PYMNTS

MARCH 24, 2020

percent of those surveyed said they had forgotten to invoice a client at some point, and half of the businesses surveyed said they had lost 250 pounds ($295), with almost 8 percent counting their losses at around 1,000 pounds ($1,180). billion pounds ($1 million to $2 million) annually by forgetting to invoice. “We Amaiz found that 34.6

Invoicing 69

Invoicing Accounting Numbers Banking 69

PYMNTS

FEBRUARY 1, 2021

While it is encouraging to see the number of data breaches, as well as the number of people impacted by them, decline, people should understand that this problem is not going away,” she said in a statement. From commercial card misuse to invoice fraud, internal employees can be the bad actors, too.

Invoicing 136

Invoicing Microsoft Office Accounts Payable B2B 136

PYMNTS

MAY 4, 2020

The Optimizing AP and AR Playbook , a collaboration between PYMNTS and OnPay Solutions , found last month that an estimated nine billion paper invoices are processed every year in U.S. For many suppliers, working remotely has driven AR departments to email invoices out to customers, if they hadn’t been doing so already.

Invoicing 66

Invoicing Accounts Payable B2B Reconciliations 66

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. Each card payment is then assigned a virtual number tied to a commercial card account. The financial services giant on Thursday (Nov.

Invoicing 124

Invoicing Numbers Banking Securities 124

CFO Thought Leader

OCTOBER 29, 2024

Looking back, Gronen tells us his involvment with M&A began during his time at Alltel, where he contributed to a number of M&A transactions. Right now, many companies receive invoices in paper envelopes. They open the envelope, scan the invoice, manually input the data, and attach the invoice to the system.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) CFO Finance Profit and Loss 52

PYMNTS

DECEMBER 28, 2020

In this week's B2B Data Digest, PYMNTS breaks down the numbers behind the latest cases of fraud, including the growing risks of small business loan fraud, a case of expense fraud, and the ever-persistent Business Email Compromise risk intensified by Brexit uncertainty. The DOJ accuses the individual of fraudulently invoicing more than $1.5

B2B 116

B2B Accounts Payable Invoicing Manufacturing 116

PYMNTS

JANUARY 22, 2021

Today in B2B payments, TripActions announces new funding that values the T&E startup at $5 billion, while OneSource Virtual launches invoice payment capabilities. OneSource Virtual Rolls Out Invoice Pay For Vendor Payments. Invoice Pay, which is fueled by J.P. 21) announcement. 21) announcement.

Invoicing 66

Invoicing B2B Reconciliations Valuation 66

PYMNTS

JANUARY 18, 2021

This week's B2B Data Digest takes a look at the numbers behind the latest instances of fraud, including fraudulent invoices, corporate tax scams and more. $19 Amazon produces goods from its vendors, who must agree to adhere to purchase orders that list the product identification number, number of units and price per unit.

Invoicing 87

Invoicing Accounts Payable B2B Securities 87

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

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

PYMNTS

DECEMBER 28, 2020

Tally Solutions Managing Director Tejas Goenka said the new service would help as India begins to force companies to adopt electronic invoicing (eInvoicing) in the next few months. In the new service, Tally will communicate with the Invoice Registration Portal (IRP) in order to send invoices in real time.

Invoicing 80

Invoicing B2B Education Communication 80

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

APRIL 8, 2020

To a significant extent, this process remains stuck in the predigital era and is ruled by checks and paper-based invoices, which are often accompanied by weeks-long delays and cash flow problems. The latter allow businesses and vendors to exchange invoicing documents including means of payment via integrated electronic formats.

Invoicing 89

Invoicing Accounts Payable Auditing Securities 89

CFO Talks

MARCH 4, 2025

The same goes for managing moneywithout tracking your numbers, things can go wrong fast. Process Automation Using tech to handle invoices, payroll, and reports can save money and reduce errors. How tech makes financial management easier: Cloud Accounting (Xero, QuickBooks) Access your numbers anywhere, anytime.

Budgeting 52

Budgeting Forecasting Invoicing Sales 52

PYMNTS

NOVEMBER 23, 2020

Now, amid the coronavirus crisis, many of those SMBs are getting hit even harder as supply chain disruptions, sluggish business and shutdowns have created a ripple effect of delayed invoice payments. 46 percent of small business invoices were paid late during the pandemic lockdown in the U.K.

Invoicing 82

Invoicing B2B Leadership Numbers 82

PYMNTS

AUGUST 17, 2020

PYMNTS breaks down the numbers of the latest in B2B fraud below. 9 in 10 of ASX 100 companies were found to have lapsed security strategies that allow for email spoofing and invoice scams , a new report from Agari said. The two cases reflect the breadth of fraudulent activity that can hit any kind of business.

Invoicing 94

Invoicing Accounts Payable Pharmaceutical Healthcare 94

The Finance Weekly

NOVEMBER 8, 2022

As the number and quality of software tools increases, companies are constantly looking to find better ways to cut down on manual work and increase efficiency. Finance is responsible for a large number of critical operations in a business. Finance is responsible for a large number of critical operations in a business.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Accounts Payable Invoicing 98

PYMNTS

NOVEMBER 9, 2020

Johanna Stridsberg , product owner at Payer, said in the release that the digitization of invoices will be another step for Payer to help boost user-friendliness. Invoicing is clearly the preferred method of payment across the globe," Stridsberg said, according to the release.

B2B 95

B2B Invoicing eCommerce Securities 95

Future CFO

MARCH 14, 2022

By implementing Esker’s Procure-to-Pay suite and Esker’s Accounts Receivable solution ( Invoice Delivery , Collections Management and Cash Application solutions ), the company has gained full visibility and clarity over payables and receivables. They must check whether this specific amount is expected and which invoices to relate it to.

Invoicing 97

Invoicing Accounting Finance Banking 97

PYMNTS

DECEMBER 7, 2020

This week's B2B Digest looks at how corporate finance scams come in all shapes and sizes, from employee expense fraud to invoice falsification. PYMNTS breaks down the numbers behind the latest cases below. 12,600 was scammed from an Australian business via a fraudulent invoice , local reports said.

Invoicing 91

Invoicing Construction Corporate Finance B2B 91

CFO Talks

OCTOBER 3, 2024

Aggressive Accounting Practices : Look out for unusual accounting entries, round-number transactions, or complex journal entries that lack clear justification. Unfamiliar Vendors : Be wary of invoices from vendors that don’t appear in your approved vendor list or who are not fully vetted.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

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.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

PYMNTS

NOVEMBER 16, 2020

This week's B2B Data Digest takes a look at the numbers behind those spikes, finding small businesses to be particularly at-risk. 155 percent more cases of invoice and payment fraud hit organizations from Q2 to Q3 , the latest analysis from Abnormal Security has found. Securities and Exchange Commission issues a dire fraud warning.

Invoicing 96

Invoicing Securities B2B Manufacturing 96

PYMNTS

JULY 3, 2020

Issuing invoices and processing B2B payments can be simplified through open banking. APIs enable accounting platforms to accelerate payments by issuing invoices with integrated payment instructions and acceptance capabilities, saving payers from having to figure out their own means of conducting transactions.

B2B 111

B2B Banking Invoicing Reconciliations 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 Accounting 98

Global Finance

FEBRUARY 4, 2025

Implementing DTSCF can be more complex than traditional SCF due to the increased number of parties involved and the need to track payments across multiple tiers. Suppliers can instantly track invoice payments and upcoming payment totals for improved forecasting. Caribbean Banreservas Banreservas grew its factoring portfolio by 63.5%

Finance 52

Finance Invoicing Banking Manufacturing 52

PYMNTS

SEPTEMBER 15, 2020

The company issues two (Mastercard) debit cards to its users — a physical card and a digital one, which, as Poovala said, have separate BIN numbers (although they are linked to the same core account). You can pay your invoices in cash,” he said, “but the invoice is already known to the IRS [in Mexico].”.

Banking 103

Banking Invoicing Accounting Leverage 103

CFO Thought Leader

MARCH 17, 2025

We help with that number-one job: finding great products that sell. Second, we tackle workflow complexity (like) POs and invoices by automating those processes, so you just order and go. But if you think about what really matters to a retailerand why you, as a consumer, go thereits that they have great products and a great assortment.

CFO 52

CFO Retail Invoicing Investments 52

CFO Leadership

JANUARY 5, 2024

High-impact areas to automate include invoice processing, the financial close, and internal controls. Perhaps one of the most significant shifts worth noting is the growing number of e-invoicing mandates globally. Making this a reality starts with accurate, real-time, and expansive financial data.

CFO 97

CFO Invoicing Cash Management Leadership 97

PYMNTS

NOVEMBER 4, 2020

In related news, PayMate Founder and CEO Ajay Adiseshann , speaking with PYMNTS , said the B2B system in India faces friction from the large number of smaller businesses in the country. He said it is crucial to add some other value for the business like vendor management, customer payments or invoicing.

B2B 117

B2B Vendor Management Invoicing Manufacturing 117

Bramasol

JANUARY 28, 2025

Automation of routine tasks like invoice matching and exception handling. These figures clearly show a growing number of new customers are embracing S/4HANA through these transformation methods. AI-enabled predictive analytics to forecast financial trends and inventory requirements.

SAP 70

SAP Data Analysis Leverage Manufacturing 70

PYMNTS

SEPTEMBER 21, 2020

Although government initiatives to combat late payments have grown in number over the years, many of those efforts remain voluntary, with officials lacking the legal power to actually enforce the faster supplier payments that large corporates make. Now, that promise has led to a collaboration with invoice delivery solution provider Link4.

Economics 87

Economics Invoicing Treasury B2B 87

PYMNTS

FEBRUARY 28, 2020

Purchase, invoice and transaction data are invaluable to the journey of digitization and automation, but organizations are increasingly recognizing that the value can only be realized if that data can integrate seamlessly across platforms. “This combination increases data accuracy, and shortens payment cycles.”

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

SEPTEMBER 11, 2020

The Business Payments Coalition (BPC) is asking for industry input on the kinds of data connected with the most utilized invoice exchange processes in North America as the next phase in a digital invoicing initiative, according to an announcement.

Accounts Payable 70

Accounts Payable Invoicing B2B Accounting 70

PYMNTS

OCTOBER 19, 2020

Late payments plague vendors and suppliers throughout the world, with small businesses often left holding past-due invoices. 60% is the minimum percentage of small businesses that regularly have invoices paid late, according to an announcement from British banking platform Tide.

Invoicing 74

Invoicing B2B Numbers Sales 74

CFO News Room

DECEMBER 2, 2022

This also meant restating the previous three years of financial history and really scrutinising the numbers before converting it all into a consolidated group format. . “I When you come into a new business, it’s very difficult to stand by the numbers unless you get really involved in the details.” . I had to really believe in them.”.

Technology 130

Technology CFO Benchmarking Numbers 130