PYMNTS

JANUARY 30, 2020

Virtual cards can improve accounts payable (AP) processes, benefiting both buyers and suppliers by streamlining day-to-day payments, and providing greater control over cash flows. The cards are also linked to checking or other payment accounts, and expire at designated times. PYMNTS reported that 46.4 For example, a firm that earns 0.5

B2B 71

B2B Invoicing Accounts Payable Reconciliations 71

Future CFO

APRIL 7, 2022

He comments that most accounting graduates have more exposure to Excel than finance-related software solutions through their college education), lethargy to pick up new technologies, and sometimes difficulty in getting approval for finance technology investment. “The banking fees).

Finance 98

Finance SAP Leadership Cash Management 98

PYMNTS

NOVEMBER 13, 2019

In the drive to manage accounts payable (AP) more efficiently, buyers can not only optimize their own working capital, they can help suppliers, too. That, of course, means moving beyond the paper-based invoice processes and the paper check — something that roughly 81 percent of companies still use to pay suppliers.

Accounts Payable 46

Accounts Payable Invoicing Reconciliations Accounting 46

PYMNTS

OCTOBER 14, 2020

That’s translated into a fundamental shift in workflows, spanning everything from procurement to invoice approvals to payments that need to be made. Accounts payable and receivable used to be concrete, separate operations. Looking at Working Capital – and Security. “A Looking Ahead .

B2B 97

B2B Accounts Payable Reconciliations Economics 97

PYMNTS

JUNE 5, 2018

Case in point: PayPal recently partnered with business management firm Sage to enable businesses to pay their supplier invoices with a PayPal business account. ” For corporate buyers, that yields “the ability to view the full reconciliation of payment” in a bird’s eye view of spend and expenses.

B2B 46

B2B Invoicing Education Reconciliations 46

PYMNTS

OCTOBER 2, 2019

Commercial payments, for example, have long relied on inefficient practices — like paper stubs that accompany paper checks, or lists of invoices paid and payments allocated to each invoice. It’s incumbent upon FIs to educate their corporate clients on the different faster payment services and products on offer.

B2C 81

B2C B2B Accounts Payable Invoicing 81

PYMNTS

JULY 21, 2017

Buyers have their own preferences in how they want to pay, and they typically want to wait to settle their invoices to hold on to their cash for as long as possible. A key part of getting paid more quickly is electronic invoicing. Suppliers, though, often want to be paid differently than how buyers pay — and want that cash quickly.

Invoicing 47

Invoicing Reconciliations B2B Education 47

PYMNTS

MARCH 23, 2017

Receivable Savvy, an accounts receivable and order-to-cash management firm, wants suppliers to see Same Day ACH as an opportunity to bolster cash flow. The company, which provides education and resources for suppliers, recently released a new eBook to guide vendors on how to take advantage of Same Day ACH technology.

B2B 54

B2B Invoicing Reconciliations Education 54

PYMNTS

DECEMBER 5, 2019

The latest evolution of commercial card technology, however, aims to position cards as a digital tool for accounts payable teams to make supplier payments. Undoubtedly, the biggest hurdle in commercial card adoption in accounts payable is vendors’ reluctance to accept the interchange fee associated with receiving payments.

Accounts Payable 53

Accounts Payable B2B Reconciliations Accounting 53

PYMNTS

DECEMBER 4, 2017

And the technology finally exists to make that happen; it simply takes some education to build awareness. He likened his firm to a bridge between the accounts payable and receivable worlds as it relates to credit card usage and acceptance. PARS for a New Course.

B2B 40

B2B Invoicing Reconciliations Accounts Payable 40

BlueLight

JULY 16, 2020

In these conversations, I observed each finance leader had a different perspective and approach with their financial accounting partner. I caught up with Sandeep Shroff, Co-Founder and CEO of myStartUpCFO , an accounting firm that provides on-demand full-stack CFO services for startups. It’s a cause close to my heart?

Startups 52

Startups CFO Reconciliations General Ledger 52

PYMNTS

MAY 3, 2018

It’s what they’ve done before now in international education and healthcare payments (among many other verticals), and – through its partnership with Billtrust – it’s what they hope to bring to the $18.5 trillion world of cross-border B2B payments.

B2B 40

B2B Reconciliations Invoicing Currencies 40

PYMNTS

APRIL 12, 2016

Not only do they add an enhanced level of security and fraud protection to the accounts payable process, they also simplify processes and provide a mechanism for generating new forms of revenue to support the nonprofit mission.”. Speaking of the AP professional, that’s the third benefit: streamlined accounts payable processes.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

CFO News Room

NOVEMBER 2, 2022

Though Section 203(c)(1)(D) of the Advisers Act contemplates the possible adoption of a rule that requires the submission of a balance sheet certified by an independent public accountant and “other financial statements,” the SEC has to-date not adopted such a rule. Sends the client an invoice or statement itemizing the fee.

Compliance 130

Compliance GAAP Investments Advertising 130

PYMNTS

MARCH 16, 2017

With its start in the education and healthcare sectors, Flywire’s expansion into B2B payments isn’t far of a stretch for the company, which already supports high-value international payments like tuition or medical care costs. Sometimes it’s the fact that maybe an invoice was short-paid.

B2B 43

B2B Marketing Compliance Invoicing 43

PYMNTS

MAY 15, 2018

Part of innovators’ motivation to target this industry is the fact that there are so many points in business-to-business transacting that have the potential for friction – from supplier sourcing to procurement to payments and reconciliation. “If you look at it in a circular fashion,” he said, “it feeds into itself. .”

B2B 40

B2B Invoicing Reconciliations Education 40

PYMNTS

JANUARY 20, 2017

By their very nature, virtual cards are controlled, he explained, because they are single-use accounts and have the ability for payments thresholds to be set, as well as very defined criteria as to who the payments can be made to. This type of control also helps from both a reconciliation and fraud prevention standpoint.

Accounts Payable 44

Accounts Payable B2B Education Reconciliations 44