The Finance Weekly

JULY 31, 2023

In a recent webinar sponsored by Datarails , the FP&A solution for Excel users, three distinguished finance leaders came together to discuss the impact of AI on corporate finance. They highlighted how AI technology is transforming the way finance and accounting teams work with data and make decisions.

Corporate Finance 52

Corporate Finance Finance Leverage Accounts Payable 52

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. But the ERP of today doesn’t look like it used to. Disruption Ahead.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

JANUARY 20, 2021

Corporate finance teams were not simply tasked with finding ways to continue operations in a remote work environment as a result of the coronavirus crisis. Moving forward, said Fitzmaurice, will require focusing on the tools that can strengthen transparency and drive corporates toward their strategic goals.

B2B 125

B2B Invoicing Prioritization Corporate Finance 125

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SEPTEMBER 28, 2020

"Businesses and consumers must prioritize cyber resilience and recognize that it is everyone's responsibility to protect their data," said OpenText CEO and Chief Technology Officer Mark J. This week's B2B Data Digest looks at the latest figures behind such fraud targeting corporate finance teams. Barrenechea in a statement.

Accounts Payable 96

Accounts Payable Invoicing Treasury B2B 96

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NOVEMBER 16, 2018

By its very nature, accounts payable (AP) is a cost center: It’s where money leaves the enterprise, after all. At the highest levels, accounts payable has the opportunity to even add money to businesses, too. “It’s about having a strong business case internally.”

Accounts Payable 63

Accounts Payable Invoicing Accounting Corporate Finance 63

PYMNTS

JULY 16, 2020

Commercial card innovation continues to make big waves in the accounts payable (AP) department, as corporates and card issuers alike explore new ways to drive business spend on cards beyond business trips or ad-hoc purchases. American Express commercial cards have been a staple for many corporates over the years.

Accounts Payable 64

Accounts Payable SAP B2B Invoicing 64

PYMNTS

DECEMBER 11, 2017

Steve Troy, CEO of AeroFund Financial, says that’s a trend permeating many components of corporate finance today: Businesses don’t just need better tools – they need, in some cases, an entirely new way to manage finances. That could mean new payments rails to automated accounts payable solutions.

Corporate Finance 43

Corporate Finance Finance B2B Invoicing 43

PYMNTS

FEBRUARY 1, 2021

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. Data integration is climbing to the top of chief financial officers' priority lists.

Accounts Payable 98

Accounts Payable Compliance Corporate Finance Cash Management 98

PYMNTS

JANUARY 21, 2019

The firm’s Business Leaders Outlook report, published earlier this month, found that the majority of SMBs expect revenue, sales and profit increases in 2019, with executives turning to hiring activity and technological innovation as drivers of their success. ” The First Step — And Beyond. Looking Ahead.

B2B 75

B2B Accounts Payable Data Analysis Technology 75

PYMNTS

JANUARY 18, 2021

In addition to an enhanced user experience and seamless functionality, corporate and small business end-users are looking for financial services that can provide greater control over and visibility into finances — particularly in such volatile times. Marrying AP With Banking. The New ERP?

Accounts Payable 66

Accounts Payable Banking Invoicing Corporate Finance 66

PYMNTS

DECEMBER 12, 2018

Cryptocurrency-backed lending platform Cred is opening up its technology to third-party developers, the company has announced. 11), Cred revealed the rollout of its developer platform CredX (not to be confused with the new credit card accounts payable solution recently launched by Finexio ). In a press release on Tuesday (Dec.

Corporate Finance 55

Corporate Finance Accounts Payable Treasury Finance 55

PYMNTS

FEBRUARY 7, 2019

A press release revealed that the company will make its automated accounts payable (AP) solution available to U.K. ” The launch comes as AP automation grows increasingly in-demand among corporate finance professionals. .’s ” In a statement, Michel also noted that the U.K.’s

Accounts Payable 49

Accounts Payable Marketing Invoicing Reconciliations 49

PYMNTS

SEPTEMBER 29, 2020

As a provider of back-office financial technology, it's vital to speak with chief finance officer (CFO) and finance executive end-users about what they need and which friction points are giving them the most pain. Technology as an enabler is one part, but it's not the only part. Manual Pain Points. AI Steps in to Help.

Cash Flow Forecasting 59

Cash Flow Forecasting Accounts Payable Invoicing Corporate Finance 59

PYMNTS

JANUARY 7, 2021

There are a lot of moving parts in B2B payments that are keeping corporate finance executives busy as they work to modernize and optimize their operations. Corporate Priorities Ahead. In 2020, many of the biggest pain points in B2B payments were revealed, particularly when transactions move across border.

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B2B Accounts Payable Treasury Corporate Finance 97

PYMNTS

NOVEMBER 16, 2018

RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. Automation Anywhere. Purpose Financial LP led the funding round, reports said.

Accounts Payable 77

Accounts Payable Currencies Foreign Exchange Startups 77

PYMNTS

FEBRUARY 13, 2019

Data integration between back-office platforms is now an essential component for businesses deciding to adopt a technology. In the accounting space, that means integrations with enterprise resource planning (ERP), accounts receivable, accounts payable, procurement, banking and other portals.

Finance 75

Finance General Ledger Accounts Payable Math 75

PYMNTS

JANUARY 15, 2021

Accounts payable (AP) and accounts receivable (AR) personnel could no longer be in the office to handle paper, giving rise to the discussion of migrating away from physical invoices and other documents in favor of digital, automated solutions. This has been around for decades.".

B2B 73

B2B Invoicing Accounts Payable Prioritization 73

PYMNTS

DECEMBER 20, 2018

Growth in the commercial card industry is being driven by more than the push for supplier acceptance in accounts receivable. An example of the conjunction of commercial card innovation and shifting corporate payment trends can be found in the evolving workforce.

Banking 57

Banking Accounts Payable Budgeting Corporate Finance 57

PYMNTS

SEPTEMBER 23, 2019

While FinTechs are offering a greater variety of solutions to business users than ever before, corporate finance chiefs and treasurers still turn to their banks first to improve their B2B payments strategies. As businesses continue this shift, it is no longer safe to assume that corporates are not interested in faster payments.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

MAY 12, 2016

What’s next for enterprise mobility could be anyone’s guess, but some analysts have made their prediction: accounts payable. The firm broke it all down in a recent report: “ 3 Ways Mobile Solutions Address Today’s Top Accounts Payable Challenges.” Reducing Cycle Times. Streamlining Exceptions Resolution.

Accounts Payable 40

Accounts Payable Invoicing Accounting Corporate Finance 40

PYMNTS

NOVEMBER 1, 2017

But while business customers are certainly playing a significant role in pressuring FIs to heighten their technology game, a new research report from eProcurement firm Wax Digital shows that oftentimes, the companies’ own financial departments are behind on the digital transformation they’re demanding from banks. The Worst Offender.

Finance 54

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SEPTEMBER 17, 2020

That's particularly true for finance teams like accounts payable , accounting or payroll. According to Woods, organizations and their finance teams must be strategic about how they reduce their reliance on physical paper and invest in the technologies that can optimize document management without adding any extra pain.

Accounts Payable 63

Accounts Payable Compliance Invoicing Finance 63

PYMNTS

DECEMBER 29, 2016

Some B2B payments players have predicted that, on the accounts payable side of the transaction, higher interest rates will lead companies to extend their payment terms and to seek out AP technologies that offer integrated supplier financing solutions to help with that cash flow crunch on the supplier side.

B2B 49

B2B Accounts Payable Invoicing Corporate Finance 49

PYMNTS

JUNE 22, 2020

1 in 10 small businesses are able to cover more than 50 percent of fraud losses , the latest research from Bottomline Technologies revealed in its Bottomline 2020 Business Payments Barometer report. The company found that 58 percent of U.K. ” Coronavirus-related scams are on the rise, too, researchers found.

Accounts Payable 79

Accounts Payable Invoicing B2B Accounting 79

PYMNTS

MARCH 24, 2017

Investors diversified their funding to B2B companies this week, hitting several areas of corporate finance including accounts payable, accounts receivable, payroll and supply chain management. AP Automation. The company announced $4 million in funding this week led by Eileses Capital.

B2B 43

B2B Accounts Payable Corporate Finance Accounting 43

PYMNTS

SEPTEMBER 19, 2018

The spectrum of corporate technological disruption is vast. A new report from Capital One examined this question, focusing on how technological disruption will affect its finances. Or do they see disruption as an opportunity, hoping to benefit by adopting new technologies or by becoming disruptors?”

Marketing 53

Marketing Mergers and Acquisitions (M&A) Corporate Finance Finance 53

PYMNTS

JANUARY 17, 2018

The traditional strategy of handing an employee a corporate card, hoping they make responsible purchases and depending on accurate expense reports has evolved into a market that embraces automation, artificial intelligence, mobility and an array of card products, from P-cards to virtual numbers. ” The Power of Data.

Banking 74

Banking Accounts Payable B2B Technology 74

PYMNTS

MAY 1, 2019

Corporate treasury technology company HighRadius is rolling out a new cash flow forecasting solution developed using artificial intelligence (AI) technology.

Forecasting 40

Forecasting Cash Flow Forecasting Treasury Accounts Payable 40

PYMNTS

SEPTEMBER 4, 2018

Corporates may not be adopting faster and real-time payments technologies as fast as consumers, but that doesn’t mean the acceleration of payments isn’t impacting corporate finance.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

DECEMBER 13, 2018

As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. financial services space, data security will also come into focus for corporate finance executives even more than today.

Treasury 62

Treasury Banking Cash Management Accounts Payable 62

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FEBRUARY 7, 2018

Research released last month from BlackLine found nearly half (46 percent) of finance professionals are already using AI in the workplace, and most say accounts receivable (AR) and accounts payable (AP) will see the largest disruptions from the technology. Pay360 , a U.K.

Invoicing 43

Invoicing Corporate Finance Communication Accounts Payable 43

PYMNTS

JUNE 13, 2016

88% of finance professionals anticipate a rise in payments fraud , said TD Bank in its latest analysis. TD Bank Head of Corporate Products and Services Rick Burke said corporate treasurers need to begin a dialogue with their banks and financial services partners to integrate adequate security controls within their corporations.

Accounts Payable 41

Accounts Payable Corporate Finance Treasury Invoicing 41

PYMNTS

JULY 24, 2018

Dubbed Industry 4.0 , or the Fourth Industrial Revolution, digitization efforts are taking off as executives invest in technology to fuel growth. However, as growth accelerates, the integration and connectivity aspect of technology reaches new levels of complexity. That’s particularly true in the finance department.

Accounts Payable 40

Accounts Payable Financial Systems Technology Corporate Finance 40

PYMNTS

JANUARY 26, 2018

Technology is now instrumental to corporate accountants’ jobs, and to their efforts to overcome challenges like a lack of transparency and understanding of financial data. The cloud is hardly the only innovation disrupting the accounting space, however. Open Banking initiatives in the EU, U.K.,

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47

PYMNTS

MAY 11, 2018

The potential cannot be ignored, however – particularly in the finance department, where information from accounts payable, accounts receivable, treasury and accounting hold the keys to insight into cash flow, predictable payment behavior and new opportunities to boost the bottom line. ”

Accounts Payable 40

Accounts Payable Treasury SAP Forecasting 40

PYMNTS

APRIL 1, 2016

Offerings from FIs, like mobile banking and electronic payment support, can help encourage businesses to make the shift to ePayments, the executive said, but legacy payment technologies also need to be addressed. So, when a consumer deposits a physical check via mobile device, the funds arrive in the account, and the transaction is complete.

B2B 41

B2B Accounts Payable B2C Banking 41

PYMNTS

JANUARY 5, 2017

Simply put: Crooks love checks,” Mike Vigue, VP of product strategy, cyberfraud and risk management at B2B payments company Bottomline Technologies, told PYMNTS. Further, financial service providers can more easily offer only their largest corporate clients a digital billing and payment service.

B2B 40

B2B Reconciliations Corporate Finance Risk Management 40