CFO Talks

MARCH 20, 2024

Think of a Controller as the head of getting day-to-day money matters right, like making sure every penny is accounted for and reports are spot-on. It’s about making plans for the company’s financial future and finding ways to make the business better. Strategize: Spend your energy on planning for growth and improving the business.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. Again, noted Fordyce, this can take many forms — from automating invoice reconciliation to addressing a user’s resource constraints.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

PYMNTS

OCTOBER 5, 2020

In the bid to streamline payments, she said, companies such as Comdata can examine which enterprise resource planning (ERP) systems its client firms are using, “and we pull in existing customers that have those same systems and have embraced FinTech organizations — and they can collaborate in a bid to transform how payments get done.”. “The

Healthcare 130

Healthcare B2B Reconciliations Accounts Payable 130

PYMNTS

DECEMBER 30, 2020

To that end, as Lisa Shields , CEO of FISPAN , told Karen Webster, contextual business banking, with service embedded within enterprise resource planning (ERP) and business banking, is ready to take off. Ideally, they need to change existing ecosystems without giving rise to a major IT project.

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

PYMNTS

MAY 28, 2020

The FinTech enterprise Software-as-a-Service (SaaS) company, which is focused on automating treasury management and order-to-cash processes, said the new technology reinforces its investment and plan to make AR automation an important driver for business expansion, according to an announcement.

Technology 52

Technology Reconciliations Accounts Payable Credit Risk 52

Future CFO

OCTOBER 24, 2021

As a result, only the largest suppliers can access working capital solutions, while trillions of dollars are tied up in accounts receivable each year, the firm pointed out. The post Mastercard announces new supply chain finance offering appeared first on FutureCFO.

Finance 52

Finance Accounts Payable Reconciliations Accounting 52

PYMNTS

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. Across The Next-Generation AP Automation Space. Recent research suggests that businesses, including FinTech firms, racing to stay ahead of digital fraudsters’ schemes have further to go. About The Tracker.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

PYMNTS

SEPTEMBER 17, 2020

This week's roundup of the convergence of accounts payable (AP) and accounts receivable (AR) takes a look at how B2B payments solution providers are considering both buyers and suppliers as a result of the pandemic. Paymerang Eyes The Supplier's Role In AP.

B2B 92

B2B Vendor Management Marketing Accounts Payable 92

PYMNTS

DECEMBER 29, 2020

With the pandemic forcing accounts payable (AP) and accounts receivable (AR) departments to hit the gas on their digitization roadmaps, finance leaders are grappling with an accelerated pace of change that can, at times, be overwhelming. “We Planning For The Future. That’s a very scary notion.”.

B2B 82

B2B Accounts Payable Invoicing Reconciliations 82

CFO Talks

JANUARY 30, 2023

Increased automation of financial processes such as accounts payable, bank reconciliations, financial closes and reporting is freeing up the CFO’s time, enabling them to focus their energies on analysis and storytelling rather than crunching numbers.

Finance 52

Finance CFO Accounts Payable Forecasting 52

PYMNTS

JUNE 11, 2020

While optimizing back-office functions like accounts payable and accounts receivable can support enhanced cash-flow management, B2B partnership collaboration is also critical to supporting the financial health of an organization. ”

B2B 52

B2B Accounts Payable Cash Flow Forecasting Reconciliations 52

PYMNTS

FEBRUARY 7, 2019

Procure-to-pay software company Yooz plans to expand into the U.K., A press release revealed that the company will make its automated accounts payable (AP) solution available to U.K. Yooz currently integrates into an array of accounting and enterprise resource planning (ERP) platforms.

Accounts Payable 49

Accounts Payable Marketing Invoicing Reconciliations 49

PYMNTS

JUNE 9, 2020

With accounts payable (AP) departments no longer able to step into their offices to print, sign and send checks, supplier payments quickly moved to the center of companies’ modernization discussions. But according to Anderson, there are other ways corporates can further mitigate the friction of modernizing accounts payable.

Accounts Payable 53

Accounts Payable Reconciliations CFO Accounting 53

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

NOVEMBER 11, 2020

Back office modernization is in the spotlight like never before, and solutions that streamline accounts payable (AP) and accounts receivable (AR) functions are in high demand. A recent survey found that 74.2

Accounts Payable 87

Accounts Payable Invoicing Treasury Reconciliations 87

PYMNTS

JULY 23, 2020

GEP , which works in procurement and supply chain strategy, has launched its new accounts payable (AP) solution, which will help automate AP services through cloud technology, artificial intelligence (AI) and machine learning (ML), according to a press release.

Accounts Payable 56

Accounts Payable Invoicing Reconciliations B2B 56

PYMNTS

OCTOBER 27, 2016

26) its latest tool, APConnector, as a way to automate and digitize accounts payable, while integrating that process into existing ERP systems. “APConnector removes a primary barrier to virtual card adoption: accounts payable system integration,” explained Bob Kaufman, U.S. The bank announced Wednesday (Oct.

Accounts Payable 62

Accounts Payable Reconciliations Treasury B2B 62

PYMNTS

AUGUST 11, 2020

From a lack of supplier acceptance of electronic payments to outdated infrastructure within accounts payable (AP) departments, the B2B payments ecosystem still has much room for improvement on multiple fronts. “You can’t just take an accounts payable view of things,” said Phalen. ”

B2B 110

B2B Accounts Payable Reconciliations Healthcare 110

PYMNTS

SEPTEMBER 19, 2018

Reports pointed to corporate processes like accounts payable (AP), procurement and reconciliation as key areas that are prime for RPA disruption, particularly as the technology negates the need for businesses to replace their existing systems. UiPath did not specify what it plans to do with the latest funding round.

Valuation 57

Valuation Accounts Payable Reconciliations Startups 57

PYMNTS

DECEMBER 28, 2020

The banks are typically focused on what might be deemed more “traditional” workflows within the accounts payable (AP) department — marked by payment files coming out of enterprise resource planning (ERP) systems, where manual processes and legacy technologies have been hallmarks. Where The Banks Are Focused .

B2B 86

B2B Accounts Payable Treasury Reconciliations 86

PYMNTS

FEBRUARY 5, 2020

In this week’s examination of the latest in commercial card innovation, PYMNTS uncovers how service providers are emphasizing how card technology can ease friction pre- and post-payment, from promoting employee spend compliance to streamlining supplier reconciliation. Pleo Makes a Commercial Card Shift. market, including Tide and Soldo.

Reconciliations 53

Reconciliations Accounts Payable B2B Compliance 53

PYMNTS

DECEMBER 2, 2020

Mark Aquilina , senior vice president of product and strategy at WEX , told PYMNTS that’s partly because digitization of accounts receivable (AR) lags behind that of accounts payable (AP) on the technological front.

B2B 79

B2B Invoicing Accounts Payable Reconciliations 79

PYMNTS

DECEMBER 11, 2019

Yet, as innovators have chip away at friction points, they have recognized the value of incorporating a supplier’s accounts receivable (AR) experience into their solutions. That’s because AR and accounts payable (AP) processes are intrinsically connected. This enables more robust cash application planning.

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

MARCH 3, 2020

The availability of public data on an existing company and its executives makes it extremely easy for fraudsters to impersonate a legitimate business with existing credit history, with the intention of purchasing goods they don’t plan on paying for, and then re-selling those products for profit. The Outsourcing Decision.

Accounting 74

Accounting Invoicing Reconciliations B2B 74

PYMNTS

DECEMBER 31, 2019

Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner. The negative impact that these increasingly outdated methods have on both senders and receivers has mostly been ignored, however. Manual processing challenges.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61

The Finance Weekly

MARCH 13, 2022

Venture Funding Hits High In Finance DataRails , DataRails , the financial planning and analysis (FP&A) platform for Excel users, announced early March 2022 that it has raised $50M in Series B funding. It combines accounts payable automation, software-enabled corporate cards, and employee expense reimbursements.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Investments CFO Accounts Payable 52

PYMNTS

MARCH 16, 2018

“However, in order for accountants to remain relevant in an intensely competitive market, a new paradigm and mindset is needed.”. Zervides recommends accountants embrace collaboration with other professionals to explore and promote value-added services.

Accounting 53

Accounting Accounts Payable Reconciliations Leadership 53

PYMNTS

JANUARY 14, 2020

percent are either currently implementing RTP or plan to do so within the next three years. 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. Indeed, 85.3 percent in 2018.

Accounts Payable 53

Accounts Payable Reconciliations Construction Treasury 53

Spreadym

JUNE 19, 2023

This forecast serves as a baseline for monitoring and planning your cash flow. 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

JANUARY 30, 2020

Virtual cards can improve accounts payable (AP) processes, benefiting both buyers and suppliers by streamlining day-to-day payments, and providing greater control over cash flows. Settlement is instantaneous, though, granting AP departments real-time cash flow data, and improving strategic planning.

B2B 71

B2B Invoicing Accounts Payable Reconciliations 71

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.

B2B 59

B2B eCommerce B2C Accounts Payable 59

PYMNTS

AUGUST 13, 2019

Whether from accounts payable, accounts receivable, internal reconciliation, mergers and acquisitions or other financial processes that occur across borders, corporates often execute thousands-upon-thousands of micro-transactions per day, said Gelis, and often, they’re all hedged manually. said Gelis.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

CFO Simplified

DECEMBER 26, 2021

This involves planning for the future. Understanding product costs, manpower costs, and efficiency, management of inventory, analysis of the use of inventory and cash, cash flow planning, analysis of planning for future equipment or facility purchases are all in-scope for a CFO.

Finance 52

Finance General Ledger CFO Auditing 52

PYMNTS

MARCH 8, 2018

In Australia, a hospitality company is putting blockchain solutions to work on payment reconciliation. The platform is designed to deploy smart contracts to help hotel companies reconcile both accounts receivable (AR) and accounts payable (AP) tasks. Easing Cross-Border Vehicle Leasing. About The Report.

Education 43

Education Accounts Payable Reconciliations B2B 43

Planful

JANUARY 11, 2022

Now is the time for CFOs at organizations of all sizes to lean on AI to plan, budget, and forecast with greater accuracy, speed, and confidence. Without AI, employees are burdened with hours of monotonous tasks like reporting and data reconciliation. What does this all mean? 1 – Let AI do the heavy lifting.

Financial Planning and Analysis (FP&A) 40

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

PYMNTS

DECEMBER 18, 2019

Citi is one of those players, having recently rolled out a string of business payment solutions with a focus on global accounts payable and accounts receivable. Corporate payments aren’t just about sending funds from one business to another, though.

B2C 52

B2C Accounts Payable B2B Accounting 52

PYMNTS

APRIL 10, 2019

Corporates’ biggest procure-to-pay challenges often center around the friction of streamlining data flows and the movement of money, from sourcing and purchase order submission to invoice payment and reconciliation. Yet, as supply chains expand across borders, a new burden has landed on procurement teams’ shoulders: compliance.

Compliance 55

Compliance Invoicing Auditing Accounts Payable 55