The Charity CFO

MARCH 13, 2025

This ensures accountability and makes audits or donor inquiries easier to manage. Pro Tip: Leverage expense approval tools to ensure all vendor invoices and credit card transactions are reviewed and approved at the appropriate levels. It allows for individual spending cards, built-in approvals, and easy receipt tracking.

Nonprofit 52

Nonprofit Auditing Compliance Leadership 52

https://trustedcfosolutions.com/feed/

MARCH 22, 2023

You can track invoices, payments, and expenses in real time and securely access your financial data from anywhere. OCR technology scans and digitizes your invoices and receipts, making it easier to stay organized. OCR can also extract data from your invoices and reduce the need for manual data entry. Electronic Payment Systems.

Accounts Payable 108

Accounts Payable Accounting Invoicing Reconciliations 108

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

Future CFO

SEPTEMBER 3, 2024

Source-to-Pay (S2P) and Procure-to-Pay (P2P) specialist Valtatech is integrating with Microsoft Dynamics 365 and the Pax8 marketplace to drive Malaysia’s ongoing e-invoicing transformation, according to a press release. The post Valtatech integrates with Microsoft to drive Malaysia’s e-invoicing transformation appeared first on FutureCFO.

Invoicing 52

Invoicing Auditing Economics Securities 52

PYMNTS

APRIL 26, 2020

Accounts receivable (AR) platform SurePayd is responding to the coronavirus pandemic by reducing the costs for its remote migration audit services for the next two months for companies that need to go on the cloud during the crisis, according to a press release. The automation of AR and invoicing has particularly been of interest.

Auditing 56

Auditing Invoicing Accounting Technology 56

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.) Do not expect to walk away from an audit with zero findings.

Auditing 52

Auditing IFRS GAAP Invoicing 52

CFO Share

MARCH 2, 2023

The three most common types of AP fraud are: Fake vendors and invoices fraud Check fraud Expense reimbursement fraud Fake vendor invoice fraud Fake vendor fraud can be perpetrated by your internal accountant or an external con artist. Fake vendor invoice fraud varies in sophistication.

Invoicing 52

Invoicing Accounts Payable Auditing Education 52

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).

Invoicing 46

Invoicing Auditing Accounts Payable Compliance 46

PYMNTS

JANUARY 20, 2021

Among the largest is the ongoing use of paper and manual workflows like invoice processing. Manual invoicing is your worst enemy,” said Ramachandran, highlighting its risks and challenges related to fraud, errors and inefficient auditing.

B2B 125

B2B Invoicing Prioritization Corporate Finance 125

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. Why is Your Nonprofit Being Audited?

Nonprofit 52

Nonprofit Auditing Compliance CFO 52

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. E-invoicing mandate and ESG Reporting add further complexity dimensions to the priorities and challenges faced by the Office of the CFO.

Accounts Payable 52

Accounts Payable Accounting Invoicing CFO 52

PYMNTS

FEBRUARY 6, 2020

That “next step” for CounselLink is the launch of FastTrack , a supply chain financing capability developed with LSQ that enables corporate legal departments to initiate and manage their reverse factoring and discounting agreements with outside counsel and to pay invoices. ” From Cost Center to Strategist. .

Invoicing 52

Invoicing Accounts Payable Finance Auditing 52

The Finance Weekly

DECEMBER 1, 2024

The idea is to compare two sets of records—your internal records (like your company’s general ledger) and external ones (like bank statements or vendor invoices). This creates an audit trail and ensures transparency. Think of it like balancing your checkbook but on a much larger scale. Look for anything that doesn’t align.

Reconciliations 52

Reconciliations Accounting General Ledger Invoicing 52

PYMNTS

DECEMBER 28, 2020

The first is to actually house data in a digital format, which is vital considering the high volumes of paper involved in construction projects, especially in workflows like invoice processing and payments, as well as payroll. At the end of the day, invoice payments are a huge component of the construction process," said Satran. "No

Construction 111

Construction Invoicing Auditing Finance 111

PYMNTS

JANUARY 27, 2017

26) that it is launching Invoice-Link , an app that allows pharmacies to manage invoices submitted by partnering couriers online. The solution imports those invoices, validates the delivery charges on the document and can use that information to generate reports to manage deliveries. The firm said Thursday (Jan.

Auditing 41

Auditing Cash Management Invoicing Finance 41

PYMNTS

JUNE 10, 2020

Bank features will allow freight carriers new B2B payment options such as a new dashboard for better receivables visibility and a way to pay invoices much quicker, according to a June 10 press release. Bank says will expedite things for carriers who work under the typical 45- to 90-day contract pay terms.

Invoicing 52

Invoicing Banking Cash Management Auditing 52

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

PYMNTS

APRIL 8, 2020

To a significant extent, this process remains stuck in the predigital era and is ruled by checks and paper-based invoices, which are often accompanied by weeks-long delays and cash flow problems. The latter allow businesses and vendors to exchange invoicing documents including means of payment via integrated electronic formats.

Invoicing 89

Invoicing Accounts Payable Auditing Securities 89

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. The investment now will save you in the future.

Nonprofit 52

Nonprofit Auditing Compliance Education 52

CFO Talks

DECEMBER 10, 2024

For instance, if the same person approves invoices and processes payments, thats a red flag. The companys internal controls were poorly designed and rarely enforced, allowing fake invoices and inflated revenue to go unnoticed. Conduct periodic audits of key processes and surprise checks in high-risk areas.

Invoicing 52

Invoicing Compliance Reconciliations CFO 52

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

JANUARY 13, 2020

PYMNTS’ examination of recent cases finds employees falsifying invoices, doctoring checks and faking out companies to steal money from employers. million since at least 2011 by generating fake invoices from legitimate vendors, and using company checks that were reportedly doctored to be deposited into her personal account.

B2B 89

B2B Invoicing Currencies Construction 89

PYMNTS

JUNE 14, 2017

Worse, researchers found many companies are using manual processes to audit hotel prices and to use those negotiated rates, making it more difficult for a business to identify when it’s losing out on savings. But that auditing is infrequent, with just 3 percent reporting that they audit this information every week.

Auditing 43

Auditing Invoicing Technology B2B 43

PYMNTS

AUGUST 7, 2020

Unisys has partnered with PayCargo , which works in electronic invoicing and settlements for shipping companies, to deliver a new payments platform for cargo providers that a press release touts as more secure and faster. The platform lets clients have their cargo released the same day.

Securities 102

Securities B2B Auditing Cash Management 102

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

APRIL 22, 2019

Digital payments entity and eCommerce platform Infibeam Avenues and blockchain startup Primechain Technologies have announced a partnership to implement a cross-border blockchain invoicing platform for the $12 trillion global trade finance market.

Invoicing 43

Invoicing Finance Pharmaceutical Auditing 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

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

MAY 16, 2018

In one example, in Kenya, media outlets reported audits have shown that Isiolo County exaggerated its payroll reporting and lost “hundreds of millions of shillings” between the period of 2013 to 2017. In Ireland, three men were arrested by the Garda for their alleged roles in “invoice redirect frauds” that brought the trio 500,000 euros.

Invoicing 40

Invoicing Compliance Benchmarking Auditing 40

The Charity CFO

APRIL 5, 2022

Amount of accounts payable and receivable – If you only have significant unpaid invoices or pending gifts, accrual basis accounting is probably a must to help you accurately understand what you owe to others and what is owed to you. Do you need to undergo an audit? . An annual audit is required by your organization’s bylaws. ??

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

Bramasol

MAY 23, 2024

Previous episodes in this Insights Series have explored the challenges created by new Digital Solutions Economy paradigms for billing, fulfillment, invoicing, revenue accounting, and compliance across a wide range of industries.

Compliance 89

Compliance Accounting SAP Invoicing 89

VCFO

JANUARY 18, 2024

They are paid an average of $1M upfront for each location, book that invoice as deferred revenue, and then recognize the revenue based on the completion of milestones that are spelled out in the contract using the percentage of completion method. Another important element of dialogue can come via audits.

Auditing 79

Auditing Leadership Construction Invoicing 79

Bramasol

FEBRUARY 9, 2024

Service providers need flexible and highly scalable systems that can handle the intricate calculations and billing adjustments required to accurately invoice customers, reducing the risk of errors and disputes. Efficient billing and invoicing processes are crucial to assure a positive customer experience.

SAP 84

SAP Compliance Invoicing Leverage 84

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

MARCH 6, 2019

Furthermore, he noted that workflow might be streamlined across some use cases, and can be automated — such as with generating a SWIFT international transfer, calculating accrued interest, generating invoices for a loan payment, and submitting to the systems of record to ensure accuracy and reconciled data.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

SEPTEMBER 24, 2020

In this month’s Feature Story, Anna Bickford, audit team member for commercial building contractor DPR Construction , explains how cloud-based tools help streamline document acceptance during subcontractor onboarding and enable more efficient invoice and payments tracking. Find the full story in the Report.

Accounts Payable 107

Accounts Payable Construction B2B Pharmaceutical 107

PYMNTS

OCTOBER 28, 2020

OpenEnvoy Launches To Provide B2B Invoice Auditing. To help businesses only pay for what they have agreed to buy, OpenEnvoy has been established to offer invoice auditing without intervention. OpenEnvoy contrasts invoices to originating proposals, purchase orders, estimates or bids. 27) announcement.

B2B 56

B2B Foreign Exchange Accounts Payable Invoicing 56