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FEBRUARY 11, 2023

Sage Intacct and more modernized systems are building the foundation for continuous accounting without the need for ongoing work — data calculations, reconciliations, and the collection of financial information — from your finance staff.

Accounts Payable 62

Accounts Payable Reconciliations Leverage CFO 62

PYMNTS

NOVEMBER 16, 2020

Mastercard has added a new Account-to-Account (A2A) service to its Track Business Payment Service , to help businesses exchange data more efficiently and perform payments across multiple rails, a press release says. The Track Business Payment Service was rolled out in the U.S.

Reconciliations 81

Reconciliations B2B Leverage Accounting 81

PYMNTS

JANUARY 28, 2021

This week's look at the convergence between accounts receivable (AR) and accounts payable (AP) finds this tactic expanding in the corporate card arena, while another FinTech aims to boost cross-border payment traceability for both payer and payee. iBanFirst Boosts Payment Visibility For Buyers, Suppliers.

Accounts Payable 61

Accounts Payable Reconciliations B2B Accounting 61

PYMNTS

JUNE 10, 2020

The new partnership will combine “global open banking initiatives, Samsung SDS’ Nexledger Universal platform and Credorax’s industry expertise” in order to provide automatic payment reconciliation, remittances and invoices for B2B payments. The effect will be to eliminate the need for manual tasks for those functions.

Reconciliations 53

Reconciliations Banking B2B Invoicing 53

CFO Leadership

OCTOBER 10, 2023

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. AI is a tool and not a replacement for finance professionals.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

Future CFO

NOVEMBER 6, 2023

He said he was able to shorten the preparation of his monthly management accounts from basically one full day to just less than five minutes using new technology. Mo said they have also automated the entire process of making the management accounts, noting how they transition from the usual manual processes then. Amazing, right?”

Finance 98

Finance Reconciliations Leadership Technology 98

PYMNTS

JULY 3, 2018

New research suggests a vast divide between businesses that have embraced technology and electronic processes in the accounts payable department and businesses that instead prefer to retain those paper invoices and checks. The report also noted that STP extends opportunities like early payment discounts to the accounts payable department.

Accounts Payable 41

Accounts Payable Accounting Invoicing Reconciliations 41

PYMNTS

FEBRUARY 11, 2020

The Royal Bank of Canada (RBC) is the first Canadian financial institution to offer businesses Interac eTransfer: Bulk Request Money for the efficient management of accounts receivable (AR), RBC announced Tuesday (Feb. We’ve digitized the manual reconciliation process and eliminated the need for expensive, paper-based [checks].

Banking 57

Banking Reconciliations Treasury Leverage 57

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

PYMNTS

NOVEMBER 11, 2020

Back office modernization is in the spotlight like never before, and solutions that streamline accounts payable (AP) and accounts receivable (AR) functions are in high demand. Capital Management Leans Into Digital.

Accounts Payable 87

Accounts Payable Invoicing Treasury Reconciliations 87

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. Most of the attendees of the conference are accounting professors from colleges all around the country, but some were from outside the US as well.

Technology 40

Technology Accounting Auditing Reconciliations 40

Adam Kae

MAY 30, 2023

By integrating accounting software, such as QuickBooks or Xero, with our project management tools, we can automate the creation, delivery, and tracking of invoices. Manual expense tracking and reconciliation are prone to errors, not to mention the countless hours wasted in paperwork.

Marketing 52

Marketing Invoicing CFO Reconciliations 52

PYMNTS

FEBRUARY 27, 2019

Slovenia is due to see an instant payments platform launch from Bankart this month, while Malaysia has a new solution of its own, enabling instant credit transfers to bank accounts using details such as mobile phone numbers or national IDs. New initiatives are also rising in the U.S., Get the full story in the Tracker.

Reconciliations 57

Reconciliations Risk Management Leverage Securities 57

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

Bramasol

SEPTEMBER 12, 2022

Throughout the evolution of SAP RAR, the product roadmap has been closely aligned with SAP S/4HANA to proactively address the widening impacts of revenue accounting requirements across the entire enterprise. Other key advantages include: Enhanced disclosure and reporting support for revenue accounting. Early termination of contracts.

SAP 85

SAP IFRS Compliance Invoicing 85

PYMNTS

APRIL 8, 2020

These capabilities are especially in demand in Singapore — DBS ’s home base — where the public sector continues to leverage technology to bring greater convenience to both consumers and businesses. They want to be able to pay and go, and merchants dealing with people want money returned into their accounts instantly, too.”.

Banking 99

Banking eCommerce Leverage Reconciliations 99

PYMNTS

JULY 23, 2020

GEP , which works in procurement and supply chain strategy, has launched its new accounts payable (AP) solution, which will help automate AP services through cloud technology, artificial intelligence (AI) and machine learning (ML), according to a press release. “GEP’s AP Automation solution is not an upgrade of a legacy system.

Accounts Payable 56

Accounts Payable Invoicing Reconciliations B2B 56

PYMNTS

DECEMBER 2, 2020

Mark Aquilina , senior vice president of product and strategy at WEX , told PYMNTS that’s partly because digitization of accounts receivable (AR) lags behind that of accounts payable (AP) on the technological front.

B2B 79

B2B Invoicing Accounts Payable Reconciliations 79

PYMNTS

OCTOBER 17, 2017

17), Visa said it is tackling that issue through a new partnership with accounts receivable (AR) and cash management company Billtrust. Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

JULY 22, 2020

“We leverage these insights to provide quicker and more cost-efficient financing to suppliers much earlier in the cycle, as compared to conventional post-shipment supplier financing programs.

Finance 53

Finance Banking Reconciliations Prioritization 53

PYMNTS

NOVEMBER 7, 2018

“LVMH’s volume of cross border payments presented unique challenges for the company, and we are pleased to provide the tools needed to leverage these emerging opportunities.”. LVMH Group plans to expand its SWIFT gpi implementation across its full cross-border payment network, which processes more than 1.5 million payments annually.

Treasury 58

Treasury Reconciliations Leverage eCommerce 58

PYMNTS

SEPTEMBER 16, 2020

Banking and accounting for U.K. SMEs remains a highly concentrated industry, with the majority of business current accounts (BCAs) still provided by a small group of the largest banks," said Countingup Founder and CEO Tim Fouracre in a statement. Salt Edge To Automate SMB Data Aggregation For Deskera.

Banking 56

Banking Concentration Reconciliations Invoicing 56

PYMNTS

JUNE 26, 2019

The company launched the new Finances API, which aims to give developers a better view of eBay transactions and to allow for easier payouts to banks accounts. It also helps sellers with accounting and reconciliation. Also, the Fulfillment API now lets managed payments sellers give full or partial refunds to buyers. “We

Reconciliations 56

Reconciliations Advertising Leverage Sales 56

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.

Reconciliations 65

Reconciliations Financial Data Leverage Accounting 65

PYMNTS

DECEMBER 28, 2020

The banks are typically focused on what might be deemed more “traditional” workflows within the accounts payable (AP) department — marked by payment files coming out of enterprise resource planning (ERP) systems, where manual processes and legacy technologies have been hallmarks. Where The Banks Are Focused .

B2B 86

B2B Accounts Payable Treasury Reconciliations 86

PYMNTS

SEPTEMBER 27, 2017

Using robotics process automation , accounting software company FloQast is rolling out a new solution to automate reconciliation processes. The firm said that Cloud Connect enables accounting teams to use existing cloud infrastructure to sync financial data stored in on-premise ERP systems into the cloud.

Reconciliations 40

Reconciliations Financial Data Leverage Accounting 40

PYMNTS

DECEMBER 11, 2020

As for the paper checks themselves, even in the 21st century: They can account for as much as 40 percent of all medical claim payment transactions and 88 percent of all dental claim payments. Artificial intelligence (AI) is being leveraged to adjudicate the claim and issue the payment immediately, he said. “In

Healthcare 67

Healthcare Reconciliations Invoicing Numbers 67

PYMNTS

OCTOBER 30, 2020

SMBs often lack the resources to embrace systems that can generate and issue truly electronic purchase orders, and they similarly often lack the leverage to require their own vendors to issue electronic invoices. What It Means to Be Digital. There will certainly be people who pay without thinking, 'What's going on here?'".

Invoicing 110

Invoicing Cash Flow Forecasting Reconciliations Forecasting 110

Future CFO

SEPTEMBER 17, 2020

In securities, financial institutions will benefit from improved reconciliation, reporting and asset servicing processes as well as end-to-end visibility of transactions to reduce settlement fails and fines, SWIFT added.

Benchmarking 40

Benchmarking Reconciliations Leverage Securities 40

PYMNTS

JANUARY 19, 2021

With virtual payments, buyers gain from being able to increase their days payables outstanding by leveraging their credit lines on their commercial card products. The office supply firm, through its STP connection, receives the funds from the virtual card directly into their commercial bank account of choice.

B2B 93

B2B Invoicing Reconciliations Treasury 93

PYMNTS

NOVEMBER 13, 2020

In Canada , one of the most popular means of instant payments is the Interac eTransfer service, which facilitates real-time movement of funds from one account to another. One of the biggest opportunities in real-time payments, according to Beattie, is they can arm SMBs with leverage when working with their vendors.

Reconciliations 75

Reconciliations Leverage Economics Finance 75

The Finance Weekly

OCTOBER 30, 2023

Leading software leverages , AI to automate tasks like transaction categorization and account reconciliation. The time has come to decide: embrace AI or risk falling behind the curve. AI Benefits to Businesses AI-driven tools prove invaluable for small businesses in financial management.

Reconciliations 52

Reconciliations Forecasting Leverage Technology 52

The Finance Weekly

APRIL 27, 2022

In order to mitigate check and payment tampering risk, for example, first address delegation of responsibility issues, utilize check logs, leverage the bank’s positive pay controls, and then review account reconciliations. Leverage closing checklists. Lock prior periods once the close is done.

Leadership 52

Leadership Financial Planning and Analysis (FP&A) CFO Communication 52

The Finance Weekly

FEBRUARY 22, 2023

This includes raising capital, managing cash flow, accurately accounting for business activity, and forecasting future performance. However, they usually lack a strong financial background, and it's essential to have effective finance and accounting support for a business to thrive.

Startups 52

Startups Finance CFO Forecasting 52

Planful

FEBRUARY 21, 2017

It usually begins with the collection of financial results from multiple systems, divisions, and subsidiaries with each having their own charts of accounts and business practices. Leveraging spreadsheets and email to manage the financial close and reporting process may work for smaller companies with simple requirements.

Reconciliations 40

Reconciliations IFRS GAAP Leverage 40

PYMNTS

JULY 23, 2018

” PayStand noted that the network will focus on improving the payments lifecycle, from accounts receivable to invoice reconciliation. In the program, the company said it will look at how to leverage program mentors to support the development of the network.

B2B 40

B2B Reconciliations Invoicing Leverage 40

PYMNTS

NOVEMBER 12, 2020

In an interview with PYMNTS, Lisa Shields , founder and CEO of FISPAN said advanced technologies can help capture new types of data — and leverage that data to offer more relevant products and services. Reconciliation should be an intuitive process, she added. This is the No.

Banking 88

Banking Invoicing Reconciliations Treasury 88