PYMNTS

FEBRUARY 14, 2019

Cloud-based accounts payable solution provider Esker is teaming up with document services unit Fuji Xerox to deploy accounts payable solutions across the Asia Pacific region, the companies announced on Wednesday (Feb. Moving forward the firms will expand the offering to Australia, Hong Kong and Singapore.

Accounts Payable 43

Accounts Payable Accounting Invoicing Construction 43

PYMNTS

FEBRUARY 6, 2018

Most companies today have at least some kind of automation in place within the accounts payable (AP) department. Even when invoices flow in as paper documents, organizations are using electronic solutions or optical character recognition (OCR) tools to process those bills for payment. Technology for Technology’s Sake.

Accounts Payable 40

Accounts Payable Accounting Invoicing Analyzing Data 40

Boston Startup CFO

APRIL 3, 2023

Financial accounting: A topic that can easily disorient even the most driven entrepreneurs. As a trailblazer exploring unknown territories, you must equip yourself with the appropriate knowledge and tools to make educated decisions that guide your enterprise towards success.

Accounting 52

Accounting Accounting Principles GAAP Compliance 52

CFO Share

MAY 10, 2024

These strengths include: Intimate transactional knowledge : Bookkeepers are excellent at tracking the inflow and outflow of cash through invoices, bills, payroll, and debt service. Start by ensuring your bookkeeper has accurately coded all bills, invoices, and transactions up to the forecast date.

Forecasting 52

Forecasting Cash Flow Forecasting Invoicing Accounts Payable 52

PYMNTS

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. That volume meant that the firm struggled with time-consuming invoicing and a lack of transparency under legacy operations, requiring 20 to 30 employees to manually input data into its corporate system.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

CFO Simplified

JUNE 23, 2022

It’s not unusual in a small company for the accounting manager to become the controller and then become the CFO. But without the requisite education, mindset, and experience, just having more years on the job doesn’t prepare the person for that role. Reconciles the bank accounts. Codes and processes Accounts Payable invoices.

CFO 96

CFO Cash Flow Forecasting Accounts Payable Forecasting 96

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

PYMNTS

DECEMBER 15, 2017

Complex on so many levels, especially when it comes to payments and, more specifically, invoicing, where demands for payment are tracked through paper and electronic means. Flywire, for its part, has helped smooth the process in the education space by facilitating receipt of international payments from students and institutions.

Invoicing 48

Invoicing Reconciliations Currencies Foreign Exchange 48

PYMNTS

JANUARY 28, 2020

Many accounts payable (AP) professionals turning to electronic payments to streamline their companies’ payment processes — specifically, how they pay invoices from suppliers — are putting virtual cards at the top of their lists, and for good reason. Across The Next-Gen AP Automation Space.

Accounts Payable 57

Accounts Payable Banking Invoicing B2B 57

PYMNTS

OCTOBER 8, 2019

Accounts payable (AP) departments all too often employ inefficient processes that slow down workflows, and delay supplier payments. These tools enable companies to automatically scan and digitize invoice data, removing the likelihood of mistakes during the manual data-entry process. Find the story in the Tracker.

Accounts Payable 54

Accounts Payable Banking Invoicing Education 54

PYMNTS

OCTOBER 4, 2019

As part of that awareness, companies across all industries are realizing the strategic value of accounts payable (AP) automation and developing an understanding of emerging technology like artificial intelligence (AI) that plays a critical role in AP automation solutions. Another use case involves invoice ingestion.

Technology 56

Technology Accounts Payable Invoicing Education 56

PYMNTS

FEBRUARY 25, 2020

Businesses looking to adopt cloud-based ERP solutions can run into a number of logistical, organizational and even social hurdles that can slow or even halt such systems’ successful integration into companies’ broader accounts payable (AP) operations. Using Data to Optimize Operations.

Accounts Payable 61

Accounts Payable Invoicing Education Finance 61

Future CFO

APRIL 22, 2024

According to a guidebook by software company Esker , after years of continuous change, adapting a more human-centric accounts payable approach is now a prerequisite for keeping a business competitive. Cheah also takes note of the impact of e-invoicing and fintechs, which push digital transformation to the forefront. “It

Finance 98

Finance Budgeting Accounts Payable Concentration 98

CFO Simplified

DECEMBER 26, 2021

It’s easy to grow without noticing that your finance and accounting department is stretched far too thin. From overworked staff accountants to controllers running month-end closes, a poorly structured finance, and accounting department can put strains on your business’ growth. Roles and Responsibilities. Company Size.

Finance 52

Finance General Ledger CFO Auditing 52

PYMNTS

APRIL 4, 2016

Basware announced on Friday (April 1) — April Fools’ Day — a campaign that sends out fraudulent invoices to highlight the ease with which cybercriminals can convince a business to pay an illegitimate bill. Duplicate invoices, too, are becoming a problem, with millions worth of funds paying bills that had already been paid.

Invoicing 40

Invoicing Accounts Payable B2B Education 40

PYMNTS

JULY 16, 2018

Accounts payable (AP) automation offers lofty promises to the enterprise: nix paper, save money, cut out inefficiencies and provide more time for executives to focus on strategic tasks. “I’ve watched companies transform accounts payable from a cost center to a profit center,” he said.

Accounts Payable 41

Accounts Payable Invoicing Education Accounting 41

PYMNTS

AUGUST 21, 2019

The drive to eliminate paper in the accounts payable process, to cut the steps that lead to inefficiencies, continues to get a boost from technology. As he told PYMNTS, those steps include manual sorting of invoices, sales orders and supporting documents – and, more importantly, the manual entry of data from these documents.

Accounts Payable 46

Accounts Payable Invoicing Financial Systems Compliance 46

PYMNTS

AUGUST 22, 2019

To help deter fraud, AvidXchange Chief Information Security Officer and SVP of Technology Operations Christina Quaine told PYMNTS in an interview that “education with our customer base” is key – as is education for its employees. If it smells fishy, she noted, it probably is.

Accounts Payable 57

Accounts Payable Education Securities Invoicing 57

PYMNTS

JANUARY 30, 2020

Virtual cards can improve accounts payable (AP) processes, benefiting both buyers and suppliers by streamlining day-to-day payments, and providing greater control over cash flows. The cards are also linked to checking or other payment accounts, and expire at designated times. PYMNTS reported that 46.4

B2B 71

B2B Invoicing Accounts Payable Reconciliations 71

PYMNTS

APRIL 30, 2019

These cases include individuals and family offices with business-sized needs, with business-sized challenges in accounts payable, expense management and payroll. ” In the area of bill payments, for instance, these individuals can quickly become overwhelmed by the volume of invoices they have to pay. .

Corporate Finance 61

Corporate Finance Accounts Payable Finance Invoicing 61

PYMNTS

AUGUST 24, 2017

According to new data from business management consulting firm PayStream Advisors, dynamic discounting, which allows corporate buyers to receive a discount on their invoices based on how early they pay, is taking off in the accounts payable (AP) realm.

Accounts Payable 40

Accounts Payable Invoicing Management Consulting Leverage 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. There’s a lack of education on what to do,” said CollBox Co-Founder and Vice President of Business Development Matt Darner. “At

Accounts Payable 56

Accounts Payable Invoicing Treasury Education 56

PYMNTS

DECEMBER 28, 2020

Tally Solutions Managing Director Tejas Goenka said the new service would help as India begins to force companies to adopt electronic invoicing (eInvoicing) in the next few months. In the new service, Tally will communicate with the Invoice Registration Portal (IRP) in order to send invoices in real time.

Invoicing 80

Invoicing B2B Education Communication 80

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. The firm provides payment and invoice approval mechanisms that can be customized for users’ specific needs in spend management.

Accounts Payable 43

Accounts Payable Invoicing B2B Education 43

Future CFO

JULY 15, 2021

Scholastic, one of the world’s largest publisher and distributor of children’s books and educational materials with $1.6 Looking to centralise accounting and achieve global efficiency, the company set up a Shared Services Centre (SSC) in Kuala Lumpur, Malaysia. billion in annual revenue. DOWNLOAD NOW.

Education 52

Education Invoicing Accounting Sales 52

PYMNTS

DECEMBER 30, 2019

Businesses may believe they need to spend money to make money, but many are spending more than necessary to keep their accounts payable (AP) departments running. percent of AP professionals would like to implement electronic invoice solutions, 35.8 Paper checks remain the primary method through which U.S.

Accounts Payable 52

Accounts Payable B2B Accounting Education 52

PYMNTS

DECEMBER 5, 2019

The latest evolution of commercial card technology, however, aims to position cards as a digital tool for accounts payable teams to make supplier payments. Undoubtedly, the biggest hurdle in commercial card adoption in accounts payable is vendors’ reluctance to accept the interchange fee associated with receiving payments.

Accounts Payable 53

Accounts Payable B2B Reconciliations Accounting 53

PYMNTS

APRIL 10, 2020

COVID-19 Stimulus Money Could Show Up In Consumer Bank Accounts Today. The best cure to keep the criminals at bay is inoculation by education , Hodges and Edwards agreed, as the best way to guard the weakest link is to bolster it significantly. . More than 85,000 people sought $22.2 billion in loans at BoA per news at the time.

Healthcare 86

Healthcare Accounts Payable Invoicing Nonprofit 86

PYMNTS

AUGUST 14, 2019

Outside vendors expect their contracts to be signed much quicker, and their invoices to be paid much quicker.”. If a company generates a paper purchase order or receives a paper invoice, Kavas noted that in the very least, businesses must create a digital record of that information. They cannot scale anymore by hiring more people.

Invoicing 45

Invoicing Accounts Payable Education Compliance 45

PYMNTS

OCTOBER 14, 2020

That’s translated into a fundamental shift in workflows, spanning everything from procurement to invoice approvals to payments that need to be made. Accounts payable and receivable used to be concrete, separate operations. Looking at Working Capital – and Security. “A Looking Ahead .

B2B 97

B2B Accounts Payable Reconciliations Economics 97

PYMNTS

JANUARY 29, 2020

These cards’ account numbers correspond with certain vendors, and have predetermined spending limits, enabling accounts payable (AP) professionals to better manage expenses, control cash flow and fight fraud. Bank, which must educate clients and suppliers on the advantages offered by such technology. .

Banking 52

Banking Accounts Payable B2B Prioritization 52

PYMNTS

MAY 8, 2017

Electronic invoicing company Tungsten has teamed up with the Institute of Finance and Management (IOFM) to help educate its business customers on how to streamline supply chain management.

Accounts Payable 40

Accounts Payable Education Invoicing Finance 40

PYMNTS

JUNE 21, 2019

According to reports, the Wyatt Company’s accounts payable (AP) department received a call from one of its service providers, Associates Relocation Management (ARM), which alerted Wyatt of an unpaid bill. The AP department, however, had a record of paying ARM. Phillips, Jr. ” Australia’s SMB Scam Surge.

Accounts Payable 43

Accounts Payable CFO Accounting B2B 43

PYMNTS

JANUARY 16, 2020

It’s all in the name of siphoning company cash from accounts payable operations, and experts say the threat will continue to increase. Human psychology is a key component of this tactic: Sadler pointed to one example of a fraudster impersonating a CEO and requesting immediate payment into a seemingly legitimate account.

Securities 44

Securities Accounts Payable Education B2B 44

PYMNTS

APRIL 12, 2016

Not only do they add an enhanced level of security and fraud protection to the accounts payable process, they also simplify processes and provide a mechanism for generating new forms of revenue to support the nonprofit mission.”. Speaking of the AP professional, that’s the third benefit: streamlined accounts payable processes.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

DECEMBER 4, 2017

And the technology finally exists to make that happen; it simply takes some education to build awareness. He likened his firm to a bridge between the accounts payable and receivable worlds as it relates to credit card usage and acceptance. Consider the $5 million payment representing 5,000 invoices. PARS for a New Course.

B2B 40

B2B Invoicing Reconciliations Accounts Payable 40

PYMNTS

FEBRUARY 14, 2018

Mastercard is, in effect, using the Boost Payment Solutions gateway to make funds and related data flow more seamlessly between the accounts payable (AP) and accounts receivable (AR) sides of the buyer/supplier equation. It also takes partnership among all the players,” said Leavitt. “It

B2B 40

B2B Marketing Accounts Payable Education 40