PYMNTS

JUNE 22, 2017

Even with the rise in eInvoicing and electronic B2B payments, disconnects, miscommunication and erroneous transactions plague the accounts payable department. Finding where those errors are via manual auditing can be a headache, too. Even automating the data matching or reconciliation process can miss errors, Thompson noted.

Accounts Payable 48

Accounts Payable Invoicing Auditing Reconciliations 48

Spreadym

JULY 10, 2023

Here are the typical steps involved in the financial close process: Pre-Close Activities: This phase involves preliminary activities to prepare for the close process, such as reviewing account reconciliations, ensuring the completeness of transactions, and resolving any outstanding issues or discrepancies.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

APRIL 10, 2019

Corporates’ biggest procure-to-pay challenges often center around the friction of streamlining data flows and the movement of money, from sourcing and purchase order submission to invoice payment and reconciliation. Audit Targets. “They are now audit targets.” That burden can come in many forms.

Compliance 55

Compliance Invoicing Auditing Accounts Payable 55

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 26, 2021

From overworked staff accountants to controllers running month-end closes, a poorly structured finance, and accounting department can put strains on your business’ growth. Here’s a guide to set your accounting and finance department up for success as your business grows. Roles and Responsibilities. Bookkeeper.

Finance 52

Finance General Ledger CFO Auditing 52

PYMNTS

APRIL 11, 2017

That includes line-item details, Visa said, with that data able to integrate into reconciliation tools. Visa’s collaboration with Amazon Business and our bank partners will ultimately help our commercial account holders in the U.S.

Reconciliations 40

Reconciliations B2B Auditing Treasury 40

Centage

SEPTEMBER 6, 2022

Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user. Bank reconciliation: Because employees can quickly modify or change numbers, you may run into false reconciliations.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

PYMNTS

JANUARY 26, 2018

and elsewhere, for instance, are guiding the evolution of the corporate accounting and close market, Feinstein noted. Open Banking could have a significant impact on [the] close process in that it will help automate reconciliations of cash accounts,” the executive explained. “In Open Banking initiatives in the EU, U.K.,

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47

The Charity CFO

APRIL 25, 2024

The easier it is to dive into transactions, the easier it will be to report on where the money is coming from, where it’s going, and to audit what’s happening. QuickBooks Online QuickBooks Online is simply a database for all of your accounting data. Let’s take a deeper look. Sure, other software solutions do something similar.

Nonprofit 52

Nonprofit Accounting CFO Auditing 52