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Transforming accounts payable operations through AI

Future CFO

Systems powered by artificial intelligence are without a doubt revolutionising invoice processing in finance departments. There are nine ways AI-powered systems can transform invoice processing in Accounts Payable (AP) departments. This ensures that invoices move through the approval chain efficiently and minimises bottlenecks.

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Invoiced Adds Recurring Billing Support To AR Platform

PYMNTS

Accounts receivable automation firm Invoiced is adding new features to its solution, including support for recurring payments and enhanced cash flow forecasting for CFOs. ” Last year, Invoiced announced a collaboration with GoCardless, which allows business users to accept direct debit payments in the U.K.

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QuickBooks Deepens PayPal Integration For SMB Payments

PYMNTS

The improvements will be in the fields of cash flow forecasting, payments, late payments, administration and payroll compliance. QuickBooks ’ new cash flow forecasting feature, the company said, will lend business owners 30- and 90-day forecasts for cash flow, using data held within their accounts.

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Finance vs. Accounting

CFO Simplified

Cash flow forecasting. In publicly traded companies, the CFO is also responsible for the company’s compliance with Securities and Exchange Commission (SEC) rules and regulations. Accounting focuses on the day-to-day flow of money in and out of a business. . Accounting teams are responsible for: Invoicing.

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How Data Guides A New Era For The ERP

PYMNTS

Similar challenges have emerged in the traditional ERP’s ability to meet modern financial planning, cash flow forecasting, and risk analytics needs, he added. For example, he pointed to multinational corporates’ need for tax provisioning and transfer pricing solutions to promote efficiency and compliance across borders.

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How Bookkeeping Capitalizes On Young, Digital-First SMBs

PYMNTS

Yet, the burden of financial management, from tedious data entry to compliance challenges, is a nonnegotiable part of starting a small business (SMB). ” One of the biggest barriers to accessing that data is businesses’ continued reliance on paper, from physical invoices to checks. ” A New Generation Of SMB.

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#182 – 2022 Outlook Series: Payment Predictions (TIS)

Strategic Treasurer

As well as, you know, cash flow forecasting tools that are specialized really in the space or even I think, you know, data lakes, in house DI solutions will be big topics in 2022 as well. Your first one, the cash visibility, bank APIs, system APIs, that seemed to be the first one. Craig Jeffery 4:50 .