CFO News Room

DECEMBER 16, 2021

These would include eliminating reconciliations altogether (by implementing integrated modules such as fixed assets) or performing reconciliations continually during the period rather than during the period close. . Most importantly, if they come up with ideas, provide them with the support and investment to make it a reality. .

Reconciliations 130

Reconciliations CFO Finance Invoicing 130

PYMNTS

DECEMBER 15, 2017

Complex on so many levels, especially when it comes to payments and, more specifically, invoicing, where demands for payment are tracked through paper and electronic means. Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

PYMNTS

JULY 3, 2020

are still embracing open banking, with a 2018 report finding that 77 percent of FIs intended to invest in open banking initiatives by 2019. Open banking also allows developers to aggregate bank account data into a single accounting portal, enabling automated reconciliation of the entire data set rather than doing it piecemeal.

B2B 111

B2B Banking Invoicing Reconciliations 111

Future CFO

AUGUST 1, 2023

Supriya Deka: The general features of financial applications include accounting, reporting & analytics, bank reconciliation, billing & invoicing, asset management, budgeting & forecasting, financial risk management, expense tracking, and payroll management.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

AUGUST 8, 2018

From receiving invoices in the preferred format, to paying suppliers in the preferred rail and enabling both sides to reconcile the transaction, a lot of friction, errors and cybercrime plague AP departments today. “Customers want the freedom to change the payment provider, and not be dependent on the same system.”

Invoicing 48

Invoicing Accounts Payable Communication B2B 48

PYMNTS

FEBRUARY 26, 2020

Implementing cloud-based ERP software has appealing benefits, but industry analysts find most companies lack the comprehensive AP capabilities necessary for efficient record keeping or rapid invoice and payment processing. The time it takes to process an invoice also drops from 10.3 Upgrading ERP Simultaneously With AP Automation.

Invoicing 83

Invoicing Accounts Payable Reconciliations Accounting 83

PYMNTS

FEBRUARY 24, 2020

These firms are finding that managing both systems in the cloud offers the flexibility and security needed to streamline invoicing and cut costs, while keeping operations running as smoothly and accurately as possible. This shift to the cloud is supported by companies of all sizes, but service-centric enterprises specifically lead the way.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

PYMNTS

NOVEMBER 11, 2020

The Playbook also calls out “three-way invoice matching — in which staff must compare invoices to purchase orders and goods received notes,” and the frustrations that brings, but automation can reduce these stresses by matching these invoices automatically. Clearly, there are issues. A recent survey found that 74.2

Invoicing 87

Invoicing Accounts Payable Treasury Reconciliations 87

PYMNTS

NOVEMBER 9, 2018

Barclays is rolling out an electronic invoicing solution for its U.K. 8) said Barclays now allows small and medium-sized businesses to access a mobile eInvoicing tool, including invoice generation and submission. On average, businesses spend 92 minutes a week on invoicing, amounting to 10 working days a year, reports said.

Invoicing 67

Invoicing Reconciliations Banking Finance 67

PYMNTS

JANUARY 5, 2017

Ricoh Canada revealed this week the launch of its eInvoice Presentment & Payment Service, a solution to help businesses provide electronic invoices to clients and accept payment. Electronic invoicing is considered key to improving B2B payments and processes.

Invoicing 40

Invoicing B2B Accounts Payable Reconciliations 40

PYMNTS

JANUARY 13, 2021

The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. Shields noted that accurately predicting anticipated invoice payment dates can have ripple effects throughout an organization. “No The problems are analog.

Accounting 94

Accounting Invoicing B2B Treasury 94

PYMNTS

OCTOBER 14, 2020

Community banks and regional banks will be able to immediately offer a platform under their own brands, enabling their business clients to automate their accounts payable (AP) through the RegalPay One application without making a large technology investment, according to the announcement. Reconciliation also comes with the offering.

B2B 82

B2B Banking Accounts Payable Reconciliations 82

PYMNTS

FEBRUARY 26, 2020

Accounts payable and finance departments in the middle market want to invest in growth, in products, in service, in people — they don’t want to invest in suppliers or supplier-related processes,” he said, highlighting the supplier management and communication component of AP that is becoming increasingly important.

Accounts Payable 72

Accounts Payable Accounting Invoicing General Ledger 72

PYMNTS

OCTOBER 19, 2016

Cash flow forecasting technology was once only for the massive enterprise, with resources aplenty to invest in such tools and the internal expertise to understand the complexity of it all. But cash forecasting is democratizing to smaller companies thanks to incoming technology, said TreasuryXpress CEO Anis Rahal. ” . ”

Forecasting 77

Forecasting Cash Flow Forecasting Reconciliations Invoicing 77

PYMNTS

MARCH 6, 2020

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. Even so, funds continue to fill their coffers in anticipation of more investments ahead. Airbase said it will use the funding to expand its team, launch its New York City office, and further product development.

B2B 80

B2B Startups Nonprofit Reconciliations 80

PYMNTS

APRIL 7, 2019

The enhancements improve the payment-to-settlement time, increase security and reduce costs for both payers and receivers by further automating and streamlining reconciliation of the growing number of international payments coming from different countries in different currencies,” the company said.

Reconciliations 62

Reconciliations Currencies Invoicing Compliance 62

PYMNTS

JULY 31, 2019

As we continue to invest in our Single-Use Accounts (SM) solution and partner with innovative, industry-leading providers such as Visa and Billtrust, joining the network was a natural step in our road map.”.

B2B 76

B2B Accounts Payable Invoicing Reconciliations 76

PYMNTS

NOVEMBER 3, 2020

Firms can bolster risk management, loan and debt underwriting, portfolio optimization, supply chain risk management and investment idea generation, the release stated. The connection will let firms that have invested in Aptean digitize their AP processes with Palette's offering. They can also assess ongoing credit quality.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

PYMNTS

MAY 28, 2020

The FinTech enterprise Software-as-a-Service (SaaS) company, which is focused on automating treasury management and order-to-cash processes, said the new technology reinforces its investment and plan to make AR automation an important driver for business expansion, according to an announcement.

Technology 52

Technology Reconciliations Accounts Payable Credit Risk 52

PYMNTS

OCTOBER 1, 2020

The news came against a backdrop where other announcements and activities have illuminated the attractiveness of B2B FinTech as an investment space. As reported earlier in this space, dealmaking to date in 2020 has included eCommerce-as-a-Service firm Mirakl securing a $300 million investment, and payments firm Zoop securing a $10.85

B2B 56

B2B Invoicing Practice Management Reconciliations 56

PYMNTS

DECEMBER 5, 2016

For companies large and small today, the first step in strategizing the AR department was to digitize and automate: offer electronic invoices, support electronic payments and enable automated process management. Yes, that largely means automation of processes like invoice management and reconciliation. ”

Invoicing 73

Invoicing Reconciliations Accounting B2B 73

The Finance Weekly

MARCH 13, 2022

Just in the , first half of 2021 , Global venture capital funding shattered records as more than $288 billion was invested worldwide. So, why are VCs investing in the office of the CFO? Existing investors , Bain Capital Ventures , , First Round Capital , , Quiet Capital , , Webb Investment Network , and , BoxGroup also participated.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

APRIL 22, 2017

“It’s not just the real-time transfer that’s important here but the information we can send with the payment,” explained Alicia Pertusa, head of the bank’s Digital Transformation in Investment Banking unit, in an interview with Bloomberg Technology.

B2B 56

B2B Reconciliations Invoicing Banking 56

PYMNTS

JULY 2, 2020

Firms might already be using their cards for corporate travel spend or micropayments, but may rarely use the payment tool to settle supplier invoices. And with more businesses forced to invest in the rapid deployment of their digital migration strategies, commercial cards can be a valuable source of credit to fund that shift.

Economics 104

Economics Accounts Payable B2B Reconciliations 104

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

SEPTEMBER 14, 2018

Traveling further into the world of procurement analytics, these professionals are also exploring trends in supplier behavior, purchase order and invoice management, and beyond. CFOs and controllers are seeing insight into supplier habits, for instance, particularly the issue of vendors backdating their invoices.

Invoicing 59

Invoicing Budgeting Accounts Payable Reconciliations 59

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. However, with technology in place, Rodrigues explained, treasury can be transformed to become the “24/7 investment arm, to support financial and broader goals for global companies.”.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

SEPTEMBER 21, 2018

That includes payment solutions provider MarketInvoice , which collects funds from the buyer within 24 hours of the invoice confirmation. Another company working to help protect companies from the potentially harmful effects of late and non-payments is invoice solutions provider POM. Lessons In Tuition Payment Reconciliation.

Invoicing 46

Invoicing Education Reconciliations Healthcare 46

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. Likewise, companies have invested a significant amount of time and money into their ERP systems. The financial institutions in the U.S.

B2C 81

B2C B2B Accounts Payable Invoicing 81

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. And the most important jobs to be done change entrenched processes that simply don’t work anymore: “There's nobody in the office,” Gavrity said. Looking at Working Capital – and Security.

B2B 97

B2B Accounts Payable Reconciliations Economics 97

PYMNTS

OCTOBER 17, 2017

Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients. In addition to the joint solution, Visa also revealed it has made a strategic investment in Billtrust.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

SEPTEMBER 20, 2018

Virtual cards can be set for single use and for exact invoice amounts, thus mitigating the risk. When combined with innovative authorization parameters, each invoice can be controlled and reconciled in a much more efficient and safe manner, bringing a great deal of value to buyers and suppliers. The Friction Points Hindering Adoption.

Accounts Payable 76

Accounts Payable Invoicing Reconciliations B2B 76

The Finance Weekly

APRIL 13, 2024

These tools offer capabilities ranging from spending tracking and improved budgeting to making informed investment choices. This type of software assists users in closely monitoring their expenditures and crafting efficient budgets, as well as guiding them through the nuances of investment decisions.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

NOVEMBER 1, 2017

The persistence of non-corporate methods like cash, supplier invoices, personal cards or company cash advances may reflect the prevalence of infrequent and non-employee travel,” Sanchez explained. This suggests many companies do not carefully track the return on investment of their card program,” the GBTA Foundation said in its announcement.

Reconciliations 53

Reconciliations Invoicing Compliance Finance 53

CFO News Room

NOVEMBER 2, 2022

In the United States, Registered Investment Advisers (RIAs) are required to register in one of 2 ways: with the Federal government (namely the SEC) or with one (or more) state securities regulatory agencies. Executive Summary. Guest Contributor. Federal Vs State Registration Application Differences For RIAs. Parts Of Form ADV For RIAs.

Compliance 130

Compliance GAAP Investments Securities 130

PYMNTS

NOVEMBER 26, 2019

While nearly half of AP departments surveyed said reporting and data analytics are top priority, many teams struggle to accurately assess the return on investment (ROI) of AP technology. But as the latest PYMNTS Next-Gen AP Automation Tracker report highlights, adoption of AP automation technology continues to face challenges.

Accounting 64

Accounting Accounts Payable B2B Reconciliations 64

PYMNTS

APRIL 18, 2019

There is also the expense outflow of invoice payments, all of which must be recorded in accounting and enterprise resource planning ( ERP ) systems. Airbase aims to streamline expense management across this range of processes, including employee expense, company spend, procurement and invoice payments, and more. ”

Reconciliations 51

Reconciliations Invoicing Finance Accounting 51