invoices Promptly & Follow Up Regularly One of the main reasons businesses experience cash flow problems is the late issuance of invoices. An invoice serves as a formal request for payment, and the sooner it is sent, the sooner the customer can process and settle it.

Credit Risk 52

Credit Risk Invoicing Economics Securities 52

PYMNTS

NOVEMBER 20, 2019

Citi noted traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collection and reconciliation. Earlier this year Citi said it would be preparing for an uptick in corporate banking operations despite concerns about an economic slowdown.

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

PYMNTS

JULY 2, 2020

Often at the center of this initiative is the accounts payable (AP) department — and unsurprisingly for these volatile times, the strategy can turn toward lengthening the days payable outstanding (DPO). “It’s not only the economics that are being optimized” by accepting cards, Leavitt said. ”

Economics 104

Economics Accounts Payable B2B Reconciliations 104

PYMNTS

MAY 4, 2020

Office closures and remote working mandates have created an uncomfortable wakeup call for accounts payable (AP) and accounts receivable (AR) departments that continue to rely on manual, paper-based processes. And there are a lot of them. “Any strategic CFO will recognize the need for digital transformation.”

Invoicing 66

Invoicing Accounts Payable B2B Reconciliations 66

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

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

MARCH 25, 2019

A new report has revealed that invoice fraud cost U.K. Invoice fraud happens when criminals pose as a regular supplier and make a request for their bank account information to be changed, usually via email. Businesses are then tricked into sending money to a fraudulent account. businesses £93 million ($122.8M

Invoicing 59

Invoicing Economics Finance Accounting 59

PYMNTS

OCTOBER 5, 2016

Today, accounts payable firm MineralTree announced a collaboration with Visa with a goal of helping corporates pay their suppliers by virtual card. Proponents of push payments highlight their ability to automatically reconcile payments, because the amount charged on the card is always equal to the amount stated on the invoice.

Accounts Payable 73

Accounts Payable Accounting B2B Invoicing 73

PYMNTS

NOVEMBER 5, 2020

Transacting with vendors through paper checks and receiving paper invoices have become more difficult due to postal service disruptions, companies’ shifts to working out of office and financial strains, however. This could create demand for solutions that easily link into businesses’ accounts and enterprise resource planning (ERP) systems.

Invoicing 64

Invoicing B2B Construction Accounts Payable 64

PYMNTS

OCTOBER 15, 2020

British banking platform Tide announced that it has teamed with GoCardless to roll out a service that will let members accept invoice payments through Direct Debit. This is more important than ever in today's economic climate, and our partnership with Tide will help make this a reality for many more small businesses.”.

Invoicing 56

Invoicing Economics Accounting Banking 56

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. Organizations can ensure economic stability and confidently adapt to changes by spotting risks early and applying appropriate countermeasures.

Leadership 52

Leadership Budgeting Profit and Loss CFO 52

PYMNTS

JANUARY 16, 2019

based challenger bank, is expanding its existing partnership with digital payments company PrePay Solutions (PPS) to add corporate accounting and invoicing to its platform. The economics of banking don’t lend themselves well to the bottom 90 percent of the small business market,” he said. Coconut , a U.K.-based

Invoicing 51

Invoicing Foreign Exchange Accounting Banking 51

PYMNTS

DECEMBER 7, 2020

This week's B2B Digest looks at how corporate finance scams come in all shapes and sizes, from employee expense fraud to invoice falsification. It could really damage the economics of a city," said co-author Eric Holzman, assistant professor of accounting at Ohio State.

Invoicing 91

Invoicing Construction Corporate Finance B2B 91

PYMNTS

SEPTEMBER 15, 2020

Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card. Against that backdrop, Oyster offers freelancers and small- to medium-sized businesses ( SMBs ) debit accounts. Fixing — And Verifying Business Ownership.

Banking 103

Banking Invoicing Accounting Leverage 103

Future CFO

JANUARY 26, 2024

Systems powered by artificial intelligence are without a doubt revolutionising invoice processing in finance departments. There are nine ways AI-powered systems can transform invoice processing in Accounts Payable (AP) departments. AI ensures that every piece of data is accurately captured, leading to improved data integrity.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Accounting Invoicing 52

CFO Talks

MARCH 4, 2025

The world throws curveballs economic downturns, rising costs, and sudden shifts in customer demand. Process Automation Using tech to handle invoices, payroll, and reports can save money and reduce errors. Quick Tip: Work with an accountant or financial advisor to stay informed about new tax incentives or regulations.

Budgeting 52

Budgeting Forecasting Invoicing Sales 52

PYMNTS

MAY 12, 2020

Paying out invoices to contractors or freelancers can be extremely time consuming for businesses that rely on manual processes. Firms must not only confirm that charges are legitimate and that invoiced work was delivered, but also process them and send out payments. The Late Invoice Ripple Effect. took home fell by 2.9

Invoicing 52

Invoicing Accounts Payable Securities Accounting 52

Global Finance

OCTOBER 31, 2024

million in pretax profits in 2023, and a presence in 20 markets on the continent and four global centers—empowering SMEs means fueling Africa’s economic development. SMEs account for 16% of the bank’s business, or approximately $1.5 SME business now accounts for 12% of BTG Pactual’s total portfolio.

Banking 52

Banking Finance Construction Foreign Exchange 52

Future CFO

JANUARY 22, 2024

The accounting industry is undergoing profound transformation due to rapid technological advancements across all sectors in the market. Changes from manual record-keeping to sophisticated software solutions has undeniably shifted the accounting landscape, bringing in an era of heightened efficiency and accuracy.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

PYMNTS

JUNE 23, 2020

Large companies may receive thousands of monthly invoices that must be processed quickly and economically, and firms of all sizes need to track payment obligations and issue funds. The accounts payable (AP) automation market is expected to grow from $1.6 The accounts payable (AP) automation market is expected to grow from $1.6

Accounts Payable 85

Accounts Payable Invoicing Treasury SAP 85

PYMNTS

SEPTEMBER 18, 2020

But getting funds settled more quickly into their accounts can make all the difference in giving them the cash cushions they need to expand, weather economic shocks and even get their suppliers paid in a timely manner. The settlement wait can be several days in length, with even longer lag times over a holiday weekend.

Sales 141

Sales Prioritization eCommerce Invoicing 141

PYMNTS

DECEMBER 2, 2020

Mark Aquilina , senior vice president of product and strategy at WEX , told PYMNTS that’s partly because digitization of accounts receivable (AR) lags behind that of accounts payable (AP) on the technological front. Another factor — there hasn’t been a real diversity of economic models across open-loop networks, Aquilina said.

B2B 79

B2B Invoicing Accounts Payable Reconciliations 79

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. Digital invoicing has become popular throughout the pandemic, with WEX Inc. Bank, according to the release.

Accounts Payable 80

Accounts Payable Banking Invoicing Treasury 80

Global Finance

FEBRUARY 4, 2025

By providing immediate cash flow, SCF helps suppliers avoid the pitfalls of traditional loans that can be challenging to secure during economic downturns. billion by 2033 as economic and geopolitical pressures reshape how businesses approach working capital and financing. billion in 2024 and is expected to reach $15.2

Finance 52

Finance Invoicing Banking Manufacturing 52

Navigator SAP

FEBRUARY 17, 2022

How do you keep employees engaged and business thriving in an economic landscape marred by the ongoing effects of the COVID-19 pandemic on society at large? 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?

SAP 130

SAP Invoicing Compliance Manufacturing 130

PYMNTS

AUGUST 22, 2017

21) reports said New Zealand SMBs are struggling with tightened cash flow as they wait for outstanding invoices to be paid, and it’s causing residual effects on small business owners. Seventy-one percent of small businesses told Xero that they struggle with late invoices. On Monday, (Aug.

Invoicing 43

Invoicing Economics Accounting B2B 43

PYMNTS

MAY 6, 2016

Hong Kong is looking to curb the illegal outflow of capital from China, the apparent result of fake trade invoices, reports said on Thursday (May 5). According to those sources, billions of dollars have been funneled through Hong Kong from China following economic slowdowns.

Invoicing 40

Invoicing Economics Finance Banking 40

Future CFO

MARCH 27, 2023

As businesses usher in a new year, the uncertain economic climate has dampened some of the enthusiasm that spurred the first months of the post-pandemic recovery. To curb rogue spending, businesses need to rethink how the accounts payable (AP) process can be improved.

Accounts Payable 52

Accounts Payable Accounting Invoicing Compliance 52

Boston Startup CFO

APRIL 3, 2023

Financial accounting: A topic that can easily disorient even the most driven entrepreneurs. Fortunately, we present you with a compass – a diagram that demystifies the functions of financial accounting. In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions.

Accounting 52

Accounting Accounting Principles GAAP Startups 52

PYMNTS

FEBRUARY 22, 2017

There is some concern that widespread financial regulations like Basel III may lead economies to lose sight of FinTech innovation and overall economic growth. ” Key to grasping that opportunity, Cashfac declared, are virtual bank accounts and their use of innovative banking technology to help companies digitally manage their cash.

Accounting 54

Accounting Banking Cash Management Compliance 54

Future CFO

MARCH 11, 2025

The role of the Chief Financial Officer (CFO) has undoubtedly moved outside the traditional accounting function and into a strategic leadership position. This evolution is particularly pronounced in Asia, driven by factors such as rapid economic growth, increasing regulatory complexity, and the accelerating pace of technological change.

Finance 52

Finance Compliance Performance Measuring CFO 52

PYMNTS

JANUARY 26, 2021

He said increased sharing of account information through third-party apps supports consumers’ desires, but it is not without its risks. That “something” has a lot to do with account tokenization, which has a lot going for it as an anti-fraud tool. As far as safety is concerned, Waterhouse focused on third-party apps. The EIP Rollout.

Treasury 109

Treasury Accounting Economics Invoicing 109

PYMNTS

OCTOBER 15, 2018

Suppliers, of course, want to collect on receivables outstanding, getting cash into accounts for goods and services provided. Across it all lies the friction of accounts payable (AP) and payment management workflow, rendered inefficient by paper-based processes. It can take weeks for a paper check to clear.”.

B2B 75

B2B Invoicing Accounts Payable Compliance 75

PYMNTS

JANUARY 18, 2018

Imagine walking into Starbucks, getting the coffee, and telling the barista, “Thanks for the coffee … send me an invoice, and I’ll pay you in three months.”. It is not economically rational for a large organization to pay late,” he said. Previse, he said, looks at “every invoice” the moment it comes into the system.

Invoicing 40

Invoicing B2B Numbers Economics 40

PYMNTS

DECEMBER 29, 2020

With the pandemic forcing accounts payable (AP) and accounts receivable (AR) departments to hit the gas on their digitization roadmaps, finance leaders are grappling with an accelerated pace of change that can, at times, be overwhelming. Unfortunately, this risk has only elevated as professionals work from home.

B2B 82

B2B Accounts Payable Invoicing Reconciliations 82

PYMNTS

NOVEMBER 9, 2020

Approximately half of construction firms polled in one survey noted that they received payments within a 30-day period after sending their invoices, for example, and 15 percent stated it was routine to wait 60 days or more before finally receiving payments. Late or lagging payment processes can expand costs. Pandemic-Driven Payment Problems.

Construction 91

Construction Accounts Payable B2B Invoicing 91

PYMNTS

MAY 8, 2020

The United States government has attempted to offer relief through its federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, which opens unemployment benefits to self-employed individuals. Deep Dive: Using Automation To Solve Slow Invoices. Around The Gig Economy Payments World. About The Tracker.

Invoicing 81

Invoicing Finance Economics Securities 81