CFO Leadership

MARCH 31, 2022

The pandemic spurred many realizations, including this one: the enterprise cash management process is broken. Cash management is always important, but it’s certainly gotten a lot more attention in the past two years. As companies went into crisis mode, keeping a very close eye on cash became a top priority.

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Cash Management Benchmarking Invoicing Leadership 52

The Charity CFO

MAY 19, 2023

Cash management for a nonprofit organization is possibly the most important consideration for success. In this article, we will build upon that knowledge and delve more specifically into the topic of cash management. What is cash management?

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Cash Management Nonprofit Compliance Budgeting 52

PYMNTS

JANUARY 30, 2017

Trade finance, they said, could help boost efficiency in cash management and supply chain (via dynamic discounting on invoices). In the example of C2FO’s own offerings, suppliers look for early payment on their invoices (and buyers offer their own approved invoices) uploaded onto the online marketplace.

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PYMNTS

JANUARY 20, 2021

According to Rajiv Ramachandran , senior vice president of product strategy and management at Coupa , the pandemic was a “wake-up call” for many finance leaders who experienced a jolting breakdown of key functions. There were cases where some of these finance teams could not even understand what their cash visibility looked like.”.

B2B 125

B2B Invoicing Prioritization Corporate Finance 125

PYMNTS

NOVEMBER 23, 2020

Indeed, according to Fiskl CEO and Founder Alina Lapusneanu , entrepreneurs are searching for solutions that can multitask, and embrace a wide range of functionality to tackle more pain points around banking, payments and cash management — all at once. All About Cash Flow.

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Finance Invoicing Cash Management Reconciliations 106

PYMNTS

OCTOBER 20, 2017

19), Bank of the West revealed news that it is adding new cash management solutions for its commercial banking customers. Bank of the West’s Commercial Banking Group announced the rollout of DirectPay Manager and Remote Cash Capture, two solutions aimed at facilitating cash flow management for corporate clients.

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Cash Management Banking Transportation Invoicing 40

PYMNTS

FEBRUARY 15, 2017

small businesses are losing billions of dollars every year because they aren’t properly managing company cash flow, a new survey finds. billion every year, collectively, because they spend so much time managing company finances like invoices, employee expenses and financial forecasting. Reports Tuesday (Feb.

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Cash Management Invoicing Startups Forecasting 43

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.

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Invoicing Banking Cash Management Auditing 52

PYMNTS

OCTOBER 9, 2019

When it comes to invoicing, micromanagement stands in the way of corporate progress, and is the false light at the end of the tunnel. Nowhere is that more apparent than when the CEO or other executive in charge of approving transactions examines every invoice, whether in paper form crossing their desk or through emailed PDFs.

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PYMNTS

APRIL 29, 2016

In an announcement on Wednesday (April 27), APEX Analytix revealed a four-step cash management strategy to combine data analytics and supplier management tools. Accounts payable and procurement are partnering with treasury to look at cash management more holistically,” the executive said.

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Cash Management Accounts Payable Treasury Invoicing 40

CFO Leadership

JANUARY 5, 2024

High-impact areas to automate include invoice processing, the financial close, and internal controls. Perhaps one of the most significant shifts worth noting is the growing number of e-invoicing mandates globally. A foundation of effective prognostication lies in strong cash management.

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CFO Invoicing Cash Management Leadership 97

PYMNTS

AUGUST 9, 2017

That’s because these companies are often working onsite and in the field, therefore having to issue invoices and accept payment on-the-spot, too. are sitting on $825 billion in unpaid invoices, with the average small- to medium-sized business (SMB) owed $84,000. Fundbox researchers estimated that small businesses in the U.S.

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Invoicing Advertising Cash Management Securities 45

PYMNTS

DECEMBER 1, 2016

Millions of dollars worth of unpaid invoices are written off by U.K. And it creates significant cash management issues for these businesses, the research found: A fifth of SMEs surveyed said cash flow issues have led them to lose contracts. Invoice finance is becoming a popular way for companies to remedy the issue.

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Invoicing Finance B2B Cash Management 43

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.

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Auditing Cash Management Invoicing Finance 41

PYMNTS

AUGUST 3, 2020

The ability of blockchain infrastructure to store data means transactions can not only be settled in real time, but can also be linked to one specific invoice, opening up the potential for automated reconciliation.

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Global Finance

OCTOBER 31, 2024

Gabriel Motomura: On the cash management side of the business, we are also very focused on increasing our clients’ productivity. Another bottleneck is the payment of invoices, and we can also save them in Google Drive or OneDrive for you while you keep all your receipts in a single location.

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Startups Banking Cash Management Invoicing 52

PYMNTS

NOVEMBER 6, 2019

If a small business buys office suppliers from a vendor once a month, it can be relatively straightforward for the accounts payable (AP) department receiving that supplier invoice to notice if their company has been overcharged. Validation [of these complex invoices] is done by exception or sampling, and that’s not surprising,” he said.

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Invoicing Accounts Payable General Ledger Forecasting 40

PYMNTS

SEPTEMBER 21, 2017

Invoice financing company PeerPay is working with cash flow management firm CaFE to enhance small business (SMB) services. 20) that PeerPay, operated by FloFunder , is working with CaFE in an effort to bring greater transparency and predictability into small- and medium-sized business cash management.

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Invoicing Finance Cash Management Accounting 43

PYMNTS

OCTOBER 14, 2019

Finnish invoicing company Enterpay announced that it has closed a €1 million ($1.1 Headquartered in Helsinki, Enterpay’s automated invoicing payment solution works to optimize the payment process for B2B eCommerce companies, allowing them to increase profitable customers via improved credit scoring and automated invoicing.

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Invoicing B2B Risk Management eCommerce 46

CFO Thought Leader

JANUARY 29, 2025

Many AP solutions require users to leave their ERP environment, process invoices externally, and then sync the data back via API. This ensures a more intuitive and efficient experience for accounts payable teams, as they dont have to switch between platforms to manage invoices, approvals, and payments.

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CFO Accounts Payable Invoicing Reconciliations 52

PYMNTS

FEBRUARY 1, 2021

If at that time, someone would have asked Citi Managing Director and Global Head of Domestic Payments and Receivables Anupam Sinha how long it would take for corporate treasury organizations to fully embrace digital , he said his answer would likely have been something along the lines of, “Don’t hold your breath.”.

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PYMNTS

MARCH 4, 2020

Singapore-based bank DBS is offering an API-powered payment service that lets companies scan QR codes on invoices to then immediately pay suppliers via the city-state’s near-real-time payments rail. Lendi also provides personalized evaluations about the would-be borrowers’ likelihoods of being approved for the various loans.

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Treasury B2B Cash Management Leverage 96

Navigator SAP

FEBRUARY 17, 2022

Automating and streamlining tasks related to budgeting, cost and cash management, activity-based costing, and other accounting or finance functions also helps ensure compliance with financial regulations.

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SAP Invoicing Manufacturing Compliance 130

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.

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PYMNTS

OCTOBER 1, 2020

The tie-up is the newest of many strategic FinTech partnerships Barclays has announced in recent times, with MarketFinance providing invoicing financing products and Nimbla providing invoice insurance. “[SMBs] are the lifeblood of the U.K. Wells Fargo & Envestnet.

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Finance Banking Foreign Exchange Invoicing 91

PYMNTS

FEBRUARY 19, 2019

That probably won’t come as a surprise to many in the B2B payments space, considering that organizations typically try to float their capital for as long as possible, a cash management tactic that can lead to longer payment terms with small suppliers, and the prevalence of late payments. In the U.K., Rimilia , a U.K.-based

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Accounting Cash Management B2B Invoicing 75

PYMNTS

MARCH 18, 2020

In a recent conversation with PYMNTS, Bectran Business Development & Implementation Manager Dominic Biegel said it is certainly a possibility that the continued impact of the coronavirus pandemic could add pressure on businesses to migrate away from paper invoices, or shift their own customers toward electronic payments.

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Reconciliations Invoicing Communication B2B 80

PYMNTS

FEBRUARY 1, 2021

Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. That information is then easy to process for generating insights and informing cash management decisions. .

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Accounts Payable Reconciliations Invoicing Treasury 93

Future CFO

MARCH 14, 2022

By implementing Esker’s Procure-to-Pay suite and Esker’s Accounts Receivable solution ( Invoice Delivery , Collections Management and Cash Application solutions ), the company has gained full visibility and clarity over payables and receivables. When it comes to paying the invoices, are they paying the smaller amount first?

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Invoicing Accounting Finance Banking 97

Future CFO

JULY 16, 2020

Every year about 550 billion invoices are generated and processed, mostly manually, and the cost to business is staggering. and $10 per invoice. An Aberdeen Group study found that invoice processing costs range from $5-$25 per invoice. Bottomline – processing invoices costs money. Click here to download this eBook.

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Invoicing Accounts Payable Accounting Cash Management 40

Global Finance

SEPTEMBER 9, 2024

And while the latest tools of the trade—artificial intelligence (AI) and machine learning (ML)—promise to make tasks such as liquidity forecasting, cash management, and risk management easier, they come with their own complications and tie the treasury team even more closely into management’s strategic planning.

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Treasury Cash Flow Forecasting Forecasting Cash Management 97

Future CFO

APRIL 7, 2022

As a SaaS-based platform, SAP Concur connects expense, travel and vendor invoice spending in one system providing a single way to manage spending from end to end for greater visibility into transactions, improve compliance, and simplify the process for everyone – finance and employees.

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Finance SAP Cash Management Invoicing 98

PYMNTS

DECEMBER 1, 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.

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Risk Analysis Invoicing Credit Risk Cash Management 68

PYMNTS

JANUARY 8, 2021

Automation’s long march to the present day finds automation grinding out new solutions to cash management issues during a topsy-turvy economic time. Cash Management Moving in Virtual Directions. Delayed payments are causing frustration among businesses during the pandemic,” per the Playbook.

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B2B Accounts Payable Cash Management Invoicing 61

PYMNTS

JUNE 11, 2019

Electronic invoicing and settlement solutions provider PayCargo, which targets the shipping and logistics industry, will integrate payments processing into Unisys Corporation’s Digistics solution, the companies announced this week. ”

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Transportation Cash Management Invoicing Leverage 73

PYMNTS

AUGUST 1, 2019

“It will allow for rich invoice and tax information, originator and beneficiary details, and necessary regulatory information for beneficiary jurisdictions,” it said. Widespread adoption of these standards will also allow for streamlined reconciliation and cash management transparency for beneficiaries, it added.

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Reconciliations Cash Management Invoicing Banking 76

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.

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Finance Invoicing Reconciliations Prioritization 82