PYMNTS

AUGUST 24, 2020

In a case that highlights how anybody — truly, anybody — can be a victim of invoice fraud, federal officials have reportedly charged two brothers in New York State for an alleged $19 million scam targeting Amazon. Fitzhugh warned, "Invoice fraud is not a victimless crime. Canada and the world over.

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Future CFO

APRIL 15, 2024

launched its generative artificial intelligence -powered Journals Risk Analyser, empowering finance and accounting leaders with anomaly detection. The new technological advancement paves way for powerful insights and trends to help out finance professionals to streamline audits and boost risk management and compliance. BlackLine, Inc.

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PYMNTS

MARCH 22, 2019

One way to secure funding is to use invoice financing. USD equivalent to help fund its efforts to help companies secure loans against invoices (through linkups with investors) using blockchain and artificial intelligence. To that end, Netherlands startup Finturi earlier this month said it had secured $2.2

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Invoicing Finance Manufacturing Securities 65

Fpanda Club

MARCH 14, 2021

Assessing efficiency of businesses, projects and processes, the finance function does not always set an example in terms of best productivity. The evolution of the finance function results in new roles of finance professionals as strategic co-pilots and process and performance management experts.

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Future CFO

MAY 15, 2022

Finance leaders may have noticed one invoicing trend that emerged in the last couple of years – the way invoices arrive at their organisations has quite clearly changed. Now, with remote and hybrid work commonplace, most invoices are delivered through employees’ and the finance team’s email accounts.

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PYMNTS

SEPTEMBER 17, 2019

Australian FinTech 3Pay has launched operations, connecting businesses to an invoice financing solution designed to support cash flow and prevent small businesses from being placed on hold by their B2B suppliers. Reports in Dynamic Business on Monday (Sept.

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CFO Selections

JUNE 21, 2023

Invoice factoring, also known as accounts receivable financing, improves cash flow by selling your company's outstanding invoices to a factoring company for a fee. Invoice factoring can be a powerful tool for improving cash flow, but it needs to be used wisely as part of a well-considered overall financial strategy.

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PYMNTS

SEPTEMBER 20, 2016

million seed funding round in support of its cloud-based invoice financing solution for SMEs, reports said on Monday (Sept. “We allow small businesses using cloud accounting the ability to access the money tied up in their unpaid invoices whenever they like, in just a few clicks,” said the U.K. million in July.

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PYMNTS

JUNE 20, 2019

Open Banking platform Trade Ledger is introducing an invoice financing solution for banks and alternative lenders, the company announced this week. Based in the cloud, the invoice financing tool will be available to financial institutions (FIs) in Australia, Europe and Asia.

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The Finance Weekly

NOVEMBER 8, 2022

A finance software stack is a list of top solutions that will produce the best results for finance teams. Finance is responsible for a large number of critical operations in a business. Here are the 7 best finance software solutions broken down into different categories: 1) Accounting. Low implementation times.

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PYMNTS

NOVEMBER 10, 2020

Accounts payable (AP) and payment automation provider AvidXchange has rolled out a connection with Concur® Invoice for vendor payments. Concur Invoice lets companies ingest and digitize invoices via machine learning, integrating the payments in one system to supervise expenditures. 10) announcement.

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PYMNTS

JANUARY 16, 2020

B2B invoicing and payments firm Crowdz has announced a new pilot aimed at connecting businesses to crowdfunding services to finance their unpaid invoices. 16), Crowdz announced it is rolling out what it claims to be the world’s first invoice financing marketplace, InvoiceXchange, in pilot phase.

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PYMNTS

OCTOBER 14, 2016

That’s how invoice financing company Aztec Exchange , based in Ireland, found itself spreading into Spain and Latin America. But there was more to this global expansion, explained COO Oliver Gabbay, than entering markets where small suppliers are struggling to access financing. Late Payments.

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Invoicing Finance Compliance B2B 62

Future CFO

DECEMBER 28, 2022

The invoicing process encompasses much more than simply creating and transmitting an invoice. The total process cost per invoice includes the total cost of personnel, outsourcing, systems, overhead, and other allocations to these activities. per invoice. per invoice. Source: APQC. and top performers spent US$2.00.

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Invoicing Accounts Payable Accounting Leadership 52

PYMNTS

MARCH 16, 2018

Invoice financing company Invox Finance has officially kicked off its token sale. Buyers can access the Australian company’s Invox Finance platform, a peer-to-peer invoice financing portal that allows buyers and sellers to connect directly and swap data.

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Future CFO

MARCH 5, 2023

“Finance automation technology integrates machine learning and artificial intelligence for use in areas such as financial analysis, payroll administration, invoice automation, collections action, and preparing financial statements. What aspect of the finance function benefited most from the introduction of automation, and why?

Financial Planning and Analysis (FP&A) 98

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Future CFO

FEBRUARY 24, 2022

Deloitte’s updated Finance 2025: Digital transformation in finance lists eight predictions revolving around digital technologies. Four of the predictions have automation at the heart of the prediction: The finance factory: Transactions will be touchless as automation and blockchain reach deeper into finance operations.

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PYMNTS

JANUARY 22, 2018

Small and medium-sized business (SMB) financing company Trade Finance Solution (TFS) is expanding its offering through a new acquisition. 19) in a press release that it had reached an agreement to purchase Paragon Financial Group, an invoice financing firm. The company announced Friday (Jan.

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Future CFO

MARCH 16, 2022

According to the company’s assistant finance manager Kausalyaa Somosundaram , the exercise was primarily aimed at allowing the company to track its bookkeeping – both accounts receivables (ARs) and accounts payables (APs) – from one place. Simultaneous with the automation, we come up with a process flow for our finance process.

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Finance Accounts Payable Invoicing Compliance 98

PYMNTS

MAY 14, 2020

Invoice inaccuracies caused by either honest mistakes or deliberate fraud quickly add up if not caught and corrected, and unexpected monetary drains cause budgets to fall short of projections. Eric Forry, vice president of finance at U.S.-based Three-Way Invoice Matching. There are a lot of different variables.”.

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Invoicing Retail Accounts Payable Manufacturing 89

Future CFO

MARCH 10, 2024

Editor’s note: Automation can work wonders but it can also create challenges for the finance function. Sarita Singh, Regional Head & Managing Director, Southeast Asia, India, Greater China, Stripe FutureCFO: What are the major challenges facing CFOs and the finance function in 2024 in terms of automation? a decade earlier.

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Finance Invoicing Cost Management Technology 52

PYMNTS

AUGUST 14, 2017

Berlin-based fintech Billie announced it will now offer small and medium-sized businesses (SMBs) invoice financing, following an agreement with internet technology and financial services provider Wirecard. Invoices can be easily uploaded with the result that the invoice amount is paid out in full immediately,” said Grobe.

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PYMNTS

JANUARY 23, 2020

Independent invoice financing company LSQ has launched a new supply chain finance platform called LSQ FastTrack, according to a press release. The offering is meant for companies of all sizes, and it allows buyers to not only optimize their working capital but also give suppliers on-demand invoice funding options.

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PYMNTS

MAY 13, 2020

Accounts payable (AP) tools that provide quick, detailed oversights of businesses’ financial statuses and payments obligations can help pick up the pace of payments by keeping invoice approval processes on track. Three-Way Invoice Matching Brews Up Better AP Processes. Around The AP Automation World. Find the full story in the Tracker.

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PYMNTS

JULY 17, 2017

is adding support for companies that have foreign invoices, reports said Friday (July 14). The invoice financing company said it is adding euro and U.S. dollar capabilities to its solution, allowing businesses with invoices in these currencies to get financed. MarketInvoice, based in the U.K.,

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Invoicing Finance Currencies Foreign Exchange 41

Cube Software

DECEMBER 18, 2023

Finance automation: a need, not a want Today, companies are dealing with more transactions, complex financial operations, and the need for timely financial insights.

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Finance Invoicing 52

PYMNTS

JULY 6, 2017

startup Previse, an artificial intelligence (AI)-powered invoice financing platform, has announced new seed funding. Previse uses artificial intelligence and Big Data to assess the likelihood a company will pay its invoices, then provides that assessment to financiers through its platform. Recent reports said Previse raised $2.58

Invoicing 52

Invoicing Finance B2B Startups 52

Future CFO

APRIL 7, 2022

In one FutureCFO workshop of finance leaders, despite two-thirds using some of the most advanced ERP tools in the market, nearly all concede the use of spreadsheets as part of work. Forty-three years on, spreadsheets are still a staple of finance functions for companies big and small. Albert Leong.

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Finance SAP Leadership Cash Management 98

PYMNTS

SEPTEMBER 29, 2020

And in an interview with PYMNTS, Jacob Shoihet , co-founder and CEO of the online financing platform Marco Financial , said the problem is particularly acute for exporters. “In Overall, Marco Financial has noted, banks reject 50 percent of small- to medium-sized business (SMB) financing applicants.

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PYMNTS

FEBRUARY 6, 2017

Populous aims to use blockchain to disrupt the SME finance space, in particular the invoice financing industry , using distributed ledger technology to generate and transmit smart contracts and create a digital marketplace through which small businesses can finance their unpaid invoices.

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PYMNTS

DECEMBER 18, 2019

Lendo , a peer-to-peer (P2P) lending marketplace for small- and medium-sized businesses (SMBs), wants to help them pre-finance their invoices so they can potentially get paid faster, according to a report. The company is doing its business as an alternative to regular short-term finance by borrowing money against outstanding invoices.

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PYMNTS

APRIL 8, 2016

BlueVine is looking to expand its financing services beyond factoring and has taken a step away from invoice financing with the launch of Flex Credit. The offering can bring SMEs between $5,000 and $30,000 in financing, the firm said. The offering can bring SMEs between $5,000 and $30,000 in financing, the firm said.

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PYMNTS

DECEMBER 6, 2018

Invoice finance and supplier payments company Previse announced Wednesday (December 5) that it will join Oracle’s ScaleUp Ecosystem, a program linking tech startups to high-growth companies to support their expansion and foster co-development. Investors backed the company’s solution with $2.58

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PYMNTS

JULY 20, 2017

An announcement Wednesday (July 19) said Axis is rolling out Invoicemart, a digital invoice discounting platform for small businesses. TReDS [Trade Receivable Discounting System] is a reiteration of our commitment to bring [a] cost effective and convenient mode of financing to our MSME customers,” said Axis Bank Deputy Managing Director V.

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PYMNTS

JUNE 1, 2020

invoice insurance provider Nimbla is teaming up with the credit risk assessment firm Wiserfunding , according to a report in Crowdfund Insider on Friday (May 29). The partnership is a result of the launch of the FinTech task force Innovate Finance , which took place in March, the report said.

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PYMNTS

OCTOBER 19, 2018

Even the mightiest of tech firms are not immune to invoice fraud. The site noted that, among the alleged fraudulent actions, Tran stands accused of sending two fraudulent invoices to Microsoft, and those invoices were sent to the company from other vendors. Blockchain For Invoices. million from the company. 36 in 2012.

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PYMNTS

MAY 4, 2020

The Optimizing AP and AR Playbook , a collaboration between PYMNTS and OnPay Solutions , found last month that an estimated nine billion paper invoices are processed every year in U.S. But as Anderson explained, it won’t be easy for chief finance officers (CFOs) to entirely transform these processes all at once.

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