CFO News Room

DECEMBER 1, 2022

As financial planning has evolved over the years, better tools have become available to help advisors maximize their impact with more clients by increasing their efficiency. robo-advisors) might someday replace human advisors, there are still many elements of financial planning that benefit from engagement with a human advisor.

Technology 130

Technology Planning Investments Leverage 130

CFO Thought Leader

OCTOBER 29, 2024

Once the board approved the plan, Gronen led efforts to align sales teams and streamline processes. In just a few days, he and the leadership team developed a plan to reduce overlapping costs and improve operational efficiency. Right now, many companies receive invoices in paper envelopes. Another key advantage is traceability.

Mergers and Acquisitions (M&A) 52

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

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

JULY 5, 2020

billion for Whole Foods , the online retail giant is planning to open its second automated-checkout grocery store in Seattle’s Eastside neighborhood and is hiring managers for a third store in the city’s Capitol Hill district, The Seattle Times reported. Amazon must like the supermarket business. Three years after it paid $13.4

Planning 88

Planning Invoicing eCommerce Retail 88

CFO Plans

MARCH 10, 2025

With the looming threat of client payment delays, businesses must embrace comprehensive CFO Plans to safeguard their financial health and ensure operational continuity. Establishing clear payment terms, offering early payment incentives, and utilizing innovative technology to streamline invoicing are crucial measures.

Economics 52

Economics CFO Risk Management Leverage 52

CFO Talks

MARCH 4, 2025

You have all your ingredients laid out, the recipe in hand, and a clear plan for how everything should come together. If you stick rigidly to the plan without adapting, things fall apart. Ditch Rigid Budgets Stay Flexible Instead Imagine planning a long road trip. But just as you start, the power goes out. What do you do?

Budgeting 52

Budgeting Forecasting Invoicing Sales 52

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

CFO Plans

FEBRUARY 17, 2025

Learn how CFO Plans can help you monitor these vital signs. Be on the lookout for warning signs of cash flow problems, such as delayed payments from clients, a mounting pile of unpaid invoices, or dwindling cash reserves. Sustainable growth strategies ensure that every step forward is backed by careful planning and financial stability.

Cash Flow Forecasting 52

Cash Flow Forecasting CFO Profit and Loss Startups 52

PYMNTS

FEBRUARY 14, 2020

Yet, planning and decisions are still reliant on static data that fails to adequately address those exceptions. Compain proposed another example of lengthy invoice-to-payment cycles resulting from this reliance on stale information. Again, cash is locked away, with longer invoicing times inevitably causing payment delays.

Invoicing 99

Invoicing Transportation B2B Technology 99

PYMNTS

DECEMBER 28, 2020

As the single source of truth within the back office, the enterprise resource planning (ERP) system continues to play a vital role across many functions, particularly those involving finance and payments. 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

CFO Plans

SEPTEMBER 24, 2024

Discover expert tax planning and accounting services designed to help you thrive. Effective tax planning and accounting are not just about compliance; they are about unlocking opportunities for growth and stability. For example, a small retail business implemented an automated invoicing system and reduced their billing errors by 30%.

Tax Planning 52

Tax Planning Accounting Planning Budgeting 52

CFO Talks

JANUARY 20, 2025

Whether its an employee fudging expense claims, a supplier inflating invoices, or cybercriminals targeting your systems, fraud can happen anywhere. These days, there are tools that can monitor your transactions and flag anything that looks unusual like duplicate invoices or payments to unknown vendors.

Invoicing 52

Invoicing Compliance Investments CFO 52

PYMNTS

DECEMBER 15, 2020

The good news, however, is that two-thirds of firms are cognizant of these issues and are actively moving away from manual processes, planning instead to embrace new technological solutions to upgrade their accounts receivable (AR) processes for more efficiency, speed and lower fees. percent of firms in the construction sector, yet 28.2

Construction 111

Construction Healthcare Invoicing Advertising 111

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

PYMNTS

FEBRUARY 26, 2020

Many are turning to enterprise resource planning (ERP) tools with accounts payable (AP) automation to harness both solutions’ abilities and level up their businesses’ values. 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

APRIL 28, 2020

The new coronavirus swiftly impacted small- and mid-sized businesses (SMBs) rather harshly, with these entities now struggling to manage remote workers who need to send out paper invoices to suppliers and other business partners attached to checks. Co mpanies like digital invoicing firm Invoiced are responding to SMBs’ COVID-19 struggles.

Invoicing 94

Invoicing B2C B2B Accounts Payable 94

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. This can be time-consuming and lead to errors when handled manually.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

E78 Partners

NOVEMBER 18, 2024

Potential pitfalls include: Cash Flow Issues: A sudden leadership change can disrupt the normal flow of operations, leading to delays in invoicing and payment processing. Budget Mismanagement: With a clear financial plan, interim leaders may be able to manage budgets effectively, resulting in overspending or resource misallocation.

Leadership 52

Leadership Budgeting Profit and Loss CFO 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. Then you can automate much of the invoice creation and distribution process to help decrease days sales outstanding.

CFO 97

CFO Invoicing Cash Management Leadership 97

The Finance Weekly

NOVEMBER 8, 2022

The second option provides better priced plans and/or caters to different target audiences to ensure there will be a good option for any size or type of business. And if companies are using more advanced plans or adding payroll options (additional $5-10/month per employee), the monthly fees can add up. Cons: • Pricing.

Financial Planning and Analysis (FP&A) 98

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

PYMNTS

JUNE 24, 2020

The software company said firms in the construction industry have special needs in terms of processing vendor and supplier invoices, and its technology tackles some of the daily challenges that project managers and administrators encounter, per an announcement. It then puts the invoice information into a dashboard.

Construction 75

Construction Accounts Payable Invoicing SAP 75

PYMNTS

SEPTEMBER 21, 2020

Now, that promise has led to a collaboration with invoice delivery solution provider Link4. In January, the government promised to pay suppliers in five days if they delivered an invoice, helping with the cash flow for small businesses during this COVID time.

Economics 87

Economics Invoicing Treasury B2B 87

PYMNTS

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. 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

APRIL 29, 2020

Tribe Payments Plans Open Banking Module. FAB Teams Up For Digital Invoicing. Invoices can be sent via SMS, email or WhatsApp, and payments can be accepted on orders before delivery begins. The UAE’s largest bank, First Abu Dhabi Bank (FAB), recently announced a collaboration with Etisalat Digital.

Banking 95

Banking Foreign Exchange Invoicing Finance 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

JULY 1, 2020

Studies have found that B2B invoices take an average of 37.4 The company plans to augment the solution by processing cross-border B2B payments in the near future as well. B2B payments account for $25 trillion in the United States each year, but these transactions are often fraught with frustrations and challenges.

Banking 114

Banking B2B Invoicing Budgeting 114

PYMNTS

SEPTEMBER 15, 2020

Asked by Webster whether SMBs or freelancers may in fact prefer to transact in cash (and perhaps skirt paying taxes), Poovala noted that “Mexico has a well-developed invoicing system” where taxes are based on invoices and not payments.

Banking 103

Banking Invoicing Accounting Leverage 103

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

JUNE 25, 2020

The two companies said they will collaborate so customers can see transaction records, track invoices, record bills and expenses and automatically create financial reports. Also in May, Revolut said it planned to use $500 million it got from investors to acquire competing technology firms suffering from the impact of COVID-19.

Banking 123

Banking Invoicing Budgeting Accounting 123

PYMNTS

JANUARY 18, 2021

19), the government is planning to strengthen the Prompt Payment Code , which is currently only voluntary, to make it so that 95 percent of invoices for SMBs have to be paid within 30 days, FT reported. billion) in late invoices are owed to businesses across the U.K., On Tuesday (Jan. That rule will go into effect July 1.

Invoicing 88

Invoicing Economics Finance Retail 88

Bramasol

FEBRUARY 9, 2024

Critical Factors for Success in the Telecom Back-end Systems Arena Today's telecom services typically involve complex pricing plans, including variable rates, discounts, bundles, and add-ons. Efficient billing and invoicing processes are crucial to assure a positive customer experience.

SAP 85

SAP Compliance Invoicing Leverage 85

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. But the ERP of today doesn’t look like it used to.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

CFO Talks

JANUARY 21, 2025

From Vague Dreams to Concrete Action Plans Imagine this: your CEO walks into a meeting and says, We need to increase profits by 20% next year. The finance team might focus on speeding up invoicing, while sales works on collecting overdue payments. Project management simplifies all that chaos. Suddenly, it doesnt feel so overwhelming.

Budgeting 52

Budgeting Planning Invoicing Risk Management 52

PYMNTS

NOVEMBER 25, 2020

The two companies plan to connect Barclaycard Payment offerings with FreshBooks' cloud billing and accounting infrastructure, according to a Wednesday (Nov. In September, the company said it bought Mexico-based digital invoicing company Facturama. 25) announcement.

Accounting 94

Accounting Invoicing Finance Planning 94

https://trustedcfosolutions.com/feed/

MAY 17, 2022

Learn the ten questions you should be asking your Controller to establish best practices and project and plan for the future growth of your organization. What is the volume of transactions in our department, how many invoices are there, and how many vendor payments? . This detailed information helps to plan staffing levels.

CFO 107

CFO Prioritization Invoicing Finance 107

Bramasol

JANUARY 28, 2025

SAP S/4HANA Cloud Private Edition also introduced new features, including AI-assisted master data governance, AI-assisted sales order fulfillment monitoring, AI-assisted conversational planning, and more. Automation of routine tasks like invoice matching and exception handling.

SAP 70

SAP Data Analysis Leverage Manufacturing 70

PYMNTS

APRIL 17, 2020

While it’s not disclosing how much it raised, Cerebro Capital said it plans to expand its marketplace with new venture capital that aims to help corporates source and manage their loans. By streamlining invoice processing, Previse said, it reduces friction for AP teams so small suppliers can get paid more quickly.

B2B 77

B2B Accounts Payable Invoicing Investments 77