PYMNTS

AUGUST 8, 2019

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. Data is key to addressing those pain points like identifying instances of fraud or promoting automated reconciliation.

Accounts Payable 57

Accounts Payable Accounting B2B Reconciliations 57

PYMNTS

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. Oracle Bets On Education-Centric Integration Strategy In Cloud Computing Race. Across The Next-Generation AP Automation Space. Growth encouraged the media company to switch to automated processes. About The Tracker.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

CFO Plans

AUGUST 2, 2024

In today’s rapidly evolving business landscape, the integration of technology into accounting practices has shifted from a luxury to a necessity. With the demands of modern businesses continuously growing, leveraging technology to streamline accounting processes is crucial for maintaining accuracy, efficiency, and competitiveness.

Technology 52

Technology Accounting CFO Tax Planning 52

The Charity CFO

JULY 19, 2024

When most people think of an organization’s financial department, they think of accountants. Bookkeepers, accountants, and Chief Financial Officers (CFOs) all serve critical roles in managing an organization’s finances. What is an Accountant? Accountants run reports to help determine if the bookkeeping is done correctly.

CFO 52

CFO Accounting Nonprofit General Ledger 52

Bramasol

MAY 13, 2024

Overview of the PCAOB and AICPA The Public Company Accounting Oversight Board (PCAOB) is a regulatory body established by the Sarbanes-Oxley Act of 2002 in response to corporate accounting scandals like Enron and WorldCom.

Auditing 84

Auditing Compliance SAP Accounting Standards 84

Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Here's how it works: Multiple Currency Support: In a multi-currency account, you can hold balances in different currencies simultaneously.

Currencies 52

Currencies Accounting Risk Management Compliance 52

PYMNTS

AUGUST 5, 2016

There is seemingly no end to the discussion of how automated accounting can improve a business’ performance. The market is on the cusp of a groundswell of adoption of these technologies, says Therese Tucker, CEO of accounting solutions firm BlackLine , after a long lull among mid-market firms.

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

PYMNTS

NOVEMBER 3, 2020

3) that it has completed its multimillion-dollar acquisition of CPS Payment Services , a B2B payments and accounts payable (AP) automation technology provider. CPS will substantially enhance our B2B offerings and will bring us the opportunity to introduce REPAY’s solutions to new verticals, including education, government and media sectors.”.

Accounts Payable 56

Accounts Payable Reconciliations B2B Concentration 56

CFO Talks

OCTOBER 3, 2024

Regular Reconciliations : Perform surprise cash counts and inventory checks and reconcile sales and deposit records frequently. Aggressive Accounting Practices : Look out for unusual accounting entries, round-number transactions, or complex journal entries that lack clear justification. Investigate any discrepancies promptly.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

Planful

SEPTEMBER 1, 2016

In early August, I was asked to speak at the annual meeting of the American Accounting Association (AAA). The AAA has been around for 100 years and is a community of accounting educators. Hip, Cool, and Relevant Accounting Technologies. His main message was that ERPs are no longer the center of the accounting universe.

Technology 40

Technology Accounting Auditing Reconciliations 40

PYMNTS

JANUARY 25, 2019

As they work to achieve this, more companies are ditching paper-based methods and embracing digital solutions that streamline payments and reconciliations. is fragmented, Richardson said, and faster payment systems can remove some of the headaches of managing payments data and reconciliation. as an example.

Reconciliations 67

Reconciliations Banking Education Accounting 67

PYMNTS

SEPTEMBER 21, 2018

Recently, players in the space have launched new solutions designed to help businesses, and even higher education institutions, to more easily manage and reconcile payments. It then enables sellers to have their funds deposited into their bank accounts for a small fee. Lessons In Tuition Payment Reconciliation.

Invoicing 46

Invoicing Education Reconciliations Healthcare 46

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on their core responsibilities. What is the actual goal in a nonprofit accounting setup?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

Future CFO

APRIL 7, 2022

He comments that most accounting graduates have more exposure to Excel than finance-related software solutions through their college education), lethargy to pick up new technologies, and sometimes difficulty in getting approval for finance technology investment. banking fees).

Finance 98

Finance SAP Cash Management Invoicing 98

PYMNTS

OCTOBER 14, 2020

Accounts payable and receivable used to be concrete, separate operations. At the end of the day, he said, every company (regardless of size or focus) should endeavor to know exactly how cash is flowing in and out of accounts, and what liquidity positions are in real time (which, of course, requires real-time data exchanges).

B2B 97

B2B Accounts Payable Reconciliations Economics 97

Strategic Treasurer

MARCH 21, 2022

Data related to bank account management and reconciliation practices is also gathered for a more comprehensive view of how various treasury operations impact security. Bank Account Management, Reconciliation & Compliance Practices. Security Practices Employed (Both Human & Technological).

Treasury 52

Treasury Reconciliations Securities Risk Management 52

Strategic Treasurer

FEBRUARY 22, 2023

Data related to bank account management and reconciliation practices is also gathered for a more comprehensive view of how various treasury operations impact security.

Treasury 52

Treasury Reconciliations Education Securities 52

PYMNTS

FEBRUARY 17, 2020

Flywire’s major interest as it pushes deeper into healthcare, Massaro said, remains nearly identical to what it was when it entered the market as a tiny startup trying to fix higher education and healthcare payments around the world: simplifying the payments and receivable process for the biller so they can match payments to the bills they send out.

Healthcare 91

Healthcare Reconciliations Startups Education 91

PYMNTS

DECEMBER 15, 2017

On a good day, managing the ebb and flow of supply chains, accounts receivable and accounts payable can be challenging; on a bad day, juggling all those spinning plates becomes a nightmare. Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

PYMNTS

JANUARY 30, 2020

Virtual cards can improve accounts payable (AP) processes, benefiting both buyers and suppliers by streamlining day-to-day payments, and providing greater control over cash flows. The cards are also linked to checking or other payment accounts, and expire at designated times. Streamlining The AP Purchasing Process.

B2B 71

B2B Invoicing Accounts Payable Reconciliations 71

Strategic Treasurer

APRIL 3, 2023

The data is compiled annually and used to educate the industry on how the fraud landscape is evolving and how practitioners can better protect themselves and their organizations against attacks. Practitioners from all industries are polled on their experiences.

Treasury 52

Treasury Reconciliations Risk Management Education 52

PYMNTS

APRIL 26, 2019

Although they operate with a greater level of autonomy, charter schools are still expected to be accountable for their expenses and demonstrate transparency. This is especially true in cases where employees whose primary duties are education-focused are making purchases on behalf of their schools. . The Urgent Case for Transparency.

Reconciliations 46

Reconciliations Education Nonprofit Auditing 46

PYMNTS

OCTOBER 2, 2019

It’s incumbent upon FIs to educate their corporate clients on the different faster payment services and products on offer. In the case of an approved claim, for example, an insurance payment can be pushed directly to consumers’ debit cards or bank accounts, removing the cost of printing and mailing checks — and the waiting game.

B2C 81

B2C B2B Accounts Payable Invoicing 81

PYMNTS

NOVEMBER 11, 2019

To help suppliers benefit from different options, FinTechs are educating them on the types of payments that are available to them. The FinTech is also seeing education flow from the buyer to the supplier. But not all suppliers have the same level of education or awareness of ePayments.

Education 43

Education Reconciliations Accounting Marketing 43

PYMNTS

MARCH 8, 2018

for higher education opportunities each year, many parents end up getting an unexpected crash course in cross-border car shopping. In Australia, a hospitality company is putting blockchain solutions to work on payment reconciliation. for higher education opportunities annually — and many need a set of wheels during their stay.

Education 43

Education Accounts Payable Reconciliations B2B 43

PYMNTS

MARCH 23, 2017

Receivable Savvy, an accounts receivable and order-to-cash management firm, wants suppliers to see Same Day ACH as an opportunity to bolster cash flow. The company, which provides education and resources for suppliers, recently released a new eBook to guide vendors on how to take advantage of Same Day ACH technology.

B2B 54

B2B Invoicing Reconciliations Cash Management 54

PYMNTS

APRIL 23, 2019

Too often, however, the reconciliation becomes an afterthought in the spend management process, and can be even more difficult for a company’s accounting department to address if paper receipts get lost. The Latest Workforce Spend Management News. That’s a problem that several players in the space are seeking to resolve.

Reconciliations 40

Reconciliations Nonprofit Education Accounting 40

The Finance Weekly

JANUARY 22, 2024

CFOs need strong finance and accounting skills, along with years of experience, to find ways to enhance the organization's financial well-being. The CFO may work with the finance and accounting team to predict the effects of different operational decisions. Resolve accounting and finance problems.

CFO 52

CFO Education Communication Risk Management 52

CFO Simplified

JANUARY 5, 2024

The difficulty is that often an office manager, or senior member of the accounting team is responsible for maintaining the financial security of the firm with little or no oversight. Client Trust Accounts (IOLTA): Mismanagement of client trust accounts can lead to serious ethical and legal consequences.

Auditing 52

Auditing Reconciliations Compliance Securities 52

CFO Simplified

DECEMBER 26, 2021

It’s easy to grow without noticing that your finance and accounting department is stretched far too thin. From overworked staff accountants to controllers running month-end closes, a poorly structured finance, and accounting department can put strains on your business’ growth. Roles and Responsibilities. Company Size.

Finance 52

Finance General Ledger CFO Auditing 52

PYMNTS

OCTOBER 23, 2018

Regional stats show, as PPRO has noted, that 60 percent of consumers in North America pay for online purchases by traditional payment methods such as Visa or Mastercard, but that choice accounts for less than half of consumers in Western Europe and under a third of consumers in Asia. eCommerce that same year, up from about 11.2 percent today.

eCommerce 65

eCommerce Sales Reconciliations Education 65

PYMNTS

MAY 7, 2018

In a survey of financial institutions facilitating Same-Day ACH for their customers – which collectively account for about 66 percent of ACH origination volumes – NACHA found that exactly zero percent reported an increase in fraud. That doesn’t mean that fraud linked to ACH transactions is nonexistent, however.

Education 47

Education Treasury Reconciliations Banking 47

PYMNTS

DECEMBER 5, 2019

The latest evolution of commercial card technology, however, aims to position cards as a digital tool for accounts payable teams to make supplier payments. Undoubtedly, the biggest hurdle in commercial card adoption in accounts payable is vendors’ reluctance to accept the interchange fee associated with receiving payments.

Accounts Payable 53

Accounts Payable B2B Reconciliations Accounting 53

CFO News Room

NOVEMBER 2, 2022

Though Section 203(c)(1)(D) of the Advisers Act contemplates the possible adoption of a rule that requires the submission of a balance sheet certified by an independent public accountant and “other financial statements,” the SEC has to-date not adopted such a rule. fee deduction authority), it can avoid the annual surprise exam.

Compliance 130

Compliance GAAP Investments Advertising 130

PYMNTS

NOVEMBER 13, 2019

In the drive to manage accounts payable (AP) more efficiently, buyers can not only optimize their own working capital, they can help suppliers, too. With a nod to the partnership model, the Bottomline Technologies VP said FinTechs have helped drive the evolution of accounts payable automation. The Digital Roadmap.

Accounts Payable 46

Accounts Payable Invoicing Reconciliations Accounting 46

PYMNTS

MAY 19, 2016

For the company itself, beyond saving money from printing and issuance of checks (and reissuance if they are lost), there’s the relative ease of reconciliation with cash flow tracking (as cash flows are logged onto the cards and accounted for immediately).

Reconciliations 40

Reconciliations Education Banking Accounting 40

PYMNTS

APRIL 12, 2016

Not only do they add an enhanced level of security and fraud protection to the accounts payable process, they also simplify processes and provide a mechanism for generating new forms of revenue to support the nonprofit mission.”. Speaking of the AP professional, that’s the third benefit: streamlined accounts payable processes.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40