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.

Accounts Payable 52

Accounts Payable CFO Budgeting Invoicing 52

Bramasol

NOVEMBER 11, 2024

Security and Compliance: As companies migrate to the cloud, they can rely on their cloud ERP provider to prioritize data security and regulatory compliance. Leading cloud providers invest heavily in security measures and compliance protocols to protect sensitive information. Efficiencies are the currency of modern capitalism.

SAP 93

SAP Compliance Leverage Invoicing 93

PYMNTS

AUGUST 7, 2020

Unisys has partnered with PayCargo , which works in electronic invoicing and settlements for shipping companies, to deliver a new payments platform for cargo providers that a press release touts as more secure and faster. The platform lets clients have their cargo released the same day.

Securities 102

Securities B2B Auditing Cash Management 102

PYMNTS

FEBRUARY 1, 2021

From commercial card misuse to invoice fraud, internal employees can be the bad actors, too. 40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports.

Invoicing 136

Invoicing Microsoft Office Accounts Payable B2B 136

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.

Accounting 80

Accounting Invoicing Budgeting Forecasting 80

PYMNTS

JANUARY 25, 2019

This week, Barclays and Santander InnoVentures demonstrated traditional banks’ interest in alternative finance when they led a nearly $34 million equity fundraise for invoice financing platform MarketInvoice. In the accounts receivable space, U.S.-based

Invoicing 76

Invoicing B2B Finance SAP 76

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. ” For suppliers, meanwhile, virtual cards offer enhanced security without having to alter card acceptance workflows. .”

Invoicing 66

Invoicing Accounts Payable B2B Reconciliations 66

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 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

PYMNTS

JANUARY 24, 2021

Business software maker Cygnet Infotech has updated its FACE ( Financial Accounting Comprehensive and Easy ) accounting software platform, according to a published report. The new version supports accounting for multiple companies working in multiple currencies, among other aspects, the report stated.

Accounting 71

Accounting Compliance Invoicing Currencies 71

PYMNTS

NOVEMBER 16, 2020

Fast-growing payments automation firm Transcard is rolling out an account-to-account (A2A) solution that it says will boost the speed and efficiency with which buyers and sellers are able to exchange money and data, while reducing risk as well. 16) press release issued by the Chattanooga, Tenn. based company.

Accounting 69

Accounting Invoicing B2B Banking 69

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. MineralTree Pairs For Global AP.

Invoicing 112

Invoicing Accounts Payable B2B Currencies 112

PYMNTS

JANUARY 7, 2021

Payment processing technology developer PayJunction has rolled out a digital invoice function for companies that harness its virtual terminal offering, according to a Thursday (Jan. These workers can make an invoice, input particulars, connect it with a client’s work order or file and electronically send a request for approval and payment.

Invoicing 61

Invoicing Construction Technology Securities 61

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

PYMNTS

OCTOBER 22, 2020

Old-school business-to-business (B2B) transaction methods like sending and waiting on checks and physical invoices are more difficult to stick with now that many offices are closed and financial teams are working from home. Clients are not the only ones causing slow payments. Businesses are also reexamining how they buy from each other.

Invoicing 63

Invoicing B2B Foreign Exchange Accounts Payable 63

PYMNTS

AUGUST 7, 2020

The scenario of frazzled buyers negotiating extended payment terms — in many cases having to choose who gets paid and who doesn’t — has made the whole “invoice to check to envelope to swirling vortex of the unknown” thing absurd. Configurable And Secure For Remote Treasury. Who has the time for this anymore?

Accounting 72

Accounting B2B Accounts Payable Treasury 72

PYMNTS

AUGUST 3, 2020

With accounts payable professionals working remotely, Anderson said he’s heard from some firms whose AP staff have had to physically take check-printing machines to their homes — opening up the door for fraudulent activity. “If you receive an email requesting payment to a different account, it may look genuine. ” $4.13

B2B 131

B2B Invoicing Accounts Payable Accounting 131

PYMNTS

JULY 3, 2020

Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. “Companies are increasingly looking to more efficiently manage the accounts payable process,” he said.

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

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.

Accounts Payable 123

Accounts Payable Cash Flow Forecasting Invoicing Prioritization 123

PYMNTS

NOVEMBER 19, 2020

19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others. Each card payment is then assigned a virtual number tied to a commercial card account. The financial services giant on Thursday (Nov.

Invoicing 124

Invoicing Numbers Banking Securities 124

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

APRIL 28, 2020

The new coronavirus swiftly impacted small- and mid-sized businesses (SMBs) rather harshly, with these entities now struggling to manage remote workers who need to send out paper invoices to suppliers and other business partners attached to checks. Co mpanies like digital invoicing firm Invoiced are responding to SMBs’ COVID-19 struggles.

Invoicing 94

Invoicing B2C B2B Accounts Payable 94

PYMNTS

APRIL 8, 2020

This stands in stark contrast to how the accounts payable (AP) departments at many businesses process payments. To a significant extent, this process remains stuck in the predigital era and is ruled by checks and paper-based invoices, which are often accompanied by weeks-long delays and cash flow problems. Federal Reserve.

Invoicing 89

Invoicing Accounts Payable Auditing Securities 89

Future CFO

MAY 15, 2022

Finance leaders may have noticed one invoicing trend that emerged in the last couple of years – the way invoices arrive at their organisations has quite clearly changed. Now, with remote and hybrid work commonplace, most invoices are delivered through employees’ and the finance team’s email accounts. Implementing PEPPOL.

Invoicing 52

Invoicing Accounts Payable SAP Reconciliations 52

CFO Plans

MARCH 10, 2025

Secure Your Financial Future with Tailored CFO Solutions and explore how strategic approaches can help you navigate these turbulent times and bolster your businesss resilience. Establishing clear payment terms, offering early payment incentives, and utilizing innovative technology to streamline invoicing are crucial measures.

Economics 52

Economics CFO Risk Management Leverage 52

PYMNTS

DECEMBER 6, 2020

Practice management software provider ImagineTime , which works with accounting firms, has partnered with Mango Billing for a "next-generation practice management solution," according to a press release. New solutions include integrating with other back-office programs and open banking.

Accounting 67

Accounting Practice Management Invoicing Accounting Firms 67

PYMNTS

JULY 3, 2020

Corporate accounting software can use open banking to automatically access bank information rather than rely on outdated and insecure practices like screen scraping. Issuing invoices and processing B2B payments can be simplified through open banking.

B2B 111

B2B Banking Invoicing Reconciliations 111

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. PYMNTS breaks down the numbers behind the latest cases below.

Invoicing 91

Invoicing Construction Corporate Finance B2B 91

Global Finance

DECEMBER 9, 2024

So we have a lot of data and want to be able to share it in a very secure and standardized way. We can help clients optimize their accounts and liquidity. We can prefill forms and provide a 360 degree view of their accounts. We can prefill forms and provide a 360 degree view of their accounts.

Treasury 59

Treasury Invoicing Banking Accounting 59

PYMNTS

AUGUST 17, 2020

The Federal Trade Commission recently filed a complaint against Yellowstone Capital, Fundry and their officers, alleging the merchant cash advance companies had been withdrawing funds from small business bank accounts. 300,000 was stolen by an accountant in Australia , according to ABC.net.au

Invoicing 94

Invoicing Accounts Payable Pharmaceutical Healthcare 94

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

JANUARY 18, 2021

With a second Paycheck Protection Program (PPP) on the way, small businesses have yet another chance to secure much-needed financial relief. Yet the new bill fails to address the gaps that allowed for fraudulent activity among some businesses that had secured PPP loans in the first round of stimulus, the publication alleges.

Invoicing 87

Invoicing Accounts Payable B2B Securities 87

PYMNTS

SEPTEMBER 28, 2020

According to the report, business leaders are more concerned about data security than ever before, citing the pandemic as one factor behind the fears. They are very concerned about data security, and they want self-service capabilities so they can customize their systems to fit their routines and work more efficiently.".

Accounts Payable 96

Accounts Payable Invoicing Treasury B2B 96

CFO Share

APRIL 11, 2024

But many fear remote bookkeeping exposes them to security risks – hackers, fraudsters, and embezzlement – especially if the virtual bookkeeping solutions use employees in foreign countries. Bookkeeping security risks are always a valid concern, especially since internal staff perpetrate 57% of small business fraud.

Securities 52

Securities CFO Invoicing Education 52

The Finance Weekly

JANUARY 5, 2025

The integration of finance AI chatbots offers several benefits: Automating Repetitive Financial Tasks One of the best uses of finance AI chatbots is automating tasks like invoice generation, payroll processing, and transaction categorization. These chatbots enhance security and build customer trust by alerting users in real-time.

Finance 52

Finance Budgeting Financial Data Forecasting 52

PYMNTS

MARCH 10, 2020

“In order to provide its customers with even better service, Cegid wanted to give them the opportunity to fully automate their supplier invoicing management processes. The integration with Esker provides all the functions necessary for reliable and efficient processing of supplier invoices,” the release said.

Accounts Payable 69

Accounts Payable Accounting Invoicing Technology 69

CFO Talks

DECEMBER 10, 2024

They discovered payroll fraud when a manager created a fake employee and diverted their paychecks into a personal account. For instance, if the same person approves invoices and processes payments, thats a red flag. Building a culture of accountability starts at the top. Take Dixon Enterprises, a mid-sized manufacturing company.

Invoicing 52

Invoicing Compliance Reconciliations CFO 52