CFO Talks

MARCH 20, 2024

Accounting Responsibilities: Both the CFO and Controller collaborate on overseeing the annual audit, ensuring thoroughness and compliance. The Controller is primarily responsible for the meticulous handling of accounts payable and receivable, including the timely payment of invoices and the collection of monies owed.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

PYMNTS

JULY 10, 2019

Lisa Lansdowne-Higgins, vice president of business deposits and treasury solutions at the Royal Bank of Canada (RBC), recently told PYMNTS that these three disruptors have a significant opportunity to shake up accounts payable processes thanks to the impact they have on data. Open Banking.

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

PYMNTS

SEPTEMBER 3, 2020

This week's look at the convergence of accounts payable (AP) and accounts receivable (AR) explores how optimizing one side can have a positive effect on the other. Analysts Eye AR Automation To Mitigate Risk. Accounts receivable isn't the only way to improve the buyer-supplier relationship in the flow of B2B transactions.

Accounts Payable 78

Accounts Payable SAP B2B Auditing 78

PYMNTS

SEPTEMBER 20, 2018

Research published last year from the International Factoring Association (IFA) pointed to the trucking and freight industry as the market that uses invoice factoring solutions more than any other. Invoices submitted for financing by freight factoring firms account for more than one third of all invoices processed for funding, the IFA said.

Accounting 63

Accounting Invoicing Accounts Payable Transportation 63

CFO Simplified

DECEMBER 12, 2021

What is Accounting? . Accounting focuses on the day-to-day flow of money in and out of a business. . Accounting teams are responsible for: Invoicing. Recording and paying accounts payable invoices. Reconciling accounts. Within accounting teams, there are accounting managers and accountants. .

Accounting 52

Accounting Finance Cash Flow Forecasting CFO 52

Boston Startup CFO

APRIL 3, 2023

In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions. This includes managing invoices, receipts, and payments, as well as reconciling bank statements. A disorganized bookkeeping system causes the rest of the financial accounting hierarchy to be unsound.

Accounting 52

Accounting Accounting Principles GAAP Compliance 52

PYMNTS

DECEMBER 12, 2019

That’s surprising for several reasons, and here’s a good one: nearly 70 percent of accounts payable (AP) professionals say suppliers value payments speed above all. Contrast that with the fact that well over 40 percent of B2B invoices are still paid by paper check.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

SEPTEMBER 27, 2019

Although Everledger’s distributed ledger technology first targeted the diamond supply chain, reports said the company has expanded into other markets, including luxury goods and fine wine, with a focus on traceability, validation and risk management for its business users. Engage:BDR.

B2B 59

B2B Accounts Payable Startups Advertising 59

PYMNTS

JUNE 25, 2020

Optimizing payment channels to pay vendors is one example in which an organization using paper checks may need to consider commercial card and virtual card adoption to not only ensure accounts payable (AP) can continue to operate while working from home, but also to elevate spend strategy by taking advantage of capital float and card program rebate.

Cash Flow Forecasting 60

Cash Flow Forecasting Planning Treasury Forecasting 60

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. The CFO evaluates and implements technological solutions that automate routine tasks, streamline workflows, and reduce errors.

CFO 52

CFO Communication Finance Budgeting 52

PYMNTS

NOVEMBER 3, 2020

The release stated firms have more often been looking for data to validate their own internal counterparty and credit risk assessment. Firms can bolster risk management, loan and debt underwriting, portfolio optimization, supply chain risk management and investment idea generation, the release stated.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

PYMNTS

MAY 7, 2020

Deepening ties between accounts payable (AP) and accounts receivable (AR) departments will be key to ensuring buyers and suppliers remain viable. Dynamic discounting can mean lucrative discounts on the accounts payable side, and faster payments on the accounts receivable side.

Accounts Payable 60

Accounts Payable SAP B2B Currencies 60

PYMNTS

APRIL 21, 2016

A cross-border payments company and an accounts payable solutions provider have joined forces, meshing their tools together to ease friction in global B2B payments. Invoices and purchase orders can be reconciled within a single system, and payments can be sent without wire transfer.

Accounts Payable 40

Accounts Payable Foreign Exchange B2B Invoicing 40