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The new accounts payable department & the future of payables

Future CFO

So, what does the New Accounts Payable department look like? Optimizing cash flow. Having unproductive cash tied up in inefficient AP processes poses a huge threat when economic disruption hits. The quickest, easiest and most secure way to pay suppliers is electronic. Improving supplier management and relations.

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SME Cash Management Startups Grab $93M In Funding

PYMNTS

Small business accounting and cash management took home the gold this week, with two startups raising a collective $93 million in funding. In total, businesses secured more than $145 million in venture capital (VC) across the U.S., Awake Security. Canada and India. based Karmic has raised $17.2 Cybersecurity.

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Why Incremental Card Adoption Is Enough For Better Cash Management

PYMNTS

Accounts payable company MineralTree just gave a big show of support for commercial cards when it announced this week it is partnering with American Express (Amex) to offer companies an integrated platform to support supplier payments via virtual commercial card. The vast majority of payments are still made by paper check.”. “And

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CFO role evolving to drive digital modernisation, survey says

Future CFO

This encompasses increased investments in cloud technologies, as half of the organisations surveyed seek to move to the cloud in the next one to two years to strengthen data accessibility, reduce organisational silos, and improve security.

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Cash in times of crises: Lessons from 2020-2022

Future CFO

Having an experienced succession of crises since the beginning of 2020, FutureCFO asked two finance leaders their views on the challenges facing treasury and cash management during the pandemic and coming out of it. What is the biggest change to the Treasury and Cash Management (TCM) function brought about by the pandemic?

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Faster Payments Takes Off For Corporates, But Not Blockchain

PYMNTS

The stats indicate key areas in which professionals say they are increasing awareness and use of digital solutions to make accounts payable and accounts receivable processes faster, more streamlined and more secure. Nearly half of corporates said their security concerns are higher this year than they were in 2017.

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Payroll Considers Its Cash Flow Influence

PYMNTS

Automatically looping information across various financial platforms — including accounts payable (AP), accounts receivable (AR) and expenses — is critical to achieving a real-time view of cash positions and developing more accurate forecasts.