The Finance Weekly

JULY 31, 2023

In a recent webinar sponsored by Datarails , the FP&A solution for Excel users, three distinguished finance leaders came together to discuss the impact of AI on corporate finance. They highlighted how AI technology is transforming the way finance and accounting teams work with data and make decisions.

Corporate Finance 52

Corporate Finance Finance Leverage Accounts Payable 52

PYMNTS

APRIL 30, 2019

” In the area of bill payments, for instance, these individuals can quickly become overwhelmed by the volume of invoices they have to pay. . “A lot of them process 50 to 200 bills a month — it really is like running a business.” “Those things are happening — fraudsters are getting more savvy about that.”

Corporate Finance 61

Corporate Finance Accounts Payable Finance Invoicing 61

Generation CFO

JANUARY 5, 2022

When Aidana first started her role at HousingAnywhere in 2018 after working for IBM, Converse (now Nike) and other American corporates, finance at HousingAnywhere was rather at an ‘infant stage’, especially with regard to processes and/or structures. . Mozart is her go-to music for relaxation and stress relief.

Finance 197

Finance Budgeting Corporate Finance Accounting 197

PYMNTS

DECEMBER 7, 2020

This week's B2B Digest looks at how corporate finance scams come in all shapes and sizes, from employee expense fraud to invoice falsification. Analysis of 295 cases of accounting fraud between 1996 and 2013 was compared to property crime rates in the areas where corporate fraud occurred.

Invoicing 91

Invoicing Construction Corporate Finance B2B 91

PYMNTS

DECEMBER 11, 2017

Steve Troy, CEO of AeroFund Financial, says that’s a trend permeating many components of corporate finance today: Businesses don’t just need better tools – they need, in some cases, an entirely new way to manage finances. That could mean new payments rails to automated accounts payable solutions. In the U.S.,

Corporate Finance 43

Corporate Finance Finance B2B Invoicing 43

PYMNTS

JULY 1, 2020

The plans considered could have involved the Covid Corporate Financing Facility (CCFF), set up to buy commercial paper from large blue-chip companies, being amended so that invoices could flow faster for SMEs. But in recent days, respondents to the Treasury’s inquiry had trouble identifying British SME suppliers.

Treasury 91

Treasury Corporate Finance Invoicing Finance 91

PYMNTS

SEPTEMBER 28, 2020

This week's B2B Data Digest looks at the latest figures behind such fraud targeting corporate finance teams. According to the publication, an individual has been sentenced to more than two years in prison for abusing his ability to approve of invoices for payment at his former employer, Driscoll's, based in California.

Accounts Payable 96

Accounts Payable Invoicing Treasury B2B 96

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. But the ERP of today doesn’t look like it used to.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

JULY 9, 2020

Accrualify , which works in cloud-based solutions for mid- and enterprise-level companies, is launching a new corporate card in partnership with Visa , according to a press release. The intent of the card is to boost options for spend control for corporate finance teams.

Corporate Finance 91

Corporate Finance B2B Invoicing Leadership 91

Global Finance

FEBRUARY 5, 2025

Using B2B BNPL, MSMEs avoid tapping their credit lines to pay invoices and avoid trade credit negotiations. For suppliers, it works like reverse factoring, where the buyer uses a third party to pay the invoice immediately and reimburses the financing third party later.

B2C 52

B2C B2B Invoicing Credit Risk 52

PYMNTS

NOVEMBER 1, 2017

Key areas of corporate finance continue to lag in digital transformation, the report found. But invoice management is furthest behind, researchers said, with 66 percent of data received from supplier invoices manually entered into company systems. The Worst Offender.

Finance 54

Finance Invoicing Accounts Payable Corporate Finance 54

PYMNTS

AUGUST 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools.

B2B 71

B2B Invoicing Startups Corporate Finance 71

PYMNTS

FEBRUARY 27, 2017

In an interview with PYMNTS, Prabhat Vira, president of Tungsten Network Finance, said that the goal of the pact is to extend the services offered to firms using e-invoicing to bring early payment and financing agreements to those larger firms and their suppliers, adding working capital financing tied to invoices.

Finance 58

Finance Invoicing Corporate Finance Manufacturing 58

PYMNTS

JANUARY 15, 2021

Accounts payable (AP) and accounts receivable (AR) personnel could no longer be in the office to handle paper, giving rise to the discussion of migrating away from physical invoices and other documents in favor of digital, automated solutions. In reality, however, paper continues to circulate in AP and AR departments.

B2B 73

B2B Invoicing Accounts Payable Prioritization 73

PYMNTS

SEPTEMBER 29, 2020

As a provider of back-office financial technology, it's vital to speak with chief finance officer (CFO) and finance executive end-users about what they need and which friction points are giving them the most pain. Finance teams have mountains of manual tasks to complete every day.

Cash Flow Forecasting 59

Cash Flow Forecasting Accounts Payable Invoicing Corporate Finance 59

Bramasol

APRIL 26, 2023

As shown below, the current Quote-to-Cash portfolio from SAP (formerly known as BRIM) includes Subscription Order Management (SOM), Convergent Charging (CC), Convergent Mediation (CM), Convergent Invoicing (CI), Corporate Finance Management (CFM) and Revenue Accounting & Reporting (RAR).

SAP 81

SAP Corporate Finance Compliance Invoicing 81

PYMNTS

NOVEMBER 16, 2018

Companies with the most digitized AP processes averaged faster invoice payments and processing times, as well as fewer invoice exceptions. It’s a major hurdle for many firms, particularly considering the continued use of paper purchase orders (POs), paper invoices and other physical documentation that demands manual data entry.

Accounts Payable 63

Accounts Payable Invoicing Accounting Corporate Finance 63

PYMNTS

MARCH 7, 2019

based corporate finance operation, is broadening its position in the trade finance landscape through an acquisition of Global Technology Finance , which provides supply chain finance to value-added resellers targeting the technology sector, according to reports in Asset Finance International.

Finance 51

Finance Corporate Finance Invoicing Technology 51

PYMNTS

SEPTEMBER 20, 2018

Much of that innovation has been focused on corporate finance and payments, as top financial services players have introduced new blockchain solutions in an effort to disrupt and improve corporate payments. in blockchain development efforts.

Corporate Finance 75

Corporate Finance eCommerce Healthcare Finance 75

PYMNTS

OCTOBER 7, 2019

Fraud never sleeps, and the corporate finance department cannot afford to stay behind on the ever-changing strategies of fraudsters. P-cards were used to settle those fraudulent invoices, the allegations say, and the money went to those managers and the third-party vendor.

B2B 62

B2B Invoicing Corporate Finance Transportation 62

PYMNTS

JANUARY 18, 2021

"It usually involves procurement of some time, you're going to speak to a couple of people, and there are going to be varying degrees of paying invoices.". As such, data integration is vital to achieving a seamless workflow, from invoice acceptance, to approval, through to the actual act of paying the bill. The New ERP?

Accounts Payable 66

Accounts Payable Banking Invoicing Corporate Finance 66

PYMNTS

MARCH 6, 2019

Yet, corporate finance especially is “operating, more or less, the same [way] it has for 20 years prior. Much of the operations are limited by the time zone/region and cutoff times for various markets,” he said.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

FEBRUARY 7, 2019

” The launch comes as AP automation grows increasingly in-demand among corporate finance professionals. The solution integrates artificial intelligence (AI), robotic process automation (RPA), machine learning, deep learning and other technologies to automate invoice processing for accelerated, accurate invoice payments.

Accounts Payable 49

Accounts Payable Marketing Invoicing Reconciliations 49

PYMNTS

JANUARY 11, 2021

Today in B2B payments, the SBA releases guidance for the next round of PPP loans, while xSuite secures Peppol invoice certification. Singapore Grants eDoc Firm xSuite Peppol Certification for Invoices. Plus, TripActions announces ERP integrations, FortisPay acquires Swype and Goldiam launches a B2B eCommerce platform in the U.S.

B2B 55

B2B Securities SAP Invoicing 55

PYMNTS

FEBRUARY 7, 2020

As enterprise digitization initiatives permeate beyond IT departments and into corporate finance functions, executives are exploring new approaches to modernizing the ways they manage money. ” That’s not only a focus reserved for corporates’ B2c relationships, though.

Corporate Finance 57

Corporate Finance B2C Finance Accounting 57

PYMNTS

JULY 16, 2020

Last week, the company announced its collaboration with SAP Concur to streamline invoice and expense management, with an integration enabling employees to pay invoices through the SAP Concur platform using American Express commercial cards. Nium Broadens Card-Issuing Reach. Privacy.com Sets Sights On Business Cards.

Accounts Payable 64

Accounts Payable SAP B2B Invoicing 64

PYMNTS

MAY 23, 2016

Banks may not always be up for overhauling their operations with a largely untested, disruptive technology, but new reports suggest the threat of fraud in one area of corporate finance is encouraging financial institutions to adopt distributed ledger technology in growing volumes.

Banking 46

Banking Invoicing Corporate Finance Finance 46

PYMNTS

DECEMBER 10, 2018

percent equity interest in Hangzhou Zeshi Investment Partners, which will enable China Lending to launch its new supply chain financing services in the near future, including financing products design, related corporate financing solutions, investments and asset management, and more. trillion in 2017.

B2B 60

B2B Accounts Payable Corporate Finance Finance 60

PYMNTS

APRIL 22, 2016

Plaid’s bank account authentication and data services are coming in handy to more corporate finance players. On Thursday (April 21), the company announced a new partnership with Jet Business Loans, an online corporate FinServ player.

Banking 40

Banking Accounts Payable Corporate Finance Invoicing 40

PYMNTS

MAY 1, 2018

B2B payments is at the center of efforts to innovate by FinTechs, banks and others, but corporates’ business-to-business payment processes remain complex, erroneous and a deterrent to growth. For more than two-fifths of professionals surveyed, their organizations received more than 2,000 invoices every month.

B2B 47

B2B Invoicing Foreign Exchange Pharmaceutical 47

PYMNTS

JANUARY 2, 2020

Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance tool prevents investors and auditors from gaining a transparent view into company finances.

Auditing 52

Auditing Corporate Finance Invoicing Finance 52

PYMNTS

FEBRUARY 7, 2018

But in some instances, the benefits of AI may outweigh the risks, especially in areas like accounts receivable, and especially when the technology can address the long-lasting frustration of late invoice payments. Pay360 , a U.K. companies billions of dollars every year.

Invoicing 43

Invoicing Corporate Finance Communication Accounts Payable 43

PYMNTS

MARCH 8, 2019

-based Yordex, a company that provides financial software for corporate users. In a statement, Bloc Ventures CEO and Co-Founder David Leftley said Yordex fills a market gap for companies that have “outgrown” cloud accounting tools like Xero but are not willing to migrate to a costly, complex ERP system.

B2B 72

B2B Banking Startups Investments 72

PYMNTS

DECEMBER 29, 2016

Some B2B payments players have predicted that, on the accounts payable side of the transaction, higher interest rates will lead companies to extend their payment terms and to seek out AP technologies that offer integrated supplier financing solutions to help with that cash flow crunch on the supplier side.

B2B 49

B2B Accounts Payable Invoicing Corporate Finance 49

PYMNTS

AUGUST 8, 2019

And among the biggest challenges he pointed to for both accounts payable and accounts receivable professionals is reconciliation and being able to understand what payments are matched to which purchase orders and invoices — a data hurdle often unaddressed by check and other traditional payment tools.

Accounts Payable 57

Accounts Payable Accounting B2B Reconciliations 57

PYMNTS

SEPTEMBER 23, 2019

While FinTechs are offering a greater variety of solutions to business users than ever before, corporate finance chiefs and treasurers still turn to their banks first to improve their B2B payments strategies. As financial institutions gather for this year’s Sibos conference kicking off in London today (Sept.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

JUNE 22, 2020

Experts warn that such Vendor Email Compromise scams are on the rise amid the pandemic: “We have seen an increase in invoice redirection fraud in the past three months, which has been ramping up due to COVID-19,” warned Smarttech247’s Raluca Saceanu, the publication said. ” $1.4

Accounts Payable 79

Accounts Payable Invoicing B2B Accounting 79