PYMNTS

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. Oracle Bets On Education-Centric Integration Strategy In Cloud Computing Race. Across The Next-Generation AP Automation Space. Growth encouraged the media company to switch to automated processes. About The Tracker.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

PYMNTS

AUGUST 5, 2016

There is seemingly no end to the discussion of how automated accounting can improve a business’ performance. The market is on the cusp of a groundswell of adoption of these technologies, says Therese Tucker, CEO of accounting solutions firm BlackLine , after a long lull among mid-market firms.

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

Planful

SEPTEMBER 1, 2016

In early August, I was asked to speak at the annual meeting of the American Accounting Association (AAA). The AAA has been around for 100 years and is a community of accounting educators. Hip, Cool, and Relevant Accounting Technologies. His main message was that ERPs are no longer the center of the accounting universe.

Technology 40

Technology Accounting Auditing Reconciliations 40

PYMNTS

SEPTEMBER 21, 2018

Recently, players in the space have launched new solutions designed to help businesses, and even higher education institutions, to more easily manage and reconcile payments. It then enables sellers to have their funds deposited into their bank accounts for a small fee. Lessons In Tuition Payment Reconciliation.

Invoicing 46

Invoicing Education Reconciliations Healthcare 46

PYMNTS

JANUARY 8, 2021

For example, that might mean having a process in place so that funds are appropriately applied or available when money comes in during off-hours or on the weekend, she said, and really thinking through the process from an accounting, liquidity and treasury management perspective.

Cash Flow Forecasting 139

Cash Flow Forecasting Banking Education Reconciliations 139

PYMNTS

JANUARY 25, 2019

As they work to achieve this, more companies are ditching paper-based methods and embracing digital solutions that streamline payments and reconciliations. is fragmented, Richardson said, and faster payment systems can remove some of the headaches of managing payments data and reconciliation. as an example.

Reconciliations 67

Reconciliations Banking Education Budgeting 67

PYMNTS

APRIL 26, 2019

Although they operate with a greater level of autonomy, charter schools are still expected to be accountable for their expenses and demonstrate transparency. This is especially true in cases where employees whose primary duties are education-focused are making purchases on behalf of their schools. . The Urgent Case for Transparency.

Reconciliations 46

Reconciliations Education Nonprofit Auditing 46

CFO Simplified

DECEMBER 26, 2021

It’s easy to grow without noticing that your finance and accounting department is stretched far too thin. From overworked staff accountants to controllers running month-end closes, a poorly structured finance, and accounting department can put strains on your business’ growth. Roles and Responsibilities. Company Size.

Finance 52

Finance General Ledger CFO Auditing 52

PYMNTS

NOVEMBER 11, 2019

To help suppliers benefit from different options, FinTechs are educating them on the types of payments that are available to them. The FinTech is also seeing education flow from the buyer to the supplier. But not all suppliers have the same level of education or awareness of ePayments.

Education 43

Education Reconciliations Accounting Marketing 43

PYMNTS

APRIL 23, 2019

Too often, however, the reconciliation becomes an afterthought in the spend management process, and can be even more difficult for a company’s accounting department to address if paper receipts get lost. The Latest Workforce Spend Management News. That’s a problem that several players in the space are seeking to resolve.

Reconciliations 40

Reconciliations Nonprofit Education Accounting 40

PYMNTS

DECEMBER 15, 2017

On a good day, managing the ebb and flow of supply chains, accounts receivable and accounts payable can be challenging; on a bad day, juggling all those spinning plates becomes a nightmare. Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately.

Invoicing 48

Invoicing Reconciliations Currencies Foreign Exchange 48

CFO Thought Leader

JULY 11, 2023

Ledge empowers finance teams with tools to centralize their payments data, get a real-time payments snapshot, automate multi-way reconciliation, identify problem transactions, accelerate their investigations, and dramatically lower the risk of losses, all without any engineering support.

CFO 40

CFO Reconciliations Leadership Finance 40

PYMNTS

MARCH 8, 2018

for higher education opportunities each year, many parents end up getting an unexpected crash course in cross-border car shopping. In Australia, a hospitality company is putting blockchain solutions to work on payment reconciliation. for higher education opportunities annually — and many need a set of wheels during their stay.

Education 43

Education Accounts Payable Reconciliations B2B 43

The Charity CFO

JANUARY 5, 2023

Accountability for everyone involved. Educate the staff and board on critical issues triggered by certain gifts. When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). Make board members accountable. Better information dissemination. Unbiased decision-making.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

PYMNTS

JANUARY 30, 2020

Virtual cards can improve accounts payable (AP) processes, benefiting both buyers and suppliers by streamlining day-to-day payments, and providing greater control over cash flows. The cards are also linked to checking or other payment accounts, and expire at designated times. Streamlining The AP Purchasing Process.

B2B 71

B2B Invoicing Accounts Payable Reconciliations 71

PYMNTS

OCTOBER 14, 2020

Accounts payable and receivable used to be concrete, separate operations. At the end of the day, he said, every company (regardless of size or focus) should endeavor to know exactly how cash is flowing in and out of accounts, and what liquidity positions are in real time (which, of course, requires real-time data exchanges).

B2B 97

B2B Accounts Payable Reconciliations Economics 97

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. It’s a cause close to my heart?

Startups 52

Startups CFO Reconciliations General Ledger 52

PYMNTS

DECEMBER 5, 2019

The latest evolution of commercial card technology, however, aims to position cards as a digital tool for accounts payable teams to make supplier payments. Undoubtedly, the biggest hurdle in commercial card adoption in accounts payable is vendors’ reluctance to accept the interchange fee associated with receiving payments.

Accounts Payable 53

Accounts Payable B2B Reconciliations Accounting 53

PYMNTS

OCTOBER 30, 2019

Open banking jumped onto the financial services scene with a focus on enabling consumer-facing FinTech platforms to connect with their users’ bank account data. The model quickly gained traction and today is accelerating its expansion into B2B financial services, too. Open Banking Targets Corporates.

Banking 41

Banking Foreign Exchange B2B Accounting 41

PYMNTS

MAY 7, 2018

In a survey of financial institutions facilitating Same-Day ACH for their customers – which collectively account for about 66 percent of ACH origination volumes – NACHA found that exactly zero percent reported an increase in fraud. That doesn’t mean that fraud linked to ACH transactions is nonexistent, however.

Education 47

Education Treasury Reconciliations Banking 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. The company, which provides education and resources for suppliers, recently released a new eBook to guide vendors on how to take advantage of Same Day ACH technology.

B2B 54

B2B Invoicing Reconciliations Education 54

Future CFO

AUGUST 3, 2021

For example, projects that are smaller in scale also make for good educational opportunities. The process of discovery, the effort required to implement, and education of using the new system or process can really move a team ahead. We deployed robotic process automation for the accounts payable.

Finance 52

Finance Forecasting Financial Modeling Accounts Payable 52

PYMNTS

JUNE 5, 2018

Case in point: PayPal recently partnered with business management firm Sage to enable businesses to pay their supplier invoices with a PayPal business account. ” For corporate buyers, that yields “the ability to view the full reconciliation of payment” in a bird’s eye view of spend and expenses.

B2B 46

B2B Invoicing Education Reconciliations 46

PYMNTS

MAY 19, 2016

For the company itself, beyond saving money from printing and issuance of checks (and reissuance if they are lost), there’s the relative ease of reconciliation with cash flow tracking (as cash flows are logged onto the cards and accounted for immediately).

Reconciliations 40

Reconciliations Education Banking Accounting 40

PYMNTS

APRIL 12, 2016

Not only do they add an enhanced level of security and fraud protection to the accounts payable process, they also simplify processes and provide a mechanism for generating new forms of revenue to support the nonprofit mission.”. Speaking of the AP professional, that’s the third benefit: streamlined accounts payable processes.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

Planful

JANUARY 11, 2022

Without AI, employees are burdened with hours of monotonous tasks like reporting and data reconciliation. This was great for business but led to increasingly long financial reconciliation times. Finance and accounting professionals will continue to work late into the night. 1 – Let AI do the heavy lifting.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

PYMNTS

DECEMBER 4, 2017

And the technology finally exists to make that happen; it simply takes some education to build awareness. He likened his firm to a bridge between the accounts payable and receivable worlds as it relates to credit card usage and acceptance. PARS for a New Course.

B2B 40

B2B Invoicing Reconciliations Accounts Payable 40

PYMNTS

OCTOBER 23, 2018

Regional stats show, as PPRO has noted, that 60 percent of consumers in North America pay for online purchases by traditional payment methods such as Visa or Mastercard, but that choice accounts for less than half of consumers in Western Europe and under a third of consumers in Asia. eCommerce that same year, up from about 11.2 percent today.

eCommerce 65

eCommerce Reconciliations Sales Education 65

PYMNTS

JANUARY 31, 2018

The movement of information is filled with friction in B2B transactions today, with deals across borders and between third- and fourth-parties, creating a muddle of data that can delay supplier payments and disrupt the reconciliation process. There is a bit of an educational piece to our sales process,” he said.

B2B 43

B2B Education Forecasting B2C 43

PYMNTS

APRIL 25, 2016

The vast majority (90 percent) of respondents said that their reconciliation process is challenged because corporate cards are used by more than one employee. Developers of ERP and accounting systems, said the executive, are also challenged to keep up with ways to support omnichannel procurement and employee spend.

Education 40

Education Reconciliations Banking CFO 40

PYMNTS

MARCH 22, 2018

The customer can see the bill amount on his screen and can also access his account info to make sure he has enough funds to cover the payment. Skill As a Platform. Riddle said that Corporate One’s Voice Challenge skill is almost more of a platform, because it offers a foundation for integrating other value adds.

Reconciliations 46

Reconciliations Education Leverage Accounting 46

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on their core responsibilities. What is the actual goal in a nonprofit accounting setup?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

PYMNTS

APRIL 14, 2017

We actually see a decrease, overall, of these protective measures,” Carlsson noted, adding that daily reconciliation and other internal controls can help to combat check fraud. It’s education and internal controls,” said Carlsson. That’s surprising to me — a little bit of an uncomfortable surprise.”.

B2B 40

B2B Accounts Payable Education Reconciliations 40

PYMNTS

JUNE 7, 2016

But as Edward Baker, Assistant Bursar at Cornell University, pointed out, the steps involved in accepting and processing these cross-border payments for higher education can be painstaking for both the schools and the students themselves.

Planning 42

Planning Education Reconciliations Banking 42

PYMNTS

MARCH 16, 2017

With its start in the education and healthcare sectors, Flywire’s expansion into B2B payments isn’t far of a stretch for the company, which already supports high-value international payments like tuition or medical care costs. Traditionally, B2B payments across borders is a manual, opaque process.

B2B 43

B2B Marketing Compliance Invoicing 43

PYMNTS

JULY 21, 2017

The newest research from Receivable Savvy , a company working to educate suppliers on accounts receivable (AR) best practices, finds that getting paid faster is the number-one priority among suppliers today when it comes to how they issue invoices. In fact, 90 percent of surveyed suppliers cited this priority. .

Invoicing 47

Invoicing Reconciliations B2B Education 47

Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Here's how it works: Multiple Currency Support: In a multi-currency account, you can hold balances in different currencies simultaneously.

Currencies 52

Currencies Accounting Risk Management Compliance 52