CFO Talks

NOVEMBER 20, 2024

Leverage Technology Financial reporting software isn’t just a nice-to-have; it’s a necessity. These tools can automate complex reconciliations and streamline reporting processes, saving time and reducing errors. Upskill your team in international reporting standards or bring in experts who can handle the nuances of both IFRS and GAAP.

IFRS 98

IFRS GAAP Currencies CFO 98

PYMNTS

JANUARY 26, 2021

The financial institution (FI) revealed last week that it is working with Volante Technologies to accelerate its ISO 20022 adoption, leaving Citi to become Volante’s first banking customer to take a unified approach to its global migration to the messaging standard. HashCash Brings Blockchain Tech To Unnamed Bank.

Banking 142

Banking Reconciliations Financial Data B2B 142

The Finance Weekly

NOVEMBER 3, 2021

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. Defining Account Reconciliation The basic steps involved in reconciliation transactions include the following: 1.

Reconciliations 52

Reconciliations Accounting General Ledger (GL) Finance 52

Future CFO

MARCH 10, 2025

Current industry research suggests that AI technologies are gaining traction among finance professionals navigating a complex landscape marked by rapid change. However, the adoption rate varies significantly across the region, influenced by technological maturity and cultural attitudes towards innovation.

Finance 52

Finance Invoicing Compliance Leverage 52

PYMNTS

MAY 28, 2020

The FinTech enterprise Software-as-a-Service (SaaS) company, which is focused on automating treasury management and order-to-cash processes, said the new technology reinforces its investment and plan to make AR automation an important driver for business expansion, according to an announcement.

Technology 52

Technology Reconciliations Accounts Payable Credit Risk 52

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

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. But how productive am I? The answer is a definite yes.

Reconciliations 130

Reconciliations CFO Finance Invoicing 130

CFO Plans

AUGUST 2, 2024

In today’s rapidly evolving business landscape, the integration of technology into accounting practices has shifted from a luxury to a necessity. With the demands of modern businesses continuously growing, leveraging technology to streamline accounting processes is crucial for maintaining accuracy, efficiency, and competitiveness.

Technology 52

Technology Accounting CFO Tax Planning 52

https://trustedcfosolutions.com/feed/

MARCH 22, 2023

The Tech Stack for Your Accounts Payable Technology has revolutionized how we do business, and accounting is no exception. Optical Character Recognition (OCR) Technology. OCR technology scans and digitizes your invoices and receipts, making it easier to stay organized.

Accounts Payable 108

Accounts Payable Accounting Invoicing Reconciliations 108

PYMNTS

MAY 6, 2020

As workforces become more decentralized, as far-flung employees still have to pay suppliers and vendors — and perhaps even travel (someday) — the stage may be set, too, for technology to help transform the way employees spend corporate money. To that end, U.K. billion a month in the U.S.

Reconciliations 107

Reconciliations Entertainment B2B Banking 107

E78 Partners

DECEMBER 19, 2024

Operational Complexity : Diversifying across multiple asset classes requires specialized reporting and advanced technology platforms. Technology-Driven : Providers offer cutting-edge platforms to improve accuracy, streamline processes, and provide real-time insights. The Benefits of Co-Sourcing for Fund Managers 1.

Compliance 52

Compliance Reconciliations Risk Management Technology 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

MAY 27, 2020

For payments technology players, finding the opportunities to build upon existing infrastructure continues to open up new doors in B2B payments improvements. Buyers, meanwhile, can capture early payment discounts, gain payment choice, and automate reconciliation, too. Mastercard Track Business Payment Services Launch.

Reconciliations 92

Reconciliations B2B Compliance Risk Management 92

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. 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

FISPAN

JANUARY 12, 2022

This lack of control is leading the drive towards a secure solution-based platform that merges data and financial technology. Data feeds eliminate a significant portion of users' frustration with their experience when accessing information reporting and conducting reconciliations for bank clients.

Reconciliations 96

Reconciliations Banking Securities Leverage 96

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

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

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. FutureCFO spoke to Deka to dig deeper into the topic: Which features/capabilities in financial applications are most in demand by mid-size enterprises?

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

SEPTEMBER 26, 2018

The solution is compatible with existing Citi accounts receivable solutions, including Citi Payer ID Accounts for automated reconciliation. Users can view transaction activity and manage online banking entitlements, the bank explained.

Accounting 75

Accounting Reconciliations Treasury Currencies 75

PYMNTS

SEPTEMBER 16, 2020

For the Electronic Banking feature, Acumatica will offer secure connections with more than 11,000 financial institutions with multiple authentication methods and tokenization technology, according to the release. And anomaly detection and streamlined bank reconciliation will be available.

Reconciliations 76

Reconciliations Auditing Compliance Banking 76

Jedox Finance

SEPTEMBER 29, 2021

This term, set by Gartner, overlooks financial and non-financial business processes, data, and technology tools. Data Silos – Sales data and financial data are separated, making reconciliation between those sources difficult. In this eBook about 360° Planning you can learn more about the shift to xP&A. Connecting the dots.

Financial Planning and Analysis (FP&A) 124

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

PYMNTS

AUGUST 19, 2020

According to Fordyce, when it comes to B2B payments technology and AP automation, targeting the unique needs of particular verticals is one impactful way to stand out. Again, noted Fordyce, this can take many forms — from automating invoice reconciliation to addressing a user’s resource constraints.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

CFO Talks

DECEMBER 10, 2024

Embrace Technology, But Stay Vigilant Technology can be a game-changer for internal controls, automating repetitive tasks and providing real-time insights. However, technology is only as effective as the people who use it. Provide training for employees to understand why these controls matter. The takeaway?

Invoicing 52

Invoicing Compliance Reconciliations CFO 52

PYMNTS

NOVEMBER 27, 2019

That standardization supports recipients’ reconciliation hurdles, he added, meaning corporates can more quickly turn an incoming credit into applicable, working capital. ISO 20022’s path to ubiquity could serve as a model for faster payments technologies’ own adoption journeys. What Faster Payments Hasn’t Solved … Yet.

B2B 117

B2B Reconciliations Technology Leverage 117

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

NOVEMBER 10, 2020

But understanding how to position real-time payments technology to meet the needs of businesses is a challenge. As Scaffidi recently told Karen Webster, uncovering the B2B value of real-time payments is about understanding the broader culture shift that instant payments technology has introduced to the financial services landscape.

B2B 117

B2B Banking B2C Reconciliations 117

Future CFO

JULY 21, 2024

It is why the accounting profession is in need to keep up with the technological trends and not be caught off guard by the hurdles on the way, fully understanding the weight and importance of upskilling and reskilling. This transformation is an intertwined act of two complimentary forces: Sustainability and Technology," Abrol explains.

Finance 104

Finance Accounting Principles Problem Solving Accounting 104

Simply Treasury

JUNE 3, 2021

It also aims at identifying challenges corporate treasurers of MNC’s are facing and technological innovations they intend to implement. Top three treasury priorities in the coming months: Technological innovations. The answers show a certain lucidity on the part of treasurers who seem realistic in their use of new technologies.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

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

PYMNTS

MARCH 4, 2019

With the change, the costs of working with cash, such as reconciliation and physical cash drawers, are said to be removed. AMB Group also decided to begin its cashless strategy amid soccer season, and soccer’s fan base is generally more oriented toward technology.

Reconciliations 90

Reconciliations Accounting Technology Retail 90

PYMNTS

OCTOBER 30, 2020

Speaking with PYMNTS, Leybaert discussed the value of document digitization technology enhanced through artificial intelligence (AI) to not only automatically capture the data on procurement documents like purchase orders and invoices, but to streamline the payment on an invoice and even predict cash flow. The Opportunity in Data.

Invoicing 110

Invoicing Cash Flow Forecasting Reconciliations Forecasting 110

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

OCTOBER 7, 2020

In a move that lets its clients benefit from a new pre-constructed integration offering, enosix rolled out an SAP integration technology on Salesforce AppExchange. enosix, which was started in 2014, offers integration technologies between front-end infrastructure and SAP systems. 7) announcement.

SAP 80

SAP B2B eCommerce Reconciliations 80

Future CFO

JUNE 24, 2024

For accountants, Gen AI can help in the reconciliation and in-depth risk assessment with its capability to execute tasks, understand context and patterns and suggest optimal strategies. Since the technology is new, there is the question of how Gen AI Financial Statements undergo the scrutiny of regulatory requirements and audits.

Auditing 111

Auditing Financial Analysis Forecasting Reconciliations 111

PYMNTS

JANUARY 25, 2021

We’re making it easier for school employees charged with maintaining school facilities to obtain the supplies they need while automating the reconciliation of their day-to-day spending in a completely paperless manner,” ClassWallet CEO and Co-Founder Jamie Rosenberg said in the announcement. 25) announcement.

Reconciliations 61

Reconciliations Vendor Management Education Technology 61

PYMNTS

FEBRUARY 18, 2020

The platform can be used by eCommerce merchants, gig economy platforms, financial institutions (FIs) and technology providers that aim to provide a customized experience. ” Commercial card technology can ease multiple pain points in B2B payments. Using a single solution, Rapyd offers a full suite of FinTech services.

B2B 82

B2B Reconciliations eCommerce Compliance 82