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The ePayments Way To Compliance

PYMNTS

Any organization, small or large, private or public, must handle the pressures of compliance. “The risk exposure varies greatly,” the senior manager of fund accounting strategy for Abila told PYMNTS. “The risk exposure varies greatly,” the senior manager of fund accounting strategy for Abila told PYMNTS.

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How generative AI transforms the Indian GST management scene

Future CFO

Generative Artificial Intelligence has found its way into India ’s goods and services tax (GST) management landscape, serving as a powerful ally for accountants and businesses amid the complexities of the system. Cost Savings: The financial implications of non-compliance are substantial, including interest and penalties.

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PayMyTuition Rolls Out B2B Supplier Payments Module

PYMNTS

To reshape how schools handle global business payments, payment processing provider PayMyTuition has rolled out an international vendor management module. Our innovative vendor management module will enable institutions access to a suite of international payment solutions that are directly integrated into their ERP and AP systems.”.

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BNY Mellon Partners With Early Warning Services For Faster Payment Times

PYMNTS

With the new updated solution, BNY Mellon will let clients validate statuses and owners of accounts in real time across the U.S. The service is also payment-agnostic, able to verify accounts for payments including wire transfers, automated clearing houses (ACH) and real-time payments.

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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.

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Candex Raises VC To Help Businesses Pay For Gig Services With Blockchain

PYMNTS

The rise of the gig economy means companies can access a wide array of vendors, but an increasing volume of suppliers can lead to complications in the accounts payable department, the company explained, adding that the average large enterprise sees 90 percent of service vendors accounting for just 5 percent of overall spend.

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Procurement Is Ground Zero For Cybersecurity Protection

PYMNTS

The banking industry, Clare explained, is pressured to take responsibility for its suppliers’ security as the sector works with regulators and adheres to new compliance measures. “Regulators are requiring banks to be accountable for vendor performance, and one of the key risks with vendors is their security,” Clare stated.