The Charity CFO

FEBRUARY 4, 2022

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. A bookkeeper records and organizes financial data; an accountant interprets and presents that data. .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

PYMNTS

JUNE 22, 2016

In B2B payments, accounts payable automation is a hot topic, as are the challenges AP professionals face when it comes to paying suppliers and managing the data from those transactions. Nearly half of the companies surveyed by the institution said they still use spreadsheets for AR reconciliation.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

Adam Kae

MAY 30, 2023

However, with financial automation tools at our disposal, we can bid farewell to manual data entry and focus on revenue-generating activities. By integrating accounting software, such as QuickBooks or Xero, with our project management tools, we can automate the creation, delivery, and tracking of invoices.

Marketing 52

Marketing Invoicing CFO Reconciliations 52

PYMNTS

JANUARY 21, 2021

Thanks to this agreement, we can now offer JAGGAER customers and their suppliers improved tracking, reconciliation and speed of processing or receiving cross-border transactions in 134 currencies,” JAGGAER CEO Jim Bureau said in the announcement. US CFOs Consider How to Use Cash Reserves. Xero, Nedbank Team on API-Enabled Bank Feed for SMBs.

B2B 85

B2B Banking Reconciliations Currencies 85

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. He pointed to financial reporting as one example of this shift. Modernizing the ERP.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

MAY 11, 2017

Xero , the online accounting software company, announced Wednesday (May 10) a partnership with Capital One Financial Corporation to simplify direct bank feeds, credit card data and the bank reconciliation process. Many of the world’s leading financial institutions now share this vision.

Reconciliations 65

Reconciliations Financial Data Leverage Accounting 65

PYMNTS

SEPTEMBER 27, 2017

Using robotics process automation , accounting software company FloQast is rolling out a new solution to automate reconciliation processes. 26), FloQast announced news of the launch of Cloud Connect, a solution that provides near-real-time access to financial data held within in-house ERP systems.

Reconciliations 40

Reconciliations Financial Data Leverage Accounting 40

PYMNTS

JUNE 19, 2020

Accounting automation startup Botkeeper secured $25 million led by Point72 Ventures, while High Alpha Capital, Republic Labs, Oakridge, Peak State, Ignition Partners, Greycroft Partners, Gradient Ventures and Sorenson Capital also participated in the Series B funding round.

B2B 73

B2B Startups Reconciliations Financial Data 73

Simply Treasury

JUNE 3, 2021

We all understand that the C-level wants treasury to lake use of huge financial data they sit on and develop more reporting and dashboards. automatic reconciliation, Straight Through Processing / STP, use of mass data, etc.). Robotics and RPA’s are an intermediary steps to automation, which explains its high ranking.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

AUGUST 7, 2019

“Our new team in Boulder, CO is looking for a Sr Software Engineer to work within our Advertising FinTech team focused on a Blockchain ledger, billing and reconciliation systems to provide data transparency on transnational financial data,” the job posting said.

Advertising 56

Advertising Reconciliations Financial Data Technology 56

The Finance Weekly

MARCH 13, 2022

Based on AI and Machine Learning capabilities, the DataRails’ solution provides real-time financial consolidation and advanced data visualization, through intuitive and simple implementation. For the first time, all financial data is uploaded to the cloud, providing continuous agility and content sharing.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Investments CFO Accounts Payable 52

Spreadym

JUNE 19, 2023

Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. This may involve segregating duties, implementing approval processes for expenses, and regularly reconciling accounts. These features enable you to monitor and analyze your cash flow effectively.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

PYMNTS

JANUARY 22, 2021

In the accounts receivable (AR) function, Franco noted that Nurx implemented lockboxes in order to centralize the receipt of paper checks from insurance companies. But on the accounts payable (AP) side, the company also saw the opportunity to shift from checks to digital payment methods to pay vendors.

Healthcare 74

Healthcare Prioritization B2B Accounts Payable 74

PYMNTS

MAY 23, 2017

Accounting software company Sage is acting on U.K. Sage and Cashplus are integrating each other’s data to launch a new Sage tool called Bank Feeds, which means joint customers of Sage solutions and Cashplus business accounts can automate and streamline bank reconciliation to ensure accounts and records are up to date and accurate.

Banking 43

Banking Reconciliations Compliance Accounting 43

PYMNTS

JANUARY 5, 2017

Technology firm Ricoh is jumping into B2B payments with a new service aimed at digitizing accounts receivable processes. Invoice issuers immediately receive either rejects, in the case of inaccurate invoice data, or confirmation, if the eInvoice successfully passed the automation validation,” explained Billentis , another eInvoicing firm.

Invoicing 40

Invoicing B2B Accounts Payable Reconciliations 40

Finvisage

DECEMBER 31, 2019

The cafe chain is fighting for survival after revealing on Wednesday it had uncovered “significant, and potentially fraudulent, accounting irregularities” Mr Marsh had been suspended when these problems were discovered. Toshiba is recovering from accounting scandals that eventually led to the bankruptcy of U.S.

Reconciliations 52

Reconciliations Financial Analysis Construction Accounting 52

PYMNTS

JANUARY 26, 2017

“Processing corporate payments as peer-to-peer, directly on blockchains, gives for instant settlement and, therefore, real-time reconciliation and accounting,” the company said. Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too. A Realistic Approach.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

NOVEMBER 20, 2018

is launching its Payments API to allow small businesses to initiate payments for payroll, lending, accounting and other digital platforms all at once. The tool will also support real-time access to data to enhance financial reporting and cash flow management. A press release Monday (Nov. 19) said Cashplus, based in the U.K.,

Reconciliations 43

Reconciliations Currencies Accounting Banking 43

PYMNTS

JANUARY 29, 2020

Another major hurdle unique to the purchase-to-pay space is the process’s deep touch points with an array of other back-office functions within the enterprise, including vendor management, product sourcing, accounts payable, accounting, inventory management, contract management, manufacturing and distribution, and more.

Banking 52

Banking Accounts Payable Vendor Management Reconciliations 52

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

JUNE 28, 2019

The $1 million in Seed funding for India-based Recko will help the firm grow its payments reconciliation solution for companies in the banking, lending, insurance, eCommerce and telecom industries.

Valuation 43

Valuation Reconciliations B2B Startups 43

Planful

JANUARY 11, 2022

As technology crunches the growing volumes of data, soft skills like critical thinking, problem-solving, and communication will become crucial for Finance to succeed. #1 Without AI, employees are burdened with hours of monotonous tasks like reporting and data reconciliation. 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

JANUARY 14, 2020

One of the factors behind this may be financial leaders’ rising expectations for how payment systems should operate. In this sense, RTP may be seen as an integral part of wider efforts to streamline treasury and accounts payable operations, as well as shed the inefficiencies of manual and paper-based processes. percent in 2018.

Accounts Payable 53

Accounts Payable Reconciliations Construction Treasury 53

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

Future CFO

AUGUST 3, 2021

Financial teams have always had a unique vantage point: the financial data they deep dive into allows them to understand their organization's financial options and health. It is one reason why hunting for financial data is a lifelong job for many financial professional teams.

Finance 52

Finance Forecasting Financial Modeling Accounts Payable 52

PYMNTS

FEBRUARY 15, 2019

The process through which organizations, like universities, gain that spend visibility — that is, being able to integrate financial data across platforms — opens doors to other opportunities in the higher education industry. Yet, the effort to gain a deeper view into spend isn’t simply to avoid those threats, Rotoli noted.

Education 49

Education Accounts Payable Reconciliations Prioritization 49

Spreadym

JULY 10, 2023

The financial close process, also known as the accounting close process or month-end close, is a series of steps undertaken by an organization to finalize its financial records for a specific accounting period. These entries correct errors, allocate costs, or reclassify transactions to the appropriate accounts.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

Centage

SEPTEMBER 6, 2022

So, why are so many companies relying on them to handle their financial needs? While there are many alternatives to spreadsheets, some organizations still consider them an important part of their accounting procedures. Widespread Use of Spreadsheets In past years, Microsoft Excel has dominated the business world.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

The Finance Weekly

APRIL 13, 2024

Conversely, business finance software caters to the more complex financial needs of businesses, offering tools to track income and expenditure, generate financial reports, and handle accounts receivable and payable effectively. Contact Their sales team for a custom quote.

Financial Planning and Analysis (FP&A) 52

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

Centage

SEPTEMBER 6, 2022

So, why are so many companies relying on them to handle their financial needs? While there are many alternatives to spreadsheets, some organizations still consider them an important part of their accounting procedures. Accounting Inconsistences, Double-Entries, and Liabilities. Spotting trends. Forecasting.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

The Finance Weekly

OCTOBER 13, 2021

Make a financial reporting strategy. One of the most difficult aspects of a merger or acquisition for finance experts is combining the financial data of two independent firms into one. When a firm spends weeks reconciling accounts, closing the books, and reporting earnings to stakeholders, moving quickly is challenging.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Economics Risk Management Reconciliations 52

Bramasol

MAY 6, 2022

As with real world debt, Digital Debt must be serviced with high on-going costs; primarily in the form of low productivity, time-consuming data reconciliation, lack of end-to-end visibility and continuous maintenance updates. Need for ongoing data manipulation and reconciliation between systems. Sources of Digital Debt.

SAP 71

SAP Finance Reconciliations Leverage 71

PYMNTS

JANUARY 26, 2018

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47

CFO Leadership

MARCH 31, 2022

Treasury professionals may now have to keep an overview on hundreds of bank accounts with different bank partners, in multiple currencies and in many countries around the world. To help treasurers get started on their path to success, we’ve prepared five steps to improve global cash visibility: Centralize your bank accounts.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

APRIL 11, 2019

According to JPMorgan, clients who use its SEPA Instant and other real-time payment schemes benefit from immediate payment finality, the ability to address immediate business needs, easier reconciliation, better financial control and budgeting, improved liquidity management and an enhanced customer experience.

Treasury 53

Treasury Reconciliations Budgeting Financial Data 53

PYMNTS

AUGUST 9, 2019

That’s what makes the marrying of front-office finances with back-office finances so valuable for this space, according to Teri Wilson, general manager at restaurant accounts payable technology firm Sourcery. At first glance, the synergies between a point of sale (POS) and accounts payable solution may not appear clear.

Accounts Payable 43

Accounts Payable Invoicing Reconciliations Finance 43