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

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

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

PYMNTS

NOVEMBER 10, 2020

With the new upgrade, HashCash customers will now have access to real-time document sharing, automation and reconciliation, available instantly through B2B payments, the release stated. HashCash Consultants has integrated its HC Corporate Payment features with the existing infrastructure for B2B payments, according to a press release.

B2B 75

B2B Banking Reconciliations Planning 75

PYMNTS

NOVEMBER 25, 2020

For this reason, Bloh said that enterprise resource planning (ERP) integration is vital, and this capability will be a main driver of adoption. Today, suppliers that receive a transaction may see funds weeks after an invoice is issued. The biggest benefit I see is not necessarily the payment itself,” he noted.

B2B 116

B2B Invoicing Reconciliations Accounting 116

PYMNTS

SEPTEMBER 27, 2020

The two companies have already worked together for the past two years, the release noted, with the partnership growing last year with Electronic Invoice Presentment and Payment (EIPP) and Virtual Card Processing (VCP) tools. The agreement made all of HighRadius' products available for Commerce Bank clients.

Banking 89

Banking Treasury Reconciliations Invoicing 89

PYMNTS

NOVEMBER 2, 2020

APS Payments , which works in omnichannel B2B payments, is integrating tech with enterprise resource planning (ERP) product Sage X3 to allow for quick and secure payments, according to a press release. With APS ClickToPay, companies can have customer invoices paid directly to accounts receivable.

B2B 74

B2B Reconciliations Invoicing Currencies 74

PYMNTS

AUGUST 19, 2020

Whether end users want transactions to integrate through their enterprise resource planning (ERP) systems, AP departments, point-of-sale (POS) solutions or eCommerce platforms, solution providers must remain flexible and seamless. Finally, addressing the unique pain points of each client is paramount to customer success.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

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

DECEMBER 30, 2020

To that end, as Lisa Shields , CEO of FISPAN , told Karen Webster, contextual business banking, with service embedded within enterprise resource planning (ERP) and business banking, is ready to take off. Ideally, they need to change existing ecosystems without giving rise to a major IT project.

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

PYMNTS

NOVEMBER 12, 2020

Shields offered an example of intentional information: invoice data. Partnerships, she said — such as FISPAN’s own efforts with traditional financial services firms — help treasury banks to build embedded banking solutions inside enterprise resource planning (ERP) and accounting systems. This is the No.

Banking 88

Banking Invoicing Reconciliations Treasury 88

PYMNTS

JULY 10, 2019

The payments and technology giant announced Tuesday (July 9) the rollout of its Virtual Card Receivables Service, a tool to digitize the virtual card payment acceptance and reconciliation process for businesses.

Cash Flow Forecasting 62

Cash Flow Forecasting Reconciliations Invoicing B2B 62

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

PYMNTS

OCTOBER 14, 2020

Its predecessor, RegalPay, has been available since 2008, connecting to more than 160 enterprise resource planning (ERP) systems. Reconciliation also comes with the offering. Furthermore, the software firm said that a new tie-up with TransferMate allows its users to pay invoices in more than 130 local currencies with ease.

B2B 82

B2B Banking Accounts Payable Reconciliations 82

PYMNTS

FEBRUARY 4, 2020

Once reserved for only the largest and most sophisticated firms, automated enterprise resource planning (ERP) and accounting platforms are now accessible for even the smallest of businesses, and data from those systems is the new currency of operational efficiency. A Reconciliation Headache. According to Dean M.

Reconciliations 61

Reconciliations B2B Invoicing Accounting 61

PYMNTS

OCTOBER 19, 2016

Or, if a company is slated to be cash-rich in the forecasting model, a business can more quickly work with its financial services providers to plan out investments and obtain better rates, Rahal noted. Cash flow forecasting ‘s entrance into the SME segment is in its infancy. ” . ”

Forecasting 77

Forecasting Cash Flow Forecasting Reconciliations Invoicing 77

PYMNTS

DECEMBER 18, 2020

Something’s going to happen with paper checks, paper invoicing — the whole paper thing on a grand scale — and businesses need to be ready for that eventuality. This makes sense because manual processes reduce the speed at which firms deliver invoices and follow up on overdue payments, reducing efficiency when prioritizing collections.

Treasury 76

Treasury Invoicing B2B Reconciliations 76

PYMNTS

AUGUST 1, 2019

Looking ahead, the CBPR+ group plans to release guidelines on ISO 20022 that align with the High Value Payment System (HVPS+) to enable interoperability with high-value domestic payment processing, said SWIFT. More guidelines will be released in the future, the company added.

Reconciliations 76

Reconciliations Cash Management Invoicing Banking 76

PYMNTS

NOVEMBER 3, 2020

Enterprise business software firm Aptean offers targeted enterprise resource planning (ERP), compliance and supply chain management solutions to firms throughout the globe, according to the announcement. With APS ClickToPay, companies can have customer invoices paid directly to accounts receivable. 2) announcement.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

PYMNTS

NOVEMBER 20, 2020

While expanding internationally is the easy part, the challenge often comes in the back-office financials like invoicing , cross-border payments, accounting and reconciliation. Post-Payment Pain Points. The challenges of international financial workflows don't end once a payment is received and currency conversion occurs, either.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

MARCH 6, 2020

Just this week, RTP Global announced a a fund, with the venture capital firm planning to deploy that cash for early-stage technology companies in areas like FinTech and Software-as-a-Service (SaaS). The plan is now open for public comment, reports said. and hoping to expand into Europe.

B2B 80

B2B Startups Nonprofit Reconciliations 80

PYMNTS

JULY 3, 2020

As an event that few anticipated, the pandemic was a painful reminder that developing a thorough business continuity plan is vital to the survival of many firms. “What we heard from customers is that even the best-written and most thoughtful business continuity plans didn’t solve for moving entire teams home overnight.”

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

PYMNTS

JANUARY 17, 2021

Linking a bank account to the software will help users access automatic reconciliation, offer numerous payment options for customers, offer the ability to do mobile accounting while traveling, and allow customers access to their books any time, the report stated.

Banking 61

Banking Reconciliations Invoicing Accounting 61

PYMNTS

DECEMBER 29, 2020

We hear all the time that it’s a challenge to process invoices and payments, and get approvals, and run the workflows when there is paper involved,” he said. “We Planning For The Future. According to Cyphers, that information can be a valuable tool in driving efficiency in reconciliation and cash application workflows.

B2B 82

B2B Accounts Payable Invoicing Reconciliations 82

PYMNTS

DECEMBER 28, 2020

Yet the current trade credit landscape comes with significant challenges, especially for the supplier, with Floate pointing to the requirement for vendors to take on the financial risk until after an invoice is actually paid.

B2B 81

B2B Invoicing B2C Reconciliations 81

PYMNTS

JUNE 19, 2019

Small businesses that enable Stripe payments with Xero invoices are currently paid up to 15 days faster globally, and up to 16 days faster in North America. The companies will continue to work on new payments tools, with plans to announce additional features in the coming year. “At Data has shown that on average, U.S.

Reconciliations 68

Reconciliations Invoicing Planning Technology 68

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

FEBRUARY 27, 2020

Enterprise resource planning (ERP) systems began as a mid 20th century answer to increasingly complex inventory control and supply chain management issues. The time it takes to process an invoice also drops from 10.3 It could do a lot more though, and over time ERP has been endlessly adapted to many other data-intensive duties.

Accounts Payable 56

Accounts Payable Invoicing Reconciliations Leverage 56

PYMNTS

JULY 29, 2020

QuickBooks Cash has a finance planning application that the company said will help SMBs plan for the future, with 90-day cash flow predictions, including guesses on when invoices will likely be paid.

Reconciliations 60

Reconciliations Invoicing Finance Accounting 60

PYMNTS

JANUARY 30, 2020

Many AP departments still rely on checks to settle B2B invoices, however, despite the speed and convenience that payment methods like virtual cards offer. percent of AP professionals would like to implement electronic invoice solutions, and that 22.9 PYMNTS reported that 46.4 For example, a firm that earns 0.5

B2B 71

B2B Invoicing Accounts Payable Reconciliations 71

PYMNTS

DECEMBER 31, 2019

Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner. Suppliers whose invoices have not been paid quickly may deliver another invoice, leading buyers to mistakenly pay for two.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61

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

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

DECEMBER 11, 2019

The technology allows users to take a photo of a receipt, with data automatically captured and entered into transaction history for reconciliation. Reports said Metro Bank plans to augment the service with bookkeeping, invoicing and VAT return capabilities integrated into the app, which will also connect to cloud accounting service providers.

Banking 52

Banking Reconciliations Invoicing Accounting 52

PYMNTS

FEBRUARY 7, 2019

Procure-to-pay software company Yooz plans to expand into the U.K., The solution integrates artificial intelligence (AI), robotic process automation (RPA), machine learning, deep learning and other technologies to automate invoice processing for accelerated, accurate invoice payments. the firm announced on Wednesday (Feb.

Accounts Payable 49

Accounts Payable Marketing Invoicing Reconciliations 49

Global Finance

SEPTEMBER 9, 2024

And while the latest tools of the trade—artificial intelligence (AI) and machine learning (ML)—promise to make tasks such as liquidity forecasting, cash management, and risk management easier, they come with their own complications and tie the treasury team even more closely into management’s strategic planning. Carrere says.

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

The Finance Weekly

APRIL 13, 2024

The finance industry employs a multitude of software solutions to facilitate budget creation, and financial reporting, and to assist financial analysts and investors with financial planning and forecasting. This allows finance teams to execute planning, analysis, and collaboration activities with exceptional rapidity and assurance.

Financial Planning and Analysis (FP&A) 52

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