CFO Share

MARCH 2, 2023

The three most common types of AP fraud are: Fake vendors and invoices fraud Check fraud Expense reimbursement fraud Fake vendor invoice fraud Fake vendor fraud can be perpetrated by your internal accountant or an external con artist. Fake vendor invoice fraud varies in sophistication.

Invoicing 52

Invoicing Accounts Payable Auditing Education 52

PYMNTS

DECEMBER 29, 2020

You have invoice aggregation, multiple account numbers with vendors, short payments, disputes and credit memos.". Automation is key to driving efficiencies for both buyers and suppliers, but achieving it can be a headache, particularly when purchase orders or invoices are submitted as paper or PDF documents.

B2B 114

B2B Reconciliations Accounts Payable Invoicing 114

PYMNTS

JANUARY 15, 2021

AspireHR teamed with SAP Concur for a reselling and system connection collaboration to bring the latter company’s travel, expense and invoice management offerings to additional North American companies, according to a Thursday (Jan. 14) announcement.

SAP 56

SAP Invoicing Concentration Education 56

PYMNTS

SEPTEMBER 22, 2020

To automate the transformation of machine-readable PDFs to digital invoices, Basware has rolled out SmartPDF AI in the newest expansion of its SmartPDF offering. The tool uses information taken from past invoices through a cutting-edge machine learning (ML) model, according to a Tuesday (Sept. 22) announcement.

Accounts Payable 85

Accounts Payable Accounting SAP Invoicing 85

PYMNTS

JULY 7, 2020

Overall, the pandemic has forced the industry to pivot toward digital offerings, especially mobile offerings, digital checkout , contactless payments and digital invoicing, a bit more quickly. Park offered the illustration where a big box retailer sends invoices to customers through mobile means and customers pick up curbside.

Invoicing 113

Invoicing Education eCommerce Accounting 113

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.

Invoicing 80

Invoicing B2B Education Communication 80

Generation CFO

JANUARY 5, 2022

It was literally me and one other person processing invoices and making bank pay-outs manually, so it was a bit of a mess.”. It’s also about educating and training people to see the benefits of automation and optimisation for themselves. In fact, there was not much in place that could enable strategic decision making.

Finance 197

Finance Budgeting Corporate Finance Accounting 197

Bramasol

JANUARY 28, 2025

Automation of routine tasks like invoice matching and exception handling. Invest in Training and Change Management Employee Training: Educate your workforce on new AI tools and processes. Key features and benefits of embedding AI in SAP S/4HANA Cloud include: Automatically condensing lengthy reports or datasets into key takeaways.

SAP 70

SAP Data Analysis Leverage Manufacturing 70

CFO Talks

OCTOBER 3, 2024

Invoice and Billing Fraud Invoice and billing fraud occurs when employees or external parties manipulate the invoicing process, such as creating fake invoices, duplicating payments, or billing for undelivered goods or services.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

PYMNTS

JANUARY 8, 2021

There’s also a messaging component that goes along with RTP payments, which includes vital information like confirmation of payment or requests for details if an invoice was partially paid. “So First is continuing education about the payments ecosystem as an experience. Limits And Fees.

Cash Flow Forecasting 139

Cash Flow Forecasting Banking Education Reconciliations 139

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

MAY 10, 2016

The financial services industry gets hit with more fraudulent invoices than any other industry, found a recent report from eInvoicing firm Tungsten Network. But Tungsten Head of Compliance Lucy Ashdown offered her take on the company’s research to discuss why FinServ firms might be seeing more invoice fraud than other industries.

Invoicing 40

Invoicing Compliance Securities Education 40

PYMNTS

APRIL 4, 2016

Basware announced on Friday (April 1) — April Fools’ Day — a campaign that sends out fraudulent invoices to highlight the ease with which cybercriminals can convince a business to pay an illegitimate bill. Duplicate invoices, too, are becoming a problem, with millions worth of funds paying bills that had already been paid.

Invoicing 40

Invoicing Accounts Payable B2B Education 40

PYMNTS

SEPTEMBER 14, 2017

What makes this so difficult, some analysts say, is that when an employee is directed by a seemingly legitimate C-Suite executive at their company to initiate an invoice payment, an employee isn’t likely to disobey orders from upstairs.

Invoicing 41

Invoicing B2B Prioritization Education 41

PYMNTS

MAY 3, 2018

Its mission, which just won the official admiration of Visa , is to move small businesses away from checks and paper receipts by migrating invoice management online. Such technology could potentially save small business owners the hassle of dealing with paper when handling invoices. Its name is Hermyz. government.

Invoicing 69

Invoicing Education Technology Marketing 69

PYMNTS

APRIL 13, 2020

Department of Education requires universities to provide access to several disbursement options for students, which does not prohibit universities from issuing mobile disbursements but does keep check payments as the default payout option if students are unaware of the available alternatives.

B2C 93

B2C B2B Invoicing Education 93

PYMNTS

JANUARY 2, 2020

million students are enrolled in K-12 public schools nationwide, according to the latest figures from the Department of Education, and as these students pursue their educations, some schools are learning new lessons on how to more effectively manage funds through faster payment solutions. Approximately 50.8

Education 53

Education Invoicing Banking Securities 53

Global Finance

OCTOBER 31, 2024

These were given to SMEs working in multiple sectors: tourism, construction, commerce, education, healthcare, social services, industry, agriculture, and livestock, among others. In its 2024 iteration, the Banreservas loan-fair program disbursed 5,800 loans, totaling about $238.5 It also provides financial services targeted to women.

Banking 52

Banking Finance Construction Foreign Exchange 52

CFO Simplified

JUNE 23, 2022

But without the requisite education, mindset, and experience, just having more years on the job doesn’t prepare the person for that role. Codes and processes Accounts Payable invoices. The owner is likely proud that they have prepared their company for the next great leap forward through their strategic staffing decision.

CFO 96

CFO Cash Flow Forecasting Accounts Payable Forecasting 96

PYMNTS

JANUARY 10, 2020

That’s only a fraction of the cash-flow burden placed on small firms that are also struggling with lengthier Days Sales Outstanding (DSO) for invoices. This presents a significant opportunity for companies like CollBox to step in and provide collections services when invoices go months past due. Preventative Measures.

Invoicing 55

Invoicing Education B2B Benchmarking 55

PYMNTS

FEBRUARY 25, 2020

Integrated cloud-based ERP systems that utilize machine learning (ML) can help make the payment process as “touchless” as possible for customers, Haimes said, whether invoices reach AP departments electronically or by paper. These systems’ document processing engines scan for empty or unrecognizable fields, he explained.

Accounts Payable 61

Accounts Payable Invoicing Education Finance 61

PYMNTS

SEPTEMBER 21, 2018

Recently, players in the space have launched new solutions designed to help businesses, and even higher education institutions, to more easily manage and reconcile payments. That includes payment solutions provider MarketInvoice , which collects funds from the buyer within 24 hours of the invoice confirmation.

Invoicing 46

Invoicing Education Reconciliations Healthcare 46

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.

Accounts Payable 63

Accounts Payable Accounting Invoicing Finance 63

The Finance Weekly

JANUARY 5, 2025

The integration of finance AI chatbots offers several benefits: Automating Repetitive Financial Tasks One of the best uses of finance AI chatbots is automating tasks like invoice generation, payroll processing, and transaction categorization. It excels in automating customer engagement, financial education, and lead generation.

Finance 52

Finance Budgeting Financial Data Forecasting 52

PYMNTS

APRIL 24, 2019

With the partnership, GovQuote will be targeting state, local and education (SLED) government agencies and their supplier pool. Businesses can also use BlueVine’s Invoice Factoring option to access funding while they wait for invoices to be paid. ”

Finance 59

Finance Invoicing Education Marketing 59

PYMNTS

OCTOBER 8, 2019

These tools enable companies to automatically scan and digitize invoice data, removing the likelihood of mistakes during the manual data-entry process. Additional services match purchase orders (POs) with invoice numbers, and automate other processes important to accelerating approval procedures. percent receive invoices through fax.

Accounts Payable 54

Accounts Payable Banking Invoicing Education 54

Future CFO

APRIL 24, 2024

New computer vision and generative AI capabilities can empower finance teams with the ability to transfer between documents, spreadsheets, and apps; understand content; and automatically insert data in the right places for better invoice management.

SAP 98

SAP Finance Invoicing CFO 98

PYMNTS

FEBRUARY 20, 2020

From FinTech solutions to legislation, new efforts to combat delayed invoice payments continue to emerge – and yet the problem continues to worsen. “I do think more education and awareness around the importance of cash flow management and its impact on the success or failure of a business is needed,” Dare recently told PYMNTS.

Invoicing 62

Invoicing Finance Prioritization B2B 62

PYMNTS

MARCH 17, 2020

There will also be invoicing tools within the app and the ability to have multiple user accounts on the same app. Blomefield said the long trial period had educated the company on what would be popular. Users will also be able to integrate with third-party software. 1 brand in the U.K. by YouGov last year.

Accounting 74

Accounting Banking Invoicing Education 74

PYMNTS

OCTOBER 4, 2019

In every part of its discussions, whether a new customer is coming to the company or at a user conference where it is talking to existing customers, the company is continuously aiming to put new technology into its platform — so it is educating them along the way. Another use case involves invoice ingestion.

Technology 56

Technology Accounts Payable Invoicing Education 56

PYMNTS

JULY 6, 2020

They will need to build awareness through both promotion and education,” Petroni said. Issuing invoices and processing B2B payments can be simplified through open banking. It’s worth the effort, as the growing number of B2B payments use cases prove.

B2B 76

B2B Banking Invoicing Education 76

PYMNTS

APRIL 2, 2020

“It’s muscle memory,” she said of the ongoing use of the paper invoice. The friction for customers of legacy collections tools is obvious: an experience of a cumbersome process of waiting for an invoice to arrive in the mail, and logging online or calling in to manually enter credit card data. Why Friction Persists.

B2B 64

B2B Invoicing B2C Education 64

PYMNTS

JANUARY 30, 2020

Many AP departments still rely on checks to settle B2B invoices, however, despite the speed and convenience that payment methods like virtual cards offer. percent of AP professionals would like to implement electronic invoice solutions, and that 22.9 PYMNTS reported that 46.4 For example, a firm that earns 0.5

B2B 71

B2B Invoicing Accounts Payable Reconciliations 71

PYMNTS

APRIL 24, 2020

” Some firms, particularly those in the healthcare, manufacturing, education, technology and construction arenas, are experiencing an uptick in expense volume on the Webexpenses portal, he noted. “The other thing to keep in mind is that travel makes up a component of expenses, but not all of them,” continued Reynolds.

Invoicing 82

Invoicing Construction Healthcare Technology 82

PYMNTS

DECEMBER 30, 2019

A Faster Payments Fix For School Invoice Woes. Sending paper-based invoices to parents who then hand in cash and check payments to the class teacher for expenses such as field trips is a costly and time-consuming process — something more than 98,000 U.S. public schools are all too familiar with.

Banking 52

Banking Invoicing Education Valuation 52

CFO News Room

DECEMBER 2, 2022

It’s good for them to talk to someone in the company who isn’t just chasing invoices, but who wants to talk to them and hear how they’re getting on,” Frances explains. . He shares his love of animals by making educational programmes that appeal to all ages with a clear message that we need to do more to look after our precious planet.”.

Technology 130

Technology CFO Benchmarking Numbers 130

PYMNTS

NOVEMBER 9, 2018

8) said that eProcurement platform SESAMi and alternative and invoice financing firm Capital Match are merging their companies to roll out a “fully integrated supply chain financing solution to corporates and their suppliers,” the companies said in a joint announcement. . Reports in Vulcan Post on Thursday (Nov. ”

Mergers and Acquisitions (M&A) 66

Mergers and Acquisitions (M&A) Invoicing Education Finance 66