PYMNTS

NOVEMBER 15, 2018

A new report from Software-as-a-Service (SaaS) firm Inspyrus suggested that chief executive officers and accounts payable (AP) professionals aren’t seeing eye to eye on AP technology, and organizations are failing to upgrade their AP processes and tools as a result.

Accounts Payable 63

Accounts Payable Accounting Invoicing Finance 63

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. So you can understand what’s happening in your business and communicate effectively with your board members, donors, and financial team. with this overview of nonprofit accounting basics. . It’s a necessity.

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on their core responsibilities. What is the actual goal in a nonprofit accounting setup?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

CFO Simplified

JULY 24, 2022

How Does a Fractional CFO Work with a Remote Accounting Team? But even with all of those changes, the accounting function has remained essentially the same. So, in a remote environment, which we’re all used to by now, how does a fractional CFO work with a remote accounting team? Managing a Remote Accounting Team.

Accounting 96

Accounting CFO Invoicing Manufacturing 96

CFO Simplified

DECEMBER 12, 2021

The terms “finance” and “accounting” are often used interchangeably. There are, however, very real differences between finance and accounting. While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category.

Accounting 52

Accounting Finance Cash Flow Forecasting CFO 52

Future CFO

JULY 16, 2021

Customer service doesn’t stop when companies are dealing with outstanding customer accounts. Whether escalating outstanding accounts to third-party collections agencies or managing receivables in-house, AR teams must emphasise customer experience throughout the entire collections process. appeared first on FutureCFO.

Accounting 52

Accounting Accounts Payable Communication Invoicing 52

Future CFO

JULY 21, 2021

The way we use technology has completely streamlined the way we live, communicate, and do business across the globe. This touches on both accounts receivables and accounts payables of their business cycle. Case in point: accounts receivables (AR) and accounts payables (AP) from the perspective of cash management.

Accounts Payable 95

Accounts Payable Finance Communication Accounting 95

CFO Share

SEPTEMBER 23, 2023

Overcomplicating the General Ledger and Chart of Accounts. Relying on admin email for financial communications. The Perils of Overcomplicating Your General Ledger Mistake: Creating a general ledger (GL) account for nearly every type of expense. GL accounts are easy to create but difficult to get rid of.

General Ledger (GL) 52

General Ledger (GL) General Ledger Accounts Payable Communication 52

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. The competition is undoubtedly heating up. “To combine those two might be the best way to go,” he said.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

Future CFO

MARCH 16, 2022

Hexamatics Servcomm , an HR and business process service provider headquartered in Malaysia, decided at the onset of the current pandemic to automate its operational account and control (OAC) function, which has been crucial in reducing daily operation time by 50% to 60%. For each process, we create an SOP.

Finance 98

Finance Accounts Payable Invoicing Compliance 98

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. Communicate: Keep talking to your team, especially the Controller, to ensure you’re all aiming for the same goals. The CFO, however, looks at the bigger picture.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

PYMNTS

JUNE 15, 2017

Cloud company Vlocity and invoicing company Globys are teaming up to target the communications industry and provide its members with a streamlined procurement solution. Globys specializes in invoice-to-cash solutions for B2B suppliers in the subscription economy, the company explained in the Wednesday (June 14) announcement.

Accounting 42

Accounting Accounts Payable Invoicing Communication 42

PYMNTS

FEBRUARY 6, 2019

This shift has been so acute that small business cloud accounting firm Xero is even petitioning the Oxford English Dictionary to change the definition of “accountant” to one that includes the word “advise.” Changing Demand. That demand for human talent, by the way, hasn’t decreased.

Corporate Finance 74

Corporate Finance Accounting Finance Accounts Payable 74

PYMNTS

SEPTEMBER 20, 2018

Invoices submitted for financing by freight factoring firms account for more than one third of all invoices processed for funding, the IFA said. It’s another example of trucking and logistics regulation affecting accounts receivable and payable operations in the sector.

Accounting 63

Accounting Invoicing Accounts Payable Transportation 63

https://trustedcfosolutions.com/feed/

DECEMBER 21, 2021

Sage Intacct has freed me up to look holistically at the business rather than just focusing on getting accounting tasks done.” –Kim In addition, Sage Intacct received improved ratings in purchasing and accounts payable, usability, and geographic coverage. Kim Wegener, Director of Finance, Powell’s Books.

CFO 73

CFO Accounts Payable Communication Finance 73

CFO Share

APRIL 11, 2024

Counter-intuitively, an outsourced bookkeeping service reduces the risk of fraud by adding more oversight and best-practices to your accounting processes. Beyond security, there are other reasons “do it yourself accounting” hurts your business. The entry-point for hackers – your vendor’s email accounts – are beyond your control.

Securities 52

Securities CFO Education Auditing 52

PYMNTS

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. Firms looking to strengthen their interactions with customers and vendors by adopting comprehensive, automated AP and ERP solutions are increasingly turning to cloud-based products in lieu of on-premises systems.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

PYMNTS

NOVEMBER 16, 2018

By its very nature, accounts payable (AP) is a cost center: It’s where money leaves the enterprise, after all. At the highest levels, accounts payable has the opportunity to even add money to businesses, too. “It’s about having a strong business case internally.”

Accounts Payable 63

Accounts Payable Invoicing Accounting Corporate Finance 63

PYMNTS

OCTOBER 9, 2019

The convergence of accounts payable and accounts receivable has led many in the AP automation industry to begin turning their attention to the supplier. A new report from Barclays suggests that this focus on the vendor wouldn’t only be beneficial to the accounts payable service providers vying for their solutions gain traction.

Accounts Payable 51

Accounts Payable Banking B2B Invoicing 51

The Finance Weekly

DECEMBER 22, 2022

In 2023, organizations may focus on investing in technology that addresses specific pain points and offers a clear return on investment, such as spend management or accounts payable, rather than broader, more comprehensive investments like enterprise resource planning platforms, according to Born. “I

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Accounts Payable Prioritization 98

PYMNTS

APRIL 22, 2020

With more B2B payment technology providers turning their attention to the electronic invoice, the document has become a keystone that connects accounts payable (AP) and accounts receivable (AR) portals. For accounts receivable, when the link is right there to pay the invoice, nothing falls through the cracks,” he said.

Accounts Payable 56

Accounts Payable Invoicing B2B Currencies 56

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. That, according to the release, has the effect of avoiding credit card processing fees laid at the feet of the vendors.

Accounts Payable 57

Accounts Payable Invoicing Reconciliations Communication 57

The Charity CFO

JUNE 7, 2023

Stakeholder Communication : Serves as a transparent communication tool for stakeholders, including donors, board members, and grant-making organizations. accounts payable, loans). The Charity CFO specializes in nonprofit accounting and bookkeeping. cash, investments, receivables) and liabilities (e.g.,

Nonprofit 52

Nonprofit Accounts Payable Budgeting Strategic Planning 52

PYMNTS

JANUARY 29, 2020

Commercial cards continue to explore more use cases to optimize spend for businesses, from accounts payable (AP) to employee travel and expense management. “It comes down to communication, and identifying those opportunities to work together and implement the technology that’ll benefit both sides,” said Kruis.

Accounts Payable 56

Accounts Payable B2B Planning Budgeting 56

PYMNTS

APRIL 14, 2020

These takeaways include increasing communication with clients, such as by expanding call center hours and providing more intensive support over the phone. One cleaning supply distributor said it is drawing on lessons learned during previous public health crises, including the 2009 H1N1 and 2016 Zika outbreaks.

Accounts Payable 119

Accounts Payable B2B Transportation Manufacturing 119

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. Deferrals, on the other hand, involve postponing the recognition of revenues or expenses to future accounting periods.

Financial Planning and Analysis (FP&A) 52

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

Future CFO

AUGUST 13, 2023

This will help set clear expectations, roles and responsibilities, and accountability for all parties involved. They can also help to bridge the knowledge and communication gaps between functional stakeholders and technology partners which is crucial to the quality of project execution and delivery from start to end.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Budgeting Accounts Payable 98

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

The Charity CFO

MARCH 27, 2024

QuickBooks is a popular accounting software used by businesses and individuals nationwide. And you might be wondering if you can use QuickBooks for your nonprofit accounting. For-profit businesses often don’t have to follow the strict accounting rules of an exempt organization. Nonprofits also need to record expense receipts.

Nonprofit 40

Nonprofit Accounts Payable Compliance Invoicing 40

Michigan CFO

JUNE 7, 2023

Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. Virtual CFOs leverage cloud-based accounting systems, collaborative tools, and remote communication to provide financial services to businesses on a part-time or “fractional” basis.

CFO 52

CFO Problem Solving Budgeting Communication 52

Future CFO

AUGUST 18, 2023

In the finance function, basic accounting processes like accounts payable, payroll and purchasing are often allocated under the shared services model. This allows the organisation’s core finance and accounting (F&A) operations to concentrate on more strategic work, such as financial analysis and planning.

Finance 52

Finance Communication Accounts Payable Invoicing 52

PYMNTS

JANUARY 13, 2021

This is critical in areas like accounts payable and accounts receivable, in which paper-based purchase orders and invoices can not only demand significant amounts of time to process, but can also be quite expensive, according to Sundelin.

Invoicing 56

Invoicing Accounts Payable B2B Communication 56

PYMNTS

NOVEMBER 9, 2020

The following Deep Dive examines the payment and procurement obstacles facing construction firms during the ongoing pandemic and which digital accounts payable (AP) technologies could be applied to jump those hurdles. Solving these issues is essential for businesses looking to move toward financial recovery.

Construction 91

Construction Accounts Payable B2B Invoicing 91

The Finance Weekly

MARCH 13, 2022

It combines accounts payable automation, software-enabled corporate cards, and employee expense reimbursements. Airbase applies consistent approval workflows across all areas, automates accounting, and provides real-time reporting for all non-payroll spend.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Investments CFO Accounts Payable 52

PYMNTS

APRIL 14, 2020

Legacy accounts receivable (AR) and accounts payable (AP) operations aren’t only inefficient, they’re costly. Supply chain payments firm Tradeshift is embracing the buyer-supplier relationship with its new Tradeshift Engage solution, a platform that enables buyers and suppliers to collaborate and communicate.

Accounts Payable 78

Accounts Payable B2B Invoicing Communication 78

The Charity CFO

MAY 18, 2022

But when public funds are at risk (in the form of donations and grants ) an accountability system must be employed to ensure funds are used appropriately. The board of directors is the core element of this accountability system. Don't hire the wrong accountant for your nonprofit! Check it out for free: [link].

Nonprofit 105

Nonprofit Auditing Compliance Budgeting 105

PYMNTS

JULY 25, 2019

For all the various ways businesses onboard new suppliers, the accounts payable (AP) professionals running the show seem to agree that performing them digitally makes it easier to receive, approve and pay supplier invoices. percent do this) and whether a new supplier is restricted by international sanctions (26.7 Meanwhile, 26.3

Accounts Payable 47

Accounts Payable Invoicing Communication Leverage 47