CFO Talks

OCTOBER 3, 2024

Implement Physical Controls : Use secure access controls for inventory and cash storage areas and install surveillance cameras where high-value items are kept. Regular Reconciliations : Perform surprise cash counts and inventory checks and reconcile sales and deposit records frequently. This helps reduce opportunities for fraud.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

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

Companies are increasingly seeking secure and compliant solutions to manage their financial data. Financial and accounting processes include managing the general ledger, accounts receivable & payable, billing and invoicing, reporting & analytics, bank reconciliation, budgeting & forecasting, etc.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

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.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

NOVEMBER 18, 2020

She said data can be the glue that helps ensure payments are interconnected and reconciled automatically – and reconciliation can be likened to the “holy grail” of treasury management. Chayt added that the move toward real-time reconciliation marks a new phase in the evolution of real-time processes. Eyeing Efficiency . Looking Ahead.

Reconciliations 98

Reconciliations B2B Treasury Banking 98

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 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

JANUARY 8, 2021

To facilitate this transition in handling 24/7 cash flow, Whisler said TCH offers services such as intraday reconciliation. There’s also a messaging component that goes along with RTP payments, which includes vital information like confirmation of payment or requests for details if an invoice was partially paid. “So Limits And Fees.

Cash Flow Forecasting 139

Cash Flow Forecasting Banking Education Reconciliations 139

PYMNTS

JUNE 16, 2020

Add accuracy and security to velocity and it makes a kind of “rule of threes” for the payments space today. Many still use manual invoicing systems that can slow payment processes. This means that tools capable of speeding payments and invoice approvals are critical.”. Manual Reconciliation, Begone.

Reconciliations 67

Reconciliations Invoicing Accounts Payable Auditing 67

PYMNTS

AUGUST 3, 2020

One financial technology firm currently navigating the process of securing a bank charter is Avanti Financial Group , and as it approaches market launch, Founder and CEO Caitlin Long said the firm is focusing on another area of financial services that has struggled to manage complex regulatory challenges: digital assets.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

JANUARY 23, 2019

The Coupa Pay solution also includes automated reconciliation with the initial purchase order, the companies noted in the press release. The card number is automatically generated once the PO is approved, with payment only made for the designated supplier and amount. JPMorgan is the second card issuer to join the Coupa Pay solution.

Reconciliations 75

Reconciliations B2B Invoicing Finance 75

PYMNTS

DECEMBER 30, 2020

And, looking into 2021, the virtual card is positioned to tackle some of the biggest points of friction in B2B payments, including solving working capital needs for both buyers and suppliers, and mitigating fraud and other security risks.

B2B 119

B2B Accounts Payable Invoicing B2C 119

PYMNTS

AUGUST 19, 2020

Again, noted Fordyce, this can take many forms — from automating invoice reconciliation to addressing a user’s resource constraints. Banks often have the advantage of more robust security and anti-fraud measures, which can benefit FinTechs through partnerships.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

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.

Invoicing 41

Invoicing Treasury Reconciliations B2B 41

PYMNTS

DECEMBER 7, 2020

Connected to Adflex’s payment platform, suppliers can “send a payment link via email or SMS,” enabling buyers, in turn, “to settle invoices quickly and securely from any geography, encouraging timely reconciliation and reducing cash flow problems caused by late payments,” Bermingham wrote.

B2C 65

B2C Reconciliations B2B Invoicing 65

PYMNTS

NOVEMBER 3, 2020

Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. 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.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

PYMNTS

NOVEMBER 8, 2018

A single-use Barclaycard credit card number is created to pay the supplier, which is followed by automatic reconciliation. The trade finance offering follows the rollout of Coupa Accelerate, an early payment discount tool for corporate buyers who want to secure discounts on their invoices by paying their bills before their due date.

Invoicing 65

Invoicing Reconciliations B2B Finance 65

PYMNTS

DECEMBER 10, 2020

The establishments are able to invoice directly through the traveler's company or travel agency by use of virtual cards. Both the traveler and the agent can benefit from automated reconciliation, minimize the risk of fraud, and experience a simple, secure, frictionless process from purchase to payment.".

Reconciliations 69

Reconciliations Invoicing Communication Numbers 69

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. But very little, if any, thought is given to the downstream implications for the supplier.

Reconciliations 61

Reconciliations B2B Invoicing Accounting 61

PYMNTS

JULY 31, 2019

That highway, Lane added, is one that provides instant and friction-free payments access between buyers and suppliers, while at the same time guaranteeing the privacy and security of the data associated with the payment.

B2B 76

B2B Accounts Payable Invoicing Reconciliations 76

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

JANUARY 19, 2021

Those pain points center around cash flow, manual processes (where employees match invoice and payment data), and the management of suppliers. The enhanced data they’re able to generate through virtualization simplifies reconciliation and gives them access to reporting, enabling them to better forecast future cash flows,” Blair explained.

B2B 93

B2B Invoicing Reconciliations Treasury 93

PYMNTS

MARCH 6, 2020

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. In the meantime, PYMNTS gathered up a shortlist of the B2B FinTechs that were able to secure new funding as backers prepare for their next wave of support. and hoping to expand into Europe. At the same time, the U.S. Mailprotector.

B2B 80

B2B Startups Nonprofit Reconciliations 80

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 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

AUGUST 5, 2019

2), ePayRails said it secured $2.45 The company was founded in January 2018 and offers businesses a “Fintelligent” payment platform that consolidates payments and invoice data, automates accounts payable and accounts receivable, and provides intelligence on B2B payments and invoices. In a press release Friday (Aug.

B2B 40

B2B Startups Securities Accounts Payable 40

PYMNTS

MARCH 1, 2019

While this information is useful for invoice reconciliations, payments tracking and more, cybercriminals could use it to transmit malware embedded in the payments attachments or links. Security strategies. These messaging standards attach more data to the transactions.

Securities 53

Securities Reconciliations Banking Invoicing 53

PYMNTS

JANUARY 30, 2020

These 16-digit credit card numbers are created for one-time purchases at set amounts, and the convenience, security and speed they provide are allowing them to take hold in the B2B payments space. percent of AP professionals would like to implement electronic invoice solutions, and that 22.9 How Security Drives Virtual Card Use.

B2B 71

B2B Invoicing Accounts Payable Reconciliations 71

PYMNTS

JANUARY 17, 2021

ICICI’s current account holders will be able to use the partnership to securely connect their software to their bank accounts. Those lacking an ICICI account will be able to apply for one within AlignBooks, the report stated.

Banking 61

Banking Reconciliations Invoicing Accounting 61

PYMNTS

DECEMBER 9, 2020

The enterprise simply wants to have a seamless solution in place when, for example, they want to convert three days’ worth of sales to cash, or when they want to pay an invoice. Looking ahead, the Visa executives told Webster that, in Summers’ words, the four pillars of reach, flexibility, history and security will remain unchanging.

B2B 134

B2B Reconciliations Accounting Invoicing 134

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.

Reconciliations 52

Reconciliations Invoicing Communication Securities 52

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.

B2B 75

B2B Banking Reconciliations Planning 75

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

APRIL 17, 2020

Increasingly, accounting platforms are exploring how looping into business clients’ bank data can streamline data collection, reconciliation and analytics. Open banking enables these platforms to obtain information more quickly and securely, explained Vaccino. But it’s not the only use-case for open banking.

Banking 83

Banking Reconciliations Prioritization Accounting 83

PYMNTS

JANUARY 26, 2017

The solution is called Finlync SAP-DL Integrator , and the idea, said Finlync in an interview with PYMNTS, is that the ERP system is the central home to critical data like purchase orders and invoices, business partner payment information and the like. Faster processes, less complexity, heightened security — it seems like a no-brainer.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

JULY 3, 2020

The FI’s latest tie-up , announced earlier this week, is with FIS and MineralTree , with FIS extending its Integrated Payables solution, and MineralTree offering its Invoice-to-Pay tool for People’s United Bank corporate customers. Collaborating with FinTechs is a valuable strategy for banks, noted Sigovitch.

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

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. Looking at Working Capital – and Security. Not rethinking those workflows can be catastrophic, he warned: “If I don’t do this, I’m not going to be in business.”. Looking Ahead .

B2B 97

B2B Accounts Payable Reconciliations Economics 97

PYMNTS

OCTOBER 1, 2020

As reported earlier in this space, dealmaking to date in 2020 has included eCommerce-as-a-Service firm Mirakl securing a $300 million investment, and payments firm Zoop securing a $10.85 The news came against a backdrop where other announcements and activities have illuminated the attractiveness of B2B FinTech as an investment space.

B2B 56

B2B Invoicing Practice Management Reconciliations 56