PYMNTS

AUGUST 19, 2019

Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees. Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly.

Auditing 56

Auditing Accounts Payable Invoicing Healthcare 56

Future CFO

FEBRUARY 2, 2025

E-invoicing mandate and ESG compliance add further complexity dimensions to the priorities and challenges faced by the Office of the CFO. Office of the CFO must navigate these varying regulations and ensure that AI solutions comply with local laws to avoid non-compliance and potential penalties.

Accounts Payable 52

Accounts Payable Accounting Invoicing CFO 52

CFO Talks

OCTOBER 3, 2024

Actionable Preventive Steps: Establish Strong Governance : Set up an independent audit committee to oversee financial reporting and ensure that internal audits are performed regularly. Unfamiliar Vendors : Be wary of invoices from vendors that don’t appear in your approved vendor list or who are not fully vetted.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

PYMNTS

SEPTEMBER 20, 2016

In the latest installment of Flywire ’s podcast series on Global Citizens and the top characteristics of x-border payment processors , we take a look at the compliance, rules and regulation side of getting high-ticket international payments from Point A to Point B.

Compliance 71

Compliance Education Auditing Securities 71

PYMNTS

MARCH 28, 2019

Automated expense report auditing company AppZen is introducing a new spend auditing platform to analyze supplier invoices using artificial intelligence (AI). “The major takeaway from this data is not that employees in certain industries commit more fraud,” AppZen noted at the time. ”

Invoicing 46

Invoicing Auditing Accounts Payable Compliance 46

CFO Share

NOVEMBER 15, 2023

Embarking on your first financial audit can be nerve-wracking. This article includes small business accounting tips to prepare for an audit while minimizing its expenses and findings. An audit evaluates: Compliance with accounting standards (GAAP or IFRS.) Risks of fraud or non-compliance.

Auditing 52

Auditing IFRS GAAP Invoicing 52

The Charity CFO

AUGUST 23, 2024

Download the Article For nonprofits, audits are more than just a regulatory requirement–they’re a tool for safeguarding the organization’s mission and financial health. An audit helps improve an organization’s financial transparency, builds donor trust, and ensures compliance with regulations. Pre-Audit Prep 1.

Nonprofit 52

Nonprofit Auditing Compliance CFO 52

Future CFO

MARCH 27, 2025

Leslie Joseph , principal analyst at Forrester , believes companies must go beyond compliance checkboxes and implement robust data governance in connection with the release of the EU AI Act, as regulations will evolve, but finance teams that embed strong data and AI governance today will gain a long-term competitive edge.

Compliance 52

Compliance Financial Planning and Analysis (FP&A) Forecasting Financial Analysis 52

PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders.

Compliance 58

Compliance Marketing Currencies Corporate Finance 58

E78 Partners

SEPTEMBER 21, 2023

Audits, while essential for maintaining the integrity and trustworthiness of an organization’s financial reporting, can be a daunting task. This is not just because of the intricacies and specificities required by the auditing standards but also due to the numerous challenges faced by organizations in the run-up to an audit.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

The Charity CFO

NOVEMBER 30, 2023

Does the idea of an audit from the IRS leave you with sweaty palms? Most nonprofit leaders aren’t accountants and the thought of getting audited is a sizable fear. Luckily, being prepared can help you avoid accounting mistakes that could come up in a nonprofit audit. These penalties can be crushing for nonprofits.

Nonprofit 52

Nonprofit Auditing Compliance Education 52

The Charity CFO

FEBRUARY 4, 2022

Create invoices for goods, services, and donations. Enter bills and vendor invoices. Let’s take a deeper look at the four key bookkeeping tasks: payroll, invoicing, expense allocation, and recording business transactions. . Invoicing . Even if your nonprofit isn’t selling anything, you’ll still need to process invoices.

Nonprofit 98

Nonprofit Invoicing General Ledger Accounting 98

PYMNTS

SEPTEMBER 10, 2019

In a statement, Coatue Management Senior Managing Director Thomas Laffont said that artificial intelligence (AI) enables AppZen to deploy more sophisticated analytics and automation within its expense management solution, which allows businesses to assess expenses, automate expense report audits, and identify savings opportunities. “AI

Auditing 43

Auditing Accounts Payable Invoicing Compliance 43

PYMNTS

OCTOBER 27, 2016

. “Our newest blockchain certification product demonstrates our continued commitment to help enterprises leverage the cutting-edge and digital native technology to improve their payment, invoice and billing process,” said PayStand CEO Jeremy Almond in a statement. ” . ”

B2B 75

B2B Auditing Invoicing Securities 75

The Finance Weekly

DECEMBER 2, 2024

We found that the biggest unspoken challenge weighing down finance teams is still manual Excel processes. These processes vary.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Data Analysis Financial Modeling 52

PYMNTS

MAY 16, 2018

May marks the debut of new compliance efforts – key among them, of course, GDPR (which covers Europe but touches these shores), and as of last week, new customer due diligence mandates. . The report recommends a collaborative approach among information security and compliance team members.

Invoicing 40

Invoicing Compliance Benchmarking Auditing 40

PYMNTS

APRIL 10, 2019

Corporates’ biggest procure-to-pay challenges often center around the friction of streamlining data flows and the movement of money, from sourcing and purchase order submission to invoice payment and reconciliation. Yet, as supply chains expand across borders, a new burden has landed on procurement teams’ shoulders: compliance.

Compliance 55

Compliance Invoicing Auditing Accounts Payable 55

PYMNTS

OCTOBER 24, 2019

HRS CEO Tobias Ragge said in the announcement, “As we’ve piloted with integrated hotel payment solutions around the world in recent years, the program compliance metrics are clear.” He continued, “When our clients use our payment solutions, we’ve seen hotel compliance rise by on average 23 percent.

Compliance 40

Compliance Auditing Invoicing eCommerce 40

Future CFO

APRIL 15, 2024

The new technological advancement paves way for powerful insights and trends to help out finance professionals to streamline audits and boost risk management and compliance. The functionality enables new and actionable visibility into companies’ journal entries and process and allows for dynamic KPI trending.

Finance 52

Finance Auditing Compliance Risk Management 52

PYMNTS

AUGUST 9, 2020

The service will “drive the efficiency of purchasing, invoicing and auditing for both members and suppliers of CHAMPS GPO,” the release says. In addition, CHAMPS’ vendor community will be offered faster invoicing processes to make sure they’re streamlined and consistent month to month.

Invoicing 58

Invoicing Compliance Auditing Marketing 58

PYMNTS

FEBRUARY 19, 2018

It involves managing payments, managing issues with payments, invoice processing, reconfiguration … there are whole processes that go into executing payables … and yet this is a part of the organization that has remained less automated, less invested in software for a very long time.”.

Auditing 51

Auditing Accounts Payable Currencies Accounting 51

PYMNTS

MARCH 27, 2019

But lengthy payment terms and missed invoice payments are not the only risk that B2B suppliers face, as recently showcased in the U.K. At the core,” she continued, “there was inadequate governance to oversee and manage Code compliance.”. Further, Co-op has introduced employee training to promote compliance. “We

Compliance 56

Compliance Invoicing Construction Auditing 56

Future CFO

JANUARY 26, 2024

Systems powered by artificial intelligence are without a doubt revolutionising invoice processing in finance departments. There are nine ways AI-powered systems can transform invoice processing in Accounts Payable (AP) departments. This ensures that invoices move through the approval chain efficiently and minimises bottlenecks.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Accounting Invoicing 52

PYMNTS

DECEMBER 6, 2020

Through 100 percent invoice integration, the service boasts improvements to savings, and offers a compliance audit feature that can help vendors cut spending.

Investments 60

Investments Healthcare Compliance Auditing 60

E78 Partners

MAY 8, 2024

It provides dashboards and reports for tracking SLA compliance and performance metrics. Compliance and Audit: ServiceNow helps in ensuring compliance with regulatory requirements and internal policies related to telecom expenses.

Leverage 52

Leverage Compliance Auditing Invoicing 52

PYMNTS

JULY 8, 2019

The company has now chosen Sovos to help it meet the upcoming changes in the compliance sector. Sovos’ unique global solution for e-invoicing compliance and its blend of deep legal and technical expertise made it the best-fit partner for Onyx,” Mark Dubrow, Onyx chief executive officer, said in a press release.

Compliance 46

Compliance Invoicing Auditing B2B 46

E78 Partners

APRIL 26, 2024

E78 uses an evidence-based methodology to validate telecom inventory by combining time-tested process, tailor-made auditing BI and the best experts in the field. Our clients who already have a TEM today can still achieve average savings of 15%-30% from E78 audits and 30%-50% from E78 sourcing and advisory services work.

Technology 64

Technology Benchmarking Auditing Invoicing 64

PYMNTS

APRIL 10, 2018

PO matching ensures that a PO has already been established and approved for the vendor before an invoice is received so organizations can be sure they’re paying out the correct amount. Israch said Tipalti has rolled PO matching and multi-entity into its existing NetSuite integration following the receipt of its NetSuite certification.

Accounts Payable 53

Accounts Payable Invoicing Auditing Startups 53

PYMNTS

NOVEMBER 20, 2020

While expanding internationally is the easy part, the challenge often comes in the back-office financials like invoicing , cross-border payments, accounting and reconciliation. Come auditing and tax time, maintaining compliance with all of the varying local regulations across different geographies adds an extra layer of complexity.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

DECEMBER 7, 2020

Through 100 percent invoice integration, the service boasts improvements to savings, and offers a compliance audit feature that can help vendors cut spending. ImagineTime, Mango Billing Partner On Digital Accounting. MonetaGo, GUUD Team On Secure Transactions.

B2B 63

B2B Finance Practice Management Invoicing 63

PYMNTS

NOVEMBER 10, 2017

Especially for businesses that rely on manual expense reports, management and auditing processes, an employee that fudges a dollar amount here and there, or a worker who accidentally submits an expense report twice, mean companies can easily fall victim to fraud, both intentional and unintentional.

Accounts Payable 44

Accounts Payable Auditing Invoicing Compliance 44

CFO Talks

SEPTEMBER 17, 2024

For CFOs, ensuring that financial data is accurate, secure, and easily accessible is essential to driving sound decision-making and maintaining regulatory compliance. Regular Updates and System Audits Technology changes fast and staying up-to-date is crucial for maintaining system security and efficiency.

Financial Reporting 52

Financial Reporting Auditing CFO Compliance 52

PYMNTS

AUGUST 18, 2017

Israch said that tasks as far ranging as supplier management, invoice processing and regulatory compliance can be managed through Tiaplti’s AP Hub. CMO Rob Israch describes the AP Hub as a central place where every aspect of payments is brought into one central cloud-based location. and overseas.”.

Accounts Payable 46

Accounts Payable Invoicing Compliance Auditing 46

PYMNTS

AUGUST 21, 2019

As he told PYMNTS, those steps include manual sorting of invoices, sales orders and supporting documents – and, more importantly, the manual entry of data from these documents. But they still need to be processed as a paper invoice.” But, as he noted, procure-to-pay processes involve manual labor across several steps.

Accounts Payable 46

Accounts Payable Invoicing Financial Systems Compliance 46

PYMNTS

DECEMBER 21, 2020

Through invoice integration, the service boasts improvements to savings and offers a compliance audit feature that can help vendors cut spending. Fenton said Serent has an advantage in understanding the healthcare vertical. “In

B2B 79

B2B Healthcare Investments Credit Risk 79

PYMNTS

NOVEMBER 2, 2018

As legal cannabis spreads, the industry is a big opportunity for FinTech, as industry players struggle to manage intense compliance requirements and limited access to traditional financial services. based B2B software-as-a-service and data solutions provider focusing on supporting corporates’ compliance and anti-fraud efforts.

B2B 75

B2B Startups Investments Compliance 75

PYMNTS

NOVEMBER 29, 2019

There are 12,000 jurisdictions, Peterson told PYMNTS – and that’s the easy part of grappling with tax compliance. You can bet, however, that they take the time to read through communications from tax authorities indicating that they are being audited or that they owe back taxes. The hard part? Then the scrambling begins.

eCommerce 53

eCommerce Auditing Sales Education 53