Future CFO

FEBRUARY 15, 2021

Mastercard said recently that it has partnered with SAP Concur to deliver an expense and invoice management process to banks, companies and government agencies in Asia Pacific for transactions with corporate cards.

SAP 40

SAP Invoicing Reconciliations Compliance 40

PYMNTS

JULY 7, 2020

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.

Banking 96

Banking Accounts Payable Treasury Finance 96

PYMNTS

AUGUST 28, 2019

Accounts payable automation company AvidXchange is strengthening its position in the banking and financial services sector through the acquisition of BankTEL, the company said Tuesday (Aug. AvidXchange has reached an agreement to acquire BankTEL Systems, which provides accounting technology to banks.

Accounts Payable 59

Accounts Payable Banking Invoicing SAP 59

PYMNTS

MAY 16, 2018

May marks the debut of new compliance efforts – key among them, of course, GDPR (which covers Europe but touches these shores), and as of last week, new customer due diligence mandates. . That opacity is heightened by open banking and cryptocurrencies. The remaining 200,000 euros had been siphoned from an account in Ireland.

Invoicing 40

Invoicing Compliance Benchmarking Auditing 40

PYMNTS

JUNE 15, 2020

For Aion Bank , based in Belgium, that means understanding the global operations of SMBs, as well as their local challenges as a company in Belgium and the broader European Union. There are unique challenges for SMBs operating in Belgium and the broader EU that banking solution providers should consider, said Czuba.

Banking 98

Banking B2B Invoicing Compliance 98

Future CFO

AUGUST 1, 2023

The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific. 49% of mid-size enterprises plan to automate billing and invoicing processes via cloud applications in the next 18 months.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

The Charity CFO

FEBRUARY 4, 2022

Record and classify payments and bank transfers . Create invoices for goods, services, and donations. Enter bills and vendor invoices. Prepare bank reconciliations. Let’s take a deeper look at the four key bookkeeping tasks: payroll, invoicing, expense allocation, and recording business transactions. . Invoicing .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

PYMNTS

SEPTEMBER 20, 2016

In the latest installment of Flywire ’s podcast series on Global Citizens and the top characteristics of x-border payment processors , we take a look at the compliance, rules and regulation side of getting high-ticket international payments from Point A to Point B.

Compliance 71

Compliance Education Auditing Securities 71

PYMNTS

JUNE 7, 2018

Most business still looked to banks, despite the fact that in the wake of the financial crisis and subsequent credit crunch, lending from banks more or less ground to a halt where SMBs were concerned. BlueVine’s only other product, invoice factoring, targets much larger businesses. Fun with Factoring and the Future.

Invoicing 49

Invoicing Data Analysis Credit Risk Risk Management 49

PYMNTS

SEPTEMBER 9, 2019

Software-as-a-Service FinTech HighRadius is collaborating with bank reference automation firm Confirmation to broaden the functionality of HighRadius’ Online Credit Application solution. The companies noted that the data integrations will accelerate collections times and drive recoveries of unpaid invoices.

Banking 43

Banking Invoicing Compliance Accounting 43

PYMNTS

JANUARY 6, 2021

ReadSoft Online, the release stated, is Kofax's Software-as-a-Service (SaaS) tool for invoice data extraction and automating accounts payable (AP) services. The two companies combined will offer a new service for AP departments to help reduce invoice processing time by as much as 80 percent, the release stated.

Accounts Payable 73

Accounts Payable Invoicing Compliance Finance 73

PYMNTS

SEPTEMBER 27, 2019

HSBC is continuing its open banking strategy with the deployment of a new application programming interface (API) designed to promote bank collaboration to facilitate trade finance. As reports explained, the bank guarantee ensures that a B2B supplier is paid on an invoice even if their customer does not pay.

Finance 48

Finance Banking B2B Invoicing 48

The Charity CFO

MARCH 27, 2024

Specifically, nonprofit leaders should consider these factors when looking for software: Requirements for fund accounting Staying in compliance with reporting and filing Fund Accounting Requirements Fund accounting is an accounting system used by nonprofits that focuses on transparency and accountability rather than profits.

Nonprofit 40

Nonprofit Accounts Payable Compliance Invoicing 40

PYMNTS

JUNE 6, 2018

Most business still looked to banks – despite the fact that in the wake of the Financial Crisis and subsequent credit crunch lending from banks more or less ground to a halt where SMBs were concerned. Blue Vine’s only other product, invoice factoring, touch businesses much larger.

Invoicing 40

Invoicing Data Analysis Credit Risk Risk Management 40

PYMNTS

DECEMBER 11, 2020

Backers placed the spotlight on everything from B2B eCommerce, to supply chain optimization, to Banking-as-a-Service, but human resources and payroll landed in the top spot in this week's VC roundup. The company supports the full purchasing cycle with invoice integration and compliance auditing capabilities. Modularbank.

B2B 77

B2B eCommerce Banking Healthcare 77

CFO Share

AUGUST 22, 2023

For businesses with revenues ranging from $2 million to $10 million, upgrading from an admin to a part-time bookkeeper can be a pivotal decision that transforms financial processes, optimizes regulatory compliance, and fuels business growth. Manually invoicing over 200 customers per month. Over $20M in revenue.

Invoicing 40

Invoicing Compliance Accounting Sales 40

PYMNTS

FEBRUARY 18, 2020

India’s HDFC Bank has teamed up with Mastercard and SAP Concur to manage corporate travel and expense management, according to a report by The Economic Times. The bank will offer a corporate credit card for travelers that provides solutions for expense management and payments while users are on business trips.

SAP 60

SAP Invoicing Compliance Budgeting 60

Future CFO

JANUARY 22, 2024

Modern accounting software integrates seamlessly with diverse financial systems, automating tasks such as data entry, bank reconciliation, and invoice processing. The days of manual data entry into ledgers and journals, a process prone to human error, are long gone. The post The evolution of accounting appeared first on FutureCFO.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

Future CFO

OCTOBER 21, 2021

Accounts payable, transaction processing, and bank statement processing are the top three priorities in terms of business workflow automation , according to a global survey of 800 executives by Kofax. When it comes to business workflow automation, which ones do enterprise executives think are the most important and deliver the greatest value?

Accounts Payable 59

Accounts Payable Data Analysis Invoicing Compliance 59

PYMNTS

SEPTEMBER 23, 2019

While FinTechs are offering a greater variety of solutions to business users than ever before, corporate finance chiefs and treasurers still turn to their banks first to improve their B2B payments strategies. Banks’ ability to be empowered through data can occur in other ways beyond API integrations, though.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

DECEMBER 23, 2019

” As a regulatory initiative aimed at combatting financial crime, KYC requirements are growing ever-more complex, leading corporates and their banks to demand new technologies and services that can address their compliance challenges. .” About $2 million in fraudulent invoices were reportedly sent to the U.S.

Invoicing 52

Invoicing Compliance Securities Banking 52

PYMNTS

JUNE 14, 2019

Banks’ risk appetite has lowered, while regulations, some financial institutions argue, have forced financiers to reallocate resources to compliance and risk mitigation efforts, draining the trade finance pot. Propelling this strategy is open banking and an API ecosystem , according to Wahrmann.

Finance 40

Finance Banking Invoicing Corporate Finance 40

PYMNTS

DECEMBER 3, 2020

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. That lets banks and other financial institutions cut down on times for processing, boost compliance and bolster productivity.

Accounts Payable 69

Accounts Payable Accounting Invoicing Compliance 69

PYMNTS

DECEMBER 16, 2020

“The supply side businesses benefit from timely payments of invoices which would significantly help to improve their cash-flows and to get access to innovative features, including a dashboard for analytical reporting, which help in seamless payment reconciliation.”. Suppliers will have improved cash flows.

Reconciliations 92

Reconciliations B2B Invoicing Compliance 92

PYMNTS

MAY 6, 2020

The new additions will incorporate the influence of Sage’s new acquisitions AutoEntry and CakeHR, and will add recurring invoices, bank rules and more industry coverage with CIS compliance capability. AutoEntry has been embedded into the Sage Accounting feature to do away with time-consuming processes that can result in errors.

Accounting 56

Accounting Invoicing Compliance Currencies 56

PYMNTS

SEPTEMBER 6, 2019

landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. Challenger bank Yelo, operating in India, raised an undisclosed sum from Matrix Partners India, Omidyar Network, Flourish VC and Better Capital, Inc 42 reports said this week.

B2B 62

B2B Invoicing Accounts Payable Startups 62

PYMNTS

FEBRUARY 5, 2020

As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy. might take an Excel file out of a performance measurement system and upload the file to its bank. Typically, McGuire stated, a firm operating only in the U.S.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

DECEMBER 7, 2020

Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. Pioneer Bank Sues For Lost $34 Million In ValueWise Scandal. Revolut Launches Acquiring Solution For Business Customers. Revolut , which is valued at $5.5

B2B 63

B2B Finance Practice Management Invoicing 63

PYMNTS

MARCH 8, 2020

The improvements will be in the fields of cash flow forecasting, payments, late payments, administration and payroll compliance. In terms of payments, QuickBooks has added new efficiencies to make it easier for users to integrate the services with PayPal to receive debit or credit card payments for invoices. Working with U.K.

Cash Flow Forecasting 73

Cash Flow Forecasting Forecasting Invoicing Compliance 73

E78 Partners

SEPTEMBER 21, 2023

Implement Robust Documentation Procedures Maintaining organized records is paramount for any organization, necessitating a systematic approach to filing and ensuring easy access to crucial documents like financial statements, general ledgers, bank statements, and invoices.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

PYMNTS

FEBRUARY 19, 2020

As Shultz emphasized, collaboration – between corporates, banks, FinTechs and the broader payments ecosystem – will be essential to lifting those barriers. ” Banks’ Collaborative Opportunity. “Corporates trust their banks in this space,” said Shultz. Tackling Barriers, Both Real and Perceived. ”

Accounts Payable 114

Accounts Payable Invoicing Reconciliations B2B 114

CFO News Room

NOVEMBER 2, 2022

Chris Stanley is the Founding Principal of Beach Street Legal LLC, a law practice and compliance consultancy whose sole purpose is to help entrepreneurial investment advisers and financial planners succeed. Compliance policies and procedures manual. Author: Chris Stanley. Guest Contributor. Net capital worksheet. Surety bond.

Compliance 130

Compliance GAAP Investments Advertising 130

PYMNTS

MAY 17, 2017

While they may be instrumental in helping companies manage cash when their employees travel for work, commercial cards aren’t the top payment rail of choice for suppliers, so companies often pay invoices another way. According to PayTech, there are also benchmark points against which banks can compare their performances.

Banking 43

Banking B2B Benchmarking Compliance 43

PYMNTS

JULY 23, 2020

The goal is to provide a better user experience for invoicing and a reduced risk of fraud. GEP SMART is the cloud-processing program that helps go through millions of invoices per year, and by setting it aside, it could become the first step for many companies to digitize their processes — a popular move to make amid the new pandemic economy.

Accounts Payable 56

Accounts Payable Invoicing Reconciliations B2B 56

Boston Startup CFO

APRIL 3, 2023

This includes managing invoices, receipts, and payments, as well as reconciling bank statements. Additionally, you open yourself up to compliance and audit issues, and you’ll potentially decrease your chances of securing funding and financing.

Accounting 52

Accounting Accounting Principles GAAP Compliance 52

PYMNTS

JUNE 30, 2020

People have had to find other alternatives for sending money back home or for their businesses to pay [paper] invoices abroad,” he noted. “A As cross-border transactions move toward digital conduits, it becomes easier for platforms such as Nium and its bank and financial institution (FI) clients to scale rapidly.

Invoicing 101

Invoicing Compliance Banking Technology 101

Future CFO

DECEMBER 11, 2023

In the US, the US Federal Reserve is set to introduce to the local market FedNow – an instant payment solution that will enable customers of participating banks and credit unions to instantly send and receive money transfers outside of traditional banking hours. The payment landscape is no exception.

Banking 98

Banking Finance CFO Leverage 98