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

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. Streamlining The AP Purchasing Process.

B2B 71

B2B Invoicing Accounts Payable Reconciliations 71

PYMNTS

OCTOBER 14, 2020

Accounts payable and receivable used to be concrete, separate operations. At the end of the day, he said, every company (regardless of size or focus) should endeavor to know exactly how cash is flowing in and out of accounts, and what liquidity positions are in real time (which, of course, requires real-time data exchanges).

B2B 97

B2B Accounts Payable Reconciliations Economics 97

PYMNTS

MARCH 8, 2018

for higher education opportunities each year, many parents end up getting an unexpected crash course in cross-border car shopping. In Australia, a hospitality company is putting blockchain solutions to work on payment reconciliation. for higher education opportunities annually — and many need a set of wheels during their stay.

Education 43

Education Accounts Payable Reconciliations B2B 43

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. Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately.

Invoicing 48

Invoicing Reconciliations Currencies Foreign Exchange 48

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

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

We actually see a decrease, overall, of these protective measures,” Carlsson noted, adding that daily reconciliation and other internal controls can help to combat check fraud. It’s education and internal controls,” said Carlsson. That’s surprising to me — a little bit of an uncomfortable surprise.”.

B2B 40

B2B Accounts Payable Education Reconciliations 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. PARS for a New Course.

B2B 40

B2B Invoicing Reconciliations Accounts Payable 40

Planful

JANUARY 11, 2022

Without AI, employees are burdened with hours of monotonous tasks like reporting and data reconciliation. This was great for business but led to increasingly long financial reconciliation times. Finance and accounting professionals will continue to work late into the night. 1 – Let AI do the heavy lifting.

Financial Planning and Analysis (FP&A) 40

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

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

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

PYMNTS

MAY 15, 2018

Part of innovators’ motivation to target this industry is the fact that there are so many points in business-to-business transacting that have the potential for friction – from supplier sourcing to procurement to payments and reconciliation.

B2B 40

B2B Invoicing Reconciliations Education 40

PYMNTS

NOVEMBER 13, 2019

In the drive to manage accounts payable (AP) more efficiently, buyers can not only optimize their own working capital, they can help suppliers, too. Wardwell said bringing all invoices — regardless of format — onto a single platform gives the buyer a more holistic view of payables and cash flow. The Digital Roadmap.

Accounts Payable 46

Accounts Payable Invoicing Reconciliations Accounting 46

PYMNTS

OCTOBER 2, 2019

It’s incumbent upon FIs to educate their corporate clients on the different faster payment services and products on offer. In the case of an approved claim, for example, an insurance payment can be pushed directly to consumers’ debit cards or bank accounts, removing the cost of printing and mailing checks — and the waiting game.

B2C 81

B2C B2B Accounts Payable Invoicing 81

PYMNTS

JANUARY 20, 2017

By their very nature, virtual cards are controlled, he explained, because they are single-use accounts and have the ability for payments thresholds to be set, as well as very defined criteria as to who the payments can be made to. This type of control also helps from both a reconciliation and fraud prevention standpoint.

Accounts Payable 44

Accounts Payable B2B Education Reconciliations 44

PYMNTS

APRIL 17, 2018

These institutions have figured out how to remain compliant while navigating the risks of the cannabis market — which are vast, added Peterson, and account for why so many marijuana businesses remain unbanked. If you don’t have a bank account, there is no benefit carrier that’s going to back you. It creates a very unsafe environment.”.

Accounts Payable 40

Accounts Payable Compliance Banking Reconciliations 40