PYMNTS

JANUARY 14, 2020

This complicated process can involve everything from accounting and invoicing software to bank accounts. Today’s financial institutions (FIs) no longer need to worry about solely addressing all their clients’ financial-related needs, however. Managing these steps in separate systems can be friction-filled, Haider said.

Cash Management 52

Cash Management Invoicing Accounting Leverage 52

PYMNTS

MAY 31, 2017

Wave’s approach to enhancing SMBs’ handle on cash management is a bit different. This unified platform keeps all of the data across these metrics in a single place, making it easier part time accountant or bookkeeper come tax time, Sand bringing cash flow predictability much closer to the small business.

Cash Management 51

Cash Management Invoicing Accounts Payable Financial Data 51

PYMNTS

JANUARY 26, 2017

The solution is called Finlync SAP-DL Integrator , and the idea, said Finlync in an interview with PYMNTS, is that the ERP system is the central home to critical data like purchase orders and invoices, business partner payment information and the like. Blockchain and the distributed ledgers can eliminate international data fraud.”.

SAP 57

SAP Invoicing Reconciliations B2B 57

The Finance Weekly

MARCH 5, 2024

This often involves replacing outdated ERP systems or implementing new cash management solutions. Question 3: Successful Training and Adoption Which software's training and adoption process was exceptionally well-managed across different teams, facilitating a smooth transition or implementation?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Leverage Cash Management 52

PYMNTS

AUGUST 9, 2019

But Wilson told PYMNTS in a recent interview that the opportunity in connecting the flow of financial data from the POS through the back office is significant in helping industry players gain cash flow visibility. Unfortunately, according to Wilson, paper invoices probably aren’t going away any time soon in this space.

Accounts Payable 43

Accounts Payable Invoicing Reconciliations Finance 43

PYMNTS

JANUARY 21, 2020

While Open Banking initiatives and data integrations between banks and FinTech firms have begun to target corporate and small business (SMB) end users, new research out of the U.K. has warned that small businesses are largely shunning the opportunity to unlock their financial data. “The financial crash casts a long shadow.

Banking 60

Banking Treasury Financial Data Cash Management 60

PYMNTS

FEBRUARY 22, 2017

Basel III is a set of voluntary rules that impact banks’ risk management and capital requirements, among other things, and could lead to corporate challenges in accessing bank financing. Virtual accounts, he said, “have proved valuable in helping our clients take a more holistic approach to cash management.”

Accounting 54

Accounting Banking Cash Management Compliance 54

PYMNTS

JANUARY 16, 2020

Other FIs are also busy with data connectivity projects, using APIs to integrate with software typically used by small businesses. So much of the excitement at present is around instant payments and the ability to settle invoices faster than ever before. That idea understandably has immense appeal to SMBs, and APIs are the conduit.

B2B 53

B2B Finance Banking Cash Management 53

PYMNTS

NOVEMBER 29, 2018

Payments, finance and cash management were also chosen as areas that both large firms and SMBs said could be improved as a result of their banks’ Open Banking efforts. SMBs about their attitudes surrounding Open Banking and, specifically, its reliance on data sharing between banks and third parties.

Banking 56

Banking Financial Data Investments Cash Management 56

PYMNTS

JUNE 22, 2016

But a new report from Corcentric , written by the Institute of Finance & Management (IOFM), details the hurdles on the other side of the payment. Accounts receivable processes, like their AP counterparts, are similarly plagued by manual, paper processes, making the cash management effort monumental for suppliers.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

PYMNTS

NOVEMBER 4, 2016

Deals were made with B2B invoicing and payments firm Viewpost, as well as health care blockchain company Gem and natural language search technology company ClearGraph. It’s the reasoning behind Capital One’s latest round of partnerships announced late last month. But this use case can easily be applied to other industries, too.

Treasury 79

Treasury B2B Leverage Reconciliations 79

PYMNTS

APRIL 12, 2016

Making sure the books add up properly is key to keeping their legal nonprofit status, and that means cash management is paramount. Because virtual cards are just that — virtual — they automate the payment and reconciliation processes, connecting payment data directly into financial systems. Not-For-Profit.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

Bramasol

DECEMBER 13, 2021

Just some of the key areas of operational benefits from S/4HANA include: Finance – unification of financial data in a single-source-of-truth with resultant improvements in financial close processes, AP/AR productivity, billing, revenue, cash management and more.

SAP 52

SAP Compliance Profit and Loss IFRS 52

Future CFO

FEBRUARY 10, 2021

Technology also helped International SOS implement an AI-enabled OCR solution during the pandemic and enabled digital invoicing from hospitals and clinics. So, for finance to work efficiently “requires a different way of selling to the management,” said Tan. Data trust or integrity is another rising challenge.

CFO 52

CFO Finance Auditing Treasury 52