PYMNTS

NOVEMBER 23, 2020

The way entrepreneurs are managing their businesses — and their businesses' finances — is changing, with complexities and pain points multiplying. As these payment gateways increase support for faster payments, opportunities to combat delayed invoice payment scenarios will grow.

Finance 106

Finance Invoicing Cash Management Reconciliations 106

Future CFO

FEBRUARY 24, 2022

Deloitte’s updated Finance 2025: Digital transformation in finance lists eight predictions revolving around digital technologies. Four of the predictions have automation at the heart of the prediction: The finance factory: Transactions will be touchless as automation and blockchain reach deeper into finance operations.

Finance 97

Finance Invoicing Accounting Budgeting 97

The Finance Weekly

NOVEMBER 8, 2022

A finance software stack is a list of top solutions that will produce the best results for finance teams. Finance is responsible for a large number of critical operations in a business. Here are the 7 best finance software solutions broken down into different categories: 1) Accounting. Low implementation times.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Accounts Payable Invoicing 98

Future CFO

MARCH 16, 2022

According to the company’s assistant finance manager Kausalyaa Somosundaram , the exercise was primarily aimed at allowing the company to track its bookkeeping – both accounts receivables (ARs) and accounts payables (APs) – from one place. Simultaneous with the automation, we come up with a process flow for our finance process.

Finance 98

Finance Accounts Payable Invoicing Compliance 98

CFO Talks

OCTOBER 23, 2024

Accountability in Finance Teams, Methods and Benefits Accountability is a big deal in any business, but for finance teams, it’s especially important. Whether it’s handling invoices, managing payroll, or preparing financial reports, no one should be left guessing about their tasks. And the benefits?

Accounting 98

Accounting Finance CFO Invoicing 98

PYMNTS

AUGUST 9, 2020

Due to the SAP Ariba Network, suppliers have access to better visibility for invoices and orders, with the ability to self-manage account information, submit invoices electronically and receive new purchase orders. Strides have been made lately toward eliminating late invoice payments, PYMNTS reported.

SAP 144

SAP Invoicing Risk Management Education 144

Future CFO

APRIL 22, 2024

The evolution of the finance function over the past few years has been anything but apparent, with the whole advent of digitalisation within the team and the non-stop shifts in the market. For many Finance teams, AI-powered technology does not replace humans as it functions more like a highly specialised team member.

Finance 98

Finance Budgeting Accounts Payable Concentration 98

Future CFO

APRIL 7, 2022

In one FutureCFO workshop of finance leaders, despite two-thirds using some of the most advanced ERP tools in the market, nearly all concede the use of spreadsheets as part of work. Forty-three years on, spreadsheets are still a staple of finance functions for companies big and small. Albert Leong.

Finance 98

Finance SAP Cash Management Invoicing 98

Bank of the West

NOVEMBER 22, 2021

Digital payments are becoming a larger part of the retail domain, with more corporations adopting digital measures like e-invoicing that help banks play a central role in facilitating payments services between key partners and customers.

Finance 98

Finance Invoicing Banking Technology 98

Future CFO

MARCH 5, 2023

“Finance automation technology integrates machine learning and artificial intelligence for use in areas such as financial analysis, payroll administration, invoice automation, collections action, and preparing financial statements. What aspect of the finance function benefited most from the introduction of automation, and why?

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Accounts Payable Financial Analysis 98

https://trustedcfosolutions.com/feed/

JUNE 2, 2022

Suppose your company finances are complicated and include multiple entities or locations. Create quotes, sales orders, backorders, invoices, returns, credit memos, debit memos, and more with ease and rapidly deliver them via email. The post How Complex Are Your Business Finances? No two businesses are exactly alike.

Finance 104

Finance General Ledger IFRS GAAP 104

PYMNTS

OCTOBER 1, 2020

As banks look to streamline access to finance or make it easier to safely share financial information with apps, Barclays Business Banking and Wells Fargo are joining forces with FinTechs on digital initiatives. PYMNTS rounds up the latest partnerships and initiatives below. Barclays & Propel. Wells Fargo & Envestnet.

Finance 91

Finance Banking Foreign Exchange Invoicing 91

PYMNTS

NOVEMBER 17, 2020

This week's look at the most recent initiatives in partnerships and open banking reveals a focus on SMB lending and finance, while Banking-as-a-Service (BaaS) also gains traction to allow non-banks to offer their own banking services to corporate customers. Allied Irish Bank Embraces LendScape Receivables Finance.

Finance 99

Finance Banking B2B Invoicing 99

The Finance Weekly

JANUARY 5, 2025

Finance Artificial Intelligence (A)I chatbots are reshaping how businesses handle customer interactions and streamline financial operations. What Are Finance AI Chatbots? At their core, finance AI chatbots are virtual assistants designed to automate financial tasks and provide customers with personalized, real-time support.

Finance 52

Finance Budgeting Financial Data Forecasting 52

PYMNTS

JANUARY 20, 2021

Corporate finance teams were not simply tasked with finding ways to continue operations in a remote work environment as a result of the coronavirus crisis. There were cases where some of these finance teams could not even understand what their cash visibility looked like.”. The Biggest Pain Points, Revealed.

B2B 125

B2B Prioritization Invoicing Corporate Finance 125

PYMNTS

DECEMBER 28, 2020

Six months in prison will be served by the CEO of a children's apparel company after being found guilty of invoice fraud, a notice from the U.S. According to the DOJ, the CEO was involved in a scheme in which the executive intentionally understated the value of goods on an invoice in order to avoid custom duties owed to the U.S.

B2B 116

B2B Accounts Payable Invoicing Manufacturing 116

The Finance Weekly

APRIL 13, 2024

Every modern enterprise, regardless of size, requires finance software to manage various aspects of its financial health. However, with the abundance of finance software available today, selecting the right one can feel overwhelming.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

PYMNTS

JUNE 29, 2020

Despite widespread disruption in global supply chains, a new report from Medius indicates that supplier invoice and payment volumes have actually remained relatively stable this year compared to last. Its annual Payment Practices Barometer report found that across Asia, organizations are taking longer to pay their B2B invoices.

Invoicing 102

Invoicing B2B Restructuring Finance 102

PYMNTS

AUGUST 14, 2020

AP team members who are working from home need to receive invoices easily, monitor upcoming bill due dates and approve or issue payments. One key solution is invoice processing automation, which works to extract information from paper or PDF supplier invoices. Working Efficiently From Home .

Invoicing 106

Invoicing Economics Budgeting Forecasting 106

PYMNTS

FEBRUARY 1, 2021

Although the purpose of digitization in the finance department is, in many cases, to strengthen cash management, the effect of so many siloed systems can actually be quite different. As Berghald explained, that’s because each critical function — from invoicing to payment to accounting — all occur separately from each other.

Finance 82

Finance Invoicing Reconciliations Prioritization 82

CFO Selections

JUNE 21, 2023

Invoice factoring, also known as accounts receivable financing, improves cash flow by selling your company's outstanding invoices to a factoring company for a fee. Invoice factoring can be a powerful tool for improving cash flow, but it needs to be used wisely as part of a well-considered overall financial strategy.

Invoicing 52

Invoicing CFO Accounting Finance 52

PYMNTS

NOVEMBER 9, 2020

Plus, Lloyds Bank partners with a FinTech to streamline supply chain finance, Expensemanager collaborates to automate expense management and Xendoo pairs up on accounts receivable optimization. Lloyds Bank Commercial Banking has partnered with Demica , a working capital FinTech, to roll out a new supply chain finance platform for U.K.

B2B 76

B2B Finance Invoicing Accounting 76

PYMNTS

DECEMBER 14, 2020

The problem with this strategy, however, is that when every company is looking get paid more quickly but pay their own invoices later, B2B buyers and vendors quickly find themselves in a position in which their own cash flow goals contradict each other. That's error-prone, very static, and takes a lot of time.". Optimizing Payments.

Accounts Payable 123

Accounts Payable Cash Flow Forecasting Invoicing Prioritization 123

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

CFO News Room

DECEMBER 16, 2021

Of course, this starts with the finance team, ensuring it is efficient and effective and trying to extract the maximum value from the resource available. . So, with everyone working at full tilt, how can the CFO improve the productivity of the finance team? The single biggest issue we face is the mentality of the finance team itself.

Reconciliations 130

Reconciliations CFO Finance Invoicing 130

CFO Thought Leader

OCTOBER 29, 2024

At the time, Gronen was vice president of finance, responsible for assessing acquisitions and analyzing their outcomes. This experience shaped Gronen’s career, reinforcing his commitment to taking on complex challenges and thinking beyond traditional finance roles. Right now, many companies receive invoices in paper envelopes.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) CFO Finance Profit and Loss 52

Navigator SAP

FEBRUARY 17, 2022

Benefits of Cloud ERP in Finance Departments and Other Business Functions Cloud ERP software simplifies operations by allowing your business to centralize documents, create templates, automate and streamline processes, and track manufacturing and distribution progress in real time.

SAP 130

SAP Invoicing Manufacturing Compliance 130

PYMNTS

DECEMBER 28, 2020

As the single source of truth within the back office, the enterprise resource planning (ERP) system continues to play a vital role across many functions, particularly those involving finance and payments. At the end of the day, invoice payments are a huge component of the construction process," said Satran. "No

Construction 111

Construction Invoicing Auditing Finance 111

Future CFO

AUGUST 20, 2024

Finance leaders must temper their expectations around generative artificial intelligence (GenAI) even amid the significant hype in the market, according to Gartner. Although Gartner experts forecast disillusionment with GenAI tools in finance in the future, this isn’t to say the technology won’t be useful in finance.

Finance 59

Finance Forecasting Auditing Invoicing 59

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. 12,600 was scammed from an Australian business via a fraudulent invoice , local reports said. But the BEC scam is not the only kind of business payments fraud plaguing firms today.

Invoicing 91

Invoicing Construction Corporate Finance B2B 91

CFO Talks

OCTOBER 3, 2024

This type of fraud often aims to meet financial targets or secure financing under false pretenses. 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

JANUARY 13, 2020

PYMNTS’ examination of recent cases finds employees falsifying invoices, doctoring checks and faking out companies to steal money from employers. million was embezzled from a Kentucky school district , pointing to a former finance director, now the subject of an FBI probe. According to local Kentucky Today reports, $1.5

B2B 89

B2B Invoicing Currencies Construction 89

PYMNTS

APRIL 29, 2020

Surecomp Wields Open Banking For Trade Finance. Trade finance technology firm Surecomp is expanding its capabilities for developers and lenders, launching an API dubbed APIsure. FAB Teams Up For Digital Invoicing. Invoices can be sent via SMS, email or WhatsApp, and payments can be accepted on orders before delivery begins.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

Future CFO

MARCH 14, 2022

International SOS embarked on the digital transformation of its finance operations by automating its procure-to-pay and accounts receivable processes. Collaborating closely with technology partner Esker Asia, the company moved from 85% paper-based invoices to handling 95% electronic invoices today. Ross Mackay. Ross Mackay.

Invoicing 97

Invoicing Finance Accounting Banking 97

Future CFO

APRIL 15, 2024

launched its generative artificial intelligence -powered Journals Risk Analyser, empowering finance and accounting leaders with anomaly detection. The new technological advancement paves way for powerful insights and trends to help out finance professionals to streamline audits and boost risk management and compliance. BlackLine, Inc.

Finance 52

Finance Auditing Compliance Risk Management 52

PYMNTS

FEBRUARY 14, 2020

. “As a result, companies are forced to keep extraordinary amounts of excess inventory or buffer stock, spend large amounts on expedited freight, finance inventory over long lead times, lose productivity due to highly manual workarounds and have cash flow tied up due to unnecessary invoice-to-payment cycles,” he said.

Invoicing 99

Invoicing Transportation B2B Technology 99

The Finance Weekly

DECEMBER 2, 2024

When you’re making small-talk with someone who isn’t in finance or accounting about how work is going, and they answer with “busy,” do you ever question how hard it really is? We spoke to 20 finance teams for research on this article. After all, how busy someone is will be relative to their business, function, and industry.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Data Analysis Financial Modeling 52