CFO Plans

OCTOBER 29, 2024

Implementing automated invoicing systems can streamline the collection process, reducing outstanding debts and accelerating cash inflows. Establishing clear credit policies and maintaining open communication channels with clients also contribute to faster payment cycles. Learn How to Enhance Your Cash Flow with these proven strategies.

Accounts Payable 52

Accounts Payable CFO Budgeting Invoicing 52

PYMNTS

AUGUST 8, 2018

From receiving invoices in the preferred format, to paying suppliers in the preferred rail and enabling both sides to reconcile the transaction, a lot of friction, errors and cybercrime plague AP departments today. This technology, though, can manage other key issues with invoice processing, including fraud and duplicates.

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Invoicing Accounts Payable Communication B2B 48

PYMNTS

JANUARY 13, 2021

When employees cannot be physically in an office to send or receive paper invoices and purchase orders, the ability to electronically transmit data on those documents to the appropriate business partner is key as work-from-home requirements continue.

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Invoicing Accounts Payable B2B Communication 56

CFO Thought Leader

JANUARY 29, 2025

His strategic mindset also focuses on transparency and scalability, ensuring that financial strategies align with operational goals and are clearly communicated across the organization. Many AP solutions require users to leave their ERP environment, process invoices externally, and then sync the data back via API.

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CFO Accounts Payable Invoicing Reconciliations 52

PYMNTS

MARCH 8, 2019

Invoice fraud, where emailed requests trick employees of various firms into sending money to scammers’ bank accounts, has been making the rounds in the United Kingdom. As much as £49 million (just over $64 million USD) were lost to invoice fraud, as measured through the first half of last year.

Invoicing 59

Invoicing Accounting Manufacturing Communication 59

PYMNTS

AUGUST 16, 2019

Paper invoices are among the construction sector’s biggest challenges. According to Danielle Sandoval, group product manager, invoicing and payments at construction management software company Procore Technologies, payment times can reach as high as 120 days in this industry, often linked to the sluggishness of paper invoice processing.

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Construction Communication Invoicing B2B 50

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.

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Accounts Payable Accounting Invoicing CFO 52

Future CFO

DECEMBER 28, 2022

The invoicing process encompasses much more than simply creating and transmitting an invoice. The total process cost per invoice includes the total cost of personnel, outsourcing, systems, overhead, and other allocations to these activities. per invoice. per invoice. Source: APQC. and top performers spent US$2.00.

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Invoicing Accounts Payable Accounting Sales 52

PYMNTS

SEPTEMBER 6, 2019

Designed to consolidate organizations’ spend data, Bill Pay combines credit card spend and invoices in a single view for a more holistic picture of company spend, Divvy said in its announcement. The Divvy platform communicates with vendors about preferred payment method, the firm explained, and remits payments for the client.

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Invoicing Budgeting Communication Investments 46

PYMNTS

OCTOBER 29, 2019

China’s Tencent will take the lead in helping the global blockchain industry standardize invoices sent on distributed ledger technology (DLT), China’s Global Times reported on Tuesday (Oct. Dubbed “General Framework of DLT-Based Invoices,” the project will also see support from the U.K.,

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Invoicing Communication Technology Securities 40

PYMNTS

JULY 2, 2019

The solution, developed by SAMA subsidiary Saudi Payments, enables vendors to issue invoices electronically to government and corporate clients, and receive electronic payments to reduce administrative burdens and costs on both sides.

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Invoicing Reconciliations B2B Economics 43

PYMNTS

DECEMBER 28, 2020

Tally Solutions Managing Director Tejas Goenka said the new service would help as India begins to force companies to adopt electronic invoicing (eInvoicing) in the next few months. In the new service, Tally will communicate with the Invoice Registration Portal (IRP) in order to send invoices in real time.

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Invoicing B2B Education Communication 80

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. Create a step-by-step flowchart for each key process.

Invoicing 52

Invoicing Compliance Reconciliations CFO 52

E78 Partners

NOVEMBER 18, 2024

Potential pitfalls include: Cash Flow Issues: A sudden leadership change can disrupt the normal flow of operations, leading to delays in invoicing and payment processing. As organizations experience blurred decision-making processes, they face sudden financial difficulties, impacting cash flow and stakeholder relationships.

Leadership 52

Leadership Budgeting Profit and Loss CFO 52

CFO Talks

OCTOBER 3, 2024

Promote a Culture of Transparency : Encourage open communication between finance staff, internal auditors, and external auditors to reduce the likelihood of fraud going undetected. Unfamiliar Vendors : Be wary of invoices from vendors that don’t appear in your approved vendor list or who are not fully vetted.

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Invoicing Auditing Benchmarking Reconciliations 98

PYMNTS

AUGUST 24, 2018

The email account is the primary means of communication. The invoice that may be the lure, with account details that facilitate the transfer of money … never to be seen again. In these and other warnings — along with some case studies herein — business owners need to make staff aware of the specter of invoice fraud.

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Invoicing Communication Accounting Banking 40

CFO Talks

MARCH 4, 2025

Process Automation Using tech to handle invoices, payroll, and reports can save money and reduce errors. Clear communication builds trust and confidence, whether its a staff meeting, an investor update, or a customer announcement. Supplier Negotiations Can you get a better deal on materials or services?

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Budgeting Forecasting Invoicing Sales 52

PYMNTS

FEBRUARY 24, 2020

These firms are finding that managing both systems in the cloud offers the flexibility and security needed to streamline invoicing and cut costs, while keeping operations running as smoothly and accurately as possible.

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Accounts Payable Invoicing Education Reconciliations 89

Future CFO

MARCH 16, 2022

It has an automated approval process so that when I create an invoice, my manager automatically receives a notification that the invoice has been submitted,” Somosundaram said. She added: “Each process is very detailed, and we communicate it not only to the finance team but to the whole Hexa business group in all the regions.

Finance 98

Finance Accounts Payable Invoicing Compliance 98

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.

Reconciliations 80

Reconciliations Invoicing Communication B2B 80

PYMNTS

FEBRUARY 26, 2020

“Accounts payable and finance departments in the middle market want to invest in growth, in products, in service, in people — they don’t want to invest in suppliers or supplier-related processes,” he said, highlighting the supplier management and communication component of AP that is becoming increasingly important.

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Accounts Payable Accounting Invoicing General Ledger 72

CFO Thought Leader

JANUARY 30, 2025

Inside The Mentoring Round , PairSoft CFO Matt Collis shares his leadership philosophy on transparency, communication, and cultural alignment. He believes employees want to add value but need clarity on expectations to stay engaged.

CFO 52

CFO Finance Communication Leadership 52

PYMNTS

AUGUST 24, 2020

The new advanced reporting dashboards will offer "comprehensive Business Intelligence (BI) reporting services" to give better visibility into data for invoices, profitability and resource efficiency.

Transportation 98

Transportation Invoicing Communication Accounting 98

Navigator SAP

FEBRUARY 17, 2022

For example, when a sales order is received, the system can immediately generate a purchase order, determine product availability, perform a credit check, update the distribution schedule, and send out an invoice with the correct cost amounts.

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SAP Invoicing Manufacturing Compliance 130

PYMNTS

NOVEMBER 25, 2020

Today, suppliers that receive a transaction may see funds weeks after an invoice is issued. That means any data coming is delayed, too, obscuring visibility into which payment was made for which invoice. “What’s important is the data that flows with the payment.”.

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B2B Invoicing Reconciliations Accounting 116

CFO Talks

MARCH 6, 2025

If you’re spending hours every week trying to manage your books, chase invoices, or figure out tax rules, youre not focusing on what mattersgrowing your business. Communication is key. But how do you know its the right move? One clear sign is when financial tasks take up too much of your time.

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Numbers Finance Accounting Invoicing 52

PYMNTS

DECEMBER 10, 2018

The first domino in the set is the purchase order, and unless that PO is correct, everything else, including invoice and payment, can quickly fall into disarray. Any of this means the invoice a vendor sends to a manufacturer will be misaligned to the original purchase order. ” .

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Manufacturing Accounts Payable Invoicing Communication 69

PYMNTS

JUNE 28, 2018

Coverage includes Hive Project’s deal with Gosocket for invoice financing. On another note, Hive Project has inked a deal with Chile’s Gosocket for a blockchain solution to invoice financing, NBC Right Now reported. Welcome to The Axis, your late look at payments news from around the world.

Invoicing 46

Invoicing eCommerce Communication CFO 46

PYMNTS

MARCH 26, 2020

Growing awareness of the cash flow pain caused by late B2B payments has led to increased calls to incentivize, and in some cases even mandate that larger corporates accelerate their invoice payment processes when working with small suppliers. In all, more than one-third of businesses surveyed admitted to this slip-up.

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B2B Accounting Invoicing Accounts Payable 72

The Charity CFO

SEPTEMBER 28, 2022

Scan Your Receipts and Invoices . Gone are the days of manually recording every receipt and invoice. Instead, dozens of convenient apps are out there to help you scan and upload receipts and invoices without touching your keyboard. Opt for digital-only communication from your financial documents and invoices, where possible.

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Nonprofit Invoicing Accounting CFO 105

PYMNTS

DECEMBER 10, 2020

The establishments are able to invoice directly through the traveler's company or travel agency by use of virtual cards. Amadeus, according to the release, sets up the communication between Conferma Pay and Booking.com, letting the two communicate directly and share information.

Reconciliations 69

Reconciliations Invoicing Communication Numbers 69

PYMNTS

JANUARY 8, 2021

PayJunction Debuts Digital Invoicing for Virtual Terminal Clients. Payment processing technology developer PayJunction has rolled out a digital invoice function for companies that harness its virtual terminal offering, according to a Thursday (Jan. 7) announcement. Fides Expands Connectivity for Finance Professionals.

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B2B Treasury Invoicing Finance 86

PYMNTS

SEPTEMBER 8, 2020

According to one corporate customer of Ma Labs, the company hasn't properly communicated the matter but has stopped sending invoices. 1 million was stolen from the City of Industry via invoice fraud, claims officials in the California city. million was siphoned from one New Zealand business in a scam linked to invoice fraud.

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Invoicing B2B Communication Accounting 69

PYMNTS

AUGUST 19, 2020

Again, noted Fordyce, this can take many forms — from automating invoice reconciliation to addressing a user’s resource constraints. “Listening to their customers’ needs, being receptive to change, offering alternative solutions and communicating will allow them to differentiate themselves.”

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

PYMNTS

JUNE 10, 2020

Payments must also be disbursed as quickly and seamless as possible to freelancers who may be experiencing financial pressures due to the pandemic, representing a sharp learning curve for companies still r elying on manual invoicing or payments processes. Why Slow Invoice Reconciliation Is Leading To Financial Pains And Rising Costs.

Invoicing 56

Invoicing Reconciliations Accounts Payable Communication 56

PYMNTS

APRIL 2, 2019

Spend control isn’t easy — just ask Google and Facebook, which confirmed in 2017 they were among the corporate victims of a widespread phishing attack that tricked businesses into paying fake invoices. The scam wasn’t a one-off job, either. In the world of procurement spend management, data is undoubtedly key.

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Invoicing Accounts Payable Communication Accounting 59

PYMNTS

NOVEMBER 15, 2018

.” AP executives who reported that their firms have not made an investment to fully automate accounts payable processes said manual data entry is their biggest pain point, as more than half of these professionals cited struggling with manually entering invoice data into AP systems.

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Accounts Payable Accounting Invoicing Finance 63