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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. Contact Trusted CFO Solutions to explore even more possibilities with Sage Intacct.

Accounts Payable 62

Accounts Payable Reconciliations Leverage CFO 62

PYMNTS

JUNE 9, 2020

With accounts payable (AP) departments no longer able to step into their offices to print, sign and send checks, supplier payments quickly moved to the center of companies’ modernization discussions. “What a CFO needs to decide is whether they are comfortable with somebody taking possession of their money,” he said.

Accounts Payable 53

Accounts Payable Reconciliations CFO Accounting 53

The Charity CFO

APRIL 29, 2022

That means keeping your paperwork organized, staying current on your reconciliations, tracking restricted funds , and accurately recording all your expense and revenue transactions each month. PRO TIP: If your internal team can’t keep up, you can always consider an outsourced nonprofit accounting service to keep your books audit-ready.

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

Future CFO

AUGUST 1, 2023

Supriya Deka: The general features of financial applications include accounting, reporting & analytics, bank reconciliation, billing & invoicing, asset management, budgeting & forecasting, financial risk management, expense tracking, and payroll management.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 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. “Any strategic CFO will recognize the need for digital transformation.” And there are a lot of them.

Invoicing 66

Invoicing Accounts Payable Reconciliations B2B 66

CFO Simplified

DECEMBER 26, 2021

Mid-sized businesses benefit the most from hiring a fractional CFO. At this level, there is enough complexity that CFO services can positively impact business decisions. We know, however, that hiring a full-time CFO can come with a hefty price tag. In these scenarios, bringing in a fractional CFO can benefit everyone.

Finance 52

Finance General Ledger CFO Auditing 52

PYMNTS

JULY 28, 2020

Although the enterprise continues to accelerate its digitization efforts, chief financial officers keep hitting roadblocks when it comes to modernizing workflows regarding accounts payable (AP) and embracing electronic payments.

B2B 70

B2B Reconciliations Accounts Payable Prioritization 70

The Charity CFO

FEBRUARY 4, 2022

Prepare bank reconciliations. Allocate revenue and expenses to restricted fund accounts . Prepare the data accountants used to create income statement, balance sheet, and cash flow statement. At The Charity CFO, we handle the books and all of your accounting needs. Record and classify payments and bank transfers .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

PYMNTS

FEBRUARY 1, 2021

It’s not that automating invoice generation, banishing checks, automating the cash application process and systematically removing all the manual touches from accounts payable (AP) and accounts receivable (AR) workflows weren’t unknown concepts among chief financial officers (CFOs) and treasury departments at the time.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

Future CFO

OCTOBER 24, 2021

Buyers and suppliers will see improved visibility, traceability, and procure-to-pay cycle times, the firm said, adding that payment partners as a result can use this data to reduce risk, decrease reconciliation costs, and help further advance early payments in the accounts payable and receivable processes.

Finance 52

Finance Accounts Payable Reconciliations Accounting 52

PYMNTS

JANUARY 22, 2021

In the accounts receivable (AR) function, Franco noted that Nurx implemented lockboxes in order to centralize the receipt of paper checks from insurance companies. But on the accounts payable (AP) side, the company also saw the opportunity to shift from checks to digital payment methods to pay vendors.

Healthcare 74

Healthcare Prioritization B2B Accounts Payable 74

PYMNTS

NOVEMBER 26, 2020

These processes can help them avoid losing track of invoices and make it easier for them to complete their approval and reconciliation procedures to meet payment due dates. . AP teams that can reduce the time spent analyzing and managing invoices as well as typing up billing data will have more efficient, swifter processes, she noted.

Invoicing 67

Invoicing B2B Accounts Payable Reconciliations 67

Future CFO

MAY 15, 2022

Finance leaders keen to get a head start before transitioning to PEPPOL can consider moving to a semi-automated mode – or accounts payable (AP) automation – to allow both internal and external stakeholders time to understand their vision and gain trust in the underlying technologies. Implementing PEPPOL.

Invoicing 52

Invoicing Accounts Payable SAP Finance 52

PYMNTS

OCTOBER 14, 2020

Accounts payable and receivable used to be concrete, separate operations. That’s especially true for smaller firms, where, he told Webster, “CEOs or owner-operators do not have the time to be the CFO or the treasurer.”. Now, more than ever, noted Gavrity, workflows are integrating through software solutions.

B2B 97

B2B Accounts Payable Reconciliations Economics 97

Future CFO

AUGUST 19, 2021

Within the finance/accounts department, the top three functions where intelligent automation is implemented are accounts payable (61%), accounts receivable (57%) and budgeting/FP&A (51%). Intelligent automation is least used in risk management (24%), tax (20%), and treasury (14%).

Accounts Payable 40

Accounts Payable Treasury Risk Management Finance 40

CFO Share

SEPTEMBER 27, 2022

In-house accountants perform many or all the same tasks as outsourced accountants, including: Routine bookkeeping. Account reconciliations. Managing and accounting for payroll . Accounts payable (general AP) – outsource. Balance sheet accruals. Filing income taxes, sales taxes, and payroll taxes.

Accounting 40

Accounting Accounts Payable Invoicing Manufacturing 40

Future CFO

AUGUST 3, 2021

Participants also shared how technologies freed financial professionals to become more effective, the importance of upskilling and sharing experiences, and the changing role of the CFO office within their companies. We deployed robotic process automation for the accounts payable. The race for clarity.

Finance 52

Finance Forecasting Financial Modeling Accounts Payable 52

Planful

JANUARY 11, 2022

Without AI, employees are burdened with hours of monotonous tasks like reporting and data reconciliation. This was great for business but led to increasingly long financial reconciliation times. Common functions include elements of accounting, accounts payable and receivable, and payroll.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

The Charity CFO

APRIL 25, 2024

About The Charity CFO The Charity CFO is an accounting firm specializing in serving nonprofits through outsourced accounting and fractional CFO services. We know what a nonprofit goes through each day, and we utilize technology to simplify our clients’ accounting processes. Let’s meet these organizations.

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

CFO Simplified

APRIL 8, 2022

Bring Value through CFO Insights. This person learns all the ins and outs of the accounting system and everything else about the business. She did payroll, accounts payable, invoicing and cash receipts. Bank reconciliations should be reviewed by management. But the real question is: Should they?

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Reconciliations CFO 52

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 spreadsheets are commonly used and easy to modify, they are not designed to store and protect sensitive information.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

PYMNTS

NOVEMBER 19, 2020

In the continuous movement toward automating B2B payments – and especially payables – the pandemic is pushing firms to examine internal workflows and embrace the touchless process. Robotic process automation and accounts payable (AP) automation can be blended into solutions that are verticalized for specific tasks.

Accounts Payable 83

Accounts Payable B2B Reconciliations Accounting 83

CFO Simplified

NOVEMBER 28, 2022

The President of CFO Simplified, Larry Chester , shares the importance of inventory value reports with us. . Here is probably the largest single asset in your company, and if you’re not making sure that those numbers are correct, you’re missing a very important reconciliation that you need to do. .

General Ledger 98

General Ledger CFO Accounts Payable Reconciliations 98

PYMNTS

DECEMBER 30, 2020

Accounts payable (AP) departments were no longer in the office to cut paper checks, and accounts receivable (AR) personnel were no longer in the office to receive them. That's especially true, he told PYMNTS , when it comes to capturing data from purchase orders and invoices to accelerate document processing and reconciliation.

B2B 119

B2B Accounts Payable Invoicing B2C 119

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. Bank reconciliation: Because employees can quickly modify or change numbers, you may run into false reconciliations.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

Michigan CFO

SEPTEMBER 14, 2023

For businesses interested in the nuances of fraud and its prevention, a workshop dedicated to understanding how embezzlement happens by Michigan CFO, a respected business management consultant firm, offers valuable insights. The post Segregation of Duties to Prevent Embezzlement appeared first on Michigan CFO Associates.

Accounts Payable 52

Accounts Payable Management Consulting CFO Reconciliations 52

The Charity CFO

MARCH 2, 2022

Isabel is the Onboarding Specialist at The Charity CFO. You used to audit nonprofit organizations back in the day, similar to me, but while I was the CFO of a nonprofit, you were my auditor. You could also determine that by looking at their accounts payable, like, why aren’t we paying bills?

Nonprofit 98

Nonprofit Auditing Reconciliations Accounting 98