Remove Accounts Payable Remove General Ledger Remove Leverage
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1047: Balancing Risk and Opportunity in a Changing Finance Landscape | John Gronen, CFO, Yooz

CFO Thought Leader

Gronen: Yooz is an AP (accounts payable) automation and payments company. The AP clerk only needs to verify that the invoice is assigned to the correct department and has the correct GL (general ledger) code, eliminating the need for manual data entry. We also reduce human error by leveraging machine learning.

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Grow Your Restaurant Chain With The Right Accounting Solution

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Each location, franchise, or entity can use its own chart of accounts, taxation rules, and financial reporting requirements while also providing the organization with a view of everything. Drill down to entity source transactions, receivables, and payables to get complete details.

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The Key Differences Between a Controller and a CFO in Small Businesses

CFO Share

For small businesses employing a fractional CFO , understanding the core responsibilities of a CFO can help leverage their expertise effectively. Controllers handle the operational side of financial management, ensuring that the day-to-day accounting functions are carried out accurately and efficiently.

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OneStream Launches Automated Account Reconciliation

PYMNTS

Transaction Matching, according to the press release, eliminates extra costs that third-party companies might impose and leverages the existing data for many transactions all at once. The Transaction Matching software goes hand-in-hand with OneStream’s existing Account Reconciliation.

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How Automation Can Remove Vendor Onboarding Frictions

PYMNTS

Handling onboarding with a one-step solution also gives businesses better understandings of their cash flows, allowing them to leverage additional solutions or innovate their in-house processes. Growth can create frictions, too. You bring in new vendors [and] you need to be sure how that vendor [is] expecting to be paid.”.

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ERP and EPM Systems – Better Together

Planful

Accounts payable. Accounts receivable and collections management. General ledger accounting. The data in an ERP system is typically summarized in the general ledger module. Here are some of the key processes supported by an ERP system: Purchasing. Order processing and billing.

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The best software for financial close and overview of the process

Spreadym

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.