PYMNTS

FEBRUARY 8, 2019

Financial data technology firm Validis is rolling out a new solution designed to automate month-end reconciliation processes for small business lenders and invoice financing firms. 7), Validis said it has rolled out DataShare Reconciliation for small business lenders offering Confidential Invoice Discounting (CID).

Invoicing 46

Invoicing Reconciliations Concentration Financial Data 46

PYMNTS

NOVEMBER 26, 2020

Vodicka recently told PYMNTS about how firms’ B2B transaction strategies are shifting, including how business clients are adopting new AP technologies to streamline and accelerate payments and how companies like Dell are responding with AR modernizations. . Ripple Effects: AR Modernization. Ripple Effects: AR Modernization.

Invoicing 67

Invoicing B2B Accounts Payable Reconciliations 67

Future CFO

AUGUST 1, 2023

The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific. 49% of mid-size enterprises plan to automate billing and invoicing processes via cloud applications in the next 18 months.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

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.

Invoicing 53

Invoicing Foreign Exchange Reconciliations Currencies 53

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.

Reconciliations 40

Reconciliations Invoicing Technology Sales 40

PYMNTS

DECEMBER 29, 2020

Chanda discussed his predictions for the B2B payments landscape in 2021, including how organizations will make progress in pursuit of the "perfect payment," and what technologies like artificial intelligence (AI), robotics process automation (RPA) and application programming interfaces ( APIs ) can do to tackle some of the biggest pain points.

B2B 114

B2B Reconciliations Accounts Payable Invoicing 114

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

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.

SAP 40

SAP Invoicing Reconciliations Compliance 40

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. . Embrace technology. The second point is about perfectionism. But how productive am I?

Reconciliations 130

Reconciliations CFO Finance Invoicing 130

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

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.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

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.

Accounting 52

Accounting Data Analysis Accounts Payable Auditing 52

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.

Invoicing 110

Invoicing Cash Flow Forecasting Reconciliations Forecasting 110

PYMNTS

NOVEMBER 4, 2019

Traditional B2B AR methods can involve preparing and mailing invoices, depositing those checks and waiting for funds to settle. Manual invoice efforts also consume time and introduce opportunities for human errors, which can come back to bite when customers dispute invoices or when companies analyze inaccurate details. .

Technology 40

Technology Accounting Invoicing B2B 40

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.

Reconciliations 80

Reconciliations Invoicing Communication B2B 80

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. As we move toward better and more tools … that process can be automated using newer technologies.” .

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

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

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

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

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

JANUARY 6, 2020

At the same time, a shift to electronic payments causes more reconciliation challenges, so companies are spending more time reconciling and processing them than they do even for paper payments. If they don’t use automation, companies dedicate more people to the reconciliation challenge — but automation can significantly help.

Reconciliations 52

Reconciliations Invoicing Construction Manufacturing 52

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. Capital Management Leans Into Digital.

Accounts Payable 87

Accounts Payable Invoicing Treasury Reconciliations 87

Future CFO

JANUARY 22, 2024

The accounting industry is undergoing profound transformation due to rapid technological advancements across all sectors in the market. Modern accounting software integrates seamlessly with diverse financial systems, automating tasks such as data entry, bank reconciliation, and invoice processing.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

PYMNTS

MARCH 16, 2020

In addition, the deal will allow better reconciliation of payments with the matching invoices. There will be cost transparency on fees, and payment routing will be handled by Goldman Sachs’ advanced machine learning technology.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

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. This month’s Deep Dive explores how speedy cloud-based automation software adoption is promoting healthy business growth.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

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.

Reconciliations 61

Reconciliations B2B Invoicing Accounting 61

PYMNTS

NOVEMBER 23, 2020

Amid the market uncertainty of the pandemic, small business owners often have to do more with less, and they're expecting the financial technology solutions they use to do the same. As these payment gateways increase support for faster payments, opportunities to combat delayed invoice payment scenarios will grow.

Finance 106

Finance Invoicing Cash Management Reconciliations 106

PYMNTS

DECEMBER 2, 2020

Mark Aquilina , senior vice president of product and strategy at WEX , told PYMNTS that’s partly because digitization of accounts receivable (AR) lags behind that of accounts payable (AP) on the technological front. And lastly, invoicing workflows are marred by manual processing. Addressing The Chokepoints .

B2B 79

B2B Invoicing Accounts Payable Reconciliations 79

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.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

NOVEMBER 4, 2019

RedCloud Technologies has announced the launch of its optical character recognition (OCR) driven digital collections and reconciliation payment solution. As a result, small distributors will gain ERP efficiencies to their invoicing and payment activities without the need to pay for expensive ERP software licensing.

Invoicing 40

Invoicing Reconciliations SAP Manufacturing 40

E78 Partners

MAY 8, 2024

ITSM is short for Information Technology Service Management, and in ServiceNow, it means a collection of practices, processes, and tools that are used to create, provide, manage, and enhance IT services that meet the requirements of an organization and its customers. What is ITSM within ServiceNow?

Leverage 52

Leverage Compliance Auditing Invoicing 52

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

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

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.

Finance 52

Finance Reconciliations Invoicing Data Analysis 52

PYMNTS

SEPTEMBER 27, 2020

The relationship will help Commerce Bank in its transformation to a more digital way of doing business, as the world continues to embrace digital technology in the wake of the pandemic. HighRadius also offers services for cash reconciliation, eInvoicing and collections to help those in underserved markets.

Banking 89

Banking Treasury Reconciliations Invoicing 89

PYMNTS

JUNE 10, 2020

Credorax , the smart payments provider and FinTech, has announced a partnership with Samsung to develop blockchain technology to offer open banking services, according to a press release. The effect will be to eliminate the need for manual tasks for those functions.

Banking 53

Banking Reconciliations B2B Invoicing 53

PYMNTS

NOVEMBER 18, 2020

Panelists included Sarah Billings , PNC’s senior vice president and head of payments product, operations and strategy; Bridgit Chayt , Fifth Third Bank’s senior vice president and director of commercial payments and treasury management; and infrastructure expert Domenico Scaffidi of Volante Technologies. Awareness of those differences is key.

Reconciliations 98

Reconciliations B2B Treasury Banking 98

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. They think global, they hire global, and they acquire customers globally.". Cross-Border Headaches. Post-Payment Pain Points.

Mergers and Acquisitions (M&A) 61

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