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). “It’s not only the economics that are being optimized” by accepting cards, Leavitt said.

Economics 104

Economics Accounts Payable B2B Reconciliations 104

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

CFO Simplified

NOVEMBER 28, 2022

It’s just a bunch of numbers, right? This information is critical for a number of reasons that we’ll explore in this article. Here is probably the largest single asset in your company, and if you’re not making sure that those numbers are correct, you’re missing a very important reconciliation that you need to do. .

General Ledger 98

General Ledger Accounts Payable CFO Reconciliations 98

The Charity CFO

APRIL 29, 2022

The audit firm will come in to review your final end-of-year numbers and all the documentation they need to complete your audit. That means keeping your paperwork organized, staying current on your reconciliations, tracking restricted funds , and accurately recording all your expense and revenue transactions each month.

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

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. Once you start sharing your spreadsheet across your organization, you open up your sensitive information — and, as a result, your entire business — to serious security risks.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

PYMNTS

JANUARY 20, 2021

In the case of Tango, which manages employees reward programs like this, the point is to provide employers with a full reconciliation of their purchases at the end of the year. We’ve talked to a number of companies that brought it up,” Salvione said. We’ve talked to a number of companies that brought it up,” Salvione said.

Accounts Payable 93

Accounts Payable Reconciliations Budgeting Finance 93

PYMNTS

MAY 4, 2020

Office closures and remote working mandates have created an uncomfortable wakeup call for accounts payable (AP) and accounts receivable (AR) departments that continue to rely on manual, paper-based processes. For both sides, the transaction data of a virtual card payment means streamlined reconciliation and reporting.

Invoicing 66

Invoicing Accounts Payable B2B Reconciliations 66

PYMNTS

DECEMBER 2, 2020

Mark Aquilina , senior vice president of product and strategy at WEX , told PYMNTS that’s partly because digitization of accounts receivable (AR) lags behind that of accounts payable (AP) on the technological front. Fragmentation also creates pain points for suppliers.

B2B 79

B2B Invoicing Accounts Payable Reconciliations 79

PYMNTS

OCTOBER 2, 2019

As payments giants like Visa and Mastercard shift the innovation spotlight onto B2B transactions, developers of new accounts payable solutions are ushering in a growing trend: designing payment tools not just for the payer, but for the B2B supplier as well. Discover Targets Reconciliation Data. Vroozi Pay Eyes Vendor Relations.

Accounts Payable 52

Accounts Payable B2B Invoicing Reconciliations 52

PYMNTS

JUNE 9, 2020

With accounts payable (AP) departments no longer able to step into their offices to print, sign and send checks, supplier payments quickly moved to the center of companies’ modernization discussions. But according to Anderson, there are other ways corporates can further mitigate the friction of modernizing accounts payable.

Accounts Payable 53

Accounts Payable Accounting Reconciliations CFO 53

PYMNTS

JANUARY 30, 2020

These 16-digit credit card numbers are created for one-time purchases at set amounts, and the convenience, security and speed they provide are allowing them to take hold in the B2B payments space. Virtual card numbers (VCNs) make payments easily trackable, and enable reliable data capture, helping merchants to reconcile payments.

B2B 71

B2B Invoicing Accounts Payable Reconciliations 71

Global Finance

JULY 26, 2024

With over 400 out-of-the-box composable business capabilities and digital journeys, including accounts payable (A/P) and receivable (A/R), banks can quickly create tailored, segment-specific applications and services for their customers and employees: from onboarding to origination, servicing, and investing.

Cash Management 111

Cash Management Treasury Foreign Exchange Banking 111

https://trustedcfosolutions.com/feed/

FEBRUARY 11, 2023

Sage Intacct and more modernized systems are building the foundation for continuous accounting without the need for ongoing work — data calculations, reconciliations, and the collection of financial information — from your finance staff. Have questions about how you can improve the accuracy of your numbers and shorten the close cycle?

Accounts Payable 62

Accounts Payable Reconciliations Leverage CFO 62

PYMNTS

AUGUST 9, 2017

In an effort to help corporate buyers get on board with electronic payments in their accounts payable departments, B2B payments company WEX is launching a new platform to support the shift. 8) that it is rolling out an Integrated Payables application, a cloud-based, bank-agnostic tool that supports electronic payments in AP.

Accounts Payable 43

Accounts Payable B2B Reconciliations Accounting 43

The Charity CFO

FEBRUARY 4, 2022

Prepare bank reconciliations. Allocate revenue and expenses to restricted fund accounts . Prepare the data accountants used to create income statement, balance sheet, and cash flow statement. Record and classify payments and bank transfers . Organize and maintain receipts . Create invoices for goods, services, and donations.

Nonprofit 98

Nonprofit Invoicing General Ledger Accounting 98

PYMNTS

FEBRUARY 25, 2020

B2B payments’ innovation trajectory continues to accelerate as more end-point solutions emerge to improve the vast number of friction points in the industry.

B2B 69

B2B Accounts Payable General Ledger Reconciliations 69

PYMNTS

OCTOBER 28, 2020

Expense management and accounts payable (AP) automation company Emburse has rolled out Emburse Cards and Tallie Travel to offer a simple way for clients to handle their travel and out-of-pocket expenditures, according to a Wednesday (Oct. 28) announcement. In addition, employee card managers can supervise spend at a detailed level.

Accounts Payable 49

Accounts Payable Reconciliations Currencies Accounting 49

PYMNTS

SEPTEMBER 20, 2018

In terms of mechanics, a single-use account means that each supplier payment is tied to a virtual account number, and the credit limit is set to the amount that is dictated by each payment. The Friction Points Hindering Adoption.

Accounts Payable 76

Accounts Payable Invoicing Reconciliations B2B 76

The Charity CFO

MARCH 2, 2022

And then of course, funders change their mind or the accounting rules have changed over the last few years for nonprofits. A couple things actually, number one, that we’ve alluded to transition in leadership. Um, it triggers in which they realize, wow, our accounting is not on track. It’s a capacity issue.

Nonprofit 98

Nonprofit Auditing Reconciliations Accounting 98

CFO Simplified

APRIL 8, 2022

She did payroll, accounts payable, invoicing and cash receipts. Take the three primary cash responsibilities—accounts payable, accounts receivable, and payroll—and cross train others so that they can take over if needed. Bank reconciliations should be reviewed by management.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Reconciliations Forecasting 52

PYMNTS

DECEMBER 12, 2019

That’s surprising for several reasons, and here’s a good one: nearly 70 percent of accounts payable (AP) professionals say suppliers value payments speed above all. HSBC’s new bank guarantee app is designed to clear a number of cross-border payments hurdles.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

CFO Talks

JANUARY 30, 2023

Increased automation of financial processes such as accounts payable, bank reconciliations, financial closes and reporting is freeing up the CFO’s time, enabling them to focus their energies on analysis and storytelling rather than crunching numbers.

Finance 52

Finance Accounts Payable CFO Forecasting 52

PYMNTS

JANUARY 14, 2020

In this sense, RTP may be seen as an integral part of wider efforts to streamline treasury and accounts payable operations, as well as shed the inefficiencies of manual and paper-based processes. percent), improved reconciliation with enhanced data (76.7 percent), 24/7 year-round service (76.9 percent in 2018. percent in 2018.

Accounts Payable 53

Accounts Payable Reconciliations Construction Treasury 53

PYMNTS

APRIL 12, 2016

The virtual card has gained attention in recent years for its ability to not only digitize corporate payments but to safeguard them, often coming in the form of a one-time-use card number designated for a specific purchase category and value. Speaking of the AP professional, that’s the third benefit: streamlined accounts payable processes.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

JUNE 22, 2017

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

Accounts Payable 48

Accounts Payable Invoicing Auditing Reconciliations 48

PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. Moving forward, he continued, this will be the force driving B2B payments innovation. ”

B2B 65

B2B Foreign Exchange Accounts Payable Reconciliations 65

PYMNTS

MARCH 10, 2020

But this category of software has, in recent years, evolved within silos as technology providers tackle particular spend scenarios like accounts payable (AP) and employee expenses.

Accounts Payable 58

Accounts Payable General Ledger Budgeting Reconciliations 58

PYMNTS

FEBRUARY 5, 2020

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. When every invoice is fully accounted for within a firm, he explained, financial professionals gain insight into the real sources of revenue — as measured against costs.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

NOVEMBER 8, 2018

A single-use Barclaycard credit card number is created to pay the supplier, which is followed by automatic reconciliation. That deal sees Barclaycard issuing the virtual cards used in the Coupa Pay solution when businesses submit their purchase orders on the platform.

Invoicing 65

Invoicing Reconciliations B2B Finance 65

PYMNTS

SEPTEMBER 12, 2018

We found that by helping large corporates de-risk their supply chains with their accounts payable and reconciliation processes, we were able to leverage the relationship with their supplier network to reach a large number of suppliers,” he told PYMNTS about how Portal links up with multiple members of a single supply chain.

Finance 40

Finance Accounts Payable Invoicing Reconciliations 40

PYMNTS

JUNE 9, 2017

In corporate accounting, accounts payable and B2B payments, traditional FIs are slowing down innovation that could one day bring these areas up to speed with corporate payments, the executive explained. But electronic and automated payments are just one side of the overall friction in accounts payable, Dahl said.

Accounting 43

Accounting Technology Accounts Payable Invoicing 43

The Finance Weekly

MARCH 13, 2022

Over the last decade, the amount of capital deployed worldwide by venture capital investors and the number of start-ups receiving funding have grown substantially. It combines accounts payable automation, software-enabled corporate cards, and employee expense reimbursements.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Investments CFO Accounts Payable 52

PYMNTS

DECEMBER 15, 2017

On a good day, managing the ebb and flow of supply chains, accounts receivable and accounts payable can be challenging; on a bad day, juggling all those spinning plates becomes a nightmare. Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

PYMNTS

JULY 17, 2018

“Paper can be cumbersome for travelers and accounts payable teams, who often need to delay payments because required back up detail is missing. The tool enables companies to pay travel suppliers with a single use virtual card number. ”

Accounts Payable 40

Accounts Payable Reconciliations Data Analysis Technology 40

PYMNTS

JANUARY 19, 2017

The virtual card number is a really great technology when you have thousands of payments going out on a daily basis,” she explained. “It That “smaller risk footprint,” she said, combines with automatic reconciliation of payments and greater transparency in payment activity.

B2B 46

B2B Accounts Payable Reconciliations Securities 46

PYMNTS

JANUARY 26, 2018

According to research released by Right Networks last year, corporate accountants are eager to embrace FinTech, as the ability to access company data “anywhere, anytime” ranked as their number one priority, driving cloud adoption among this profession. Open Banking initiatives in the EU, U.K.,

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47