PYMNTS

NOVEMBER 4, 2019

where a collective $3 trillion is tied up in businesses’ outstanding accounts receivable (AR). This month’s Deep Dive examines the pros and cons of digitized AR approaches as well as the role that technologies such as AI can play in minimizing B2B pains. . B2B payments are anything but instant in the U.S., Virtual Terminals and AI .

Technology 40

Technology Accounting Invoicing B2B 40

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. Within the B2B space, especially, technology can improve payments processes that are time-consuming and error-prone. The problems are analog.

Accounting 94

Accounting Invoicing B2B Treasury 94

Future CFO

AUGUST 1, 2023

The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific. Specific to the automation of finance and accounting processes, can you identify the top three areas mid-size enterprises are prioritizing to automate?

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

FEBRUARY 19, 2018

Travel booking company Webjet , based in Australia, has launched a blockchain solution for the hotel industry to manage reconciliation in hotel distribution. The company expects corporates to begin participating in the expansion of the tool by operating their own mining nodes as blockchain technology becomes more familiar. “It

Reconciliations 43

Reconciliations B2B Accounts Payable Invoicing 43

PYMNTS

MAY 16, 2016

The innovators at SmartStream Technologies have introduced the first solution from its SmartLabs innovation center, and it’s a tool for financial services companies to streamline the reconciliation process. Twiggs added that the reconciliation solution was born out of its lab to develop disruptive technologies for corporations.

Reconciliations 40

Reconciliations Invoicing Technology Sales 40

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

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

PYMNTS

NOVEMBER 26, 2019

Accounts payable (AP) automation is beneficial, and even necessary, for many businesses still bogged down by paper. But as the latest PYMNTS Next-Gen AP Automation Tracker report highlights, adoption of AP automation technology continues to face challenges. Billtrust Broadens Business Payments Network.

Accounting 64

Accounting Accounts Payable B2B Reconciliations 64

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. “Companies are increasingly looking to more efficiently manage the accounts payable process,” he said.

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

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 new offering is available on the Sage Intacct Marketplace and will work immediately to get data from the reconciliation and close parts of a deal.

Accounting 52

Accounting Reconciliations Leverage Startups 52

PYMNTS

JANUARY 26, 2021

marked its third anniversary of adopting its open banking framework, making it the leading market to drive the concept of unlocking customers’ bank account data for integration with third-party solution providers. to bring its blockchain-powered corporate trade financing technology into the entity. Last week, the U.K.

Banking 142

Banking Reconciliations B2B Financial Data 142

PYMNTS

MARCH 31, 2020

The solution identifies fraud and risk, bolsters decision making, automates manual work and eliminates accounts payable (AP) process errors. The technology works in the background to provide correct approval routing and general ledger (GL) coding at the bill as well as bill line level.

Accounts Payable 53

Accounts Payable General Ledger (GL) Accounting General Ledger 53

PYMNTS

AUGUST 8, 2019

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. There has been a surge in B2B payments technologies in recent years in an effort to pull businesses, especially smaller firms, off of paper.

Accounts Payable 57

Accounts Payable Accounting B2B Reconciliations 57

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. ” Jones explained.

Accounting 61

Accounting Compliance Reconciliations CFO 61

Future CFO

OCTOBER 22, 2023

The company has added Microsoft Teams integration and introduced new capabilities to its Microsoft Dynamics 365 (D365) Connector to enable finance transformation, allowing users streamline and optimise key finance and accounting processes and close the books faster.

Finance 94

Finance Reconciliations Currencies Accounting 94

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

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

PYMNTS

SEPTEMBER 20, 2018

Regulations are driving the trucking and logistics industry to adopt cutting-edge technologies. Invoices submitted for financing by freight factoring firms account for more than one third of all invoices processed for funding, the IFA said.

Accounting 63

Accounting Invoicing Accounts Payable Transportation 63

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

The cloud accounting solution, Sage Intacct , is an excellent resource to keep your financials on track by creating an efficient month-end close without the headache or hassle of sorting through documents and tracking mistakes. Customize Your Chart of Accounts With Dimensions. Implement Automated Workflows.

General Ledger 62

General Ledger Reconciliations Accounting Standards Auditing 62

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

FISPAN

JANUARY 12, 2022

This lack of control is leading the drive towards a secure solution-based platform that merges data and financial technology. Data feeds eliminate a significant portion of users' frustration with their experience when accessing information reporting and conducting reconciliations for bank clients.

Reconciliations 96

Reconciliations Banking Securities Leverage 96

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.

Finance 98

Finance Reconciliations Leadership Technology 98

PYMNTS

JANUARY 19, 2021

National Australia Bank (NAB) has chosen Eedenbull to integrate its payment and spend management technology for SMB customers. ICICI Adds AlignBooks Technology. India’s ICICI Bank is adding accounting technology from AlignBooks to strengthen its SMB services. National Australia Bank Chooses Eedenbull.

Banking 136

Banking Reconciliations Compliance Finance 136

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

PYMNTS

AUGUST 5, 2016

There is seemingly no end to the discussion of how automated accounting can improve a business’ performance. The market is on the cusp of a groundswell of adoption of these technologies, says Therese Tucker, CEO of accounting solutions firm BlackLine , after a long lull among mid-market firms.

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

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

PYMNTS

SEPTEMBER 16, 2020

There will be new electronic banking feeds for corporate cards and automated receipt generation to help streamline back-office accounting processes. And anomaly detection and streamlined bank reconciliation will be available. Ali Jani , chief product officer with Acumatica, touted the ML capabilities as particularly enticing for users.

Reconciliations 76

Reconciliations Auditing Compliance Banking 76

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 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

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. Make the Move to the Cloud Gain access at your fingertips.

Accounts Payable 62

Accounts Payable Reconciliations Leverage CFO 62

PYMNTS

MAY 10, 2017

CSI globalVCard said Tuesday (May 9) that it struck a partnership with Visa to integrate Visa Payables Automation into the CSI globalVCard pay system Payables platform, enabling issuers of Visa cards to link their own corporate customers to the combined accounts payable offerings of both Visa and CSI globalVCard.

Accounts Payable 43

Accounts Payable Accounting Benchmarking Reconciliations 43

Strategic Treasurer

APRIL 3, 2023

In this survey, treasury and finance professionals were asked questions on the following topics: Fraud Experience: Frequency of Attacks, Source of Attacks, and Method(s) of Attack Security Practices Employed (Both Human & Technological) Cyber Risk Management and Data Protection Policies Investments in Security & Fraud Prevention Technology (..)

Treasury 52

Treasury Reconciliations Education Risk Management 52

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

JULY 10, 2019

Lisa Lansdowne-Higgins, vice president of business deposits and treasury solutions at the Royal Bank of Canada (RBC), recently told PYMNTS that these three disruptors have a significant opportunity to shake up accounts payable processes thanks to the impact they have on data. Bank-FinTech Collaboration.

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

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. While the gap is wide, researchers noted overall improvement in the perception of the accounts payable department.

Accounts Payable 41

Accounts Payable Accounting Invoicing Reconciliations 41

PYMNTS

JUNE 10, 2020

Credorax , the smart payments provider and FinTech, has announced a partnership with Samsung to develop blockchain technology to offer open banking services, according to a press release. Digitization in banking is on the rise due to the pandemic, which has seen people and businesses flocking to digital forms of financial services.

Reconciliations 53

Reconciliations Banking B2B Invoicing 53

PYMNTS

NOVEMBER 16, 2020

BlackLine , which provides account automation software, launched new products on Monday (Nov. In addition, there are also new tools to integrate with SAP technology, helping to do away with manual processes and boosting confidence in data integrity and completeness, the release stated.

SAP 75

SAP Reconciliations B2B Risk Management 75