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

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 Securities Technology 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 Finance 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

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

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

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

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

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

OCTOBER 3, 2024

Implement Physical Controls : Use secure access controls for inventory and cash storage areas and install surveillance cameras where high-value items are kept. This type of fraud often aims to meet financial targets or secure financing under false pretenses. This helps reduce opportunities for fraud.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

PYMNTS

JANUARY 13, 2020

PYMNTS’ examination of recent cases finds employees falsifying invoices, doctoring checks and faking out companies to steal money from employers. Ten percent of business email domains are protected from spoofing , according to recent Security Boulevard reports. Reports said the former finance director allegedly stole $1.5

B2B 89

B2B Invoicing Currencies Construction 89

PYMNTS

FEBRUARY 12, 2020

And in that top three, the FBI noted, BEC (sometimes called EAC, or email account compromise) was the absolute leader in generating losses, representing about $1.77 billion (or slightly over half) of all losses tracked in 2019. And while the BEC is not the most common form scam, it is a lucrative one.

Invoicing 101

Invoicing Securities Leadership Accounting 101

https://trustedcfosolutions.com/feed/

MAY 17, 2022

The Controller has a direct role in virtually all financial transactions that flow through the accounting structure, so they must know what risks the company is exposed to and ensure that risk exposure is minimized. With security breaches happening all the time, you should be moving to a more secure solution.

CFO 107

CFO Prioritization Invoicing Finance 107

PYMNTS

NOVEMBER 16, 2020

Securities and Exchange Commission issues a dire fraud warning. Securities and Exchange Commission in October alone as the SEC warns that cyberattacks against corporations are on the rise. 155 percent more cases of invoice and payment fraud hit organizations from Q2 to Q3 , the latest analysis from Abnormal Security has found.

Invoicing 96

Invoicing Securities B2B Manufacturing 96

PYMNTS

NOVEMBER 9, 2020

Johanna Stridsberg , product owner at Payer, said in the release that the digitization of invoices will be another step for Payer to help boost user-friendliness. Invoicing is clearly the preferred method of payment across the globe," Stridsberg said, according to the release.

B2B 95

B2B Invoicing eCommerce Securities 95

PYMNTS

SEPTEMBER 29, 2020

But, as Shoihet said, these firms account for roughly 50 percent of trade volume in the LATAM region. It’s very difficult for a bank to justify [accounts receivable] AR financing that effectively puts capital at risk,” he said. The company is also evaluating secured credit card concepts, too, as an adjacent ancillary offering.

Finance 114

Finance Invoicing Accounting Banking 114

PYMNTS

OCTOBER 5, 2020

“We’ve seen the acceleration [away from manual, paper-based back-office functions] due to employees working from home” and issues tied to security and battling potential fraud, Joiner said. We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner.

Healthcare 130

Healthcare B2B Reconciliations Accounts Payable 130

The Charity CFO

SEPTEMBER 28, 2022

Use A Simple Accounting Software . Instead, use simple accounting software like Quickbooks Online. . Instead, use simple accounting software like Quickbooks Online. . If you taught yourself to do it by hand, learning how to use nonprofit accounting software will be a breeze. Scan Your Receipts and Invoices .

Nonprofit 105

Nonprofit Invoicing Accounting CFO 105