PYMNTS

JULY 22, 2020

While other departments may have abandoned manual, paper-based strategies years ago, accounts payable (AP) and finance departments held their ground on practices that seem to have changed little since the 1970s. where they account for 75 percent of all invoices. However, in the wake of COVID-19, that may no longer be an option.

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Accounts Payable Accounting Invoicing B2B 60

PYMNTS

JULY 3, 2019

Cost containment solution provider Palmarius Advisors is rolling out an accounts payable (AP) automation solution designed to generate revenue and enhance spend control for corporate users. The company did not reveal details on how it mitigates accounts payable fraud or introduces business users to a new revenue stream with its tool.

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Accounts Payable Accounting Invoicing Reconciliations 40

PYMNTS

MARCH 21, 2019

Zion Market Research released a report about the accounts payable software market on Wednesday (March 20), estimating the market will reach about $1,567 million by 2025, according to a release by the company. The global accounts payable software market is segmented on the basis of type and application.

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Accounts Payable Accounting Marketing Startups 52

PYMNTS

AUGUST 12, 2019

In a press release last week, Compeat said Compeat Pay automates vendor payments by using virtual cards, ACH and check payments to enhance the security of accounts payable. The tool generates a one-time virtual card number to promote security, while working with suppliers to accept that card. “It’s

Accounts Payable 43

Accounts Payable Accounting Securities Banking 43

Future CFO

APRIL 21, 2021

So, what does the New Accounts Payable department look like? The new accounts payable department has a more intense focus on cash flow and payment terms and takes a more disciplined approach to its financial processes to work toward optimising the cash conversion cycle. Optimizing cash flow. DOWNLOAD NOW.

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Accounts Payable Accounting Invoicing Finance 40

CFO Share

APRIL 11, 2024

But many fear remote bookkeeping exposes them to security risks – hackers, fraudsters, and embezzlement – especially if the virtual bookkeeping solutions use employees in foreign countries. Bookkeeping security risks are always a valid concern, especially since internal staff perpetrate 57% of small business fraud.

Securities 52

Securities CFO Auditing Education 52

PYMNTS

OCTOBER 5, 2016

Today, accounts payable firm MineralTree announced a collaboration with Visa with a goal of helping corporates pay their suppliers by virtual card. Krishna said MineralTree and Visa have accounted for this by integrating a supplier enrollment and onboarding capability onto their solution.

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Accounts Payable Accounting B2B Invoicing 73

PYMNTS

MARCH 10, 2017

The company said this week that it will roll out an accounts payable solution using a virtual card payment method, a solution, Edenred noted, that “offers security, speed and traceability” for easier supplier payments and reconciliation.

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Accounts Payable Accounting Reconciliations Finance 55

PYMNTS

MARCH 10, 2020

To enhance our product in a simple, connected and secure way, we are partnering with recognized industry experts. “We are delighted to have Esker on our side with this new functional component offered to our customers in the Cegid XRP Flex Marketplace,” Leenhardt said. “To

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Accounts Payable Accounting Invoicing Technology 69

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. The latter are faster, more efficient, easier to use, more secure, cheaper — and essential to transform AP departments from cost centers to revenue centers.

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Accounts Payable Accounting Invoicing Benchmarking 44

The Charity CFO

APRIL 1, 2024

Implementing technology into your nonprofit accounting process can help solve a variety of issues—from tracking receipts to properly recording donations. In most cases, technology helps improve the efficiency and accuracy of nonprofit accounting. A good technology solution addresses each of your nonprofit accounting concerns.

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Nonprofit Accounting CFO Accounts Payable 52

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.

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Accounting Compliance Accounts Payable Budgeting 52

PYMNTS

MAY 10, 2017

CSI globalVCard said Tuesday (May 9) that it struck a partnership with Visa to integrate Visa Payables Automation into the CSI globalVCard pay system Payables platform, enabling issuers of Visa cards to link their own corporate customers to the combined accounts payable offerings of both Visa and CSI globalVCard.

Accounts Payable 43

Accounts Payable Accounting Benchmarking Reconciliations 43

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on their core responsibilities. What is the actual goal in a nonprofit accounting setup?

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Nonprofit Accounting CFO Auditing 52

PYMNTS

FEBRUARY 6, 2018

Most companies today have at least some kind of automation in place within the accounts payable (AP) department. Automation in accounts payable can go a lot further, though, he said. Shannon said Dolphin’s own research into this issue led to a glaring need for enhanced AP security. Technology for Technology’s Sake.

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Accounts Payable Accounting Invoicing Analyzing Data 40

CFO Network

MARCH 11, 2024

Accounts Payable Management: Ensuring Timely Payments Another critical aspect of cash flow management is managing accounts payable effectively. Neglecting accounts payable can result in missed payments, damaged vendor relationships, and even disruption of essential supplies or services.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Invoicing Forecasting 52

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

PYMNTS

APRIL 16, 2020

The COVID-19 pandemic is putting accounts payable (AP) department practices to the test. Businesses are doing their part by having employees work from home, but some companies are struggling to keep operations secure as opportunistic fraudsters aim to take advantage of the pandemic’s disruption.

Securities 52

Securities Accounts Payable Healthcare Invoicing 52

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

PYMNTS

DECEMBER 10, 2020

Balancing Consumerization With Security. Second, they need transaction security and control. It's essentially a central payment account that CFOs have control of," said Barker. "So According to Phalen, Visa and Conferma Pay 's newest offering aims to meet three key needs. And finally, they need efficiency. The Need For Speed.

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Securities B2B Accounts Payable Prioritization 106

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.

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Accounting Finance Cash Flow Forecasting CFO 52

PYMNTS

AUGUST 7, 2020

Legacy payment options like paper are getting nudged out by faster better methods like credit cards, which are more cost-effective for buyers’ accounts payable (AP) teams to send and quicker for suppliers’ accounts receivable (AR) professionals to receive. Configurable And Secure For Remote Treasury.

Accounting 72

Accounting B2B Accounts Payable Treasury 72

PYMNTS

DECEMBER 23, 2019

India-based accounts payable automation company Finly has announced new funding as it plans to expand its B2B product offering, reports in YourStory said Monday (Dec. Veekshith Rai, Finly chief operating officer and co-founder described Finly’s strategy to differentiate itself in India’s growing B2B FinTech market.

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Startups Accounts Payable Securities B2B 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.

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Accounts Payable Cash Flow Forecasting Prioritization Invoicing 123

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. Lack of Security Features.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

PYMNTS

DECEMBER 13, 2020

Paymerang , which works in accounts payable (AP) automation, has debuted its new Invoice Automation Solution, which a press release stated will help organizations with efficiency, accuracy, visibility and getting rid of manual paper processes. The company recently debuted the new service at the Collegiate School in Richmond, Virginia.

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Invoicing Accounts Payable Risk Management Budgeting 112

CFO Share

FEBRUARY 23, 2024

Streamlining Cash Receipts Efficient management of accounts receivable is pivotal to achieving small business cash flow optimization. Managing Vendor Payables Strategically Strategic management of accounts payable is another key aspect of optimizing cash flow in small businesses.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Invoicing Prioritization 52

PYMNTS

APRIL 24, 2020

bank technology firm securing $100 million to expand in the region. Plus, an accounts payable technology company announced a $127 million equity round. The investment is part of KarbonCard’s seed round, which secured another $1 million last month. This week, Southeast Asia is in the spotlight, with one U.S.

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B2B Accounts Payable Startups Invoicing 77

https://trustedcfosolutions.com/feed/

JULY 19, 2022

QuickBooks is recognized for being a great basic accounting tool, and it is used by a lot of small businesses because it is user-friendly and affordable. Still, it is not an accounting solution that can handle business processes apart from financials. Sage Intacct is a cloud-based accounting solution that offers much, much more.

Accounts Payable 113

Accounts Payable Auditing Compliance Accounting 113

Future CFO

JANUARY 10, 2024

That is why collaborating with an experienced payment partner who can deploy advanced digital security features such as encryption and multi-factor authentication can be proven a big help. This standardisation serves as a safeguard against the redirection of funds to unauthorised accounts.

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Accounts Payable Invoicing Financial Systems Accounting 52

PYMNTS

OCTOBER 16, 2020

Venture capital funding landed at startups focused on accounts payable (AP) and cybersecurity this week — with one payables startup raising $23 million in funding. Venture capital funding landed at accounts payable (AP) and cybersecurity technology firms, among other innovators that raised money this week.

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B2B Accounts Payable Management Consulting Startups 69

Future CFO

JANUARY 1, 2024

Respondents which comprise director-level and above, in finance or accounting roles , as well as the primary decision makers for digital transformation in companies in Australia, the UK and the US, cited financial performance and growth as top IT investment drivers amid the current market situation.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) CFO Accounts Payable Manufacturing 52

Future CFO

OCTOBER 21, 2021

Accounts payable, transaction processing, and bank statement processing are the top three priorities in terms of business workflow automation , according to a global survey of 800 executives by Kofax. Survey highlights. Executives indicated that automating the following functions are providing the greatest benefits, Kofax noted.

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Accounts Payable Data Analysis Invoicing Compliance 59

PYMNTS

APRIL 3, 2019

Business payments company Bill.com has secured unicorn status and launched a partnership with Mastercard to accelerate accounts payable for joint business customers. Virtual cards are more secure and provide transparency into cash in-flows and out-flows, which is critical to the growth of all small businesses.”

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Accounts Payable Valuation B2B Invoicing 73

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. Banks often have the advantage of more robust security and anti-fraud measures, which can benefit FinTechs through partnerships.

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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.

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CFO Accounts Payable Financial Analysis Auditing 52

PYMNTS

SEPTEMBER 11, 2017

Analysts and industry players generally have their bets set on ACH to help guide accounts payable toward electronic payments, and indeed, research suspects ACH payments will finally surpass paper checks in corporate payments (the Federal Reserve’s latest data found it already has). There is no manual handling of payment data.”.

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B2B Accounts Payable Invoicing Accounting 66