Future CFO

MARCH 14, 2024

Talent shortage among accounting staff continues to persist in many parts of the world including Southeast Asia, with the issue being most felt by small accounting firms that struggle to compete with the big accounting firms: KPMG , PwC , Ernst & Young , and Deloitte.

Accounting 98

Accounting Finance Financial Analysis Compliance 98

The Charity CFO

APRIL 1, 2024

Implementing technology into your nonprofit accounting process can help solve a variety of issues—from tracking receipts to properly recording donations. In most cases, technology helps improve the efficiency and accuracy of nonprofit accounting. You’ll need to use the right technology systems to get these benefits.

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

CFO Leadership

APRIL 2, 2024

The start of 2024 saw several high-profile accounting mistakes with companies having to publicly correct their quarterly earnings statements. While the specific causes of the errors were unclear, the incidents had many pointing the finger at a burgeoning risk factor: the shortage of certified public accountants.

Accounting 52

Accounting Compliance Accounts Payable Budgeting 52

PYMNTS

AUGUST 24, 2020

In a case that highlights how anybody — truly, anybody — can be a victim of invoice fraud, federal officials have reportedly charged two brothers in New York State for an alleged $19 million scam targeting Amazon. Attorney Audrey Strauss described the scam as "a new twist on an old trick" through the use of "complex technology.".

Invoicing 119

Invoicing B2B Accounts Payable Securities 119

Future CFO

DECEMBER 28, 2022

The invoicing process encompasses much more than simply creating and transmitting an invoice. The total process cost per invoice includes the total cost of personnel, outsourcing, systems, overhead, and other allocations to these activities. per invoice. per invoice. Source: APQC. and top performers spent US$2.00.

Invoicing 52

Invoicing Accounts Payable Accounting Leadership 52

PYMNTS

JULY 27, 2020

Although there are countless ways a cybercriminal can swindle funds from a company — either from the outside or within — it’s often the invoice at the center of the crime. This week’s Data Digest looks at the latest in B2B payments fraud and the invoice’s role in supplier payment redirect scams, credential theft and more.

Invoicing 101

Invoicing Accounts Payable Advertising B2B 101

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.

Invoicing 67

Invoicing Accounts Payable Compliance Accounting Firms 67

PYMNTS

NOVEMBER 25, 2020

Companies long-used to sending and receiving paper invoices and checks are finding that digital methods can deliver funds and billing information at a far faster clip. This could mean adopting new accounts payable (AP), accounts receivable (AR) and other treasury strategies and technologies, for example.

Invoicing 95

Invoicing Accounts Payable B2B CFO 95

PYMNTS

DECEMBER 17, 2018

14) that it is introducing an invoice automation feature. The company said its Kodak Services for Business will include invoice automation as the company pushes for further accounts payable (AP) automation capability. The function, based in the cloud, automates invoice capture and data entry, as well as invoice validation.

Accounts Payable 49

Accounts Payable Invoicing Accounting Technology 49

Future CFO

MAY 15, 2022

Finance leaders may have noticed one invoicing trend that emerged in the last couple of years – the way invoices arrive at their organisations has quite clearly changed. Now, with remote and hybrid work commonplace, most invoices are delivered through employees’ and the finance team’s email accounts.

Invoicing 52

Invoicing Accounts Payable SAP Finance 52

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 93

Invoicing Accounts Payable Auditing Accounting 93

PYMNTS

MAY 20, 2020

To that end, Ajay Agrawal , CEO and founder of SirionLabs , told PYMNTS, “invoice leakage” occurs when firms do not have the ability to review invoices from their suppliers on a “granular level,” which leads to missed opportunities to spot discrepancies. Moving Beyond ‘Passive Elements’.

Invoicing 78

Invoicing Auditing Technology Economics 78

CFO Simplified

JULY 24, 2022

How Does a Fractional CFO Work with a Remote Accounting Team? Technology and the business climate have dramatically affected how businesses function. But even with all of those changes, the accounting function has remained essentially the same. Managing a Remote Accounting Team. Its purpose? Activities, and .

Accounting 96

Accounting CFO Invoicing Manufacturing 96

PYMNTS

MAY 12, 2020

To automate accounts payable (AP) procedures, Ephesoft, Inc. rolled out its Semantik Invoice cloud-based data acquisition product. ” The reader technology of Ephesoft recognizes important fields like invoice date, ship date and terms, among other data. .” days, AP processing is ripe for innovation.”

Invoicing 68

Invoicing Accounts Payable Forecasting Accounting 68

PYMNTS

DECEMBER 11, 2020

Manual accounts receivable (AR) processes are a headache for any administrative professional. In the accounting profession, manually having to determine the fiscal value of services provided, and creating physical documents to bill clients, is a significant use of valuable time that could otherwise be spent on driving revenue for the firm.

Accounting 89

Accounting Invoicing Accounting Firms Forecasting 89

PYMNTS

MAY 13, 2020

Accounts payable (AP) tools that provide quick, detailed oversights of businesses’ financial statuses and payments obligations can help pick up the pace of payments by keeping invoice approval processes on track. Three-Way Invoice Matching Brews Up Better AP Processes. Around The AP Automation World. About The Tracker .

Invoicing 79

Invoicing Accounts Payable B2B Budgeting 79

PYMNTS

JANUARY 13, 2021

When employees cannot be physically in an office to send or receive paper invoices and purchase orders, the ability to electronically transmit data on those documents to the appropriate business partner is key as work-from-home requirements continue. The Value Of EDI. Any EDI message is below 20 cents. It's a huge cost savings.".

Invoicing 56

Invoicing Accounts Payable B2B Communication 56

PYMNTS

JANUARY 7, 2021

Payment processing technology developer PayJunction has rolled out a digital invoice function for companies that harness its virtual terminal offering, according to a Thursday (Jan. The company’s invoice functionality grows use cases from usual billing scenarios. 7) announcement.

Invoicing 61

Invoicing Construction Securities Technology 61

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

PYMNTS

APRIL 23, 2020

Business payment and accounting solutions provider Gilded said that digital currency data provider CoinMarketCap has implemented its cryptocurrency payment technology, according to an announcement. Our solution puts digital currency payments and accounting on autopilot, so businesses can focus on innovation and growth.”.

Technology 78

Technology Invoicing Currencies Leverage 78

PYMNTS

APRIL 16, 2020

To help businesses impacted by the coronavirus, Taulia has rolled out its Rapid Start Invoicing offering. The Rapid Start Invoicing solution will help businesses digitize their AP processes and make payments on time or even earlier.”. With BPOs and shared services centers closed, companies can’t process their paper invoices any longer.

Invoicing 60

Invoicing Accounts Payable Accounting Finance 60

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 66

Invoicing Accounts Payable Reconciliations B2B 66

PYMNTS

MAY 14, 2020

Invoice inaccuracies caused by either honest mistakes or deliberate fraud quickly add up if not caught and corrected, and unexpected monetary drains cause budgets to fall short of projections. Three-Way Invoice Matching. Forry noted that automating invoice processing and using three-way matching help prevent billing mistakes.

Invoicing 89

Invoicing Retail Accounts Payable Manufacturing 89

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 80

Accounting Invoicing Budgeting Forecasting 80

Future CFO

SEPTEMBER 13, 2023

BlackLine said it has announced the first AI-enabled intercompany accounting capabilities. Failures result in billing, invoicing, reconciliation, and settlement delays while adding time, inefficiency, and frustration to an organisation’s intercompany operations, BlackLine note.

Accounting 52

Accounting Reconciliations Invoicing Currencies 52

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 77

Accounting SAP GAAP IFRS 77

PYMNTS

OCTOBER 20, 2020

Accounts payable and payments automation solution MineralTree has added automated PO and invoice matching for cloud-based accounting and financial management platform Sage Intacct , a press release says.

Invoicing 52

Invoicing Accounts Payable Reconciliations Healthcare 52

PYMNTS

SEPTEMBER 22, 2020

To automate the transformation of machine-readable PDFs to digital invoices, Basware has rolled out SmartPDF AI in the newest expansion of its SmartPDF offering. The tool uses information taken from past invoices through a cutting-edge machine learning (ML) model, according to a Tuesday (Sept. 22) announcement.

Accounts Payable 85

Accounts Payable Accounting SAP Invoicing 85

PYMNTS

JANUARY 13, 2021

The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. Shields noted that accurately predicting anticipated invoice payment dates can have ripple effects throughout an organization. “No The problems are analog.

Accounting 94

Accounting Invoicing B2B Treasury 94

PYMNTS

DECEMBER 10, 2020

Increasingly, FinTechs and the businesses they serve are pulling double duty with solutions that tackle both accounts receivable and accounts payable friction for each end of the B2B transaction. Digitizing and modernizing B2B payments cannot be a one-sided effort. Wells Fargo, Bill.com Pull Double Duty With Partnership.

Accounts Payable 60

Accounts Payable Accounting B2B Invoicing 60

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

FEBRUARY 12, 2020

Accounts receivable automation and eInvoice company Biller Genie has updated its service and added support for popular payment tools as well as emerging ones, to allow for faster invoicing, according to a release. . Biller Genie automates normal workflow procedures, no matter how an invoice is generated.

Invoicing 60

Invoicing Accounting Planning Technology 60

PYMNTS

DECEMBER 10, 2019

Accounts payable invoice automation provider Invoice Stream is integrating its technology into payments services provided by Usio. In a statement, Usio EVP and Chief Revenue Officer Vaden Landers said the costs and friction associated with receiving and paying paper invoices create a struggle for companies today.

Invoicing 52

Invoicing B2B Accounts Payable Marketing 52

PYMNTS

JUNE 17, 2020

-based startup, wants to help businesses get invoices paid faster, according to a press release. The idea behind Peasy is to link a company with automated accounting software and offer cash incentives for paying earlier. The rewards are funded by the supplier, usually at 1 percent to 5 percent of the invoice values, the release states.

Invoicing 56

Invoicing Accounts Payable B2B Startups 56

PYMNTS

JUNE 2, 2020

To provide non-touch invoice processing and support remote work, SoftCo rolled out its SoftCo ExpressAP accounts payable (AP) automation technology. SoftCo ExpressAP removes costly manual invoice processes, enforces cost control, and supports a safe remote working environment.”.

Invoicing 52

Invoicing Accounts Payable Vendor Management Accounting 52

PYMNTS

JANUARY 24, 2021

Business software maker Cygnet Infotech has updated its FACE ( Financial Accounting Comprehensive and Easy ) accounting software platform, according to a published report. The new version supports accounting for multiple companies working in multiple currencies, among other aspects, the report stated.

Accounting 71

Accounting Compliance Invoicing Currencies 71

PYMNTS

JUNE 29, 2020

According to Ashutosh Saitwal , founder and CEO of newly launched data management platform KlearStack , one area of the enterprise that is struggling the most with this challenge is accounts payable (AP). The Invoicing Challenge. Unstructured data can cause headaches all across the enterprise.

Accounting 60

Accounting Accounts Payable Invoicing Technology 60