Future CFO

APRIL 21, 2021

Manual AP invoicing has been outdated and inefficient for years now, so when business across the globe encountered significant disruptions, companies with digital transformation still on their to-do lists felt the impact on their operations far more than those already using automation. What has changed, and what changes are here to stay?

Accounts Payable 40

Accounts Payable Accounting Invoicing Finance 40

PYMNTS

JANUARY 29, 2019

Straight-through processing (STP) is the gold standard for accounts payable (AP) departments. It allows invoices to be received, reviewed and pushed through for payment, all without manual intervention. However, experts have agreed that STP is best for companies without a high level of invoice exceptions.

Accounts Payable 64

Accounts Payable Accounting Invoicing Technology 64

PYMNTS

MARCH 10, 2020

“In order to provide its customers with even better service, Cegid wanted to give them the opportunity to fully automate their supplier invoicing management processes. The integration with Esker provides all the functions necessary for reliable and efficient processing of supplier invoices,” the release said.

Accounts Payable 69

Accounts Payable Accounting Invoicing Technology 69

PYMNTS

JANUARY 13, 2021

Expense management technology provider Medius and international eDocument service company Pagero have collaborated to help companies handle digital invoices. The new collaboration lets their joint customer base get and handle digital invoices in different formats throughout the world, according to a Wednesday (Jan. 13) announcement.

Invoicing 67

Invoicing Accounts Payable Compliance Accounting Firms 67

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

Future CFO

FEBRUARY 27, 2022

Accounts payables (AP) is responsible for making sure the company’s bills are paid on a time. An organised accounts payables process ensures that invoices are tracked and paid properly, as well as avoiding missing payments or making a payment more than once. However, automating accounts can be a daunting project.

Accounts Payable 52

Accounts Payable Planning Invoicing Accounting 52

PYMNTS

JUNE 2, 2020

To provide non-touch invoice processing and support remote work, SoftCo rolled out its SoftCo ExpressAP accounts payable (AP) automation technology. SoftCo ExpressAP removes costly manual invoice processes, enforces cost control, and supports a safe remote working environment.”.

Invoicing 52

Invoicing Accounts Payable Vendor Management Accounting 52

PYMNTS

JUNE 17, 2020

To provide small companies with accounts payable (AP) automation, Medius is bringing its MediusGo invoice automation product to the American market. to get better in terms of accounts payable automated, citing research made before the entry of MediusGo in the U.S.

Invoicing 52

Invoicing Accounts Payable Marketing Manufacturing 52

The Charity CFO

APRIL 5, 2022

If you’re like many people, you probably think that there is a single set of accounting rules that every company must follow. . But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting.

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

PYMNTS

OCTOBER 1, 2019

Commercial payments firm Bottomline Technologies is rolling out advancements to its invoice automation platform that uses artificial intelligence (AI), the company announced in a press release on Tuesday (Oct. Bottomline is also updating the Paymode-X AP Automation solution to work more seamlessly with users’ back-office systems. .

Invoicing 46

Invoicing Accounts Payable B2B Accounting 46

PYMNTS

SEPTEMBER 17, 2019

Instead, taking a look at the latest solutions to emerge on the market shows various applications for speed in commercial transactions, from faster deposits for small businesses, to virtual cards enabling faster invoice payments for suppliers. Chase Accelerates SMB Bank Deposits.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

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

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? Investopedia defines accounting as “the process of recording financial transactions pertaining to a business.” .

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

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

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

PYMNTS

NOVEMBER 5, 2020

Transacting with vendors through paper checks and receiving paper invoices have become more difficult due to postal service disruptions, companies’ shifts to working out of office and financial strains, however. This could create demand for solutions that easily link into businesses’ accounts and enterprise resource planning (ERP) systems.

Invoicing 64

Invoicing B2B Construction Accounts Payable 64

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. The second option provides better priced plans and/or caters to different target audiences to ensure there will be a good option for any size or type of business.

Financial Planning and Analysis (FP&A) 98

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

PYMNTS

MARCH 3, 2020

It’s not difficult for a supplier to tell when accounts receivable (AR) processes are not optimized. Late payments, invoice disputes and even fraud are all glaring red flags of AR inefficiencies and friction. Invoice-to-Cash Optimization. Yet managing this information is key to receiving payment.

Accounting 74

Accounting Invoicing Reconciliations B2B 74

Boston Startup CFO

APRIL 3, 2023

Financial accounting: A topic that can easily disorient even the most driven entrepreneurs. Fortunately, we present you with a compass – a diagram that demystifies the functions of financial accounting. In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions.

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

JUNE 16, 2018

In a survey of accounts payable professionals released last week, analysts found that suppliers often struggle to gain insight into whether or not their invoices have been paid. ” “When will my invoice be paid?” percent from last year.

Invoicing 40

Invoicing Accounts Payable Accounting Numbers 40

PYMNTS

AUGUST 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. Finance administrators and project managers both benefit from automation of the accounts payable process.

Construction 69

Construction General Ledger (GL) Accounts Payable General Ledger 69

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

MAY 12, 2020

Paying out invoices to contractors or freelancers can be extremely time consuming for businesses that rely on manual processes. Firms must not only confirm that charges are legitimate and that invoiced work was delivered, but also process them and send out payments. The Late Invoice Ripple Effect. took home fell by 2.9

Invoicing 52

Invoicing Accounts Payable Securities Accounting 52

PYMNTS

JUNE 24, 2020

To help project managers and administrators save time, Centsoft has unveiled an accounts payable (AP) automation technology for firms in the construction industry. Centsoft connects with different enterprise resource planning (ERP) technologies like SAP Business One, NetSuite, Dynamics 365 and QuickBooks.

Construction 75

Construction Accounts Payable Invoicing SAP 75

Spreadym

OCTOBER 13, 2023

Managing Accounts Receivable: Efficiently manage your accounts receivable by invoicing promptly, offering discounts for early payment, and pursuing collections for overdue payments. 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

PYMNTS

JANUARY 13, 2021

The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. Shields noted that accurately predicting anticipated invoice payment dates can have ripple effects throughout an organization. “No The problems are analog.

Accounting 94

Accounting Invoicing B2B Treasury 94

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

PYMNTS

NOVEMBER 2, 2020

Palette Software has connected its accounts payable (AP) automation cloud technology with Aptean ERP , according to a Monday (Nov. Enterprise business software firm Aptean offers targeted enterprise resource planning (ERP), compliance and supply chain management solutions to firms throughout the globe, according to the announcement.

Accounts Payable 56

Accounts Payable B2B Construction Invoicing 56

PYMNTS

SEPTEMBER 24, 2020

the Massachusetts-based accounts payable (AP) automation software provider, announced a $50 million Series D investment round and the purchase of two companies Thursday (Sept. It processes more than 15 million invoices, representing $100 billion in AP spending annually in its software platform. MineralTree Inc.,

Accounts Payable 67

Accounts Payable B2B Invoicing CFO 67

PYMNTS

JULY 30, 2020

In an effort to help companies reduce their accounts payable (AP) expenses, Zycus has rolled out artificial intelligence (AI)-powered bots for the last part of the procurement process, according to an announcement. Those who work in finance or accounting roles can use the RegalPay technology directly from their workstations.

Accounts Payable 60

Accounts Payable SAP Invoicing Construction 60

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. But that data is siloed and often unstructured. The Financial Consequences.

Cash Flow Forecasting 61

Cash Flow Forecasting Accounting Forecasting Accounts Payable 61

PYMNTS

APRIL 24, 2020

Plus, an accounts payable technology company announced a $127 million equity round. In France, Libeo , which offers invoice processing automation technologies for small businesses in need of accounts payable optimization, secured $4.32 B2B FinTech investments appear to be relatively strong, too. KarbonCard.

B2B 77

B2B Accounts Payable Startups Invoicing 77

PYMNTS

JANUARY 31, 2021

Business payments firm FLEETCOR Technologies has acquired accounts payable (AP) platform provider Roger , Fleetcor announced in a press release. In addition to small businesses, accounting firms in North America and Europe use, refer, and resell the platform today in connection with their customers.”.

Accounts Payable 85

Accounts Payable B2B Invoicing Accounting Firms 85

PYMNTS

NOVEMBER 11, 2020

The Playbook also calls out “three-way invoice matching — in which staff must compare invoices to purchase orders and goods received notes,” and the frustrations that brings, but automation can reduce these stresses by matching these invoices automatically. Platforms Streamlining Mass Payables.

Accounts Payable 87

Accounts Payable Invoicing Treasury Reconciliations 87

CFO Talks

MARCH 20, 2024

Think of a Controller as the head of getting day-to-day money matters right, like making sure every penny is accounted for and reports are spot-on. It’s about making plans for the company’s financial future and finding ways to make the business better. Strategize: Spend your energy on planning for growth and improving the business.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52