Future CFO

JULY 16, 2020

Every year about 550 billion invoices are generated and processed, mostly manually, and the cost to business is staggering. Factoids : A poll of 1,485 organizations on the total cost of accounts payables (AP) found participants paying between $2.07 and $10 per invoice. Bottomline – processing invoices costs money.

Invoicing 40

Invoicing Accounts Payable Accounting Cash Management 40

PYMNTS

JULY 21, 2017

Small business accounting and cash management took home the gold this week, with two startups raising a collective $93 million in funding. SME Accounting. FreshBooks CEO Mike McDerment spoke with PYMNTS to announce the $43 million in new venture capital for his SME accounting company. Expense Management.

Cash Management 40

Cash Management Startups Invoicing Accounts Payable 40

CFO Simplified

SEPTEMBER 16, 2022

This is called your business’ cash flow. . And, if you have a savings account that you put money into regularly for retirement or vacation plans, you’re practicing accrual accounting at home. Here’s a simple, six-step process to manage cash flow in your business. You don’t get invoices for all your bills.

Accounts Payable 52

Accounts Payable Prioritization CFO Invoicing 52

https://trustedcfosolutions.com/feed/

JANUARY 31, 2023

Eighty-two percent of those that fail do so because of insufficient funds and cash flow problems. Formal Cash Management Procedures Getting the right balance of cash isn’t always easy. Review your cash flow statements early and often — make this a regular basis. Automate your accounts payable processes.

Cash Flow Forecasting 57

Cash Flow Forecasting Forecasting Accounts Payable Cash Management 57

PYMNTS

FEBRUARY 1, 2021

If at that time, someone would have asked Citi Managing Director and Global Head of Domestic Payments and Receivables Anupam Sinha how long it would take for corporate treasury organizations to fully embrace digital , he said his answer would likely have been something along the lines of, “Don’t hold your breath.”. he explained.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

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. That information is then easy to process for generating insights and informing cash management decisions. .

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

PYMNTS

JANUARY 8, 2021

Automation’s long march to the present day finds automation grinding out new solutions to cash management issues during a topsy-turvy economic time. Cash Management Moving in Virtual Directions. Delayed payments are causing frustration among businesses during the pandemic,” per the Playbook.

B2B 61

B2B Accounts Payable Invoicing Cash Management 61

PYMNTS

JULY 10, 2019

Lisa Lansdowne-Higgins, vice president of business deposits and treasury solutions at the Royal Bank of Canada (RBC), recently told PYMNTS that these three disruptors have a significant opportunity to shake up accounts payable processes thanks to the impact they have on data. Open Banking.

B2B 62

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

PYMNTS

DECEMBER 30, 2020

The shift toward contextual banking has a tailwind in place as the financial institutions (FIs) that have been market leaders have been seeing strong deposit growth — and as corporate customers are growing those balances, they want to be able to see their account activity and cash balances visible within the same application on demand.

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

CFO Simplified

AUGUST 18, 2022

The cash gap, also known as the “Cash Conversion Cycle” (CCC), measures the time between when you need to write a check for your payables or payroll and when you receive payment of the invoices for the items you’ve sold. Days’ Receivables = Accounts Receivable / (Annual Sales / 365). Days’ Payables.

Accounts Payable 105

Accounts Payable Invoicing Accounting Sales 105

PYMNTS

NOVEMBER 9, 2020

Accounts payable (AP), accounts receivable (AR) and other capital management workflows are also not immune to pandemic-related struggles. We saw what were traditionally transactional processes, like accounts receivable [and] accounts payable, become strategic imperatives,” she explained.

Accounts Payable 52

Accounts Payable Forecasting Invoicing Leverage 52

PYMNTS

MARCH 27, 2019

Accounts payable (AP) automation company Tipalti is expanding its reach into the market by partnering with three new B2B companies, which will extend Tipalti’s solutions to their own customers. The enhanced integration aims to strengthen control and communication for both ends of the transaction.

B2B 46

B2B Accounts Payable Reconciliations Cash Management 46

PYMNTS

JUNE 22, 2016

In B2B payments, accounts payable automation is a hot topic, as are the challenges AP professionals face when it comes to paying suppliers and managing the data from those transactions. But as Corcentric and IOFM revealed, the accounts receivable department may not have total control over its ability to get automated.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

PYMNTS

JULY 2, 2020

Often at the center of this initiative is the accounts payable (AP) department — and unsurprisingly for these volatile times, the strategy can turn toward lengthening the days payable outstanding (DPO). “On the buyer side, utilizing cards and shifting away from checks, wire and ACH provides a new credit instrument.”

Economics 104

Economics Accounts Payable B2B Reconciliations 104

PYMNTS

JULY 16, 2019

Billie, a Germany-based startup offering invoicing and financing solutions for small businesses and corporates, announced about $33.6 Billie operates a platform upon which companies can send invoices to their corporate customers, collect payments and access invoice financing on unpaid bills.

Finance 40

Finance Invoicing B2B Accounts Payable 40

PYMNTS

JANUARY 16, 2020

Solution providers in accounts payable (AP) and accounts receivable (AR) are increasingly servicing not only their corporate customers, but their customers’ own business partners with their technologies. At what point in the workflow can I prevent an invoice from going past due in the first place?”.

Accounts Payable 56

Accounts Payable Invoicing Treasury Education 56

PYMNTS

JUNE 21, 2016

The B2B payments space has seen significant growth thanks to developers that often focus either on the accounts receivable or accounts payable side of cash management. A new partnership in the industry, however, brings both AR and AP management together.

Accounts Payable 43

Accounts Payable Invoicing B2B Education 43

PYMNTS

JUNE 21, 2018

The stats indicate key areas in which professionals say they are increasing awareness and use of digital solutions to make accounts payable and accounts receivable processes faster, more streamlined and more secure. More than half noted that invoice and payment automation are also highly prioritized within their organizations.

Accounts Payable 44

Accounts Payable B2B Invoicing Prioritization 44

PYMNTS

FEBRUARY 14, 2017

Mastercard struck a deal to help automate the accounts payable process for businesses in the United Arab Emirates , reports said Sunday (Feb. Together, the companies rolled out a cloud-based invoicing and B2B payment solution aimed at helping business users better manage cash flow. ”

Accounts Payable 40

Accounts Payable B2C B2B Invoicing 40

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. Understanding businesses’ biggest payment pain points requires a wide line of sight.

Accounts Payable 52

Accounts Payable B2B Problem Solving Nonprofit 52

PYMNTS

AUGUST 18, 2017

Israch said that tasks as far ranging as supplier management, invoice processing and regulatory compliance can be managed through Tiaplti’s AP Hub. Tipalti’s vision is to free the finance and payments team from the minutiae and complexity and risk involved in today’s accounts payable and supplier payments workflow,” Israch said.

Accounts Payable 46

Accounts Payable Invoicing Compliance Auditing 46

PYMNTS

MARCH 24, 2016

But instead of going all in on the cloud, many of these firms are looking for a hybrid of sorts to handle operations, especially when it comes to the accounts payable department. But an omnichannel accounts payable department can occur in other ways, too. What we’re seeing is multichannel invoice capture.”.

Accounts Payable 43

Accounts Payable Invoicing Accounting Cash Management 43

PYMNTS

NOVEMBER 16, 2018

RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. Automation Anywhere. Purpose Financial LP led the funding round, reports said.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

JANUARY 14, 2020

This complicated process can involve everything from accounting and invoicing software to bank accounts. For this month’s feature story, Haider explained how a robust API strategy can help banks support smoother, speedier and more convenient payment and cash management experiences for their business clients.

Cash Management 52

Cash Management Invoicing Accounting Leverage 52

PYMNTS

OCTOBER 1, 2020

At a high level, said Disque, the embrace of automated accounts payable (AP) processes has been consistent across verticals. CSI, he noted, has insight into a number of industries, where the payment processing platform (focused on integrated payables) aggregates and accepts payments on behalf of a wide range of businesses.

Accounts Payable 77

Accounts Payable Cash Management Construction Invoicing 77

PYMNTS

APRIL 3, 2020

Accounts payable (AP) automation technology presents an obvious benefit to companies of all sizes and industries to boost efficiency and strategize vendor payments. It’s a valuable function for companies like LockerDome, with a high volume of international suppliers that are considered strategic partners to the business.

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

PYMNTS

JUNE 22, 2020

Enabling employees to work remotely during the COVID-19 pandemic has sent a wake-up call to companies that their old-school accounts payable (AP) practices will not cut it in the new economy. The right choices can keep suppliers satisfied while helping buyers address their own cash management concerns.

Accounts Payable 56

Accounts Payable Invoicing Banking Cash Management 56

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. When it comes to growth of virtual corporate card payments, we have seen and built a lot of momentum on the accounts payable side,” Hall said. “We

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

CFO Share

JULY 8, 2021

You receive numerous calls from vendors about late invoices. You are unable to predict cash balances with accuracy. How to perform 13 week cash flow forecasting. A rolling 13 week cash flow model is updated weekly by your CFO, accounting team, and management in a collaborative session. Reductions in force.

Cash Flow Forecasting 59

Cash Flow Forecasting Forecasting CFO Accounts Payable 59

PYMNTS

DECEMBER 29, 2016

Some B2B payments players have predicted that, on the accounts payable side of the transaction, higher interest rates will lead companies to extend their payment terms and to seek out AP technologies that offer integrated supplier financing solutions to help with that cash flow crunch on the supplier side.

Accounts Payable 49

Accounts Payable B2B Invoicing Corporate Finance 49

CFO Simplified

APRIL 15, 2024

Call your customers, and ask them for early payment on the invoice that’s due next week. Call your suppliers and ask them for a two-week delay in paying that next invoice. Ask your customer for a prepayment or a deposit on their next big order. Hold off on paying EVERYTHING except for your payroll.

Invoicing 40

Invoicing CFO Banking Accounts Payable 40

PYMNTS

DECEMBER 11, 2019

Those pain points expand far beyond the retailer’s walls, too, as these businesses are forced to figure out how to utilize high volumes of cash to make payments to their B2B suppliers. Orders are placed and shipped, and a paper invoice is generated, with retailers using legacy payment strategies to settle those bills.

B2B 52

B2B Invoicing Accounts Payable Compliance 52

PYMNTS

MARCH 25, 2016

The company spoke with PYMNTS this month to discuss the role that digital documentation and processes can play to help businesses improve cash management and spend visibility. We’re offering agile processes to improve cycle times and reduce the cost and reliance on paper invoices, while delivering real-time insights.”.

Accounts Payable 40

Accounts Payable Cash Management Invoicing Accounting 40

PYMNTS

OCTOBER 11, 2016

When Sourcery launched, CEO Na’ama Moran said there was a bit of a chicken-and-egg issue: She wanted the company to become a holistic B2B payments player, but should it begin with accounts receivable or accounts payable? “You know exactly when your money goes out and when it comes out of your account.

B2B 75

B2B Accounts Payable Invoicing Accounting 75

PYMNTS

MAY 5, 2016

Cash management in the accounts payable department goes far beyond paying supplier invoices on time. Today, technology has allowed a plethora of services across this toolset to emerge, all geared towards optimizing cash flow within the corporate procurement and spend arena. Balancing Act.

Accounts Payable 40

Accounts Payable Cash Management Invoicing Finance 40

PYMNTS

NOVEMBER 15, 2019

Traditionally, the cost and administrative burden of card acceptance has kept the tool from gaining traction in accounts payable. But shifting priorities among buyers and suppliers have elevated the opportunity for cards to meet changing cash management needs. Bending the Card Rails.

B2B 53

B2B Accounts Payable Cash Management Reconciliations 53

PYMNTS

APRIL 12, 2016

Making sure the books add up properly is key to keeping their legal nonprofit status, and that means cash management is paramount. By designating a purchase amount and category, an accounts payable professional can safeguard against fraud or use of a virtual card for an unauthorized purchase. Not-For-Profit.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40