PYMNTS

JUNE 26, 2020

This challenge exists for professionals across the back office, but in business accounting, the lack of data integration and accuracy mean finance experts are spending valuable time correcting information and moving numbers from one platform to another. All of these things require reliable data in real time.”

Accounting 52

Accounting Cash Flow Forecasting Invoicing Prioritization 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. Achieving real-time data analytics is a lofty goal for organizations without the proper tools. Many Moving Parts.

Accounts Payable 123

Accounts Payable Cash Flow Forecasting Prioritization Invoicing 123

PYMNTS

MARCH 20, 2020

Open banking’s impact on small- to medium-sized businesses (SMBs) continues to proliferate as traditional financial institutions (FIs) embrace the opportunity to unlock data for third-party platforms. ’s experience is quickly influencing the way SMB lenders approach open banking in other markets like the U.S. .’s

Banking 93

Banking Finance Risk Management Invoicing 93

PYMNTS

JANUARY 5, 2020

Digital bookkeeping platform Receipt Bank notched approximately $73 million in equity and debt in a Series C funding round, according to an announcement by global investment bank Harris Williams. small business lender and commercial card company Capital on Tap was working with Receipt Bank to roll out the Receipt Bank Card.

Banking 52

Banking Invoicing Investments Financial Data 52

PYMNTS

JANUARY 13, 2020

Federation of Small Businesses (FSB) has released the results of a survey of small to medium-sized businesses’ (SMBs) embrace of open banking two years since the framework took hold and discovered that SMBs continue to distrust lenders. The FSB surveyed 1,000 SMB owners about their data sharing habits. According to reports Monday (Jan.

Banking 52

Banking Invoicing Financial Data Accounting 52

PYMNTS

MARCH 12, 2019

For proponents of open banking , the regulatory initiative seen in the U.K. While policymakers target protection and customer ownership of data, one of the most prominent selling points for open banking is the ability for data to move seamlessly between once-siloed platforms. But in jurisdictions like the U.S.

Mergers and Acquisitions (M&A) 73

Mergers and Acquisitions (M&A) Banking Invoicing Financial Data 73

The Charity CFO

MARCH 27, 2024

QuickBooks is a popular accounting software used by businesses and individuals nationwide. And you might be wondering if you can use QuickBooks for your nonprofit accounting. For-profit businesses often don’t have to follow the strict accounting rules of an exempt organization. Nonprofits also need to record expense receipts.

Nonprofit 40

Nonprofit Accounts Payable Compliance Invoicing 40

https://trustedcfosolutions.com/feed/

MARCH 26, 2023

This includes bank statements, invoices, receipts, and other documents retaining financial data. Reconcile accounts: Once you’ve reviewed all transactions, you’ll need to reconcile and account for all transactions. Make sure everything is accurate and there are no discrepancies.

General Ledger 62

General Ledger Accounting Invoicing Financial Data 62

PYMNTS

DECEMBER 1, 2020

B2B invoices generally take 37.4 APIs and accounts payable (AP)/accounts receivable (AR) automation are revving up the speed of money and financial data to a pace more in line with pandemic-era market demands. It’s making a major difference. Real-time payments are advancing … quickly in the U.S.,

Treasury 64

Treasury Accounts Payable B2B Invoicing 64

PYMNTS

NOVEMBER 29, 2018

Despite any possible reservations early on, large financial institutions (FIs) now appear to be going all in on Open Banking, with plans to introduce new revenue streams as a a result. The report, “It’s Now Open Banking, Do You Know What Your Commercial Clients Want From It?,” ” published Wednesday (Nov.

Banking 56

Banking Financial Data Investments Cash Management 56

Spreadym

JUNE 19, 2023

Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. Implement efficient invoicing processes, offer incentives for early payments, and promptly follow up on overdue payments to minimize the risk of cash flow gaps.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

The Finance Weekly

NOVEMBER 20, 2023

AI integration in their FP&A function brings various positive outcomes: AI algorithms boost efficiency by swiftly handling large amounts of financial data, reducing the , risk of errors , and enhancing data integrity. Advanced AI solutions offer real-time analysis during data entry.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Cash Flow Forecasting Forecasting 52

PYMNTS

MARCH 11, 2020

Bectran, which works in B2B credit management for software-as-a-service (SaaS) programs, announced the release of its enhanced Cash Application solution, which will accommodate multiple data formats and financial data APIs, according to a press release.

Invoicing 52

Invoicing B2B Accounting Financial Data 52

PYMNTS

JANUARY 14, 2020

This complicated process can involve everything from accounting and invoicing software to bank accounts. Today’s financial institutions (FIs) no longer need to worry about solely addressing all their clients’ financial-related needs, however. Leveraging APIs For a More Convenient Workflow.

Cash Management 52

Cash Management Invoicing Accounting Leverage 52

PYMNTS

OCTOBER 26, 2018

This week, however, venture capital rounds were all about the small- and medium-sized business (SMBs), and how to address their biggest financial management pain points. raised venture capital for their SMB-facing tools, including global payments, accounting and banking. Businesses across Asia, South Africa, the U.K. GreenSlate.

Foreign Exchange 77

Foreign Exchange B2B Invoicing Startups 77

Spreadym

MAY 26, 2023

It helps automate and streamline the budgeting process by providing tools and features to input financial data, allocate funds to different categories, monitor expenses, and generate reports. Users can collaborate on budget plans, update and share information, and work together towards common financial goals.

Budgeting 52

Budgeting Forecasting Financial Modeling SAP 52

PYMNTS

JANUARY 16, 2020

Open banking and its promise of more elasticity in finance is enabled by application program interfaces (APIs) — lines of code that execute everything from simple peer-to-peer (P2P) transfers to industrial-sized B2B real-time payments. As the industry marks two years since open banking’s U.K. Open Banking Opens Up.

B2B 53

B2B Finance Cash Management Invoicing 53

PYMNTS

JANUARY 26, 2017

The solution is called Finlync SAP-DL Integrator , and the idea, said Finlync in an interview with PYMNTS, is that the ERP system is the central home to critical data like purchase orders and invoices, business partner payment information and the like. Blockchain and the distributed ledgers can eliminate international data fraud.”.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

FEBRUARY 19, 2018

But aside from a government mandate, Mattias Hansson, CEO and co-founder of Zervant , told PYMNTS there are major factors behind encouraging entrepreneurs to invoice their clients electronically. For electronic invoicing to gain traction, it cannot create new challenges for small businesses. Integration.

Invoicing 43

Invoicing B2B Securities Financial Data 43

PYMNTS

AUGUST 3, 2018

For much of the world, electronic invoicing is taking off — not only for the benefits it offers, like enhanced cash flow visibility, but largely because jurisdictions are implementing eInvoicing regulatory requirements to crack down on tax evasion. Data from FEDmanager estimates that of the 19 million invoices issued in the U.S.

Invoicing 40

Invoicing B2B Prioritization Accounting 40

PYMNTS

APRIL 26, 2019

Separately, in Ireland, the Independent reported that “hundreds of students are staring at the prospect of jail time” in the wake allowing fraudsters to use their financial accounts as mules. The students were complicit in the fraud, and reportedly accepted cash for their accounts to be used for the money laundering.

Invoicing 57

Invoicing Accounting Financial Data Banking 57

PYMNTS

MAY 21, 2018

Small business invoice financing platform Fundbox is targeting the events industry through a new partnership with Eventbrite. Fundbox underwrites financing using financial data of customers using Eventbrite, including sales history. According to U.S.

Finance 46

Finance Invoicing Entertainment Leverage 46

PYMNTS

JULY 23, 2020

In accounts payable, you have to get the payments out and you have to print and mail checks. You want to be able to onboard [new vendors] into your system to be able to accept electronic payments, so the very first invoice is paid electronically. That means staff is going into the office. New Opportunities, New Risks.

Accounts Payable 60

Accounts Payable Invoicing CFO Accounting 60

PYMNTS

DECEMBER 14, 2018

This week’s B2B venture capital roundup includes a slew of companies experimenting with enterprise data use cases. They include Internet of Things (IoT)-connected manufacturing machines, cross-platform financial data analysis, predictive analytics for inventory management and more. In all, more than $87.8

B2B 51

B2B Startups Treasury Financial Data 51

PYMNTS

MARCH 27, 2020

open banking may be able to change that. While open banking FinTech innovation has initially focused on opening up bank account data to third party platforms, there is another component to the initiative with major implications for the payments landscape. Opening The Door To QR Codes.

B2B 60

B2B Banking Securities Accounting 60

PYMNTS

MAY 25, 2016

If you think of the rise of corporate America over the last century, the function of the accounts payable department probably doesn’t come to mind as one of the main players. In an age of disruption, innovation and near-constant change, accounts payable has become a way for businesses to retain control and strategy.

Accounts Payable 46

Accounts Payable Invoicing Prioritization Accounting 46

PYMNTS

SEPTEMBER 8, 2016

In Brisbane, Xero announced that it has partnered with Macquarie Bank to build out the BPAY payments technology and functionality, to launch initially with Macquarie’s DEFT (to bill customers) and with EFTPOS provider Tyro (to pay suppliers). Fuelled is slated to offer funding secured against unpaid invoices.

Invoicing 40

Invoicing Financial Data Banking Accounting 40

PYMNTS

AUGUST 4, 2016

Primarily, Reckon provides small and medium-sized enterprises with cloud accounting solutions, but now, it’s utilizing the data it has about small businesses to its advantage by partnering with alternative lending company Prospa to underwrite loans to its SME users. “This is transforming the credit risk analysis process.

Invoicing 40

Invoicing Finance Risk Analysis Credit Risk 40

PYMNTS

FEBRUARY 5, 2018

The discussion around sharing financial data today is most often in reference to major industry happenings, like PSD2, Open Banking and the sudden influx of APIs in the financial services space. “Stand-alone businesses are concerned with their own financials,” he said. ”

Finance 43

Finance Financial Data Invoicing Communication 43

PYMNTS

DECEMBER 7, 2017

It’s not hard to understand why the medium, small and micro-business owners of Canada would appreciate Interac e-Transfer , which enables them to send or receive funds instantly, directly from or to their bank account, as well as request payments from customers — minus the awkward face-to-face element of asking someone for money.

Invoicing 40

Invoicing Banking Accounting Leverage 40

PYMNTS

DECEMBER 13, 2017

A few bank scandals and research highlighting smaller companies’ frustrations with traditional financial institutions (FIs) have ushered in a wave of challenger banks in the U.K., The latest is Starling Bank, a U.K. challenger bank that positions itself as a mobile-first company.

Banking 40

Banking Securities Finance Financial Data 40

PYMNTS

JUNE 28, 2019

The $1 million in Seed funding for India-based Recko will help the firm grow its payments reconciliation solution for companies in the banking, lending, insurance, eCommerce and telecom industries. New York-based Ocrolus provides lenders and other financial service providers with technology to analyze and accelerate their financial decisions.

Valuation 43

Valuation Reconciliations B2B Startups 43

PYMNTS

FEBRUARY 10, 2017

Enterpay enables businesses to pay without credit cards when making purchases online using invoice data, reports said. Rippleshot uses machine learning and data analytics to provide fraud detection solutions to banks and other financial service providers. Alternative Lending. Capital Float. Securing more than $2.5

B2B 51

B2B Startups Securities Investments 51

The Finance Weekly

APRIL 13, 2024

Conversely, business finance software caters to the more complex financial needs of businesses, offering tools to track income and expenditure, generate financial reports, and handle accounts receivable and payable effectively. Contact Their sales team for a custom quote.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

PYMNTS

JANUARY 18, 2021

With more digital banking options emerging on the U.S. market, FinTechs are turning their attention to the business community, whose demands for a better banking experience are growing louder. The advancement of enterprise digitization has given rise to a deeper understand of the importance of financial data for business leaders.

Accounts Payable 66

Accounts Payable Banking Invoicing Corporate Finance 66

Future CFO

FEBRUARY 10, 2021

Technology also helped International SOS implement an AI-enabled OCR solution during the pandemic and enabled digital invoicing from hospitals and clinics. Data trust or integrity is another rising challenge. Coincidentally, Tan noted that the CFO teams need talent who “know how to monetize data.”

CFO 52

CFO Finance Auditing Treasury 52

PYMNTS

FEBRUARY 22, 2017

Basel III is a set of voluntary rules that impact banks’ risk management and capital requirements, among other things, and could lead to corporate challenges in accessing bank financing. The banking sector is moving away from offering a simple, straightforward view via statements and transaction data, Cashfac noted.

Accounting 54

Accounting Banking Cash Management Compliance 54