article thumbnail

How Inefficient B2B Payments Systems Hobble Business Growth

PYMNTS

Corcentric President and COO Matt Clark explained that failing to transform financial functions, like accounts payable (AP) and accounts receivable (AR), can actually stall businesses’ expansion efforts. However, financial transformation is complex. Through that, you can provide optionality to the supplier.”

B2B 75
article thumbnail

10 Tips CFOs Can Use to Put AI in Finance to Work Today

Planful

Consider how the State of Pennsylvania overpaid a school district by half a million dollars because the spreadsheet data supplied by the district inflated enrollment numbers. As data collection expands and an organization scales, this type of throw-more-people-at-it strategy is simply unsustainable.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user. Our cloud planning and analytics platform empowers companies to integrate deep data analysis , forecasting , and budgeting using scalable software.

article thumbnail

How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user. Bank reconciliation: Because employees can quickly modify or change numbers, you may run into false reconciliations.

article thumbnail

BMO Links Corporate Customers To Conferma V-Cards

PYMNTS

“Paper can be cumbersome for travelers and accounts payable teams, who often need to delay payments because required back up detail is missing. The tool enables companies to pay travel suppliers with a single use virtual card number.

article thumbnail

Portal Finance: Don’t Finance A Small Supplier Out Of Context

PYMNTS

“We found that by helping large corporates de-risk their supply chains with their accounts payable and reconciliation processes, we were able to leverage the relationship with their supplier network to reach a large number of suppliers,” Caicedo told PYMNTS.

Finance 40