CFO Network

MARCH 11, 2024

Prompt Invoicing: Key to Cash Flow Stability Conversely, poor cash flow management can spell disaster, hindering growth and even leading to the demise of an otherwise viable business. One of the most common pitfalls in cash flow management for SMBs is delayed invoicing.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Invoicing Forecasting 52

PYMNTS

MAY 12, 2020

To automate accounts payable (AP) procedures, Ephesoft, Inc. rolled out its Semantik Invoice cloud-based data acquisition product. ” The reader technology of Ephesoft recognizes important fields like invoice date, ship date and terms, among other data. .” days, AP processing is ripe for innovation.”

Invoicing 68

Invoicing Accounts Payable Forecasting Accounting 68

PYMNTS

MARCH 13, 2019

This stumbling block to innovation is often visible in accounts payable (AP) departments, Corcentric SVP of Sales Daniel Andrew told PYMNTS in a recent conversation. Manual, paper-based invoicing systems are objectively worse in every metric when stacked against automated, digital AP systems that leverage straight-through processing.

Accounts Payable 44

Accounts Payable Accounting Invoicing Benchmarking 44

PYMNTS

MAY 13, 2020

Accounts payable (AP) tools that provide quick, detailed oversights of businesses’ financial statuses and payments obligations can help pick up the pace of payments by keeping invoice approval processes on track. Three-Way Invoice Matching Brews Up Better AP Processes. Around The AP Automation World.

Invoicing 79

Invoicing Accounts Payable B2B Budgeting 79

CFO Leadership

APRIL 2, 2024

The start of 2024 saw several high-profile accounting mistakes with companies having to publicly correct their quarterly earnings statements. While the specific causes of the errors were unclear, the incidents had many pointing the finger at a burgeoning risk factor: the shortage of certified public accountants.

Accounting 52

Accounting Compliance Accounts Payable Budgeting 52

PYMNTS

DECEMBER 14, 2020

Amid market volatility, organizations are finding it imperative to accelerate their accounts receivables while extending accounts payables and still maintaining positive buyer-supplier relationships. Accounts receivable and accounts payable are two key functions of the enterprise with significant impact on cash flow.

Accounts Payable 123

Accounts Payable Cash Flow Forecasting Prioritization Invoicing 123

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

CFO Share

JULY 8, 2021

A 13 week cash flow forecast is a short term forecast used during liquidity shortfalls to plan a company’s cash flows and avoid financial distress such as missing payroll, defaulting on debt, and ending up in bankruptcy or receivership. When to use a 13 week cash flow forecast. How to perform 13 week cash flow forecasting.

Cash Flow Forecasting 59

Cash Flow Forecasting Forecasting CFO Accounts Payable 59

Future CFO

AUGUST 1, 2023

According to IDC's 2023 Future SMB and Midmarket Survey , 50% of surveyed respondents (driven by SMBs) in Asia/Pacific state that they will automate their financial and accounting processes through cloud applications in the next 18 months. "As This can be time-consuming and lead to errors when handled manually.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

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. Reconciles the bank accounts. Codes and processes Accounts Payable invoices. Issues Accounts Payable checks. Calculates and enters payroll. Provides reporting to banks.

CFO 96

CFO Cash Flow Forecasting Accounts Payable Forecasting 96

CFO Share

FEBRUARY 23, 2024

Streamlining Cash Receipts Efficient management of accounts receivable is pivotal to achieving small business cash flow optimization. This process involves: Adopting digital invoicing systems to reduce delays. Consistently monitoring outstanding invoices to identify and address late payments proactively.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Invoicing Prioritization 52

PYMNTS

SEPTEMBER 4, 2019

Late payments have caught the attention of regulators around the world, and of FinTechs exploring ways to accelerate cash flow for B2B companies struggling to make a profit when invoices are left unpaid. The AR-Cash Flow Connection. The AR-Cash Flow Connection.

Cash Flow Forecasting 61

Cash Flow Forecasting Accounting Forecasting Accounts Payable 61

Spreadym

OCTOBER 13, 2023

It involves several key components and strategies, including: Cash Flow Forecasting : Businesses need to project their future cash flows based on historical data, sales forecasts, and other relevant factors. Managing Accounts Payable: Delay payments to suppliers only when it is advantageous and do not jeopardize supplier relationships.

Cash Flow Forecasting 59

Cash Flow Forecasting Accounts Payable Forecasting Invoicing 59

The Finance Weekly

NOVEMBER 8, 2022

From accounting and payroll management to budgeting and forecasting, finance is the reason and numbers behind every bit of data that passes through the organization. Here are the 7 best finance software solutions broken down into different categories: 1) Accounting. Perhaps there is no bigger name in accounting than Intuit.

Financial Planning and Analysis (FP&A) 98

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

PYMNTS

MAY 1, 2019

Corporate treasury technology company HighRadius is rolling out a new cash flow forecasting solution developed using artificial intelligence (AI) technology. HighRadius said that legacy strategy is “crippling corporate treasurers from making confident short-term and long-term debt and investment decisions.”

Forecasting 40

Forecasting Cash Flow Forecasting Treasury Accounts Payable 40

PYMNTS

SEPTEMBER 23, 2020

Intelligent Collections will provide real-time visibility and predictive tools to show accounts receivable departments which accounts might be late on payments or delinquent, according to the release.

Corporate Finance 70

Corporate Finance Finance Cash Flow Forecasting Vendor Management 70

https://trustedcfosolutions.com/feed/

JANUARY 31, 2023

Formal policies and procedures allow for better control over your cash so you can quickly identify risk and uncover potential problems within your accounting structure. Automate your accounts payable processes. Contact us today to learn more about using Sage Intacct to improve your cash flow and simplify your budget forecasting.

Cash Flow Forecasting 57

Cash Flow Forecasting Forecasting Accounts Payable Cash Management 57

Future CFO

OCTOBER 16, 2022

According to the research firm, the top five use cases include demand/revenue forecasting, anomaly and error detection, decision support POC (percentage of completion) revenue forecasting, and cash collections. Demand / revenue forecasting. POC revenue forecasting or POC accounting. Anomaly and error detection.

Corporate Finance 52

Corporate Finance Finance Forecasting Accounting Principles 52

CFO Share

NOVEMBER 3, 2023

It’s common for many small business owners and finance directors to handle accounts receivable, accounts payable, and other financial tasks themselves in the early days. If you’re consistently spending hours on invoicing, payroll, or tax preparations, delegating these tasks can free up precious time.

Invoicing 52

Invoicing Accounts Payable Compliance Financial Analysis 52

Spreadym

JUNE 19, 2023

Here is a general process for effective cash flow management: Establish a Cash Flow Forecast: Begin by creating a cash flow forecast, which estimates the expected cash inflows and outflows over a specific period (e.g., This forecast serves as a baseline for monitoring and planning your cash flow.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

PYMNTS

JANUARY 18, 2019

Mastercard ‘s commercial card spend management solution In Control has been integrated into the accounts payable (AP) automation platform of MineralTree , the companies said in a press release on Thursday (Jan. That collaboration similarly involves the integration of Mastercard In Control.

Accounts Payable 55

Accounts Payable Cash Flow Forecasting Invoicing Financial Analysis 55

PYMNTS

NOVEMBER 9, 2020

Accounts payable (AP), accounts receivable (AR) and other capital management workflows are also not immune to pandemic-related struggles. One study found that 74 percent of accounting staff reported pain points when manually processing invoice data, for example, with 68 percent citing manual invoice routing as their top concern.

Accounts Payable 52

Accounts Payable Forecasting Invoicing Leverage 52

PYMNTS

JULY 10, 2019

Lisa Lansdowne-Higgins, vice president of business deposits and treasury solutions at the Royal Bank of Canada (RBC), recently told PYMNTS that these three disruptors have a significant opportunity to shake up accounts payable processes thanks to the impact they have on data. Open Banking.

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

PYMNTS

DECEMBER 26, 2019

The last decade of B2B FinTech innovation not only led to an explosion of product options for businesses to manage a variety of processes, including accounts receivable (AR), accounts payable (AP) and accounting. But AI is far from the only technology disrupting payments.

Accounting 53

Accounting B2B Accounts Payable B2C 53

PYMNTS

JUNE 11, 2020

While optimizing back-office functions like accounts payable and accounts receivable can support enhanced cash-flow management, B2B partnership collaboration is also critical to supporting the financial health of an organization. Xero, Transferwise Team For SMB Cash Flow. HighRadius Connects AR-AP For Mid-Market.

B2B 52

B2B Accounts Payable Cash Flow Forecasting Reconciliations 52

CFO Simplified

SEPTEMBER 16, 2022

And, if you have a savings account that you put money into regularly for retirement or vacation plans, you’re practicing accrual accounting at home. It also includes: The invoices that you have entered into accounts payable, and. You don’t get invoices for all your bills. No more, no less. Should Pay, or.

Accounts Payable 52

Accounts Payable Prioritization CFO Invoicing 52

Fpanda Club

MARCH 14, 2021

The most common examples of defects in finance processes are: errors in payments while billing or accounts payable processes, incorrect entries in accounting, inaccurate forecasts in budgeting, delays in reporting, incorrect data in the reports, a formula error in the Excel spreadsheet.

Finance 130

Finance Benchmarking Transportation Accounts Payable 130

PYMNTS

SEPTEMBER 29, 2020

Advances in artificial intelligence (AI) and automation technology has introduced a whole host of ways to help corporate finance teams from accounts payable (AP) to accounts receivable (AR) recover hours lost to what has traditionally been manual tasks. Finance teams have mountains of manual tasks to complete every day.

Cash Flow Forecasting 59

Cash Flow Forecasting Accounts Payable Invoicing Corporate Finance 59

PYMNTS

MARCH 21, 2019

For many companies, the accounts payable (AP) process is mired in paper, but technology, properly deployed, can cut down the paper chase, streamlining the journey between getting invoices and paying them. Typically, the AP department will struggle to just pay on time or reasonably late,” he told PYMNTS.

Accounts Payable 48

Accounts Payable Invoicing Compliance SAP 48

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

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

JANUARY 28, 2020

Advances in data integration and automation have taken small- to medium-sized business (SMB) accounting to the next level. In the effort to migrate SMBs and their accountants away from spreadsheets, technology now enables accountants to spend less time on manual number-crunching and more time on strategic processes.

Cash Flow Forecasting 60

Cash Flow Forecasting Forecasting Accounts Payable Invoicing 60

PYMNTS

NOVEMBER 26, 2019

Organizations evaluating the return on investment (ROI) of accounts payable (AP) automation find obvious benefits from cost savings, early payment discounts and rebate-earning opportunities. That can lead to a lack of cohesion within the payment supply chains for AP or accounts receivable (AR) operations, Wessels said.

Accounts Payable 52

Accounts Payable B2B Invoicing Auditing 52

PYMNTS

JULY 2, 2020

Often at the center of this initiative is the accounts payable (AP) department — and unsurprisingly for these volatile times, the strategy can turn toward lengthening the days payable outstanding (DPO). “We’re seeing a lot more of that mentality.” “It’s also the ergonomics of it.

Economics 104

Economics Accounts Payable B2B Reconciliations 104

PYMNTS

JANUARY 10, 2020

Historically, that has meant disparate, siloed platforms for expense management, contract management, accounts payable automation and more. He also highlighted machine learning and cognitive services that can more accurately, easily and quickly extract data from an invoice, for instance.

Marketing 52

Marketing Accounts Payable Invoicing Technology 52

PYMNTS

JUNE 30, 2016

The perception of the role of Accounts Payable among professionals has moved up a notch, according to Ardent Partners. But these perceptions may not line up to the realities of how the enterprise grasps the data provided from the accounts payable process. Professionals expect the accounts payable department to evolve.

Accounts Payable 41

Accounts Payable Invoicing Leverage Treasury 41

Future CFO

MARCH 5, 2023

“Finance automation technology integrates machine learning and artificial intelligence for use in areas such as financial analysis, payroll administration, invoice automation, collections action, and preparing financial statements. The use of such automated software reduces the need for human intervention in these activities.”

Financial Planning and Analysis (FP&A) 98

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