Future CFO

MARCH 29, 2021

Prior to 2020, we heard discussions about the importance of automation to the finance function. FutureCFO spoke to Marcus Rex, managing director for Asia-Pacific, xSuite, for his perspective on how finance automation in general, and accounts payable in particularly, can help transform finance into a profit centre.

Accounts Payable 52

Accounts Payable Accounting SAP Invoicing 52

PYMNTS

MAY 31, 2016

Small business owners were likely hoping to see a boost in sales from tourism and the extra weekend day for shopping, but according to analysis from Hitachi Capital Invoice Finance, summer can be a difficult time for small businesses. ” Invoice financing has caught the eye of investors in recent months. .

Invoicing 41

Invoicing Forecasting Finance Cash Management 41

PYMNTS

MARCH 27, 2019

“By streamlining supplier onboarding, tax compliance, invoice processing, global payments and payment reconciliation, Tipalti helps modern finance organizations strategically scale more rapidly and efficiently.”

B2B 46

B2B Accounts Payable Reconciliations Cash Management 46

PYMNTS

JULY 2, 2020

Leavitt , founder and CEO of Boost Payment Solutions , said commercial card programs are now coming to the forefront of AP departments’ priority lists when delaying payments is no longer the most viable, or effective, cash management option. “We’re seeing a lot more of that mentality.” ”

Economics 104

Economics Accounts Payable B2B Reconciliations 104

Future CFO

APRIL 21, 2021

Manual AP invoicing has been outdated and inefficient for years now, so when business across the globe encountered significant disruptions, companies with digital transformation still on their to-do lists felt the impact on their operations far more than those already using automation. Improving supplier management and relations.

Accounts Payable 40

Accounts Payable Accounting Invoicing Finance 40

CFO Simplified

JULY 6, 2023

Call your best customer and ask them if they can pay an invoice or two early. The best approach is to put together a 13 Week Cash Flow Forecast. If you have a line of credit, call your banker for a short term over advance. Take an advance from a credit card — at no interest. How do you keep it from happening again?

Cash Flow Forecasting 52

Cash Flow Forecasting CFO Invoicing Forecasting 52

PYMNTS

NOVEMBER 16, 2018

RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. Below, PYMNTS breaks down the more than $912 million raised by B2B FinTech firms this week.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

DECEMBER 12, 2017

When it comes to wire transfers, meanwhile, separate analysis from the AFP found that 74 percent of companies surveyed said they were hit with a business email compromise scam in 2016, which typically involves scammers requesting payment via wire transfer for a fraudulent invoice. Indeed, the issue of late payments is growing in the U.S.:

Accounting 44

Accounting Cash Flow Forecasting B2B Invoicing 44

PYMNTS

OCTOBER 31, 2019

Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms. the ability to not only receive a check payment, but know what invoice that check is for), is a functionality with which many electronic payment solutions today continue to struggle.

Reconciliations 43

Reconciliations Invoicing B2B Treasury 43

BlueLight

JULY 30, 2020

My motivation was to understand the responsibility of the CFO suite, the process of billing to accounting, and the software tools available to run an effective finance office. I interviewed 50 people that held CFO, finance manager, and financial analyst type roles. The following are select responses from the finance leaders.

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

Future CFO

APRIL 7, 2022

In one FutureCFO workshop of finance leaders, despite two-thirds using some of the most advanced ERP tools in the market, nearly all concede the use of spreadsheets as part of work. Forty-three years on, spreadsheets are still a staple of finance functions for companies big and small. Albert Leong.

Finance 98

Finance SAP Leadership Cash Management 98

CFO Leadership

JANUARY 5, 2024

We heard from numerous finance leaders and experts at SuiteWorld 2023, NetSuite’s annual user conference, and they were brimming with fresh and challenging ideas that can help companies right now. High-impact areas to automate include invoice processing, the financial close, and internal controls. Here’s a sampling.

CFO 97

CFO Invoicing Leadership Cash Management 97

PYMNTS

NOVEMBER 22, 2016

Researchers forecast mobile payments to account for $1 trillion in transactions next year. “Things like digital invoicing, virtual cards and cloud-based finance and accounting will help the bottom line of smaller businesses by enabling them to process and receive payments quickly,” he stated.

B2B 65

B2B B2C Vendor Management Reconciliations 65

CFO Leadership

JANUARY 25, 2024

We heard from numerous finance leaders and experts at SuiteWorld 2023, NetSuite’s annual user conference, and they were brimming with fresh and challenging ideas that can help companies right now. High-impact areas to automate include invoice processing, the financial close, and internal controls. Here’s a sampling.

CFO 52

CFO Invoicing Cash Management Forecasting 52

CFO Leadership

JANUARY 8, 2024

We heard from numerous finance leaders and experts at SuiteWorld 2023, NetSuite’s annual user conference, and they were brimming with fresh and challenging ideas that can help companies right now. High-impact areas to automate include invoice processing, the financial close, and internal controls. Here’s a sampling.

CFO 52

CFO Invoicing Leadership Cash Management 52

PYMNTS

JANUARY 20, 2021

Corporate finance teams were not simply tasked with finding ways to continue operations in a remote work environment as a result of the coronavirus crisis. There were cases where some of these finance teams could not even understand what their cash visibility looked like.”. The Biggest Pain Points, Revealed.

B2B 125

B2B Prioritization Invoicing Corporate Finance 125

PYMNTS

NOVEMBER 6, 2019

If a small business buys office suppliers from a vendor once a month, it can be relatively straightforward for the accounts payable (AP) department receiving that supplier invoice to notice if their company has been overcharged. Validation [of these complex invoices] is done by exception or sampling, and that’s not surprising,” he said.

Invoicing 40

Invoicing Accounts Payable General Ledger Forecasting 40

CFO Simplified

APRIL 8, 2022

Many entrepreneurs have one person they trust implicitly with their business operations, finances, and administrative activities. Significant Findings and Recommendations: Internal Controls – Cash Operations. The office manager controlled the company’s financial operations. Any credit memos should be approved by management.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Reconciliations CFO 52

PYMNTS

SEPTEMBER 20, 2016

According to Eyamie, the attraction towards subscriptions is also shifting the way companies bill and get invoiced for their services, creating a new world of logistical challenges for cash flow management. Shifting To A Subscription Model. “We see a real gap on the QuickBooks side of things,” said Eyamie.

B2B 78

B2B Accounting Invoicing Entertainment 78

Planful

JANUARY 3, 2017

Accounts receivable and collections management. Fixed asset management. Treasury and cash management. Most ERP systems are built and deployed using a relational database management system (RDBMS), which is optimized for high-volume transaction processing. Orchestrating and managing a rolling forecast process.

General Ledger 40

General Ledger Budgeting Forecasting Cash Flow Forecasting 40

PYMNTS

MARCH 5, 2018

More recently, the Association for Financial Professionals’ (AFP) 2017 Risk Survey found nearly half of businesses say their exposure to uncertainty is higher than it was three years ago, and 51 percent say forecasting risks will be more difficult three years from now than it is today. This is typically very cheap — very, very cheap.

B2B 42

B2B Cash Management Treasury Risk Management 42

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

Bramasol

DECEMBER 13, 2021

From Bramasol's perspective as a leading SAP partner creating business management, finance, and compliance solutions for over 25 years, here are five major areas that we are watching closely and helping our clients prepare to deal with in the coming year - and beyond.

SAP 52

SAP Compliance Profit and Loss IFRS 52

PYMNTS

MAY 31, 2017

Wave’s approach to enhancing SMBs’ handle on cash management is a bit different. This unified platform keeps all of the data across these metrics in a single place, making it easier part time accountant or bookkeeper come tax time, Sand bringing cash flow predictability much closer to the small business. .”

Cash Management 51

Cash Management Invoicing Accounts Payable Financial Data 51

PYMNTS

OCTOBER 19, 2016

Cash flow forecasting technology was once only for the massive enterprise, with resources aplenty to invest in such tools and the internal expertise to understand the complexity of it all. But cash forecasting is democratizing to smaller companies thanks to incoming technology, said TreasuryXpress CEO Anis Rahal.

Forecasting 77

Forecasting Cash Flow Forecasting Reconciliations Invoicing 77

PYMNTS

SEPTEMBER 11, 2019

According to a new PYMNTS interview with Simon Lyons, chief commercial officer at Slide , such innovation promises to improve cash flow for small and medium-sized businesses (SMBs), helping to solve a common problem that can bring existential risks. Cash flows, that’s what kills small businesses.”. Cash Flow Concerns.

Invoicing 40

Invoicing Cash Management Forecasting Banking 40