PYMNTS

OCTOBER 22, 2020

Old-school business-to-business (B2B) transaction methods like sending and waiting on checks and physical invoices are more difficult to stick with now that many offices are closed and financial teams are working from home. trillion worth of sales by 2024. trillion worth of sales by 2024.

Invoicing 63

Invoicing Foreign Exchange B2B Accounts Payable 63

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 52

Accounting Finance Cash Flow Forecasting CFO 52

CFO Share

JULY 19, 2023

The biggest challenges facing accounts payable are chaos, maintenance cost, and fraud. Bring order to Accounts Payable. Accounts payable is a non-revenue-generating expense which best in class businesses minimize. Minimize fraud risk Accounts payable is the number one source of fraud in small businesses.

Accounts Payable 52

Accounts Payable Accounting Auditing Education 52

PYMNTS

JUNE 17, 2020

Keeping the trade engines moving is vital to the recovery of the global economy, but even as deals are struck and sales are made, businesses aren’t guaranteed the cash flow to sustain their operations. But, as Pizzituti noted, this “is not the only metric that should be taken into account” along the underwriting process.

Invoicing 68

Invoicing Finance B2B Credit Risk 68

PYMNTS

MARCH 3, 2020

It’s not difficult for a supplier to tell when accounts receivable (AR) processes are not optimized. Late payments, invoice disputes and even fraud are all glaring red flags of AR inefficiencies and friction. Invoice-to-Cash Optimization. Yet managing this information is key to receiving payment.

Accounting 74

Accounting Invoicing Reconciliations B2B 74

PYMNTS

SEPTEMBER 29, 2020

The pain points that accounts receivable (AR) teams most commonly experience can be boiled down to three underlying and related problems: continued reliance on manual AR management practices, and the resulting lack of speed and high operating costs associated with managing receivables. Reliance on manual processes has far-reaching effects.

Accounting 121

Accounting B2B Prioritization Invoicing 121

PYMNTS

MAY 1, 2019

Payments solution provider Delego is rolling out its invoice presentment and payment solution, PayCenter, a SAP-integrated tool, to digitize and streamline accounts receivable. Delego’s PayCenter offers Delego RapidPay, which supports ACH, card, digital wallet and other payment methods when invoices are presented.

Invoicing 54

Invoicing SAP B2B Manufacturing 54

PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. Small business accounting platform FreshBooks recently announced an agreement to integrate with Taxfyle , a data sharing arrangement that aims to automate tax prep for small business owners.

Accounting 87

Accounting Banking Invoicing Sales 87

Future CFO

JANUARY 13, 2022

Inadequate accounts receivable management is a very common problem among the majority of business organizations. Around 40% of the survey respondents are pessimistic about the outlook for their Days Sales Outstanding (DSO), and 25% express concern over their liquidity levels as the pandemic continues across Asia.

Accounting 52

Accounting Invoicing B2B Finance 52

PYMNTS

MARCH 18, 2020

Employing accounts payable (AP) automation solutions can help smooth onboarding and streamline the data collection and analyzing processes, removing the many friction points that are prone to legacy systems. Automated services could cut an average of 40 days from their invoice processing time.

Accounts Payable 66

Accounts Payable Accounting Invoicing Data Analysis 66

PYMNTS

SEPTEMBER 5, 2019

French startup Upflow , a company that wants to streamline the invoicing process for companies, help them stay organized and ensure they get paid on time, has raised $2.7 Many companies have relied on Excel spreadsheets to keep track of invoicing information, and Upflow has created a proprietary system to improve on that.

Invoicing 43

Invoicing Startups Accounting Banking 43

PYMNTS

JANUARY 25, 2019

This week, Barclays and Santander InnoVentures demonstrated traditional banks’ interest in alternative finance when they led a nearly $34 million equity fundraise for invoice financing platform MarketInvoice. In the accounts receivable space, U.S.-based The company recently announced $3.2

Invoicing 76

Invoicing Finance SAP B2B 76

PYMNTS

OCTOBER 23, 2020

We have deep dives on Apple Pay, cross-border invoices and J.P. JPMorgan Takes On Square And PayPal At The Point Of Sale. PayPal is jumping into the world of digital currency , allowing those who have wallets to purchase, sell, and keep tokens such as ethereum, bitcoin, litecoin and bitcoin cash in their PayPal accounts.

Invoicing 59

Invoicing Healthcare Forecasting Currencies 59

PYMNTS

AUGUST 11, 2020

In a move that lets small businesses take card payments and monitor income, accounting platform Clear Books has integrated with Stripe. The connection enables small businesses with a Clear Books account to take invoice payments by credit and debit card, according to an announcement.

Accounting 65

Accounting Foreign Exchange Invoicing Currencies 65

CFO Share

SEPTEMBER 27, 2022

Unfortunately, accounting processes are more complex than fixing your truck, and while many businesses benefit from hiring in-house accounting and bookkeeping, others do not. Knowing which category your business fits in is critical to deciding whether or not to hire in-house for accounting and bookkeeping. .

Accounting 40

Accounting Accounts Payable Invoicing Manufacturing 40

PYMNTS

SEPTEMBER 17, 2020

Cloud-based clearing bank ClearBank has begun offering multi-currency bank accounts using an API, according to a press release. Beginning in the fourth quarter this year, the bank will allow users to access over 30 multi-currency accounts. ClearBank's capabilities make it doable for Oxbury Bank to loop into U.K.-based

Currencies 64

Currencies Accounting Banking Foreign Exchange 64

PYMNTS

SEPTEMBER 4, 2019

Late payments have caught the attention of regulators around the world, and of FinTechs exploring ways to accelerate cash flow for B2B companies struggling to make a profit when invoices are left unpaid. And poor payments behavior by customers could be an early indicator for sales or customer success. The AR-Cash Flow Connection.

Cash Flow Forecasting 61

Cash Flow Forecasting Accounting Forecasting Accounts Payable 61

PYMNTS

MARCH 11, 2020

Accounts receivable (AR) is a function that spreads across multiple tasks of an enterprise, from corporate finance to sales teams and vendor relationship management initiatives. Data is at the heart of not only automating much of the manual workload of AR, like chasing unpaid invoices and resolving disputes. Even in the U.S.,

Corporate Finance 52

Corporate Finance Accounting Finance Invoicing 52

PYMNTS

MAY 4, 2018

Amazon Business is introducing a new invoicing feature that could impose cash flow pressure on sellers, according to AuctionBytes. sellers on the B2B eCommerce platform, advising them of the launch of Pay by Invoice. percent of the total invoice cost. The program reportedly launches on June 30 of this year.

Invoicing 49

Invoicing B2B Credit Risk eCommerce 49

Future CFO

AUGUST 1, 2023

According to IDC's 2023 Future SMB and Midmarket Survey , 50% of surveyed respondents (driven by SMBs) in Asia/Pacific state that they will automate their financial and accounting processes through cloud applications in the next 18 months. "As This can be time-consuming and lead to errors when handled manually.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

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 64

Accounts Payable Accounting Invoicing Technology 64

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 81

Startups Accounting General Ledger Forecasting 81

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 98

Nonprofit Invoicing General Ledger GAAP 98

PYMNTS

JULY 25, 2017

Small business accounting platform MYOB is helping some clients chase down unpaid invoices through a new partnership with ezyCollect. “Every small business that has done the work and issued the invoice has the right to be paid on time,” Singh told the publication.

Invoicing 49

Invoicing Accounting Sales Planning 49

CFO Share

MARCH 15, 2024

Invoicing and Collections: Every invoice sent and every payment followed up on means securing what your business rightfully earns. Comprehensive Picture: With a consolidated view through your accounting software, you’re armed with insights, essential to navigate any financial storm. What Methods Improve Cash Flow?

Invoicing 52

Invoicing Cash Management Compliance Finance 52

PYMNTS

FEBRUARY 1, 2021

The iDocuments platform integrates with all leading ERP and accounting systems, including SAP Business One, Sage, Infor SunSystems, Exchequer and Microsoft Dynamics, the release says. The product suite includes Purchasing, AP Automation, Expense Automation and Management, and Sales Order Automation, according to the release.

Accounting 43

Accounting Accounts Payable SAP B2B 43

CFO Share

JULY 20, 2021

What does a Forensic Accountant Do? Forensic accounting services investigate the disappearance of cash in a business, document definitive proof, and assist in the recovery of cash including negotiation, prosecution, and expert witness testimony. When should business owners engage forensic accounting services? Fake vendor fraud.

Accounting 52

Accounting Profit and Loss Auditing Invoicing 52

PYMNTS

FEBRUARY 11, 2020

Cloud accounting firm Xero and payments services company Square are collaborating to offer small businesses a tool for faster invoicing and payments, according to reports on Tuesday (Feb. Small and medium-sized businesses (SMBs) using Xero can email invoices with the built-in Square payment functionality. and Ireland.

B2B 83

B2B Invoicing Reconciliations Sales 83

PYMNTS

APRIL 29, 2020

The report also dives into the need for localized eCommerce payments and how platforms can ease digital merchants’ cross-border sales. Merchants can use artificial intelligence (AI) tools to help detect and thwart account takeovers and other attacks, however, Sevounts explained. Around The eCommerce Payments World.

Sales 77

Sales eCommerce Risk Analysis Currencies 77

Bramasol

APRIL 8, 2022

Key topics will include: • Sales Order Management (SOM) • Convergent Charging / Convergent Invoicing (CC/CI) • Contract Accounts Receivable and Payable (FI CA) • Convergent Mediation (CM). If you’re implementing subscription-based offerings, don't miss this webinar.

Compliance 95

Compliance SAP Invoicing Sales 95

PYMNTS

FEBRUARY 14, 2019

Cloud-based accounts payable solution provider Esker is teaming up with document services unit Fuji Xerox to deploy accounts payable solutions across the Asia Pacific region, the companies announced on Wednesday (Feb. Moving forward the firms will expand the offering to Australia, Hong Kong and Singapore.

Accounts Payable 43

Accounts Payable Accounting Invoicing Construction 43

PYMNTS

JUNE 25, 2020

As accounts payable (AP) and accounts receivable (AR) operations continue to converge for many organizations, buyers and suppliers are increasingly acknowledging the value of using each other’s technology platforms to promote stronger B2B relationships. Peasy recently launched in the U.K. Esker Adds Credit Tech To AR Platform.

Invoicing 112

Invoicing Accounts Payable B2B Currencies 112

PYMNTS

NOVEMBER 4, 2019

where a collective $3 trillion is tied up in businesses’ outstanding accounts receivable (AR). Traditional B2B AR methods can involve preparing and mailing invoices, depositing those checks and waiting for funds to settle. Virtual terminals enable merchants to onboard clients and then automatically invoice and collect payments.

Technology 40

Technology Accounting Invoicing B2B 40

CFO Simplified

AUGUST 18, 2022

The cash gap, also known as the “Cash Conversion Cycle” (CCC), measures the time between when you need to write a check for your payables or payroll and when you receive payment of the invoices for the items you’ve sold. Days’ Receivables = Accounts Receivable / (Annual Sales / 365). Beware of Aging Accounts Receivable.

Accounts Payable 105

Accounts Payable Invoicing Accounting Sales 105

PYMNTS

FEBRUARY 19, 2019

The FSB’s own data found that each small supplier is owed an average of $7,391 in outstanding invoices. What will help, though, is the integration of technologies like artificial intelligence (AI) and predictive analytics, enabling companies to adopt what Richardson described as a “predict and prescribe” approach to accounts receivable.

Accounting 75

Accounting Cash Management B2B Invoicing 75

Navigator SAP

FEBRUARY 17, 2022

Here are some of the top ERP functional areas of management: Accounting and Finance As money flows in and out, how many software solutions are you using to keep tabs on where it’s going? Marketing and Sales Artificial intelligence helps marketing and sales teams automate processes and save a lot of time with administrative tasks.

SAP 130

SAP Invoicing Manufacturing Compliance 130

PYMNTS

JUNE 15, 2017

Cloud company Vlocity and invoicing company Globys are teaming up to target the communications industry and provide its members with a streamlined procurement solution. Globys specializes in invoice-to-cash solutions for B2B suppliers in the subscription economy, the company explained in the Wednesday (June 14) announcement.

Accounting 42

Accounting Accounts Payable Invoicing Communication 42