Remove Accounts Payable Remove Compliance Remove Reconciliations Remove Treasury
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AP Automation Braces For Open Banking, Globalization

PYMNTS

One of the latest FinTech firms to do so is accounts payable (AP) automation company Centsoft , which recently announced a data integration with QuickBooks Online. It’s one thing to enable two B2B FinTech platforms — like an accounts payable and accounting platform — to share data with each other.

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C-Suite execs believe intelligent automation helps augment finance’s capabilities

Future CFO

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%). Efficiency.

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Cannabis Cos’ Payroll Problems Run Deep

PYMNTS

It caught the Treasury Department, which oversees financial services regulation for the cannabis sector via its FinCEN (Financial Crimes Enforcement Network) branch, off-guard. They need to run compliance. There is a whole lot of compliance that goes into being able to bank one of these customers. It’s very labor-intensive.”.