Accounts payable: Why CFOs should pay attention
CFO Dive
APRIL 18, 2022
Over one-third of your invoices have errors, and costs to process these may be up to ten times greater than a "clean" invoice.
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CFO Dive
APRIL 18, 2022
Over one-third of your invoices have errors, and costs to process these may be up to ten times greater than a "clean" invoice.
CFO Dive
JANUARY 18, 2023
Unpaid invoices take a nasty bite out of cash flow. Dean Kaplan writes that taking time early on to evaluate receivables and stratify accounts for fast attention will pay off.
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Navigator SAP
MARCH 18, 2024
In this video demonstration, we'll show you the difference between the traditional, manual way of processing invoices in SAP and the power of automating this process using SAP Business Technology Platform (BTP). Get ready to see how SAP AP Automation can transform your Accounts Payable department, boosting efficiency and accuracy!
Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape
Outsourcing Vs. In-House: The Ultimate Battle For Better Collections
Maximizing Profit and Productivity: The New Era of AI-Powered Accounting
The Silent Crisis: Why Finance Lags in Digital Transformation and How to Accelerate AI Adoption
The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience
CFO Dive
MAY 26, 2023
Leveraging intelligent automation to process invoices can help, Steven Cronin writes. CFOs are under growing pressure to drive efficiencies at zero cost.
Speaker: Danny Gassaway and Wayne Richards
Join Wayne Richards and Danny Gassaway for a practical guide on bringing accounts payable (AP) automation to your organization. 💡 Streamline the Purchase-to-Pay Process: Learn how automation simplifies approvals, invoice management, and payment processing. So, how do you make the case for automation within your organization?
CFO Dive
JULY 26, 2023
Fraud and missing information are some of the culprits behind prompt processing of invoice payments, Versapay CFO Russell Lester said.
The Finance Weekly
DECEMBER 1, 2024
Let’s talk about something every business owner and accountant deals with— account reconciliation. If you’ve ever wondered what account reconciliation is all about or how to do it effectively, this guide has got you covered. What Is Account Reconciliation? Bank Reconciliation This is the most common type.
PYMNTS
DECEMBER 13, 2020
Paymerang , which works in accounts payable (AP) automation, has debuted its new Invoice Automation Solution, which a press release stated will help organizations with efficiency, accuracy, visibility and getting rid of manual paper processes. He added that it also helps companies go paperless via electronic processing and archiving.
Future CFO
FEBRUARY 2, 2025
E-invoicing mandate and ESG compliance add further complexity dimensions to the priorities and challenges faced by the Office of the CFO. E-invoicing mandate and ESG Reporting add further complexity dimensions to the priorities and challenges faced by the Office of the CFO.
CFO Talks
OCTOBER 31, 2024
Late payments or unpaid invoices can seriously impact cash flow, making it harder to cover essential expenses like paying employees, suppliers, or rent. Regularly Monitor Your Accounts Receivable Keeping an eye on your accounts receivable is essential for catching potential problems early.
PYMNTS
JULY 27, 2020
Although there are countless ways a cybercriminal can swindle funds from a company — either from the outside or within — it’s often the invoice at the center of the crime. This week’s Data Digest looks at the latest in B2B payments fraud and the invoice’s role in supplier payment redirect scams, credential theft and more.
PYMNTS
JANUARY 25, 2021
To help customers handle their accounts receivable (AR) while conserving time and financial resources, pre-accounting technology company Expensify unveiled a bolstered invoicing feature. Unlike accounting, pre-accounting is less defined in terms of who is responsible, so it often falls victim to a tragedy of the commons.
PYMNTS
MARCH 10, 2020
Joust, a banking app in Austin, has announced it will pay users on their unpaid SXSW invoices to help them deal with the cancellation of the huge yearly festival, according to a release. ” Joust will use its invoice factoring tool, PayArmour, to fund the invoices.
PYMNTS
MAY 14, 2020
American Express is teaming up with Invoiced to help customers with an exclusive offer for 40 percent off an Invoiced subscription for the first two years. percent still receive invoice information via paper mail. percent still receive invoice information via paper mail.
https://trustedcfosolutions.com/feed/
MARCH 22, 2023
Are you tired of the countless hours spent managing your accounts payable (AP)? Do you want to streamline your accounting process to save the time and money spent on manual tasks on Quickbooks? With a growing business, it’s easy to outgrow the accounting systems you’ve relied on since the conception of your company.
PYMNTS
OCTOBER 6, 2020
The pandemic has upended supply chains, and upended accounts payable (AP) processes – requiring companies of all sizes and types to move toward digital (and high-tech-powered) means to transform back-office functions. The updates, the company said, will speed invoice processing by 10 times and cut processing costs by 80 percent.
PYMNTS
NOVEMBER 25, 2020
Companies long-used to sending and receiving paper invoices and checks are finding that digital methods can deliver funds and billing information at a far faster clip. This could mean adopting new accounts payable (AP), accounts receivable (AR) and other treasury strategies and technologies, for example.
PYMNTS
NOVEMBER 4, 2020
Even with the digitization of the invoice, fraud remains a rampant problem, and it's not only the buy-side of the B2B equation faced with the consequences. Deepfake technology means criminals can masquerade their own voices to convince unwitting employees to approve an invoice for payment, for instance. It's just inefficient.".
PYMNTS
SEPTEMBER 29, 2020
The pain points that accounts receivable (AR) teams most commonly experience can be boiled down to three underlying and related problems: continued reliance on manual AR management practices, and the resulting lack of speed and high operating costs associated with managing receivables. Reliance on manual processes has far-reaching effects.
PYMNTS
DECEMBER 11, 2020
Manual accounts receivable (AR) processes are a headache for any administrative professional. In the accounting profession, manually having to determine the fiscal value of services provided, and creating physical documents to bill clients, is a significant use of valuable time that could otherwise be spent on driving revenue for the firm.
PYMNTS
JUNE 24, 2020
The accounting world was as caught off-guard and unprepared as most other industries when COVID-19 came to town. One fact has clearly surfaced in the interval between pandemic lockdowns and phased reopenings, and it’s this: accounts payable (AP) can’t cut it manually anymore. Invoice processing is expensive on paper.
CFO Talks
OCTOBER 23, 2024
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CFO Simplified
JULY 24, 2022
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PYMNTS
AUGUST 9, 2020
Due to the SAP Ariba Network, suppliers have access to better visibility for invoices and orders, with the ability to self-manage account information, submit invoices electronically and receive new purchase orders. Strides have been made lately toward eliminating late invoice payments, PYMNTS reported.
Bramasol
MAY 23, 2024
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PYMNTS
JANUARY 13, 2021
The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. Shields noted that accurately predicting anticipated invoice payment dates can have ripple effects throughout an organization. “No The problems are analog.
CFO Plans
OCTOBER 29, 2024
This article explores effective strategies for accounts receivable and payable management, offering actionable insights to enhance financial stability and promote growth. Improving Liquidity through Accounts Receivable Efficiency Optimizing accounts receivable efficiency is crucial for improving liquidity.
CFO Simplified
NOVEMBER 12, 2024
They needed an interim Controller to put their accounting team back on track. The accounting manager left three months ago to work for a company with younger people. The accounting manager left three months ago to work for a company with younger people. Their AR and AP accounting staff had been replaced twice in the past year.
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.
CFO Network
SEPTEMBER 23, 2021
Outsourcing business functions like accounting can save you time and money. If you’ve been wanting to learn more about how outsourced accounting can actually save your business money, we’ve put together the ultimate guide. What is Outsourced Accounting? Outsourced accountants offer a fresh set of eyes without bias.
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.
CFO Talks
DECEMBER 3, 2024
Tools like cloud accounting systems, AI-driven financial analysis, and automated reporting not only reduce costs but also improve efficiency and accuracy. For instance, using automated invoicing software could save hours of manual work, enabling your team to focus on higher-value tasks like analysing trends or forecasting.
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. The DOJ accuses the individual of fraudulently invoicing more than $1.5 Department of Justice revealed. million in customs costs.
CFO Thought Leader
OCTOBER 29, 2024
Gronen: Yooz is an AP (accounts payable) automation and payments company. Right now, many companies receive invoices in paper envelopes. They open the envelope, scan the invoice, manually input the data, and attach the invoice to the system. Automation shortens this process to just a minute or two.
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.” .
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.
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. Peasy recently launched in the U.K. Esker Adds Credit Tech To AR Platform.
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.
The Charity CFO
MARCH 13, 2025
Government regulations are tightening, and donors are demanding more accountability. This ensures accountability and makes audits or donor inquiries easier to manage. Pro Tip: Leverage expense approval tools to ensure all vendor invoices and credit card transactions are reviewed and approved at the appropriate levels.
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.
CFO Thought Leader
JANUARY 29, 2025
Collis career began in accounting, where he spent seven years honing technical expertise in public accounting. The first is our accounts payable automation solution. Many AP solutions require users to leave their ERP environment, process invoices externally, and then sync the data back via API. We offer two core products.
PYMNTS
DECEMBER 15, 2020
Buyers, too, are eager for change and need to adopt accounts payable (AP) methods that are easily managed by employees working from home. The push toward modernization does not stop at fund transfers, either, and companies are adopting digital supports to help them more smoothly and rapidly process invoices. About The Report.
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. You have invoice aggregation, multiple account numbers with vendors, short payments, disputes and credit memos.".
Bramasol
NOVEMBER 11, 2024
For example, SAP's Order-to-Cash portfolio, formerly known as BRIM , offers a suite of applications, including Subscription Order Management, Subscription Billing, Convergent Charging, Convergent Mediation, Convergent Invoicing, and Entitlement Management, along with SAP Revenue Accounting & Reporting (RAR) for revenue compliance.
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