PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. The audit trail provides transparency, and smart contracts, tied as they are to permissions, help reduce the risk that cash might “accidentally” be sent to the wrong party.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

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

Future CFO

OCTOBER 2, 2024

In the audit space, AI offers enhanced capabilities for data analysis – enabling auditors to process information and identify outliers or anomalies more efficiently. One third (33%) of the surveyed organisations have already implemented AI solutions in this domain – signalling a strong focus on enhancing insight through advanced analytics.

Accounting 52

Accounting Data Analysis Accounts Payable Auditing 52

The Charity CFO

MARCH 6, 2024

Red Flag #1: Bank Account Reconciliation Whether the business is accrual or cash basis, it does not matter. Reconciliation is necessary and the bare minimum for successful completion of the accounting role. Once these have been transferred into the accounting system, QuickBooks for example, reconciliation is the next step.

Nonprofit 59

Nonprofit Accounting Reconciliations Invoicing 59

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

Streamlines invoicing and payment processes help you get paid faster and reduce the time it takes to close out the month. Allows user-defined workflows to improve efficiency, compliance, and transparency, providing consistent audit trail visibility. Customize Your Chart of Accounts With Dimensions.

General Ledger 62

General Ledger Reconciliations Accounting Standards Leverage 62

PYMNTS

JUNE 22, 2017

Finding where those errors are via manual auditing can be a headache, too. One reason why it’s so difficult for an AP department to catch a duplicate invoice is that they aren’t always exact copies of each other. “If If a supplier has set up electronic invoicing but they also send through a paper invoice,” for instance, Thompson said.

Accounts Payable 48

Accounts Payable Invoicing Auditing Reconciliations 48

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. ” Electronic invoicing requirements are one example of markets’ heightening focus on tax compliance.

Compliance 55

Compliance Invoicing Auditing Accounts Payable 55

E78 Partners

MAY 8, 2024

Validation and Reconciliation: Once categorized, the telecom expenses are validated against predefined benchmarks or budget allocations. Reconciliation may involve cross-checking billing details with service contracts and usage records. Discrepancies or outliers are investigated to ensure accuracy and integrity of the data.

Leverage 52

Leverage Compliance Auditing Invoicing 52

The Finance Weekly

APRIL 13, 2024

While personal finance applications often focus on budgeting and tracking investments, business finance applications are enriched with additional functionalities, such as invoicing and inventory management, to support a wider range of business operations.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

Future CFO

NOVEMBER 5, 2019

The technology also leaves a positive impact on the audit process because the technology can create clear audit trails which makes it easier to meet compliance obligations, Johnston noted. To make these tools more accurate in document recognition and data extraction, finance functions need to train them with many sample documents.

Finance 52

Finance Invoicing Auditing Reconciliations 52

CFO Simplified

DECEMBER 26, 2021

As you audit your accounting and finance departments, you may find there are some key roles missing from your business that could be negatively impacting your company’s bottom line. The controller will set the schedule for how often they invoice, pay bills, or run payroll. Roles and Responsibilities. Bookkeeper.

Finance 52

Finance General Ledger CFO Auditing 52

Adam Kae

MAY 30, 2023

Just as marketing automation has transformed the way we engage with our target audience, financial automation empowers us to simplify and streamline various financial tasks, including invoicing, expense tracking, and reporting. This ensures prompt payments, minimizes human error, and enhances cash flow management.

Marketing 52

Marketing Invoicing CFO Reconciliations 52

CFO Talks

SEPTEMBER 17, 2024

A construction company with projects in different provinces can have a cloud-based financial reporting system that allows site managers to upload expenses and invoices in real-time, ensuring that headquarters can consolidate project costs without delays. Regularly audit and update your IT systems to ensure they remain effective and secure.

Financial Reporting 52

Financial Reporting Auditing CFO Compliance 52

PYMNTS

NOVEMBER 22, 2016

“Things like digital invoicing, virtual cards and cloud-based finance and accounting will help the bottom line of smaller businesses by enabling them to process and receive payments quickly,” he stated. ” The Asia-Pacific region has also witnessed a migration away from cash, but it’s not just happening among consumers.

B2B 65

B2B B2C Vendor Management Reconciliations 65

Future CFO

MARCH 27, 2025

Over the last several years, technologies like Robotic Process Automation and Intelligent Document Processing have streamlined invoice processing, expense management, and reconciliation tasks, resulting in reducing errors and freeing up finance professionals to focus on strategic decision support rather than administrative work," he says.

Compliance 52

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

PYMNTS

OCTOBER 9, 2019

That friction is all about data, and the freight bill audit pay process that involves analyzing a carrier’s invoice to assess its accuracy. Visibility is a big part of the value prospect and plays into carriers being able to make invoice-level, quick-pay decisions,” he said.

B2B 46

B2B Auditing Invoicing Reconciliations 46

CFO News Room

NOVEMBER 2, 2022

RIA Fee Itemization And Surprise Custody Audits. Sends the client an invoice or statement itemizing the fee. This is why most advisers do not collect more than $1,200 in fees per client, 6 months or more in advance, so as to avoid the requirement to prepare and publicly report their balance sheet.

Compliance 130

Compliance GAAP Investments Advertising 130

PYMNTS

SEPTEMBER 7, 2018

Yoco provides businesses with payment management and auditing services, targeting SMBs that struggle to get off cash and paper documents. Italy-based CashMe links businesses to invoice financing, enabling SMBs to upload unpaid invoices onto the platform to get funded. Reports said Portal is preparing to close a $2.5

B2B 43

B2B Invoicing eCommerce Reconciliations 43

CFO Talks

MARCH 20, 2024

Example: When it’s time for an audit, the Controller is hands-on, working directly with the auditors, showing them the books, and explaining the details. The CFO, on the other hand, talks strategy with the audit partner and handles any big issues that pop up.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

CFO Plans

SEPTEMBER 24, 2024

Whether it’s managing accounts receivable and payable, preparing financial statements, or conducting audits, customized accounting solutions ensure that small businesses receive the support they need to thrive. Customized accounting solutions offer tailored services that address the specific needs of each business.

CFO 52

CFO Startups Tax Planning Accounting 52

PYMNTS

FEBRUARY 13, 2018

Software that manages invoices has existed for decades, but Tipalti takes an alternate approach: Its offering automatically processes the payments. “If If you don’t remit payments, someone else has to — probably manually — which is what causes payment errors and problems in reconciliation,” Chen Amit, Tipalti’s CEO, told PYMNTS.com.

Accounts Payable 41

Accounts Payable Invoicing B2B Startups 41

Planful

MAY 25, 2017

For example, when you get an invoice from a digital advertising agency, you assign that cost to an advertising GL account. But over in Marketing, that invoice may need to be split across several campaigns, products, or regions. The GL account code simply doesn’t provide the granularity Marketing needs to run its business.

Finance 40

Finance Budgeting CFO Invoicing 40

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. The takeaway?

Invoicing 52

Invoicing Compliance Reconciliations CFO 52