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

E78 Partners

MAY 8, 2024

Validation and Reconciliation: Once categorized, the telecom expenses are validated against predefined benchmarks or budget allocations. Reconciliation may involve cross-checking billing details with service contracts and usage records. Discrepancies or outliers are investigated to ensure accuracy and integrity of the data.

Leverage 52

Leverage Compliance Auditing Invoicing 52

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 18, 2020

Panelists agreed that to get more adoption by stakeholders, banks must leverage real-time infrastructure to unlock value for corporate clients that moves well beyond the confines of simply being fast. Chayt added that the move toward real-time reconciliation marks a new phase in the evolution of real-time processes. Eyeing Efficiency

Reconciliations 98

Reconciliations B2B Treasury Banking 98

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

NOVEMBER 12, 2020

In an interview with PYMNTS, Lisa Shields , founder and CEO of FISPAN said advanced technologies can help capture new types of data — and leverage that data to offer more relevant products and services. Shields offered an example of intentional information: invoice data. Reconciliation should be an intuitive process, she added.

Banking 88

Banking Invoicing Reconciliations Treasury 88

PYMNTS

DECEMBER 2, 2020

That mismatch of innovation creates B2B chokepoints, where digital invoices and payments are increasingly pushed to suppliers who don’t have the technology or automation in place to handle those technological advancements. And lastly, invoicing workflows are marred by manual processing. Addressing The Chokepoints .

B2B 79

B2B Invoicing Accounts Payable Reconciliations 79

Future CFO

FEBRUARY 15, 2021

Mastercard said recently that it has partnered with SAP Concur to deliver an expense and invoice management process to banks, companies and government agencies in Asia Pacific for transactions with corporate cards. The post Mastercard teams with SAP Concur for automated expense and invoice management in APAC appeared first on FutureCFO.

SAP 40

SAP Invoicing Reconciliations Compliance 40

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

NOVEMBER 3, 2020

Everlink Payment Services is teaming with workflow solutions provider FINTAINIUM to offer B2B and B2C payments in real time, leveraging the ISO 20022 global standard, according to a press release. With APS ClickToPay, companies can have customer invoices paid directly to accounts receivable.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

PYMNTS

FEBRUARY 27, 2020

In the latest Next-Gen AP Automation Tracker , a PYMNTS and Bottomline Technologies collaboration, we provide an informative deep dive into how ERP and accounts payable (AP) automation are combined to form a superior invoice-to-payment-to-reconciliation process solution with a significant financial upside for all. Leveraging APIs.

Accounts Payable 56

Accounts Payable Invoicing Reconciliations Leverage 56

PYMNTS

JANUARY 19, 2021

Those pain points center around cash flow, manual processes (where employees match invoice and payment data), and the management of suppliers. With virtual payments, buyers gain from being able to increase their days payables outstanding by leveraging their credit lines on their commercial card products.

B2B 93

B2B Invoicing Reconciliations Treasury 93

PYMNTS

NOVEMBER 4, 2016

Deals were made with B2B invoicing and payments firm Viewpost, as well as health care blockchain company Gem and natural language search technology company ClearGraph. “We’re leveraging technology to really try and make that as simple and as easy to implement as possible.”

Treasury 79

Treasury B2B Leverage Reconciliations 79

PYMNTS

JUNE 10, 2020

The new partnership will combine “global open banking initiatives, Samsung SDS’ Nexledger Universal platform and Credorax’s industry expertise” in order to provide automatic payment reconciliation, remittances and invoices for B2B payments. The effect will be to eliminate the need for manual tasks for those functions.

Banking 53

Banking Reconciliations B2B Invoicing 53

PYMNTS

JANUARY 20, 2021

I hope we can leverage that urgency to prioritize a lot more examples of embedded finance on the B2B side in 2021. This enables overseas customers to be invoiced and to pay in their local currency while allowing the biller to reconcile those receivables in its financial system of record and currency.

B2C 70

B2C B2B Currencies Invoicing 70

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

Streamlines invoicing and payment processes help you get paid faster and reduce the time it takes to close out the month. Accruals and reversals are automated, and entries are visible at all times, reducing the manual work needed for journal entries and reconciliations. Customize Your Chart of Accounts With Dimensions.

General Ledger 62

General Ledger Reconciliations Accounting Standards Leverage 62

PYMNTS

JULY 23, 2020

The goal is to provide a better user experience for invoicing and a reduced risk of fraud. GEP SMART is the cloud-processing program that helps go through millions of invoices per year, and by setting it aside, it could become the first step for many companies to digitize their processes — a popular move to make amid the new pandemic economy.

Accounts Payable 56

Accounts Payable Invoicing Reconciliations B2B 56

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. He noted that companies such as KeyBank have been reaching out to educate enterprises on leveraging security solutions and improving defenses against fraudsters. Looking Ahead .

B2B 97

B2B Accounts Payable Reconciliations Economics 97

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. Along with demand for faster payments , the information conveyed in them has significant value.

B2C 81

B2C B2B Accounts Payable Invoicing 81

Future CFO

OCTOBER 2, 2024

Data analysis and reporting is closely followed by applications in financial planning and analysis, invoice processing, office productivity, and accounts payable or accounts receivable. Organisations are leveraging AI to handle increased workloads without proportional increases in headcount, and to eliminate costly manual processes.

Accounting 52

Accounting Data Analysis Accounts Payable Auditing 52

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

PYMNTS

DECEMBER 11, 2020

Artificial intelligence (AI) is being leveraged to adjudicate the claim and issue the payment immediately, he said. “In In our world that can mean less than 24 hours from invoice [to] payment,” he added. The end result is that the day's sales outstanding metric is cut down considerably for providers, which improves cash flow.

Healthcare 67

Healthcare Reconciliations Invoicing Numbers 67

Bramasol

SEPTEMBER 12, 2022

Optimized Contract Management - OCM offers an enhanced alternative to classic contract management (CCM) that leverages full integration with S/4HANA. Trigger time-based revenue recognition at customer invoice: Provides option to start the time-based revenue recognition of a POB when the customer invoice related to the POB is issued.

SAP 77

SAP IFRS Compliance Invoicing 77

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 an announcement on Tuesday (Oct.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

OCTOBER 10, 2017

Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded. Regional Trends.

B2B 49

B2B Reconciliations Invoicing Accounts Payable 49

PYMNTS

JULY 25, 2019

Faster payments proponents must also ensure that businesses and consumers can conveniently leverage such options, and APIs can be key to enabling this access. These connections enable information such as purchase orders, invoices and invoice receipt confirmations to easily move between suppliers and their buyers.

B2C 64

B2C Invoicing B2B Reconciliations 64

Global Finance

SEPTEMBER 9, 2024

That means corporate treasurers are collaborating closely with other business units and leveraging data and analytics to supply critical insights into finance and risk issues and improve cash flow. It’s an activity, but what is really important is the consequence of that activity,” he notes. “So Carrere says.

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

PYMNTS

NOVEMBER 13, 2019

Paying suppliers in the ways they prefer, and through tech-driven platforms, means buyers cement strong supplier relationships by helping their critical business partners streamline payment receipt and reconciliation, which are still major pain points for most organizations. Security, of course, remains a critical concern.

Accounts Payable 46

Accounts Payable Invoicing Reconciliations Accounting 46

PYMNTS

JUNE 22, 2016

GPOs are groups of corporations that leverage their size and power in numbers to obtain discounts from suppliers and require that these vendors operate across a multitude of networks, systems, standards and processes, the report said. . Collectively, a closed-loop network saves money and enhances efficiencies.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

PYMNTS

JULY 7, 2017

Reports Thursday (July 6) said Veem is integrating its cross-border wire payment capabilities into QuickBooks so SMEs can pay supplier invoices from within the. Small businesses paying international suppliers can have access to Veem’s multicurrency payment capabilities as well as its payment tracking and reconciliation tools.

B2B 44

B2B Reconciliations Invoicing Leverage 44

PYMNTS

MARCH 23, 2017

We wanted to provide a quick-reference guide for suppliers on what Same Day ACH is, the differences between Same Day and ‘classic’ ACH payments, and how they can leverage this new option to meet their financial objectives.”.

B2B 54

B2B Invoicing Reconciliations Cash Management 54

PYMNTS

SEPTEMBER 12, 2018

That may include invoice financing, reverse factoring, and other forms of trade finance. Considering cash flow woes are often linked to long payment terms for corporate customers, many of these AltFin players are emerging with financing products designed to target this particular weak point in small business finance.

Finance 40

Finance Accounts Payable Invoicing Reconciliations 40

Adam Kae

MAY 30, 2023

Just as marketing automation has transformed the way we engage with our target audience, financial automation empowers us to simplify and streamline various financial tasks, including invoicing, expense tracking, and reporting. With automation, we can bid adieu to shoeboxes full of receipts and leverage innovative expense tracking software.

Marketing 52

Marketing Invoicing CFO Reconciliations 52

PYMNTS

DECEMBER 20, 2018

” Industry players likely overestimated how much leverage corporate buyers really have over their suppliers, who pushed back against using card rails for high-dollar transactions. “That in and of itself creates a real challenge – not just from a payments perspective, but from an invoicing and order acceptance perspective.”

B2B 65

B2B Accounts Payable Invoicing Reconciliations 65

Bramasol

JUNE 30, 2023

For example, RPA processes handling repetitive and rule-based tasks, such as data entry, document processing, and invoice reconciliation can be guided by new, higher level AI insights and learning capabilities. This cost-effective model allows businesses of all sizes to leverage advanced technologies without financial constraints.

SAP 71

SAP B2B Leverage Analyzing Data 71

PYMNTS

SEPTEMBER 16, 2020

At EedenBull, we’re not only embracing change, but [are] seeking to work with our partner banks to drive change and leverage the opportunities provided.". Via the Salt Edge API, Deskera can aggregate data from more than 5,000 FIs to automate invoicing, taxes and other workflows for its SMBs.

Banking 56

Banking Concentration Reconciliations Invoicing 56