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

CFO News Room

DECEMBER 28, 2022

The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in December 2019, brought a wide range of changes to the retirement planning landscape, from the death of the ‘stretch’ IRA to raising the age for Required Minimum Distributions (RMDs) to 72. In addition, SECURE 2.0 In addition, SECURE 2.0

Planning 130

Planning Securities Accounting Tax Planning 130

Bank of the West

NOVEMBER 22, 2021

” These real-time collection platforms trigger payments from bank accounts for collections. Unlike an instant direct debit, companies that request payments can pull funds directly from the customer’s bank account with due authorization. They can then make the payment on the spot or, if preferred, in a few days.

Treasury 98

Treasury Reconciliations Banking B2B 98

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. The numbers came out to $2.5 US CFOs Consider How to Use Cash Reserves. trillion as well.

B2B 85

B2B Banking Reconciliations Currencies 85

CS Lucas

APRIL 28, 2023

Enhanced fraud prevention: The use of automated systems for transferring files reduces the risk of tampering, improving security. The bank statements and balances provide up-to-date information on the account balances and transactions, which are essential for cash planning and fund tracking.

Banking 52

Banking Reconciliations Transportation Securities 52

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. As might be expected, security remains top of mind for any payment platform, and where Deluxe conducts background and security checks on participants.

Healthcare 67

Healthcare Reconciliations Invoicing Numbers 67

PYMNTS

JUNE 3, 2019

Patient records numbering around 11.9 Quest revealed the information in a securities filing. Over that period of time, a hacker was privy to credit card numbers, bank accounts, Social Security numbers, medical information and other personal data. UnitedHealth said its computers were not affected.

Healthcare 53

Healthcare Reconciliations Securities Numbers 53

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. Deep Dive: Security in the Time of Faster Payments. Get the full story in the Tracker.

Reconciliations 57

Reconciliations Risk Management Leverage Securities 57

PYMNTS

NOVEMBER 16, 2020

Keys can be the user's social security number, mobile phone number, or email address, providing a level of security and identification above the SITRAF rails. A merchant is not so much concerned about having the money at his accountant at the given second. It takes consumer data to make PIX work.

Nonprofit 131

Nonprofit Reconciliations Banking Securities 131

PYMNTS

JANUARY 30, 2020

These 16-digit credit card numbers are created for one-time purchases at set amounts, and the convenience, security and speed they provide are allowing them to take hold in the B2B payments space. The cards are also linked to checking or other payment accounts, and expire at designated times. For example, a firm that earns 0.5

B2B 71

B2B Invoicing Accounts Payable Reconciliations 71

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. ” For suppliers, meanwhile, virtual cards offer enhanced security without having to alter card acceptance workflows.

Invoicing 66

Invoicing Accounts Payable Reconciliations B2B 66

PYMNTS

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. These firms are finding that managing both systems in the cloud offers the flexibility and security needed to streamline invoicing and cut costs, while keeping operations running as smoothly and accurately as possible.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

PYMNTS

MAY 6, 2019

Customers, on the other hand, need to be assured that their PII, such as credit card or bank account numbers, will remain safe. . The movement of money is initiated when the merchant’s bank requests to “pull” money out of the customer’s account and place it into the merchant’s. Security and Recordkeeping.

B2C 44

B2C Reconciliations Invoicing Securities 44

CFO Leadership

MARCH 31, 2022

Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. In the past few years, the number of global mergers and acquisitions has reached an all-time high. Define signatory and approval workflows to control bank account activity.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

JANUARY 14, 2020

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. In the latest report, however, six features were viewed this way, including fraud and security (78.3 percent), 24/7 year-round service (76.9

Accounts Payable 53

Accounts Payable Reconciliations Construction Treasury 53

PYMNTS

SEPTEMBER 26, 2019

Consumers, businesses and governments are seeing faster payments as a path to greater convenience and financial security, and this growing demand is spurring payments services providers (PSPs) to meet this need in a swift, secure manner. These methods have subtle distinctions as well as different advantages, risks and use cases.

Reconciliations 67

Reconciliations Accounting Invoicing Banking 67

CFO News Room

NOVEMBER 2, 2022

In the United States, Registered Investment Advisers (RIAs) are required to register in one of 2 ways: with the Federal government (namely the SEC) or with one (or more) state securities regulatory agencies. The Brochure Supplement – Form ADV Part 2B. The Brochure Supplement is the sister disclosure document to the Brochure.

Compliance 130

Compliance GAAP Investments Advertising 130

PYMNTS

JUNE 9, 2020

With accounts payable (AP) departments no longer able to step into their offices to print, sign and send checks, supplier payments quickly moved to the center of companies’ modernization discussions. But according to Anderson, there are other ways corporates can further mitigate the friction of modernizing accounts payable.

Accounts Payable 53

Accounts Payable Reconciliations CFO Accounting 53

Planful

JANUARY 19, 2016

When I was a staff accountant back in the mid-1980s, I remember spending many nights and weekends working to close the year-end books. Then we would key the numbers into a spreadsheet and perform the currency translations there. (I Intercompany reconciliations were a nightmare, with many phone calls to the foreign subs.

IFRS 40

IFRS GAAP Reconciliations Auditing 40

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

PYMNTS

JANUARY 29, 2020

To be competitive in the P2P space today, especially at the mid- to high-end of the market, the investment would be millions of dollars and a number of years of development,” he said. “By Who could be more trusted with securing data and ensuring the process integrity of strategic purchasing and payments? Unlocking Data to Unlock Value.

Banking 52

Banking Accounts Payable Vendor Management Reconciliations 52

PYMNTS

JUNE 15, 2018

In India , Marg ERP, which makes inventory and accounting software, is linking with ICICI Bank , the nation’s largest private sector bank by consolidated assets. The partnership will offer integrated payments to micro, small and mid-sized enterprises, using the former’s accounting software.

Compliance 46

Compliance Reconciliations Invoicing Banking 46

The Finance Weekly

OCTOBER 13, 2021

When a firm spends weeks reconciling accounts, closing the books, and reporting earnings to stakeholders, moving quickly is challenging. It's impossible to optimize financial closing processes without first taking into account the hundreds of steps and people involved. Think through the “extended” process.

Mergers and Acquisitions (M&A) 52

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

Spreadym

JUNE 19, 2023

Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. If shortfalls are projected, proactively develop strategies to address them, such as securing additional financing or adjusting expenses. Optimize Cash Flow: Identify opportunities to enhance your cash flow.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

PYMNTS

OCTOBER 1, 2019

However, the banks that have been and will be successful are the ones that see faster payments as the “new normal” for payments, clearing and settlement — and with the “new normal” comes new ways to do everything, from account-to-account payments to transfers across borders.

B2B 69

B2B Reconciliations eCommerce Banking 69

PYMNTS

NOVEMBER 29, 2016

Previously, businesses using Conferma virtual cards to book travel would have to create the virtual card number in Conferma then copy and paste that number into Sabre to book a reservation. In an interview with Business Travel News , Fyfe added that their collaboration ensures payments security for corporate clients as well.

Reconciliations 48

Reconciliations Numbers Securities Accounting 48

PYMNTS

APRIL 2, 2019

BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts. Few clients give out email addresses and phone numbers, too, which creates a tokenization barrier and prevents them from transacting more securely. How RTP Has Changed the Bill Payments Game.

Treasury 49

Treasury Reconciliations B2B Invoicing 49

Future CFO

OCTOBER 23, 2019

The rise of RPA has unlocked greater efficiencies by automating processes, such as the reconciliation of zero-balance accounts, and it also allows finance teams to take a more holistic look at the financial close process. FutureCFO: How can CFOs work with IT to achieve higher data visibility?

Finance 40

Finance Reconciliations Communication CFO 40

PYMNTS

DECEMBER 1, 2016

“After the successful implementation of our credit card operation, TSYS has been selected to provide our debit card services, having demonstrated they can provide a similar secure and resilient solution to support our current account proposition,” said Mark Parker, chief operating officer for Virgin Money , in the press release. “We

Reconciliations 40

Reconciliations B2B Accounting Securities 40

PYMNTS

MARCH 23, 2017

Receivable Savvy, an accounts receivable and order-to-cash management firm, wants suppliers to see Same Day ACH as an opportunity to bolster cash flow. Its 2017 Perceptions Study found that 80 percent of B2B supplies said their number one issue in accounts receivable is to receive payment faster.

B2B 54

B2B Invoicing Reconciliations Education 54

PYMNTS

MARCH 17, 2020

Businesses continue to embrace the growing number of FinTech solutions available, a trend that traditional financial institutions (FIs) cannot afford to ignore. While banks provide the global scale and security treasurers need, FinTechs can provide targeted solutions and an elevated user experience. Providing Forward-Thinking Scale.

Treasury 69

Treasury Reconciliations Banking Compliance 69

PYMNTS

JUNE 3, 2020

may have been slow to embrace the cloud, in a way the market has itself leapfrogged over others around the globe through its open banking regulations, which opened the door for challenger banks and agile FinTechs to launch and loop into bank account data. While the U.K.

Reconciliations 52

Reconciliations Banking Technology Accounting 52

PYMNTS

APRIL 12, 2016

The virtual card has gained attention in recent years for its ability to not only digitize corporate payments but to safeguard them, often coming in the form of a one-time-use card number designated for a specific purchase category and value. But what a commercial card can’t do as well as a virtual card is security.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

JULY 4, 2016

The majority of corporations also said they manage more than 100 accounts, a feature that “makes it very difficult to implement consistent payment processes, controls and formats, adding significantly to the cost and risk associated with payments,” FIS concluded. “What role can the treasurer play in security?

Treasury 41

Treasury Reconciliations Cash Management Banking 41

PYMNTS

JANUARY 19, 2017

Doing so, they say, means they get paid faster and more securely, making it worth the cost associated with card acceptance. The virtual card number is a really great technology when you have thousands of payments going out on a daily basis,” she explained. “It 18) to highlight the strengthened connection between the two firms.

B2B 46

B2B Accounts Payable Reconciliations Securities 46

CFO News Room

NOVEMBER 30, 2022

In 2021, Jarvis left the more traditional world of large national public accounting firms to co-found Retirement Tax Services to create a new model for how tax preparers and financial advisors work together. Affects how much can be saved to pre- and after-tax accounts ! Property and casualty insurance? Credit card rewards ?

Tax Planning 130

Tax Planning Compliance Planning Communication 130

PYMNTS

JULY 29, 2019

There are sophisticated payment rails capable of moving money instantly, he noted, and when a buyer wants to pay a supplier that payment will route directly from one bank account to another. This is, unfortunately, is just a point-to-point system, there is no reconciliation on this basic platform.

B2B 48

B2B Reconciliations Invoicing Vendor Management 48