PYMNTS

FEBRUARY 5, 2020

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

JULY 28, 2020

This month’s Deep Dive examines how eCommerce platforms can appeal to merchants worldwide by catering to sellers’ preferences and tailoring their compliance approaches to different locations. . Domestic Seller Currencies. Sellers can also struggle to swiftly reconcile payments in currencies that do not match those listed on invoices.

Marketing 63

Marketing Currencies eCommerce Compliance 63

PYMNTS

JANUARY 27, 2020

The fact that federal agencies – namely the Bureau of Labor Statistics (BLS) – still refer to gig workers as “contingent workers” involved in “non-primary work” underscores how far behind this megatrend government accounting has fallen. It’s anybody’s guess how gig economy market dynamics will shake out at this point.

Accounts Payable 88

Accounts Payable Invoicing Compliance Currencies 88

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

FEBRUARY 21, 2020

As a result, understanding whether a contract is in compliance, and how to compensate that payer, can be a maze of complexity and uncertainty. As those partnerships expand across borders, the added difficulty of managing foreign currency conversions and mitigating FX risk can quickly overwhelm AP departments.

B2B 65

B2B Accounts Payable Invoicing Advertising 65

CFO Talks

MARCH 28, 2023

CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. and join our community of accounting and finance executives. Is the role of accountants different in the two countries?

Math 52

Math CFO Communication Accounting 52

PYMNTS

MAY 18, 2017

Many payment providers are set up to aid transactions on a low value, low volume basis, Althaus said, “but as the size of cross-border payments gets into the thousands, tens of thousands and hundreds of thousands of dollars, this opens up a whole other level of complexity from the view of compliance” and the process of moving money.

Invoicing 59

Invoicing B2B Reconciliations Currencies 59

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. UnionBank has introduced digital account opening , expanding its reach to people as they no longer need to go to physical branches to open an account.

Banking 98

Banking Finance CFO Leverage 98

PYMNTS

SEPTEMBER 16, 2019

Consumers do not want to encounter any friction when it comes to reoccurring payments, whether that means merchants not accepting their preferred payment method or going through the hassle of currency conversion. The move will let HubSpot clients better view and generate invoices, enabling faster payments and transactions.

Currencies 49

Currencies eCommerce Invoicing Compliance 49

PYMNTS

JUNE 17, 2020

For joint business customers, the ability to make payments via BNP Paribas virtual cards from within the Coupa Business Spend Management platform aims to streamline the supplier payment process and promote compliance by automatically submitting virtual card information to authorized vendors.

Reconciliations 67

Reconciliations Accounts Payable Risk Analysis B2B 67

PYMNTS

MARCH 16, 2018

Transparency is key, but often is lacking – in part because of far-flung parties, which include both sides of a transaction (buyer and seller, of course) that may be operating across time zones, languages and currencies. To that end, bBiller seeks to take out the “middlemen” of supply chain activity tied to finance and accounting.

Invoicing 49

Invoicing SAP Manufacturing Construction 49

PYMNTS

FEBRUARY 28, 2018

The whole point of startups is to do things differently than mainstream players, and that is exactly what these companies are doing with automation, interoperability and digital currency initiatives. A PO matching process ensures a PO has already been established and approved for the vendor before an invoice is even received.

Startups 40

Startups Currencies Accounts Payable Invoicing 40

PYMNTS

MARCH 16, 2017

Althaus explained that, across industries and across company size, businesses essentially experience the same pain points of international accounts receivable: visibility, speed, cost, complexity and compliance. Sometimes it’s the fact that maybe an invoice was short-paid. It could happen for a variety of reasons,” said Althaus.

B2B 43

B2B Marketing Compliance Invoicing 43

PYMNTS

APRIL 30, 2020

These platforms enable merchants to integrate with a variety of localized payment methods and also receive services that support payments analysis, regulatory compliance and more. Today, we offer 22 different payment methods and accept eight different currencies to meet local preferences.”.

eCommerce 52

eCommerce Invoicing Compliance Communication 52

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange. DadeSystems.

Startups 43

Startups Compliance Accounts Payable Invoicing 43

PYMNTS

NOVEMBER 16, 2017

Wu said the company had to coordinate with the vendor, figure out international shipping and logistics and navigate the challenges of cross-border payments and foreign currency. “It Different vendors wanted to be paid through different methods and in different currencies. It was a nice crash course early on,” Wu said.

Math 46

Math Compliance Currencies Startups 46

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange. DadeSystems.

Startups 40

Startups Compliance Accounts Payable Invoicing 40

PYMNTS

FEBRUARY 19, 2018

You could call accounts payable (AP) the last mile of payments in a way. And, as those same companies bring business and currency across borders, their supply chains lengthen and transactions transverse currencies, languages and any number of regulatory hurdles. Or perhaps AP stands for the last mile of automated processes?

Auditing 51

Auditing Accounts Payable Currencies Accounting 51

Strategic Treasurer

MARCH 6, 2023

The chapter of discussion “Cash Bootcamp for Treasurers” provides a practical approach to understanding different perspectives of cash, how accounting and treasury can live in harmony and more. What are some of the different ways we look at it in finance, accounting as a view of it? Does it mean currency? What is it?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Treasury GAAP 52

PYMNTS

DECEMBER 8, 2017

And especially in cross-border payments , where, amid globalization, currencies shift and businesses connect across time zones, languages and even industries. And, added Webster, there is nothing more unsettling than money leaving a gap in an account and wondering if it ever got to the other side. Risk and compliance?

B2B 44

B2B Invoicing Compliance Technology 44

The Finance Weekly

APRIL 13, 2024

This includes tracking past financial activities, ensuring compliance and reporting, as well as forecasting future financial scenarios for better budgeting. Tailored for large enterprises, Anaplan bridges the gap between strategic goals and outcomes, fostering accountability through a unified source of truth.

Financial Planning and Analysis (FP&A) 52

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

Strategic Treasurer

JANUARY 3, 2022

Probably within that same category, account validation services, I think will be a big topic in 2022. So, SWIFT has already kind of committed to launch this service and I believe use APIs through their network to confirm or validate certain beneficiary accounts at banks that are participating. Craig Jeffery 11:37 .

Treasury 52

Treasury Cash Flow Forecasting Forecasting Banking 52

The Finance Weekly

APRIL 28, 2024

These let you link up your accounting and finance software with all the top business apps out there. Quickbooks Online Overview QuickBooks Online is an accounting software that lets companies, big or small, handle finances from anywhere with an internet connection.

Financial Planning and Analysis (FP&A) 52

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

Bramasol

FEBRUARY 28, 2023

An EMS is effectively a bridge between sales and provisioning, with linkage to backend accounting and revenue compliance systems. They don't want to worry about or deal with the inherent complexity required in the backend to assure provisioning, delivery and associated revenue compliance issues.

SAP 76

SAP Compliance Transportation Entertainment 76

PYMNTS

DECEMBER 12, 2017

The offering focuses on secure B2B payments and ensuring that companies are in sync with regulatory and compliance mandates in each new region they enter. For those firms trafficking in physical goods across borders in eCommerce, managing shipping costs is paramount, and those costs are paid in local currencies.

Invoicing 41

Invoicing Currencies B2B eCommerce 41

PYMNTS

JULY 31, 2017

Considering SMEs the world over are struggling with adopting electronic payments and invoicing, Indian companies are certainly facing a challenge. Cash, in the form of currency notes on hand, does not really help anyone,” Krishnan recently told PYMNTS. “It It is a non-productive depreciating asset.”.

Invoicing 40

Invoicing B2B Accounts Payable Cash Management 40

PYMNTS

MAY 3, 2018

It’s simple to explain, but extremely difficult for firms to do — particularly in the case of manufacturing mega-players like Coca-Cola or international veterinary supply firm IDEXX Laboratories, which are looking at funds coming in through dozens of payments methods, in scores of currencies and through a host of different regulatory regimes.

B2B 40

B2B Reconciliations Invoicing Currencies 40

PYMNTS

MARCH 1, 2018

Of course, language and currency can be a struggle. With data coming in from multiple jurisdictions in multiple currencies, another area of corporate ground travel that adds to this information deluge is the fact that travelers aren’t always using the same card for their trips.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40

PYMNTS

OCTOBER 8, 2018

We have all seen the horrors of what happens when banks deviate from that playbook and people are scammed into setting up accounts without their knowledge, are denied access to their funds or, worse yet, lose them. Without moving the right data with the payment, it’s impossible to reconcile payments with outstanding invoices efficiently.

B2B 76

B2B Banking Economics Securities 76

PYMNTS

NOVEMBER 19, 2018

Innovators have explored a variety of strategies, from prepaid card solutions supporting different currencies to blockchain infrastructure, with tactics ranging from addressing particular friction points to pushing for an entire overhaul of the global payments system.

Foreign Exchange 74

Foreign Exchange Currencies Banking Invoicing 74

Bramasol

DECEMBER 14, 2023

As of the third quarter of 2023, SAP SE reported cloud revenue was up by 23% at constant currencies, driven mainly by the growth of SAP's combined SaaS and PaaS portfolio. This can be seen clearly in the increased adoption of SAP Cloud-based S/4HANA over recent years.

Technology 88

Technology SAP IFRS Compliance 88