PYMNTS

JANUARY 30, 2020

Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives, and FinTechs finding new ways to collaborate with each other. AccountantsWorld Unlocks Payroll Data for FinTechs.

Banking 64

Banking Accounts Payable B2B Compliance 64

The Charity CFO

FEBRUARY 4, 2022

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. A bookkeeper records and organizes financial data; an accountant interprets and presents that data. .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

PYMNTS

DECEMBER 13, 2018

The problem can be traced back to data: as organizations scale, either through organic growth or M&A, they’re taking on more financial management platforms and opening more bank accounts, leading to fragmented storage of financial data. Open banking is not a regulatory requirement in the U.S.,

Treasury 62

Treasury Banking Cash Management Accounts Payable 62

PYMNTS

JANUARY 29, 2020

Despite its rising popularity, open banking and data sharing frameworks were not necessarily opportunities toward which banks initially jumped. Gradually, however, traditional FIs are increasingly acknowledging the value in open banking. This is a classic build-versus-buy decision,” he told PYMNTS.

Banking 52

Banking Accounts Payable Vendor Management Reconciliations 52

PYMNTS

DECEMBER 1, 2020

APIs and accounts payable (AP)/accounts receivable (AR) automation are revving up the speed of money and financial data to a pace more in line with pandemic-era market demands. with more than 140 American banks implementing such payments so far this year — an increase of more than 500 percent since September 2019.

Treasury 64

Treasury Accounts Payable B2B Invoicing 64

Spreadym

JULY 10, 2023

The financial close process, also known as the accounting close process or month-end close, is a series of steps undertaken by an organization to finalize its financial records for a specific accounting period. These entries correct errors, allocate costs, or reclassify transactions to the appropriate accounts.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

JULY 23, 2020

In accounts payable, you have to get the payments out and you have to print and mail checks. CFOs and CIOs are notoriously controlling about financial data ; it’s in their job description. Relating this to payment systems, he added that “the cloud-based environment that we operate in is bank-grade.

Accounts Payable 60

Accounts Payable Invoicing CFO Accounting 60

Centage

SEPTEMBER 6, 2022

So, why are so many companies relying on them to handle their financial needs? While there are many alternatives to spreadsheets, some organizations still consider them an important part of their accounting procedures. Widespread Use of Spreadsheets In past years, Microsoft Excel has dominated the business world.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

Spreadym

JUNE 19, 2023

Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. This may involve segregating duties, implementing approval processes for expenses, and regularly reconciling accounts. These features enable you to monitor and analyze your cash flow effectively.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

PYMNTS

MAY 25, 2016

If you think of the rise of corporate America over the last century, the function of the accounts payable department probably doesn’t come to mind as one of the main players. In an age of disruption, innovation and near-constant change, accounts payable has become a way for businesses to retain control and strategy.

Accounts Payable 46

Accounts Payable Invoicing Prioritization Accounting 46

Centage

SEPTEMBER 6, 2022

So, why are so many companies relying on them to handle their financial needs? While there are many alternatives to spreadsheets, some organizations still consider them an important part of their accounting procedures. Accounting Inconsistences, Double-Entries, and Liabilities. Spotting trends. Forecasting.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

PYMNTS

JANUARY 25, 2019

Data integration is key for any area of the enterprise, but data sharing between financial platforms is now one of the biggest focuses for enterprises and their financial service providers, particularly as open banking trends begin to simmer in the U.S.

Corporate Finance 69

Corporate Finance Finance Accounts Payable Communication 69

PYMNTS

JANUARY 14, 2020

This complicated process can involve everything from accounting and invoicing software to bank accounts. Today’s financial institutions (FIs) no longer need to worry about solely addressing all their clients’ financial-related needs, however. Leveraging APIs For a More Convenient Workflow.

Cash Management 52

Cash Management Invoicing Accounting Leverage 52

Future CFO

JUNE 13, 2022

Grace Lim (GL): During childhood, my dad had a great influence on my sister and I to take up a career in banking and finance. I graduated from the National University of Singapore with a Bachelor in Accountancy degree and pursued an ACCA qualification while working for the Public Utilities Board.

Healthcare 52

Healthcare CFO Leadership Finance 52

PYMNTS

JANUARY 26, 2017

Being able to transmit this type of data via blockchain would make B2B processes like invoice processing and payments far quicker, the company explained. According to Finlync, connecting all of the data within an ERP via blockchain can make business processes like payments far quicker than they are today. A Realistic Approach.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

JANUARY 18, 2021

With more digital banking options emerging on the U.S. market, FinTechs are turning their attention to the business community, whose demands for a better banking experience are growing louder. The advancement of enterprise digitization has given rise to a deeper understand of the importance of financial data for business leaders.

Accounts Payable 66

Accounts Payable Banking Invoicing Corporate Finance 66

Planful

JANUARY 11, 2022

Finance and accounting professionals will continue to work late into the night. With cloud-based financial data and nearly unlimited processing power, multiple and complex scenarios can be generated instantly. Common functions include elements of accounting, accounts payable and receivable, and payroll.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

PYMNTS

JULY 29, 2019

The complexities of business transactions not only mean various financial functions, from accounts payable to payroll, are stuck in their own silos — it can often mean more silos within those disparate systems. Most enterprises … have many disparate systems, ranging from accounting to payroll to banking to taxes, etc.,”

Accounts Payable 73

Accounts Payable B2B Invoicing Accounting 73

PYMNTS

DECEMBER 17, 2019

As open banking frameworks take root in more markets around the globe, the model of data integration continues to also take shape in the business financial services market, particularly impacting micro- and small businesses (and the FinTechs that service them). ” Open Banking’s Cost-Saving Opportunities. .”

Marketing 52

Marketing Accounts Payable Foreign Exchange Invoicing 52

PYMNTS

JANUARY 15, 2021

Accounts payable (AP) and accounts receivable (AR) personnel could no longer be in the office to handle paper, giving rise to the discussion of migrating away from physical invoices and other documents in favor of digital, automated solutions.

B2B 73

B2B Invoicing Accounts Payable Prioritization 73

PYMNTS

JANUARY 26, 2018

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47

PYMNTS

SEPTEMBER 4, 2018

A new report from Deutsche Bank suggests that even if adoption of accelerated payments remains muted for corporates, the trend is still affecting the enterprise and how it manages money — a fact that corporate treasurers must pay particular attention to. It’s not huge, but it’s not dismissible, either.

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

SEPTEMBER 12, 2018

There is no shortage of FinTech firms that have emerged since the 2008 financial crisis aiming to facilitate access to small business capital, many of which target supplier and invoice financing specifically. As the industry grows, access to small business financial data is a critical component of risk mitigation and underwriting practices.

Finance 40

Finance Accounts Payable Invoicing Reconciliations 40

PYMNTS

MAY 31, 2017

While it’s commendable for a micro-business owner to want to remain small enough to control the books, the fact is, many entrepreneurs are inept when they put on their accountant’s hat. “Banks talk about the importance of the micro/small business category,” he recently told Karen Webster. and she has Wave.

Cash Management 51

Cash Management Invoicing Accounts Payable Financial Data 51

PYMNTS

MAY 24, 2018

A deeper look at this challenge, however, reveals an array of friction related to the management of data stored by those payment platforms, including the inability to access key financial data in an efficient, automated way. Bank now supporting corporate payments via Zelle.

B2B 45

B2B B2C eCommerce Accounts Payable 45