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.

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Invoicing B2B Reconciliations Valuation 66

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.

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Accounts Payable Accounting Invoicing Reconciliations 108

PYMNTS

NOVEMBER 26, 2020

These firms are also looking to process invoices faster and more efficiently, and they are adopting automations that can rapidly interpret invoice-related information and flow it into their systems. . That means leaving old-fashioned AR methods behind, as many corporate clients no longer want to receive invoices in the mail. . “It

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Invoicing B2B Accounts Payable Reconciliations 67

PYMNTS

MAY 20, 2019

TransferMate Global Payments, the cross-border B2B payments provider, announced Monday (May 20) it inked a deal with Wells Fargo to deliver its Global Invoice Connect platform for U.S. In a press release , TransferMate said its Global Invoice Connect Platform enables U.S. based international businesses.

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Invoicing Foreign Exchange Reconciliations Currencies 53

CFO Talks

OCTOBER 3, 2024

Regular Reconciliations : Perform surprise cash counts and inventory checks and reconcile sales and deposit records frequently. Unfamiliar Vendors : Be wary of invoices from vendors that don’t appear in your approved vendor list or who are not fully vetted. Investigate any discrepancies promptly.

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Invoicing Auditing Benchmarking Reconciliations 98

PYMNTS

MAY 16, 2016

The innovators at SmartStream Technologies have introduced the first solution from its SmartLabs innovation center, and it’s a tool for financial services companies to streamline the reconciliation process. According to the company, it takes only minutes for the solution to identify matches and invoice exceptions.

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Reconciliations Invoicing Technology Sales 40

PYMNTS

JULY 2, 2019

The solution, developed by SAMA subsidiary Saudi Payments, enables vendors to issue invoices electronically to government and corporate clients, and receive electronic payments to reduce administrative burdens and costs on both sides.

Invoicing 43

Invoicing Reconciliations B2B Economics 43

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.

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SAP Invoicing Reconciliations Compliance 40

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.

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Invoicing Reconciliations Currencies Education 48

PYMNTS

FEBRUARY 19, 2018

Travel booking company Webjet , based in Australia, has launched a blockchain solution for the hotel industry to manage reconciliation in hotel distribution. Webjet said it estimates as much as 5 percent of hotel bookings involve a disputed invoice between parties.

Reconciliations 43

Reconciliations B2B Accounts Payable Invoicing 43

PYMNTS

AUGUST 2, 2018

Accounts receivable (AR) management solutions provider Invoiced has enhanced its platform through a partnership with U.K.-based The company announced in a press release Wednesday (August 1) that its collaboration with GoCardless enables businesses to support direct debit payments when they invoice their customers.

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Invoicing Accounting Reconciliations Currencies 40

PYMNTS

AUGUST 8, 2018

From receiving invoices in the preferred format, to paying suppliers in the preferred rail and enabling both sides to reconcile the transaction, a lot of friction, errors and cybercrime plague AP departments today. This technology, though, can manage other key issues with invoice processing, including fraud and duplicates.

Invoicing 48

Invoicing Accounts Payable Communication B2B 48

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.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 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.

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B2B Reconciliations Accounts Payable Invoicing 114

PYMNTS

MARCH 18, 2020

In a recent conversation with PYMNTS, Bectran Business Development & Implementation Manager Dominic Biegel said it is certainly a possibility that the continued impact of the coronavirus pandemic could add pressure on businesses to migrate away from paper invoices, or shift their own customers toward electronic payments.

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Reconciliations Invoicing Communication B2B 80

CFO News

APRIL 18, 2023

Businesses must take up reconciliations regularly throughout the month and instantly convey any misreporting, omissions or delays in ITC reporting to their respective sellers. In turn, it has led them to take additional steps to secure ITC reporting, such as GST payment blocking while releasing invoice payments.

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Reconciliations Invoicing Communication Securities 52

PYMNTS

OCTOBER 31, 2017

The beauty of paying with a check is, typically, the check is accompanied with the invoice, and all the information is there in front of you,” he recently told PYMNTS. You have the invoice, the check, the bank information — everything is there.”. There’s a big issue about connecting an electronic payment to an invoice,” he added.

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Invoicing Treasury Reconciliations B2B 41

The Charity CFO

MARCH 6, 2024

Red Flag #1: Bank Account Reconciliation Whether the business is accrual or cash basis, it does not matter. Reconciliation is necessary and the bare minimum for successful completion of the accounting role. Once these have been transferred into the accounting system, QuickBooks for example, reconciliation is the next step.

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Nonprofit Accounting Reconciliations Invoicing 59

CFO News Room

DECEMBER 16, 2021

These would include eliminating reconciliations altogether (by implementing integrated modules such as fixed assets) or performing reconciliations continually during the period rather than during the period close. . There are ways of flattening out the activities of the finance team, keeping stress levels optimal throughout.

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Reconciliations CFO Finance Invoicing 130

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.

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Invoicing Cash Flow Forecasting Reconciliations Forecasting 110

PYMNTS

DECEMBER 16, 2020

Commercial cards have seen an increased adoption in both large and small Indian businesses as an option to protect and digitize supplier payments, drive savings and simplify reconciliation, according to the release. This alliance brings more options in how businesses pay and get paid, while maintaining exacting standards of security.”.

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Reconciliations B2B Invoicing Compliance 92

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. This evolution necessitates a change in skill sets, with finance professionals needing to become more adept at ML and AI technologies.

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Accounting Data Analysis Accounts Payable Auditing 52

PYMNTS

FEBRUARY 1, 2021

Businesses receiving payments need to be able to match funds to the associated invoices or risk annoying clients with follow-up requests for money that has already been delivered. Reconciliation Challenges. Modern automation and integrations can make it unnecessary to swap between many different applications. Call For Integrations.

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Accounts Payable Reconciliations Invoicing Treasury 93

PYMNTS

JUNE 16, 2020

In addition to platforms connecting gig workers with companies looking for them, “Companies must also make sure they can quickly pay their freelancers, which involves reconciling the amounts requested with the services provided and listed on invoices,” the Tracker states. Manual Reconciliation, Begone. Close As Many Loops As Possible’.

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Reconciliations Invoicing Accounts Payable Auditing 67

CFO Share

JUNE 18, 2024

Practice reconciliation both with and without the integration. Here’s ideas on how you can implement this process: Sales – validates client invoicing. Purchasing – validates accounts payable invoices. Poor or unnecessary integrations can lead to data inaccuracies, inefficiencies, and increased workload.

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General Ledger CFO Accounts Payable Invoicing 105

PYMNTS

JULY 10, 2019

FLEETCOR -owned Cambridge Global Payments has announced the launch of its Invoice Automation Solution. The service automatically extracts data from invoices, PDFs and other trade documents and automates accounts payable while storing payables information for reconciliation and accounting.

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Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

MARCH 3, 2020

Late payments, invoice disputes and even fraud are all glaring red flags of AR inefficiencies and friction. Invoice-to-Cash Optimization. Once a customer has been set up to make purchases, receive an invoice and send payment, there are more opportunities for a breakdown in the invoice-to-cash cycle.

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Accounting Invoicing Reconciliations B2B 74

PYMNTS

NOVEMBER 20, 2019

Citi noted traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collection and reconciliation. The platform integrates cross-border billing, payment acceptance and reconciliation into a single solution. “In

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Accounting Reconciliations Invoicing Currencies 83

The Finance Weekly

APRIL 13, 2024

While personal finance applications often focus on budgeting and tracking investments, business finance applications are enriched with additional functionalities, such as invoicing and inventory management, to support a wider range of business operations.

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

Future CFO

APRIL 6, 2022

Accounts Payable is responsible for so much more than just paying incoming bills and invoices, particularly given today's global challenges. In partnership with Kofax , SSON ran an industry-wide AP Automation Maturity survey, gaining insights from all over the world into how companies are growing their payables efficiency.

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Accounts Payable Accounting Reconciliations Invoicing 52

PYMNTS

MAY 12, 2020

The offering provides increased control over payments and enhanced data exchanges, enabling automated reconciliation for suppliers as well as the application of all payment options approved by them, according to an announcement.

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Reconciliations B2B Invoicing Compliance 84

Future CFO

SEPTEMBER 22, 2023

Enhanced Efficiency: The primary benefit of integrating Generative AI into GST management is the significant reduction in time and effort required for reconciliation. Generative AI excels in identifying discrepancies between invoices and purchase registers, drastically reducing the likelihood of erroneous claims.

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Vendor Management Compliance Reconciliations Invoicing 52

Future CFO

APRIL 27, 2023

The suite automates manual work and improves accuracy across the cash flow life cycle, from payments and billing to tax, reporting, and reconciliation, the firm noted. Stripe said its suite relieves those burdens by equipping finance leaders with revenue management tools that are as sophisticated as the businesses they run.

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Finance Reconciliations Invoicing Data Analysis 52

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.

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Invoicing Accounts Payable Reconciliations Accounting 83

PYMNTS

FEBRUARY 4, 2020

That’s particularly true in accounts receivable (AR), with B2B suppliers not only needing money to flow in from their buyers, but high-quality transaction data for reconciliation, reporting and analytics. A Reconciliation Headache. Data’s Favorite Payment Rails.

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Reconciliations B2B Invoicing Accounting 61

PYMNTS

OCTOBER 20, 2020

Stampli , which works in accounts payable automation, has debuted a new feature called Stampli Direct Pay which a press release says will let companies pay invoices with ACH or from their own bank accounts. For example, it will let companies reconcile payments with bank statements, with one withdrawal for each payment related to the invoice.

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Accounts Payable Invoicing Reconciliations Communication 57

PYMNTS

MARCH 16, 2020

In addition, the deal will allow better reconciliation of payments with the matching invoices. Buyers will be able to pay suppliers in their own countries’ currencies with ease, according to the release. It will also allow real-time payment tracking along with less inquiries about payment-related issues for suppliers.

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