Future CFO

FEBRUARY 14, 2025

As businesses navigate their way around various technological advancements, finance teams are faced with the task to integrate analytics and automation into their existing processes, determining at the same time which specific system to transform first for maximum operational impact.

Cash Flow Forecasting 78

Cash Flow Forecasting Compliance Leverage Reconciliations 78

The Finance Weekly

NOVEMBER 3, 2021

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. Defining Account Reconciliation The basic steps involved in reconciliation transactions include the following: 1.

Reconciliations 52

Reconciliations Accounting General Ledger (GL) Finance 52

Future CFO

JULY 21, 2024

The finance team can make this possible through the management of associated risks with AI, as it plays a greater role in the accounting and financial reporting of businesses. Abrol explains that finance leaders must foster a culture of continuous learning to ensure the department remains agile and adapts to technological advancements.

Finance 104

Finance Accounting Principles Problem Solving Accounting 104

PYMNTS

MARCH 10, 2020

Accountant close management software company FloQast has upgraded FloQast AutoRec, the company’s AI-powered solution to account reconciliation, according to a release. . For the unmatched transactions that are left, FloQast helps those get resolved through a standardized Excel account reconciliation, and it has a full audit trail.

Reconciliations 54

Reconciliations Auditing Accounting Leverage 54

Future CFO

OCTOBER 22, 2023

BlackLine recently announced new features to make finance transformation more efficiently. Since BlackLine, we have seen 100% on-time completion rates for all month-end reconciliations. The post Finance transformation: BlackLine adds capabilities for faster financial close appeared first on FutureCFO.

Finance 94

Finance Reconciliations Currencies Accounting 94

The Finance Weekly

MAY 20, 2024

What Is Bank Reconciliation? Bank reconciliation is a process companies use to ensure that their recorded cash balances align with the actual cash held in their bank accounts. Nevertheless, banks still manage most business accounts, and the same reconciliation procedures can be applied to these other cash positions.

Reconciliations 52

Reconciliations Banking General Ledger Accounting 52

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. Lee Chee Leong.

Finance 98

Finance SAP Cash Management Invoicing 98

CFO Leadership

OCTOBER 10, 2023

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. AI is a tool and not a replacement for finance professionals.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

PYMNTS

NOVEMBER 23, 2020

The way entrepreneurs are managing their businesses — and their businesses' finances — is changing, with complexities and pain points multiplying. Amid the market uncertainty of the pandemic, small business owners often have to do more with less, and they're expecting the financial technology solutions they use to do the same.

Finance 106

Finance Invoicing Cash Management Reconciliations 106

CFO Talks

MARCH 25, 2025

You rely on reports to be accurate, dashboards to tell the truth, and your finance systems to run without hiccups. Or worse, the sales data in your dashboard doesnt match what your finance team has on record. If your sales, inventory, and finance numbers dont alignthis is where you catch it before it becomes a board-level problem.

CFO 52

CFO Reconciliations Finance Auditing 52

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

PYMNTS

JANUARY 26, 2021

Doing so, the bank noted, will streamline and enhance a range of payment-related workflows, including sanctions screening, anti-money laundering (AML) checks, reporting and reconciliation. to bring its blockchain-powered corporate trade financing technology into the entity. HashCash Brings Blockchain Tech To Unnamed Bank.

Banking 142

Banking Reconciliations Financial Data B2B 142

CFO Thought Leader

JANUARY 27, 2025

Before joining Flywire as CFO, Pitigoi spent two decades rotating through leadership roles at eBay and PayPal, building his finance acumen across treasury, investor relations, FP&A, and data analytics. This mindset ultimately shaped his approach to finance leadership: be as fluent in data as in interpersonal communication.

CFO 59

CFO Numbers Quantitative Analysis Communication 59

Embark With Us

JANUARY 19, 2022

That's the dynamic running rampant across industries right now, with finance organizations pushing Excel past its natural limits and, in turn, preventing their companies from taking a deep dive into the business intelligence pool. Alteryx Use Cases for Finance Professionals and Functions. Reconciliations shouldn't induce night sweats.

Accounting 98

Accounting Finance Data Analysis General Ledger 98

PYMNTS

DECEMBER 29, 2020

APIs have similarly become valuable tools to automate reconciliation and accounting via interconnectivity between AR, AP and accounting systems. It's a concept that involves the seamless, automated movement of documents and data between parties and through workflows, from purchase order to invoicing to payment to reconciliation.

B2B 114

B2B Reconciliations Accounts Payable Invoicing 114

E78 Partners

NOVEMBER 19, 2024

Here are four of the most common audit preparation obstacles and practical ways to overcome them, based on client experience supporting finance teams through efficient and streamlined audits.

Auditing 52

Auditing GAAP Restructuring Compliance 52

The Charity CFO

APRIL 1, 2025

WHATS INSIDE: 6 PILLARS OF NONPROFIT FINANCIAL MANAGEMENT The 30 points in The Charity CFO Financial Blueprint are grouped into six essential categorieseach representing a core component of sustainable nonprofit finance. In a recent episode, we explored one of the most overlooked topics in nonprofit finance: diffused financial responsibility.

Nonprofit 52

Nonprofit CFO Leadership Cash Flow Forecasting 52

PYMNTS

JANUARY 19, 2021

Now that BNL’s account aggregation feature is live, the companies are collaborating on the launch of a money management tool for BNL customers designed to provide greater clarity into overall finances for commercial clients. Absa Group Collabs With Surecomp. ICICI Adds AlignBooks Technology. Caixa Geral de Depósitos Chooses Backbase.

Banking 136

Banking Reconciliations Compliance Finance 136

PYMNTS

NOVEMBER 23, 2020

The result, according to the firms: simplified money movement between buyers and suppliers and automated payment processing and expense reconciliation. Commercial Pay Travel helps companies manage business travel spend by integrating with business travel reservation processes and reconciliation. Visa and Conferma Pay said Monday (Nov.

B2B 115

B2B Reconciliations Finance eCommerce 115

PYMNTS

JUNE 12, 2020

Freelancers have seen particularly harsh economic effects from the ongoing pandemic. Forty percent of those in the U.S. have lost at least $10,000 in income since its onset, leaving many operating on fast-declining savings. The nation

Reconciliations 53

Reconciliations Invoicing Finance Economics 53

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. Although this digitization effort is now a necessary one in order to empower businesses and their teams to keep operations flowing in a remote work setting.

Finance 82

Finance Invoicing Reconciliations Prioritization 82

PYMNTS

JANUARY 22, 2019

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. Hospitals can often struggle to manually reconcile cash flow coming from multiple sources.

Cash Management 73

Cash Management General Ledger Reconciliations Healthcare 73

PYMNTS

OCTOBER 18, 2020

Buxton previously worked for cloud application monitoring platform Datadog as VP of finance, where he led the company to a $9 billion valuation and a current market capitalization of upwards of $25 billion, with the number of employees growing from 100 to 2,000 during his tenure, the release says.

Finance 64

Finance CFO Reconciliations Credit Risk 64

PYMNTS

MARCH 10, 2020

SMBs can also review transactions to measure how finances are doing. This is the start of a series of capabilities that we plan to introduce with Xero to improve the way small businesses manage their finances across platforms.”. The collaboration is live in Australia, and later in 2020 will be offered to users in the U.K.

Reconciliations 52

Reconciliations Foreign Exchange Currencies Accounting 52

The Finance Weekly

FEBRUARY 22, 2025

Primarily built for large enterprises and growing mid-sized businesses, the platform supports finance teams in budgeting, forecasting, workforce planning, and financial close processes. 3) Operational Planning Beyond finance and HR, it supports holistic business planning across departments. Who Its Meant For?

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

APRIL 9, 2019

While use of trade finance continues to climb, the International Chamber of Commerce ‘s Banking Commission has warned the financial services market that small and medium-sized business (SMB) access to trade finance is disproportionately low, as large financial institutions (FIs) pull back from the SMB borrower segment.

Finance 63

Finance Cash Flow Forecasting Reconciliations Treasury 63

CFO Thought Leader

AUGUST 10, 2023

CFO GUEST: Jim Caci of Ave Point 923: From Inside a Remote Address | Jim Caci, CFO, AvePoint MADE POSSIBLE BY LEDGE | Ledge is a command center for payments built for finance teams operating at scale. Finance teams regain control of payments and are freed to focus on strategic business impact, not manual payments work.

CFO 52

CFO Finance Reconciliations Leadership 52

PYMNTS

FEBRUARY 25, 2020

Singaporean peer-to-peer (P2P) platform Funding Societies will partner with Singapore eBusiness (SGeBIZ) for a new way to provide financing solutions to customers, reports said. The survey predicted innovations in SMB working capital financing to grow more than 20 percent by 2025. Funding Societies has worked with more than $1.1

Finance 56

Finance Reconciliations B2B Invoicing 56

Future CFO

JUNE 24, 2024

Not every finance professional can be sharp enough to detect key highlights and provide analysis for the financial statements. Put that seasoned finance professional into a powerful algorithm developed through data science and you get Generative Artificial intelligence (Gen AI).

Auditing 111

Auditing Financial Analysis Forecasting Reconciliations 111

Future CFO

OCTOBER 24, 2021

Mastercard announced recently a new supply chain finance offering within Track Business Payment Service (Track BPS) , saying it is designed to increase access to working capital while lowering costs, reducing complexity and risk, and accelerating automation when businesses pay and get paid.

Finance 52

Finance Accounts Payable Reconciliations Accounting 52

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

Future CFO

APRIL 27, 2023

Stripe announced recently the expansion of its revenue and finance automation suite to give businesses in Asia Pacific power over the entire life cycle of their cash flow. Stripe said its suite relieves those burdens by equipping finance leaders with revenue management tools that are as sophisticated as the businesses they run.

Finance 52

Finance Reconciliations Invoicing Data Analysis 52

Future CFO

MAY 23, 2024

According to a press release, the state-of-the-art AI functionality in CCH® Tagetik Intelligent Platform empowers finance professionals to democratise access to meaningful financial data, manage and control massive datasets with unprecedented speed and automation, unlock hidden insights, and improve and expedite decision making.

Finance 52

Finance Reconciliations Forecasting Financial Data 52

CFO Thought Leader

JANUARY 29, 2025

Over five years, TDS tripled in size through seven acquisitions, Collis tells us, requiring him to integrate diverse cultures, systems, and processes while scaling the finance team from 10 to 30 members. Position your finance organization as a key driver supporting and accelerating your companys strategy.”

CFO 52

CFO Accounts Payable Invoicing Reconciliations 52

FISPAN

JANUARY 12, 2022

This data feed is the mechanism that securely exports valuable banking information and imports it into such modules automatically — saving finance teams many hours of manual work and reducing the amount of human error. FISPAN regularly syncs with its network of financial institutions to retrieve fresh and up-to-date data.

Reconciliations 96

Reconciliations Banking Securities Leverage 96

CFO Thought Leader

JULY 5, 2023

Noto realized that Verizon’s partners saw finance as the leader, not just a reactive process. 913: The Rewards of “Ruthless Transparency” | Jeff Noto, CFO, Zayo MADE POSSIBLE BY LEDGE | Ledge is a command center for payments built for finance teams operating at scale.

Leadership 52

Leadership CFO Finance Reconciliations 52

Bramasol

MAY 6, 2022

In too many instances, as CIOs and CFOs implement new software to improve finance processes, the expediency of getting systems up and running quickly can create isolated silos of inefficiency across the enterprise-wide technology landscape. Need for ongoing data manipulation and reconciliation between systems. Sources of Digital Debt.

SAP 65

SAP Finance Reconciliations Leverage 65