CFO Dive

NOVEMBER 13, 2023

To speed up expense reconciliation — and, in turn, the financial close — companies need to ditch manual processes and embrace solutions that make managing travel and expenses faster and easier.

Reconciliations 152

Reconciliations 152

Cube Software

JANUARY 7, 2023

That's where account reconciliation comes in. (And for you triple-checkers and quadruple-checkers: we see you.). But what happens when you find discrepancies between accounts? Or an error in a financial statement? And we'll tell you all about it in this guide. What it is. When you need to do it. And how to get it done. Keep reading.

Reconciliations 52

Reconciliations Accounting 52

Simply Treasury

AUGUST 3, 2022

Automated bank connectivity through a single secure channel has become essential to reduce costs, facilitate on-boarding by banks, secure transactions, speed up and automate reconciliations and reduce staff workload. It will be traceable, secure and will allow the retrieval of bank statement information to automate the reconciliation.

Banking 147

Banking Reconciliations Treasury Securities 147

PYMNTS

JANUARY 26, 2021

Doing so, the bank noted, will streamline and enhance a range of payment-related workflows, including sanctions screening, anti-money laundering (AML) checks, reporting and reconciliation. HashCash Brings Blockchain Tech To Unnamed Bank. to bring its blockchain-powered corporate trade financing technology into the entity.

Banking 142

Banking Reconciliations Financial Data B2B 142

PYMNTS

OCTOBER 5, 2020

Comdata, she said, has mimicked the flow from claims to invoice to payment to reconciliation. “The shift I have seen there,” she told PYMNTS of healthcare firms, “that was most effective is providers [the vendors] had their way of going through the process either from an [accounts payable] or [accounts receivable] perspective.”.

B2B 130

B2B Healthcare Reconciliations Accounts Payable 130

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

DECEMBER 29, 2020

APIs have similarly become valuable tools to automate reconciliation and accounting via interconnectivity between AR, AP and accounting systems. It's a concept that involves the seamless, automated movement of documents and data between parties and through workflows, from purchase order to invoicing to payment to reconciliation.

B2B 114

B2B Reconciliations Accounts Payable Invoicing 114

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. Corporates will have improved compliance and security in strategic purchases and larger payments.

Reconciliations 92

Reconciliations B2B Invoicing Compliance 92

FISPAN

AUGUST 5, 2022

FISPAN delivers a seamless commercial banking experience, allowing you to directly manage your payables, view all bank account and transaction details, eliminate manual uploads, automate your reconciliation, and more, all from within NetSuite.

Banking 97

Banking Reconciliations Accounting 97

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.

Reconciliations 130

Reconciliations CFO Finance Invoicing 130

PYMNTS

NOVEMBER 12, 2020

Revenue Cloud will also work to improve revenue efficiency via automation, including relieving the burden of teams working with manual processes for approvals, data reconciliation and order transcriptions between numerous systems.

B2B 126

B2B B2C Reconciliations Sales 126

Cube Software

DECEMBER 30, 2022

From data collection to reporting to financial management, FP&A and accounting teams have a lot of responsibilities.

Reconciliations 52

Reconciliations Accounting 52

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

NOVEMBER 23, 2020

The result, according to the firms: simplified money movement between buyers and suppliers and automated payment processing and expense reconciliation. Commercial Pay Travel helps companies manage business travel spend by integrating with business travel reservation processes and reconciliation. Visa and Conferma Pay said Monday (Nov.

B2B 115

B2B Reconciliations Finance eCommerce 115

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.

Reconciliations 84

Reconciliations B2B Invoicing Compliance 84

https://trustedcfosolutions.com/feed/

MARCH 22, 2023

Reconciliations — Reconciliations involve comparing your accounts payable ledger to your vendor statements and ensuring they match. This includes the segregation of duties, approval workflows, and regular audits. With Sage Intacct, you define the invoice workflows and approval thresholds, so nothing falls through the cracks.

Accounts Payable 108

Accounts Payable Accounting Invoicing Reconciliations 108

FISPAN

JANUARY 12, 2022

Data feeds eliminate a significant portion of users' frustration with their experience when accessing information reporting and conducting reconciliations for bank clients. Data Quality To support an up-to-date, high-quality user experience, FISPAN goes beyond data aggregation and data passthrough.

Reconciliations 96

Reconciliations Banking Securities Leverage 96

PYMNTS

MARCH 16, 2020

In addition, the deal will allow better reconciliation of payments with the matching invoices. Goldman Sachs’ capabilities for cross-border payments and tech-savvy achievements that simplify payments as reasons why SAP is also getting something out of the deal.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

SEPTEMBER 17, 2020

It has the ability to expedite the flow of funds, ease reconciliation and streamline operational expenses, the release stated. Flywire works to provide international students with a customizable, convenient and safe payment experience.

Foreign Exchange 126

Foreign Exchange Education Reconciliations Currencies 126

PYMNTS

MARCH 18, 2020

As Biegel explained, a lack of data standardization across payment tools remains a challenge to the reconciliation and cash application process, even when that data is electronic. The lockbox offers an important step toward digitizing data in check transactions, which is key to reconciliation and cash application processes.

Reconciliations 80

Reconciliations Invoicing Communication B2B 80

PYMNTS

MAY 27, 2020

This week’s look at the latest in payments rails innovation finds players including Mastercard, Aflex and Paycor targeting existing card and ACH rails to expand their use for corporates, with a focus on reconciliation, data capture and transparency.

Reconciliations 92

Reconciliations B2B Compliance Risk Management 92

PYMNTS

SEPTEMBER 16, 2020

And anomaly detection and streamlined bank reconciliation will be available. Combined with its Intelligent Machine Learning-enabled receipt recognition, expenses are intelligently categorized to streamline the approval and back-office reconciliation processes.".

Reconciliations 76

Reconciliations Auditing Compliance Banking 76

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. Call For Integrations.

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

Bramasol

AUGUST 31, 2023

Streamlined Reconciliation - The revenue recognition process is fully integrated into the Universal Journal. In addition, this internal reconciliation process can feed into other external enterprise level reconciliation processes, such as Blackline, if appropriate.

SAP 83

SAP Accounting Reconciliations General Ledger 83

CFO News

JULY 11, 2024

The Central Government of India (CGS) has announced that goods and services tax will be applied to the 1% per annum corporate guarantee fee, effective from October 23, 2023. The move is expected to provide relief to businesses facing cash flow concerns and restrict the deemed valuation to domestic transactions.

Reconciliations 40

Reconciliations Valuation 40

Jedox Finance

SEPTEMBER 29, 2021

Data Silos – Sales data and financial data are separated, making reconciliation between those sources difficult. Having a separation between financial planning and sales planning limits the ability to accelerate those skills.

Financial Planning and Analysis (FP&A) 124

Financial Planning and Analysis (FP&A) Sales Forecasting Reconciliations 124

PYMNTS

DECEMBER 30, 2020

They can’t wait for end-of-month, or even end-of-week, reconciliation anymore,” she told Webster — and so corporates are pushing their banks to do something different. The vast majority of treasury organizations want simple, tech-driven solutions that don’t require them to go out and make use of new products.

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

PYMNTS

OCTOBER 6, 2020

In addition, customers can now obtain multiple pictures of checks that have been posted to their accounts to help with account reconciliation with the check image retrieval API. Furthermore, those who work in treasury can access reports seamlessly and maximize the potency of their information with a CashPro reporting API.

Treasury 75

Treasury Foreign Exchange Banking Reconciliations 75

The Finance Weekly

OCTOBER 30, 2024

Automation - Reduce manual tasks like bank reconciliations , allowing finance teams to focus on strategic decision-making. Automation - The platform automates routine tasks, including bank reconciliations and cash position reports. Why It Stands Out Trovata’s strength lies in its automation capabilities.

Cash Management 52

Cash Management Cash Flow Forecasting Reconciliations Forecasting 52

Future CFO

OCTOBER 22, 2023

Since BlackLine, we have seen 100% on-time completion rates for all month-end reconciliations. With BlackLine Task Management, managers and employees know what needs to be done and on what timeline. That increased visibility drives accountability,” said Santo Ahmed, group financial controller at Resimac.

Finance 94

Finance Reconciliations Currencies Accounting 94

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

JULY 15, 2020

. “With a cashless, plastic-free payment offering, virtual cards are replacing legacy payment methods because they overcome many historic payment challenges, such as labor-intensive reconciliation, fraud exposure and limited data insight,” according to the release.

Reconciliations 75

Reconciliations Transportation Compliance Leverage 75

PYMNTS

JANUARY 21, 2021

HashCash's HC Corporate Payment will come with immediate reconciliation, real-time document sharing and automation via smart contacts, in order to enable quicker, more effective B2B payments. The platform in question, according to the release, will also help with things like simplifying IT infrastructure and lowering operating costs.

Banking 93

Banking Reconciliations B2B Education 93

Bramasol

JANUARY 9, 2023

You will hear about CLM’s end-to-end integration provides robust support for the lease modification process, reduces manual journal entries and improves reconciliations crucial for day-to-day active lease management.

SAP 85

SAP Accounting IFRS Reconciliations 85

CFO Simplified

NOVEMBER 21, 2022

And it’s important that when you do those entries that you total them and then that spreadsheet is a reconciliation of all the expenses that were made. . This is necessary so that at the start of a new month, there is a fully funded cash box with a total reconciliation of all expenses made. Takeaways from Larry.

General Ledger 98

General Ledger Reconciliations CFO Accounting 98