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. The approver receives an email alert and can connect to the secure payment tool. PROJECT OBJECTIVES.

Banking 147

Banking Reconciliations Treasury Securities 147

Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Here's how it works: Multiple Currency Support: In a multi-currency account, you can hold balances in different currencies simultaneously.

Currencies 52

Currencies Accounting Risk Management Compliance 52

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

Centage

SEPTEMBER 6, 2022

While there are many alternatives to spreadsheets, some organizations still consider them an important part of their accounting procedures. The familiarity of spreadsheets and their ease of use mean many employees are happy to keep working with them, even though they may create serious security risks. Lack of Security Features.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on their core responsibilities. What is the actual goal in a nonprofit accounting setup?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

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

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

FISPAN

JANUARY 12, 2022

This lack of control is leading the drive towards a secure solution-based platform that merges data and financial technology. Data feeds eliminate a significant portion of users' frustration with their experience when accessing information reporting and conducting reconciliations for bank clients. The end result?

Reconciliations 96

Reconciliations Banking Securities Leverage 96

Future CFO

JULY 21, 2024

Given the advent of artificial intelligence and machine learning, the accounting profession faces challenges in talent as it continues to navigate its way around digitisation and shifts in the market. AI allows room for improvement like focusing on higher-level tasks and upskilling," he notes.

Finance 104

Finance Accounting Principles Problem Solving Accounting 104

Future CFO

AUGUST 1, 2023

Companies are increasingly seeking secure and compliant solutions to manage their financial data. 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

CFO Share

MAY 22, 2024

These reports are the backbone of evaluating business performance – crucial for making informed decisions, attracting investors, and securing loans. This guide will provide you with financial reporting help and actionable steps to get accounting back in order and working for you. Step 1: Team up with an accounting professional.

Profit and Loss 105

Profit and Loss General Ledger Accounting Financial Reporting 105

PYMNTS

JULY 3, 2019

Cost containment solution provider Palmarius Advisors is rolling out an accounts payable (AP) automation solution designed to generate revenue and enhance spend control for corporate users. The company did not reveal details on how it mitigates accounts payable fraud or introduces business users to a new revenue stream with its tool.

Accounts Payable 40

Accounts Payable Accounting Invoicing Reconciliations 40

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

PYMNTS

APRIL 19, 2019

The shifting role of small business (SMB) accountants is largely driven by the increase in automated solutions available to business owners today. With machines now taking care of repetitive financial tasks, accountants have had to readjust their position from number-cruncher to value-adder to remain relevant. ” Jones explained.

Accounting 61

Accounting Compliance Reconciliations Data Analysis 61

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. Regular Reconciliations : Perform surprise cash counts and inventory checks and reconcile sales and deposit records frequently. This helps reduce opportunities for fraud.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

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

Global Finance

JULY 26, 2024

In the fast-paced business environment of today, corporate banking clients need payment solutions that are fast, efficient, reliable and secure,” says Kent Marais, head of Payments and Cash Management, Transaction Banking. This includes incoming payments, cash deposits, and cleared checks against their accounts.

Cash Management 52

Cash Management Treasury Reconciliations Currencies 52

Strategic Treasurer

FEBRUARY 22, 2023

This research discovered how your fraud experiences and security practices has changed. Has your security framework been strengthened? What security threats are on the rise? Survey Results Treasury Fraud & Controls Thank you to all of those who participated in our 2023 Treasury Fraud & Controls survey.

Treasury 52

Treasury Reconciliations Education Securities 52

Strategic Treasurer

MARCH 21, 2022

Has your security framework been strengthened? Practitioners from all industries are polled on their experiences with fraud and on the range of controls, safeguards and security practices employed to protect their financial assets and information. Security Practices Employed (Both Human & Technological).

Treasury 52

Treasury Reconciliations Securities Risk Management 52

CFO Simplified

JANUARY 5, 2024

The difficulty is that often an office manager, or senior member of the accounting team is responsible for maintaining the financial security of the firm with little or no oversight. Client Trust Accounts (IOLTA): Mismanagement of client trust accounts can lead to serious ethical and legal consequences.

Auditing 52

Auditing Reconciliations Compliance Securities 52

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

CFO Talks

SEPTEMBER 5, 2024

Focusing on Security and Compliance Data security is non-negotiable in any FIS, especially given the increasing risks of cyber threats and the stringent requirements of South African regulations. Regular updates to the system to reflect changes in these regulations are also crucial.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

PYMNTS

AUGUST 5, 2019

2), ePayRails said it secured $2.45 The company was founded in January 2018 and offers businesses a “Fintelligent” payment platform that consolidates payments and invoice data, automates accounts payable and accounts receivable, and provides intelligence on B2B payments and invoices. In a press release Friday (Aug.

B2B 40

B2B Startups Securities Accounts Payable 40

Bramasol

MAY 13, 2024

Overview of the PCAOB and AICPA The Public Company Accounting Oversight Board (PCAOB) is a regulatory body established by the Sarbanes-Oxley Act of 2002 in response to corporate accounting scandals like Enron and WorldCom.

Auditing 86

Auditing Compliance SAP Accounting Standards 86

PYMNTS

MARCH 10, 2017

The company said this week that it will roll out an accounts payable solution using a virtual card payment method, a solution, Edenred noted, that “offers security, speed and traceability” for easier supplier payments and reconciliation.

Accounts Payable 55

Accounts Payable Accounting Reconciliations Finance 55

Strategic Treasurer

APRIL 3, 2023

This research discovered how your fraud experiences and security practices has changed. Has your security framework been strengthened? What security threats are on the rise? Survey Results Treasury Fraud & Controls Thank you to all of those who participated in our 2023 Treasury Fraud & Controls survey.

Treasury 52

Treasury Reconciliations Risk Management Education 52

Bramasol

APRIL 15, 2024

Also, security of data being used in AI and Gen-AI planning will need to be rigorously managed to assure accuracy, timeliness, and security. These types of applications still have relevance going forward and it is helpful to view them holistically within a broader overall AI ecosystem.

SAP 84

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 84

CFO Plans

SEPTEMBER 24, 2024

Unlocking the Power of Virtual Accounting Services for Small Businesses Virtual accounting services for small businesses provide access to high-quality financial expertise without the hefty price tag. Learn more about the benefits of virtual accounting. Explore cloud-based accounting solutions.

CFO 52

CFO Startups Tax Planning Accounting 52

Global Finance

JULY 26, 2024

Embedded finance features include global payments, virtual accounts (VAs), and account management. Nordea , which wins two awards this year, as both Best Fraud Detection Solution and Best Bank for Treasury FX Services, has developed a new secure Cash Management self-service request.

Cash Management 111

Cash Management Treasury Foreign Exchange Banking 111

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. CUs Move Closer to RTP.

Reconciliations 92

Reconciliations B2B Compliance Risk Management 92

PYMNTS

SEPTEMBER 16, 2020

There will be new electronic banking feeds for corporate cards and automated receipt generation to help streamline back-office accounting processes. And anomaly detection and streamlined bank reconciliation will be available. Ali Jani , chief product officer with Acumatica, touted the ML capabilities as particularly enticing for users.

Reconciliations 76

Reconciliations Auditing Compliance Banking 76

Global Finance

SEPTEMBER 9, 2024

Treasury must be able to react quickly to new scenarios while optimizing liquidity in both the short and long term to secure the company’s financial health. APIs simplify the connectivity with the rest of the participants of the ecosystem depending on what you need, be it payment connectivity, reconciliation, collateral management, etc.,”

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

PYMNTS

MAY 24, 2016

The firm revealed the rollout of its commercial payment solution, TSYS Virtual Payment Precept (VPP), a virtual payment tool for accounts payable and accounts receivable to streamline reconciliation and heighten risk controls in the B2B payments space, the company said.

B2B 41

B2B Securities Accounts Payable Reconciliations 41

PYMNTS

JANUARY 17, 2021

Cloud-based accounting software solution provider AlignBooks will be working with ICICI Bank , a private-sector bank, to deliver a new, simple digital banking experience for small- to medium-sized businesses (SMBs), CRN India reported. Those lacking an ICICI account will be able to apply for one within AlignBooks, the report stated.

Banking 61

Banking Reconciliations Invoicing Accounting 61

https://trustedcfosolutions.com/feed/

AUGUST 12, 2022

Still, there are also several key provisions of Sarbanes-Oxley that apply to small and medium-sized businesses as well as to accountants, auditors, and executives. ” Sage Intacct has your internal cybersecurity controls covered with a secure login process that features: Periodic password expiration. .” Session timeouts.

Compliance 109

Compliance Reconciliations Securities Auditing 109

PYMNTS

AUGUST 30, 2017

American Express is continuing its ongoing efforts to encourage businesses to pay suppliers with commercial cards in its latest accounts payable partnership. This integration allows companies to electronically pay suppliers right from their accounting software in RegalPay, simplifying and streamlining their B2B payments process.”.

Accounts Payable 43

Accounts Payable Accounting Reconciliations B2B 43

PYMNTS

NOVEMBER 9, 2020

With the new upgrade, HashCash customers will now have access to real-time document sharing, automation and reconciliation, available instantly through B2B payments, the release stated. Raj Chowdhury , CEO of HashCash Consultants, said the idea is to offer "a platform for secure, transparent and faster B2B payments.".

B2B 93

B2B Reconciliations Invoicing Securities 93