E78 Partners

SEPTEMBER 21, 2023

These challenges include resource limitations, complexity of accounting standards, volume of transactions, weak internal controls, stakeholder expectations, and much more. With adequate preparation, the process can be made seamless. To further streamline these tasks, employing electronic document management systems is recommended.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

PYMNTS

SEPTEMBER 20, 2018

Requirements around the recording of digital data — for instance, newer rules on Hours of Service records and electronic recording of drivers’ hours worked — have industry players adopting tools to maintain compliance.

Accounting 63

Accounting Invoicing Accounts Payable Transportation 63

Future CFO

APRIL 27, 2023

As a result, one-third of finance leaders reopen their books at least once a quarter because of accounting errors, and half spend 10 hours a month manually correcting discrepancies, Stripe pointed out. Beyond payments, Stripe is helping us with everything from recurring billing and tax compliance to automating our financial operations.”

Finance 52

Finance Reconciliations Invoicing Data Analysis 52

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

The cloud accounting solution, Sage Intacct , is an excellent resource to keep your financials on track by creating an efficient month-end close without the headache or hassle of sorting through documents and tracking mistakes. Customize Your Chart of Accounts With Dimensions. Implement Automated Workflows.

General Ledger 62

General Ledger Reconciliations Accounting Standards Auditing 62

Bramasol

SEPTEMBER 12, 2022

Although the initial compliance phase for ASC 606 and IFRS 15 revenue recognition mandates is in the rear-view mirror for most companies, it's important to also keep a focus on the road ahead because optimization of overall RevRec processes across the enterprise will be key to ongoing success. Freeze periods on time-based POBs.

SAP 82

SAP IFRS Compliance Invoicing 82

PYMNTS

FEBRUARY 28, 2020

Purchase, invoice and transaction data are invaluable to the journey of digitization and automation, but organizations are increasingly recognizing that the value can only be realized if that data can integrate seamlessly across platforms. “This combination increases data accuracy, and shortens payment cycles.”

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

NOVEMBER 20, 2020

While expanding internationally is the easy part, the challenge often comes in the back-office financials like invoicing , cross-border payments, accounting and reconciliation. Cross-Border Headaches. The challenges of international financial workflows don't end once a payment is received and currency conversion occurs, either.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

JULY 23, 2020

GEP , which works in procurement and supply chain strategy, has launched its new accounts payable (AP) solution, which will help automate AP services through cloud technology, artificial intelligence (AI) and machine learning (ML), according to a press release.

Accounts Payable 56

Accounts Payable Invoicing Reconciliations B2B 56

PYMNTS

NOVEMBER 3, 2020

Palette Software has connected its accounts payable (AP) automation cloud technology with Aptean ERP , according to a Monday (Nov. Enterprise business software firm Aptean offers targeted enterprise resource planning (ERP), compliance and supply chain management solutions to firms throughout the globe, according to the announcement.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

Future CFO

APRIL 7, 2022

He comments that most accounting graduates have more exposure to Excel than finance-related software solutions through their college education), lethargy to pick up new technologies, and sometimes difficulty in getting approval for finance technology investment. “The banking fees). including those in the finance department ?

Finance 98

Finance SAP Leadership Cash Management 98

PYMNTS

MARCH 4, 2020

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.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

APRIL 10, 2019

Corporates’ biggest procure-to-pay challenges often center around the friction of streamlining data flows and the movement of money, from sourcing and purchase order submission to invoice payment and reconciliation. ” Electronic invoicing requirements are one example of markets’ heightening focus on tax compliance.

Compliance 55

Compliance Invoicing Auditing Accounts Payable 55

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. ” From Onboarding to Compliance. . ” From Onboarding to Compliance.

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

PYMNTS

DECEMBER 8, 2016

businesses are attracted to digital invoicing for a slew of financial benefits: faster, more efficient accounts payable and reconciliation processes, a reduction in the threat of errors due to manual data entry and ability to capture early payment discounts thanks to an accelerated invoice management process. In the U.S.,

Accounts Payable 64

Accounts Payable Invoicing Compliance Reconciliations 64

PYMNTS

MARCH 27, 2019

Accounts payable (AP) automation company Tipalti is expanding its reach into the market by partnering with three new B2B companies, which will extend Tipalti’s solutions to their own customers. The enhanced integration aims to strengthen control and communication for both ends of the transaction.

B2B 46

B2B Accounts Payable Reconciliations Cash Management 46

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.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

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

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. “The use of paper for invoicing and payments creates a pain on both sides,” he said.

Accounts Payable 114

Accounts Payable Invoicing Reconciliations B2B 114

PYMNTS

JUNE 17, 2020

Once booked, the trip can be paid for via the Expensify Card, with transaction details automatically captured for reconciliation and reporting. The integration also supports automated reconciliation and cash flow management, the companies noted in a press release. Amadeus B2B Wallet Expands Functionality.

Reconciliations 67

Reconciliations Accounts Payable Risk Analysis B2B 67

PYMNTS

JULY 2, 2020

Often at the center of this initiative is the accounts payable (AP) department — and unsurprisingly for these volatile times, the strategy can turn toward lengthening the days payable outstanding (DPO). “It’s about expanding that mindset to being able to use a commercial card to pay all suppliers, large and small,” he said.

Economics 104

Economics Accounts Payable B2B Reconciliations 104

PYMNTS

MAY 26, 2016

Tipalti is launching its first-ever, end-to-end solution for accounts payable departments on the heels of news that the company secured an integration of its supplier payment solutions into the NetSuite SuiteCloud platform. ” The executive added that Tipalti’s new AP platform provides “unmatched automation.”

Accounts Payable 41

Accounts Payable Invoicing Reconciliations Compliance 41

PYMNTS

MAY 6, 2019

Customers, on the other hand, need to be assured that their PII, such as credit card or bank account numbers, will remain safe. . The movement of money is initiated when the merchant’s bank requests to “pull” money out of the customer’s account and place it into the merchant’s. The scenario is reversed for push payments.

B2C 44

B2C Reconciliations Invoicing Securities 44

PYMNTS

JUNE 15, 2018

The cost of technology has lessened, though, opening the door for SMEs to bring bits and bytes to supply chains – lessening reliance on manual processes and invoices of the paper kind, thus eliminating errors. The partnership will offer integrated payments to micro, small and mid-sized enterprises, using the former’s accounting software.

Compliance 46

Compliance Reconciliations Invoicing Banking 46

Future CFO

NOVEMBER 5, 2019

The technology also leaves a positive impact on the audit process because the technology can create clear audit trails which makes it easier to meet compliance obligations, Johnston noted. AI is broad term but it’s essentially about data and getting a learning engine to do a better job.

Finance 52

Finance Auditing Invoicing Reconciliations 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

PYMNTS

SEPTEMBER 12, 2018

The new platform, according to Mastercard, helps automate and streamline procure to pay , with an eye toward managing business identities and compliance efforts. The directory, according to the release, will integrate feeds from more than 45,000 compliance lists into a single location, which will help streamline onboarding efforts. “As

B2B 41

B2B Reconciliations Compliance Invoicing 41

Future CFO

APRIL 4, 2023

This involves activities within the source to pay such as invoice processing and payment as well as month-end reporting and reconciliation work. The next stage of expansion involves more value-add activities by the Finance team such as budgeting and forecasting, credit management & collections, tax compliance and FP&A.

Finance 52

Finance Reconciliations Invoicing Budgeting 52

PYMNTS

SEPTEMBER 23, 2019

“A firm attempting to make purchases from a new overseas supplier can trigger a fraud warning, for example, but AI solutions might compare it to a cluster of similar SMB accounts and further examine it before raising a flag,” the report noted. Beyond the Payment.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

DECEMBER 5, 2019

After all, money exits a company through more than one avenue, whether it be via the accounts payable department or a firm’s own employees. Understanding businesses’ biggest payment pain points requires a wide line of sight.

Accounts Payable 52

Accounts Payable B2B Problem Solving Nonprofit 52

PYMNTS

MAY 13, 2020

By wielding Citi’s infrastructure to complete the transaction for The Boston Foundation and Bai, Flywire was able to ensure full compliance and quick transmission of SWIFT transaction data to the beneficiary bank in China. Since beginning the initiative, Citi and Flywire have facilitated about $2 million worth of transactions from the U.S.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

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

FEBRUARY 7, 2020

Transactions must be reconciled, and invoices must be compared to contracts and internal data from emails and other documents. “The amount of money leaking out of different accounts, and not getting to its destination because of disputes and errors, is significant.”

B2B 40

B2B Compliance Pharmaceutical Reconciliations 40

BlueLight

JULY 16, 2020

In these conversations, I observed each finance leader had a different perspective and approach with their financial accounting partner. I caught up with Sandeep Shroff, Co-Founder and CEO of myStartUpCFO , an accounting firm that provides on-demand full-stack CFO services for startups. How do software tools fit into your operation?

Startups 52

Startups CFO Reconciliations General Ledger 52

PYMNTS

FEBRUARY 13, 2018

As companies grow and go global, manually processing payments and accounts payable (AP) can be a hassle. After all, the word “tipalti” means, “we took care of it,” and that’s what the San Mateo, California, startup aims to do by automating the accounts payable and payments cash flow. Sub-Brands.

Accounts Payable 41

Accounts Payable Invoicing B2B Startups 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. It typically takes anywhere between a week to a fortnight [two weeks] for such distributed cash to be properly accounted for and show up as bank deposits that can be used,” the executive said.

Invoicing 40

Invoicing B2B Accounts Payable Cash Management 40

PYMNTS

JULY 6, 2017

In the third episode of our “ Kill The Check ” series, Ingo Money ’s CEO Drew Edwards spoke with PYMNTS about the demand lenders face not only to fast-track approvals, but also to push payments into the accounts of borrowers — regardless of account type. “So,

Risk Management 40

Risk Management Reconciliations Invoicing Compliance 40

PYMNTS

DECEMBER 4, 2017

He likened his firm to a bridge between the accounts payable and receivable worlds as it relates to credit card usage and acceptance. The functionality may look and sound appealing, but it often creates cumbersome, manual processes for suppliers to extract card data, process payments and close invoices. PARS for a New Course.

B2B 40

B2B Invoicing Reconciliations Accounts Payable 40