PYMNTS

FEBRUARY 14, 2019

Cloud-based accounts payable solution provider Esker is teaming up with document services unit Fuji Xerox to deploy accounts payable solutions across the Asia Pacific region, the companies announced on Wednesday (Feb. Moving forward the firms will expand the offering to Australia, Hong Kong and Singapore.

Accounts Payable 43

Accounts Payable Accounting Invoicing Construction 43

PYMNTS

DECEMBER 29, 2020

Now, with electronic processes in place in accounts payable (AP) and accounts receivable (AR) departments, businesses are in a more strategic position than ever before to elevate workflows and strengthen B2B relationships. B2B payments are messier than B2C payments," said Chanda.

B2B 114

B2B Reconciliations Accounts Payable Invoicing 114

CFO Share

MARCH 2, 2023

Accounts payable is the most common source of fraud in a small business. Both internal accountants and external hackers target weak AP processes to steal money since it is the business process most vulnerable to fraud. What are some of the common fraud attempts in accounts payable?

Invoicing 52

Invoicing Accounts Payable Auditing Education 52

CFO Share

MAY 31, 2023

Accounts payable is an annoyance at best, a disaster at worst. More and more businesses use accounts payable outsourcing as a solution to this problem. What to look for in an accounts payable company. Educate your team about fraud schemes. The post Want to outsource your accounts payable?

Accounts Payable 40

Accounts Payable Accounting Auditing Invoicing 40

CFO Simplified

JUNE 23, 2022

It’s not unusual in a small company for the accounting manager to become the controller and then become the CFO. But without the requisite education, mindset, and experience, just having more years on the job doesn’t prepare the person for that role. Reconciles the bank accounts. Codes and processes Accounts Payable invoices.

CFO 96

CFO Cash Flow Forecasting Accounts Payable Forecasting 96

PYMNTS

FEBRUARY 6, 2018

Most companies today have at least some kind of automation in place within the accounts payable (AP) department. Even when invoices flow in as paper documents, organizations are using electronic solutions or optical character recognition (OCR) tools to process those bills for payment. Technology for Technology’s Sake.

Accounts Payable 40

Accounts Payable Accounting Invoicing Analyzing Data 40

PYMNTS

DECEMBER 15, 2017

Complex on so many levels, especially when it comes to payments and, more specifically, invoicing, where demands for payment are tracked through paper and electronic means. Flywire, for its part, has helped smooth the process in the education space by facilitating receipt of international payments from students and institutions.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

PYMNTS

OCTOBER 4, 2019

As part of that awareness, companies across all industries are realizing the strategic value of accounts payable (AP) automation and developing an understanding of emerging technology like artificial intelligence (AI) that plays a critical role in AP automation solutions. Another use case involves invoice ingestion.

Technology 56

Technology Accounts Payable Invoicing Education 56

PYMNTS

OCTOBER 8, 2019

Accounts payable (AP) departments all too often employ inefficient processes that slow down workflows, and delay supplier payments. These tools enable companies to automatically scan and digitize invoice data, removing the likelihood of mistakes during the manual data-entry process. Around The Next-Gen AP Automation World.

Accounts Payable 54

Accounts Payable Banking Invoicing Education 54

PYMNTS

JANUARY 28, 2020

Many accounts payable (AP) professionals turning to electronic payments to streamline their companies’ payment processes — specifically, how they pay invoices from suppliers — are putting virtual cards at the top of their lists, and for good reason. Across The Next-Gen AP Automation Space.

Accounts Payable 57

Accounts Payable Banking Invoicing B2B 57

PYMNTS

APRIL 4, 2016

Basware announced on Friday (April 1) — April Fools’ Day — a campaign that sends out fraudulent invoices to highlight the ease with which cybercriminals can convince a business to pay an illegitimate bill. Duplicate invoices, too, are becoming a problem, with millions worth of funds paying bills that had already been paid.

Invoicing 40

Invoicing Accounts Payable B2B Education 40

PYMNTS

FEBRUARY 25, 2020

Businesses looking to adopt cloud-based ERP solutions can run into a number of logistical, organizational and even social hurdles that can slow or even halt such systems’ successful integration into companies’ broader accounts payable (AP) operations. Using Data to Optimize Operations.

Accounts Payable 61

Accounts Payable Invoicing Education Securities 61

PYMNTS

DECEMBER 28, 2020

Tally Solutions Managing Director Tejas Goenka said the new service would help as India begins to force companies to adopt electronic invoicing (eInvoicing) in the next few months. In the new service, Tally will communicate with the Invoice Registration Portal (IRP) in order to send invoices in real time.

Invoicing 80

Invoicing B2B Education Communication 80

PYMNTS

SEPTEMBER 21, 2018

While that may be true, in the real estate sector, suppliers are considered such valuable partners that late payments are avoided at all costs, said Jennifer Coolidge, founder and president of real estate accounts payable (AP) solution provider Nexus. Plus, the security associated with virtual cards far surpasses that of paper checks.

Accounts Payable 53

Accounts Payable Invoicing B2B Accounting 53

PYMNTS

JANUARY 30, 2020

Virtual cards can improve accounts payable (AP) processes, benefiting both buyers and suppliers by streamlining day-to-day payments, and providing greater control over cash flows. The cards are also linked to checking or other payment accounts, and expire at designated times. PYMNTS reported that 46.4

B2B 71

B2B Invoicing Accounts Payable Reconciliations 71

PYMNTS

APRIL 30, 2019

These cases include individuals and family offices with business-sized needs, with business-sized challenges in accounts payable, expense management and payroll. ” In the area of bill payments, for instance, these individuals can quickly become overwhelmed by the volume of invoices they have to pay. .

Corporate Finance 61

Corporate Finance Accounts Payable Finance Invoicing 61

PYMNTS

NOVEMBER 13, 2019

In the drive to manage accounts payable (AP) more efficiently, buyers can not only optimize their own working capital, they can help suppliers, too. That, of course, means moving beyond the paper-based invoice processes and the paper check — something that roughly 81 percent of companies still use to pay suppliers.

Accounts Payable 46

Accounts Payable Invoicing Reconciliations Accounting 46

PYMNTS

AUGUST 22, 2019

To help deter fraud, AvidXchange Chief Information Security Officer and SVP of Technology Operations Christina Quaine told PYMNTS in an interview that “education with our customer base” is key – as is education for its employees.

Accounts Payable 57

Accounts Payable Education Securities Invoicing 57

PYMNTS

AUGUST 21, 2019

The drive to eliminate paper in the accounts payable process, to cut the steps that lead to inefficiencies, continues to get a boost from technology. As he told PYMNTS, those steps include manual sorting of invoices, sales orders and supporting documents – and, more importantly, the manual entry of data from these documents.

Accounts Payable 46

Accounts Payable Invoicing Financial Systems Compliance 46

PYMNTS

APRIL 10, 2020

The best cure to keep the criminals at bay is inoculation by education , Hodges and Edwards agreed, as the best way to guard the weakest link is to bolster it significantly. . The accounts payable (AP) process, to a large extent, remains stuck in a predigital time and is governed by checks as well as paper-based invoices.

Healthcare 86

Healthcare Accounts Payable Invoicing eCommerce 86

PYMNTS

JULY 16, 2018

Accounts payable (AP) automation offers lofty promises to the enterprise: nix paper, save money, cut out inefficiencies and provide more time for executives to focus on strategic tasks. “I’ve watched companies transform accounts payable from a cost center to a profit center,” he said.

Accounts Payable 41

Accounts Payable Invoicing Education Accounting 41

PYMNTS

JUNE 21, 2016

The B2B payments space has seen significant growth thanks to developers that often focus either on the accounts receivable or accounts payable side of cash management. The firm provides payment and invoice approval mechanisms that can be customized for users’ specific needs in spend management.

Accounts Payable 43

Accounts Payable Invoicing B2B Cash Management 43

PYMNTS

OCTOBER 14, 2020

That’s translated into a fundamental shift in workflows, spanning everything from procurement to invoice approvals to payments that need to be made. Accounts payable and receivable used to be concrete, separate operations. Looking at Working Capital – and Security. “A Looking Ahead .

B2B 97

B2B Accounts Payable Reconciliations Economics 97

PYMNTS

AUGUST 24, 2017

According to new data from business management consulting firm PayStream Advisors, dynamic discounting, which allows corporate buyers to receive a discount on their invoices based on how early they pay, is taking off in the accounts payable (AP) realm.

Accounts Payable 40

Accounts Payable Invoicing Management Consulting Leverage 40

PYMNTS

OCTOBER 2, 2019

Commercial payments, for example, have long relied on inefficient practices — like paper stubs that accompany paper checks, or lists of invoices paid and payments allocated to each invoice. It’s incumbent upon FIs to educate their corporate clients on the different faster payment services and products on offer.

B2C 81

B2C B2B Accounts Payable Invoicing 81

PYMNTS

DECEMBER 22, 2016

Take B2B trade, for instance: A company’s automated invoice and purchase order management technology can’t do much if the error that was placed within the system is erroneous, as personnel must then step into the business process and solve that data error manually. “You Halverson identified some of the ways data errors can occur.

Accounts Payable 40

Accounts Payable Invoicing B2B Analyzing Data 40

PYMNTS

JANUARY 16, 2020

Solution providers in accounts payable (AP) and accounts receivable (AR) are increasingly servicing not only their corporate customers, but their customers’ own business partners with their technologies. There’s a lack of education on what to do,” said CollBox Co-Founder and Vice President of Business Development Matt Darner. “At

Accounts Payable 56

Accounts Payable Invoicing Treasury Accounting 56

Future CFO

APRIL 22, 2024

According to a guidebook by software company Esker , after years of continuous change, adapting a more human-centric accounts payable approach is now a prerequisite for keeping a business competitive. Cheah also takes note of the impact of e-invoicing and fintechs, which push digital transformation to the forefront. “It

Finance 98

Finance Budgeting Accounts Payable Concentration 98

Trade Credit & Liquidity Management

APRIL 16, 2025

Incorporate third-party collection agency referrals into your collection strategies, while also deploying your internal resources, which are always limited to some extent, to high-dollar balances and priority accounts. Focus on Process Improvement Identify root cause issues driving errors in invoicing, shipments, and cash application.

Accounts Payable 52

Accounts Payable Invoicing Compliance Risk Analysis 52

PYMNTS

JULY 26, 2018

Those stand as the benefits of an accounts payable (AP) revolution — at least according to a recent PYMNTS webinar entitled “ The Payable to Payments Revolution.” Whether paper checks or paper invoices, it’s time to become completely independent of them and go completely electronic.”. for a manually processed invoice. “If

Accounts Payable 41

Accounts Payable Invoicing B2B Education 41

PYMNTS

AUGUST 24, 2017

More than half of accounts payable departments said they don’t partner closely with internal audit teams, while 82 percent have no connection to internal enterprise security teams. In general, he said, companies are aware of the risk of fraud in their accounts payable departments.

Accounts Payable 40

Accounts Payable Invoicing Benchmarking Auditing 40

CFO Simplified

DECEMBER 26, 2021

Plus, with the additional education and experience, a CFO brings a strategic financial view to the company. The controller establishes the calendar for any activities that occur in the accounting department. . The controller will set the schedule for how often they invoice, pay bills, or run payroll.

Finance 52

Finance General Ledger CFO Auditing 52

Future CFO

JULY 16, 2021

When it comes to the collections process, companies that remain focused on delivering exceptional service, having honest and consistent communication, and treating every customer with respect — regardless of what invoices are due — will set themselves apart. The post Is customer experience a priority for accounts receivable?

Accounting 52

Accounting Accounts Payable Communication Invoicing 52

CFO Share

MAY 10, 2024

These strengths include: Intimate transactional knowledge : Bookkeepers are excellent at tracking the inflow and outflow of cash through invoices, bills, payroll, and debt service. Start by ensuring your bookkeeper has accurately coded all bills, invoices, and transactions up to the forecast date.

Forecasting 52

Forecasting Cash Flow Forecasting Invoicing Accounts Payable 52

PYMNTS

AUGUST 14, 2019

Outside vendors expect their contracts to be signed much quicker, and their invoices to be paid much quicker.”. If a company generates a paper purchase order or receives a paper invoice, Kavas noted that in the very least, businesses must create a digital record of that information. They cannot scale anymore by hiring more people.

Invoicing 45

Invoicing Accounts Payable Education Compliance 45

PYMNTS

DECEMBER 5, 2019

The latest evolution of commercial card technology, however, aims to position cards as a digital tool for accounts payable teams to make supplier payments. Undoubtedly, the biggest hurdle in commercial card adoption in accounts payable is vendors’ reluctance to accept the interchange fee associated with receiving payments.

Accounts Payable 53

Accounts Payable B2B Reconciliations Accounting 53

CFO Share

APRIL 11, 2024

Reputable outsourced CFO firms adhere to best practices and technologies that elevate financial security, such as separation of duties, best-in-class password management, and continuous fraud education. Beyond security, there are other reasons “do it yourself accounting” hurts your business.

Securities 52

Securities CFO Invoicing Education 52