Future CFO

JANUARY 26, 2024

The outcome is boosted efficiency, increased accuracy, cost reduction, and stronger supplier relationships—a game-changer in Accounts Payable that allows finance leaders to navigate uncertain economic conditions and elections with confidence. The post Transforming accounts payable operations through AI appeared first on FutureCFO.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Accounting Invoicing 52

PYMNTS

JULY 3, 2018

New research suggests a vast divide between businesses that have embraced technology and electronic processes in the accounts payable department and businesses that instead prefer to retain those paper invoices and checks. While the gap is wide, researchers noted overall improvement in the perception of the accounts payable department.

Accounts Payable 41

Accounts Payable Accounting Invoicing Reconciliations 41

CFO Thought Leader

OCTOBER 29, 2024

Gronen: Yooz is an AP (accounts payable) automation and payments company. Fraud, such as fake vendors or altered bank account details, is a growing concern in accounts payable. We also reduce human error by leveraging machine learning. Right now, many companies receive invoices in paper envelopes.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) CFO Finance Profit and Loss 52

PYMNTS

MARCH 13, 2019

This stumbling block to innovation is often visible in accounts payable (AP) departments, Corcentric SVP of Sales Daniel Andrew told PYMNTS in a recent conversation. Manual, paper-based invoicing systems are objectively worse in every metric when stacked against automated, digital AP systems that leverage straight-through processing.

Accounts Payable 44

Accounts Payable Accounting Invoicing Benchmarking 44

Future CFO

APRIL 21, 2021

So, what does the New Accounts Payable department look like? The new accounts payable department has a more intense focus on cash flow and payment terms and takes a more disciplined approach to its financial processes to work toward optimising the cash conversion cycle. What has changed, and what changes are here to stay?

Accounts Payable 40

Accounts Payable Accounting Invoicing Treasury 40

CFO Thought Leader

JANUARY 29, 2025

Read More At PairSoft, Collis leverages these experiences to prioritize purposeful integration. The first is our accounts payable automation solution. This ensures a more intuitive and efficient experience for accounts payable teams, as they dont have to switch between platforms to manage invoices, approvals, and payments.

CFO 52

CFO Accounts Payable Invoicing Reconciliations 52

PYMNTS

DECEMBER 20, 2020

Snap Accounts Payable (SnapAP) has completed the first stage of a new funding round with help from a group of Israel-based angel investors, a press release says. The intent of the round is to help SnapAP on the first stage of its planned $2 million seed stage round.

Accounts Payable 79

Accounts Payable Invoicing Manufacturing Leverage 79

PYMNTS

NOVEMBER 3, 2020

Everlink Payment Services is teaming with workflow solutions provider FINTAINIUM to offer B2B and B2C payments in real time, leveraging the ISO 20022 global standard, according to a press release. Palette Software has connected its accounts payable (AP) automation cloud technology with Aptean ERP , according to a Monday (Nov.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

PYMNTS

DECEMBER 15, 2020

Buyers, too, are eager for change and need to adopt accounts payable (AP) methods that are easily managed by employees working from home. A recent report finds many companies are leveraging AI to help them more swiftly automate vendor invoices and support their liquidity management decision making.

Healthcare 107

Healthcare B2B Invoicing Accounts Payable 107

PYMNTS

NOVEMBER 18, 2016

Nexus Systems is partnering with a real estate technology company to help the industry adapt to more sophisticated accounts payable and procurement processes. Reports Thursday (Nov. 17) said Nexus is teaming up with MRI Software to develop an AP and procure-to-pay solution fit for the real estate sector.

Accounts Payable 65

Accounts Payable Invoicing Compliance Leverage 65

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. Capture accurate, consistent visibility into every account, entity, and location.

Accounts Payable 113

Accounts Payable Auditing Accounting Securities 113

PYMNTS

SEPTEMBER 20, 2016

Accounts payable solutions firms Inspyrus announced a mobile app aimed at enabling invoice management for AP professionals on the go. According to Inspyrus, its invoice management technology is patent-pending and can automate up to 90 percent of accounts payable workflows. An announcement on Monday (Sept.

Invoicing 66

Invoicing Accounts Payable Leadership Leverage 66

PYMNTS

NOVEMBER 18, 2020

Prepaid cards are also being leveraged to streamline corporate purchasing, with firms providing these tools to employees so that the workers can make business-related purchases. The effort comes as part of a larger governmental push to expand residents’ access to eCommerce and reduce the amount of cash that needs to be printed.

Accounts Payable 88

Accounts Payable eCommerce Leverage Retail 88

PYMNTS

JULY 16, 2020

Commercial card innovation continues to make big waves in the accounts payable (AP) department, as corporates and card issuers alike explore new ways to drive business spend on cards beyond business trips or ad-hoc purchases. Accrualify Taps Visa For Corporate Card Offering.

Accounts Payable 64

Accounts Payable SAP B2B Invoicing 64

https://trustedcfosolutions.com/feed/

MAY 27, 2022

Because Sage Intacct is a truly cloud-based application, you can leverage the power of the cloud with any time, anywhere access and easy integrations that allow you to scale your organization at your pace. With Sage Intacct, you can track programs, costs, menu profitability, and much more using role-based dashboards.

Accounting 108

Accounting General Ledger Accounts Payable Cash Management 108

The Finance Weekly

OCTOBER 13, 2021

Additionally, given the significance of new technologies in today’s context of business, FCs need to know how to leverage technical innovations to manage risk and generate value. Thus, they communicate with C-Level executives differently and more frequently than in the past. A prime example of such innovations is of course CPM software.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Leverage Communication Strategic Planning 52

PYMNTS

OCTOBER 16, 2020

Venture capital funding landed at startups focused on accounts payable (AP) and cybersecurity this week — with one payables startup raising $23 million in funding. Venture capital funding landed at accounts payable (AP) and cybersecurity technology firms, among other innovators that raised money this week.

B2B 69

B2B Accounts Payable Management Consulting Startups 69

PYMNTS

JANUARY 25, 2021

The four companies coming together is the result of a years-long effort to combine “organic business growth with targeted acquisitions to expand globally, reach new industries and become the first end-to-end provider of procurement, accounts payable, and accounts receivable solutions,” according to the release.

Accounts Payable 83

Accounts Payable Invoicing B2B Leverage 83

CFO Share

JULY 16, 2024

For small businesses employing a fractional CFO , understanding the core responsibilities of a CFO can help leverage their expertise effectively. Controllers handle the operational side of financial management, ensuring that the day-to-day accounting functions are carried out accurately and efficiently.

Financial Planning and Analysis (FP&A) 98

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

PYMNTS

OCTOBER 10, 2018

The app will leverage Mastercard In Control for Commercial Payments, letting community banks provide a white-labeled accounts payable platform for their corporate customers. Accounts payable departments are essential to the operations of any company,” said Regal Software founder and CEO Kofi Conduah in a statement.

Accounts Payable 53

Accounts Payable Banking Invoicing Accounting 53

PYMNTS

NOVEMBER 11, 2020

Back office modernization is in the spotlight like never before, and solutions that streamline accounts payable (AP) and accounts receivable (AR) functions are in high demand.

Invoicing 87

Invoicing Accounts Payable Treasury Reconciliations 87

PYMNTS

JUNE 6, 2019

Many accounts payable ( AP ) departments are still burdened with manual, paper-based payment processes, or have implemented payment automation solutions only to find that the benefits weren’t as significant as they’d hoped. Thus, accounts payable management is all too often more art than science.

Accounts Payable 71

Accounts Payable Accounting B2B Treasury 71

PYMNTS

JANUARY 2, 2019

Cards are still expected to account for only a minor fraction of B2B payments volume in accounts payable by the end of the year, after all, with ACH gaining traction as the go-to ePayments rail for corporate payers.

B2B 75

B2B Accounts Payable Accounting Investments 75

CFO Network

MARCH 11, 2024

Accounts Payable Management: Ensuring Timely Payments Another critical aspect of cash flow management is managing accounts payable effectively. Neglecting accounts payable can result in missed payments, damaged vendor relationships, and even disruption of essential supplies or services.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Invoicing Forecasting 52

Future CFO

APRIL 6, 2022

Leveraging a modern approach to performance excellence driven by technology and a shift in mindset is key to opening many new opportunities for Accounts Payable.

Accounts Payable 52

Accounts Payable Compliance Leverage Accounting 52

PYMNTS

OCTOBER 11, 2018

Now companies can leverage their accounts payable to reduce costs of goods and services while offering automatic, flexible payment terms to their eligible suppliers,” Cotter continued. The solution offers several options for corporate buyers.

Invoicing 71

Invoicing Accounts Payable B2B Finance 71

PYMNTS

JANUARY 28, 2020

Many accounts payable (AP) professionals turning to electronic payments to streamline their companies’ payment processes — specifically, how they pay invoices from suppliers — are putting virtual cards at the top of their lists, and for good reason. A recent report by PYMNTS found that 46.4 About The Tracker.

Accounts Payable 57

Accounts Payable Banking Invoicing B2B 57

PYMNTS

OCTOBER 13, 2016

” Nexus offers the NexusPayables solution to automate the accounts payable process for companies starting at the beginning of their procurement activity. “We are excited to work with the Mainsail team and leverage their experience helping software companies scale and succeed.”

Accounts Payable 62

Accounts Payable Invoicing Compliance Leverage 62

PYMNTS

MAY 21, 2020

eInvoicing can streamline accounts payable processes and improve relationships with suppliers. “An An elnvoicing-ePayment closed loop could leverage any form of payment agreed upon between parties (credit cards, bank transfers, digital currencies, etc.)

B2B 94

B2B Invoicing Accounts Payable Currencies 94

PYMNTS

MAY 23, 2019

The B2B space is ripe for transformation, where outdated payment processes mark accounts payable (AP), and where technology can make all the difference as corporates choose their banking partners to satisfy their payment needs. Banks And FinTech Firms Together.

Banking 76

Banking Accounts Payable Leverage Technology 76

PYMNTS

OCTOBER 7, 2020

To achieve this objective, merchants can leverage payments data to better understand their customers’ behavior. “If you see a trend in a very important customer segment that is accelerating, you want to know sooner rather than later to take corrective measures.”. Wimmer said that as one of the major issuers, J.P.

Cash Flow Forecasting 103

Cash Flow Forecasting Accounts Payable Forecasting Treasury 103

PYMNTS

JANUARY 15, 2020

15), Basware said it has launched InvoiceReady, a “distinct business unit” within Basware that will offer the company’s existing SMB procure-to-pay and accounts payable (AP) product suite. In a press release on Wednesday (Jan. I believe there is more potential in this business.”

Accounts Payable 52

Accounts Payable Benchmarking Invoicing Leverage 52

PYMNTS

FEBRUARY 22, 2019

But, in fact, banks and FinTechs may make for the perfect marriage, as each works to leverage their unique strengths and opportunities. These companies also might need a sophisticated accounts payable (AP) platform, such as AvidXchange.

Banking 82

Banking Accounts Payable Treasury Compliance 82

PYMNTS

SEPTEMBER 15, 2020

Postal Service have added yet another hurdle to the payment method, which can affect everything from accounts payable (AP) to payroll to insurance disbursements. As if the coronavirus crisis wasn't enough of a challenge for organizations still printing, cutting and mailing paper checks, the ongoing slowdowns at the U.S.

Currencies 105

Currencies Accounts Payable Treasury B2B 105

PYMNTS

NOVEMBER 10, 2020

Businesses of all sizes struggle with capital management, regardless of whether they employ staff or seek out third parties to handle their cash flows, accounts payable (AP) and accounts receivable (AR) processes and other related tasks.

Invoicing 87

Invoicing Accounts Payable Treasury Sales 87

PYMNTS

JULY 17, 2019

California-based global payables automation platform Tipalti has launched NetNow to accelerate supply chain payments. The new accounts payable solution aims to improve its clients’ supply chain relationships and financial health, Tipalti said in a July 17 press release. However, the frictionless way we have enabled it is.

Accounts Payable 44

Accounts Payable Currencies B2B Accounting 44

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. Unfortunately, accounts payable automation in the healthcare sector is far from ubiquitous.

Accounts Payable 46

Accounts Payable Healthcare Invoicing Compliance 46