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 114

B2B Reconciliations Accounts Payable Invoicing 114

PYMNTS

JUNE 9, 2017

In payments and FinTech, it’s often the startup’s job to disrupt an industry with many legacy businesses, outdated technologies and processes. That’s especially true in corporate accounting, says Beanworks CEO Catherine Dahl. The investment will help Beanworks scale up as it looks to be at the forefront of that accounting change.

Accounting 43

Accounting Technology Accounts Payable Invoicing 43

PYMNTS

APRIL 19, 2019

The shifting role of small business (SMB) accountants is largely driven by the increase in automated solutions available to business owners today. With machines now taking care of repetitive financial tasks, accountants have had to readjust their position from number-cruncher to value-adder to remain relevant.

Accounting 61

Accounting Compliance Reconciliations CFO 61

PYMNTS

JANUARY 22, 2019

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. Hospitals can often struggle to manually reconcile cash flow coming from multiple sources.

Cash Management 73

Cash Management General Ledger Reconciliations Healthcare 73

CFO Thought Leader

APRIL 30, 2024

Read More An important early chapter of Levine’s professional development was his tenure under Steve Vintz, who at the time was CFO of Vocus, where Levine served as a VP managing both accounting and finance. This exposure revealed to Levine that effective CFOs do more than manage numbers: They tell stories through them.

CFO 52

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

PYMNTS

FEBRUARY 1, 2021

Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. Reconciliation Challenges. As we move toward better and more tools … that process can be automated using newer technologies.” .

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

https://trustedcfosolutions.com/feed/

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. Have questions about how you can improve the accuracy of your numbers and shorten the close cycle?

Accounts Payable 62

Accounts Payable Reconciliations Leverage CFO 62

Centage

SEPTEMBER 6, 2022

While there are many alternatives to spreadsheets, some organizations still consider them an important part of their accounting procedures. Over 750 million people use the application, and 63% of businesses say they rely on the tool heavily for their accounting needs. Still, many depend on this program for these critical tasks.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

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

JULY 10, 2019

The payments and technology giant announced Tuesday (July 9) the rollout of its Virtual Card Receivables Service, a tool to digitize the virtual card payment acceptance and reconciliation process for businesses. Mastercard is launching a new service designed to make it easier for B2B vendors to accept virtual cards.

Cash Flow Forecasting 62

Cash Flow Forecasting Reconciliations Invoicing B2B 62

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. Datarails is a valuable tool for companies seeking streamlined reporting for themselves and their stakeholders.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

PYMNTS

JANUARY 10, 2019

Even when technologies come close to addressing multiple challenges that exist today when sending, receiving and reconciling B2B payments, those benefits typically come with a cost — whether it be the interchange fees of cards or the burden of replacing legacy infrastructure.

Reconciliations 61

Reconciliations Accounts Payable B2B Accounting 61

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

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

CFO Talks

JANUARY 30, 2023

Increased automation of financial processes such as accounts payable, bank reconciliations, financial closes and reporting is freeing up the CFO’s time, enabling them to focus their energies on analysis and storytelling rather than crunching numbers.

Finance 52

Finance CFO Accounts Payable Forecasting 52

PYMNTS

DECEMBER 9, 2020

The conversation came against a backdrop where, at a high level, B2B payments account for $120 trillion globally on an annual basis. Faster payments schemes also number more than 50 and counting. The conversation came against a backdrop where, at a high level, B2B payments account for $120 trillion globally on an annual basis.

B2B 134

B2B Reconciliations Accounting Invoicing 134

PYMNTS

JANUARY 21, 2021

Procurement technology company JAGGAER has collaborated with TransferMate to provide offerings from “source to settle,” according to an announcement. The numbers came out to $2.5 JAGGAER Joins Forces With TransferMate on ‘Source to Settle’. US CFOs Consider How to Use Cash Reserves. trillion borrowed by corporate America last year.

B2B 85

B2B Banking Reconciliations Currencies 85

Simply Treasury

JUNE 3, 2021

It also aims at identifying challenges corporate treasurers of MNC’s are facing and technological innovations they intend to implement. Top three treasury priorities in the coming months: Technological innovations. The answers show a certain lucidity on the part of treasurers who seem realistic in their use of new technologies.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 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 30, 2020

Billtrust , an accounts receivable (AR) automation and B2B order-to-cash solution company, has announced that it’s partnered with Corporate Spending Innovations (CSI) and integrated it into Billtrust’s Business Payments Network (BPN), to help customers automate the delivery of payments to suppliers around the network, according to a release. .

B2B 60

B2B Reconciliations Invoicing Accounting 60

PYMNTS

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. However, businesses looking to adopt cloud-based ERP solutions can run into a number of logistical, organizational and even social hurdles, which can slow successful integrations into companies’ broader AP operations.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

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. Companies are learning how to be more efficient, do more with less, do more with technology,” he said. “I

B2B 79

B2B Invoicing Accounts Payable Reconciliations 79

PYMNTS

DECEMBER 18, 2020

PYMNTS' research confirms that firms turning to automation technologies to help with AR functions such as cash application, payment acceptance, collections, customer credit checks and reconciliation during the pandemic are finding themselves in a better position to more easily adapt to changing market dynamics,” per the new Playbook.

Treasury 76

Treasury Invoicing B2B Reconciliations 76

PYMNTS

NOVEMBER 19, 2020

That includes advancements in Canada's upcoming Real-Time Rail, as well as adoption by Transcard of Mastercard's Track Business Payment Service to facilitate real-time, account-to-account transfers for businesses. Plus, blockchain makes new inroads in the B2B arena. Canada Taps Vocalink for Real-Time Rail.

B2B 104

B2B Reconciliations Risk Management Compliance 104

PYMNTS

APRIL 17, 2020

Indeed, FinTechs that offer capabilities like cash flow management and financial analytics as a result of being able to loop into a business’s bank account data have fueled the emergence of open banking for the business end-user. Connecting Accounting to Payments. But it’s not the only use-case for open banking.

Banking 83

Banking Reconciliations Prioritization Accounting 83

The Charity CFO

MARCH 2, 2022

I don’t know if my nonprofit’s accounting systems are bad… and I probably won’t know for sure until something bad happens.”. For more nonprofit accounting resources check out www.thecharitycfo.com. ?? And then of course, funders change their mind or the accounting rules have changed over the last few years for nonprofits.

Nonprofit 98

Nonprofit Auditing Reconciliations Accounting 98

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 both sides, the transaction data of a virtual card payment means streamlined reconciliation and reporting.

Invoicing 66

Invoicing Accounts Payable Reconciliations B2B 66

PYMNTS

JUNE 1, 2020

The teams of EY will tap into the software technology of GTKonnect, which covers a number of areas with the inclusion of free trade agreements, import/export compliance, country of origin, master data management, foreign trade zones and tariff classification as well as reconciliation.

Reconciliations 52

Reconciliations Data Analysis Compliance Accounting Firms 52

PYMNTS

FEBRUARY 26, 2020

Many are turning to enterprise resource planning (ERP) tools with accounts payable (AP) automation to harness both solutions’ abilities and level up their businesses’ values. It especially appeals to the growing number of chief financial officers and treasurers eager to make their AP departments profit centers.

Invoicing 83

Invoicing Accounts Payable Reconciliations Accounting 83

PYMNTS

AUGUST 27, 2019

The Certified Personal Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of digital tools — including cloud accounting portals, cash flow forecasting solutions and intelligent technologies like artificial intelligence (AI) — continuing to rise.

Cash Flow Forecasting 60

Cash Flow Forecasting Accounting Standards Accounting Firms Reconciliations 60

Centage

SEPTEMBER 6, 2022

While there are many alternatives to spreadsheets, some organizations still consider them an important part of their accounting procedures. Over 750 million people use the application, and 63% of businesses say they rely on the tool heavily for their accounting needs. Accounting Inconsistences, Double-Entries, and Liabilities.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

PYMNTS

OCTOBER 28, 2020

Expense management and accounts payable (AP) automation company Emburse has rolled out Emburse Cards and Tallie Travel to offer a simple way for clients to handle their travel and out-of-pocket expenditures, according to a Wednesday (Oct. 28) announcement.

Accounts Payable 49

Accounts Payable Reconciliations Currencies Accounting 49

PYMNTS

FEBRUARY 28, 2019

The nearly $17 billion youth sports industry is facing a dwindling number of registered referees. The offering uses a Fiserv SDK that allows payments to be sent directly to recipients’ bank accounts via mobile or web-based platforms. Use of checks, cash and paper-based reconciliation was rampant. Speedy Disbursements.

Reconciliations 43

Reconciliations Accounting Banking Technology 43

PYMNTS

APRIL 22, 2017

Spain’s number-two bank, Banco Bilbao Vizcaya Argentaria, or BBVA, said Friday (April 21) that it has successfully completed its first cross-border payment using blockchain technology from Ripple. That’s very relevant for our clients because they could begin streamlining their reconciliation systems.”.

B2B 56

B2B Reconciliations Invoicing Banking 56

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

SEPTEMBER 9, 2020

For businesses that make purchases on Amazon, Mastercard has struck a collaboration to streamline the expense management and reconciliation process. Brex, a FinTech company linking corporate card technologies to startups, has announced new partners SAP Concur and Xero to broaden its value offering for business customers.

SAP 94

SAP Reconciliations B2B Startups 94

PYMNTS

AUGUST 3, 2020

Some accounts say Roman soldiers were periodically paid for their labors in salt, and while compensation methods have evolved considerably since then, the concept of lump periodic payments has endured. Numerous economic, social and technological trends are rendering this system more outdated, however. million workers.

Economics 84

Economics Reconciliations Numbers Accounting 84