Future CFO

APRIL 7, 2022

He comments that most accounting graduates have more exposure to Excel than finance-related software solutions through their college education), lethargy to pick up new technologies, and sometimes difficulty in getting approval for finance technology investment. banking fees).

Finance 98

Finance SAP Cash Management Invoicing 98

PYMNTS

OCTOBER 14, 2020

That’s translated into a fundamental shift in workflows, spanning everything from procurement to invoice approvals to payments that need to be made. He noted that companies such as KeyBank have been reaching out to educate enterprises on leveraging security solutions and improving defenses against fraudsters. Looking Ahead .

B2B 97

B2B Accounts Payable Reconciliations Economics 97

PYMNTS

OCTOBER 2, 2019

Commercial payments, for example, have long relied on inefficient practices — like paper stubs that accompany paper checks, or lists of invoices paid and payments allocated to each invoice. It’s incumbent upon FIs to educate their corporate clients on the different faster payment services and products on offer.

B2C 81

B2C B2B Accounts Payable Invoicing 81

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

MAY 22, 2018

Earlier this month, the company announced a new international invoicing service that can streamline the billing process for companies serving customers outside of their home countries. Flywire processes billions of dollars in payments around the world each year. For most companies, domestic billing is easy. Since June 2017, Flywire ’s U.K.

Reconciliations 52

Reconciliations Invoicing Education Compliance 52

PYMNTS

NOVEMBER 13, 2019

Paying suppliers in the ways they prefer, and through tech-driven platforms, means buyers cement strong supplier relationships by helping their critical business partners streamline payment receipt and reconciliation, which are still major pain points for most organizations. Security, of course, remains a critical concern.

Accounts Payable 46

Accounts Payable Invoicing Reconciliations Accounting 46

PYMNTS

MARCH 23, 2017

The company, which provides education and resources for suppliers, recently released a new eBook to guide vendors on how to take advantage of Same Day ACH technology. Receivable Savvy, an accounts receivable and order-to-cash management firm, wants suppliers to see Same Day ACH as an opportunity to bolster cash flow.

B2B 54

B2B Invoicing Reconciliations Cash Management 54

PYMNTS

JULY 21, 2017

Buyers have their own preferences in how they want to pay, and they typically want to wait to settle their invoices to hold on to their cash for as long as possible. A key part of getting paid more quickly is electronic invoicing. Suppliers, though, often want to be paid differently than how buyers pay — and want that cash quickly.

Invoicing 47

Invoicing Reconciliations B2B Education 47

PYMNTS

JUNE 5, 2018

Case in point: PayPal recently partnered with business management firm Sage to enable businesses to pay their supplier invoices with a PayPal business account. ” For corporate buyers, that yields “the ability to view the full reconciliation of payment” in a bird’s eye view of spend and expenses.

B2B 46

B2B Invoicing Education Reconciliations 46

CFO Simplified

DECEMBER 26, 2021

Plus, with the additional education and experience, a CFO brings a strategic financial view to the company. The controller will set the schedule for how often they invoice, pay bills, or run payroll. Moreover, it is the controller’s role to review the invoices—both AR and AP—to assure they are correct with proper approvals.

Finance 52

Finance General Ledger CFO Auditing 52

PYMNTS

MAY 8, 2017

People are traveling the world, and they are selling and purchasing property, getting educated, purchasing healthcare, spending and shopping. Flywire streamlines payments for those global citizens and, just as importantly, the receipt and reconciliation of those payments for the businesses to whom they are sending money.

Healthcare 50

Healthcare Education Reconciliations Invoicing 50

PYMNTS

OCTOBER 21, 2019

With high-ticket items, people are more likely to use their banks” – and that’s especially true when it comes to paying for higher education. They looked at the top of the invoice or the mobile screen they were using, and saw Harvard,” he said. Smoothing the reconciliation part of the equation has also been a boon, he noted.

Reconciliations 40

Reconciliations Healthcare Education Invoicing 40

PYMNTS

APRIL 12, 2016

Because virtual cards are just that — virtual — they automate the payment and reconciliation processes, connecting payment data directly into financial systems. Speaking of the AP professional, that’s the third benefit: streamlined accounts payable processes.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

MAY 3, 2018

It’s what they’ve done before now in international education and healthcare payments (among many other verticals), and – through its partnership with Billtrust – it’s what they hope to bring to the $18.5 trillion world of cross-border B2B payments.

B2B 40

B2B Reconciliations Invoicing Currencies 40

PYMNTS

MARCH 16, 2017

With its start in the education and healthcare sectors, Flywire’s expansion into B2B payments isn’t far of a stretch for the company, which already supports high-value international payments like tuition or medical care costs. Sometimes it’s the fact that maybe an invoice was short-paid.

B2B 43

B2B Marketing Compliance Invoicing 43

CFO Talks

SEPTEMBER 17, 2024

A construction company with projects in different provinces can have a cloud-based financial reporting system that allows site managers to upload expenses and invoices in real-time, ensuring that headquarters can consolidate project costs without delays. Train your team to use these systems effectively and support them with ongoing education.

Financial Reporting 52

Financial Reporting Auditing CFO Compliance 52

PYMNTS

DECEMBER 5, 2019

With card acceptance, vendors can get paid “significantly sooner” on a cost structure that is more affordable than the cost of factoring their outstanding invoices, while allowing clients to maintain their current DPO. Leavitt offered the example of suppliers being reliant on factoring to accelerate cash flow.

Accounts Payable 53

Accounts Payable B2B Reconciliations Accounting 53

BlueLight

JULY 16, 2020

For me, the social purpose is rooted in education and literacy. from taking care of their day-to-day bookkeeping, data entry, reconciliation, cash management, to building the three financial statements. I believe companies are social entities that should serve a purpose to society, beyond just commercial profit.

Startups 52

Startups CFO Reconciliations General Ledger 52

PYMNTS

MAY 15, 2018

Part of innovators’ motivation to target this industry is the fact that there are so many points in business-to-business transacting that have the potential for friction – from supplier sourcing to procurement to payments and reconciliation. “If you look at it in a circular fashion,” he said, “it feeds into itself. .”

B2B 40

B2B Invoicing Reconciliations Education 40

CFO News Room

NOVEMBER 2, 2022

Sends the client an invoice or statement itemizing the fee. a web-based advisor portal, educational webinars and whitepapers, etc.). Itemization includes the formula used to calculate the fee, the amount of assets under management the fee is based on, and the time period covered by the fee.

Compliance 130

Compliance GAAP Investments Advertising 130

PYMNTS

JANUARY 20, 2017

This type of control also helps from both a reconciliation and fraud prevention standpoint. Mehra pointed out that, while Mastercard has helped to push the evolution around virtual card products, there is room for more education and innovation.

Accounts Payable 44

Accounts Payable B2B Education Reconciliations 44

PYMNTS

DECEMBER 4, 2017

And the technology finally exists to make that happen; it simply takes some education to build awareness. But, as Leavitt pointed out, that one payment could be for $5 million representing 5,000 different invoices, which might take two people two weeks to manually account for all line item details if an antiquated payment method is used.

B2B 40

B2B Invoicing Reconciliations Accounts Payable 40