PYMNTS

JUNE 8, 2020

Other FIs are offering open banking out of necessity, with governments and regional lawmakers requiring its adoption and that consenting customers’ financial data is made available to third-party payment service providers.

Banking 60

Banking Accounts Payable Securities Accounting 60

Creative CFP

AUGUST 11, 2020

Essentially, the investor wants to assess your business’s financial risk profile. This is a combination of business and financial data about your company that helps the investor decide whether or not to invest. Sales growth is a measurement of the rate of change in sales from one comparable accounting period to the next.

Investments 52

Investments Accounts Payable Benchmarking Cash Flow Forecasting 52

PYMNTS

JANUARY 14, 2020

One of the factors behind this may be financial leaders’ rising expectations for how payment systems should operate. In this sense, RTP may be seen as an integral part of wider efforts to streamline treasury and accounts payable operations, as well as shed the inefficiencies of manual and paper-based processes. percent in 2018.

Accounts Payable 53

Accounts Payable Reconciliations Construction Treasury 53

PYMNTS

APRIL 12, 2016

The virtual card has gained attention in recent years for its ability to not only digitize corporate payments but to safeguard them, often coming in the form of a one-time-use card number designated for a specific purchase category and value. Speaking of the AP professional, that’s the third benefit: streamlined accounts payable processes.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

JANUARY 29, 2020

To be competitive in the P2P space today, especially at the mid- to high-end of the market, the investment would be millions of dollars and a number of years of development,” he said. “By Banks’ factoring and trade finance offering, for example, can improve origination and underwriting processes by analyzing clients’ P2P data.

Banking 52

Banking Accounts Payable Vendor Management Reconciliations 52

Future CFO

AUGUST 3, 2021

Financial teams have always had a unique vantage point: the financial data they deep dive into allows them to understand their organization's financial options and health. It is one reason why hunting for financial data is a lifelong job for many financial professional teams.

Finance 52

Finance Forecasting Financial Modeling Accounts Payable 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.

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. In a manual world, managing the order-to-cash process across these business processes can be a mess.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

Future CFO

JUNE 13, 2022

Editor’s note: Finance executives could no longer succeed by focusing simply on numbers. I was fortunate to get a flavour of the accounts payables, costing and budgeting functions. A major piece of advice from her is to stop focusing on one area of business and be open to cross-functional experiences.

Healthcare 52

Healthcare CFO Leadership Finance 52

The Charity CFO

FEBRUARY 25, 2022

You don’t record any financial data in the Chart of Accounts itself; it’s like an organizational map of your accounting structure. In a nonprofit’s Chart of Accounts, each account is identified in four ways: number, name, category type, and a short description. Account Description.

Nonprofit 98

Nonprofit Accounting Accounts Payable GAAP 98

Planful

JANUARY 11, 2022

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.

Financial Planning and Analysis (FP&A) 40

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

PYMNTS

JANUARY 18, 2021

"Finance is generally the number-one friction point in all organizations," said Alex Wheldon , co-founder of Rho Technologies , which offers business banking services via a collaboration with Evolve Bank and Trust. Marrying AP With Banking.

Accounts Payable 66

Accounts Payable Banking Invoicing Corporate Finance 66

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

Centage

SEPTEMBER 6, 2022

Lack of Security Features Excel may be an easier target for hackers due to inadequate encryption features for protecting your sensitive business information, such as identifiable details and confidential financial data. Even with password protection, your critical information is still vulnerable.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

Centage

SEPTEMBER 6, 2022

Excel may be an easier target for hackers due to inadequate encryption features for protecting your sensitive business information, such as identifiable details and confidential financial data. Bank reconciliation: Because employees can quickly modify or change numbers, you may run into false reconciliations.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

PYMNTS

MARCH 19, 2020

Migrating the accounting function to the cloud can offer a slew of benefits for small businesses, thanks to the flexibility of software to operate across platforms. He noted that more small businesses will continue to embrace the cloud migration of accounting.

Accounting 62

Accounting Invoicing Accounts Payable Financial Data 62

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

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. As the industry grows, access to small business financial data is a critical component of risk mitigation and underwriting practices.

Finance 40

Finance Accounts Payable Invoicing Reconciliations 40

PYMNTS

SEPTEMBER 12, 2018

But they can also be extremely expensive, charging high interest rates that may lead to default and can ultimately prove even more detrimental than helpful to the financial health of the SMB.

Finance 40

Finance Accounts Payable Invoicing Reconciliations 40

PYMNTS

JANUARY 26, 2018

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data.

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47

PYMNTS

MAY 11, 2017

But that meant business customers had limited visibility when making those payments, he said, forcing accounts payables executives to pay an invoice without all of the necessary data to ensure the invoice was accurate and approved. AvidXchange and Vroozi are only the latest B2B FinTech companies to collaborate.

B2B 42

B2B Cash Flow Forecasting Accounts Payable Invoicing 42

PYMNTS

MAY 24, 2018

A deeper look at this challenge, however, reveals an array of friction related to the management of data stored by those payment platforms, including the inability to access key financial data in an efficient, automated way.

B2B 45

B2B B2C eCommerce Accounts Payable 45

PYMNTS

MAY 31, 2017

With the new funding, Wave will focus on building out its integrated financial service capabilities, deploying technologies like artificial intelligence to make better sense of all the financial data it captures. Wave is attempting to reduce the number of startups that fail because they cannot get a handle of cash flow.

Cash Management 51

Cash Management Invoicing Accounts Payable Financial Data 51