CFO Talks

MARCH 4, 2025

The same goes for managing moneywithout tracking your numbers, things can go wrong fast. Process Automation Using tech to handle invoices, payroll, and reports can save money and reduce errors. Quick Tip: Work with an accountant or financial advisor to stay informed about new tax incentives or regulations.

Budgeting

Future CFO

NOVEMBER 21, 2024

This includes real-time digital tax filings and e-invoicing that is soon to be required in nearly 100 countries. In Southeast Asia, 38% of organisations anticipate a considerable number of adjustments to source Pillar Two reporting data, and 83% expect to make moderate to significant changes to their reporting processes.

Compliance

Global Finance

MAY 6, 2025

Using the Velocity platform, the banks accounts are tokenized and embedded into QR codes, enabling customers to make instant payments via mobile phones. Business accounts have also evolved, with customers able to generate tokenized account numbers that add precision to transaction reconciliations.

Cash Management

Global Finance

FEBRUARY 4, 2025

Implementing DTSCF can be more complex than traditional SCF due to the increased number of parties involved and the need to track payments across multiple tiers. Suppliers can instantly track invoice payments and upcoming payment totals for improved forecasting. Caribbean Banreservas Banreservas grew its factoring portfolio by 63.5%

Finance

CFO Plans

FEBRUARY 17, 2025

It’s imperative to track financial health indicators, such as cash flow statements, balance sheets, and profit and loss accounts. Be on the lookout for warning signs of cash flow problems, such as delayed payments from clients, a mounting pile of unpaid invoices, or dwindling cash reserves.

Cash Flow Forecasting

E78 Partners

APRIL 16, 2025

Yet, many finance and IT leaders still treat Technology Expense Management (TEM) as an afterthought, a reactive function focused on invoice processing or software license tracking. Invoices go unchecked. Every contract, invoice, and service is verified for accuracy, compliance, and relevance. Contracts are scattered.

Technology

CFO Talks

JULY 2, 2025

This is where accountants either prove their value or stay stuck in the back office. Step One: Face the Numbers Honestly Forget the forecasts from last quarter. Step One: Face the Numbers Honestly Forget the forecasts from last quarter. In a crisis, those numbers are irrelevant. Your first job is to get to the truth.

Forecasting

CSC Advisors

JUNE 25, 2025

If your working capital is positive, it means your current assets (like cash, accounts receivable, and inventory) exceed your current liabilities (such as accounts payable and short-term debts). Timing matters: delayed payments on your outstanding invoices (assets) can cause cash shortages.

Invoicing

Global Finance

MAY 1, 2025

Tam Digital Bank, KFH’s digital bank in Kuwait, recorded strong customer numbers and transaction growth. The bank created a collaborative payable finance ecosystem on its business-to-business platform, where the seller could raise an invoice and pass it to the buyer for approval.

Finance

PYMNTS

JANUARY 21, 2020

According to Biller Genie CEO Thomas Aronica, that strategy begins with the invoice itself. “There is a very significant delay in the invoice-to-cash cycle,” Aronica told PYMNTS in a recent interview. Automating AR processes like invoice generation can significantly lower those costs by promoting digitization.

Invoicing

PYMNTS

OCTOBER 6, 2020

The pandemic has upended supply chains, and upended accounts payable (AP) processes – requiring companies of all sizes and types to move toward digital (and high-tech-powered) means to transform back-office functions. The updates, the company said, will speed invoice processing by 10 times and cut processing costs by 80 percent.

Invoicing

PYMNTS

NOVEMBER 4, 2020

Even with the digitization of the invoice, fraud remains a rampant problem, and it's not only the buy-side of the B2B equation faced with the consequences. Deepfake technology means criminals can masquerade their own voices to convince unwitting employees to approve an invoice for payment, for instance. It's just inefficient.".

Invoicing

Bramasol

MAY 23, 2024

Previous episodes in this Insights Series have explored the challenges created by new Digital Solutions Economy paradigms for billing, fulfillment, invoicing, revenue accounting, and compliance across a wide range of industries. This method provides flexibility but can lead to revenue fluctuations.

Compliance

PYMNTS

JANUARY 13, 2021

Expense management technology provider Medius and international eDocument service company Pagero have collaborated to help companies handle digital invoices. The new collaboration lets their joint customer base get and handle digital invoices in different formats throughout the world, according to a Wednesday (Jan. 13) announcement.

Invoicing

PYMNTS

FEBRUARY 1, 2021

While it is encouraging to see the number of data breaches, as well as the number of people impacted by them, decline, people should understand that this problem is not going away,” she said in a statement. From commercial card misuse to invoice fraud, internal employees can be the bad actors, too.

Invoicing

PYMNTS

DECEMBER 28, 2020

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. But accounts payable is far from the only back-office financial workflow at risk of fraud. The DOJ accuses the individual of fraudulently invoicing more than $1.5 Department of Justice revealed. million in customs costs.

B2B

CFO Network

SEPTEMBER 23, 2021

Outsourcing business functions like accounting can save you time and money. If you’ve been wanting to learn more about how outsourced accounting can actually save your business money, we’ve put together the ultimate guide. What is Outsourced Accounting? Outsourced accountants offer a fresh set of eyes without bias.

Accounting

The Charity CFO

APRIL 5, 2022

If you’re like many people, you probably think that there is a single set of accounting rules that every company must follow. . But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting.

Nonprofit

PYMNTS

MAY 4, 2020

Office closures and remote working mandates have created an uncomfortable wakeup call for accounts payable (AP) and accounts receivable (AR) departments that continue to rely on manual, paper-based processes. And there are a lot of them. “Any strategic CFO will recognize the need for digital transformation.”

Invoicing

PYMNTS

MARCH 24, 2020

percent of those surveyed said they had forgotten to invoice a client at some point, and half of the businesses surveyed said they had lost 250 pounds ($295), with almost 8 percent counting their losses at around 1,000 pounds ($1,180). billion pounds ($1 million to $2 million) annually by forgetting to invoice. “We Amaiz found that 34.6

Invoicing

PYMNTS

NOVEMBER 19, 2020

19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others. Each card payment is then assigned a virtual number tied to a commercial card account. The financial services giant on Thursday (Nov.

Invoicing

PYMNTS

AUGUST 3, 2020

With accounts payable professionals working remotely, Anderson said he’s heard from some firms whose AP staff have had to physically take check-printing machines to their homes — opening up the door for fraudulent activity. “If you receive an email requesting payment to a different account, it may look genuine. .

B2B

PYMNTS

JANUARY 22, 2021

Today in B2B payments, TripActions announces new funding that values the T&E startup at $5 billion, while OneSource Virtual launches invoice payment capabilities. OneSource Virtual Rolls Out Invoice Pay For Vendor Payments. Invoice Pay, which is fueled by J.P. Million For SMB Accounting Software. 21) announcement.

Invoicing

PYMNTS

JANUARY 29, 2019

Straight-through processing (STP) is the gold standard for accounts payable (AP) departments. It allows invoices to be received, reviewed and pushed through for payment, all without manual intervention. However, experts have agreed that STP is best for companies without a high level of invoice exceptions.

Accounts Payable

PYMNTS

AUGUST 7, 2020

The scenario of frazzled buyers negotiating extended payment terms — in many cases having to choose who gets paid and who doesn’t — has made the whole “invoice to check to envelope to swirling vortex of the unknown” thing absurd. Payments choice is the other action, even in relatively staid corporate accounting.

Accounting

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? Investopedia defines accounting as “the process of recording financial transactions pertaining to a business.” .

Nonprofit

PYMNTS

DECEMBER 29, 2020

Now, with electronic processes in place in accounts payable (AP) and accounts receivable (AR) departments, businesses are in a more strategic position than ever before to elevate workflows and strengthen B2B relationships. You have invoice aggregation, multiple account numbers with vendors, short payments, disputes and credit memos.".

B2B

Bramasol

JULY 31, 2023

This new post provides a deeper look at how the leasing of medical equipment along with other bundled services or products presents particular challenges for meshing contracts and lessor accounting with DSE management and revenue recognition. According to Allied Market Research, "The global medical equipment rental market was valued at $56.0

Accounting

PYMNTS

MARCH 19, 2020

Automation in small business accounting can certainly be beneficial, but when a cloud-based accounting platform remains within the confines of its own interface, there can be unexpected friction that prevents business owners from gaining real-time financial insights. Elevating Functionality. Siloed Platforms.

Accounting

PYMNTS

JANUARY 18, 2021

This week's B2B Data Digest takes a look at the numbers behind the latest instances of fraud, including fraudulent invoices, corporate tax scams and more. $19 Amazon produces goods from its vendors, who must agree to adhere to purchase orders that list the product identification number, number of units and price per unit.

Invoicing

The Finance Weekly

NOVEMBER 8, 2022

As the number and quality of software tools increases, companies are constantly looking to find better ways to cut down on manual work and increase efficiency. Finance is responsible for a large number of critical operations in a business. Finance is responsible for a large number of critical operations in a business.

Financial Planning and Analysis (FP&A)

PYMNTS

AUGUST 17, 2020

The Federal Trade Commission recently filed a complaint against Yellowstone Capital, Fundry and their officers, alleging the merchant cash advance companies had been withdrawing funds from small business bank accounts. PYMNTS breaks down the numbers of the latest in B2B fraud below. Morgan Chase, and $900 million for Wells Fargo.

Invoicing

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. . Invoicing .

Nonprofit

PYMNTS

APRIL 8, 2020

This stands in stark contrast to how the accounts payable (AP) departments at many businesses process payments. To a significant extent, this process remains stuck in the predigital era and is ruled by checks and paper-based invoices, which are often accompanied by weeks-long delays and cash flow problems. Federal Reserve.

Invoicing

PYMNTS

DECEMBER 7, 2020

This week's B2B Digest looks at how corporate finance scams come in all shapes and sizes, from employee expense fraud to invoice falsification. PYMNTS breaks down the numbers behind the latest cases below. It could really damage the economics of a city," said co-author Eric Holzman, assistant professor of accounting at Ohio State.

Invoicing

The CFO College

AUGUST 31, 2021

As an accountant or bookkeeper, you can help prevent startups from going under or losing profitability. You may hear some accounting professionals talk about horror stories related to startups. If the startup is already operating, have your clients invoice customers as soon as possible.

Startups

CFO Simplified

DECEMBER 12, 2021

The terms “finance” and “accounting” are often used interchangeably. There are, however, very real differences between finance and accounting. While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category.

Accounting