CFO Share

JUNE 18, 2024

Poor or unnecessary integrations can lead to data inaccuracies, inefficiencies, and increased workload. Practice reconciliation both with and without the integration. Implement Sign-Offs and Quality Assurance from Other Departments Asking your bookkeeper to validate all financial data is unrealistic and sets them up for failure.

General Ledger 105

General Ledger CFO Accounts Payable Financial Data 105

The Finance Weekly

FEBRUARY 22, 2025

Project Planning - Assess project impact on financial and operational performance. Marketing Planning - Optimize marketing spend by analyzing budget allocations vs. sales objectives. Period Close Management - Automate account reconciliation and reduce financial close cycles.

Financial Planning and Analysis (FP&A) 52

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

Future CFO

AUGUST 1, 2023

The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific. Companies are increasingly seeking secure and compliant solutions to manage their financial data.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

Simply Treasury

JUNE 3, 2021

Here again, it seems to us that the need to dematerialize, digitize and automate is logical to make companies more resilient and efficient in their financial management. Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

Adam Kae

MAY 30, 2023

Greetings, digital marketing agency owners! Today, we delve into the captivating realm of financial automation and explore how it can revolutionize the way we manage our agency's finances. Supercharge Your Invoicing Process As a digital marketing agency, invoicing can be a tedious and time-consuming task.

Marketing 52

Marketing Invoicing CFO Reconciliations 52

PYMNTS

FEBRUARY 8, 2019

Financial data technology firm Validis is rolling out a new solution designed to automate month-end reconciliation processes for small business lenders and invoice financing firms. 7), Validis said it has rolled out DataShare Reconciliation for small business lenders offering Confidential Invoice Discounting (CID).

Invoicing 46

Invoicing Reconciliations Concentration Financial Data 46

Future CFO

JULY 21, 2024

Given the advent of artificial intelligence and machine learning, the accounting profession faces challenges in talent as it continues to navigate its way around digitisation and shifts in the market. Now, beyond interpreting financial data, we’re now also embracing sustainability reporting and assurance – a rapidly growing field."

Finance 104

Finance Accounting Principles Problem Solving Accounting 104

CFO Talks

SEPTEMBER 5, 2024

Whether it’s streamlining financial reporting, enhancing data accuracy, or ensuring compliance with South African regulatory standards, clearly defining these objectives will guide the entire design process. Choosing the Right Software and Technology Selecting the appropriate financial software is a critical decision.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

PYMNTS

JUNE 19, 2020

“Latin America is a highly attractive growth market for us, and the acquisition of Omni will significantly expand our capabilities in this important region,” the firm’s Founder and CEO Lex Greensill said in a statement. BizCapital targets SMBs in the market with an online platform for companies to access working capital.

B2B 73

B2B Startups Reconciliations Accounting 73

Bramasol

JULY 26, 2024

As shown below, the three acceptable methods for estimating SSP are 1) Adjusted Market Approach, 2) Expected Cost Plus Margin Approach, and 3) Residual Approach. Manual Processes: Reliance on manual data entry and spreadsheet-based reconciliations can be time-consuming and error-prone.

SAP 80

SAP IFRS GAAP Compliance 80

Global Finance

SEPTEMBER 9, 2024

Treasury must be able to react quickly to new scenarios while optimizing liquidity in both the short and long term to secure the company’s financial health. Things change on a daily basis, which is very different from three or four years ago,” says Herve Carrere, chief product officer, Treasury and Capital Markets, at Finastra.

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

Future CFO

JANUARY 22, 2024

The accounting industry is undergoing profound transformation due to rapid technological advancements across all sectors in the market. Modern accounting software integrates seamlessly with diverse financial systems, automating tasks such as data entry, bank reconciliation, and invoice processing.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

PYMNTS

NOVEMBER 4, 2016

In B2B payments, that can mean discontent in the way traditional banks and FIs do business or a need for disruptive technologies to come to market faster than banks can offer. Moore explained that this also presents a window for financial institutions like Capital One to enter into the blockchain space altogether. ”

Treasury 79

Treasury B2B Leverage Reconciliations 79

Spreadym

JULY 10, 2023

Here are the typical steps involved in the financial close process: Pre-Close Activities: This phase involves preliminary activities to prepare for the close process, such as reviewing account reconciliations, ensuring the completeness of transactions, and resolving any outstanding issues or discrepancies.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

PYMNTS

JANUARY 26, 2018

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47

PYMNTS

AUGUST 5, 2016

The market is on the cusp of a groundswell of adoption of these technologies, says Therese Tucker, CEO of accounting solutions firm BlackLine , after a long lull among mid-market firms. There is seemingly no end to the discussion of how automated accounting can improve a business’ performance.

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

PYMNTS

JANUARY 22, 2021

In addition to the data stemming from incoming and outgoing payments, Franco said he saw the need to embrace a cloud infrastructure to manage data across the back office. The focus is on real-time transactional data, and making sure we take manual processes out of reconciliation.".

Healthcare 74

Healthcare B2B Prioritization Accounts Payable 74

PYMNTS

JANUARY 26, 2017

“Processing corporate payments as peer-to-peer, directly on blockchains, gives for instant settlement and, therefore, real-time reconciliation and accounting,” the company said. Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too.

SAP 57

SAP Invoicing Reconciliations B2B 57

Bramasol

MAY 13, 2024

Another key reason you should pay attention to activities at the PCAOB and AICPA is to stay abreast of potential future decisions that could impact your systems and processes for tracking, collecting, analyzing and reporting key financial data.

Auditing 84

Auditing Compliance SAP Accounting Standards 84

PYMNTS

MAY 23, 2017

Sage and Cashplus are integrating each other’s data to launch a new Sage tool called Bank Feeds, which means joint customers of Sage solutions and Cashplus business accounts can automate and streamline bank reconciliation to ensure accounts and records are up to date and accurate. s digital tax initiative. “As

Banking 43

Banking Reconciliations Accounting Compliance 43

CFO Plans

SEPTEMBER 24, 2024

By leveraging the cloud, businesses can access their financial data anytime, anywhere. This not only enhances flexibility but also ensures that your data is secure and up-to-date. Cloud-based accounting services reduce the need for manual data entry, thereby minimizing errors and saving valuable time.

Accounting 52

Accounting CFO Compliance Financial Reporting 52

PYMNTS

JANUARY 5, 2017

The tool integrates into existing accounts receivable and accounts payable platforms, the company said, adding that the new solution looks to aid in common issues of B2B payments, including misplaced invoices, manual reconciliation and chasing down outstanding payments.

Invoicing 40

Invoicing B2B Accounts Payable Reconciliations 40

PYMNTS

JANUARY 29, 2020

Time to market and cost are the primary challenges banks will face” in developing their own products. As Cichy explained, P2P is a particular hotbed of FinTech innovation today, making it even more difficult for banks to invest in developing their own solution — and launch them to market in time to remain competitive and relevant. “To

Banking 52

Banking Accounts Payable Vendor Management Reconciliations 52

PYMNTS

JUNE 28, 2019

The $1 million in Seed funding for India-based Recko will help the firm grow its payments reconciliation solution for companies in the banking, lending, insurance, eCommerce and telecom industries.

Valuation 43

Valuation Reconciliations B2B Startups 43

CFO Plans

SEPTEMBER 24, 2024

These platforms offer real-time financial reporting, automated accounting services, and seamless integration with other business tools. With cloud-based solutions, small businesses can access their financial data from anywhere, at any time, ensuring they stay on top of their financial health.

CFO 52

CFO Startups Tax Planning Accounting 52

The Finance Weekly

MARCH 13, 2022

For example, among publicly traded firms worldwide, seven of the top eight firms by market capitalization in May 2020 had been backed by venture capital prior to their initial public offerings: Alphabet, Apple, Amazon, Facebook, and Microsoft in the United States, and Alibaba and Tencent in China.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Investments CFO Accounts Payable 52

Future CFO

JANUARY 12, 2021

All in all, the ability to quickly analyse and respond to sudden changes in the market and company resources has become even more vital to the finance function. Financial close continuity An accurate and compliant close must be sustained despite stretched resources.

Foreign Exchange 40

Foreign Exchange CFO Compliance Reconciliations 40

Future CFO

AUGUST 3, 2021

The pandemic gave new meaning to financial agility. It became vital as companies pivoted, recalibrated their financial models, and looked to withstand market shocks. For financial leaders, this shift in meaning created challenges. When COVID-19 hit the Asia Pacific region, market outlooks became clouded.

Finance 52

Finance Forecasting Financial Modeling Accounts Payable 52

PYMNTS

SEPTEMBER 12, 2018

There is no shortage of FinTech firms that have emerged since the 2008 financial crisis aiming to facilitate access to small business capital, many of which target supplier and invoice financing specifically. As the industry grows, access to small business financial data is a critical component of risk mitigation and underwriting practices.

Finance 40

Finance Accounts Payable Invoicing Reconciliations 40

Finvisage

DECEMBER 31, 2019

The oil market has a long and colorful history of trading busts. Risk of Illicit financial activities seen at Patisserie Valerie could have been mitigated with our Treasury Management System. Manipulating accounting figures in decentralized and error prone spreadsheets is straightforward where reconciliation is time consuming.

Reconciliations 52

Reconciliations Accounting Financial Analysis Construction 52

PYMNTS

SEPTEMBER 4, 2018

Deutsche noted that this tool supports real-time treasury with the ability to automate reconciliation and cash allocation, interconnecting data between accounts payable and accounts receivable.

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

FEBRUARY 15, 2019

However, there are other risks facing organizations in the market today, including the challenge of identifying the best suppliers with which to work. “People want to mitigate risk of where they are buying from,” he said. “They don’t want users buying from fraudulent suppliers.

Education 49

Education Accounts Payable Reconciliations Prioritization 49

The Finance Weekly

OCTOBER 13, 2021

This past year has magnified challenges for organizations and their respective industries in unique ways, but there's one common theme we've noticed across the board: Those who were able to adapt quickly found new, unexpected ways to thrive and grow in the midst of one of the most difficult market environments in modern history.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Economics Risk Management Reconciliations 52

PYMNTS

MARCH 1, 2018

FlitWays is instead looking to curate the fragmented ground travel market in order to meet the various needs of business travelers while giving them more of a business-like experience. “The thing about Uber and Lyft is they have a more consumer-facing application that they are trying to introduce for corporate travelers,” said Mac.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40

CFO Leadership

MARCH 31, 2022

Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. Connect to your global banks to automate statement collection and reconciliation. Five steps to improve global cash visibility. In the dark about global cash? Download the fact sheet.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

OCTOBER 30, 2019

“While adoption for consumer accounts is enhanced through regulatory drivers, adoption for business accounts is based on market interest,” she stated in her presentation at the Association for Financial Professionals’ AFP 2019 event. Though open banking is not a regulatory mandate in the U.S., Banks, FinTechs Team Up.

Banking 41

Banking Foreign Exchange B2B Accounting 41

The Finance Weekly

APRIL 13, 2024

It is a cloud-based software solution designed for financial planning and analysis, streamlining businesses' budgeting, forecasting, and reporting operations. It offers real-time insights into financial data, it empowers users to produce efficient plans, reports, and analyses. Key Features Intuitive user interface.

Financial Planning and Analysis (FP&A) 52

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