article thumbnail

The Cash Flow Connection To Accounts Receivable

PYMNTS

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. But that data is siloed and often unstructured. The AR-Cash Flow Connection. The AR-Cash Flow Connection. The Financial Consequences.

article thumbnail

The 7 Critical Finance Software for Your Companies Tech Stack

The Finance Weekly

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Right (And Wrong) Way To Give Accounts Payable A High-Tech Overhaul

PYMNTS

Most companies today have at least some kind of automation in place within the accounts payable (AP) department. Even when invoices flow in as paper documents, organizations are using electronic solutions or optical character recognition (OCR) tools to process those bills for payment. Technology for Technology’s Sake.

article thumbnail

How Data Guides A New Era For The ERP

PYMNTS

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.

article thumbnail

Tradeshift Taps Genpact To Broaden AP Automation Offerings

PYMNTS

Genpact will provide artificial intelligence , machine learning, robotic process automation, analytics and other technologies, while Tradeshift will connect joint customers to enterprise apps to support digitization and automation of accounts payable, procurement and supplier management operations for streamlined procure-to-pay.

article thumbnail

FICO’s Procurement Fraud Tool Lands On Amazon Web Services

PYMNTS

The tool analyzes data from T&E expenses, purchase orders, invoices, payment requests and card spend. “In Falcon Assurance Navigator integrates with companies’ existing procurement and expense management systems to identify wasted spend and fraudulent transactions.

article thumbnail

Reverse Factoring Intensifies The B2B Late Payments Debate

PYMNTS

The Big Four auditing firms — EY, Deloitte, KPMG and PwC — have recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are debt.

B2B 40