Future CFO

JANUARY 10, 2024

Standardising settlement instructions is a crucial strategy, not just in investment transactions but also in the more immediate areas of accounts payable and receivable. This standardisation serves as a safeguard against the redirection of funds to unauthorised accounts.

Accounts Payable

PYMNTS

MARCH 26, 2018

The rise of the gig economy means companies can access a wide array of vendors, but an increasing volume of suppliers can lead to complications in the accounts payable department, the company explained, adding that the average large enterprise sees 90 percent of service vendors accounting for just 5 percent of overall spend.

Accounts Payable

PYMNTS

MARCH 22, 2016

Accounts payable and B2B payments automation firm MineralTree is taking new paths to spread the seed of its solution. This is a market that expects solutions that are easy to get up and running and that are tightly integrated with their financial systems of record — their accounting and ERP systems.

Accounts Payable

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

Michigan CFO

JUNE 7, 2023

Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. CFOs play a pivotal role in strategic decision-making, ensuring the financial health and stability of the business.

CFO

PYMNTS

AUGUST 15, 2018

However, accounts payable (AP) service providers have more on their plate than simply making it easier for companies to pay their invoices digitally. Scott noted that one of the biggest reasons why is service providers’ failure to adequately address vendors’ needs in the accounts receivable department.

B2B

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

The Charity CFO

MARCH 2, 2022

I don’t know if my nonprofit’s accounting systems are bad… and I probably won’t know for sure until something bad happens.”. She focuses on helping new clients feel more confident about their financial records by re-engineering financial systems and minimizing opportunities for errors. Is this you? “I

Nonprofit

PYMNTS

JULY 24, 2018

Years of growth and expansion can make the task of upgrading existing legacy financial, ERP and accounting systems a monster of a task. Add in the disparate systems of other companies acquired over the years, and streamlining existing financial systems can seem next to impossible.

Accounts Payable

PYMNTS

FEBRUARY 15, 2019

However, achieving these more strategic goals is a feat that requires seamless integration of data across procurement, accounts payable, expense management, ERP and other financial systems, which introduces an entirely new beast of challenges for organizations: how to connect these platforms together.

Education

PYMNTS

FEBRUARY 7, 2018

Artificial intelligence (AI) is finding success in the back office, and that includes in financial systems and accounting departments. Financial executives aren’t ignoring this trend either. Analysts recommended that companies tread carefully in this regard. Pay360 , a U.K.

Invoicing

Michigan CFO

JUNE 14, 2022

In the United States, a comptroller is a senior-level executive in charge of an organization’s accounting operations in the public sector. They all play vital roles in the financial industry, overseeing revenue estimation, accounting, tax collection, treasury, etc. Financial reports and records. Chart of Accounts.

General Ledger

PYMNTS

MAY 16, 2016

Between treasury management, accounting, invoicing, cash management and all the other money tools corporates have access to today, it’s a wonder CFOs can keep their heads on straight. Brimfield pointed to the rise in third-party financial services systems as one of the strongest forces behind the development of the treasury management space.

Treasury

PYMNTS

MAY 1, 2018

NetSuite has its own PO creation capability, but the integration enables users to streamline their complete accounts payable (AP) workflow. CMO Rob Israch said the multi-entity capability is what differentiates Tipalti, enabling customers to run their entire payables operations across borders and brands from a single touchpoint.

Startups

PYMNTS

MARCH 18, 2016

“The cloud has transformed virtually every industry, yet it’s had a lesser impact on the financial system to date, leaving banks and the businesses they serve without an efficient means to move money,” he said. This is largely why corporations continue to rely on paper checks to send payment. Bill.com, Kriplani said, is no different.

B2B

PYMNTS

DECEMBER 29, 2020

Respondents in a June survey of healthcare provider chief financial officers said they expected notable drops in revenue this year and that their firms would have to make reductions in spending.

Healthcare

CFO Talks

MARCH 19, 2024

Leading by Example Consider a CFO who champions the adoption of a new cloud-based financial system. For instance, after implementing the new financial system, the CFO could organize feedback sessions to discuss user experiences, addressing challenges and celebrating quick wins.

CFO

https://trustedcfosolutions.com/feed/

FEBRUARY 13, 2023

Without the accurate oversight of revenue, accounts payable, inventory, and billing, a business could go from burgeoning to bust. A controller acts as one of these key players, routinely analyzing and monitoring a company’s financial standing. The post The Role of Controller: Why Systems Trump Strategy appeared first on.

Accounts Payable