PYMNTS

FEBRUARY 1, 2021

Although the purpose of digitization in the finance department is, in many cases, to strengthen cash management, the effect of so many siloed systems can actually be quite different. As Berghald explained, that’s because each critical function — from invoicing to payment to accounting — all occur separately from each other.

Finance 82

Finance Invoicing Reconciliations Prioritization 82

PYMNTS

FEBRUARY 1, 2021

The finance organization does not have a choice in terms of embracing digital, and all of us have learned the hard way in 2020 based on the impact it had,” Sinha said. Rather, Sinha explained, corporate treasurers and CFOs today are grappling with evolving business models and transforming cash management strategies.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

CFO Leadership

MARCH 31, 2022

They struggle to keep an overview on their cash and risk positions. A professional cash management solution can help to overcome these challenges. In the dark about global cash? Using simple tools, such as spreadsheets , or disparate solutions to manage complex operations leads to inefficiencies and errors.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

CFO Simplified

NOVEMBER 21, 2022

And it’s important that when you do those entries that you total them and then that spreadsheet is a reconciliation of all the expenses that were made. . This is necessary so that at the start of a new month, there is a fully funded cash box with a total reconciliation of all expenses made. Takeaways from Larry.

General Ledger 98

General Ledger Reconciliations CFO Accounting 98

PYMNTS

NOVEMBER 7, 2017

The accounts receivable solution enables companies to gain visibility into incoming payments for greater working capital management, Citi explained. It aims to reduce Days Sales Outstanding and supports streamlined reconciliation.

Reconciliations 48

Reconciliations Treasury B2B Cash Management 48

PYMNTS

MARCH 27, 2019

“By streamlining supplier onboarding, tax compliance, invoice processing, global payments and payment reconciliation, Tipalti helps modern finance organizations strategically scale more rapidly and efficiently.” The enhanced integration aims to strengthen control and communication for both ends of the transaction.

B2B 46

B2B Accounts Payable Reconciliations Cash Management 46

Simply Treasury

JUNE 3, 2021

Major priorities over the next one to two years: We are not surprised that Cash-Flow Forecasting comes out on top when the COVID crisis has been hitting us for the past year. The digitalization of the treasury function, itself part of the modernization of the finance function, was ranked second.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

OCTOBER 6, 2016

. “Business uptake of mobile payments is gathering significant pace, as the functionality and flexibility of this channel gains trust and acceptance in finance and treasury departments globally,” said HSBC Global Head of eCommerce, Global Liquidity and Cash Management Nadya Hijazi. ”

Foreign Exchange 63

Foreign Exchange Reconciliations Cash Management Treasury 63

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. Yet, corporate finance especially is “operating, more or less, the same [way] it has for 20 years prior.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

Future CFO

JULY 19, 2021

CFOs are reconsidering the cash management process. Credit and finance professionals have been forced to review how they perform certain processes and tasks involved. Cash application has been one of the areas in the spotlight as electronic payments have increased and replaced checks.

Cash Management 52

Cash Management Reconciliations Treasury Sales 52

PYMNTS

JULY 2, 2020

Leavitt , founder and CEO of Boost Payment Solutions , said commercial card programs are now coming to the forefront of AP departments’ priority lists when delaying payments is no longer the most viable, or effective, cash management option. “It’s also the ergonomics of it.

Economics 104

Economics Accounts Payable B2B Reconciliations 104

CFO Simplified

APRIL 8, 2022

Many entrepreneurs have one person they trust implicitly with their business operations, finances, and administrative activities. Take the three primary cash responsibilities—accounts payable, accounts receivable, and payroll—and cross train others so that they can take over if needed. Checks should only be signed by senior management.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Reconciliations Forecasting 52

BlueLight

JULY 16, 2020

myStartUpCFO I recently spoke with finance leaders from a couple dozen startups. These businesses ranged from seed stage companies where the CEO was the finance leader to growth stage companies with an in-house CFO. At myStartUpCFO, we help our clients with all their finance and accounting needs?—?from

Startups 52

Startups CFO Reconciliations General Ledger 52

PYMNTS

AUGUST 6, 2018

REPAY and InterProse added that their partnership aims to cut redundancies in their offerings, eliminating the double-posting of payments in both systems to streamline reconciliation. Their collaboration means businesses will have more ways to accept payments, including bank transfers and card products. per document.

Accounting 40

Accounting Reconciliations Invoicing Cash Management 40

PYMNTS

JANUARY 29, 2020

When it comes to helping corporates manage their supply chains, traditional banks tend to focus on the financing aspect via trade finance, factoring or other such products. Banks’ factoring and trade finance offering, for example, can improve origination and underwriting processes by analyzing clients’ P2P data.

Banking 52

Banking Accounts Payable Vendor Management Reconciliations 52

Global Finance

JULY 26, 2024

Payments innovation creates both opportunities and challenges for US treasurers; and understanding how to optimize liquidity and bring about greater operational efficiency with the ever-evolving transformations in real-time payments, open banking, and embedded finance lies at the heart of treasury’s future.

Cash Management 52

Cash Management Treasury Restructuring Reconciliations 52

PYMNTS

JANUARY 26, 2017

Cross-border payments, trade finance, smart contracts — blockchain has the potential to disrupt B2B processes, but FinTech players are only beginning to take these concepts onto a real-world stage. Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

OCTOBER 31, 2019

It’s great to get a check, or wire, or ACH, but if you don’t know what it’s to be applied to, you have a huge cash application and reconciliation challenge.”. Increasingly, companies are receiving payments not only via paper check, but in a variety of electronic methods.

Reconciliations 43

Reconciliations Invoicing B2B Treasury 43

PYMNTS

NOVEMBER 21, 2017

New research from payments processor Mastercard and software company Karmic Labs suggests small- and medium-sized businesses (SMBs) are embracing an array of payment rails, but managing them all means added complexity to the already challenging task of managing finances. The Case For Prepaid.

B2B 43

B2B Cash Management Reconciliations Finance 43

PYMNTS

SEPTEMBER 17, 2019

Operating as a funding agent will broaden community banking participation in RTP, Bankers’ Bank said, adding that it will also build a 24/7 liquidity management solution for RTP transactions within its cash management suite of services. FinTechs Move Money To Vendors Faster. Marie Aloisi in a statement.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

PYMNTS

AUGUST 9, 2019

With notoriously tight margins, continued reliance on cash and paper and products that are easily perishable or damaged, restaurants face a slew of hurdles in managing cash flow and gaining visibility into their current cash positions. We also have some vendors who, their primary business is not payments.

Accounts Payable 43

Accounts Payable Invoicing Reconciliations Finance 43

PYMNTS

JUNE 22, 2016

In B2B payments, accounts payable automation is a hot topic, as are the challenges AP professionals face when it comes to paying suppliers and managing the data from those transactions. But a new report from Corcentric , written by the Institute of Finance & Management (IOFM), details the hurdles on the other side of the payment.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

PYMNTS

JULY 4, 2016

More than 40 percent of companies surveyed said they operate with more than five cash management banks; a third said they are working with more than 20 banks. ” “Treasurers are trying to understand how they can do more to manage fraud,” the executives continued. “What we see in the U.S.

Treasury 41

Treasury Reconciliations Cash Management Banking 41

PYMNTS

NOVEMBER 4, 2016

But as finance and payments tech expands, these traditional FIs are learning that perhaps the best way to meet the demands of their corporate clients isn’t to compete with FinTech innovators but to collaborate with them. . But this use case can easily be applied to other industries, too.

Treasury 79

Treasury B2B Leverage Reconciliations 79

PYMNTS

JANUARY 22, 2019

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. Hospitals can often struggle to manually reconcile cash flow coming from multiple sources.

Cash Management 73

Cash Management General Ledger Reconciliations Healthcare 73

PYMNTS

NOVEMBER 22, 2016

” The Asia-Pacific region has also witnessed a migration away from cash, but it’s not just happening among consumers. “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.

B2B 65

B2B B2C Vendor Management Reconciliations 65

PYMNTS

DECEMBER 2, 2020

Sage has unveiled a new partnership with Satago , a cash management and finance program for small firms and accounting professionals, according to an announcement. based Advantedge Commercial Finance, according to a Tuesday (Dec. Alternative Lender eCapital Buys UK-Based Advantedge Commercial. 1) press release.

Cash Management 57

Cash Management B2B Foreign Exchange Banking 57

Global Finance

JULY 24, 2024

This includes greater automation, as DBS implemented an enhanced cash-funding module to create more-efficient workstreams in more than 40 markets. Now, trade settlement and cash exchange are settled without manual intervention and include automated reconciliation, reducing operational risk.

Banking 52

Banking Foreign Exchange Risk Management Leverage 52

Global Finance

JULY 24, 2024

This includes greater automation, as DBS implemented an enhanced cash-funding module to create more-efficient workstreams in more than 40 markets. Now, trade settlement and cash exchange are settled without manual intervention and include automated reconciliation, reducing operational risk.

Banking 52

Banking Foreign Exchange Risk Management Leverage 52

PYMNTS

JUNE 9, 2017

Though that’s critical for a number of reasons – cash management and predictability, accounting and reconciliation, and reducing data-entry errors – combatting fraud may stand to gain the most from more sophisticated accounting data management practices. Cash Flow Management.

Accounting 43

Accounting Technology Accounts Payable Invoicing 43

PYMNTS

OCTOBER 19, 2016

But the benefits to accurate cash predictability are universal across companies of all sizes. Rahal pointed to the ability for businesses to foresee whether they will need to access external financing should they be short on cash in the coming months, key to making payroll and supplier payments, for instance. ” .

Forecasting 77

Forecasting Cash Flow Forecasting Reconciliations Invoicing 77