CFO Share

FEBRUARY 23, 2024

This process involves: Adopting digital invoicing systems to reduce delays. Consistently monitoring outstanding invoices to identify and address late payments proactively. Managing Vendor Payables Strategically Strategic management of accounts payable is another key aspect of optimizing cash flow in small businesses.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Invoicing Prioritization 52

PYMNTS

NOVEMBER 3, 2020

Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Everlink Payment Services is teaming with workflow solutions provider FINTAINIUM to offer B2B and B2C payments in real time, leveraging the ISO 20022 global standard, according to a press release. 2) announcement.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

PYMNTS

JULY 16, 2020

Commercial card innovation continues to make big waves in the accounts payable (AP) department, as corporates and card issuers alike explore new ways to drive business spend on cards beyond business trips or ad-hoc purchases. This wasn’t the only initiative in the B2B payments space that American Express has announced this month.

Accounts Payable 64

Accounts Payable SAP B2B Invoicing 64

PYMNTS

JULY 3, 2019

Accounts receivable departments are often hospitals’ first lines of defense for maximizing days cash on hand, but when cash flow trickles to a drip, the ramifications are felt all the way through to accounts payable. Unfortunately, accounts payable automation in the healthcare sector is far from ubiquitous.

Accounts Payable 46

Accounts Payable Healthcare Invoicing Compliance 46

PYMNTS

NOVEMBER 10, 2020

Businesses of all sizes struggle with capital management, regardless of whether they employ staff or seek out third parties to handle their cash flows, accounts payable (AP) and accounts receivable (AR) processes and other related tasks. This affects companies’ creditworthiness, which is crucial to helping them secure loans.

Accounts Payable 87

Accounts Payable Invoicing Treasury Sales 87

PYMNTS

OCTOBER 10, 2018

The app will leverage Mastercard In Control for Commercial Payments, letting community banks provide a white-labeled accounts payable platform for their corporate customers. Accounts payable departments are essential to the operations of any company,” said Regal Software founder and CEO Kofi Conduah in a statement.

Accounts Payable 53

Accounts Payable Banking Invoicing Leverage 53

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

NOVEMBER 9, 2020

Accounts payable (AP), accounts receivable (AR) and other capital management workflows are also not immune to pandemic-related struggles. One study found that 74 percent of accounting staff reported pain points when manually processing invoice data, for example, with 68 percent citing manual invoice routing as their top concern.

Accounts Payable 52

Accounts Payable Forecasting Invoicing Leverage 52

PYMNTS

DECEMBER 18, 2020

There’s simply no longer the time or bandwidth for manual accounts payable (AP) and accounts receivable (AR). Such modernizations could help financial departments process invoices more quickly and easily.”. Since there’s no way back, the payments industry is now cutting new pathways. The poll of 325 U.S.

Accounts Payable 64

Accounts Payable Invoicing Accounting Treasury 64

PYMNTS

NOVEMBER 18, 2016

Nexus Systems is partnering with a real estate technology company to help the industry adapt to more sophisticated accounts payable and procurement processes. To be dubbed MRI AP Automation, the new solution can automate and digitize the accounts payable process for MRI clients across Canada, South America, EMEA, Asia and New Zealand.

Accounts Payable 65

Accounts Payable Invoicing Compliance Leverage 65

PYMNTS

JUNE 6, 2019

Many accounts payable ( AP ) departments are still burdened with manual, paper-based payment processes, or have implemented payment automation solutions only to find that the benefits weren’t as significant as they’d hoped. Thus, accounts payable management is all too often more art than science.

Accounts Payable 71

Accounts Payable Accounting Treasury B2B 71

PYMNTS

NOVEMBER 19, 2019

Electronic invoicing and source-to-pay company Basware has introduced new features into its Marketplace eProcurement offering, the company said on Tuesday (Nov. ” Basware first integrated B2B payments capabilities into its platform last year to streamline the invoice-to-pay process. .

B2B 40

B2B Invoicing Accounts Payable Leverage 40

The Charity CFO

APRIL 1, 2024

A good technology solution addresses each of your nonprofit accounting concerns. All of your financial data lives securely in the cloud, which also means you can access it from anywhere with a secure connection. QuickBooks is also one of the most well-known accounting platforms and might even be the most widely used.

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

PYMNTS

OCTOBER 13, 2016

12) that it secured $28 million in funding led by Mainsail Partners. ” Nexus offers the NexusPayables solution to automate the accounts payable process for companies starting at the beginning of their procurement activity. . The procure-to-pay solution offered by Nexus Systems has attracted venture capital.

Accounts Payable 62

Accounts Payable Invoicing Compliance Leverage 62

PYMNTS

SEPTEMBER 23, 2019

Corporates have growing expectations for faster, more efficient and more secure B2B payments — whether their money is moving from one business unit to another or one country to another. Payments Speed and Security. As financial institutions gather for this year’s Sibos conference kicking off in London today (Sept.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

MAY 1, 2020

Wise is one of them, and reports said the company has just secured $5.7 Targeting small and medium-sized businesses, Wise offers checking accounts, Visa debit card push payments, bank transfers, check payments, invoicing and a Wise Card reader to help SMBs pay and get paid. million in seed funding led by Base10 Partners.

Banking 66

Banking B2B Accounts Payable eCommerce 66

PYMNTS

JUNE 22, 2020

Enabling employees to work remotely during the COVID-19 pandemic has sent a wake-up call to companies that their old-school accounts payable (AP) practices will not cut it in the new economy. Many banks are therefore partnering with AP-focused FinTechs to quickly meet clients’ new demand, he explained.

Accounts Payable 56

Accounts Payable Invoicing Banking Cash Management 56

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. Looking at Working Capital – and Security. Accounts payable and receivable used to be concrete, separate operations. Looking Ahead .

B2B 97

B2B Accounts Payable Reconciliations Economics 97

PYMNTS

JANUARY 14, 2021

Legacy accounts payable (AP) processes often drain businesses’ budgets, cost employees time and create opportunities for human error. The economic fallout resulting from the pandemic has further pressured SMBs to closely examine their cash flows and ensure they are leveraging any and all savings opportunities.

Accounts Payable 72

Accounts Payable Invoicing Banking Budgeting 72

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 Talks

MARCH 19, 2024

The CFO needs to consider how AI can be leveraged not just for automating routine tasks, but also for providing deeper insights into financial forecasting, risk management, and strategic decision-making. Leveraging Technology for Communication In today’s digital age, leveraging technology to communicate the finance agenda is crucial.

CFO 52

CFO Communication Finance Budgeting 52

The Finance Weekly

JULY 31, 2023

By leveraging AI algorithms and automation, finance professionals can effectively manage complex financial models and optimize investment strategies. The similarity of invoices and processes across various companies allowed providers to develop algorithms that self-trained on invoices, showcasing the power of training in RPA.

Corporate Finance 52

Corporate Finance Finance Leverage Accounts Payable 52

PYMNTS

MARCH 20, 2020

Supplier onboarding guided by automated and dynamic accounts payable (AP) procurement processes can have different results. PYMNTS’ Payables Friction Playbook found that 64 percent of AP leaders believe greater data access and financial intelligence will boost their strategic capabilities and improve their operational insights.

Accounts Payable 52

Accounts Payable Invoicing Leadership Communication 52

PYMNTS

MARCH 20, 2019

News came last week that the Canadian FinTech Central 1 had linked its credit union customers to a single digital platform that combines small business online invoicing solutions with its Request Money tool – a move that focuses on streamlining the accounts receivable process. That was my entire profit margin on the job – wiped out.’”.

Invoicing 55

Invoicing Leverage Accounting Compliance 55

PYMNTS

SEPTEMBER 20, 2018

Everybody wants security as they transact — and security is paramount when sensitive card or account-related data that makes its way between buyers and suppliers, as Yarbrough noted, “is jotted down on a sticky note or stuck in a drawer.” The Friction Points Hindering Adoption. The Supplier Onboarding Conundrum. “We

Accounts Payable 76

Accounts Payable Invoicing Reconciliations B2B 76

PYMNTS

SEPTEMBER 27, 2019

This week, two massive deals landed with B2B payments innovators at Fundbox and Tipalti, but they were far from the only players to have secured new funding. Paro told reporters that it will look to wield the data it now has, and leverage it for freelancers and businesses using its solution. Everledger. Engage:BDR. Reports in L.A.

B2B 59

B2B Accounts Payable Startups Advertising 59

PYMNTS

OCTOBER 17, 2017

While virtual cards provide speed, security and digitization for corporate buyers, v-card acceptance continues to be a significant point of friction for suppliers, the companies said in their announcement, thanks to manual data entry and reconciliation for the accounts receivable team.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

OCTOBER 10, 2017

Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded. Regional Trends. percent CAGR of non-cash transactions overall.

B2B 49

B2B Reconciliations Invoicing Accounts Payable 49

PYMNTS

NOVEMBER 20, 2017

.” Those solutions, Bindra explained then, are designed to connect FIs using a set of tools, including private, enterprise-grade, blockchain-type networks to facilitate global payments and settlement, securely and in real time.

B2B 52

B2B Accounts Payable B2C 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. 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

DECEMBER 30, 2019

With fraud and data security as critical components to the success of Open Banking, Ocrolus+ also collaborates with identification fraud detection solutions provider SentiLink. There are potential applications for the tool in accounts payable automation as well, he said. A Gradual Evolution.

Banking 57

Banking Accounts Payable Invoicing Technology 57

PYMNTS

MARCH 30, 2018

Boston-based PreVeil did not disclose how much it raised in its Series A funding round, but it did note that Spark Capital provided the funding to support the company’s email and file security solution. SpyCloud identifies exposed employee and customer accounts to safeguard them before any malicious activity can occur. Kenna Security.

Startups 46

Startups B2B Mergers and Acquisitions (M&A) Accounts Payable 46