CFO Talks

APRIL 15, 2025

Someone who knows the numbers inside out, can explain the movements, and understand what those numbers mean for the business. Reconciliations get done. Youll hear things like, Ops didnt send their numbers in time, or Thats not my line, I just posted what I was given. Its easy to think this is already happening.

Accounting 52

Accounting Forecasting Auditing Compliance 52

PYMNTS

JULY 27, 2020

The only number currently trending downward is exchange deposits, declining 1.29 Eighty-five percent of the country’s banks, or 55 banks total, have made use of the solution to help switch up the process of interbank reconciliation. She said the Corda process has shortened that down to just one day to complete a reconciliation.

Reconciliations 52

Reconciliations Banking Currencies Numbers 52

PYMNTS

DECEMBER 29, 2020

You have invoice aggregation, multiple account numbers with vendors, short payments, disputes and credit memos.". APIs have similarly become valuable tools to automate reconciliation and accounting via interconnectivity between AR, AP and accounting systems. B2B payments are messier than B2C payments," said Chanda.

B2B 114

B2B Reconciliations Accounts Payable Invoicing 114

PYMNTS

MAY 6, 2020

In an interview with Karen Webster, Simon Barker, CEO of Conferma Pay, explained that the announcement heralds the first time key attributes of virtual commercial cards — including expense controls and seamless data reconciliation — are being tied to tap-and-go payments, with the ease of use that mark contactless consumer payments.

Reconciliations 107

Reconciliations Entertainment B2B Banking 107

PYMNTS

JANUARY 22, 2019

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. Hospitals can often struggle to manually reconcile cash flow coming from multiple sources.

Cash Management 73

Cash Management General Ledger Reconciliations Healthcare 73

PYMNTS

MARCH 10, 2020

It was our key priority to launch this feature as quickly as we could, as it was the number one most-requested feature from our customers in Australia,” Jack Zhang, co-founder and chief executive officer at Airwallex, told The Australian.

Reconciliations 52

Reconciliations Foreign Exchange Currencies Accounting 52

PYMNTS

NOVEMBER 18, 2020

The pandemic has exposed glaring points of friction in any number of verticals – including banking, where it’s apparent that legacy systems and processes were not designed to handle real-time anything, and certainly not payments. Is real-time ready for prime time? Eyeing Efficiency . Looking Ahead.

Reconciliations 98

Reconciliations B2B Treasury Banking 98

CFO Talks

APRIL 10, 2025

Using tools like Power BI, IDEA, or even Excel with pivot tables, you can identify: Duplicate payments Payments outside business hours Transactions near internal control thresholds Inconsistent vendor banking details Round number patterns (e.g. Are reconciliations documented with sign-offs? Whos checking the reconciler?

Leadership 52

Leadership Auditing CFO Reconciliations 52

PYMNTS

FEBRUARY 1, 2021

Reconciliation Challenges. Slow reconciliation processes can result in extra costs and headaches, for example, by tying up staff schedules with tasks that could be managed by automation instead, Hagan said. Many firms still have AR systems that require employees to juggle different software platforms and conduct procedures manually.

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

Bramasol

AUGUST 31, 2023

How EBRR is a Game Changer There are a number of innovations and benefits that derive from using EBRR in the SAP Public Cloud. Streamlined Reconciliation - The revenue recognition process is fully integrated into the Universal Journal.

SAP 85

SAP Accounting Reconciliations General Ledger 85

PYMNTS

APRIL 4, 2019

It might have a settlement file from one processor come in for its month-to-month reconciliation procedures and then have to go through the process with all of its providers to ensure the numbers match up. Modo aims to provide a solution, turning the complex work of reconciliation into an automated process.

Reconciliations 70

Reconciliations Finance Retail Numbers 70

PYMNTS

NOVEMBER 9, 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 93

B2B Reconciliations Invoicing Securities 93

PYMNTS

JANUARY 23, 2019

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

Reconciliations 75

Reconciliations B2B Invoicing Finance 75

Future CFO

JUNE 24, 2024

Yes, in the sense that there are a lot of analyses that can now be handled by Gen AI and No, because it transforms accountants from number crunchers to strategic advisors.

Auditing 111

Auditing Financial Analysis Forecasting Reconciliations 111

PYMNTS

DECEMBER 9, 2020

Faster payments schemes also number more than 50 and counting. Faster payments schemes also number more than 50 and counting. We're working with a number of providers to facilitate that settlement virtually in real time,” he said.

B2B 134

B2B Reconciliations Accounting Invoicing 134

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

NOVEMBER 16, 2020

Keys can be the user's social security number, mobile phone number, or email address, providing a level of security and identification above the SITRAF rails. He's much more concerned about reconciliation of payments and assuring that people have paid so that he can put the goods [on the shelf] or provide service to the people.”.

Nonprofit 131

Nonprofit Reconciliations Banking Securities 131

PYMNTS

JANUARY 10, 2019

. “The beauty of the virtual card is that it’s the only payment modality today that solves the four biggest challenges in [the] payment process: speed, good funds, reconciliation [and] fraud risk,” explained Blair Jeffery, chief operating officer at payments processing company Noventis.

Reconciliations 61

Reconciliations Accounts Payable B2B Accounting 61

CFO Simplified

DECEMBER 19, 2022

After all, although the matters that I deal with are not strategic, I am in a good position to be advising not only my client, but the staff I work with, on some practical interventions that help assure that the numbers that everyone is depending on are accurate. Is the deposit in transit number correct?

Reconciliations 52

Reconciliations CFO Banking Numbers 52

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

The Charity CFO

APRIL 29, 2022

The audit firm will come in to review your final end-of-year numbers and all the documentation they need to complete your audit. That means keeping your paperwork organized, staying current on your reconciliations, tracking restricted funds , and accurately recording all your expense and revenue transactions each month.

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

Centage

SEPTEMBER 6, 2022

Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user. Once you start sharing your spreadsheet across your organization, you open up your sensitive information — and, as a result, your entire business — to serious security risks.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

PYMNTS

AUGUST 16, 2020

the newest update to its software, to help companies with faster account reconciliation, artificial intelligence, systems integration and more, a press release says. Trintech , which works in integrated Record to Report software, is releasing Cadency 9.0, According to experts, spending on AP automation is set to jump from around $1.9

Accounting 67

Accounting Reconciliations Auditing Financial Reporting 67

PYMNTS

JULY 3, 2020

Open banking also allows developers to aggregate bank account data into a single accounting portal, enabling automated reconciliation of the entire data set rather than doing it piecemeal. Issuing invoices and processing B2B payments can be simplified through open banking.

B2B 111

B2B Banking Invoicing Reconciliations 111

CFO Simplified

NOVEMBER 28, 2022

It’s just a bunch of numbers, right? This information is critical for a number of reasons that we’ll explore in this article. Here is probably the largest single asset in your company, and if you’re not making sure that those numbers are correct, you’re missing a very important reconciliation that you need to do.

General Ledger 98

General Ledger Accounts Payable CFO Reconciliations 98

PYMNTS

SEPTEMBER 23, 2020

In addition, PNC Bank intends to cut the number of its branch offices through 2021. The firm said that the product provides a complete view and supervision over business spending, while allowing for reconciliation, orchestration and information on spending. Deutsche Bank plans close 20 percent of its branch offices in Germany.

Banking 85

Banking Planning Currencies Reconciliations 85

PYMNTS

MARCH 4, 2020

“Native ERP reporting typically isn’t optimized to handle the structure of financial data, or many of the complex requirements like granular data, drill-downs, automated reconciliation and comparative reporting,” he said.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

Bank of the West

NOVEMBER 22, 2021

Treasurers stand to benefit from R2P in a number of ways, like cheaper collections, increased straight-through reconciliation, and greater visibility and control, which make R2P a valuable revenue stream. What R2P Means for Treasury Operations.

Treasury 98

Treasury Reconciliations Banking B2B 98

PYMNTS

JULY 27, 2020

According to the release, the Request to Pay service will attempt to reduce the number of late payments and could save billers as much as a billion pounds per year. Half of the respondents want “greater control” over their bill payments. Paul Horlock , Pay.UK ” .

B2B 76

B2B Reconciliations Numbers Accounting 76

PYMNTS

DECEMBER 10, 2020

With the partnership, the number of Booking.com properties that can be paid for with Amadeus Hotel Billback is increased from 20 percent to 80 percent, or the majority of Booking.com's hotels. Amadeus is teaming with Conferma Pay and Booking.com on a new streamlined travel booking and payment process, according to a press release.

Reconciliations 69

Reconciliations Invoicing Communication Numbers 69

PYMNTS

NOVEMBER 12, 2020

We have a number of solutions across markets, such as India, Southeast Asia and China, where cross-border payments have been brought down to effectively automated interactions that do two things: removing the need for paper as well as the ability to connect to customs and regulatory databases, both in a fully compliant manner,” he added.

Treasury 118

Treasury Cash Flow Forecasting Reconciliations Prioritization 118

PYMNTS

FEBRUARY 11, 2020

We’ve digitized the manual reconciliation process and eliminated the need for expensive, paper-based [checks]. Interac eTransfer: Bulk Request Money offers payment reminders that can be facilitated using the payor’s email address or phone number.

Banking 57

Banking Reconciliations Treasury Leverage 57

PYMNTS

JULY 27, 2020

The only number currently trending downward is exchange deposits, declining 1.29 Eighty-five percent of the country’s banks, or 55 banks total, have made use of the solution to help switch up the process of interbank reconciliation. She said the Corda process has shortened that down to just one day to complete a reconciliation.

Reconciliations 55

Reconciliations Currencies Banking Numbers 55

PYMNTS

JULY 17, 2019

The service allows a single, centralized view across all banking partners in real-time, facilitating accurate reconciliation. Marc Delbaere, head of Corporates and Trade at SWIFT, called gpi for corporates “the result of ground-breaking collaboration between corporates and banks to revolutionize cross-border payments for corporates.

Banking 75

Banking Treasury Reconciliations Leverage 75

PYMNTS

JANUARY 21, 2021

Thanks to this agreement, we can now offer JAGGAER customers and their suppliers improved tracking, reconciliation and speed of processing or receiving cross-border transactions in 134 currencies,” JAGGAER CEO Jim Bureau said in the announcement. The numbers came out to $2.5 US CFOs Consider How to Use Cash Reserves.

B2B 85

B2B Banking Reconciliations Currencies 85

PYMNTS

NOVEMBER 7, 2017

It aims to reduce Days Sales Outstanding and supports streamlined reconciliation. The FI added that AR and reconciliation can be especially challenging for companies that receive payments across borders. Payer ID assigns account numbers to each individual payer, enabling corporate treasury departments to match payment with payer.

Reconciliations 48

Reconciliations Treasury B2B Cash Management 48

PYMNTS

APRIL 7, 2019

The list ranks Coinbase — the only crypto or blockchain firm on the list — at number 35, while JPMorgan comes in at number 44. The trial showed that duplications and reconciliation processes could be removed from the process, with the first transaction taking less than an hour. employers for 2019.

Reconciliations 68

Reconciliations Numbers Banking Sales 68