PYMNTS

MARCH 10, 2020

Small businesses do not have the time or resources to manage multiple technology solutions that often operate in silos — they need solutions to work and integrate with each other seamlessly,” Zhang said in the announcement. SMBs can also review transactions to measure how finances are doing.

Reconciliations 52

Reconciliations Foreign Exchange Currencies Accounting 52

Global Finance

JULY 2, 2024

In a globally and exponentially evolving technological economy, its flexible structure accommodates growth and facilitates seamless integration across platforms, laying the groundwork for leveraging emerging technologies, like AI. This enhances financial evaluation and speeds up decision making at lower costs.

Reconciliations 64

Reconciliations Treasury Compliance Forecasting 64

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

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

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

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

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

NOVEMBER 4, 2019

This month’s Deep Dive examines the pros and cons of digitized AR approaches as well as the role that technologies such as AI can play in minimizing B2B pains. . The technology can also automatically resolve payments it deems valid or provide them to specialists for a brief review. . Virtual Terminals and AI .

Technology 40

Technology Accounting Invoicing B2B 40

The Charity CFO

OCTOBER 9, 2024

Modern nonprofit leaders are always looking for ways to use technology to make everyday tasks easier. This makes it challenging to create technology that tracks data for fundraising purposes while still following accounting principles. Create a monthly reconciliation process between both databases.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

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

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

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

CFO Talks

SEPTEMBER 5, 2024

Choosing the Right Software and Technology Selecting the appropriate financial software is a critical decision. By automating routine tasks like data entry, reconciliations, and report generation, you can minimize the risk of human error and free up valuable time for your team to focus on strategic analysis.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

Bramasol

JULY 16, 2024

As with real world debt, Digital Debt must be constantly serviced at high costs; primarily in the form of low productivity, time-consuming data reconciliation, lack of end-to-end visibility, continuous maintenance updates, and inability to make changes. There are many indicators that your company has excessive Digital Debt.

SAP 90

SAP Reconciliations Leverage Prioritization 90

Planful

SEPTEMBER 1, 2016

The pre-conference event that I attended and spoke at was the 7th Annual Transformative Technologies in Accounting Workshop, which represents a sub-group of AAA focused on Strategic and Emerging Technologies. Hip, Cool, and Relevant Accounting Technologies. Heady stuff and certainly an emerging technology to watch.

Technology 40

Technology Accounting Auditing Reconciliations 40

Global Finance

JULY 26, 2024

A modern and agile technology stack that is modular, API driven, cloud ready and utilizes data and AI is imperative to meeting client needs and remaining competitive.” Being able to monitor everything not only simplifies reconciliation but also enhances management of accounts receivable.

Cash Management 52

Cash Management Treasury Reconciliations Currencies 52

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 Sales 61

PYMNTS

JANUARY 19, 2021

Volante Technologies , which works in cloud payments and financial messaging, is working with Citi to expedite Citi’s adoption of the ISO 20022 financial messaging standard, according to a press release. Citi is set to be the first Volante customer to offer a unified approach to that migration around the world, the release stated.

Reconciliations 60

Reconciliations Treasury Technology Banking 60

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

Future CFO

OCTOBER 2, 2024

This evolution necessitates a change in skill sets, with finance professionals needing to become more adept at ML and AI technologies. This disparity reflects the broader challenges of resource allocation and technological capacity that smaller firms often face in keeping pace with rapid technological changes.

Accounting 52

Accounting Data Analysis Accounts Payable Auditing 52

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

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

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

Strategic Treasurer

MARCH 21, 2022

Data related to bank account management and reconciliation practices is also gathered for a more comprehensive view of how various treasury operations impact security. Security Practices Employed (Both Human & Technological). Investments in Security & Fraud Prevention Technology. Date : Tuesday, March 22, 2022.

Treasury 52

Treasury Reconciliations Securities Risk Management 52

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

Spreadym

JULY 10, 2023

Here are the typical steps involved in the financial close process: Pre-Close Activities: This phase involves preliminary activities to prepare for the close process, such as reviewing account reconciliations, ensuring the completeness of transactions, and resolving any outstanding issues or discrepancies.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

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

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

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. Digitization in banking is on the rise due to the pandemic, which has seen people and businesses flocking to digital forms of financial services.

Banking 53

Banking Reconciliations B2B Invoicing 53

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 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

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

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

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

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

Strategic Treasurer

APRIL 3, 2023

In this survey, treasury and finance professionals were asked questions on the following topics: Fraud Experience: Frequency of Attacks, Source of Attacks, and Method(s) of Attack Security Practices Employed (Both Human & Technological) Cyber Risk Management and Data Protection Policies Investments in Security & Fraud Prevention Technology (..)

Treasury 52

Treasury Reconciliations Risk Management Education 52

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