PYMNTS

AUGUST 9, 2017

That’s because these companies are often working onsite and in the field, therefore having to issue invoices and accept payment on-the-spot, too. are sitting on $825 billion in unpaid invoices, with the average small- to medium-sized business (SMB) owed $84,000. Fundbox researchers estimated that small businesses in the U.S.

Invoicing 45

Invoicing Advertising Cash Management Securities 45

PYMNTS

MARCH 4, 2020

APIs can become major targets for hackers and fraudsters, however, and businesses need to step up their API security in response. Banking services and money transfer app Revolut recently partnered with an open banking API provider to provide new services to account holders, for example. Around The B2B API World.

Treasury 96

Treasury B2B Cash Management Leverage 96

PYMNTS

OCTOBER 25, 2017

Countingup , a FinTech that aims to combine and streamline corporate banking and accounting for small- and medium-sized businesses (SMBs), secured fresh funding this week, according to news from TechCrunch. Fouracre told the publication that it will also provide VAT returns, invoice generation, reporting and other features. “If

Accounting 44

Accounting Banking Invoicing Construction 44

PYMNTS

DECEMBER 12, 2017

That’s the status quo in corporate payments, and it’s not only creating friction for the business payer; it’s creating headaches for small business (SMB) accounting too. He recently told PYMNTS that small business accountants are much like their clients in the way they make and receive payments.

Accounting 44

Accounting Cash Flow Forecasting B2B Invoicing 44

CFO Simplified

MARCH 11, 2024

But as they grow, that admin is now doing their accounting without much more than a YouTube tutorial on QuickBooks. And we also see the opposite, where a CFO has the title of CFO/Office Manager, and is even relegated to ordering office supplies. Their IOLTA account needs to be balanced and managed to the penny.

Profit and Loss 52

Profit and Loss CFO Risk Management Invoicing 52

Future CFO

DECEMBER 11, 2023

Suppliers can embed real-time payment instructions in customer communications to simplify invoice processing. Real-time payments also mean account balances stay up-to-date. Villanueva attributed this to the convenience, transparency, and security of the process.

Banking 98

Banking Finance CFO Leverage 98

PYMNTS

NOVEMBER 9, 2020

Accounts payable (AP), accounts receivable (AR) and other capital management workflows are also not immune to pandemic-related struggles. One study found that 74 percent of accounting staff reported pain points when manually processing invoice data, for example, with 68 percent citing manual invoice routing as their top concern.

Accounts Payable 52

Accounts Payable Forecasting Invoicing Leverage 52

Future CFO

DECEMBER 6, 2021

With the disruption of the global supply chain and the economic slowdown, companies’ finance departments are under more pressure to optimise their cash conversion cycle. In the past 18 months with the onset of the COVID 19 pandemic, International SOS, which delivers health and security services has been automating its cash collection process.

Invoicing 52

Invoicing Cash Management Treasury Finance 52

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. Faster processes, less complexity, heightened security — it seems like a no-brainer.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

MAY 19, 2017

WannaCry’s explosive impact on the industry has enterprise security on everyone’s mind, and this startup is now a unicorn because of that attention, closing $100 million in Series D financing. Find out which startup landed the cash, along with the other B2B startups that saw their share of investments this week, below. Cash Management.

B2B 61

B2B Investments B2C Cash Management 61

PYMNTS

NOVEMBER 16, 2018

RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. Automation Anywhere. Existing backers, such as Xavier Niel, also participated in the funding.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

Reval

JUNE 13, 2017

According to Kerry Logistics Group Treasurer Eddie Mak, Kerry’s previous spreadsheet and paper-based invoicing process for tracking and reconciling intercompany transactions took much manpower for little gain. “We Securing this award is an outstanding example of a treasury department generating a great ROI and becoming more strategic.

Foreign Exchange 52

Foreign Exchange Treasury Cash Management Risk Management 52

PYMNTS

JUNE 22, 2020

Enabling employees to work remotely during the COVID-19 pandemic has sent a wake-up call to companies that their old-school accounts payable (AP) practices will not cut it in the new economy. The right choices can keep suppliers satisfied while helping buyers address their own cash management concerns.

Accounts Payable 56

Accounts Payable Invoicing Banking Cash Management 56

PYMNTS

DECEMBER 11, 2019

Those pain points expand far beyond the retailer’s walls, too, as these businesses are forced to figure out how to utilize high volumes of cash to make payments to their B2B suppliers. Orders are placed and shipped, and a paper invoice is generated, with retailers using legacy payment strategies to settle those bills.

B2B 52

B2B Invoicing Accounts Payable Compliance 52

PYMNTS

FEBRUARY 14, 2017

Mastercard struck a deal to help automate the accounts payable process for businesses in the United Arab Emirates , reports said Sunday (Feb. Together, the companies rolled out a cloud-based invoicing and B2B payment solution aimed at helping business users better manage cash flow. ”

Accounts Payable 40

Accounts Payable B2C B2B Invoicing 40

PYMNTS

JUNE 21, 2018

The stats indicate key areas in which professionals say they are increasing awareness and use of digital solutions to make accounts payable and accounts receivable processes faster, more streamlined and more secure. More than half noted that invoice and payment automation are also highly prioritized within their organizations.

Accounts Payable 44

Accounts Payable B2B Invoicing Prioritization 44

PYMNTS

OCTOBER 31, 2019

One of their biggest benefits for users is not only its ability to offer a secure location in which to receive paper checks; the lockbox is also critical to receiving documentation about a transaction. Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms.

Reconciliations 43

Reconciliations Invoicing B2B Treasury 43

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

PYMNTS

SEPTEMBER 19, 2017

It used a “packing” technique to compress code with encryption to evade Google’s security filters. Google and Intuit have teamed up to boost Australian small and medium-sized businesses (SMBs) with cash management. The idea is to offer more payment options to consumers while creating a more secure online checkout for merchants.

Invoicing 40

Invoicing Cash Management Manufacturing Securities 40

PYMNTS

OCTOBER 1, 2020

At a high level, said Disque, the embrace of automated accounts payable (AP) processes has been consistent across verticals. These are the individuals (and families) who have become incrementally more comfortable with the security protocols that have been put in place at various hotels and other venues.

Accounts Payable 77

Accounts Payable Cash Management Construction Invoicing 77

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. When it comes to growth of virtual corporate card payments, we have seen and built a lot of momentum on the accounts payable side,” Hall said. “We In an announcement on Tuesday (Oct.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

MARCH 23, 2017

Receivable Savvy, an accounts receivable and order-to-cash management firm, wants suppliers to see Same Day ACH as an opportunity to bolster cash flow. Its 2017 Perceptions Study found that 80 percent of B2B supplies said their number one issue in accounts receivable is to receive payment faster.

B2B 54

B2B Invoicing Reconciliations Education 54

PYMNTS

APRIL 12, 2016

Making sure the books add up properly is key to keeping their legal nonprofit status, and that means cash management is paramount. But what a commercial card can’t do as well as a virtual card is security. Speaking of the AP professional, that’s the third benefit: streamlined accounts payable processes.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

MARCH 7, 2016

As soon as the job has been completed, the field technician issues an invoice electronically via a connected smart device,” he said. The customer can then make a ‘live,’ secure online payment by entering their card details into the smart device.”. The device is synced into the IntegraPay network to then process those payments.

Invoicing 40

Invoicing B2C B2B Cash Management 40

PYMNTS

AUGUST 18, 2017

Israch said that tasks as far ranging as supplier management, invoice processing and regulatory compliance can be managed through Tiaplti’s AP Hub. Tipalti’s vision is to free the finance and payments team from the minutiae and complexity and risk involved in today’s accounts payable and supplier payments workflow,” Israch said.

Accounts Payable 46

Accounts Payable Invoicing Compliance Auditing 46

PYMNTS

APRIL 18, 2016

” There are the obvious sources of information being handled by cross-border business partners, he noted, like invoices and purchase orders. For instance, while invoices are connected to cross-border B2B payments, that exchange of data doesn’t always result in the understanding of that data. Payments And Data Become One.

Foreign Exchange 40

Foreign Exchange Invoicing B2B Accounts Payable 40

BlueLight

JULY 30, 2020

My motivation was to understand the responsibility of the CFO suite, the process of billing to accounting, and the software tools available to run an effective finance office. I interviewed 50 people that held CFO, finance manager, and financial analyst type roles. One is accounting: you need this done properly to inform the next two.

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

PYMNTS

DECEMBER 31, 2020

From the back-office bean counter to the overseer of cybersecurity and anti-money laundering (AML) compliance, the modern corporate treasury has undergone an extreme makeover in recent years that goes well beyond its historic roots in cash management. According to J.P. Just a few weeks after the U.S.

Healthcare 115

Healthcare B2B Foreign Exchange Treasury 115

PYMNTS

MARCH 1, 2016

seeing the greatest value of investments — with China and Germany also securing massive deals, too. SoFi led the charge securing a $1 billion Series E round last August, just months after a $213 million round. Citi Ventures supported B2B FinTech companies like invoice financer C2FO, while iwoca got support from CommerzVentures.

B2B 40

B2B Foreign Exchange Accounts Payable Startups 40

Future CFO

FEBRUARY 10, 2021

said Michelle Quek , vice president, Business Operations and Finance at Ensign Info Security. Technology also helped International SOS implement an AI-enabled OCR solution during the pandemic and enabled digital invoicing from hospitals and clinics. We replaced our entire treasury system in five months remotely,” he described. “We

CFO 52

CFO Finance Auditing Treasury 52

PYMNTS

JUNE 13, 2016

TD Bank Head of Corporate Products and Services Rick Burke said corporate treasurers need to begin a dialogue with their banks and financial services partners to integrate adequate security controls within their corporations. 88% of finance professionals anticipate a rise in payments fraud , said TD Bank in its latest analysis.

Accounts Payable 41

Accounts Payable Corporate Finance Treasury Invoicing 41

Future CFO

APRIL 6, 2022

Accounts receivables measure the money that customers owe to a business for goods or services already provided. Analysing a company's accounts receivable will help investors gain a better sense of a company's overall financial stability and liquidity. A strategic priority for cash & credit management.

Invoicing 98

Invoicing Finance CFO Accounting 98

PYMNTS

AUGUST 5, 2019

2), ePayRails said it secured $2.45 million in Series A funding led by Aspire Fund Management, which provided $2 million. ePayRails also offers businesses API integrations with their ERP systems, and enables firms to customize how they pay invoices based on which vendor they are paying. In a press release Friday (Aug.

B2B 40

B2B Startups Securities Accounts Payable 40

PYMNTS

OCTOBER 10, 2019

AP departments are central to reviewing and approving invoices to ensure payments are made on time, but recent analysis suggests that many such offices use inefficient, old-school practices that can cause invoice approvals and payments to stall. Automating the Invoice-to-Pay Process . percent for all payment methods.

Invoicing 46

Invoicing Accounts Payable Cash Management Accounting 46

PYMNTS

SEPTEMBER 17, 2018

The handwritten invoice he left with my cushions included his name, his mobile phone number and the payment methods he accepted: cash or check. The invoice amount was less than $500. When I got the invoice, I panicked a little. He has a PayPal account, so that’s how I’ll pay him today. The product was exceptional.

Invoicing 78

Invoicing Accounting Banking B2B 78

PYMNTS

JULY 3, 2019

Cash flow is a fickle beast for any organization, but in the healthcare sector, bottlenecks and friction points are aplenty thanks to issues like late patient payments, insurance payouts and negotiations, and refunds. The most efficient way to expand days cash on hand, he said, is to slow money going out — and to do it strategically.

Accounts Payable 46

Accounts Payable Healthcare Invoicing Compliance 46

Bramasol

DECEMBER 13, 2021

This is another subject that we've been tracking closely and have addressed in a recent blog on Carbon Accounting Compliance. As a specific subset within broader Environmental, Social and Governance (ESG) reporting, carbon accounting has been the subject of much discussion, both by accounting bodies and governmental policy makers.

SAP 52

SAP Compliance Profit and Loss IFRS 52