Cube Software

JANUARY 7, 2023

Double-checking the books is second nature for any accountant. But what happens when you find discrepancies between accounts? That's where account reconciliation comes in. And for you triple-checkers and quadruple-checkers: we see you.). Or an error in a financial statement? And we'll tell you all about it in this guide.

Reconciliations 52

Reconciliations Accounting 52

PYMNTS

NOVEMBER 20, 2019

Citi noted traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collection and reconciliation. The platform integrates cross-border billing, payment acceptance and reconciliation into a single solution. “In

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

Bramasol

AUGUST 31, 2023

Over the past eight years, many episodes in this blog series have focused on revenue recognition and how SAP solutions such as Revenue Accounting and Reporting (RAR) have provided a robust foundation for compliance with ASC 606 and IFRS 15.

SAP 83

SAP Accounting Reconciliations General Ledger 83

Bramasol

JANUARY 9, 2023

Since the release of new lease accounting standards ASC 842 and IFRS 16 in 2018, companies have taken a variety of approaches to comply, but many are now aiming to optimize their lease accounting processes for efficiency and long-term manageability. Register Now!

SAP 85

SAP Accounting IFRS Reconciliations 85

Simply Treasury

AUGUST 3, 2022

Automated bank connectivity through a single secure channel has become essential to reduce costs, facilitate on-boarding by banks, secure transactions, speed up and automate reconciliations and reduce staff workload. Once approved, the payment can be initiated by the person in charge of the treasury or accounting. PROJECT OBJECTIVES.

Banking 147

Banking Reconciliations Treasury Securities 147

PYMNTS

MARCH 3, 2020

It’s not difficult for a supplier to tell when accounts receivable (AR) processes are not optimized. Many sellers have a broken internal process to increase a credit line , so they set that limit as high as possible, so they don’t have to revisit the account later.”. The Outsourcing Decision.

Accounting 74

Accounting Invoicing Reconciliations B2B 74

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. The problems are analog. But digital-era help is on the way. By leveraging this kind of intelligence, staff can be optimized,” Shields said of AI and other technologies.

Accounting 94

Accounting Invoicing B2B Treasury 94

PYMNTS

JANUARY 26, 2021

marked its third anniversary of adopting its open banking framework, making it the leading market to drive the concept of unlocking customers’ bank account data for integration with third-party solution providers. Last week, the U.K. where there is no open banking regulatory mandate. HashCash Brings Blockchain Tech To Unnamed Bank.

Banking 142

Banking Reconciliations Financial Data B2B 142

Cube Software

DECEMBER 30, 2022

From data collection to reporting to financial management, FP&A and accounting teams have a lot of responsibilities.

Reconciliations 52

Reconciliations Accounting 52

PYMNTS

AUGUST 16, 2020

the newest update to its software, to help companies with faster account reconciliation, artificial intelligence, systems integration and more, a press release says. Trintech , which works in integrated Record to Report software, is releasing Cadency 9.0,

Accounting 67

Accounting Reconciliations Auditing Financial Reporting 67

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.".

B2B 114

B2B Reconciliations Accounts Payable Invoicing 114

PYMNTS

FEBRUARY 26, 2020

That means emerging services are multitasking, easing friction for both accounts payable and accounts receivable. Below, PYMNTS explores the latest initiatives and finds that innovators are looking at the accounts receivable side to tackle accounts payable friction. Tipalti Reallocates The Workload.

Accounts Payable 72

Accounts Payable Accounting Invoicing General Ledger 72

Embark With Us

JANUARY 19, 2022

So give us a few minutes as we explain how Alteryx is the next evolutionary step from Microsoft Excel and, most importantly, how it can reinvent your accounting function into a streamlined, nimble, and value-adding powerhouse for your entire enterprise. Reconciliations shouldn't induce night sweats. What Is Alteryx? Data cleansing.

Accounting 98

Accounting Finance Data Analysis General Ledger 98

The Charity CFO

MARCH 6, 2024

The conversation today has a very simple focus, 5 red flags that your nonprofit accounting needs improvement, even when it may not be recognized. Red Flag #1: Bank Account Reconciliation Whether the business is accrual or cash basis, it does not matter. Consider it like an internal audit and a necessity. Get the free guide!

Nonprofit 59

Nonprofit Accounting Reconciliations Invoicing 59

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

OCTOBER 5, 2020

“The shift I have seen there,” she told PYMNTS of healthcare firms, “that was most effective is providers [the vendors] had their way of going through the process either from an [accounts payable] or [accounts receivable] perspective.”. Comdata, she said, has mimicked the flow from claims to invoice to payment to reconciliation.

B2B 130

B2B Healthcare Reconciliations Accounts Payable 130

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

FISPAN

AUGUST 5, 2022

FISPAN delivers a seamless commercial banking experience, allowing you to directly manage your payables, view all bank account and transaction details, eliminate manual uploads, automate your reconciliation, and more, all from within NetSuite. Bring the bank to your Oracle NetSuite environment with FISPAN’s bank-branded embedded app.

Banking 97

Banking Reconciliations Accounting 97

Bramasol

JUNE 25, 2024

However, amidst the ever-expanding role of the Office of the CFO, accounting still is a major responsibility and this arena also is radically changing with the availability of new tools, technologies and challenges. These capabilities address key operational accounting issues as companies transform their business offerings.

Compliance 56

Compliance Financial Planning and Analysis (FP&A) Accounting SAP 56

PYMNTS

MAY 1, 2020

“They accept cryptocurrency, facilitate the exchange, charge a professing fee then transfer funds into a bank account in one or two days. Accounts receivable (AR) departments are gradually opening up to digital currency acceptance, but as Roche emphasized, it’s not a transition that will happen all at once.

Currencies 68

Currencies Accounting B2B Reconciliations 68

The Charity CFO

OCTOBER 9, 2024

One of the most sought-after tools is a platform or software to integrate your fundraising and accounting data seamlessly. This makes it challenging to create technology that tracks data for fundraising purposes while still following accounting principles. So why does it seem so hard to find this unicorn platform?

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

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

CFO Simplified

NOVEMBER 21, 2022

So why not set up a petty cash account with a small amount of money that can be used for things like running to the hardware store or office supply store? The important thing is to keep track of all the expenses associated with the account. – and that all expenses are accounted for. Cash going into the petty cash account.

General Ledger 98

General Ledger Reconciliations CFO Accounting 98

PYMNTS

FEBRUARY 1, 2021

Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. Reconciliation Challenges. Call For Integrations.

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

Future CFO

SEPTEMBER 13, 2023

BlackLine said it has announced the first AI-enabled intercompany accounting capabilities. Failures result in billing, invoicing, reconciliation, and settlement delays while adding time, inefficiency, and frustration to an organisation’s intercompany operations, BlackLine note.

Accounting 52

Accounting Reconciliations Invoicing Currencies 52

PYMNTS

MAY 27, 2020

This week’s look at the latest in payments rails innovation finds players including Mastercard, Aflex and Paycor targeting existing card and ACH rails to expand their use for corporates, with a focus on reconciliation, data capture and transparency. Adflex Eyes Card Rails For B2B. Paycor Certified By NACHA.

Reconciliations 92

Reconciliations B2B Compliance Risk Management 92

FISPAN

JANUARY 12, 2022

Data feeds eliminate a significant portion of users' frustration with their experience when accessing information reporting and conducting reconciliations for bank clients. Data Quality To support an up-to-date, high-quality user experience, FISPAN goes beyond data aggregation and data passthrough.

Reconciliations 96

Reconciliations Banking Securities Leverage 96

The Charity CFO

APRIL 29, 2022

A financial statement audit is a thorough review of your financial statements to determine if your financial statements present fairly, in all material respects, in accordance with generally accepted accounting principles. Permanent accounts, or Real Accounts, are accounts that maintain ongoing balances over time.

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

Future CFO

AUGUST 1, 2023

According to IDC's 2023 Future SMB and Midmarket Survey , 50% of surveyed respondents (driven by SMBs) in Asia/Pacific state that they will automate their financial and accounting processes through cloud applications in the next 18 months. "As

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

Future CFO

APRIL 6, 2022

Accounts Payable is responsible for so much more than just paying incoming bills and invoices, particularly given today's global challenges. The post Use accounts payables automation to keep your processes in the ‘safe zone’ appeared first on FutureCFO. DOWNLOAD NOW.

Accounts Payable 52

Accounts Payable Accounting Reconciliations Invoicing 52

Future CFO

OCTOBER 2, 2024

As the landscape of artificial intelligence adoption in accounting evolves, it is noted that there is no single approach being taken. According to the Association of Chartered Certified Accountants , as organisations are at various stages of AI integration, there is no single application that the majority of sectors are pursuing.

Accounting 52

Accounting Data Analysis Accounts Payable Auditing 52

PYMNTS

DECEMBER 30, 2020

The shift toward contextual banking has a tailwind in place as the financial institutions (FIs) that have been market leaders have been seeing strong deposit growth — and as corporate customers are growing those balances, they want to be able to see their account activity and cash balances visible within the same application on demand.

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

The Charity CFO

JANUARY 19, 2023

Accounting standards for nonprofits are probably not the first thing you think about, but are crucial for your organization to succeed. Because of their unique structure and operational model, nonprofits must comply with various accounting standards that are, in many ways, different from for-profit organizations.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

Future CFO

JUNE 24, 2024

Yes, in the sense that there are a lot of analyses that can now be handled by Gen AI and No, because it transforms accountants from number crunchers to strategic advisors. The Pitfalls of Gen AI There are always ethical implications with Gen AI as there should always be fairness, transparency and accountability in place.

Auditing 111

Auditing Financial Analysis Forecasting Reconciliations 111

PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. Again, noted Fordyce, this can take many forms — from automating invoice reconciliation to addressing a user’s resource constraints.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

CFO Share

MAY 22, 2024

This guide will provide you with financial reporting help and actionable steps to get accounting back in order and working for you. Check out our blog for other accounting tips that help you avoid losses and missed opportunities. Like compound interest on a loan, accounting errors grow and become more complex over time.

Profit and Loss 105

Profit and Loss General Ledger Accounting Financial Reporting 105