The Finance Weekly

FEBRUARY 22, 2025

Period Close Management - Automate account reconciliation and reduce financial close cycles. These experiences highlight the importance of consistent support and clear communication during the setup phase to ensure a successful deployment. Pricing Workday offers two subscription models, with pricing customized based on business needs.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning General Ledger (GL) Forecasting 52

PYMNTS

DECEMBER 16, 2016

The move to embrace automation, said Krumwiede, represents a “slow evolution,” with inefficiencies still extant as there must be communication between departments and data must be compiled and formatted in the practice of reconciliation. The optimization of the accounting process, he said, is difficult at times with limited staff.

IFRS 74

IFRS Reconciliations GAAP Accounting Standards 74

PYMNTS

DECEMBER 10, 2020

Amadeus, according to the release, sets up the communication between Conferma Pay and Booking.com, letting the two communicate directly and share information. At the time of the payment, the hotel loads the reservation on the virtual card, reconciling the reservation and payment data.

Reconciliations 69

Reconciliations Invoicing Communication Numbers 69

PYMNTS

NOVEMBER 25, 2020

Once the transaction is complete, organizations have access to richer reconciliation information, too, reducing the need to manually communicate back and forth to verify transaction details.

B2B 116

B2B Invoicing Reconciliations Accounting 116

PYMNTS

NOVEMBER 16, 2020

This will help customers access more flexibility in things like account reconciliation, journal entry, task management and Smart Close technologies that BlackLine uses. BlackLine also teamed with Capgemini in June to help boost financial advice and accounting capabilities, PYMNTS reported.

SAP 75

SAP Reconciliations B2B Risk Management 75

PYMNTS

OCTOBER 8, 2020

It's about being able to identify what patient's financial capacity to pay and being able to tailor those engagement interactions and communications to the patient.”. Data exchange and back-end systems, along with reconciliation processes, also must be improved.

Healthcare 119

Healthcare Reconciliations Communication Planning 119

CFO News

APRIL 18, 2023

The changes in ITC rules have added responsibilities on businesses to reconcile and communicate with vendors more often. Businesses must take up reconciliations regularly throughout the month and instantly convey any misreporting, omissions or delays in ITC reporting to their respective sellers.

Reconciliations 52

Reconciliations Invoicing Communication Securities 52

PYMNTS

FEBRUARY 16, 2017

Typically, Galit explained in a recent interview with PYMNTS, SMEs using software solutions without an integrated global payments technology have to exit that software platform and work with banks to somehow ensure payments are sent and received, creating headaches for accounting, reporting and reconciliation. “In

B2B 75

B2B Reconciliations Currencies Technology 75

PYMNTS

JUNE 21, 2017

It’s this inability to communicate that is causing connections to fall apart through the lifecycle, from initiation at the point of sale to back-end reconciliation. It all comes down to simple accounting and communication. Parker explained that the COIN was designed backward starting from reconciliation.

Reconciliations 65

Reconciliations Currencies Communication Sales 65

PYMNTS

FEBRUARY 24, 2020

In the February Next-Gen AP Automation Tracker , PYMNTS highlights how tech-first firms are finding that managing AP in the cloud offers greater insights into the entire invoice-to-payment-to-reconciliation process, essentially transforming the efficiencies of AP departments. Across The Next-Generation AP Automation Space.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

PYMNTS

APRIL 6, 2018

Reconciliation offers up a challenge, then, and the costs are high, as the industry spends $2.1 The firms, in announcing the pilot, said this week that physicians, information service providers, managed care organizations and health systems maintain separate copies of healthcare provider information.

Healthcare 72

Healthcare Reconciliations Communication Economics 72

Spreadym

JULY 10, 2023

Here are the typical steps involved in the financial close process: Pre-Close Activities: This phase involves preliminary activities to prepare for the close process, such as reviewing account reconciliations, ensuring the completeness of transactions, and resolving any outstanding issues or discrepancies.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

CFO Talks

OCTOBER 3, 2024

Regular Reconciliations : Perform surprise cash counts and inventory checks and reconcile sales and deposit records frequently. Promote a Culture of Transparency : Encourage open communication between finance staff, internal auditors, and external auditors to reduce the likelihood of fraud going undetected.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

PYMNTS

JUNE 16, 2020

In healthcare, the data needed for payments reconciliation rests within a patient accounting system, which in turn sits inside an electronic health record. Younger patients may prefer to communicate across their smartphones. Moving Toward Transparency. Older patients, he said, may prefer to write checks.

Healthcare 67

Healthcare Reconciliations Communication Accounting 67

PYMNTS

FEBRUARY 1, 2021

The communication between all these systems becomes a major issue since the integrations [and] connections between them often are malfunctioning,” he said. That, in turn, creates loads of work to confirm and check data, or even worse, to manually transfer data from one system to another.”.

Finance 82

Finance Invoicing Reconciliations Prioritization 82

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.

Accounts Payable 72

Accounts Payable Accounting Invoicing General Ledger 72

Bramasol

JULY 26, 2024

Some of the key challenges include: Complexity and Volume of Data : Handling large volumes of financial data spread across multiple systems increases the complexity of consolidation and reconciliation. Manual Processes: Reliance on manual data entry and spreadsheet-based reconciliations can be time-consuming and error-prone.

SAP 80

SAP IFRS GAAP Compliance 80

PYMNTS

JUNE 10, 2020

The pandemic has affected the way companies communicate with their employees, including freelancers, but it has not changed what both of these parties are looking for out of these relationships. To learn more about how transparent communication could aid in identity verification and build necessary trust, visit the Tracker’s Feature Story.

Invoicing 56

Invoicing Reconciliations Accounts Payable Communication 56

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

PYMNTS

OCTOBER 20, 2020

“Stampli Direct Pay is the opposite — flexible, straightforward, and low-cost — with the singular goal of ensuring the entire financial process from invoice to payment to reconciliation is easy and efficient,” he said, according to the release.

Accounts Payable 57

Accounts Payable Invoicing Reconciliations Communication 57

PYMNTS

OCTOBER 19, 2018

Being able to connect with each other is the crux of any technological progress in supply chains, with that connectivity key to data sharing and communication. Payments can also be used as an incentive to promote communication and collaboration, Traff explained. Ninety percent of trucking fleets in the U.S.

Communication 68

Communication Reconciliations Transportation Technology 68

E78 Partners

JANUARY 5, 2024

Maintain Open Communications: Prioritize communication between all parties, including new owners, portfolio company management, audit teams, and other third-party service providers. Perform balance sheet reconciliations monthly, review accounts receivable and payable aging, and verify accurate revenue recording.

Auditing 59

Auditing Valuation Concentration Reconciliations 59

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

PYMNTS

MAY 21, 2020

But to take some guesswork out of the equation, many merchants are finding value in online platforms that can link with payment service providers, as well as a variety of back-office functions, including reconciliation and checkout optimization. It’s no longer just a matter of, ‘can I take a credit card online?’” said Benson.

Math 102

Math Sales Reconciliations Communication 102

Fpanda Club

APRIL 11, 2021

Repetitive operations such as data acquiring, verification, reconciliation and further regular reporting tasks based on these manipulations with historical data contributed to the bad reputation of FP&A as an uninteresting place to work. FP&A is boring. However, this should not be confused with emotionless. HOW TO DEAL WITH.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Forecasting Budgeting Financial Modeling 130

PYMNTS

JANUARY 14, 2021

NTT DATA Hong Kong Limited ( NTT DATA ) has teamed with Conferma Pay to bring digital payment communications to hotels, according to an announcement emailed to PYMNTS. Partnering with Conferma Pay is a step forward in our commitment to provide travelers with a frictionless payment experience during check-in.

Reconciliations 52

Reconciliations Communication Securities Numbers 52

Future CFO

APRIL 7, 2022

This difference also makes payment reconciliation more complicated from an accounting standpoint (e.g., For his part, Esker’s Leong believes that to encourage adoption, it’s imperative to establish, communicate and implement standard policies across the organisation. banking fees).

Finance 98

Finance SAP Cash Management Invoicing 98

PYMNTS

NOVEMBER 11, 2020

The link between Conferma Pay and Oracle Hospitality OPERA lets Connect, Conferma Pay’s safe communication platform, take the place of emails and faxes with an application programming interface (API) call straight into the property management system (PMS) of a lodging facility, according to the announcement.

Reconciliations 52

Reconciliations Communication Securities Banking 52

The Charity CFO

OCTOBER 9, 2024

Soft credits also need manual reconciliation to ensure that they are accurately reflected in donor records without affecting accounting entries. Create a monthly reconciliation process between both databases. Use data exports and reports to bridge the gap between the two systems. Need some help interpreting your financial data?

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

E78 Partners

SEPTEMBER 21, 2023

Conduct Comprehensive Account Reconciliations Transitioning from a Cash basis to US GAAP accrual basis accounting is essential, providing a more accurate representation of an organization’s financial position.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

PYMNTS

JUNE 30, 2017

Apriva , a leading provider of omnichannel payment solutions and secure mobile communications, and Parlevel Systems, a leader for vending technology solutions, announced the completed integration of the Parlevel Micro Market solution to the Apriva payment gateway platform.

Securities 44

Securities Reconciliations Communication Sales 44

PYMNTS

JULY 16, 2019

And within this web, data remains stuck: Just because platforms have imbedded payments functionality doesn’t mean each node in the web can communicate with another. They also enable businesses to be ready for other upcoming industry shifts — like faster payments — to further break down siloes and embrace a holistic view of company finances.

B2B 60

B2B Accounts Payable Treasury Reconciliations 60

PYMNTS

DECEMBER 31, 2019

Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner. The negative impact that these increasingly outdated methods have on both senders and receivers has mostly been ignored, however.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61

PYMNTS

OCTOBER 20, 2019

Mastercard Bill Pay Exchange also benefits billers by reducing the cost of mailing paper bills and processing checks, providing streamlined reconciliation and lowering customer support costs. Consumers will be able to make payments with cards, real-time payments or from their bank account.

Reconciliations 45

Reconciliations Treasury Communication Banking 45

PYMNTS

JANUARY 2, 2019

NBK now delivers customers greater transparency and traceability in cross-border transactions, which facilitates better communication and reconciliation for the bank’s customers.”. In The Philippines , UCPB rolled out its InstaPay service to enable customers to transfer money instantly to bank accounts, according to reports.

Banking 49

Banking Reconciliations Communication Leverage 49

PYMNTS

MAY 24, 2016

That leads to the necessity of payments taken across a variety of methods and with far-flung reconciliations. Tipalti is moving to help foster supplier payment functionality that stems from the cloud, with an eye on supply chains that need more robust communication and reconciliation as complexity comes into play.

Accounts Payable 40

Accounts Payable Reconciliations Compliance Currencies 40

PYMNTS

FEBRUARY 10, 2017

Video conferencing, IMs, shared worksheets and all manner of remote communication mean streamlined workflow. Payment through the firm’s eponymous mobile app allows for speedier payments and an easier time of reconciliation at the back end as payroll functions are streamlined across a central platform.

Reconciliations 45

Reconciliations Currencies Communication Numbers 45