CFO Share

JULY 16, 2024

A controller primarily oversees accounting processes, ensuring accurate financial records and compliance with regulations. Purpose of the Role The controller ensures financial reporting compliance and accuracy while preventing and detecting fraud. They regularly audit processes to maintain the integrity of financial operations.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) CFO General Ledger Compliance 98

The Charity CFO

MAY 18, 2022

Compliance. Compliance. If your nonprofit requires an audit, the board should engage directly with the audit firm. Finally, the board should be aware of significant compliance requirements the nonprofit is subject to and ensure a system of accountability is in place. Review annual audit .

Nonprofit 105

Nonprofit Auditing Compliance Budgeting 105

https://trustedcfosolutions.com/feed/

JULY 19, 2022

Scalability is crucial, and Sage Intacct puts you in a great position to drive growth by automating the complete range of primary and complex accounting processes so you can focus on analyzing your real-time business performance. Sage Intacct has completed SSAE 18 SOC 1 Type II, SOC 2 Type II, and ISO27001 audits.

Accounts Payable 113

Accounts Payable Auditing Accounting Securities 113

PYMNTS

SEPTEMBER 10, 2019

In a statement, Coatue Management Senior Managing Director Thomas Laffont said that artificial intelligence (AI) enables AppZen to deploy more sophisticated analytics and automation within its expense management solution, which allows businesses to assess expenses, automate expense report audits, and identify savings opportunities. “AI

Auditing 43

Auditing Accounts Payable Invoicing Compliance 43

The Charity CFO

MAY 31, 2022

On the other hand, a poorly managed nonprofit will have little money in the bank, few other assets, an accumulation of debt with no clear plan to repay it, and a ballooning accounts payable balance. To fully grasp your nonprofit finances, you need to start to understand the major compliance requirements that impact your organization.

Nonprofit 98

Nonprofit Finance Auditing Accounts Payable 98

PYMNTS

FEBRUARY 19, 2018

You could call accounts payable (AP) the last mile of payments in a way. On top of that, the regulators are putting a heavier hand on tax compliance” and other daily minutiae of doing business. These are firms that have failed audits or are about to fail audits.

Auditing 51

Auditing Accounts Payable Currencies Accounting 51

The Charity CFO

JANUARY 17, 2022

But it also includes accounts payable (unpaid bills), credit card bills, outstanding payroll, and more. Unpaid bills (accounts payable). Accounts Payable. Accounts payable is an account containing any outstanding bills or invoices that you haven’t yet paid. Lines of credit. Net Assets.

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

PYMNTS

JUNE 15, 2017

The company added that the integration of these capabilities into its offering is part of a broader effort to innovate in the areas of accounts payable, P2P, supply chain management and working capital optimization. With the IBM Watson integration, that information can be found and incorporated into pricing audits.

Accounts Payable 56

Accounts Payable Auditing Compliance Technology 56

PYMNTS

MARCH 28, 2019

Automated expense report auditing company AppZen is introducing a new spend auditing platform to analyze supplier invoices using artificial intelligence (AI). “The major takeaway from this data is not that employees in certain industries commit more fraud,” AppZen noted at the time. ”

Invoicing 46

Invoicing Auditing Accounts Payable Compliance 46

PYMNTS

AUGUST 18, 2017

Israch said that tasks as far ranging as supplier management, invoice processing and regulatory compliance can be managed through Tiaplti’s AP Hub. Tipalti’s vision is to free the finance and payments team from the minutiae and complexity and risk involved in today’s accounts payable and supplier payments workflow,” Israch said.

Accounts Payable 46

Accounts Payable Invoicing Compliance Auditing 46

The Charity CFO

FEBRUARY 4, 2022

On top of that, nonprofit bookkeeping requires staying updated on income tax changes and filing requirements to ensure compliance. . Most organizations will also need to track payments they are owed (accounts receivable), bills that they haven’t paid (accounts payable). . Nonprofit bookkeeping solved , once and for all.

Nonprofit 98

Nonprofit Invoicing General Ledger Accounting 98

PYMNTS

APRIL 10, 2019

Yet, as supply chains expand across borders, a new burden has landed on procurement teams’ shoulders: compliance. ” Electronic invoicing requirements are one example of markets’ heightening focus on tax compliance. . That burden can come in many forms.

Compliance 55

Compliance Invoicing Auditing Accounts Payable 55

PYMNTS

NOVEMBER 10, 2017

Especially for businesses that rely on manual expense reports, management and auditing processes, an employee that fudges a dollar amount here and there, or a worker who accidentally submits an expense report twice, mean companies can easily fall victim to fraud, both intentional and unintentional.

Accounts Payable 44

Accounts Payable Auditing Invoicing Compliance 44

PYMNTS

OCTOBER 22, 2019

Accounts payable technology company AvidXchange is targeting the healthcare industry with payments and invoicing offerings. The technologies can support the industry’s HIPAA compliance and other regulatory requirements with elevated financial reporting and auditing capabilities.

Healthcare 40

Healthcare Accounts Payable Invoicing Auditing 40

PYMNTS

APRIL 10, 2018

NetSuite has its own PO creation capability, but the integration enables users to streamline their complete accounts payable (AP) workflow. Israch said Tipalti has rolled PO matching and multi-entity into its existing NetSuite integration following the receipt of its NetSuite certification.

Accounts Payable 53

Accounts Payable Invoicing Auditing Startups 53

https://trustedcfosolutions.com/feed/

MARCH 1, 2023

By automating your accounts payable processes, you’ll save hundreds of hours and thousands of dollars from data retrieval and manual work, all while making the process more streamlined. This allows you to reduce the amount of manual data entry and create an audit trail for your asset data.

Accounts Payable 62

Accounts Payable Auditing CFO Invoicing 62

PYMNTS

JANUARY 17, 2018

Israch said he’s observed increased adoption and momentum for AP (accounts payable) automation and cross-border needs — and not just at his own company. Across the board, he said, CFOs and executives are realizing that they can’t keep up just by throwing more bodies at the problem.

Accounts Payable 40

Accounts Payable Auditing B2B CFO 40

PYMNTS

MARCH 6, 2020

As application programming interfaces (APIs) and digital banking promise unheard of levels of control, companies are eyeing the 40 percent or more of revenues that go to spend — and specifically, how much can drop to the bottom line by using artificial intelligence and accounts payable automation in creative new ways. “A

SAP 52

SAP Accounts Payable Compliance Entertainment 52

PYMNTS

AUGUST 21, 2019

The drive to eliminate paper in the accounts payable process, to cut the steps that lead to inefficiencies, continues to get a boost from technology. With an automated workflow process, the manual approval of invoices is eliminated and strict business rules can be applied to the process for compliance reasons.

Accounts Payable 46

Accounts Payable Invoicing Financial Systems Compliance 46

PYMNTS

SEPTEMBER 28, 2020

Corporate buyers that fail to adhere to these regulatory requirements could face audits, fines and tax withholdings. Companies may be eager to ditch paper checks and other manual methods from their B2B payment flows, as 24 percent of accounts payable (AP) professionals say that such processes worsen vendor relationships.

Accounts Payable 66

Accounts Payable B2B Invoicing Auditing 66

PYMNTS

FEBRUARY 6, 2019

Internal company audits, review of employee expense reports, supplier on-boarding, accounts receivable, accounts payable and procurement are just a few areas of corporate finance that are on-path to become entirely automated. “There will be changes.

Corporate Finance 74

Corporate Finance Accounting Finance Accounts Payable 74

Boston Startup CFO

APRIL 3, 2023

In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions. Additionally, it is necessary to maintain accounts payable and accounts receivable, guaranteeing that all transactions are precise and current.

Accounting 52

Accounting Accounting Principles GAAP Startups 52

CFO Talks

MARCH 20, 2024

Example: When it’s time for an audit, the Controller is hands-on, working directly with the auditors, showing them the books, and explaining the details. The CFO, on the other hand, talks strategy with the audit partner and handles any big issues that pop up.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

The Charity CFO

MARCH 2, 2022

You used to audit nonprofit organizations back in the day, similar to me, but while I was the CFO of a nonprofit, you were my auditor. Um, so that we can ensure we get through audits and then just kind of balancing all of those things together. And comparing things to the audit is always the first step that I take.

Nonprofit 98

Nonprofit Auditing Reconciliations Accounting 98

The Finance Weekly

OCTOBER 31, 2021

Many of the same financial issues that profit-seeking enterprises face, such as increasing revenue, managing audits, and dealing with compliance, encounter non-profit organizations (NPOs). This could imply more efficient auditing via online financial software that allows for remote audits. Master the basics of accounting.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52

PYMNTS

FEBRUARY 13, 2018

As companies grow and go global, manually processing payments and accounts payable (AP) can be a hassle. Enter Tipalti , a global payables automation software company that includes all phases of the payments workflow in a cloud-based platform, which includes steps from supplier onboarding to cross-border payments and AP reporting.

Accounts Payable 41

Accounts Payable Invoicing B2B Startups 41

CFO Simplified

DECEMBER 12, 2021

In publicly traded companies, the CFO is also responsible for the company’s compliance with Securities and Exchange Commission (SEC) rules and regulations. Accounting focuses on the day-to-day flow of money in and out of a business. . Accounting teams are responsible for: Invoicing. Reconciling accounts. Creating reports.

Accounting 52

Accounting Finance Cash Flow Forecasting Quantitative Analysis 52

PYMNTS

MARCH 26, 2018

Park noted that VAT compliance is “critical” for B2B suppliers, as well as an automated system that ensures compliance significantly reduces risk for businesses throughout the supply chain. It can be a challenge, however, for companies that are used to paper invoices to make the shift to eInvoicing technology.

Accounts Payable 40

Accounts Payable B2B Invoicing Compliance 40

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Categorizing transactions, reporting income, and meeting compliance requirements can be overwhelming. What is the actual goal in a nonprofit accounting setup? Or, put another way, What does the ideal accounting system look like?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

Spreadym

JULY 10, 2023

The financial close process, also known as the accounting close process or month-end close, is a series of steps undertaken by an organization to finalize its financial records for a specific accounting period. These entries correct errors, allocate costs, or reclassify transactions to the appropriate accounts.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

The Charity CFO

APRIL 1, 2024

Your nonprofit accounting setup needs to be able to meet tax and legal regulation and reporting requirements so you stay in compliance and retain the public’s trust. Bill Bill (formerly Bill.com) is a tech solution for the accounts payable and accounts receivable cycle.

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

CFO Talks

DECEMBER 26, 2021

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. CFO Talks is a brand of the South African Institute of Business Accountants. So a lot of it was leading back office finance for the company.

Manufacturing 75

Manufacturing CFO Budgeting IFRS 75