CFO Share

MAY 10, 2024

Although bookkeepers are not professional financial planners, they can use their intimate knowledge of your transactions to assist business cash flow management. List All Accounts Receivable (AR) Due by Week (bookkeeper) : This includes customer payments that are expected to come in and will directly impact your cash inflow.

Forecasting 52

Forecasting Cash Flow Forecasting Invoicing Accounts Payable 52

PYMNTS

MAY 13, 2020

Financial instabilities that many companies are facing due to the pandemic has made compensation delays even more painful to suppliers. Manual AP processes give little insight into companies’ payments obligations or financial statuses. Deep Dive: Ho w AP Automation Enables More Informed Investment Decisions. About The Tracker .

Invoicing 79

Invoicing Accounts Payable B2B Budgeting 79

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. He pointed to financial reporting as one example of this shift. The ERP’s Role in a FinTech World.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

https://trustedcfosolutions.com/feed/

FEBRUARY 11, 2023

Having the right strategies in place helps open up new opportunities while preventing major roadblocks in your financial reporting. Continue reading to learn about our tips for achieving a faster, more accurate close, and how Sage Intacct grants finance teams the freedom to focus on higher-value initiatives.

Accounts Payable 62

Accounts Payable Reconciliations Leverage CFO 62

The Finance Weekly

MARCH 13, 2022

Because Finance forms the backbone of any business. Here are some examples of shining up-and-coming companies that sell to finance departments, as well as what their VCs had to say about them. For the first time, all financial data is uploaded to the cloud, providing continuous agility and content sharing.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Investments CFO Accounts Payable 52

PYMNTS

JANUARY 25, 2019

Companies must not only integrate solutions that can connect to their customers’ operations (for instance, a B2B supplier could gain a competitive edge if they were able to automatically provide a customer with remittance data following payment), but work to ensure financial technologies are interconnected.

Corporate Finance 69

Corporate Finance Finance Accounts Payable Communication 69

The Charity CFO

MARCH 27, 2024

Cloud-Based Accounting Solution Having a cloud-based accounting system is almost required in today’s modern nonprofit landscape, but many accounting programs don’t offer virtual access. Luckily, QuickBooks Online lets your team connect and work with financial data from anywhere with secure internet access.

Nonprofit 40

Nonprofit Accounts Payable Compliance Invoicing 40

Future CFO

AUGUST 1, 2023

The rise in digital transformation (DX) initiatives and the adoption of mobile technologies have also contributed to the demand for cloud-based financial applications in Asia/Pacific. Companies are increasingly seeking secure and compliant solutions to manage their financial data.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

DECEMBER 1, 2020

Kim Vodicka, vice president of commercial operations at Dell Financial Services, a division of Dell Technologies that provides financing solutions to businesses’ corporate and consumer clients, told PYMNTS , “APIs are becoming a very common request in the payment space. It’s making a major difference.

Treasury 64

Treasury Accounts Payable B2B Invoicing 64

PYMNTS

JULY 23, 2019

But according to Billie Co-Founder Aiga Senftleben, in order to break the cycle of delayed vendor payments, solution providers cannot tackle the problem from only an accounts receivable (AR) or accounts payable (AP) perspective. In Germany, she said, FinTech has made significant strides in payments innovation.

Accounts Payable 58

Accounts Payable Invoicing B2B Finance 58

Planful

JANUARY 11, 2022

To get you started, here are 5 ways you can use AI to transform finance and 5 ways AI can speed your move away from yesterday’s technology for a total of 10 tips you can put to work today. If AI or AI in Finance is a new concept for you, here are some other important terms to know: Artificial intelligence (AI): . Essential Terms.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

The Charity CFO

APRIL 1, 2024

QuickBooks provides an easy-to-use bookkeeping solution that puts all of your financial data in one place. All of your financial data lives securely in the cloud, which also means you can access it from anywhere with a secure connection. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

PYMNTS

APRIL 23, 2019

“Basware’s networked source-to-pay solutions, eInvoicing and innovative financing services empower organizations with 100 percent spend visibility by enabling the capture of all financial data across procurement, finance, accounts payable and accounts receivable functions.”

Accounts Payable 43

Accounts Payable Budgeting Compliance Accounting 43

PYMNTS

JANUARY 22, 2021

For Ori Franco, chief financial officer at digital-first, female-focused healthcare service Nurx , the pandemic created an opportunity to initiate changes that were not previously considered as areas of potential optimization. That's not something you typically think about from a finance organization," he said.

Healthcare 74

Healthcare Prioritization B2B Accounts Payable 74

Spreadym

AUGUST 17, 2023

A financial reporting dashboard is a visual representation of financial data and key performance indicators (KPIs) presented in a consolidated and easily digestible format. This allows for a personalized view of the financial data. Organize the dashboard into sections or tabs for different financial areas (e.g.,

Financial Reporting 52

Financial Reporting CFO Cash Flow Forecasting Budgeting 52

Michigan CFO

JUNE 7, 2023

Understanding the Role of a CFO A CFO is a high-level executive responsible for overseeing the financial activities of an organization. Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team.

CFO 52

CFO Problem Solving Budgeting Communication 52

PYMNTS

APRIL 8, 2020

Wells Fargo said the Fed’s cap on growth limited its ability to provide PPP financing. And even as financial institutions began to smooth out the process, the initiative hit another snag Monday when reports emerged that the SBA’s computer systems had crashed. Bottomline Technologies.

Banking 98

Banking Accounts Payable Compliance Technology 98

PYMNTS

JANUARY 30, 2020

Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives, and FinTechs finding new ways to collaborate with each other. AccountantsWorld Unlocks Payroll Data for FinTechs.

Banking 64

Banking Accounts Payable B2B Compliance 64

PYMNTS

MAY 11, 2018

But the aggregation of troves of data points is a monumental task – let alone sorting, analyzing and making sense of that information. What that means for financial processes like accounts receivable and accounts payable is a view of data in context, rather than isolated data points. ”

Accounts Payable 40

Accounts Payable Treasury SAP Forecasting 40

PYMNTS

JANUARY 29, 2020

Another major hurdle unique to the purchase-to-pay space is the process’s deep touch points with an array of other back-office functions within the enterprise, including vendor management, product sourcing, accounts payable, accounting, inventory management, contract management, manufacturing and distribution, and more.

Banking 52

Banking Accounts Payable Vendor Management Reconciliations 52

PYMNTS

DECEMBER 13, 2018

The problem can be traced back to data: as organizations scale, either through organic growth or M&A, they’re taking on more financial management platforms and opening more bank accounts, leading to fragmented storage of financial data. Open banking is not a regulatory requirement in the U.S.,

Treasury 62

Treasury Banking Cash Management Accounts Payable 62

Future CFO

JUNE 13, 2022

Editor’s note: Finance executives could no longer succeed by focusing simply on numbers. Grace Lim (pictured), CFO at KK Women's & Children's Hospital (KKH) in Singapore shared with FutureCFO audiences how female finance executives could become CFOs. This article is part of FutureCFO's Female Leadership in Finance Series.

Healthcare 52

Healthcare CFO Leadership Finance 52

Spreadym

JUNE 19, 2023

Control Accounts Payable: Effectively manage your accounts payable by negotiating favorable payment terms with suppliers, taking advantage of early payment discounts, and optimizing your inventory levels to avoid tying up excessive cash in stock. Optimize Cash Flow: Identify opportunities to enhance your cash flow.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

PYMNTS

JUNE 22, 2016

In B2B payments, accounts payable automation is a hot topic, as are the challenges AP professionals face when it comes to paying suppliers and managing the data from those transactions. SMEs are hit even harder by long payment terms that clock in at an average of 72 days, the Asset Based Finance Association found.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

PYMNTS

JUNE 13, 2018

.” The consequences of the inability to quickly pinpoint anomalies, disruptions and root causes of these challenges using internal data are vast, including non-compliance, strained buyer-supplier relationships and, of course, wasted money. “That means they get behind in terms of approving and resolving invoices.

Invoicing 54

Invoicing Accounts Payable Budgeting Compliance 54

PYMNTS

JANUARY 14, 2020

Businesses tap myriad digital solutions and contract with numerous companies to keep their operations’ finances running smoothly. This complicated process can involve everything from accounting and invoicing software to bank accounts. APIs are the mechanism for real-time interactions between different parties.”.

Cash Management 52

Cash Management Invoicing Accounting Leverage 52

PYMNTS

SEPTEMBER 12, 2018

There is no shortage of FinTech firms that have emerged since the 2008 financial crisis aiming to facilitate access to small business capital, many of which target supplier and invoice financing specifically. ” In other words: more affordable financing. .” ” In other words: more affordable financing.

Finance 40

Finance Accounts Payable Invoicing Reconciliations 40

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

The Finance Weekly

FEBRUARY 11, 2024

It's crucial for small businesses to maintain good cash flow by managing finances and staying updated on Accounts Receivable (AR). Now, let's look at common challenges finance teams face with AR and ways to enhance payment collection while minimizing the risk of unpaid invoices. from 2022 with $47,758.

Accounting 52

Accounting Invoicing Accounts Payable Budgeting 52

PYMNTS

JANUARY 26, 2017

Cross-border payments, trade finance, smart contracts — blockchain has the potential to disrupt B2B processes, but FinTech players are only beginning to take these concepts onto a real-world stage. For one firm, Finlync , the key to unlocking the potential of blockchain in B2B processes is unlocking the underlying data of that activity.

SAP 57

SAP Invoicing Reconciliations B2B 57

The Charity CFO

APRIL 5, 2022

But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting. Though both systems use the same numbers, looking at those numbers differently can give you a very different perspective on the state of your finances.

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

PYMNTS

SEPTEMBER 12, 2018

Alternative small business finance comes in many forms as FinTechs target SMB cash flow. Considering cash flow woes are often linked to long payment terms for corporate customers, many of these AltFin players are emerging with financing products designed to target this particular weak point in small business finance.

Finance 40

Finance Accounts Payable Invoicing Reconciliations 40

Spreadym

JULY 10, 2023

These entries correct errors, allocate costs, or reclassify transactions to the appropriate accounts. Subsidiary Ledgers and Reconciliations: Subsidiary ledgers, such as accounts receivable and accounts payable, are reconciled to the general ledger to ensure consistency and accuracy.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

PYMNTS

JULY 29, 2019

The complexities of business transactions not only mean various financial functions, from accounts payable to payroll, are stuck in their own silos — it can often mean more silos within those disparate systems. In corporate payments, the term “silo” is synonymous with “headache.”

Accounts Payable 73

Accounts Payable B2B Invoicing Accounting 73

PYMNTS

AUGUST 9, 2019

That’s what makes the marrying of front-office finances with back-office finances so valuable for this space, according to Teri Wilson, general manager at restaurant accounts payable technology firm Sourcery. At first glance, the synergies between a point of sale (POS) and accounts payable solution may not appear clear.

Accounts Payable 43

Accounts Payable Invoicing Reconciliations Finance 43

PYMNTS

JULY 30, 2020

With more payments and back-office workflows being digitized, companies have more data than ever before with which to work. For some finance professionals, it may seem an overwhelming task to make sense of financial data to understand where a company has been, where it is today and where it could be tomorrow.

Forecasting 78

Forecasting Economics Cash Flow Forecasting Accounts Payable 78

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