PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. Again, noted Fordyce, this can take many forms — from automating invoice reconciliation to addressing a user’s resource constraints.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

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. Accounting Responsibilities: Both the CFO and Controller collaborate on overseeing the annual audit, ensuring thoroughness and compliance. The CFO, however, looks at the bigger picture.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

PYMNTS

OCTOBER 8, 2019

Visa has teamed up with business expense management firm Payment Logic to support the use of commercial cards in accounts payable for Australian businesses. The solution supports integration into businesses’ existing accounting and bookkeeping platforms and will make use of Visa’s existing global network and security capabilities.

Accounts Payable 57

Accounts Payable Reconciliations Accounting Startups 57

PYMNTS

DECEMBER 29, 2020

With the pandemic forcing accounts payable (AP) and accounts receivable (AR) departments to hit the gas on their digitization roadmaps, finance leaders are grappling with an accelerated pace of change that can, at times, be overwhelming. “We They have to collect payments and can’t do so efficiently by going into the office.”.

B2B 82

B2B Accounts Payable Invoicing Reconciliations 82

PYMNTS

JANUARY 28, 2021

This week's look at the convergence between accounts receivable (AR) and accounts payable (AP) finds this tactic expanding in the corporate card arena, while another FinTech aims to boost cross-border payment traceability for both payer and payee. iBanFirst Boosts Payment Visibility For Buyers, Suppliers.

Accounts Payable 61

Accounts Payable Reconciliations B2B Accounting 61

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

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. Firms looking to strengthen their interactions with customers and vendors by adopting comprehensive, automated AP and ERP solutions are increasingly turning to cloud-based products in lieu of on-premises systems.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

PYMNTS

JULY 10, 2019

The service automatically extracts data from invoices, PDFs and other trade documents and automates accounts payable while storing payables information for reconciliation and accounting.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

JUNE 9, 2020

With accounts payable (AP) departments no longer able to step into their offices to print, sign and send checks, supplier payments quickly moved to the center of companies’ modernization discussions. But according to Anderson, there are other ways corporates can further mitigate the friction of modernizing accounts payable.

Accounts Payable 53

Accounts Payable Reconciliations CFO Accounting 53

PYMNTS

JUNE 16, 2020

Add accuracy and security to velocity and it makes a kind of “rule of threes” for the payments space today. In the June 2020 edition of The Gig Economy Tracker® done in collaboration with Tipalti , we find these traits, among others, defining innovation in accounts payable (AP) software. Manual Reconciliation, Begone.

Reconciliations 67

Reconciliations Invoicing Accounts Payable Auditing 67

PYMNTS

MAY 24, 2016

The firm revealed the rollout of its commercial payment solution, TSYS Virtual Payment Precept (VPP), a virtual payment tool for accounts payable and accounts receivable to streamline reconciliation and heighten risk controls in the B2B payments space, the company said.

B2B 41

B2B Securities Accounts Payable Reconciliations 41

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. One of the most critical factors in any decision is how secure a system is,” said Anderson.

B2B 52

B2B Accounts Payable Cash Flow Forecasting Reconciliations 52

PYMNTS

MAY 4, 2020

Office closures and remote working mandates have created an uncomfortable wakeup call for accounts payable (AP) and accounts receivable (AR) departments that continue to rely on manual, paper-based processes. For both sides, the transaction data of a virtual card payment means streamlined reconciliation and reporting.

Invoicing 66

Invoicing Accounts Payable Reconciliations B2B 66

PYMNTS

DECEMBER 24, 2020

For years — decades, even — B2B payment leaders and innovators had been talking about the digitization of corporate payments within accounts receivable (AR) and accounts payable (AP) departments. But for many organizations, this trend had been more talk than action.

B2B 113

B2B Accounts Payable CFO Reconciliations 113

Future CFO

MAY 15, 2022

Now, with remote and hybrid work commonplace, most invoices are delivered through employees’ and the finance team’s email accounts. A secure e-invoicing network that links a global ecosystem of business entities can come in handy. Businesses that want to drive accounts payable efficiency should take a closer look at PEPPOL.

Invoicing 52

Invoicing Accounts Payable SAP Finance 52

PYMNTS

OCTOBER 27, 2016

26) its latest tool, APConnector, as a way to automate and digitize accounts payable, while integrating that process into existing ERP systems. “APConnector removes a primary barrier to virtual card adoption: accounts payable system integration,” explained Bob Kaufman, U.S. The bank announced Wednesday (Oct.

Accounts Payable 62

Accounts Payable Reconciliations Treasury B2B 62

PYMNTS

SEPTEMBER 19, 2018

A robotics process automation (RPA) startup has just secured a $3 billion valuation as B2B FinTech continues to explore how the technology will disrupt the market. A press release issued Tuesday (Sept. 18) said CapitalG and Sequoia Capital led the $225 million Series C round for UiPath.

Valuation 57

Valuation Accounts Payable Reconciliations Startups 57

PYMNTS

JANUARY 30, 2020

These 16-digit credit card numbers are created for one-time purchases at set amounts, and the convenience, security and speed they provide are allowing them to take hold in the B2B payments space. The cards are also linked to checking or other payment accounts, and expire at designated times. How Security Drives Virtual Card Use.

B2B 71

B2B Invoicing Accounts Payable Reconciliations 71

PYMNTS

OCTOBER 17, 2017

17), Visa said it is tackling that issue through a new partnership with accounts receivable (AR) and cash management company Billtrust. Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

SEPTEMBER 23, 2019

Corporates have growing expectations for faster, more efficient and more secure B2B payments — whether their money is moving from one business unit to another or one country to another. Payments Speed and Security. As financial institutions gather for this year’s Sibos conference kicking off in London today (Sept.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

MAY 7, 2020

Although a recent uptick in B2B payments innovation has accelerated corporates’ migration away from the paper check, old habits die hard, and the legacy payment tool remains a mainstay in the accounts payable (AP) department. Preserving Check Workflows. The One-Off Payment Opportunity.

B2B 67

B2B Accounts Payable Reconciliations Accounting 67

PYMNTS

OCTOBER 14, 2020

Looking at Working Capital – and Security. Accounts payable and receivable used to be concrete, separate operations. He noted that companies such as KeyBank have been reaching out to educate enterprises on leveraging security solutions and improving defenses against fraudsters. Looking Ahead .

B2B 97

B2B Accounts Payable Reconciliations Economics 97

PYMNTS

JANUARY 14, 2020

In this sense, RTP may be seen as an integral part of wider efforts to streamline treasury and accounts payable operations, as well as shed the inefficiencies of manual and paper-based processes. In the latest report, however, six features were viewed this way, including fraud and security (78.3 percent in 2018.

Accounts Payable 53

Accounts Payable Reconciliations Construction Treasury 53

PYMNTS

APRIL 3, 2020

Accounts payable (AP) automation technology presents an obvious benefit to companies of all sizes and industries to boost efficiency and strategize vendor payments. A Payments Balancing Act. For LockerDome, Lewis explained that one of the most glaring areas of inefficiencies in AP processes is the supplier payment itself.

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

Spreadym

JUNE 19, 2023

Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. If shortfalls are projected, proactively develop strategies to address them, such as securing additional financing or adjusting expenses. Optimize Cash Flow: Identify opportunities to enhance your cash flow.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

PYMNTS

JUNE 14, 2017

They include virtual cards, accounts payable automation, data analytics and other capabilities, Visa said. Visa said Tuesday (June 13) in a news release that it is launching the Visa Ready Program for Business Solutions, a framework of solutions enabling companies to more quickly integrate Visa B2B payments tools.

B2B 44

B2B Accounts Payable Reconciliations Accounting 44

PYMNTS

JANUARY 29, 2020

Another major hurdle unique to the purchase-to-pay space is the process’s deep touch points with an array of other back-office functions within the enterprise, including vendor management, product sourcing, accounts payable, accounting, inventory management, contract management, manufacturing and distribution, and more.

Banking 52

Banking Accounts Payable Vendor Management Reconciliations 52

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.”. But what a commercial card can’t do as well as a virtual card is security.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

MAY 26, 2016

Tipalti is launching its first-ever, end-to-end solution for accounts payable departments on the heels of news that the company secured an integration of its supplier payment solutions into the NetSuite SuiteCloud platform.

Accounts Payable 41

Accounts Payable Invoicing Reconciliations Compliance 41

PYMNTS

DECEMBER 8, 2017

“We’re thrilled to match the quality of Beanworks’ accounts payable automation user experience with a very modern portfolio of payment services.”. They’ve told us that manual reconciliation and file transfer is no longer acceptable.

B2B 40

B2B Marketing Accounts Payable Reconciliations 40

PYMNTS

FEBRUARY 27, 2018

“Regardless of the reason, these methods can pose problems, including reduced spend visibility, making it difficult to both track and enforce policy compliance and to perform back-office functions, such as reconciliation and reimbursement as well,” said GBTA Foundation Director of Research Monica Sanchez in a statement when the report was published.

B2B 41

B2B Marketing Accounts Payable Reconciliations 41

PYMNTS

OCTOBER 10, 2017

“Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded. Similarly, Asia and Latin America are set to see a 13.2

B2B 49

B2B Reconciliations Invoicing Accounts Payable 49

PYMNTS

MARCH 29, 2018

Any FinTech operating in the procure-to-pay, vendor payments and accounts payable (AP) spaces can’t deny the fact that paper checks are a headache. With paper checks, of course, AP and accounts receivable (AR) professionals already have extra work in terms of manual data entry, reconciliation, fraud prevention and more.

B2B 43

B2B Accounts Payable Reconciliations Securities 43

PYMNTS

JANUARY 19, 2017

Doing so, they say, means they get paid faster and more securely, making it worth the cost associated with card acceptance. Virtual cards are more secure, enabling a buyer to pay using a VCN for a specific amount of money at a specific time — making it more difficult for fraudsters to steal that number to purchase whatever they want.

B2B 46

B2B Accounts Payable Reconciliations Securities 46

PYMNTS

JANUARY 26, 2017

“Processing corporate payments as peer-to-peer, directly on blockchains, gives for instant settlement and, therefore, real-time reconciliation and accounting,” the company said. Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too. A Realistic Approach.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

DECEMBER 4, 2017

He likened his firm to a bridge between the accounts payable and receivable worlds as it relates to credit card usage and acceptance. The problem is, card issuers, in their quest to secure new business, often build what Leavitt referred to as “bells and whistles” designed to differentiate their virtual card platforms.

B2B 40

B2B Invoicing Reconciliations Accounts Payable 40

Centage

SEPTEMBER 6, 2022

While there are many alternatives to spreadsheets, some organizations still consider them an important part of their accounting procedures. The familiarity of spreadsheets and their ease of use mean many employees are happy to keep working with them, even though they may create serious security risks.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98