Future CFO

AUGUST 1, 2023

Supriya Deka: The general features of financial applications include accounting, reporting & analytics, bank reconciliation, billing & invoicing, asset management, budgeting & forecasting, financial risk management, expense tracking, and payroll management.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

JULY 10, 2019

Cross-border commercial payments and FX management firm Cambridge Global Payments said in a press release Tuesday (July 9) that its Invoice Automation Solution is now available as an integrated tool that streamlines the invoice-to-pay process for cross-border transactions.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

MAY 7, 2020

Deepening ties between accounts payable (AP) and accounts receivable (AR) departments will be key to ensuring buyers and suppliers remain viable. Dynamic discounting can mean lucrative discounts on the accounts payable side, and faster payments on the accounts receivable side.

Accounts Payable 60

Accounts Payable SAP B2B Currencies 60

PYMNTS

SEPTEMBER 3, 2020

This week's look at the convergence of accounts payable (AP) and accounts receivable (AR) explores how optimizing one side can have a positive effect on the other. Analysts Eye AR Automation To Mitigate Risk. Accounts receivable isn't the only way to improve the buyer-supplier relationship in the flow of B2B transactions.

Accounts Payable 78

Accounts Payable B2B SAP Accounting 78

CFO Share

JULY 16, 2024

Controllers handle the operational side of financial management, ensuring that the day-to-day accounting functions are carried out accurately and efficiently. They focus on data accuracy and regulatory compliance, rely on regimented processes, and are generally wary of change.

Financial Planning and Analysis (FP&A) 98

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

CFO Leadership

DECEMBER 12, 2022

For example, manual tasks, like accounts payable, can be automated or streamlined. It is among the world’s leading wealth management companies and is a global leader in corporate and investment banking and trading. The company serves approximately 56 million U.S. consumer and small business relationships.

Accounts Payable 95

Accounts Payable Leadership CFO Strategic Planning 95

Future CFO

FEBRUARY 13, 2023

Consign suggests continuing to optimise capital structure through liability management exercises to see if there’s an opportunity to switch financing options with the goal of reducing related costs. He also recommends continuing dialogues with banks that offer market insights to craft good strategies for funding and risk management.

Treasury 98

Treasury Cash Management Restructuring Accounts Payable 98

PYMNTS

OCTOBER 23, 2020

And while investors targeted an accounts payable payments startup as well as another platform designed to help other startups understand their equity, a common theme this week was investment in risk mitigation capabilities. This week's B2B Venture Capital roundup saw more than $76 million in new funding.

B2B 63

B2B Startups Accounts Payable Compliance 63

CFO Simplified

SEPTEMBER 16, 2022

Today, we want to introduce one high-level principle that should be used within any business to manage, direct and control the outflow of cash: The “three-way match ” or “triple match.”. Internal Controls and Risk Management in a Business. One of the more challenging elements of running any business is risk management.

Accounts Payable 52

Accounts Payable Invoicing Risk Management Accounting 52

PYMNTS

AUGUST 13, 2019

Brexit-related volatility and the subsequent fluctuation of the pound has some businesses realizing they are no longer able to put off establishing an FX risk management strategy. At the same time, however, these events also raise awareness as to the importance of currency risk management and hedging strategies.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

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

Future CFO

FEBRUARY 26, 2025

Automate Financial Processes Leverage AI-driven tools to streamline accounts payable, receivable, and expense management. Enable Intelligent Reporting Generate AI-powered financial reports and insights using Microsoft Copilot, reducing manual workload and improving decision-making.

Accounts Payable 52

Accounts Payable Leverage Risk Management Budgeting 52

PYMNTS

SEPTEMBER 14, 2018

The group is focused on addressing issues like payments friction and access to cash flow, as well as security and risk management of ACH payments. B2B payments today cause many significant challenges for AP/AR [accounts payable/accounts receivable] departments.

B2B 49

B2B Accounts Payable Vendor Management Risk Management 49

PYMNTS

MARCH 29, 2019

Equity investments reigned this week, thanks to backing for accounts payable (AP) automation firm MineralTree and treasury management company Kyriba , but it was the logistics market that saw the largest venture capital round — and secured another unicorn for the B2B startup space. MineralTree. Existing backers.406

B2B 53

B2B Startups Accounts Payable Treasury 53

PYMNTS

SEPTEMBER 20, 2018

That shift caused delays in invoicing by one or two months, he noted, resulting in a need for TruckMate to introduce an automated accounts receivable solution that could better address the needs for players that have existing subcontracts with chassis pools. “That’s a huge trend.” ”

Accounting 63

Accounting Invoicing Accounts Payable Transportation 63

PYMNTS

APRIL 21, 2016

A cross-border payments company and an accounts payable solutions provider have joined forces, meshing their tools together to ease friction in global B2B payments.

Accounts Payable 40

Accounts Payable Foreign Exchange B2B Invoicing 40

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. Digital banking saw four new customers, with one of those firms signing up for payments, cash management and cyber fraud risk management. percent to $108.1

Banking 43

Banking Accounts Payable Healthcare Treasury 43

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. Widespread use of APIs and automation will mean more proactive risk management, a hard pivot to tokenization, and sunsetting the paper and batch world.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

Future CFO

AUGUST 19, 2021

Within the finance/accounts department, the top three functions where intelligent automation is implemented are accounts payable (61%), accounts receivable (57%) and budgeting/FP&A (51%). Intelligent automation is least used in risk management (24%), tax (20%), and treasury (14%).

Accounts Payable 40

Accounts Payable Treasury Risk Management Reconciliations 40

CFO Talks

MARCH 20, 2024

Accounting Responsibilities: Both the CFO and Controller collaborate on overseeing the annual audit, ensuring thoroughness and compliance. The Controller is primarily responsible for the meticulous handling of accounts payable and receivable, including the timely payment of invoices and the collection of monies owed.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

PYMNTS

MAY 18, 2017

What we find is a lot of clients out there have multiple systems to perform these capabilities,” he said, in reference to financial, trading and risk management systems. And all of that data, from risk management to accounts payable platforms, have created silos.

Treasury 40

Treasury Cash Flow Forecasting Risk Management Communication 40

PYMNTS

SEPTEMBER 27, 2019

Although Everledger’s distributed ledger technology first targeted the diamond supply chain, reports said the company has expanded into other markets, including luxury goods and fine wine, with a focus on traceability, validation and risk management for its business users. Engage:BDR.

B2B 59

B2B Accounts Payable Startups Advertising 59

PYMNTS

JUNE 25, 2020

Optimizing payment channels to pay vendors is one example in which an organization using paper checks may need to consider commercial card and virtual card adoption to not only ensure accounts payable (AP) can continue to operate while working from home, but also to elevate spend strategy by taking advantage of capital float and card program rebate.

Cash Flow Forecasting 60

Cash Flow Forecasting Planning Treasury Forecasting 60

PYMNTS

MARCH 4, 2020

In a statement, a spokesperson for Amex said the company has “rigorous, multilayered monitoring and independent risk management processes in place, which we continuously review and enhance to ensure that all sales activities conform with our values, internal policies and regulatory requirements.”

Accounts Payable 56

Accounts Payable Reconciliations Risk Management Finance 56

The Finance Weekly

OCTOBER 13, 2021

A collaborative approach can also vastly improve risk management. With their detailed view of internal processes (and related internal controls), FCs are well positioned to identify and communicate risk to the C-Suite before a potential problem becomes an actual crisis.

Financial Planning and Analysis (FP&A) 52

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

Michigan CFO

JUNE 7, 2023

Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. Understanding the Role of a CFO A CFO is a high-level executive responsible for overseeing the financial activities of an organization. What are the services of a virtual CFO?

CFO 52

CFO Problem Solving Budgeting Financial Systems 52

PYMNTS

APRIL 10, 2018

Accelerated digitization and innovation, plus regulatory shifts and geopolitical factors, are all challenging the enterprise’s ability to identify and assess these risks, too, Makuch said. A Sea of Data. Suplari recently landed investor support for its AI technology that addresses these issues in the form of $10.3

Accounts Payable 49

Accounts Payable Analyzing Data Leverage Accounting 49

Beacon CFO Plus

JUNE 16, 2023

Regardless of how simple or well known your business processes are, there is value in creating written policies and procedures for both management as well as employees. User rights should be reviewed at least annually and preferably more frequently to align the business purpose for the access granted to each user.

Accounts Payable 52

Accounts Payable CFO Auditing Cash Management 52

Boston Startup CFO

APRIL 3, 2023

In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions. This includes managing invoices, receipts, and payments, as well as reconciling bank statements. A disorganized bookkeeping system causes the rest of the financial accounting hierarchy to be unsound.

Accounting 52

Accounting Accounting Principles GAAP Startups 52

CFO Simplified

DECEMBER 12, 2021

Accounting focuses on the day-to-day flow of money in and out of a business. . Accounting teams are responsible for: Invoicing. Recording and paying accounts payable invoices. Reconciling accounts. The accounting team provides income statements, balance sheets, and cash flow statements. Creating reports.

Accounting 52

Accounting Finance Cash Flow Forecasting Quantitative Analysis 52

The Charity CFO

JULY 19, 2024

Their primary role is to ensure that all transactions are entered into the accounting system with accuracy and consistency. Thus, the nonprofit CFO carries the most significant responsibility out of the three by overseeing the entire financial strategy and management of the nonprofit.

CFO 52

CFO Accounting Nonprofit General Ledger 52

Michigan CFO

SEPTEMBER 14, 2023

SoD is a risk management strategy that divides critical financial tasks among various individuals. In the business world, efficient and accurate processes are essential to smooth operations and safeguarding against potential fraud or errors. An integral part of this is the concept of “Segregation of Duties” (SoD).

Accounts Payable 52

Accounts Payable Management Consulting Reconciliations CFO 52

PYMNTS

OCTOBER 10, 2018

The tactic is becoming more sophisticated as scammers are able to hack into employee email accounts to better mimic the voice and tone of emails sent to accounts payable professionals. “More than ever, though, KYC [Know Your Customer] and risk management are critical to protect a financial institution and its customers.”

B2B 46

B2B Accounts Payable Compliance Accounting 46

PYMNTS

DECEMBER 20, 2017

Invoice Automation Solutions adds to the services already offered by Global Exchange, which include cross-border payment services, foreign exchange (FX) risk management and the integration of these services into existing accounting and enterprise resource planning (ERP) systems. “We

Invoicing 46

Invoicing Foreign Exchange Risk Management Accounting 46

Cube Software

MAY 11, 2023

It’s also useful for risk management as it helps anticipate any financial challenges on the horizon, giving companies enough time to change course or correct any errors. Most business owners will want to forecast things like cash, accounts receivable, accounts payable and net income.

Sales 52

Sales Financial Planning and Analysis (FP&A) Forecasting Accounting 52

CFO Talks

MARCH 19, 2024

The CFO needs to consider how AI can be leveraged not just for automating routine tasks, but also for providing deeper insights into financial forecasting, risk management, and strategic decision-making. The CFO evaluates and implements technological solutions that automate routine tasks, streamline workflows, and reduce errors.

CFO 52

CFO Communication Finance Budgeting 52

PYMNTS

JANUARY 5, 2017

Simply put: Crooks love checks,” Mike Vigue, VP of product strategy, cyberfraud and risk management at B2B payments company Bottomline Technologies, told PYMNTS. Researchers champion digital payments as a way to combat the security, speed and efficiency problems associated with paper checks.

B2B 40

B2B Reconciliations Corporate Finance Risk Management 40