PYMNTS

JULY 28, 2020

Although the enterprise continues to accelerate its digitization efforts, chief financial officers keep hitting roadblocks when it comes to modernizing workflows regarding accounts payable (AP) and embracing electronic payments. Monetizing The Virtual Card.

B2B

PYMNTS

JANUARY 22, 2021

In the accounts receivable (AR) function, Franco noted that Nurx implemented lockboxes in order to centralize the receipt of paper checks from insurance companies. But on the accounts payable (AP) side, the company also saw the opportunity to shift from checks to digital payment methods to pay vendors.

Healthcare

PYMNTS

JANUARY 13, 2021

To get a sense of the inefficiencies inherent in traditional collections activities, Shields said that collections departments would typically “call all their customers in the portfolio, usually only looking at the past-due amounts, which helps them prioritize and figure out who they should be calling first.”.

Accounting

The Charity CFO

OCTOBER 9, 2024

Instead, accounting software prioritizes accuracy, standardization, and regulatory compliance. Soft credits also need manual reconciliation to ensure that they are accurately reflected in donor records without affecting accounting entries. Create a monthly reconciliation process between both databases.

Accounting

PYMNTS

FEBRUARY 15, 2019

Fewer organizations are prioritizing simply finding cheaper deals on goods and services, signaling the industry’s ongoing shift toward turning procurement into a revenue driver — rather than simply a way to cut costs and paper. Solve for that hurdle, and the education space has a chance to do far more than simply cut costs.

Education

The Charity CFO

MARCH 2, 2022

You could also determine that by looking at their accounts payable, like, why aren’t we paying bills? And then there’s also cases where things were put into the accounting system that never actually had the bank go and there could be duplicates and there could be omissions and there could be all sorts of things.

Nonprofit

Future CFO

AUGUST 3, 2021

Companies needed to prioritize the forecast components, to figure out what was more volatile. We deployed robotic process automation for the accounts payable. For example, the company is now looking to automate AR and accounts reconciliation. “We

Finance

Spreadym

JUNE 19, 2023

Categorize and prioritize your expenses to identify essential versus discretionary spending. Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. It offers features such as cash flow forecasting, bank reconciliation, and expense tracking.

Cash Flow Forecasting

Planful

JANUARY 11, 2022

When the COVID-19 pandemic hit two years later, it forced businesses to prioritize digital to stay afloat. Without AI, employees are burdened with hours of monotonous tasks like reporting and data reconciliation. This was great for business but led to increasingly long financial reconciliation times.

Financial Planning and Analysis (FP&A)