PYMNTS

DECEMBER 8, 2016

businesses are attracted to digital invoicing for a slew of financial benefits: faster, more efficient accounts payable and reconciliation processes, a reduction in the threat of errors due to manual data entry and ability to capture early payment discounts thanks to an accelerated invoice management process. In the U.S.,

Accounts Payable 64

Accounts Payable Invoicing Compliance Reconciliations 64

PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do. ”

Accounts Payable 114

Accounts Payable Invoicing Reconciliations B2B 114

PYMNTS

APRIL 3, 2020

Accounts payable (AP) automation technology presents an obvious benefit to companies of all sizes and industries to boost efficiency and strategize vendor payments. ” From Onboarding to Compliance. . ” From Onboarding to Compliance.

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

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

JULY 2, 2020

Often at the center of this initiative is the accounts payable (AP) department — and unsurprisingly for these volatile times, the strategy can turn toward lengthening the days payable outstanding (DPO). “It’s not only the economics that are being optimized” by accepting cards, Leavitt said.

Economics 104

Economics Accounts Payable B2B Reconciliations 104

PYMNTS

JUNE 17, 2020

Once booked, the trip can be paid for via the Expensify Card, with transaction details automatically captured for reconciliation and reporting. The integration also supports automated reconciliation and cash flow management, the companies noted in a press release. Amadeus B2B Wallet Expands Functionality.

Reconciliations 67

Reconciliations Accounts Payable Risk Analysis B2B 67

PYMNTS

FEBRUARY 5, 2020

In this week’s examination of the latest in commercial card innovation, PYMNTS uncovers how service providers are emphasizing how card technology can ease friction pre- and post-payment, from promoting employee spend compliance to streamlining supplier reconciliation. Pleo Makes a Commercial Card Shift. Leavitt explained.

Reconciliations 53

Reconciliations Accounts Payable B2B Compliance 53

The Charity CFO

APRIL 29, 2022

We won’t deal with other types of nonprofit audits , like compliance audits or governmental audits, which can differ in certain respects. 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.

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

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. On top of that, nonprofit bookkeeping requires staying updated on income tax changes and filing requirements to ensure compliance. .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

PYMNTS

DECEMBER 5, 2019

After all, money exits a company through more than one avenue, whether it be via the accounts payable department or a firm’s own employees. Understanding businesses’ biggest payment pain points requires a wide line of sight.

Accounts Payable 52

Accounts Payable B2B Problem Solving Nonprofit 52

PYMNTS

APRIL 10, 2019

Corporates’ biggest procure-to-pay challenges often center around the friction of streamlining data flows and the movement of money, from sourcing and purchase order submission to invoice payment and reconciliation. Yet, as supply chains expand across borders, a new burden has landed on procurement teams’ shoulders: compliance.

Compliance 55

Compliance Invoicing Auditing Accounts Payable 55

PYMNTS

MAY 24, 2016

That leads to the necessity of payments taken across a variety of methods and with far-flung reconciliations. Tipalti is moving to help foster supplier payment functionality that stems from the cloud, with an eye on supply chains that need more robust communication and reconciliation as complexity comes into play.

Accounts Payable 40

Accounts Payable Reconciliations Compliance Currencies 40

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

PYMNTS

FEBRUARY 5, 2020

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. When every invoice is fully accounted for within a firm, he explained, financial professionals gain insight into the real sources of revenue — as measured against costs.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

MAY 26, 2016

Tipalti is launching its first-ever, end-to-end solution for accounts payable departments on the heels of news that the company secured an integration of its supplier payment solutions into the NetSuite SuiteCloud platform. ” The executive added that Tipalti’s new AP platform provides “unmatched automation.”

Accounts Payable 41

Accounts Payable Invoicing Reconciliations Compliance 41

PYMNTS

SEPTEMBER 23, 2019

The standard, according to SWIFT’s financial crime compliance and sanctions strategy head Heather Lee, offers banks an “opportunity to build greater levels of trust across the banking community” and promote collaboration between those partners. Beyond the Payment.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

APRIL 12, 2016

Nonprofits can face greater pressure than their for-profit peers when it comes to compliance. Not only do they add an enhanced level of security and fraud protection to the accounts payable process, they also simplify processes and provide a mechanism for generating new forms of revenue to support the nonprofit mission.”.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

SEPTEMBER 20, 2018

Requirements around the recording of digital data — for instance, newer rules on Hours of Service records and electronic recording of drivers’ hours worked — have industry players adopting tools to maintain compliance.

Accounting 63

Accounting Invoicing Accounts Payable Transportation 63

PYMNTS

FEBRUARY 27, 2018

“Regardless of the reason, these methods can pose problems, including reduced spend visibility, making it difficult to both track and enforce policy compliance and to perform back-office functions, such as reconciliation and reimbursement as well,” said GBTA Foundation Director of Research Monica Sanchez in a statement when the report was published.

B2B 41

B2B Marketing Accounts Payable Reconciliations 41

PYMNTS

DECEMBER 4, 2017

He likened his firm to a bridge between the accounts payable and receivable worlds as it relates to credit card usage and acceptance. Automation also proves attractive against a backdrop of manual transaction processing and reconciliation. He called this one of the key advantages of straight-through processing.

B2B 40

B2B Invoicing Reconciliations Accounts Payable 40

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. These entries correct errors, allocate costs, or reclassify transactions to the appropriate accounts.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

NOVEMBER 3, 2020

Palette Software has connected its accounts payable (AP) automation cloud technology with Aptean ERP , according to a Monday (Nov. Enterprise business software firm Aptean offers targeted enterprise resource planning (ERP), compliance and supply chain management solutions to firms throughout the globe, according to the announcement.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Categorizing transactions, reporting income, and meeting compliance requirements can be overwhelming. What is the actual goal in a nonprofit accounting setup? Or, put another way, What does the ideal accounting system look like?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

PYMNTS

FEBRUARY 13, 2018

As companies grow and go global, manually processing payments and accounts payable (AP) can be a hassle. Enter Tipalti , a global payables automation software company that includes all phases of the payments workflow in a cloud-based platform, which includes steps from supplier onboarding to cross-border payments and AP reporting.

Accounts Payable 41

Accounts Payable Invoicing B2B Startups 41

The Charity CFO

MARCH 2, 2022

You, and really oftentimes it’s an understanding of the compliance needs issue, um, and a skillset, frankly, rather than, rather than a… a number of bodies issue. You could also determine that by looking at their accounts payable, like, why aren’t we paying bills? It’s a capacity issue.

Nonprofit 98

Nonprofit Auditing Reconciliations Accounting 98

PYMNTS

JULY 31, 2017

“GST is a game changer as far as the indirect tax regime in India is concerned and is inextricably linked to invoices and payments related to any sale,” he said, adding that eInvoicing and ePayments promote GST compliance, while GST promotes the use of eInvoicing and ePayments.

Invoicing 40

Invoicing B2B Accounts Payable Cash Management 40

PYMNTS

APRIL 17, 2018

They need to run compliance. There is a whole lot of compliance that goes into being able to bank one of these customers. They have to know your customer — and know your customer’s customer,” he explained. A lot of them do facility checks. They do seed-to-sale reports to make sure dollars were legally earned.

Accounts Payable 40

Accounts Payable Compliance Banking Reconciliations 40