PYMNTS

SEPTEMBER 17, 2020

This week's roundup of the convergence of accounts payable (AP) and accounts receivable (AR) takes a look at how B2B payments solution providers are considering both buyers and suppliers as a result of the pandemic. Paymerang Eyes The Supplier's Role In AP. Versapay Eases Payment Pain With AR Tool.

B2B 92

B2B Vendor Management Marketing Accounts Payable 92

PYMNTS

NOVEMBER 11, 2020

Back office modernization is in the spotlight like never before, and solutions that streamline accounts payable (AP) and accounts receivable (AR) functions are in high demand. Many changes in liquidity demands are seasonal, such as around the holidays, when businesses see higher sales and inventory reordering.

Accounts Payable 87

Accounts Payable Invoicing Treasury Reconciliations 87

PYMNTS

FEBRUARY 1, 2021

It’s not that automating invoice generation, banishing checks, automating the cash application process and systematically removing all the manual touches from accounts payable (AP) and accounts receivable (AR) workflows weren’t unknown concepts among chief financial officers (CFOs) and treasury departments at the time.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

The Charity CFO

FEBRUARY 4, 2022

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. A bookkeeper records and organizes financial data; an accountant interprets and presents that data. . And that’s a problem.

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

PYMNTS

OCTOBER 22, 2020

Billtrust CEO and Founder Flint Lane highlighted three shifts in particular that are igniting major change in the industry: first, the accelerated digitization of accounts receivable (AR) and accounts payable (AP). How that strategy manifests will look different for each customer, however.

B2B 89

B2B Education Reconciliations Accounts Payable 89

PYMNTS

DECEMBER 15, 2020

"Retailers were being approached by sales reps, inventory was being managed on white boards and sales were in spreadsheets," Gordon said. Because consumer transactions continue to rely on cash, the accounts receivable (AR) and accounts payable (AP) processes within the supply chain can be fragmented.

B2B 111

B2B Accounts Payable Startups Invoicing 111

PYMNTS

JUNE 22, 2016

In B2B payments, accounts payable automation is a hot topic, as are the challenges AP professionals face when it comes to paying suppliers and managing the data from those transactions. Nearly half of the companies surveyed by the institution said they still use spreadsheets for AR reconciliation.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

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). “Suppliers who have historically been resistant to cards are now welcoming it in certain respects,” he noted.

Economics 104

Economics Accounts Payable B2B Reconciliations 104

Spreadym

JUNE 19, 2023

Monitor Cash Inflows: Track all sources of cash inflows, such as sales revenue, investments, loans, or other income. Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. monthly, quarterly, or annually).

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

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

SEPTEMBER 23, 2019

“A firm attempting to make purchases from a new overseas supplier can trigger a fraud warning, for example, but AI solutions might compare it to a cluster of similar SMB accounts and further examine it before raising a flag,” the report noted. Beyond the Payment.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

JUNE 14, 2017

They include virtual cards, accounts payable automation, data analytics and other capabilities, Visa said. The launch adds to the list of Visa Ready programs offered by Visa, which already include frameworks for mobile point of sale, Internet of Things and cloud-based payments.

B2B 44

B2B Accounts Payable Reconciliations Accounting 44

PYMNTS

JULY 16, 2020

Force-fitting a B2C-based eCommerce platform for a B2B sales context can mean a lack of payments features corporates need, like the ability to facilitate check transactions and establish custom payment terms. Payments workflows are a particularly large hurdle in this space.

B2B 59

B2B eCommerce B2C Accounts Payable 59

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

In Australia, a hospitality company is putting blockchain solutions to work on payment reconciliation. The platform is designed to deploy smart contracts to help hotel companies reconcile both accounts receivable (AR) and accounts payable (AP) tasks. About The Report.

Education 43

Education Accounts Payable Reconciliations B2B 43

PYMNTS

FEBRUARY 12, 2018

The seller gets access to that money in a couple of days, maybe even quicker with new push payments and faster payments initiatives designed to accelerate the speed of settled sales to bank accounts. Accepting a credit card payment offers a convenient way for sellers to make a sale, and for buyers to pay them.

Accounts Payable 43

Accounts Payable Invoicing Accounting Reconciliations 43

PYMNTS

APRIL 10, 2019

Corporates’ biggest procure-to-pay challenges often center around the friction of streamlining data flows and the movement of money, from sourcing and purchase order submission to invoice payment and reconciliation. Yet, as supply chains expand across borders, a new burden has landed on procurement teams’ shoulders: compliance.

Compliance 55

Compliance Invoicing Auditing Accounts Payable 55

PYMNTS

JUNE 9, 2017

That’s especially true in corporate accounting, says Beanworks CEO Catherine Dahl. It’s an interesting time in accounting, and there’s a huge change coming,” she recently told PYMNTS, adding that digitization will become the norm, empowering humans to take on more strategic tasks while technology handles the repetitive stuff.

Accounting 43

Accounting Technology Accounts Payable Invoicing 43

CFO Simplified

APRIL 8, 2022

This person learns all the ins and outs of the accounting system and everything else about the business. Sales – $17,000,000. She did payroll, accounts payable, invoicing and cash receipts. Bank reconciliations should be reviewed by management. It provided significant detail in every account.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Reconciliations CFO 52

PYMNTS

AUGUST 9, 2019

That’s what makes the marrying of front-office finances with back-office finances so valuable for this space, according to Teri Wilson, general manager at restaurant accounts payable technology firm Sourcery. At first glance, the synergies between a point of sale (POS) and accounts payable solution may not appear clear.

Accounts Payable 43

Accounts Payable Invoicing Reconciliations Finance 43

CFO Simplified

NOVEMBER 28, 2022

Here is probably the largest single asset in your company, and if you’re not making sure that those numbers are correct, you’re missing a very important reconciliation that you need to do. . There’s inventory that was left over from last year’s sales, product that’s no longer valuable, product that is obsolete.

General Ledger 98

General Ledger CFO Accounts Payable Reconciliations 98

PYMNTS

JANUARY 26, 2018

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47

PYMNTS

MARCH 4, 2020

In a statement, a spokesperson for Amex said the company has “rigorous, multilayered monitoring and independent risk management processes in place, which we continuously review and enhance to ensure that all sales activities conform with our values, internal policies and regulatory requirements.”

Accounts Payable 56

Accounts Payable Reconciliations Risk Management Finance 56

PYMNTS

AUGUST 5, 2019

According to ePayRails CEO Richard Jackman, the company will deploy the funding to buildout its ePayRails Payment Hub, invest in sales and marketing, and bolster its back-office client support offerings.

B2B 40

B2B Startups Securities Accounts Payable 40

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

JULY 31, 2017

It typically takes anywhere between a week to a fortnight [two weeks] for such distributed cash to be properly accounted for and show up as bank deposits that can be used,” the executive said. The problem, he continued, is that cash spreads in small amounts across several members of a single business. “It

Invoicing 40

Invoicing B2B Accounts Payable Cash Management 40

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. They do seed-to-sale reports to make sure dollars were legally earned. They need to run compliance.

Accounts Payable 40

Accounts Payable Compliance Banking Reconciliations 40