PYMNTS

DECEMBER 17, 2018

13), Bill.com said in its report, “ The Rise of Modern Business Payments ,” that accounting professionals now point to ACH payments as the dominant way they pay their corporate bills, with 73 percent noting that they use ACH payments and online banking to pay their clients’ invoices.

B2B 63

B2B Accounts Payable Invoicing Reconciliations 63

PYMNTS

SEPTEMBER 13, 2016

McDonnell also cited one particularly troubling case in which a small business owner had been waiting 742 days — more than two years — to see invoices settled from one client. The executive cited Irish companies, which pay their suppliers on-time, and Japanese companies, who pay an average of 6.5 days early. “He got paid. .”

Invoicing 65

Invoicing B2B Accounting Firms Accounting 65

PYMNTS

APRIL 30, 2020

Invoiced Tackles The Friction of Check. While B2B payments innovation has opened up the opportunity for businesses to send and receive funds via cards and other payment rails, the paper check remains commonplace with some FinTechs choosing to innovate on top of check systems in lieu of forcing firms to move to different rails.

Invoicing 73

Invoicing Reconciliations Currencies B2B 73

PYMNTS

OCTOBER 6, 2016

This integration will improve companies’ ability to pay bills and complete accounts seamlessly. In a press release, Entryless said businesses using this integration will be able to send bills and purchase invoices in any format to Entryless, which will then be captured in image form by Entryless.

B2C 75

B2C Auditing B2B Invoicing 75

PYMNTS

MAY 4, 2020

In separate news, Xero, the cloud accounting firm, and Square, a payment services company, are teaming to provide a tool for faster invoicing and payments to SMBs, per news in February. SMBs using Xero can email invoices with the built-in Square payment functionality. in their employ.

Accounting 60

Accounting Invoicing Nonprofit Accounting Firms 60

PYMNTS

DECEMBER 5, 2016

. $62 billion in unpaid invoices are written off as losses by U.K. The company’s findings highlight the ongoing pressures SMEs in the nation face when dealing with late payments; according to the report, on average, small businesses write off $14,600 every year because their invoices go unpaid. SME lender Wirefund.

Invoicing 75

Invoicing Construction Finance Accounting Firms 75

PYMNTS

OCTOBER 1, 2020

The recent work-from-home environment further proved the importance of having integrated, cloud-based billing, invoicing and electronic payment acceptance – especially as remote transactions have become daily necessities.

B2B 56

B2B Invoicing Practice Management Reconciliations 56

PYMNTS

JANUARY 2, 2020

The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax. “Many of the routine jobs will go as areas such as invoice processing are automated.

Data Analysis 71

Data Analysis Accounting Standards Auditing Invoicing 71

PYMNTS

SEPTEMBER 12, 2016

The technology can respond to requests for balance information, send invoice reminders upon request and other tasks. “Connecting the more than 50 million small businesses on Facebook Messenger with accountants and bookkeepers is a huge opportunity for our industry,” said Xero CEO Rod Drury.

Invoicing 68

Invoicing Accounting Accounting Firms Financial Data 68

PYMNTS

MARCH 15, 2017

SME accounting firm Xero is integrating machine learning technology into its solution, the company announced this week. Reports Tuesday (March 14) said Xero is deploying a machine learning automation system that will help businesses’ specific needs, including automated invoice categorization.

Accounting 47

Accounting Invoicing Accounting Firms Technology 47

PYMNTS

DECEMBER 6, 2020

Practice management software provider ImagineTime , which works with accounting firms, has partnered with Mango Billing for a "next-generation practice management solution," according to a press release.

Accounting 67

Accounting Practice Management Invoicing Accounting Firms 67

PYMNTS

DECEMBER 7, 2020

Through 100 percent invoice integration, the service boasts improvements to savings, and offers a compliance audit feature that can help vendors cut spending. ImagineTime, Mango Billing Partner On Digital Accounting. MonetaGo, GUUD Team On Secure Transactions.

B2B 63

B2B Finance Practice Management Invoicing 63

PYMNTS

SEPTEMBER 27, 2020

We believe that solutions which integrate and automate billing, invoicing, and electronic payments will deliver stronger, more efficient receivables management, particularly since most small businesses still process paper checks,” he said, according to the release.

Practice Management 64

Practice Management B2B Invoicing Accounting Firms 64

PYMNTS

JULY 1, 2019

The latest analysis from cloud accounting firm Xero found that $80.86 billion worth of invoices remain outstanding every year for Australian small businesses. Xero’s report found 53 percent of all trade credit invoices are paid an average of 23 days past due. In the U.S.,

Construction 44

Construction Invoicing B2B Accounting Firms 44

PYMNTS

SEPTEMBER 11, 2017

“One is their systems are pretty low, their knowledge in the area is pretty low, they don’t have in-house IT people, most people don’t really understand this stuff at all … and they have a tendency to pay accounts and invoices quickly. When you get a false account, they have a nasty habit of being paid.”.

Securities 77

Securities Invoicing Education Manufacturing 77

PYMNTS

OCTOBER 23, 2018

As reported, the Carillion failure led to insolvencies in the first quarter of the year, spiking by 20 percent over last year, as estimated by accounting firm Moore Stephens. Sears In Suit Over Unpaid Invoices. Cross-Border Invoicing Initiatives. Our members are providing the working capital of big companies.”.

Invoicing 43

Invoicing Treasury Accounting Firms Economics 43

PYMNTS

AUGUST 7, 2018

The company is collaborating with small business accounting firm Xero to integrate its B2B payments capabilities into the platform. In a statement, Xero Australia Financial Industry Director Ian Boyd said the service will enhance B2B payments services for smaller firms. Xero and GoCardless already collaborate in the U.K.,

B2C 40

B2C Invoicing B2B Reconciliations 40

Future CFO

MARCH 14, 2024

Talent shortage among accounting staff continues to persist in many parts of the world including Southeast Asia, with the issue being most felt by small accounting firms that struggle to compete with the big accounting firms: KPMG , PwC , Ernst & Young , and Deloitte.

Accounting 98

Accounting Finance Financial Analysis Compliance 98

PYMNTS

DECEMBER 9, 2019

But delayed and late invoice payments are far from an isolated problem. trillion in accounts receivable on any given day, though how much of that is considered past-due is unclear. One in five invoices paid late are sent to the wrong address , according to the Australian Taxation Office (ATO). For the nation’s estimated 2.5

Invoicing 41

Invoicing B2B Budgeting Accounting Firms 41

PYMNTS

NOVEMBER 13, 2019

New Zealand’s cloud-based accounting firm Xero is overhauling payments to integrate with TransferWise , Stripe and GoCardless , Xero said in a press release Wednesday (Nov. to set up card and debit payments for customer invoices and bills. GoCardless allows for Direct Debit payments and installment payments for invoices.

Foreign Exchange 46

Foreign Exchange Invoicing Auditing Accounting Firms 46

PYMNTS

SEPTEMBER 24, 2019

The FinTech accounting firm will use the series D funds to grow the platform and its artificial intelligence (AI) tools that can read, process, pay and track invoices. .

Accounts Payable 49

Accounts Payable Startups Accounting Invoicing 49

CFO Plans

SEPTEMBER 24, 2024

Embrace Virtual Accounting Services for Startups For startups, managing finances can be particularly challenging. Virtual accounting services for startups provide a cost-effective solution, offering the same level of expertise as traditional accounting firms but with greater flexibility.

Tax Planning 52

Tax Planning Accounting Planning Budgeting 52

PYMNTS

MAY 3, 2018

Earlier this year, Veem launched an initiative to expand its global payment services to third parties via API, revealing in February that it is working with logistics company Cargocentric, digital staffing solution provider EliteWork, accounting firm HireAthena and virtual reality company SpringboardVR, which have integrated Veem’s capabilities.

Invoicing 46

Invoicing Accounting Firms Investments Banking 46

The Charity CFO

JULY 12, 2024

For example, a nonprofit provides a paid service to a community member and issues an invoice. The revenue from the service is recorded now, even though the invoice hasn’t yet been paid. Limitations of Cash-Basis Accounting for Nonprofits Cash-basis accounting is a simple method that’s great for new or small nonprofits.

Nonprofit 52

Nonprofit Accounting Budgeting GAAP 52

PYMNTS

MAY 11, 2018

According to data released on Thursday (May 10) by small business accounting firm Xero , the company has reduced its losses for Fiscal Year (FY) 2018 compared with last year. During this FY, Xero noted that revenues from its core accounting product increased 37 percent, while revenues from other platform offerings nearly doubled.

Reconciliations 40

Reconciliations Invoicing Accounting Firms Accounting 40

PYMNTS

MARCH 7, 2016

70 percent of B2B invoices are paid late across the globe, says new analysis from MarketInvoice. More than 75 percent of invoices are paid late in France, higher than the global average. More than 75 percent of invoices are paid late in France, higher than the global average.

Invoicing 41

Invoicing Advertising B2B Accounting 41

PYMNTS

MARCH 28, 2016

590 billion in unpaid invoices are plaguing Chinese businesses , according to new reports from Bloomberg. The late payment problem in the country hasn’t been this bad since 1999, analysts added, with businesses waiting an average of 83 days to see their invoices paid off. All the data gets broken down below.

Invoicing 42

Invoicing B2B Accounting Firms Communication 42

PYMNTS

JANUARY 14, 2020

Telleroo is deploying the solution to enable bulk payments for bookkeepers and accountancy firms conducting accounts payable and payroll transactions on behalf of their clients. Bankbox enables end-users to initiate payments from directly within an accounting platform like Xero, the company explained in its announcement.

Banking 53

Banking B2B Accounts Payable Accounting Firms 53

PYMNTS

SEPTEMBER 1, 2017

31) and said Veem will now link its B2B clients to Acuity’s accounting services, while Acuity will integrate Veem’s international wire transfer solutions directly in its platform. Veem supports B2B payments and the movement of invoices across 60 countries, it said.

B2B 43

B2B Invoicing Accounting Accounting Firms 43

PYMNTS

FEBRUARY 2, 2018

Information technology (IT) management solutions provider Kaseya, which targets managed service providers (MSPs) with its offerings, is linking up with small and medium-sized business (SMB) accounting firm Xero to help businesses gain greater control over their financial data. The companies said Thursday (Feb.

Financial Data 46

Financial Data Invoicing Accounting Firms Leverage 46

PYMNTS

MAY 1, 2020

” This is the challenge that Gilded aims to address with its services that enable corporates to issue invoices and accept crypto and digital currencies on those bills.

Currencies 68

Currencies Accounting B2B Reconciliations 68

PYMNTS

JANUARY 19, 2018

Recent research from Australian small business accounting firm Xero and payments company American Express explored just how big of a stressor late invoice payments are on Australian companies. Analysts found that more than a third of outstanding invoices at businesses with between $1.5

Invoicing 40

Invoicing B2B Finance Accounting 40

PYMNTS

NOVEMBER 16, 2018

Based in Canada, Ario offers an enterprise Lending-as-a-Service (LaaS) solution for businesses and FinTech firms that want to provide a financing services to their own clients. For instance, its LaaS platform lets businesses provide invoice or payroll financing to their customers.

Accounts Payable 77

Accounts Payable Currencies Foreign Exchange Startups 77

PYMNTS

JULY 27, 2016

Manual data entry into spreadsheets is an outdated process for small business accounting and financial management, yet remains commonplace. SME accounting firm Sage looks to reduce the use of spreadsheets, but on Tuesday (July 26), the firm took its battle against the legacy tool a step further.

Invoicing 40

Invoicing Accounting Accounting Firms Communication 40

PYMNTS

APRIL 25, 2016

The solution integrates into supplier ERP, invoicing and logistics systems. Last year, Handshake revealed a partnership with SME accounting firm Xero to streamline the accounting process into Handshake’s procurement and inventory management solutions.

B2B 40

B2B eCommerce Invoicing Accounting Firms 40

Future CFO

MAY 19, 2020

For instance, invoice processing can be a very labour-intensive workflow. You need to prepare an invoice and send it to a customer. With the use of automation capabilities in handling invoices, administrative processes become seamless and smoother, especially for closing and servicing processes.

Finance 52

Finance Invoicing Technology Auditing 52

The Charity CFO

MARCH 28, 2024

Working with a professional accounting firm specializing in nonprofit accounting is a great way to fix your accounting system and save time. Nonprofit accounting firms have specialized knowledge related to financial management for nonprofits.

Nonprofit 52

Nonprofit Accounting Budgeting Compliance 52