Future CFO

JULY 1, 2020

There are specialists handling accounts payables, accounts receivables, performing reconciliation, financial planning and analysis, etc. In the case of procurement and accounts payable (AP), this rings especially true. The post Unifying procurement and accounts payable appeared first on FutureCFO.

Accounts Payable 52

Accounts Payable Accounting Reconciliations Finance 52

CFO News Room

NOVEMBER 30, 2022

Taxes are a central component of financial planning. Almost every financial planning issue – whether it is retirement, investments, cash flow, insurance, or estate planning – has tax considerations, and advisors provide a great deal of value in helping clients minimize their overall tax burden. Authors: Ben Henry-Moreland.

Tax Planning 130

Tax Planning Compliance Planning Communication 130

PYMNTS

MARCH 3, 2020

It’s not difficult for a supplier to tell when accounts receivable (AR) processes are not optimized. Many sellers have a broken internal process to increase a credit line , so they set that limit as high as possible, so they don’t have to revisit the account later.”. The Outsourcing Decision.

Accounting 74

Accounting Invoicing Reconciliations B2B 74

PYMNTS

MARCH 10, 2020

Australian cross-border FinTech unicorn Airwallex is integrating with New Zealand’s cloud-based accounting platform Xero , Airwallex announced Tuesday (March 10). Most of our SMB customers in Australia are using Xero as their accounting solution, and so it was important to provide that seamless experience between Airwallex and Xero.”.

Reconciliations 52

Reconciliations Foreign Exchange Currencies Accounting 52

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. Remittance information and payments may travel across separate channels, while other companies still run on older enterprise resource planning (ERP) solutions.

Accounting 94

Accounting Invoicing B2B Treasury 94

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

Bramasol

APRIL 15, 2024

To help understand the various ways to combine traditional AI and Generative AI to accomplish operational, planning and strategic management goals, let's dive into three different scenarios. Also, security of data being used in AI and Gen-AI planning will need to be rigorously managed to assure accuracy, timeliness, and security.

SAP 87

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 87

PYMNTS

JULY 3, 2020

Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. As an event that few anticipated, the pandemic was a painful reminder that developing a thorough business continuity plan is vital to the survival of many firms.

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

CFO Share

MAY 22, 2024

This guide will provide you with financial reporting help and actionable steps to get accounting back in order and working for you. Check out our blog for other accounting tips that help you avoid losses and missed opportunities. Like compound interest on a loan, accounting errors grow and become more complex over time.

Profit and Loss 59

Profit and Loss General Ledger Accounting Financial Reporting 59

PYMNTS

APRIL 22, 2020

With a managed accounting service (MAS) created for startup founders and chief financial officers (CFOs), AcctTwo has rolled out service called MAS for SaaS. The company plans to hold a virtual rollout for CFOs, founders and investors on Thursday (April 23).

Accounting 52

Accounting Reconciliations Leverage Startups 52

Spreadym

JULY 10, 2023

The financial close process, also known as the accounting close process or month-end close, is a series of steps undertaken by an organization to finalize its financial records for a specific accounting period. Deferrals, on the other hand, involve postponing the recognition of revenues or expenses to future accounting periods.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

PYMNTS

MARCH 16, 2018

Australia’s Institute of Public Accountants (IPA) is urging its members to “future-proof” their businesses as the industry heads toward disruption. Further, industry trends have led the traditional accountant model to become “obsolete,” reports said, meaning accountants have to embrace the more strategic role of advisor. “By

Accounting 53

Accounting Accounts Payable Reconciliations Leadership 53

PYMNTS

JULY 3, 2019

Cost containment solution provider Palmarius Advisors is rolling out an accounts payable (AP) automation solution designed to generate revenue and enhance spend control for corporate users. The company did not reveal details on how it mitigates accounts payable fraud or introduces business users to a new revenue stream with its tool.

Accounts Payable 40

Accounts Payable Accounting Invoicing Reconciliations 40

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. We have a full-suite platform that really spans this elongated, close-to-planning process.

CFO 52

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

The Finance Weekly

APRIL 13, 2024

The finance industry employs a multitude of software solutions to facilitate budget creation, and financial reporting, and to assist financial analysts and investors with financial planning and forecasting. This allows finance teams to execute planning, analysis, and collaboration activities with exceptional rapidity and assurance.

Financial Planning and Analysis (FP&A) 52

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

The Finance Weekly

APRIL 5, 2022

As automation has shown, everyone is better off when manual tasks are left to machines and more time is used for analyzing and planning. FP&A departments are spending too much time performing manual tasks, such as preparing budgets and account reconciliations, and not enough time analyzing the data.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Forecasting Budgeting 52

E78 Partners

JANUARY 5, 2024

Audits are an essential part of ensuring that a company’s financial statements are accurate and compliant with accounting standards. Create an Audit Readiness Team: Identify an audit readiness team and assign responsibilities to ensure accountability. This proactive approach helps streamline the audit process.

Auditing 59

Auditing Valuation Concentration Reconciliations 59

E78 Partners

SEPTEMBER 21, 2023

These challenges include resource limitations, complexity of accounting standards, volume of transactions, weak internal controls, stakeholder expectations, and much more. Engage in Pre-audit Self-assessments Creating a comprehensive project work plan, complete with a detailed timeline and activities, is pivotal for the audit process.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

Future CFO

OCTOBER 4, 2020

This is where Integrated Business Planning (IBP) – the next generation of planning comes into play. Compare actual performance to planned data and drill down to details. Compare actual performance to planned data and drill down to details. Link financial targets to operational drivers & activities in each department.

Finance 40

Finance Planning Reconciliations Auditing 40

FISPAN

JANUARY 12, 2022

Data feeds eliminate a significant portion of users' frustration with their experience when accessing information reporting and conducting reconciliations for bank clients. Data Quality To support an up-to-date, high-quality user experience, FISPAN goes beyond data aggregation and data passthrough.

Reconciliations 96

Reconciliations Banking Securities Leverage 96

PYMNTS

NOVEMBER 10, 2020

Just Cashflow Partners With Railsbank on SMB Accounts. based specialist lender Just Cashflow , working with FinTech Railsbank , is rolling out its own business banking account program for small to medium-sized businesses (SMBs), according to a report from AltFi. HashCash Integrates HC Corporate For Streamlined B2B Pay.

B2B 75

B2B Banking Reconciliations Planning 75

Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. While there are many alternatives to spreadsheets, some organizations still consider them an important part of their accounting procedures.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

PYMNTS

MARCH 10, 2017

The company said this week that it will roll out an accounts payable solution using a virtual card payment method, a solution, Edenred noted, that “offers security, speed and traceability” for easier supplier payments and reconciliation. The solution will provide its corporate clients with incentives to use the virtual card, it said.

Accounts Payable 55

Accounts Payable Accounting Reconciliations Finance 55

Planful

JULY 12, 2021

The larger an organization, the greater the need for better financial planning and analysis (FP&A). Any delays or mistakes in financial planning could have catastrophic consequences. Many companies today are struggling to meet these expectations in their financial planning process.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Forecasting Budgeting 40

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. Executive Summary. In addition, SECURE 2.0 backdoor Roth conversions).

Planning 130

Planning Securities Accounting Tax Planning 130

PYMNTS

MAY 28, 2020

To automate accounts receivable (AR) for mid-sized companies, HighRadius has rolled out its RadiusOne A/R Suite. The company said that the suite “uniquely positions itself” in a market that is not well-served by providing a cash reconciliation app, eInvoicing and collections app.

Technology 52

Technology Reconciliations Accounts Payable Credit Risk 52

PYMNTS

MAY 27, 2020

This week’s look at the latest in payments rails innovation finds players including Mastercard, Aflex and Paycor targeting existing card and ACH rails to expand their use for corporates, with a focus on reconciliation, data capture and transparency. Adflex Eyes Card Rails For B2B. Paycor Certified By NACHA.

Reconciliations 92

Reconciliations B2B Compliance Risk Management 92

PYMNTS

SEPTEMBER 16, 2020

Cloud enterprise resource planning (ERP) company Acumatica has rolled out its Acumatica Advanced Expense Management and Electronic Bank Feeds for its Acumatica Cloud ERP solution, which will increase automation and electronic banking, according to a press release. And anomaly detection and streamlined bank reconciliation will be available.

Reconciliations 76

Reconciliations Auditing Compliance Banking 76

PYMNTS

OCTOBER 5, 2020

In the bid to streamline payments, she said, companies such as Comdata can examine which enterprise resource planning (ERP) systems its client firms are using, “and we pull in existing customers that have those same systems and have embraced FinTech organizations — and they can collaborate in a bid to transform how payments get done.”. “The

Healthcare 130

Healthcare B2B Reconciliations Accounts Payable 130

PYMNTS

JANUARY 17, 2021

Cloud-based accounting software solution provider AlignBooks will be working with ICICI Bank , a private-sector bank, to deliver a new, simple digital banking experience for small- to medium-sized businesses (SMBs), CRN India reported. Those lacking an ICICI account will be able to apply for one within AlignBooks, the report stated.

Banking 61

Banking Reconciliations Invoicing Accounting 61

Future CFO

SEPTEMBER 22, 2023

Generative Artificial Intelligence has found its way into India ’s goods and services tax (GST) management landscape, serving as a powerful ally for accountants and businesses amid the complexities of the system. Chartered accountant Abhinit Singh shares his views on how generative AI is transforming in the GST management landscape of India.

Compliance 52

Compliance Vendor Management Reconciliations Invoicing 52

Future CFO

SEPTEMBER 14, 2020

Like many office occupations, accounting is one of those that is heavy into paper, heavy into people, and very heavy into hours of work in the office. Dr Josh Heniro, Institute of Management Accountants. To be clear, accounting didn’t wait for COVID-19 to initiate change. Before to COVID-19, how was accounting performed?

Accounting 40

Accounting Leadership Finance Profit and Loss 40

CFO Share

OCTOBER 13, 2023

Financial health, a critical aspect for any business, can be dissected into four key components to provide a comprehensive view: Liquidity Solvency Operational Efficiency Financial Planning and Growth Potential Each of these components offers distinct insights into the financial stability and potential of a company.

Cash Flow Forecasting 52

Cash Flow Forecasting Profit and Loss Forecasting Startups 52

PYMNTS

FEBRUARY 4, 2020

Once reserved for only the largest and most sophisticated firms, automated enterprise resource planning (ERP) and accounting platforms are now accessible for even the smallest of businesses, and data from those systems is the new currency of operational efficiency. A Reconciliation Headache. According to Dean M.

Reconciliations 61

Reconciliations B2B Invoicing Accounting 61

CFO Talks

MARCH 20, 2024

Think of a Controller as the head of getting day-to-day money matters right, like making sure every penny is accounted for and reports are spot-on. It’s about making plans for the company’s financial future and finding ways to make the business better. Strategize: Spend your energy on planning for growth and improving the business.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

PYMNTS

OCTOBER 6, 2020

In addition, customers can now obtain multiple pictures of checks that have been posted to their accounts to help with account reconciliation with the check image retrieval API. The bank plans to have further APIs in the future.

Treasury 75

Treasury Foreign Exchange Banking Reconciliations 75

PYMNTS

DECEMBER 30, 2020

To that end, as Lisa Shields , CEO of FISPAN , told Karen Webster, contextual business banking, with service embedded within enterprise resource planning (ERP) and business banking, is ready to take off. Any ERP or accounting systems player will want to service the broadest swath of corporates possible.

Banking 97

Banking Accounts Payable Treasury Reconciliations 97