Strategic Treasurer

JANUARY 12, 2022

Perhaps you are putting out a myriad of fires, and the idea of getting out a magnifying glass to manually dig into your bank invoices is less than appealing. Corporate practitioner takeaways will include 1) ways to architect your bank fee management process and 2) benefits of bank fee analysis and benchmarking. This is an online event.

Banking 52

Banking Benchmarking Invoicing Treasury 52

Future CFO

DECEMBER 21, 2023

Are they taking longer to settle invoices or make deliveries? Review the credit terms you extend to customers and suppliers, and benchmark your trade terms against the rest of your industry. Have they asked to renegotiate contracts, to extend (if they are customers) or to shorten (if they are suppliers) payment terms?

Profit and Loss 52

Profit and Loss Concentration Benchmarking Invoicing 52

VCFO

JULY 12, 2022

You may want to invoice more frequently or review and tighten your credit terms. top quarter of profitable companies, operating regions) via financial benchmarking. Financial benchmarking against the best performers in your industry will identify key variances between your KPIs and those of the best performers. Optimize now.

Benchmarking 80

Benchmarking Restructuring Economics Technology 80

CFO News Room

DECEMBER 2, 2022

It’s good for them to talk to someone in the company who isn’t just chasing invoices, but who wants to talk to them and hear how they’re getting on,” Frances explains. . This may not be necessarily what auditors are interested in, but this is really important to us as a business and it’s how we benchmark ourselves against competitors.”.

Technology 130

Technology CFO Benchmarking Auditing 130

CFO Leadership

MARCH 31, 2022

Virtual cards are completely digital and are best for paying invoices. According to the 2022 AFP Payments Cost Benchmark Survey, just 25% of organizations surveyed said they used them. Extended terms are less common, but since these are used to pay invoices, you probably have a PO, negotiated payment terms and cash set aside.

B2B 93

B2B Invoicing Benchmarking Leadership 93

PYMNTS

JANUARY 10, 2020

That’s only a fraction of the cash-flow burden placed on small firms that are also struggling with lengthier Days Sales Outstanding (DSO) for invoices. This presents a significant opportunity for companies like CollBox to step in and provide collections services when invoices go months past due. Preventative Measures.

Invoicing 55

Invoicing Education B2B Benchmarking 55

PYMNTS

JANUARY 15, 2020

The company first introduced payment functionality into its offering in 2018 with the launch of NetworkPay , which enables automatic payment following approval of an invoice. The service supports check, ACH, virtual card and wire payments.

Accounts Payable 52

Accounts Payable Benchmarking Invoicing Leverage 52

PYMNTS

JANUARY 30, 2019

The solution is integrated into Accenture’s existing databases and record-keeping systems, using that data to predict issues like which invoices may be rejected. The technology can, in some cases, automatically correct those invoices to match contract terms if there is a discrepancy, Sampat told the publication.

Benchmarking 46

Benchmarking Invoicing Technology Accounting 46

CFO Simplified

DECEMBER 26, 2021

The purpose of this checklist is to create structure around when to grow, what roles are essential at what business sizes, and how to benchmark your accounting department against industry standards. The controller will set the schedule for how often they invoice, pay bills, or run payroll. Company Size.

Finance 52

Finance General Ledger CFO Auditing 52

PYMNTS

MAY 10, 2017

” The companies cited research from RPMG Research Corporation, whose Electronic AP Benchmark Survey found virtual payments is linked to reduced check fraud, increased payment visibility and lower cost of invoice processing. Paper-based invoice processing, analysts calculated, costs $22 per transaction.

Accounts Payable 43

Accounts Payable Accounting Benchmarking Reconciliations 43

PYMNTS

FEBRUARY 18, 2019

The software is provided by SAP , and allows for the digitization of supplier invoices and payments. The Sydney Morning Herald reported that Minister for Small and Family Business Michaelia Cash said that, under the initiative, companies with turnover of at least $100 million will have to publish how long it takes to pay invoices.

SAP 49

SAP Benchmarking Invoicing Finance 49

PYMNTS

MARCH 13, 2019

Manual, paper-based invoicing systems are objectively worse in every metric when stacked against automated, digital AP systems that leverage straight-through processing. When done wrong, automation can be every bit as time-consuming and costly as manual invoice processing.

Accounts Payable 44

Accounts Payable Accounting Invoicing Benchmarking 44

PYMNTS

SEPTEMBER 7, 2017

When organizations take in and pay out purchase orders and invoices, what does the perfect payment look like? But manually processing invoices can represent around 60 percent of labor costs, noted Webster. Second, what can it do to automate the purchase order and invoice receipt and approval process?

Accounts Payable 56

Accounts Payable Invoicing Benchmarking Leverage 56

The Finance Weekly

MARCH 5, 2024

Chargebee complements these by offering a versatile billing platform that automates invoicing, subscriptions, and revenue recognition.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Leverage Cash Management 52

PYMNTS

JANUARY 15, 2021

The company offers automated accounting solutions, accounts receivable solutions like payment reminders and invoice generation, expense management and other tools for small and medium-sized businesses (SMBs) to manage finances. Sequoia Capital India led the Series A investment, TechCrunch reported. Modern Treasury.

B2B 67

B2B Finance Treasury B2C 67

CFO Talks

MARCH 19, 2024

This list should encompass both quick wins, such as automating invoice processing to improve cash flow management, and long-term objectives, like integrating AI-driven analytics for more accurate financial forecasting and strategic planning. These KPIs serve as benchmarks to measure the organization’s progress toward its goals.

CFO 52

CFO Communication Finance Budgeting 52

PYMNTS

MAY 19, 2017

On top of the risks of invoice and payment fraud when dealing with unfamiliar organizations, businesses risk compliance with local regulations when dealing with new partners internationally. Likewise, companies unfamiliar with P2P best practices risk overpaying for goods and services.

Benchmarking 40

Benchmarking Compliance Invoicing Leverage 40

PYMNTS

APRIL 2, 2018

In terms of control risk, Duvedi said that businesses have an opportunity to consolidate all spending into the “preapproved” category rather than facing the potentially unpleasant surprises of post-approved spend (such as expense reports) and unapproved spend (when an invoice arrives unexpectedly and suppliers must be paid).

Accounts Payable 50

Accounts Payable Invoicing Benchmarking Numbers 50

PYMNTS

JULY 20, 2018

The company has recently launched Kwikxchange , a blockchain-powered platform to facilitate small and medium businesses’ (SMBs) access to supply chain and invoice financing. “Once a clear ROI emerges and benchmarks are set, larger banks will follow,” said Prabhakar.

Finance 40

Finance Banking Invoicing Benchmarking 40

PYMNTS

MARCH 14, 2016

Analysis uncovered a few spots where the buyer-supplier relationship is in jeopardy, from failed contract negotiations, to fake supplier invoices, to procurement officials ready to ditch their suppliers. Last August, the company added, it surpassed another benchmark of providing an average of $1 million a day for small businesses. $30

B2B 40

B2B Invoicing Benchmarking Finance 40

PYMNTS

JANUARY 12, 2017

That is, professional sports organizations can act as corporate role models to other organizations, at least when it comes to their B2B payments practices, said Max Eliscu, CEO of B2B payments and invoicing firm Viewpost. And it demonstrates ways professional sports organizations can act as role models to other corporates.

B2B 44

B2B Invoicing Benchmarking Entertainment 44

E78 Partners

APRIL 26, 2024

TEM benchmarking involves comparing an organization’s technology expenses, processes, and performance against industry standards or similar companies to identify areas for improvement and optimization. Our Strategic Procurement services include carrier service benchmarking and sourcing are at no cost to our clients.

Technology 64

Technology Benchmarking Auditing Leadership 64

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

JUNE 15, 2018

The company offers benchmarking data and other services via its SONAR Software-as-a-Service (SaaS) platform, enabling freight brokers to more accurately price their services, and enable carriers to optimize routing. The investment was led by 8VC, with participation from previous backers, including Fontinalis Partners and Story Ventures.

B2B 40

B2B Startups Finance Investments 40

E78 Partners

MAY 8, 2024

Validation and Reconciliation: Once categorized, the telecom expenses are validated against predefined benchmarks or budget allocations. The difficulty is finding a way to connect internal FTEs, skilled SMEs, and carrier invoice processing methods. Discrepancies or outliers are investigated to ensure accuracy and integrity of the data.

Leverage 52

Leverage Auditing Compliance Invoicing 52

PYMNTS

JULY 8, 2016

falls in line with the rollout in Europe, a benchmark market for post-EMV fraud decline, it differs in the way it was actually implemented in Europe. This overlooks the requirements of freelancers and contractors, a workforce segment that has long relied on outdated invoicing methods, which are often paid off by checks.

Benchmarking 41

Benchmarking Technology Advertising Securities 41

VCFO

MARCH 17, 2023

A benchmark exercise can also provide insight here. Understanding involves ensuring clarity surrounding items like invoicing, discount practices, logistics, and more. — Are you a manufacturer that would benefit from better inventory management, a benchmark against your competitors, or a validation of current processes?

Manufacturing 71

Manufacturing Benchmarking Forecasting Profit and Loss 71

CFO Leadership

MARCH 31, 2022

We saw AP professionals shuttling back and forth from the office to pick up paper invoices and check stock. Invoices and checks could be sitting for many days before they could be processed. 2020 CRF-NACHA Survey on CRF Member Payment Benchmarks. The resulting lack of consistency, visibility and control were in plain view.

Cash Management 52

Cash Management Benchmarking Invoicing Leadership 52

PYMNTS

APRIL 1, 2019

Uber is often seen as a benchmark for technological innovation, particularly when it comes to trends like the gig economy and on-demand services. A supplier-centric approach, on the other hand, means vendors submit invoices for buyer approval to initiate SCF. At the foundation of these changes, he said, is the cloud. Uber-izing SCF.

Finance 73

Finance Accounts Payable Invoicing Benchmarking 73

PYMNTS

SEPTEMBER 26, 2018

Most professionals surveyed agreed accounts payable is either an exceptionally or very valuable function of the enterprise, and most have been able to standardize their AP processes, achieve two- or three-way matching capabilities, and automatically route invoices for approval. less to process a single invoice.

Accounts Payable 64

Accounts Payable Accounting Invoicing B2B 64

PYMNTS

NOVEMBER 3, 2020

Bloomberg customers will now be able to use the news site's terminal to look at Credit Benchmark 's credit risk data, which comes from risk views of the world's largest financial institutions, according to a press release. With APS ClickToPay, companies can have customer invoices paid directly to accounts receivable.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

Future CFO

AUGUST 18, 2023

An example of this will be the issuance of invoices based on billing requests. All it takes is for the requestor to raise a billing request in the self-help portal, and the invoice will be generated by the robot at the backend.

Finance 52

Finance Communication Accounts Payable Invoicing 52

PYMNTS

MARCH 8, 2019

A B2B transaction in an industry like construction, where what triggers a payment isn’t a single, simple invoice. As Mitchell explained, companies in this industry rely on more than a simple purchase order and invoice to initiate a payment. What’s more complicated than a B2B transaction?

Construction 50

Construction B2B Invoicing Benchmarking 50

PYMNTS

AUGUST 24, 2017

This month, the company published its latest analysis, The Financial Leaders’ Benchmarking Report , and the findings were “troubling,” in the words of APEX Analytix. Visibility, benchmarking, and independent review,” the executive said, “as they say, ‘You can’t manage what you don’t measure.’”.

Accounts Payable 40

Accounts Payable Invoicing Benchmarking Auditing 40

PYMNTS

JANUARY 8, 2019

The report, “ Supply Chain Technology Innovation Benchmark Study ,” is labeled a “reality check” by analysts warning that significant portions of companies continue to rely on outdated tools (like Excel) to manage their supply chains.

Benchmarking 64

Benchmarking Technology Invoicing Banking 64

PYMNTS

FEBRUARY 13, 2018

This is largely based on the recognition that a B2B transaction is never one-sided: A payable always lands in accounts receivable, and commercial payments have to include transaction data from invoices, purchase orders and more. “They’re looking for ways to do things that create transparency for them,” Phalen said.

B2B 44

B2B Benchmarking Reconciliations Corporate Finance 44

PYMNTS

DECEMBER 7, 2018

based company offers manufacturers a platform through which they can manage their procurement spend and automate the procurement process, including purchase order and invoice management. The solution also enables buyer-supplier collaboration to streamline operations, the company said.

B2B 70

B2B Startups Benchmarking Manufacturing 70