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

OCTOBER 8, 2019

Accounts payable (AP) departments all too often employ inefficient processes that slow down workflows, and delay supplier payments. Additional services match purchase orders (POs) with invoice numbers, and automate other processes important to accelerating approval procedures. Find the story in the Tracker. About The Tracker.

Accounts Payable 54

Accounts Payable Banking Invoicing Education 54

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. So, educating them on the risks of not having [staff] on payroll is very eye-opening for these clients.”

Corporate Finance 61

Corporate Finance Accounts Payable Finance Invoicing 61

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. Implementing such solutions is not always easy, however.

Accounts Payable 61

Accounts Payable Invoicing Education Finance 61

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

JANUARY 30, 2020

These 16-digit credit card numbers are created for one-time purchases at set amounts, and the convenience, security and speed they provide are allowing them to take hold in the B2B payments space. The cards are also linked to checking or other payment accounts, and expire at designated times. Streamlining The AP Purchasing Process.

B2B 71

B2B Invoicing Accounts Payable Reconciliations 71

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. offering payments to business services [and] you have real-time account validation services via [application programming interface] API,” he said.

Accounts Payable 52

Accounts Payable B2B Accounting Education 52

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. Deployments are occurring across verticals including financial, healthcare, education, retail and others, Flynn noted. “We

Accounts Payable 46

Accounts Payable Invoicing Financial Systems Compliance 46

CFO Simplified

MARCH 1, 2022

Read more in the article below: Unemployment numbers are dropping, and jobs are looking for people. For instance, some outsourced services provide accounts payable processing or accounts receivable processing for companies. The Great Resignation has happened. Uptraining. Did I just make that up?

Accounts Payable 96

Accounts Payable CFO Education Sales 96

PYMNTS

JUNE 8, 2020

PSD2 was designed with such risks in mind, and its Strong Customer Authentication (SCA) provision — which takes effect in participating countries throughout 2020 and 2021 — compels companies to verify users’ identities with multi-factor authentication (MFA) whenever they attempt to access user accounts or digitally send payments.

Banking 60

Banking Accounts Payable Securities Accounting 60

PYMNTS

JULY 10, 2020

We have deep dives into global fruit supply chain technology, account takeovers (ATOs), and news on stimulus checks. Senate Majority Leader, said he could be open to further stimulus checks for people, noting that the most impacted workers make approximately $40,000 annually or under and a number of them are in hospitality.

Accounts Payable 59

Accounts Payable Education Retail Accounting 59

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 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 2, 2016

In a whitepaper penned by Melissa Moss, TSYS product development manager, titled “Shifting Perspective: Three Best Practices for Growing Your ePayables Program by Increasing Supplier Acceptance,” a number of key recommendations and signposts of value-added benefits tied to such technological adoption surfaced.

Accounts Payable 43

Accounts Payable Education B2B Numbers 43

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

JUNE 13, 2019

It seems an especially low number when considering this stat: Only 3 percent of companies meet customer demands for instant business-to-consumer (B2C) payments. How about a bigger number, though equally disquieting? Three percent of, well, anything is not a lot. After all, faster payments impact cash flow, too. The Use Cases.

B2C 66

B2C Cash Flow Forecasting B2B Accounts Payable 66

PYMNTS

JUNE 7, 2016

Despite the growing number of ePayable solutions, the commercial sector is still very much dominated by paper checks — which to many may seem to be an archaic way of doing business. So it appears the stage is set for growth for electronic accounts payable (EAP) adoption, as spending grew in 2014 among 71 percent of companies surveyed.

Accounts Payable 42

Accounts Payable Education Accounting B2B 42

Future CFO

JUNE 13, 2022

Editor’s note: Finance executives could no longer succeed by focusing simply on numbers. 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. Grace Lim, CFO, KK Women's & Children's Hospital.

Healthcare 52

Healthcare CFO Leadership Finance 52

CFO Simplified

MARCH 1, 2022

Read more in the article below: Unemployment numbers are dropping, and jobs are looking for people. For instance, some outsourced services provide accounts payable processing or accounts receivable processing for companies. The Great Resignation has happened. Uptraining. Did I just make that up?

Accounts Payable 52

Accounts Payable CFO Education Sales 52

PYMNTS

DECEMBER 28, 2020

that provides an end to end connected eInvoicing capability, and in the meantime we have already begun to engage with and educate thousands of businesses on the impact to their business and what they can do about it," Goenka said, according to the report. "We are soon releasing TallyPrime Release 1.1

Invoicing 80

Invoicing B2B Education Communication 80

PYMNTS

APRIL 12, 2016

The virtual card has gained attention in recent years for its ability to not only digitize corporate payments but to safeguard them, often coming in the form of a one-time-use card number designated for a specific purchase category and value. 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 15, 2017

On a good day, managing the ebb and flow of supply chains, accounts receivable and accounts payable can be challenging; on a bad day, juggling all those spinning plates becomes a nightmare. He said Flywire is “working on a number of things” related to blockchain technology, but it’s still very early days. Cryptocurrency?

Invoicing 48

Invoicing Reconciliations Currencies Foreign Exchange 48

Future CFO

AUGUST 3, 2021

For example, projects that are smaller in scale also make for good educational opportunities. The process of discovery, the effort required to implement, and education of using the new system or process can really move a team ahead. We deployed robotic process automation for the accounts payable.

Finance 52

Finance Forecasting Financial Modeling Accounts Payable 52

PYMNTS

APRIL 14, 2017

I understand the numbers, because for a number of years we saw check use for B2B transactions go down, but we saw that trend was broken,” he explained. It’s education and internal controls,” said Carlsson. With that in mind, it may not be so surprising that check fraud has increased, he said. “I

B2B 40

B2B Accounts Payable Education Reconciliations 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.

B2B 40

B2B Marketing Accounts Payable Education 40

CFO Talks

DECEMBER 26, 2021

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. CFO Talks is a brand of the South African Institute of Business Accountants. The study in Germany, back at the time, was quite theoretical, I must say.

CFO 68

CFO Construction Finance Education 68

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

Planful

JANUARY 11, 2022

Consider how the State of Pennsylvania overpaid a school district by half a million dollars because the spreadsheet data supplied by the district inflated enrollment numbers. Finance and accounting professionals will continue to work late into the night. But mistakes made in finance can have disastrous consequences.

Financial Planning and Analysis (FP&A) 40

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

PYMNTS

DECEMBER 29, 2020

Now, with electronic processes in place in accounts payable (AP) and accounts receivable (AR) departments, businesses are in a more strategic position than ever before to elevate workflows and strengthen B2B relationships. B2B payments are messier than B2C payments," said Chanda.

B2B 114

B2B Reconciliations Accounts Payable Invoicing 114

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. Instead, it’s your responsibility to educate yourself on the basics of financial management and oversight.

Nonprofit 105

Nonprofit Auditing Compliance Budgeting 105

PYMNTS

JULY 26, 2018

Those stand as the benefits of an accounts payable (AP) revolution — at least according to a recent PYMNTS webinar entitled “ The Payable to Payments Revolution.” A story from Andrew illustrates that, and also demonstrates the importance of education in bringing digital technology to more B2B payments. Better cash flow.

Accounts Payable 41

Accounts Payable Invoicing B2B Education 41

PYMNTS

DECEMBER 22, 2016

Last year, for instance, the firm rolled out Invoice Automation to help manufacturers and distributors capture invoice data for their accounts payable departments. While that’s a start, organizations need to keep an eye on data quality within areas like procure-to-pay, accounts payable and accounts receivable.

Accounts Payable 40

Accounts Payable Invoicing B2B Analyzing Data 40

PYMNTS

APRIL 29, 2019

Not only does the deployment of non-approved digital systems add to the number of data doors a bad actor may open, but, with data protection regulations like GDPR , companies may find themselves non-compliant if and when they finally discover an employee has downloaded some type of software.

Accounts Payable 74

Accounts Payable Education Leadership Communication 74

PYMNTS

AUGUST 24, 2017

More than half of accounts payable departments said they don’t partner closely with internal audit teams, while 82 percent have no connection to internal enterprise security teams. In general, he said, companies are aware of the risk of fraud in their accounts payable departments.

Accounts Payable 40

Accounts Payable Invoicing Benchmarking Auditing 40

PYMNTS

FEBRUARY 15, 2018

Meanwhile, from eCommerce to financial services, to healthcare and education, new payment solutions are introducing a series of disruptions to the cross-border payment space. The solution is intended to help SMBs by offering a multi-currency account and a single international bank account number for global payments.

Accounts Payable 43

Accounts Payable B2B Currencies Healthcare 43

PYMNTS

JANUARY 11, 2018

It’s a relatively small number. ” Access to data, especially level 3 data provided by commercial card transactions, can not only identify fraud, but can also help companies benchmark their spending habits – from corporate travel to procurement to accounts payable – against their peers in other markets, Taylor added.

Auditing 41

Auditing Accounts Payable Benchmarking Education 41

CFO Leadership

SEPTEMBER 28, 2021

In that case, those numbers might look a lot like your preferred strategy — one that likely got mixed reviews from business colleagues. There may also be an opportunity to educate teams on why product/customer support spending is critical now. That is, unless you’re a finance leader.

Finance 93

Finance Financial Planning and Analysis (FP&A) Leadership CFO 93