Future CFO

JULY 1, 2020

Just look at how many finance departments operate – especially for large organisations. There are specialists handling accounts payables, accounts receivables, performing reconciliation, financial planning and analysis, etc. In the case of procurement and accounts payable (AP), this rings especially true.

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Accounts Payable Accounting Reconciliations Finance 52

Future CFO

APRIL 6, 2022

The post Four quarters to accounts payable efficiency appeared first on FutureCFO. This white paper details: The four stages of successfully adapting to a new AP automation solution The steps to take in each stage for AP, suppliers, and the overall business How to affect change in adjacent process areas to maximize benefits.

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Accounts Payable Accounting Technology Finance 52

Future CFO

MARCH 29, 2021

Prior to 2020, we heard discussions about the importance of automation to the finance function. FutureCFO spoke to Marcus Rex, managing director for Asia-Pacific, xSuite, for his perspective on how finance automation in general, and accounts payable in particularly, can help transform finance into a profit centre.

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Accounts Payable Accounting SAP Invoicing 52

PYMNTS

DECEMBER 3, 2020

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. In June, Kofax introduced a new trade finance solution, PYMNTS reported, aiming to automate the handling of hard copy and electronic trade transaction paperwork.

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Accounts Payable Accounting Invoicing Compliance 69

Future CFO

APRIL 22, 2024

The evolution of the finance function over the past few years has been anything but apparent, with the whole advent of digitalisation within the team and the non-stop shifts in the market. For many Finance teams, AI-powered technology does not replace humans as it functions more like a highly specialised team member.

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Finance Budgeting Accounts Payable Concentration 98

PYMNTS

JULY 3, 2020

Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. “The finance function, historically, hasn’t been managed in a remote working environment,” he said. ” Offering the Right Tools.

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Accounts Payable Accounting Banking Invoicing 85

Future CFO

APRIL 6, 2022

Accounts Payable is responsible for so much more than just paying incoming bills and invoices, particularly given today's global challenges. In partnership with Kofax , SSON ran an industry-wide AP Automation Maturity survey, gaining insights from all over the world into how companies are growing their payables efficiency.

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Accounts Payable Accounting Reconciliations Invoicing 52

PYMNTS

NOVEMBER 15, 2018

A new report from Software-as-a-Service (SaaS) firm Inspyrus suggested that chief executive officers and accounts payable (AP) professionals aren’t seeing eye to eye on AP technology, and organizations are failing to upgrade their AP processes and tools as a result.

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Accounts Payable Accounting Invoicing Finance 63

PYMNTS

JULY 22, 2020

Recent events have irrevocably changed the way finance departments operate, bringing to light glaring issues with the current processes. Paper invoices, on the other hand, still dominate finance departments today. where they account for 75 percent of all invoices. The race for automation in all areas of business is now underway.

Accounts Payable 60

Accounts Payable Accounting Invoicing B2B 60

PYMNTS

APRIL 8, 2020

With a launch that links enterprise resource planning (ERP) with accounts payable, among other systems, OpenText debuted its new OpenText™ Trading Grid™ The rollout brings together multi-enterprise cloud integration capabilities with data visualization and microservices architecture, according to an announcement.

Accounts Payable 72

Accounts Payable Accounting B2B Manufacturing 72

PYMNTS

AUGUST 8, 2019

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. Which will come out on top?

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Accounts Payable Accounting B2B Reconciliations 57

PYMNTS

MARCH 31, 2020

To make the complete payables process smarter, global payables automation company Tipalti unveiled its Tipalti Pi integrated payables intelligence engine, according to a press release. The solution identifies fraud and risk, bolsters decision making, automates manual work and eliminates accounts payable (AP) process errors.

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Accounts Payable General Ledger (GL) Accounting General Ledger 53

Future CFO

APRIL 21, 2021

Business continuity is now a top priority for most supply chain and finance leaders, causing fundamental shifts in AP functions and a need for innovation. So, what does the New Accounts Payable department look like? Accounts payable is in a different position today than it was only a matter of months ago.

Accounts Payable 40

Accounts Payable Accounting Invoicing Finance 40

PYMNTS

MARCH 21, 2019

Zion Market Research released a report about the accounts payable software market on Wednesday (March 20), estimating the market will reach about $1,567 million by 2025, according to a release by the company. The global accounts payable software market is segmented on the basis of type and application.

Accounts Payable 52

Accounts Payable Accounting Marketing Startups 52

The Finance Weekly

DECEMBER 22, 2022

As the outlook for the 2023 economy becomes more uncertain, finance professionals are looking to invest in technology that increases organizational efficiency and contributes to strategic decision-making. In essence, it's all about the economy and promoting business partnering. Maximizing ROI with Targeted Solutions.

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Financial Planning and Analysis (FP&A) Finance Accounts Payable Prioritization 98

Future CFO

AUGUST 13, 2023

In the journey towards modernisation of finance operations to support a rapidly digitalising enterprise, one of the challenges of finance leaders will be orchestrating the adoption of the right applications to support the evolving needs of the business. Which one technology (brand/product) has contributed most to your success?

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Financial Planning and Analysis (FP&A) Finance Budgeting Accounts Payable 98

The Finance Weekly

NOVEMBER 8, 2022

A finance software stack is a list of top solutions that will produce the best results for finance teams. Finance is responsible for a large number of critical operations in a business. Here are the 7 best finance software solutions broken down into different categories: 1) Accounting. Low implementation times.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Accounts Payable Invoicing 98

Fpanda Club

MARCH 14, 2021

Assessing efficiency of businesses, projects and processes, the finance function does not always set an example in terms of best productivity. The evolution of the finance function results in new roles of finance professionals as strategic co-pilots and process and performance management experts.

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Finance Benchmarking Transportation Accounts Payable 130

Future CFO

MARCH 5, 2023

“Finance automation technology integrates machine learning and artificial intelligence for use in areas such as financial analysis, payroll administration, invoice automation, collections action, and preparing financial statements. What aspect of the finance function benefited most from the introduction of automation, and why?

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Financial Planning and Analysis (FP&A) Finance Accounts Payable Financial Analysis 98

PYMNTS

MARCH 10, 2017

The company said this week that it will roll out an accounts payable solution using a virtual card payment method, a solution, Edenred noted, that “offers security, speed and traceability” for easier supplier payments and reconciliation. The solution will provide its corporate clients with incentives to use the virtual card, it said.

Accounts Payable 55

Accounts Payable Accounting Reconciliations Finance 55

PYMNTS

JULY 3, 2018

New research suggests a vast divide between businesses that have embraced technology and electronic processes in the accounts payable department and businesses that instead prefer to retain those paper invoices and checks. While the gap is wide, researchers noted overall improvement in the perception of the accounts payable department.

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Accounts Payable Accounting Invoicing Reconciliations 41

CFO News

AUGUST 13, 2023

Annual reports, account payables, treasury management, forecasting, and legal are some areas where CFOs are trying and discovering the use cases for generative AI (artificial intelligence) in their organisation.

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Accounts Payable Treasury Finance Forecasting 97

Future CFO

MARCH 16, 2022

Hexamatics Servcomm , an HR and business process service provider headquartered in Malaysia, decided at the onset of the current pandemic to automate its operational account and control (OAC) function, which has been crucial in reducing daily operation time by 50% to 60%. For each process, we create an SOP.

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Finance Accounts Payable Invoicing Compliance 98

https://trustedcfosolutions.com/feed/

JUNE 2, 2022

Suppose your company finances are complicated and include multiple entities or locations. In that case, you may be looking for more powerful real-time accounting solutions to provide you with a better view of your entire operation and help with things like taxation, HR, multiple currencies, and more. appeared first on.

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Finance General Ledger IFRS GAAP 104

Future CFO

JULY 5, 2020

Discussions around automating finance with new tech often lead to the same question: will I lose my job? Register now for a free account! xSuite Group's Nils Stuhr dispels this concern with field experience. Accessing FutureCFO Premium Content. To access Premium content and more, please login below. Not a Premium member yet?

Accounts Payable 52

Accounts Payable Accounting Finance 52

PYMNTS

JUNE 21, 2016

In accounts payable, for instance, the industry may not be at a point where it can perform as a strategic function of the enterprise, because many businesses — small and large — are still lagging in the most basic upgrades, said AP firm Anybill ‘s chief strategy officer, Sander Mueller. “They want it automated. .”

Accounts Payable 42

Accounts Payable Accounting SAP Corporate Finance 42

The Charity CFO

MAY 31, 2022

It’s a myth that all stakeholders need to be experts in every aspect of nonprofit finances. Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financial analysis. Because the basics of nonprofit finances are easy to grasp. . Money In: Revenue.

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Nonprofit Finance Auditing Accounts Payable 98

CFO Network

MARCH 11, 2024

Accounts Payable Management: Ensuring Timely Payments Another critical aspect of cash flow management is managing accounts payable effectively. Neglecting accounts payable can result in missed payments, damaged vendor relationships, and even disruption of essential supplies or services.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Invoicing Forecasting 52

PYMNTS

FEBRUARY 6, 2018

Most companies today have at least some kind of automation in place within the accounts payable (AP) department. Automation in accounts payable can go a lot further, though, he said. uses in its accounts payable tool, FS2, to automate invoice processing, payments procedures and fraud analysis.

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Accounts Payable Accounting Invoicing Analyzing Data 40

Future CFO

OCTOBER 24, 2021

Mastercard announced recently a new supply chain finance offering within Track Business Payment Service (Track BPS) , saying it is designed to increase access to working capital while lowering costs, reducing complexity and risk, and accelerating automation when businesses pay and get paid.

Finance 52

Finance Accounts Payable Reconciliations Accounting 52

PYMNTS

AUGUST 4, 2020

And according to Fraser, that means banks will be poised to support that cash flow collaboration through trade finance innovation. Lessons Learned From 2008. According to Fraser, that has a profound impact on these firms’ ability to support their partners. There are new lessons to be learned, too.

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Finance Cash Flow Forecasting Accounts Payable Economics 124

Future CFO

FEBRUARY 11, 2024

The accounts payable (AP) department goes beyond just ensuring that all bills and invoices are cleared on time. Choosing the right accounts payable (AP) system can feel overwhelming. Click on the link to download your copy of the 8 questions you need to ask about your accounts payable system.

Accounts Payable 52

Accounts Payable SAP Invoicing Accounting 52

PYMNTS

MARCH 23, 2016

Accounts payable solution Anybill is getting closer to existing partner Intacct in an effort to streamline the flow of financial data between the two platforms. An announcement on Tuesday (March 22) said Anybill has extended its venture with Intacct, which provides ERP software.

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Accounts Payable Accounting Invoicing Financial Systems 40

CFO Talks

JANUARY 30, 2023

Increased automation of financial processes such as accounts payable, bank reconciliations, financial closes and reporting is freeing up the CFO’s time, enabling them to focus their energies on analysis and storytelling rather than crunching numbers.

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Finance CFO Accounts Payable Forecasting 52

PYMNTS

SEPTEMBER 23, 2020

There are three new features — Intelligent Collections, Intelligent Vendor Management and Intelligent Planning — which are intended to remove time-wasting steps and friction and improve cash flow for corporate finance teams, the release stated.

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Corporate Finance Finance Cash Flow Forecasting Vendor Management 70

Future CFO

OCTOBER 16, 2022

When it comes to AI in corporate finance, there are five top use cases for FP&A leaders to consider, said Gartner recently. McDonald, senior director, research in the Gartner Finance practice. . The post AI in corporate finance: The top five use cases appeared first on FutureCFO. Source: Gartner (October 2022). “FP&A

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Corporate Finance Finance Forecasting Accounting Principles 52

CFO Simplified

DECEMBER 12, 2021

The terms “finance” and “accounting” are often used interchangeably. There are, however, very real differences between finance and accounting. How to Define Finance vs. Accounting. How to Define Finance vs. Accounting. Finance is categorized as strategic while accounting is much more tactical.

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Accounting Finance Cash Flow Forecasting CFO 52