PYMNTS

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Open Banking. While Canada has not yet enacted open banking regulatory requirements, much like the U.S.,

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

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. Specific to the automation of finance and accounting processes, can you identify the top three areas mid-size enterprises are prioritizing to automate?

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. At the same time, he explained to PYMNTS, industry collaboration can mean combining banks’ and FinTechs’ biggest strengths.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

PYMNTS

FEBRUARY 1, 2021

Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. Reconciliation Challenges. 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

CFO Share

SEPTEMBER 27, 2022

Unfortunately, accounting processes are more complex than fixing your truck, and while many businesses benefit from hiring in-house accounting and bookkeeping, others do not. Knowing which category your business fits in is critical to deciding whether or not to hire in-house for accounting and bookkeeping. .

Accounting 40

Accounting Accounts Payable Invoicing Manufacturing 40

Future CFO

OCTOBER 24, 2021

As a result, only the largest suppliers can access working capital solutions, while trillions of dollars are tied up in accounts receivable each year, the firm pointed out. Mastercard said is integrating its Track Business Payment Service network and its blockchain-based Mastercard Provenance Solution in supply chains across industries.

Finance 52

Finance Accounts Payable Reconciliations Accounting 52

PYMNTS

DECEMBER 29, 2020

With the pandemic forcing accounts payable (AP) and accounts receivable (AR) departments to hit the gas on their digitization roadmaps, finance leaders are grappling with an accelerated pace of change that can, at times, be overwhelming. “We They have to collect payments and can’t do so efficiently by going into the office.”.

B2B 82

B2B Accounts Payable Invoicing Reconciliations 82

CFO Talks

MARCH 20, 2024

Think of a Controller as the head of getting day-to-day money matters right, like making sure every penny is accounted for and reports are spot-on. Accounting Responsibilities: Both the CFO and Controller collaborate on overseeing the annual audit, ensuring thoroughness and compliance. The CFO, however, looks at the bigger picture.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

PYMNTS

JANUARY 28, 2021

This week's look at the convergence between accounts receivable (AR) and accounts payable (AP) finds this tactic expanding in the corporate card arena, while another FinTech aims to boost cross-border payment traceability for both payer and payee. iBanFirst Boosts Payment Visibility For Buyers, Suppliers.

Accounts Payable 61

Accounts Payable Reconciliations B2B Accounting 61

PYMNTS

JUNE 9, 2020

With accounts payable (AP) departments no longer able to step into their offices to print, sign and send checks, supplier payments quickly moved to the center of companies’ modernization discussions. Preserving The Bank Relationship. Finding The Right Fit. At the heart of the factors to consider is data.

Accounts Payable 53

Accounts Payable Reconciliations CFO Accounting 53

PYMNTS

SEPTEMBER 23, 2019

While FinTechs are offering a greater variety of solutions to business users than ever before, corporate finance chiefs and treasurers still turn to their banks first to improve their B2B payments strategies. Banks’ ability to be empowered through data can occur in other ways beyond API integrations, though.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

OCTOBER 20, 2020

Stampli , which works in accounts payable automation, has debuted a new feature called Stampli Direct Pay which a press release says will let companies pay invoices with ACH or from their own bank accounts. The release goes on to list some of the factors making Stampli Direct Pay different from other such services.

Accounts Payable 57

Accounts Payable Invoicing Reconciliations Communication 57

PYMNTS

JUNE 11, 2020

While optimizing back-office functions like accounts payable and accounts receivable can support enhanced cash-flow management, B2B partnership collaboration is also critical to supporting the financial health of an organization. Xero, Transferwise Team For SMB Cash Flow. HighRadius Connects AR-AP For Mid-Market. ”

B2B 52

B2B Accounts Payable Cash Flow Forecasting Reconciliations 52

PYMNTS

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. The uptick in fraud, such as the Business Email Compromise, has continued to target areas like bank transactions, despite firms’ increased spending on anti-fraud measures, the survey found. About The Tracker.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

PYMNTS

JUNE 16, 2020

In the June 2020 edition of The Gig Economy Tracker® done in collaboration with Tipalti , we find these traits, among others, defining innovation in accounts payable (AP) software. Businesses must establish touchless interactions with suppliers and banks. Manual Reconciliation, Begone.

Reconciliations 67

Reconciliations Invoicing Accounts Payable Auditing 67

PYMNTS

JULY 22, 2019

For all their drawbacks, why do paper checks persist in accounts payable? PYMNTS recently surveyed accounts payable (AP) executives’ satisfaction rates with their payment technologies for the latest Payables Friction Playbook and found something surprising. They’re slow. They’re cumbersome and expensive.

Accounts Payable 57

Accounts Payable Reconciliations B2B Accounting 57

The Charity CFO

APRIL 29, 2022

A financial statement audit is a thorough review of your financial statements to determine if your financial statements present fairly, in all material respects, in accordance with generally accepted accounting principles. Do your bank account and/or loan balances look accurate?

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

PYMNTS

OCTOBER 27, 2016

Bank’s latest offering for corporate treasurers aims to simplify the shift from manual to virtual B2B payments. The bank announced Wednesday (Oct. 26) its latest tool, APConnector, as a way to automate and digitize accounts payable, while integrating that process into existing ERP systems. Bank, reports said.

Accounts Payable 62

Accounts Payable Reconciliations Treasury B2B 62

PYMNTS

NOVEMBER 11, 2020

Back office modernization is in the spotlight like never before, and solutions that streamline accounts payable (AP) and accounts receivable (AR) functions are in high demand. Capital Management Leans Into Digital.

Accounts Payable 87

Accounts Payable Invoicing Treasury Reconciliations 87

PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. ” Banks’ Collaborative Opportunity. ”

Accounts Payable 114

Accounts Payable Invoicing Reconciliations B2B 114

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

FEBRUARY 1, 2021

It’s not that automating invoice generation, banishing checks, automating the cash application process and systematically removing all the manual touches from accounts payable (AP) and accounts receivable (AR) workflows weren’t unknown concepts among chief financial officers (CFOs) and treasury departments at the time.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

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. . And that’s a problem.

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

PYMNTS

JULY 21, 2020

With accounts payable (AP) solutions increasingly paying attention to supplier needs, commercial card technologies have expanded their focus on both the AP and accounts receivable (AR) side of B2B transactions. SAP ERP Integrates With ezyCollect.

SAP 70

SAP Accounts Payable B2B Reconciliations 70

PYMNTS

DECEMBER 24, 2020

For years — decades, even — B2B payment leaders and innovators had been talking about the digitization of corporate payments within accounts receivable (AR) and accounts payable (AP) departments. But for many organizations, this trend had been more talk than action.

B2B 113

B2B Accounts Payable CFO Reconciliations 113

PYMNTS

DECEMBER 28, 2020

And as FinTechs continue to challenge banks, but also offer new opportunities within the B2B space, they’re advancing a corollary to the build vs. buy question: How about partnerships? Banks have been creating their own IT scripts and technology stacks for decades. Where The Banks Are Focused . Cost is only one consideration.

B2B 86

B2B Accounts Payable Treasury Reconciliations 86

PYMNTS

AUGUST 11, 2020

From a lack of supplier acceptance of electronic payments to outdated infrastructure within accounts payable (AP) departments, the B2B payments ecosystem still has much room for improvement on multiple fronts. “You can’t just take an accounts payable view of things,” said Phalen. ”

B2B 110

B2B Accounts Payable Reconciliations Healthcare 110

PYMNTS

JULY 23, 2020

GEP , which works in procurement and supply chain strategy, has launched its new accounts payable (AP) solution, which will help automate AP services through cloud technology, artificial intelligence (AI) and machine learning (ML), according to a press release.

Accounts Payable 56

Accounts Payable Invoicing Reconciliations B2B 56

PYMNTS

DECEMBER 5, 2019

After all, money exits a company through more than one avenue, whether it be via the accounts payable department or a firm’s own employees. Where Banks Fit In Problem-Solving. Understanding businesses’ biggest payment pain points requires a wide line of sight.

Accounts Payable 52

Accounts Payable B2B Problem Solving Nonprofit 52

PYMNTS

OCTOBER 22, 2020

Billtrust CEO and Founder Flint Lane highlighted three shifts in particular that are igniting major change in the industry: first, the accelerated digitization of accounts receivable (AR) and accounts payable (AP).

B2B 89

B2B Education Reconciliations Accounts Payable 89

CFO Talks

JANUARY 30, 2023

Increased automation of financial processes such as accounts payable, bank reconciliations, financial closes and reporting is freeing up the CFO’s time, enabling them to focus their energies on analysis and storytelling rather than crunching numbers.

Finance 52

Finance CFO Accounts Payable Forecasting 52

PYMNTS

NOVEMBER 19, 2019

Commercial payments company WEX has announced a partnership with order-to-cash solution provider Billtrust in an effort to address accounts payable (AP) friction for its clients. “We’re pleased to partner with Billtrust to solve for the ‘last mile’ of automated settlement and reconciliation.

Accounts Payable 51

Accounts Payable B2B Reconciliations Accounting 51

PYMNTS

NOVEMBER 3, 2016

With data analytics now a paramount process of cash flow management, developers are tasked with making their most innovative B2B payments and finance technologies seamlessly integrate with ERP and accounting platforms. Bank hopes its APConnector will promote the migration to digital payments among its corporate clients. . ” U.S.

Accounts Payable 73

Accounts Payable Reconciliations B2B Accounting 73

PYMNTS

DECEMBER 15, 2020

Because consumer transactions continue to rely on cash, the accounts receivable (AR) and accounts payable (AP) processes within the supply chain can be fragmented. The B2B transaction itself continues to face significant friction, thanks to the legal complexities at the state and federal level.

B2B 111

B2B Accounts Payable Startups Invoicing 111

PYMNTS

AUGUST 9, 2017

In an effort to help corporate buyers get on board with electronic payments in their accounts payable departments, B2B payments company WEX is launching a new platform to support the shift. 8) that it is rolling out an Integrated Payables application, a cloud-based, bank-agnostic tool that supports electronic payments in AP.

Accounts Payable 43

Accounts Payable B2B Reconciliations Accounting 43

PYMNTS

OCTOBER 17, 2017

17), Visa said it is tackling that issue through a new partnership with accounts receivable (AR) and cash management company Billtrust. Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

DECEMBER 2, 2020

Mark Aquilina , senior vice president of product and strategy at WEX , told PYMNTS that’s partly because digitization of accounts receivable (AR) lags behind that of accounts payable (AP) on the technological front.

B2B 79

B2B Invoicing Accounts Payable Reconciliations 79