Spreadym

OCTOBER 13, 2023

Managing Accounts Receivable: Efficiently manage your accounts receivable by invoicing promptly, offering discounts for early payment, and pursuing collections for overdue payments. Managing Accounts Payable: Delay payments to suppliers only when it is advantageous and do not jeopardize supplier relationships.

Cash Flow Forecasting 59

Cash Flow Forecasting Accounts Payable Forecasting Invoicing 59

PYMNTS

APRIL 7, 2020

For Bottomline Technologies , the opportunity emerged with Friday’s launch of the $350 billion Paycheck Protection Program (PPP) under the CARES Act. Prioritizing B2B Payments Digitization. Both categories stand to gain from automated financial technologies. Easing The PPP Loan Burden.

Prioritization 66

Prioritization Accounts Payable B2B Accounting 66

PYMNTS

JANUARY 28, 2021

In recognition of this pain point, the leadership of digital asset technology firm Custody Digital have launched Ledgermatic , a company positioned to enable corporate treasurers and chief financial officers (CFOs) to manage their digital asset workflows alongside traditional fiat operations. But it may not be smooth sailing ahead.

Treasury 84

Treasury Foreign Exchange Accounts Payable Prioritization 84

PYMNTS

FEBRUARY 1, 2021

It’s not that automating invoice generation, banishing checks, automating the cash application process and systematically removing all the manual touches from accounts payable (AP) and accounts receivable (AR) workflows weren’t unknown concepts among chief financial officers (CFOs) and treasury departments at the time.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

PYMNTS

DECEMBER 10, 2020

But for B2B payment solution providers, the need for speed was coupled with another challenge: Technologies had to be built to address new and emerging use cases as payment scenarios were rapidly altered, perhaps permanently. It's essentially a central payment account that CFOs have control of," said Barker.

Securities 106

Securities B2B Accounts Payable Prioritization 106

PYMNTS

SEPTEMBER 29, 2020

As a provider of back-office financial technology, it's vital to speak with chief finance officer (CFO) and finance executive end-users about what they need and which friction points are giving them the most pain. Technology as an enabler is one part, but it's not the only part. Manual Pain Points. AI Steps in to Help.

Cash Flow Forecasting 59

Cash Flow Forecasting Accounts Payable Invoicing Corporate Finance 59

PYMNTS

FEBRUARY 24, 2020

We can imagine ancient traders in marketplaces awaiting payment, calling for “the end of clay” and cheering on disruptive new technologies like papyrus, quills and ink. For B2B companies to achieve long-term growth, investing in the technology that allows them to be more flexible with payment methods is imperative.”.

B2B 73

B2B eCommerce Accounts Payable B2C 73

PYMNTS

MAY 4, 2020

Office closures and remote working mandates have created an uncomfortable wakeup call for accounts payable (AP) and accounts receivable (AR) departments that continue to rely on manual, paper-based processes. Prioritizing Buyer-Supplier Benefits. And there are a lot of them. “That’s not the case.

Invoicing 66

Invoicing Accounts Payable Reconciliations B2B 66

PYMNTS

JUNE 21, 2018

But a company’s interest and efforts to adopt new technologies does not always mean that all B2B payment processes are improved. Automation emerged as the undeniable driver of accounts payable enhancements, cited by 49 percent of survey respondents – even more so than security and cost.

Accounts Payable 44

Accounts Payable B2B Invoicing Prioritization 44

PYMNTS

MARCH 19, 2018

The organization recently announced the results of a new survey that found SMBs across Canada wanted more choice in payment technologies for point-of-sale (POS) systems as well as for the back office in accounts payable. More than half (54 percent) said they felt they were spending too much time on payment processing.

Accounts Payable 40

Accounts Payable Prioritization Currencies Accounting 40

PYMNTS

FEBRUARY 4, 2020

Innovations in accounts payable (AP) and accounts receivable (AR) have introduced new technologies to sit between buyers’ and suppliers’ systems for deeper integrations between business partners and their operations. On the AP side, v-cards can promote efficiency with more businesses embracing AP automation technology.

Accounts Payable 52

Accounts Payable B2B Invoicing Finance 52

PYMNTS

MAY 25, 2016

If you think of the rise of corporate America over the last century, the function of the accounts payable department probably doesn’t come to mind as one of the main players. In an age of disruption, innovation and near-constant change, accounts payable has become a way for businesses to retain control and strategy.

Accounts Payable 46

Accounts Payable Invoicing Prioritization Accounting 46

PYMNTS

JANUARY 29, 2020

These cards’ account numbers correspond with certain vendors, and have predetermined spending limits, enabling accounts payable (AP) professionals to better manage expenses, control cash flow and fight fraud. Bank, which must educate clients and suppliers on the advantages offered by such technology. . However, U.S.

Banking 52

Banking Accounts Payable B2B Prioritization 52

PYMNTS

DECEMBER 26, 2019

The last decade of B2B FinTech innovation not only led to an explosion of product options for businesses to manage a variety of processes, including accounts receivable (AR), accounts payable (AP) and accounting. AP technologies are introducing new capabilities designed for the AR-side of a transaction, and vice versa.

Accounting 53

Accounting B2B Accounts Payable B2C 53

PYMNTS

MARCH 31, 2020

Despite the technological, and often financial, burden of ERPs, they’re considered vital technologies for major corporations in need of a central repository of data to support a range of functions, from procurement to accounting. “But the cloud and technology changed all that.” Driving Collaboration.

Accounts Payable 52

Accounts Payable Prioritization Invoicing Planning 52

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 94

Accounting Invoicing B2B Treasury 94

PYMNTS

JULY 18, 2016

However, when it comes to embracing innovation, some companies are hesitant to put adoption of technology at the top of their to-do lists. ” 5% of small businesses say their accounts payable process is fully automated — a measly number, says business services firm V1.

Accounts Payable 40

Accounts Payable Prioritization Banking Technology 40

Planful

JANUARY 11, 2022

When the COVID-19 pandemic hit two years later, it forced businesses to prioritize digital to stay afloat. To get you started, here are 5 ways you can use AI to transform finance and 5 ways AI can speed your move away from yesterday’s technology for a total of 10 tips you can put to work today. Essential Terms.

Financial Planning and Analysis (FP&A) 40

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

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. This flexibility helps to configure the reporting process considering all peculiarities of business.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

PYMNTS

FEBRUARY 15, 2019

That not only limits spend visibility, explained Anthony Rotoli, CEO of procurement and spend management technology provider ESM Solutions , but can expose higher education organizations like universities to risks, including fraud. Many entities in this space, however, struggle to gain a clear picture of where the money is going.

Education 49

Education Accounts Payable Reconciliations Prioritization 49

PYMNTS

SEPTEMBER 14, 2020

Yet there are some corporate giants actually accelerating their payments to vendors that might otherwise fail: reports cited Lockheed Martin and Micron Technology, for instance, as some of the latest names to accelerate their supplier payments by as much as half their usual payment terms.

B2B 63

B2B Invoicing Prioritization Finance 63

Future CFO

AUGUST 3, 2021

Participants also shared how technologies freed financial professionals to become more effective, the importance of upskilling and sharing experiences, and the changing role of the CFO office within their companies. Companies needed to prioritize the forecast components, to figure out what was more volatile.

Finance 52

Finance Forecasting Financial Modeling Accounts Payable 52

PYMNTS

MAY 31, 2016

The progression of payments technology has enabled businesses and customers to make payments in ways once previously thought unattainable. An accounts payable team can now see their entire processes automated, from invoice management to payment, meaning suppliers get compensated quickly, digitally and regardless of geographical location.

Invoicing 41

Invoicing Accounts Payable B2B Prioritization 41

PYMNTS

JANUARY 20, 2021

As a result, finance teams across the business ecosystem began to prioritize digitization and optimization, and many of them drew the same conclusion: Access to data is imperative to efficient and effective operations. It has to be one platform-integrated experience, combined with an embedded payment solution,” she said.

B2B 125

B2B Prioritization Invoicing Corporate Finance 125

PYMNTS

JUNE 24, 2020

The accounting world was as caught off-guard and unprepared as most other industries when COVID-19 came to town. One fact has clearly surfaced in the interval between pandemic lockdowns and phased reopenings, and it’s this: accounts payable (AP) can’t cut it manually anymore.

Accounting 95

Accounting Accounts Payable Invoicing Prioritization 95

PYMNTS

JANUARY 12, 2021

With employees seeking to use company cash in the same way they make purchases in their personal lives, T&E has experienced rapid consumerization of workflows compared to other areas of B2B payments, like accounts payable (AP). Opportunities for early payment discounts are also encouraging adoption of commercial card technology.

B2B 91

B2B Accounts Payable Reconciliations Prioritization 91

PYMNTS

JANUARY 27, 2021

The ability to view account balances, initiate payments and apply cash within a unified platform can yield major benefits for corporate treasurers, boosting financial visibility through bridging the usually siloed operations of banking, accounting, accounts payable (AP), accounts receivable (AR) and more.

Banking 115

Banking Accounts Payable Treasury Prioritization 115

PYMNTS

JANUARY 15, 2021

Accounts payable (AP) and accounts receivable (AR) personnel could no longer be in the office to handle paper, giving rise to the discussion of migrating away from physical invoices and other documents in favor of digital, automated solutions. This has been around for decades.".

B2B 73

B2B Invoicing Accounts Payable Prioritization 73

The Charity CFO

MARCH 2, 2022

You could also determine that by looking at their accounts payable, like, why aren’t we paying bills? So if you’re seeing, you know, funder, a, their balance is 120 days late, but, you know, fund a pays every single month, like clockwork, that’s a sure sign that things are off accounts payable, same way.

Nonprofit 98

Nonprofit Auditing Reconciliations Accounting 98

The Finance Weekly

JULY 31, 2023

They highlighted how AI technology is transforming the way finance and accounting teams work with data and make decisions. This technology allows professionals to seek real-time insights, consult for expert advice, and access top-notch information in a more efficient manner.

Corporate Finance 52

Corporate Finance Finance Leverage Accounts Payable 52