PYMNTS

DECEMBER 28, 2020

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. But accounts payable is far from the only back-office financial workflow at risk of fraud. While current fraud tools are helpful, there is no systemic or automated option for accomplishing this," Nacha warned.

B2B 116

B2B Accounts Payable Invoicing Manufacturing 116

PYMNTS

AUGUST 12, 2019

In a press release last week, Compeat said Compeat Pay automates vendor payments by using virtual cards, ACH and check payments to enhance the security of accounts payable. The tool generates a one-time virtual card number to promote security, while working with suppliers to accept that card. “It’s

Accounts Payable 43

Accounts Payable Accounting Securities Banking 43

CFO Share

MAY 31, 2023

Accounts payable is an annoyance at best, a disaster at worst. More and more businesses use accounts payable outsourcing as a solution to this problem. What to look for in an accounts payable company. Accounts payable outsourcing should include setting your business up with an automated solution.

Accounts Payable 40

Accounts Payable Accounting Auditing Invoicing 40

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. Organizations’ accounts payable departments perform at a certain level, and then stay there. Over time, he noted, accounts payable isn’t costing money.

Accounts Payable 44

Accounts Payable Accounting Invoicing Benchmarking 44

Future CFO

NOVEMBER 27, 2024

Finance teams found their way in 2024 to keep up with the ever-changing market landscape brought about by a number of factors. The accountancy profession, as we know it, faced challenges in technology--what with the concerns on how artificial intelligence poses threat on their jobs regarding the way it can take over their roles.

Accounting 105

Accounting Finance Problem Solving Accounts Payable 105

CFO Thought Leader

OCTOBER 29, 2024

Looking back, Gronen tells us his involvment with M&A began during his time at Alltel, where he contributed to a number of M&A transactions. 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.

Mergers and Acquisitions (M&A) 52

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

PYMNTS

FEBRUARY 1, 2021

While it is encouraging to see the number of data breaches, as well as the number of people impacted by them, decline, people should understand that this problem is not going away,” she said in a statement. But the findings aren't necessarily cause for optimism, warns ITRC President and CEO Eva Velasquez.

Invoicing 136

Invoicing Microsoft Office Accounts Payable B2B 136

PYMNTS

JUNE 25, 2020

Chief Operating Officer Arnold Hur said the partnership would boost the company’s accounts payable process. The company had 240 workers as of the beginning of 2020 and had doubled its number of new customers, totaling 900 overall at the beginning of the year. G is a gaming organization in the U.S.,

Accounts Payable 112

Accounts Payable Numbers Finance Accounting 112

PYMNTS

OCTOBER 6, 2020

The pandemic has upended supply chains, and upended accounts payable (AP) processes – requiring companies of all sizes and types to move toward digital (and high-tech-powered) means to transform back-office functions. The pandemic has spurred organizations of all sizes to focus on supply chain dynamics.

Invoicing 93

Invoicing Accounts Payable Auditing Accounting 93

CFO Talks

JANUARY 8, 2025

Expose the Team to Broader Perspectives A finance team can sometimes operate in a silo, focusing solely on numbers. Allowing someone who primarily works in accounts payable to gain experience in forecasting or treasury provides them with a broader understanding of finance operations.

Finance 52

Finance Budgeting Problem Solving Accounts Payable 52

PYMNTS

FEBRUARY 28, 2020

One of the latest FinTech firms to do so is accounts payable (AP) automation company Centsoft , which recently announced a data integration with QuickBooks Online. It’s one thing to enable two B2B FinTech platforms — like an accounts payable and accounting platform — to share data with each other.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

DECEMBER 24, 2018

Several times throughout the year we offer Data Drivers, where our interviews with payments professionals help the numbers take shape, take on meaning, illustrate trends and even hint a bit at the future. And, as always, the end the year provides a chance to look back at some of the numbers that told stories. Good vs. Bad.

Numbers 65

Numbers B2B Currencies Accounts Payable 65

PYMNTS

DECEMBER 16, 2020

A growing number of businesses are therefore choosing to avoid so-called “fully insured” plans, instead electing self-funded health plans to save money. In a true accounts payable format for corporate spend, you know you have 30 to 50 to maybe 100 accounts payable vendors, and you pay the same ones every month,” Rodewald said. “In

Healthcare 81

Healthcare Accounts Payable Reconciliations B2B 81

The Charity CFO

FEBRUARY 25, 2022

You don’t record any financial data in the Chart of Accounts itself; it’s like an organizational map of your accounting structure. In a nonprofit’s Chart of Accounts, each account is identified in four ways: number, name, category type, and a short description. Account Description.

Nonprofit 98

Nonprofit Accounting Accounts Payable GAAP 98

The Finance Weekly

NOVEMBER 8, 2022

As the number and quality of software tools increases, companies are constantly looking to find better ways to cut down on manual work and increase efficiency. Finance is responsible for a large number of critical operations in a business. Finance is responsible for a large number of critical operations in a business.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Accounts Payable Invoicing 98

PYMNTS

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. Firms looking to strengthen their interactions with customers and vendors by adopting comprehensive, automated AP and ERP solutions are increasingly turning to cloud-based products in lieu of on-premises systems.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

PYMNTS

JUNE 20, 2019

According to PYMNTS data, more than 60 percent of digital platforms say too many false positives are a significant point of friction in the conversion process — and more than 30 percent say it’s their number-one challenge. The False Positive Threat.

B2B 73

B2B Accounts Payable Invoicing B2C 73

PYMNTS

AUGUST 3, 2020

With accounts payable professionals working remotely, Anderson said he’s heard from some firms whose AP staff have had to physically take check-printing machines to their homes — opening up the door for fraudulent activity. If it hasn’t happened to you, it will. It’s only a matter of time.” ” $18.5

B2B 131

B2B Invoicing Accounts Payable Accounting 131

PYMNTS

AUGUST 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. Finance administrators and project managers both benefit from automation of the accounts payable process.

Construction 69

Construction General Ledger (GL) Accounts Payable General Ledger 69

PYMNTS

DECEMBER 29, 2020

Now, with electronic processes in place in accounts payable (AP) and accounts receivable (AR) departments, businesses are in a more strategic position than ever before to elevate workflows and strengthen B2B relationships. B2B payments are messier than B2C payments," said Chanda.

B2B 114

B2B Reconciliations Accounts Payable Invoicing 114

PYMNTS

NOVEMBER 21, 2018

With pressure mounting for the enterprise to digitize, accounts payable automation is seen as a crucial part of achieving greater efficiency, cost savings, visibility into spend and strengthening of vendor relationships, to name a few benefits. But when it comes to money, businesses may be reluctant to hand the reins to a third party.

Accounts Payable 63

Accounts Payable Invoicing Accounting Reconciliations 63

PYMNTS

JANUARY 13, 2021

Medius CEO Per Åkerberg said the company has seen a number of clients grappling with various offerings and companies to deal with local digital invoice formats and rules. Medius has long provided companies with technologies related to the accounts payable (AP) workflow. 13) announcement.

Invoicing 67

Invoicing Accounts Payable Compliance Accounting Firms 67

PYMNTS

MARCH 4, 2020

One of the largest is in corporates’ struggle to manage the growing number of back-office solutions in place, while managing the pain point of aggregating data across these platforms and consolidating it. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

DECEMBER 9, 2020

But these solutions can actually bring their own sense of complexity to the process as buyers and suppliers deploy a slew of various accounts payable (AP) and accounts receivable (AR) platforms that, while able to automate many workflows, don't always necessarily integrate and connect with each other.

B2C 118

B2C B2B Accounts Payable Invoicing 118

CFO Simplified

AUGUST 18, 2022

The cash gap is the number of days between when we spend money buying presents, and when I get paid next. Days’ Inventory, also known as Days’ Sales in Inventory (DSI), represents the number of days of inventory you have on the warehouse floor, available for sale. Days’ Receivables = Accounts Receivable / (Annual Sales / 365).

Accounts Payable 105

Accounts Payable Invoicing Accounting Sales 105

PYMNTS

APRIL 8, 2020

This stands in stark contrast to how the accounts payable (AP) departments at many businesses process payments. The first enables companies to assign digital card numbers to vendors or other parties that are randomly generated and expire after their approved use.

Invoicing 89

Invoicing Accounts Payable Auditing Securities 89

PYMNTS

FEBRUARY 1, 2021

Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. Many firms still have AR systems that require employees to juggle different software platforms and conduct procedures manually. .

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

PYMNTS

APRIL 9, 2020

To help additional middle-market companies automate their accounts payable (AP) processes, MineralTree announced that it has grown its integration abilities, according to a press release. Middle-market businesses are absolutely critical to the U.S.

Accounts Payable 76

Accounts Payable Invoicing Accounting Economics 76

PYMNTS

OCTOBER 29, 2018

Accounts payable (AP) automation certainly has the potential to transform the invoice-to-pay process by allowing employees to turn their attention from monotonous, manual tasks to more value-added ones. “For large corporates, supply chains are in some level of constant churn,” he explained to PYMNTS in a recent interview.

B2B 73

B2B Accounts Payable Invoicing Accounting 73

PYMNTS

DECEMBER 15, 2020

Identity verification solution provider Acuant has teamed with accounts payable (AP) automation company Tipalti to automate essential services in payment and transaction monitoring, according to a Tuesday (Dec. 15) announcement.

Accounts Payable 75

Accounts Payable Compliance Advertising Invoicing 75

Jedox Finance

JULY 6, 2022

The debt ratio is an essential part of accounting balance sheets. The importance of the accounts payable balance sheet. Balance sheet accounts inform high-level business decisions. The balance sheet is not just for accountants. This is a vital number for owners because it indicates how much a business is worth.

Accounting 69

Accounting Accounts Payable Numbers 69

PYMNTS

FEBRUARY 26, 2020

Many are turning to enterprise resource planning (ERP) tools with accounts payable (AP) automation to harness both solutions’ abilities and level up their businesses’ values. It especially appeals to the growing number of chief financial officers and treasurers eager to make their AP departments profit centers.

Invoicing 83

Invoicing Accounts Payable Reconciliations Accounting 83

PYMNTS

JULY 2, 2020

Often at the center of this initiative is the accounts payable (AP) department — and unsurprisingly for these volatile times, the strategy can turn toward lengthening the days payable outstanding (DPO).

Economics 104

Economics Accounts Payable B2B Reconciliations 104

PYMNTS

MARCH 12, 2020

A collaboration between DXC Technology and Tradeshift will attempt to work out the kinks on accounts payable (AP) and procurement functions, according to a press release. Many accounts payable processes are discordant and unwieldy, with time cycles that take too many important resources and slow companies down, the release states.

Technology 56

Technology Accounts Payable Invoicing Accounting 56

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

The Charity CFO

APRIL 5, 2022

But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting. Though both systems use the same numbers, looking at those numbers differently can give you a very different perspective on the state of your finances.

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

PYMNTS

JANUARY 21, 2019

Corcentric President and COO Matt Clark explained that failing to transform financial functions, like accounts payable (AP) and accounts receivable (AR), can actually stall businesses’ expansion efforts. However, financial transformation is complex. . Through that, you can provide optionality to the supplier.”

B2B 75

B2B Accounts Payable Data Analysis Technology 75