PYMNTS

MARCH 28, 2019

Automated expense report auditing company AppZen is introducing a new spend auditing platform to analyze supplier invoices using artificial intelligence (AI). “The major takeaway from this data is not that employees in certain industries commit more fraud,” AppZen noted at the time. ”

Invoicing 46

Invoicing Auditing Accounts Payable Compliance 46

PYMNTS

MARCH 10, 2020

As more technology emerges to sit between a company’s accounts payable (AP) platform and its vendor’s accounts receivable (AR) portal, service providers are looking to ease friction in a multitude of ways, from accelerating payments and cash flows to easing contract negotiations. Crowdz Pilots Invoice Crowdfunding.

Accounts Payable 57

Accounts Payable Invoicing B2B Vendor Management 57

https://trustedcfosolutions.com/feed/

MARCH 1, 2023

By automating your accounts payable processes, you’ll save hundreds of hours and thousands of dollars from data retrieval and manual work, all while making the process more streamlined. This allows you to reduce the amount of manual data entry and create an audit trail for your asset data.

Accounts Payable 62

Accounts Payable Auditing CFO Invoicing 62

The Charity CFO

APRIL 1, 2024

We often recommend QuickBooks Online over nonprofit-specific accounting software for three reasons, it’s: Cloud-based Well-known Features almost endless integrations As a cloud-based solution, QuickBooks Online doesn’t require you to hire an expansive IT team or physically house expensive hardware.

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

Boston Startup CFO

APRIL 3, 2023

In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions. Additionally, it is necessary to maintain accounts payable and accounts receivable, guaranteeing that all transactions are precise and current.

Accounting 52

Accounting Accounting Principles GAAP Compliance 52

CFO Simplified

JANUARY 2, 2022

If employees sense that the Accounts Payable (AP) team is harried and barely scraping by, it can be tempting to test the waters on an expense report. Reliance Upon Outside Audits . It can be tempting to rely upon an annual audit to catch fraud. Are you worried about your business’s data security going forward into 2022?

CFO 52

CFO Auditing Accounts Payable Securities 52

PYMNTS

JUNE 16, 2020

Add accuracy and security to velocity and it makes a kind of “rule of threes” for the payments space today. In the June 2020 edition of The Gig Economy Tracker® done in collaboration with Tipalti , we find these traits, among others, defining innovation in accounts payable (AP) software.

Reconciliations 67

Reconciliations Invoicing Accounts Payable Auditing 67

PYMNTS

NOVEMBER 10, 2017

Especially for businesses that rely on manual expense reports, management and auditing processes, an employee that fudges a dollar amount here and there, or a worker who accidentally submits an expense report twice, mean companies can easily fall victim to fraud, both intentional and unintentional. It’s a very involved process.

Accounts Payable 44

Accounts Payable Auditing Invoicing Compliance 44

The Finance Weekly

OCTOBER 31, 2021

Many of the same financial issues that profit-seeking enterprises face, such as increasing revenue, managing audits, and dealing with compliance, encounter non-profit organizations (NPOs). This could imply more efficient auditing via online financial software that allows for remote audits. Master the basics of accounting.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52

PYMNTS

JULY 6, 2020

Researchers found that furloughed employees are widely reporting that their bosses have asked them to continue to conduct their normal work duties despite being furloughed in order for their employers to secure funding. companies between April and May this year , Abnormal Security data revealed, according to Helpnet Security reports. .”

Accounts Payable 59

Accounts Payable Profit and Loss B2B Invoicing 59

PYMNTS

AUGUST 18, 2017

Israch said the advantage to these new offerings is it encompasses one holistic system for all parties to manage finances throughout the payment life cycle, as well as helping to manage fraud and audit risks. and overseas.”.

Accounts Payable 46

Accounts Payable Invoicing Compliance Auditing 46

PYMNTS

AUGUST 12, 2019

percent of an enterprise’s non-payroll business spend is accounts-payable based and 3.7 Most enterprises, found AppZen, that don’t use AI only audit up to 10 percent of spend, while companies that use AI are able to audit 100 percent of invoices, contracts and expenses. percent is travel and expense (T&E)-based.

Auditing 59

Auditing Invoicing Accounts Payable Treasury 59

PYMNTS

JULY 14, 2016

Reports on Wednesday (July 13) revealed SirionLabs secured $12.25 SirionLabs provides multinational companies with a way to manage and analyze supplier contracts and provide auditing and other solutions with the information. It may also help the accounts payable process operate more efficiently.

Auditing 40

Auditing Accounts Payable B2B Invoicing 40

PYMNTS

SEPTEMBER 28, 2020

Corporate buyers that fail to adhere to these regulatory requirements could face audits, fines and tax withholdings. Companies may be eager to ditch paper checks and other manual methods from their B2B payment flows, as 24 percent of accounts payable (AP) professionals say that such processes worsen vendor relationships.

Accounts Payable 66

Accounts Payable B2B Invoicing Auditing 66

PYMNTS

NOVEMBER 26, 2019

Organizations evaluating the return on investment (ROI) of accounts payable (AP) automation find obvious benefits from cost savings, early payment discounts and rebate-earning opportunities. Take the freight bill audit pay process for carrier invoices, for example.

Accounts Payable 52

Accounts Payable B2B Invoicing Auditing 52

CFO Simplified

DECEMBER 12, 2021

In publicly traded companies, the CFO is also responsible for the company’s compliance with Securities and Exchange Commission (SEC) rules and regulations. Accounting focuses on the day-to-day flow of money in and out of a business. . Accounting teams are responsible for: Invoicing. Reconciling accounts. Creating reports.

Accounting 52

Accounting Finance Cash Flow Forecasting CFO 52

CFO Share

APRIL 11, 2024

But many fear remote bookkeeping exposes them to security risks – hackers, fraudsters, and embezzlement – especially if the virtual bookkeeping solutions use employees in foreign countries. Bookkeeping security risks are always a valid concern, especially since internal staff perpetrate 57% of small business fraud.

Securities 52

Securities CFO Education Auditing 52

PYMNTS

MARCH 26, 2018

Regarding data analytics and security, from our perspective, that is a must-have,” said Gill. You must have secure ways to transfer data through encryption. Security is at the forefront of everyone’s mind. You must have data analytics for products and reports.

Accounts Payable 40

Accounts Payable B2B Invoicing Compliance 40

PYMNTS

FEBRUARY 6, 2019

Internal company audits, review of employee expense reports, supplier on-boarding, accounts receivable, accounts payable and procurement are just a few areas of corporate finance that are on-path to become entirely automated.

Corporate Finance 74

Corporate Finance Accounting Finance Accounts Payable 74

Centage

SEPTEMBER 6, 2022

The familiarity of spreadsheets and their ease of use mean many employees are happy to keep working with them, even though they may create serious security risks. Below, we’ll analyze Excel spreadsheets security problems that come with spreadsheets and how implementing software can be a more effective solution.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

Centage

SEPTEMBER 6, 2022

The familiarity of spreadsheets and their ease of use mean many employees are happy to keep working with them, even though they may create serious security risks. Below, we’ll analyze Excel spreadsheets security problems that come with spreadsheets and how implementing software can be a more effective solution.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

BlueLight

JULY 30, 2020

Security and Audit ?—?NetSuite NetSuite role-based permission can be very granular and includes audit trails illustrating who made field level changes including before and after data element changes. The mismatch between accounts receivable and accounts payable result in an unpleasant cash spread.

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

PYMNTS

APRIL 8, 2020

This stands in stark contrast to how the accounts payable (AP) departments at many businesses process payments. For all their shortcomings, paper checks provide a measure of comfort and security, especially in dealing with large sums. Yet, this sense of security is in many ways a false one.

Invoicing 89

Invoicing Accounts Payable Auditing Securities 89

The Charity CFO

APRIL 25, 2024

The easier it is to dive into transactions, the easier it will be to report on where the money is coming from, where it’s going, and to audit what’s happening. QuickBooks Online is a cloud-based system, which means multiple users can securely access the system, simultaneously, from across geographical boundaries.

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

Beacon CFO Plus

JUNE 16, 2023

For example, common controls like external audits of financial statements and a formal code of conduct were in place at only 53 percent of small businesses (compared to 90 percent of larger organizations). While requiring more time and effort, this approach can enhance the system of controls and security in place.

Accounts Payable 52

Accounts Payable CFO Auditing Risk Management 52

PYMNTS

AUGUST 24, 2017

More than half of accounts payable departments said they don’t partner closely with internal audit teams, while 82 percent have no connection to internal enterprise security teams. In general, he said, companies are aware of the risk of fraud in their accounts payable departments.

Accounts Payable 40

Accounts Payable Invoicing Benchmarking Auditing 40

The Finance Weekly

JULY 31, 2023

His expertise spans financial analysis , budgeting, business partnering, financial storytelling, excel, and audit. Robotic Process Automation (RPA) has played a significant role in the automation of accounts payable processes, offering numerous benefits. He has also launched the first Chat GPT for the finance training program.

Corporate Finance 52

Corporate Finance Finance Leverage Accounts Payable 52