PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

The Charity CFO

OCTOBER 9, 2024

Modern nonprofit leaders are always looking for ways to use technology to make everyday tasks easier. One of the most sought-after tools is a platform or software to integrate your fundraising and accounting data seamlessly. Instead, accounting software prioritizes accuracy, standardization, and regulatory compliance.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

PYMNTS

AUGUST 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. Finance administrators and project managers both benefit from automation of the accounts payable process.

Construction 69

Construction General Ledger (GL) Accounts Payable General Ledger 69

Fpanda Club

MARCH 28, 2021

Recent technological advancements and constant changes in the business environment enable the finance function in general and FP&A teams in particular to adopt new ways of work, new practices, new tools to meet the needs of their internal and external customers.

Forecasting 130

Forecasting Budgeting General Ledger Finance 130

PYMNTS

NOVEMBER 2, 2018

Payroll technology firm ADP is strengthening its integration into Intuit ‘s QuickBooks platform, the company said Thursday (Nov. In another statement, Intuit’s Global Partnership and Platform Lead Kyle Jenke said the deepened integration with ADP aims to provide more time for accountants.

General Ledger 62

General Ledger Accounts Payable Benchmarking Accounting 62

The Finance Weekly

NOVEMBER 3, 2021

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. For both internal and external sources, each balance has to match the corresponding account in the general ledger.

Reconciliations 52

Reconciliations Accounting General Ledger (GL) Finance 52

PYMNTS

FEBRUARY 13, 2019

Data integration between back-office platforms is now an essential component for businesses deciding to adopt a technology. In the accounting space, that means integrations with enterprise resource planning (ERP), accounts receivable, accounts payable, procurement, banking and other portals.

Finance 75

Finance General Ledger Accounts Payable Math 75

PYMNTS

JANUARY 26, 2018

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. In this case study, we’ll explore real stories of nonprofits who have transformed their organizations by using technology to streamline their financial infrastructure. What is the actual goal in a nonprofit accounting setup? Let’s meet these organizations.

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

Creative CFP

OCTOBER 2, 2020

A couple of years into my career as a chartered accountant I started to wonder if I was still enjoying working in the finance industry. I was so consumed with day-to-day accounting tasks that I did not have time to monitor the financial health of businesses I was taking care of, or to provide valuable feedback to business owners.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 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

The CFO College

JUNE 3, 2021

Increase Your Value and Boost Your Services with Two CFO-Level Accounting Tools. As technology develops at breakneck speeds, some companies are under the impression that bookkeepers are no longer relevant, or that they are no longer able to provide valuable services. Done right, this will add big value to your clients!

Accounting 52

Accounting CFO Auditing General Ledger 52

Centage

JANUARY 18, 2022

Users can define the formulas and flow as they please, which means they can inadvertently violate your business logic and/or established accounting standards. A modern FP&A solution with pre-programmed business logic and accounting rules prevents users from making such mistakes.

Budgeting 111

Budgeting Forecasting Financial Planning and Analysis (FP&A) General Ledger 111

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

The cloud accounting solution, Sage Intacct , is an excellent resource to keep your financials on track by creating an efficient month-end close without the headache or hassle of sorting through documents and tracking mistakes. Customize Your Chart of Accounts With Dimensions. Implement Automated Workflows.

General Ledger 62

General Ledger Reconciliations Accounting Standards Leverage 62

PYMNTS

FEBRUARY 25, 2020

New technology solutions are stepping onto the market to help automate accounts receivable, accounts payable and the act of supplier payments, as well as other processes surrounding these fields, like trade finance, cash flow management and accounting. There’s nothing more valuable than remittance data.

B2B 69

B2B Accounts Payable General Ledger Reconciliations 69

PYMNTS

DECEMBER 9, 2020

This has accelerated the need for spend management solutions and payment tools that enable businesses to review and approve transactions in real time, Caleb Jenkins , leader of client accounting services for tax and accounting firm RLJ Financial , said in a PYMNTS interview. so having a system or tool that makes it very simple to.

General Ledger 62

General Ledger Budgeting B2B Accounting 62

CFO Talks

JUNE 23, 2022

Automation software is increasingly doing basic accounting, so financial teams need to do more. An effective financial team should be able to build frameworks to create “data lakes” for general ledger information, inventory, HR information, sales data and external information. Here’s how you can build one.

Finance 52

Finance General Ledger CFO Accounting 52

PYMNTS

MARCH 10, 2020

But this category of software has, in recent years, evolved within silos as technology providers tackle particular spend scenarios like accounts payable (AP) and employee expenses. Historically, said Airbase CEO Thejo Kote, finance and accounting teams have been forced to work around the friction of a fragmented spend ecosystem.

Accounts Payable 58

Accounts Payable General Ledger Budgeting Reconciliations 58

Bramasol

NOVEMBER 13, 2023

As an early co-innovator with SAP, the Bramasol team helped with the launch and ramp-up of SAP Revenue Accounting and Reporting (RAR) as the first comprehensive solution for implementing the new standards. For more on alternative approaches, read the next section.)

SAP 72

SAP General Ledger IFRS Compliance 72

Bramasol

JULY 26, 2024

As the SAP partner with the most revenue recognition implementations and deepest involvement in the ongoing refinement of solutions such as SAP Revenue Accounting and Reporting (RAR) and Automated Revenue Management solutions, Bramasol can help you navigate the most complex RevRec scenarios.

SAP 78

SAP IFRS GAAP Compliance 78

Centage

OCTOBER 3, 2022

These can become apparent as your business grows and your accounting needs get more involved. Risk of Errors Accounting errors are one of the most significant challenges businesses face when relying on Excel spreadsheets for financial forecasting and budgeting. Excel users may have noticed some shortcomings of this software.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

Future CFO

SEPTEMBER 26, 2022

Finance has also invested heavily in technology to reduce time to close, with three technologies deployed by more than half of functions already: general ledger technology, a financial close solution, or workflow automation, Gartner said. 86% said they wanted a faster, real time close.

Finance 52

Finance General Ledger Reconciliations Auditing 52

PYMNTS

MARCH 19, 2020

The financial account software market is on pace to reach $19 billion in sales over the next five years, and such growth is necessary to match businesses’ fast-paced needs. Such technology can also help companies keep up with competitors by eliminating frictions throughout the AP process involving onboarding vendors and tracking payments. “We

Accounts Payable 52

Accounts Payable General Ledger Accounting Technology 52

The Finance Weekly

MAY 20, 2024

Bank reconciliation is a process companies use to ensure that their recorded cash balances align with the actual cash held in their bank accounts. Nevertheless, banks still manage most business accounts, and the same reconciliation procedures can be applied to these other cash positions.

Reconciliations 52

Reconciliations Banking General Ledger Accounting 52

CFO Simplified

APRIL 15, 2022

Even though the machines are readily available, this is still bleeding edge technology for most companies. Financial Reporting and Accounting. The general ledger layout is generic in nature. Some account allocations are miscoded, leaving zero balance accounts negative. Recommendations. Recommendation.

Manufacturing 52

Manufacturing General Ledger Budgeting CFO 52

https://trustedcfosolutions.com/feed/

JUNE 15, 2021

Technology has entered a new frontier, moving from the Age of Information to the Age of Answers. Intelligent General Ledger. ” – Kristen Jones, Accounting Supervisor. AI, ML, BI – Who cares? The world is changing. And that’s not all. ” – Leanne Malsbury, Associate Director of Finance.

General Ledger 57

General Ledger CFO Financial Data Budgeting 57

The Finance Weekly

MARCH 1, 2022

“Leaders in FP&A are the ones who are focusing on the windshield view and anticipating trends and issues across their business,” says , Tom Hood , CPA, CITP, CGMA, EVP Business Engagement & Growth, AICPA (Association of International Certified Professional Accountants).

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Forecasting Budgeting 52

Spreadym

JULY 10, 2023

The financial close process, also known as the accounting close process or month-end close, is a series of steps undertaken by an organization to finalize its financial records for a specific accounting period. Deferrals, on the other hand, involve postponing the recognition of revenues or expenses to future accounting periods.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

BlueLight

JULY 16, 2020

In these conversations, I observed each finance leader had a different perspective and approach with their financial accounting partner. I caught up with Sandeep Shroff, Co-Founder and CEO of myStartUpCFO , an accounting firm that provides on-demand full-stack CFO services for startups. How do software tools fit into your operation?

Startups 52

Startups CFO Reconciliations General Ledger 52

PYMNTS

NOVEMBER 6, 2019

If a small business buys office suppliers from a vendor once a month, it can be relatively straightforward for the accounts payable (AP) department receiving that supplier invoice to notice if their company has been overcharged. Expanding Use-Cases. Hill highlighted an array of benefits this can offer businesses and their AP teams.

Invoicing 40

Invoicing Accounts Payable General Ledger Forecasting 40

Planful

FEBRUARY 16, 2017

That being said, they’re not an appropriate solution for enterprise accounting or financial reporting. These systems are designed to automatically load data from multiple general ledgers (GL) and other sources – both on-premises and in the cloud. Cloud-based technology has transformed the year-end close process.

Numbers 40

Numbers General Ledger (GL) General Ledger Financial Reporting 40

Centage

OCTOBER 3, 2022

These can become apparent as your business grows and your accounting needs get more involved. Accounting errors are one of the most significant challenges businesses face when relying on Excel spreadsheets for financial forecasting and budgeting. After this step, the accounting team rolled everything into a single budget.

Forecasting 52

Forecasting Budgeting Data Analysis Financial Modeling 52

Centage

JANUARY 9, 2024

Users can define the formulas and flow as they please, which means they can inadvertently violate your business logic and/or established accounting standards. FP&A software with pre-programmed business logic and accounting rules prevents users from making such mistakes.

Forecasting 40

Forecasting Budgeting General Ledger Planning 40

CFO Talks

FEBRUARY 20, 2024

Farhaan discusses the critical aspects of his role, emphasising the shift from traditional accounting to strategic and operational involvement across business sectors. Farhan holds a BCom and a number of postgraduate diplomas in accounting from the University of Johannesburg. Farhaan: We speak of CFOs as traditional accountants.

Leadership 52

Leadership CFO Accounting Finance 52

PYMNTS

JANUARY 22, 2019

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. Hospitals can often struggle to manually reconcile cash flow coming from multiple sources.

Cash Management 73

Cash Management General Ledger Reconciliations Healthcare 73

Onplan

NOVEMBER 30, 2022

Our guide to the best FP&A tools compares each vendor based on five criteria: Adoption — How easy it is for users to adopt the technology and learn and leverage its full extent of features and capabilities. When it comes to reliability, OnPlan is built on the latest cloud-scale database technologies.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52