Future CFO

SEPTEMBER 3, 2024

Source-to-Pay (S2P) and Procure-to-Pay (P2P) specialist Valtatech is integrating with Microsoft Dynamics 365 and the Pax8 marketplace to drive Malaysia’s ongoing e-invoicing transformation, according to a press release. The post Valtatech integrates with Microsoft to drive Malaysia’s e-invoicing transformation appeared first on FutureCFO.

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Invoicing Auditing Economics Securities 52

Future CFO

MAY 15, 2022

Finance leaders may have noticed one invoicing trend that emerged in the last couple of years – the way invoices arrive at their organisations has quite clearly changed. Now, with remote and hybrid work commonplace, most invoices are delivered through employees’ and the finance team’s email accounts. Automated verification.

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PYMNTS

NOVEMBER 19, 2020

19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others. The financial services giant on Thursday (Nov.

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PYMNTS

JUNE 25, 2020

But as David Landsberg , co-founder and CEO of Peasy , recently told PYMNTS , these programs aren’t always effective, and can sometimes create a scenario in which a supplier accepts a steep discount on an invoice without ever actually being paid. Peasy recently launched in the U.K. MineralTree Pairs For Global AP.

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CFO Share

APRIL 11, 2024

But many fear remote bookkeeping exposes them to security risks – hackers, fraudsters, and embezzlement – especially if the virtual bookkeeping solutions use employees in foreign countries. Bookkeeping security risks are always a valid concern, especially since internal staff perpetrate 57% of small business fraud.

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Securities CFO Invoicing Education 52

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.

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Invoicing B2C B2B Accounts Payable 94

PYMNTS

APRIL 8, 2020

To a significant extent, this process remains stuck in the predigital era and is ruled by checks and paper-based invoices, which are often accompanied by weeks-long delays and cash flow problems. For all their shortcomings, paper checks provide a measure of comfort and security, especially in dealing with large sums. Federal Reserve.

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Invoicing Accounts Payable Auditing Securities 89

PYMNTS

AUGUST 3, 2020

With real-time payments and settlement drastically diminishing the window of time in which financial service providers can detect and stop fraudulent activity, the development of such services must integrate security measures that can stop malicious activity before it starts. ” $4.13 Million Stolen In Reported Cyber Fraud Crime Ring.

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B2B Invoicing Accounts Payable Accounting 131

PYMNTS

NOVEMBER 5, 2020

Transacting with vendors through paper checks and receiving paper invoices have become more difficult due to postal service disruptions, companies’ shifts to working out of office and financial strains, however.

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Invoicing B2B Construction Accounts Payable 64

PYMNTS

JANUARY 18, 2021

With a second Paycheck Protection Program (PPP) on the way, small businesses have yet another chance to secure much-needed financial relief. Yet the new bill fails to address the gaps that allowed for fraudulent activity among some businesses that had secured PPP loans in the first round of stimulus, the publication alleges.

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Invoicing Accounts Payable B2B Securities 87

PYMNTS

NOVEMBER 16, 2020

Securities and Exchange Commission issues a dire fraud warning. Securities and Exchange Commission in October alone as the SEC warns that cyberattacks against corporations are on the rise. 155 percent more cases of invoice and payment fraud hit organizations from Q2 to Q3 , the latest analysis from Abnormal Security has found.

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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.

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PYMNTS

DECEMBER 7, 2020

This week's B2B Digest looks at how corporate finance scams come in all shapes and sizes, from employee expense fraud to invoice falsification. 12,600 was scammed from an Australian business via a fraudulent invoice , local reports said. But the BEC scam is not the only kind of business payments fraud plaguing firms today.

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PYMNTS

NOVEMBER 9, 2020

Johanna Stridsberg , product owner at Payer, said in the release that the digitization of invoices will be another step for Payer to help boost user-friendliness. Invoicing is clearly the preferred method of payment across the globe," Stridsberg said, according to the release.

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B2B Invoicing eCommerce Securities 95

PYMNTS

SEPTEMBER 28, 2020

According to the report, business leaders are more concerned about data security than ever before, citing the pandemic as one factor behind the fears. They are very concerned about data security, and they want self-service capabilities so they can customize their systems to fit their routines and work more efficiently.".

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Accounts Payable Invoicing Treasury B2B 96

PYMNTS

JANUARY 13, 2020

PYMNTS’ examination of recent cases finds employees falsifying invoices, doctoring checks and faking out companies to steal money from employers. Ten percent of business email domains are protected from spoofing , according to recent Security Boulevard reports. Reports said the former finance director allegedly stole $1.5

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PYMNTS

JULY 3, 2020

s Open Banking Implementation Entity has a similar directive, but goes a step further by implementing a rule set regarding API security, messaging and dispute management processing in hopes of making every API in the country meet the same standards. Issuing invoices and processing B2B payments can be simplified through open banking.

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B2B Banking Invoicing Reconciliations 111

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. This type of fraud often aims to meet financial targets or secure financing under false pretenses. This helps reduce opportunities for fraud.

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Invoicing Auditing Benchmarking Reconciliations 98

PYMNTS

AUGUST 17, 2020

9 in 10 of ASX 100 companies were found to have lapsed security strategies that allow for email spoofing and invoice scams , a new report from Agari said. The Financial Times cited documents that suggest the invoice fraud scheme allowed NMC to secure loans in the UAE via Neopharma.

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PYMNTS

DECEMBER 14, 2020

The problem with this strategy, however, is that when every company is looking get paid more quickly but pay their own invoices later, B2B buyers and vendors quickly find themselves in a position in which their own cash flow goals contradict each other. Optimizing Payments.

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Accounts Payable Cash Flow Forecasting Invoicing Prioritization 123

PYMNTS

JUNE 24, 2020

“Financial institutions (FIs) may want to establish themselves as one-stop shops for business clients’ financial solutions by expanding their product mixes to include software that supports quick invoice processing and digital payments,” the June Tracker states. Accessibility, Security and Transformation’. The Last Days of Paper?

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Accounting Accounts Payable Invoicing Prioritization 95

PYMNTS

FEBRUARY 12, 2020

As Colin Bastable, CEO of security awareness and training company Lucy Security, noted in an email to PYMNTS that this type of fraud doesn’t necessarily require hacking technology on an expert level. The size and scope of the problem has been steadily rising since FBI’s 2017 Internet Crime Report.

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Invoicing Securities Leadership Accounting 101

PYMNTS

JUNE 28, 2020

With the Pay on Email feature, Billtrust said in the release that it hopes to aid businesses with invoicing, as sometimes an invoice will be forgotten. Billtrust Founder and CEO Flint Lane said the idea behind Pay on Email is to do away with the necessity of paper checks and create more secure ways of knowing the status of a payment.

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Invoicing Accounts Payable B2B Compliance 83

PYMNTS

JULY 7, 2020

Overall, the pandemic has forced the industry to pivot toward digital offerings, especially mobile offerings, digital checkout , contactless payments and digital invoicing, a bit more quickly. Park offered the illustration where a big box retailer sends invoices to customers through mobile means and customers pick up curbside.

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https://trustedcfosolutions.com/feed/

MAY 17, 2022

With security breaches happening all the time, you should be moving to a more secure solution. Once a process is stable for three months, it’s time to move to a collaborative, automated, secure enterprise system and off of Excel. Unfortunately, it is also easy to make mistakes and often hard to find the errors.

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CFO Prioritization Invoicing Finance 107

PYMNTS

APRIL 14, 2020

Often, those security measures come in the form of third-party enterprise apps that can integrate with email platforms, employee training and multi-factor authentication measures. “But that brings a lot of problems, mostly in the areas of security and reliability. . Filtering The Inbox.

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Accounts Payable Invoicing Securities B2B 96

PYMNTS

OCTOBER 5, 2020

“We’ve seen the acceleration [away from manual, paper-based back-office functions] due to employees working from home” and issues tied to security and battling potential fraud, Joiner said. We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner.

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B2B Healthcare Reconciliations Accounts Payable 130

PYMNTS

NOVEMBER 13, 2020

Despite a growing community of FinTech solutions geared toward the industry, managing invoices and B2B payments remains a challenge. Managing The Invoice. But it's not only about ensuring that invoice data is ingested into QuickBooks Online. It's all about the speed of getting systems updated.".

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B2B Invoicing Retail Compliance 87

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.

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Accounts Payable Invoicing Education Reconciliations 89

PYMNTS

JULY 1, 2020

Studies have found that B2B invoices take an average of 37.4 Open banking can enable seamless transfers between banks and thus accelerate payments, provide heightened security and keep customers more apprised of their payments’ status, but its implementation has had several hiccups in the U.S.

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Banking B2B Invoicing Budgeting 114

PYMNTS

SEPTEMBER 29, 2020

We’re not underwriting specific invoices, we are not spot factoring — we’re actually underwriting the seller/buyer relationship,” he said. When goods arrive at the port of arrival, he said, typically Marco will advance up to 90 percent of the gross invoice value. Depending on the terms, Marco would then collect directly from the U.S.

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PYMNTS

JANUARY 20, 2020

Any freelancer I know who has charged interest on an invoice has not been hired again,” said freelance games writer Jupiter Hadley. 50 percent of SMB invoices were paid past their due date in 2019, new Xero analysis revealed. 90 minutes every day are spent chasing down late invoice payments among U.K.

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Invoicing B2B Startups Securities 94

PYMNTS

NOVEMBER 17, 2020

And while that will probably remain the case for the foreseeable future, Maria Prados , vice president of global eCommerce at Worldpay , tells PYMNTS that the shift to automated, paperless and secure B2B transactions is on the move. B2B historically has been pretty behind, especially around payments,” Prados said. The Case For Change.

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B2B Invoicing eCommerce Securities 108

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.

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B2B Accounts Payable Invoicing B2C 119

PYMNTS

SEPTEMBER 10, 2019

We look forward to leveraging Delego’s secure cloud-based solutions as part of our B2B payments offering as this underpenetrated market continues to experience significant growth.”. Delego in May rolled out PayCenter, an SAP-integrated tool for invoicing and payments to digitize and streamline accounts receivable.

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SAP B2B Invoicing Leverage 81

PYMNTS

NOVEMBER 9, 2020

The key features, according to the release, include invoice exchanges and creation and online purchase orders; shipping documents and sharing trade security through encryption; the ability to expand and include other banks and trading partners; and instant settlement and verification for payments.

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B2B Reconciliations Invoicing Securities 93

PYMNTS

APRIL 17, 2020

With only four investment rounds, B2B FinTechs were able to secure more than $181 million in fresh funding — an impressive sum amid turbulent times. By streamlining invoice processing, Previse said, it reduces friction for AP teams so small suppliers can get paid more quickly.

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B2B Accounts Payable Invoicing Investments 77