PYMNTS

JUNE 17, 2020

To provide small companies with accounts payable (AP) automation, Medius is bringing its MediusGo invoice automation product to the American market. to get better in terms of accounts payable automated, citing research made before the entry of MediusGo in the U.S.

Invoicing

CFO Simplified

JUNE 23, 2022

Reconciles the bank accounts. Codes and processes Accounts Payable invoices. Issues Accounts Payable checks. Evaluation of manufacturing costs to identify opportunities for cost savings or abnormalities. Here’s a list of ten tactical things that a controller does: Maintains the company’s bank balance.

CFO

PYMNTS

OCTOBER 5, 2020

Against that backdrop, companies are re-evaluating and redesigning their entire supply chains, cost management life cycles and other processes across all industries from healthcare to manufacturing. Comdata, she said, has mimicked the flow from claims to invoice to payment to reconciliation.

B2B

PYMNTS

DECEMBER 20, 2020

Snap Accounts Payable (SnapAP) has completed the first stage of a new funding round with help from a group of Israel-based angel investors, a press release says. The intent of the round is to help SnapAP on the first stage of its planned $2 million seed stage round.

Accounts Payable

PYMNTS

SEPTEMBER 24, 2020

Accounts payable (AP) teams are now taking a fresh look at the potential of tools such as virtual cards to ease their transaction frictions. The digital methods suit remote purchasing environments and offer security features that can make it difficult for fraudsters to use stolen card details. Find the full story in the Report.

Accounts Payable

PYMNTS

DECEMBER 10, 2018

The first domino in the set is the purchase order, and unless that PO is correct, everything else, including invoice and payment, can quickly fall into disarray. This is especially true for the manufacturing space, on which direct-spend procurement company SourceDay focuses. “The supplier needs visibility into that.”

Manufacturing

PYMNTS

JANUARY 30, 2019

In manufacturing plants, call centers and many other workplaces, automation is the standard. However, when it comes to corporate accounting departments, automation is still the exception. Will they be able to capitalize on it by investing in accounts payable automation going forward? It is not from lack of interest.

Accounts Payable

Fpanda Club

MARCH 14, 2021

Lean is usually associated with manufacturing and supply chain, but it can be applied to any field including finance. The Lean Enterprise Institute Inc. defines lean as creating more value for customers while minimizing waste which means using fewer resources. This type of waste is mostly related to human actions and interventions.

Finance

PYMNTS

DECEMBER 15, 2017

Complex on so many levels, especially when it comes to payments and, more specifically, invoicing, where demands for payment are tracked through paper and electronic means. Flywire’s background in the healthcare and education space, along with its existing invoicing system, helped assist these businesses in new ways.

Invoicing

Future CFO

JULY 27, 2021

Headquartered in Prerov in the Czech Republic and operating manufacturing facilities in the Czech Republic and the United States, Meopta has a rich tradition of developing, manufacturing and assembling world-class optical, optomechanical and optoelectronic products.

Accounts Payable

CFO Simplified

AUGUST 18, 2022

The cash gap, also known as the “Cash Conversion Cycle” (CCC), measures the time between when you need to write a check for your payables or payroll and when you receive payment of the invoices for the items you’ve sold. The formula for calculating the cash gap is: Days’ Inventory + Days’ Receivables – Days’ Payables = Cash Gap.

Accounts Payable

PYMNTS

JANUARY 24, 2020

Getting a handle on cash flowing in through accounts receivable (AR), and money flowing out through payroll and accounts payable (AP), is no easy task for resource-strapped SMBs – but in the auto collision market, cash flow complexities can be more extreme than the average mom-and-pop shop.

Accounts Payable

PYMNTS

OCTOBER 23, 2019

In the manufactured housing industry, consumer buying habits are actually a major pain point for buyers, which include property managers and maintenance professionals, according to Purchasing Platform CEO Dave Bowen. “A The platform then submits purchase orders to the appropriate suppliers, which are then able to invoice Purchasing Platform.

Manufacturing

PYMNTS

JANUARY 8, 2021

Among other topics extensively reported, PYMNTS' latest Global B2B Payments Playbook , done in collaboration with Worldpay B2B Payments , zeroes in on international B2B payments friction, and how digital invoicing and payments are making it easier for B2B funds to cross borders.

B2B

CFO Simplified

SEPTEMBER 16, 2022

Utility companies for electricity, water, and natural gas used in the manufacturing process. The checks were prepared by the trusted Accounting Clerk, who has been with the company for over 20 years and is the sister of the owner’s next-door neighbor. Paying the suppliers’ invoices. An office furniture supplier, and.

Accounts Payable

PYMNTS

DECEMBER 16, 2019

For large corporates working with hundreds, sometimes thousands of manufacturers, the procure-to-pay processes is a long, drawn-out one, with plenty of room for data bottlenecks, errors and late payments. Often, said Kieley, that manual process leads to errors that can slow down the process through which companies pay their invoices.

Invoicing

PYMNTS

DECEMBER 22, 2016

Take B2B trade, for instance: A company’s automated invoice and purchase order management technology can’t do much if the error that was placed within the system is erroneous, as personnel must then step into the business process and solve that data error manually. “You Halverson identified some of the ways data errors can occur.

Accounts Payable

CFO Simplified

JULY 24, 2022

For those who are a part of an accounting team, whether you’re looking at bank records, invoices, receipts for merchandise, the list goes on, all of this information is in the cloud. These file cabinets were necessary to maintain all of the physical records a company needed to function. Long gone are these days, however.

Accounting

PYMNTS

DECEMBER 24, 2020

Companies must smoothly manage everything from initial orders and invoicing to product delivery and the notification of payment receipts to complete it, making it a long and cumbersome procedure with a great deal of room for error. The order-to-cash (O2C) process is inherently complex.

B2B

PYMNTS

JULY 16, 2020

Traditionally, eCommerce-as-a-Service solutions that target B2B vendors and manufacturers must be retrofitted to integrate with back-office functions like the enterprise resource planning (ERP) system. Back-To-Front. Driving Digitization. .”

B2B

PYMNTS

FEBRUARY 19, 2018

You could call accounts payable (AP) the last mile of payments in a way. In transforming the payables process, the executive said, “it goes beyond just the payments themselves. The other driver, he said, “is the ability to turn the accounts payable function into a revenue source.”

Auditing

CFO Simplified

APRIL 15, 2022

For manufacturers, retailers, or wholesale distributors, inventory is likely the largest item on their balance sheet. Business – Dress Manufacturer. The company also started a sportswear line, but that didn’t sell due to a significant manufacturing error in incorrectly sizing the items. Bringing Value Through CFO Insights.

Profit and Loss

CFO Simplified

DECEMBER 26, 2021

The purpose of this checklist is to create structure around when to grow, what roles are essential at what business sizes, and how to benchmark your accounting department against industry standards. I [Larry Chester] once met a business owner who told me he had a small manufacturing plant outside Cincinnati. Company Size.

Finance

PYMNTS

SEPTEMBER 12, 2019

There’s also the age-old, seemingly inevitable push and pull of managing accounts receivable and accounts payables. firms are owed in accounts receivable on any given day. The key is standardizing payments, money flows and invoicing. Buyers want to hold onto their cash and defer payment as long as possible.

B2B

PYMNTS

NOVEMBER 15, 2019

Traditionally, the cost and administrative burden of card acceptance has kept the tool from gaining traction in accounts payable. . “Now, it’s a completely different mindset as to how they can use the card payment rails.” ” Recognizing Commercial Card Advantages. Bending the Card Rails.

B2B

CFO Share

SEPTEMBER 27, 2022

Companies with large, complex accounting can support teams of 5+ accountants under a finance manager at significant expense savings vs. outsourced services. Customer invoicing – in-house. Customer invoicing is generally best performed by in-house staff familiar with contract terms, sales processes, and client relationships.

Accounting

PYMNTS

MAY 5, 2016

Cash management in the accounts payable department goes far beyond paying supplier invoices on time. Combining AP solutions, he added, involves understanding what corporate buyers’ suppliers and manufacturers need, too. The needs by suppliers can vary greatly,” said Thompson. “The

Accounts Payable

CFO Thought Leader

AUGUST 5, 2024

Initially rooted in manufacturing, Lean focuses on continuous improvement and eliminating waste. For instance, 80% of accounts payable invoices with purchase orders became processed without human intervention, allowing his team to focus on exceptions and strategic tasks.

CFO

PYMNTS

AUGUST 20, 2018

Of the businesses surveyed, 63 percent stated that they had to deal with late payments for invoices stretching back to June 2018. A minority — in this case 30 percent — could confirm that their invoices had been paid on time. All in all, 20 percent of firms said they had seen non-payment for 20 percent of invoices.

Invoicing

PYMNTS

OCTOBER 18, 2019

million fundraise for Finland’s Enterpay will help the accounts payable solution provider strengthen its position in the European B2B eCommerce market. Designed for the manufactured house industry, Purchasing Platform ‘s technology combines spend management and eProcurement. Purchasing Platform. reports.

B2B

CFO Talks

DECEMBER 26, 2021

South African-born Daniel Raubenheimer is a passionate MBA graduate with cross-functional experience in tech, FMCG and manufacturing, he’s now CFO at Silon in Atlanta, USA, a leading producer of technical compounds and polyester staple fibres. Before moving here, I worked for our company as a controller.

Manufacturing

PYMNTS

MAY 25, 2018

He continued, “When it comes to payment, almost every B2B customer expects to get an invoice that implies some type of credit terms. Announced earlier this month, the tool is first targeting the manufacturing, transportation, retail and eCommerce sectors – and, more broadly, B2B eCommerce.

B2B

CFO Talks

MARCH 19, 2024

This list should encompass both quick wins, such as automating invoice processing to improve cash flow management, and long-term objectives, like integrating AI-driven analytics for more accurate financial forecasting and strategic planning.

CFO