CFO Dive

APRIL 8, 2024

Monitoring and keeping DSO in check is key to preventing cash flow difficulties, Allianz Trade’s Ano Kuhanathan says.

Invoicing 177

Invoicing 177

Navigator SAP

NOVEMBER 15, 2024

Another example is using standard invoicing processes in an enterprise resource planning solution (ERP). A fit-to-standard solution for invoicing relies on the industry standard invoicing processes and workflows within an ERP system instead of using invoicing processes that are atypical and require custom code.

Invoicing 202

Invoicing Planning SAP 202

CFO Dive

APRIL 18, 2022

Over one-third of your invoices have errors, and costs to process these may be up to ten times greater than a "clean" invoice.

Accounts Payable 226

Accounts Payable Accounting Invoicing 226

CFO Dive

MAY 3, 2024

With higher rates and an uncertain economy, many companies are paying invoices late because they don’t know when capital will be available next, Capchase’s Przemek Gotfryd writes.

Marketing 237

Marketing Invoicing CFO 237

CFO News

MAY 10, 2023

Currently, the threshold for business annual turnover above Rs 10 crore is required to issue e-invoicing. The move is aimed at further improving compliance and further plugging gaps in revenue collection.

Invoicing 98

Invoicing Compliance 98

CFO News

DECEMBER 4, 2023

CBIC has implemented two-factor authentication for e-waybill and e-invoice systems from December 1, heightening security measures within the goods and services tax systems.

Invoicing 98

Invoicing Securities 98

CFO Dive

MAY 26, 2023

Leveraging intelligent automation to process invoices can help, Steven Cronin writes. CFOs are under growing pressure to drive efficiencies at zero cost.

Accounts Payable 233

Accounts Payable Accounting Invoicing Leverage 233

CFO Dive

JANUARY 18, 2023

Unpaid invoices take a nasty bite out of cash flow. Dean Kaplan writes that taking time early on to evaluate receivables and stratify accounts for fast attention will pay off.

Accounting 219

Accounting Invoicing 219

CFO News

DECEMBER 26, 2024

In 2024, Indias GST framework saw measures like the Amnesty Scheme, e-invoicing mandates, biometric authentication, and GSTAT operationalisation, streamlining compliance, reducing disputes, and enhancing technology.

Invoicing 75

Invoicing Compliance Technology 75

Navigator SAP

NOVEMBER 22, 2024

This can include purchase orders, invoices, and billing information. Configuring an EDI connection is not always simple, however, which is where EDI templates come in. EDI is the process of electronically exchanging business data that was traditionally handled with paper.

SAP 257

SAP Invoicing Technology 257

CFO Dive

SEPTEMBER 12, 2023

When it comes to managing thousands of invoices, artificial intelligence and automation can run a much tighter ship than humans, asserts Medius executive Branden Jenkins.

Investments 204

Investments Invoicing 204

CFO Dive

JULY 26, 2023

Fraud and missing information are some of the culprits behind prompt processing of invoice payments, Versapay CFO Russell Lester said.

Accounting 199

Accounting Invoicing CFO 199

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

CFO News

SEPTEMBER 9, 2024

The 54th GST Council meeting concluded on Monday unveiled major reforms, including new Groups of Ministers, tax rate adjustments, and a voluntary B2C e-invoicing pilot, shaping India's tax landscape. ETCFO brings to you key highlights

B2C 75

B2C Invoicing 75

Future CFO

SEPTEMBER 3, 2024

Source-to-Pay (S2P) and Procure-to-Pay (P2P) specialist Valtatech is integrating with Microsoft Dynamics 365 and the Pax8 marketplace to drive Malaysia’s ongoing e-invoicing transformation, according to a press release. The post Valtatech integrates with Microsoft to drive Malaysia’s e-invoicing transformation appeared first on FutureCFO.

Invoicing 52

Invoicing Auditing Economics Securities 52

PYMNTS

OCTOBER 30, 2020

Digitizing documents is key to optimizing workflows, but when it comes to the procure-to-pay space, not all digital invoices and purchase orders are created equal. XML invoices, which digitize the data on the invoice, are only a fraction of total invoice volume. What It Means to Be Digital.

Invoicing 110

Invoicing Cash Flow Forecasting Reconciliations Forecasting 110

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

PYMNTS

JUNE 25, 2020

But as David Landsberg , co-founder and CEO of Peasy , recently told PYMNTS , these programs aren’t always effective, and can sometimes create a scenario in which a supplier accepts a steep discount on an invoice without ever actually being paid. Peasy recently launched in the U.K.

Invoicing 112

Invoicing Accounts Payable B2B Currencies 112

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

DECEMBER 15, 2020

The push toward modernization does not stop at fund transfers, either, and companies are adopting digital supports to help them more smoothly and rapidly process invoices. A recent report finds many companies are leveraging AI to help them more swiftly automate vendor invoices and support their liquidity management decision making.

Healthcare 107

Healthcare B2B Invoicing Accounts Payable 107

PYMNTS

JANUARY 20, 2021

Among the largest is the ongoing use of paper and manual workflows like invoice processing. Manual invoicing is your worst enemy,” said Ramachandran, highlighting its risks and challenges related to fraud, errors and inefficient auditing.

B2B 125

B2B Prioritization Invoicing Corporate Finance 125

PYMNTS

NOVEMBER 19, 2020

19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others. The financial services giant on Thursday (Nov.

Invoicing 124

Invoicing Numbers Banking Securities 124

PYMNTS

DECEMBER 9, 2020

The Bill Manager service will aid companies in electronically capturing incoming bills and invoices, which are digitally routed through a workflow for simplistic review and approval, according to the release.

Accounts Payable 113

Accounts Payable Invoicing Accounting Banking 113

PYMNTS

DECEMBER 28, 2020

The first is to actually house data in a digital format, which is vital considering the high volumes of paper involved in construction projects, especially in workflows like invoice processing and payments, as well as payroll. 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

https://trustedcfosolutions.com/feed/

MARCH 22, 2023

You can track invoices, payments, and expenses in real time and securely access your financial data from anywhere. OCR technology scans and digitizes your invoices and receipts, making it easier to stay organized. OCR can also extract data from your invoices and reduce the need for manual data entry. Electronic Payment Systems.

Accounts Payable 108

Accounts Payable Accounting Invoicing Reconciliations 108

PYMNTS

NOVEMBER 23, 2020

We see much more of a blending of financial services, invoicing and payments from the big players," she said in an interview, noting that even technology giants like Uber and Facebook, which hadn't initially entered the market as FinTechs, are stepping into this field.

Finance 106

Finance Invoicing Cash Management Reconciliations 106

CFO News

MAY 11, 2023

The move will bring most of the companies in the small and micro level into the tax fold and take the economy towards a more tax paying business population – the stated objective of the government as it inches towards a formal economy.

Invoicing 98

Invoicing 98

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

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. Optimizing Payments.

Accounts Payable 123

Accounts Payable Cash Flow Forecasting Invoicing Prioritization 123

CFO Talks

OCTOBER 3, 2024

Invoice and Billing Fraud Invoice and billing fraud occurs when employees or external parties manipulate the invoicing process, such as creating fake invoices, duplicating payments, or billing for undelivered goods or services.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

CFO News

SEPTEMBER 10, 2024

ETCFO explores the purpose and anticipated impact of the GST Council’ recent move for a pilot program, the path to mandatory adoption, and how businesses should prepare for the transition.

B2C 75

B2C Invoicing Compliance Planning 75

PYMNTS

AUGUST 3, 2020

million in stolen company funds to a suspected organized crime ring that involved cybercriminals using invoice payment redirect scams. Criminals reportedly mimicked email addresses from personnel at legitimate suppliers and requested payments on invoices be made into a new account. In Ireland, police have connected more than $4.13

B2B 131

B2B Invoicing Accounts Payable Accounting 131

CFO News

FEBRUARY 17, 2023

The reduced load-on system will allow the GSTN to introduce an invoice-matching concept, resulting in 100 per cent compliance and solving the problem of fake invoices and tax theft. The increased tax collection will adequately compensate for the 7 per cent tax loss, economic think tank GTRI said.

Invoicing 98

Invoicing Compliance Economics 98

PYMNTS

DECEMBER 15, 2020

Interest in upgrading AR processes is particularly high for invoice delivery and payment acceptance capabilities — two key functions that have been particularly impacted by the pandemic. percent of construction firms see manually handling invoices as a challenge. Manually running customer credit checks is a pain point for 38.9

Construction 111

Construction Healthcare Invoicing Advertising 111

The Charity CFO

FEBRUARY 4, 2022

Create invoices for goods, services, and donations. Enter bills and vendor invoices. Let’s take a deeper look at the four key bookkeeping tasks: payroll, invoicing, expense allocation, and recording business transactions. . Invoicing . Even if your nonprofit isn’t selling anything, you’ll still need to process invoices.

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

PYMNTS

SEPTEMBER 29, 2020

These legacy methods often reduce the speeds at which firms deliver invoices and follow up on overdue payments, as they are less efficient for prioritizing collections. The pandemic is also prompting a significant share of firms to change their payment terms and credit limits as well as adopt digital invoicing and payment methods.

Accounting 121

Accounting B2B Invoicing Prioritization 121

CFO Talks

OCTOBER 31, 2024

Late payments or unpaid invoices can seriously impact cash flow, making it harder to cover essential expenses like paying employees, suppliers, or rent. By monitoring outstanding invoices regularly, you can spot changes in payment patterns. Use accounting software to track outstanding invoices and automate payment reminders.

Credit Risk 95

Credit Risk Invoicing Sales CFO 95