Future CFO

FEBRUARY 13, 2023

Having an experienced succession of crises since the beginning of 2020, FutureCFO asked two finance leaders their views on the challenges facing treasury and cash management during the pandemic and coming out of it. What is the biggest change to the Treasury and Cash Management (TCM) function brought about by the pandemic?

Treasury 98

Treasury Cash Management Restructuring Accounts Payable 98

PYMNTS

DECEMBER 13, 2018

As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. Open banking is not a regulatory requirement in the U.S., Even so, Turner said U.S.

Treasury 62

Treasury Banking Cash Management Accounts Payable 62

PYMNTS

SEPTEMBER 17, 2019

Chase Accelerates SMB Bank Deposits. SMBs using the WePay platform can now see funds deposited into their Chase bank accounts the same day without extra fees, a feature resulting from JPMorgan ’s acquisition of WePay in late-2017. Community Banks Go Real Time. Treasurers See Faster Payments Benefits.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

PYMNTS

JULY 10, 2018

Mastercard and EU FinTech Strands are collaborating on a cash management and corporate payments platform for banks, designed to address small business (SMB) needs. AI and machine learning technology will be able to help predict cash flow, expenses and balances. “You wouldn’t normally hear a bank say this.

Banking 47

Banking Accounts Payable Cash Management Budgeting 47

PYMNTS

APRIL 23, 2020

As one-person operations, they often lack the resources and know-how to manage professional finances in a compliant and efficient way, yet they have more complex tax, payments and cash flow management needs than the average individual. Accounts payable is the money you owe your suppliers.

Accounting 56

Accounting Accounts Payable Invoicing Cash Management 56

PYMNTS

SEPTEMBER 21, 2018

However, other notable B2B FinTech investments this week have come from startups targeting the inefficiencies of corporate banking, logistics and freight booking, and business payments. Open banking platform Cobase secured an $8.88 by enabling corporate users to access all of their bank accounts in a single portal.

B2B 75

B2B Startups Accounts Payable Investments 75

PYMNTS

NOVEMBER 8, 2019

Bottomline Technologies reported fiscal first-quarter results that showed continued traction in areas of digital banking and accounts payable (AP) technologies. Management also noted that digital banking subscription revenue growth slightly outpaced the top line at 17 percent, where subscription revenues were $18.4

Banking 43

Banking Accounts Payable Healthcare Treasury 43

PYMNTS

JANUARY 29, 2020

Despite its rising popularity, open banking and data sharing frameworks were not necessarily opportunities toward which banks initially jumped. Gradually, however, traditional FIs are increasingly acknowledging the value in open banking. This is a classic build-versus-buy decision,” he told PYMNTS.

Banking 52

Banking Accounts Payable Vendor Management Reconciliations 52

PYMNTS

DECEMBER 30, 2019

In a recent interview with PYMNTS, Carrera explored what it will take for both banks and businesses to close the middle-market commercial card gap. Despite their size, said Carrera, these businesses continue to rely on spreadsheets to manage expenses, and use employees’ personal cards to make business purchases.

Marketing 53

Marketing Banking Accounts Payable Education 53

PYMNTS

JULY 3, 2019

Accounts receivable departments are often hospitals’ first lines of defense for maximizing days cash on hand, but when cash flow trickles to a drip, the ramifications are felt all the way through to accounts payable. Cash is always important, but for hospitals, it’s extra important,” he said in an interview.

Accounts Payable 46

Accounts Payable Healthcare Invoicing Compliance 46

https://trustedcfosolutions.com/feed/

JANUARY 31, 2023

Eighty-two percent of those that fail do so because of insufficient funds and cash flow problems. Formal Cash Management Procedures Getting the right balance of cash isn’t always easy. Review your cash flow statements early and often — make this a regular basis. Automate your accounts payable processes.

Cash Flow Forecasting 57

Cash Flow Forecasting Accounts Payable Forecasting Cash Management 57

PYMNTS

SEPTEMBER 4, 2018

In a new report released from Deutsche Bank’s Global Transaction Banking unit, analysts noted that faster payments are shifting treasurers to embrace real-time processes. One of the areas ready for real-time disruption is foreign exchange (FX) management, which is “the road to real-time treasury,” according to the report.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

OCTOBER 1, 2020

At a high level, said Disque, the embrace of automated accounts payable (AP) processes has been consistent across verticals. CSI, he noted, has insight into a number of industries, where the payment processing platform (focused on integrated payables) aggregates and accepts payments on behalf of a wide range of businesses.

Accounts Payable 77

Accounts Payable Cash Management Construction Invoicing 77

CFO Simplified

SEPTEMBER 16, 2022

Now, let’s dive into the six-step process to manage cash flow in your business. #1: This is your bank balance. It also includes: The invoices that you have entered into accounts payable, and. Some payments are repetitively automatically deducted from your account. Your payroll and bank payments are critical.

Accounts Payable 52

Accounts Payable Prioritization CFO Invoicing 52

CFO Simplified

AUGUST 18, 2022

Days’ Receivables = Accounts Receivable / (Annual Sales / 365). Days’ Payables. Days’ Payables is the average number of days you take to pay suppliers. Days’ Payables = Accounts Payable / (Annual Cost of Goods Sold / 365). Please note the above calculations are based on a full year.

Accounts Payable 105

Accounts Payable Invoicing Accounting Sales 105

PYMNTS

OCTOBER 16, 2020

A thorough knowledge of one’s cash flow is a necessity, and lacking such transparency can hinder a company’s ability to do everything from paying rent and finalizing future quarters’ budgets to compensating employees. The ongoing pandemic is also changing the status quo regarding cash flows and placing greater emphasis on quick transactions.

Treasury 76

Treasury B2B Accounts Payable Cash Management 76

PYMNTS

DECEMBER 5, 2019

After all, money exits a company through more than one avenue, whether it be via the accounts payable department or a firm’s own employees. Where Banks Fit In Problem-Solving. Understanding businesses’ biggest payment pain points requires a wide line of sight.

Accounts Payable 52

Accounts Payable B2B Problem Solving Nonprofit 52

PYMNTS

JUNE 21, 2018

In the “ 2018 B2B Payments & WCM Strategies ” report, Strategic Treasurer, Bottomline Technologies and Bank of America surveyed about 275 respondents to assess how corporate payment behavior is – or isn’t – changing.

Accounts Payable 44

Accounts Payable B2B Invoicing Accounting 44

PYMNTS

MAY 31, 2019

Accounts payable, cloud migration, Big Data and even legal management for startups raising new funding were all targeted among investors. Accounts receivable and invoicing company Crowdz announced a $5.5 Agosto said it will add to its sales and marketing team, and promote its Skykit content management system solution.

B2B 57

B2B Accounts Payable Invoicing Valuation 57

PYMNTS

JANUARY 16, 2020

Solution providers in accounts payable (AP) and accounts receivable (AR) are increasingly servicing not only their corporate customers, but their customers’ own business partners with their technologies. The AP Impact of Late AR.

Accounts Payable 56

Accounts Payable Invoicing Treasury Accounting 56

PYMNTS

JUNE 22, 2020

Enabling employees to work remotely during the COVID-19 pandemic has sent a wake-up call to companies that their old-school accounts payable (AP) practices will not cut it in the new economy. Many banks are therefore partnering with AP-focused FinTechs to quickly meet clients’ new demand, he explained.

Accounts Payable 56

Accounts Payable Invoicing Banking Cash Management 56

PYMNTS

OCTOBER 17, 2017

17), Visa said it is tackling that issue through a new partnership with accounts receivable (AR) and cash management company Billtrust. When it comes to growth of virtual corporate card payments, we have seen and built a lot of momentum on the accounts payable side,” Hall said. “We

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

CFO Simplified

APRIL 8, 2022

Also, although the company was profitable, it wasn’t building any cash balances. Significant Findings and Recommendations: Internal Controls – Cash Operations. The office manager controlled the company’s financial operations. She did payroll, accounts payable, invoicing and cash receipts. Cash Management.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Reconciliations Forecasting 52

PYMNTS

NOVEMBER 9, 2020

The pandemic has been a game-changer for businesses, with retailers closing their doors, restaurants turning to delivery and pickup, and banks shifting to digital interactions to avoid potential viral transmission.

Accounts Payable 52

Accounts Payable Forecasting Invoicing Leverage 52

PYMNTS

MAY 31, 2017

And, truth be told, many of them don’t put it on much at all; while some of them hire a part-time accountant or rely on their financial institution to help, that often doesn’t really cut it either. “Banks talk about the importance of the micro/small business category,” he recently told Karen Webster. and she has Wave. .

Cash Management 51

Cash Management Invoicing Accounts Payable Financial Data 51

PYMNTS

MAY 16, 2016

Between treasury management, accounting, invoicing, cash management and all the other money tools corporates have access to today, it’s a wonder CFOs can keep their heads on straight. The cookie-cutter treasury management solution offered by a bank may not fit a business in its first year as it fits in its 20th.

Treasury 41

Treasury Cash Management Accounts Payable Banking 41

PYMNTS

MAY 5, 2016

Cash management in the accounts payable department goes far beyond paying supplier invoices on time. The prongs of dynamic discounting and developing a strategic payment plan, along with external ways of optimizing cash flow, like supply chain finance, combine into a complex toolset that AP professionals have to manage.

Accounts Payable 40

Accounts Payable Cash Management Invoicing Finance 40

PYMNTS

APRIL 30, 2018

” In a survey of treasurers, cash management professionals, CFOs and other professionals in the treasury department, researchers found that nearly two-thirds of respondents (61 percent) feel they are in a better position this year to combat fraud within their organizations compared to last year. We expect that.

Treasury 59

Treasury Accounts Payable Securities Accounting 59

PYMNTS

DECEMBER 11, 2019

Of course, that’s not always easy when industry participants are forced to rely on state-chartered banks, or no banks at all. “These banks don’t necessarily have all the tools and technology” that market players need. An Emerging Late Payments Problem.

B2B 52

B2B Invoicing Accounts Payable Compliance 52

The Charity CFO

JUNE 7, 2023

Is this just a necessary evil just to meet compliance requirements , and make sure there’s enough cash in the bank? cash, investments, receivables) and liabilities (e.g., accounts payable, loans). This analysis supports decision-making regarding debt management, investment strategies, and asset allocation.

Nonprofit 52

Nonprofit Accounts Payable Budgeting Financial Analysis 52

PYMNTS

APRIL 3, 2020

Accounts payable (AP) automation technology presents an obvious benefit to companies of all sizes and industries to boost efficiency and strategize vendor payments. “Each bank has a different way of presenting information back to you,” he explained. ” From Onboarding to Compliance.

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

CFO Simplified

SEPTEMBER 16, 2022

In many cases, internal controls are procedures that manage activities within a department. Here, the relationship between the Purchasing Department, the Receiving Dock, and Accounts Payable is verified. When the three items all match, the Accounts Payable staff is cleared to issue payment to the supplier.

Accounts Payable 52

Accounts Payable Invoicing Risk Management Accounting 52

PYMNTS

JANUARY 14, 2020

This complicated process can involve everything from accounting and invoicing software to bank accounts. The bank is potentially just the payment portion of the broader customer experience,” Imran Haider, executive vice president of open APIs for Wells Fargo , noted in a recent interview with PYMNTS.

Cash Management 52

Cash Management Invoicing Accounting Leverage 52

PYMNTS

JUNE 20, 2016

This week’s B2B Data Digest focuses on the flux and flow of managing cash. Digital currencies, cybercrime and complexities of the accounts payable process combine into a mountain of challenges for corporate financial chiefs. Examine the latest research to grasp just how cumbersome modern cash management can be. $3

Accounts Payable 41

Accounts Payable Currencies Invoicing Profit and Loss 41

PYMNTS

JANUARY 26, 2017

Blockchain, said Finlync, “will bring parties such as the buyer, seller, buyer’s bank [and] seller’s bank onto the same value chain,” which enables real-time transmission and analysis of data between these players. For this to work,” the firm continued, “the buyer and seller must be an active part of this value chain.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

APRIL 1, 2016

Offerings from FIs, like mobile banking and electronic payment support, can help encourage businesses to make the shift to ePayments, the executive said, but legacy payment technologies also need to be addressed. Bank, for instance, has just rolled out the small business version of its mobile app to facilitate mobile deposit of checks.

B2B 41

B2B Accounts Payable B2C Banking 41

PYMNTS

DECEMBER 24, 2018

Device biometrics can examine, monitor and answer some key questions: “How do you hold your phone when you are logging into a mobile banking app? Other tech, he said, can offer arrows in the anti-fraud quiver, too. What speed or pressure are you typing with on your screen? Not bad, but there is room for improvement. Frankly, it’s hasn’t.”.

Numbers 65

Numbers B2B Currencies Accounts Payable 65