Future CFO

MARCH 14, 2022

By implementing Esker’s Procure-to-Pay suite and Esker’s Accounts Receivable solution ( Invoice Delivery , Collections Management and Cash Application solutions ), the company has gained full visibility and clarity over payables and receivables. When it comes to paying the invoices, are they paying the smaller amount first?

Invoicing 97

Invoicing Finance Accounting Banking 97

PYMNTS

MARCH 4, 2020

The value of the technology is evidenced by the vast number of APIs that businesses use and consume. Singapore-based bank DBS is offering an API-powered payment service that lets companies scan QR codes on invoices to then immediately pay suppliers via the city-state’s near-real-time payments rail.

Treasury 96

Treasury B2B Cash Management Leverage 96

PYMNTS

FEBRUARY 1, 2021

Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. That information is then easy to process for generating insights and informing cash management decisions. .

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

CFO Simplified

AUGUST 18, 2022

However, one particular “business” topic that occasionally comes up, especially during the holidays, is our family’s “cash gap.”. The cash gap is the number of days between when we spend money buying presents, and when I get paid next. Days’ Payables is the average number of days you take to pay suppliers. Days’ Payables.

Accounts Payable 105

Accounts Payable Invoicing Accounting Sales 105

CFO Simplified

SEPTEMBER 16, 2022

Think about all of the processes your business uses each day… Purchasing, manufacturing, receiving materials or inventory, shipping orders, invoicing customers, collecting customer payments, paying suppliers, and many others. Paying the suppliers’ invoices. Each of these processes has distinct risks attached to them.

Accounts Payable 52

Accounts Payable Invoicing Risk Management Accounting 52

Future CFO

APRIL 6, 2022

Sidetrade CFO, Philippe Gangneux , opines that spreadsheets have an increasing number of limits and complexities. Citing the company’s Cash Culture Pulse 2022 study, he points out that not only is there a high dissatisfaction rate among businesses towards spreadsheets for cash flow management. Philippe Gangneux.

Invoicing 98

Invoicing Finance CFO Accounting 98

The Finance Weekly

MARCH 5, 2024

Surprisingly, Excel was the number one solution, despite being the nemesis of IT professionals. This often involves replacing outdated ERP systems or implementing new cash management solutions. 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

NOVEMBER 7, 2019

The solution enables buyers to upload several invoices at once, and can also help users estimate future cash flow through the use of data in various formats. It also minimizes collection, cash management and insurance costs,” he said. We’ve done a number of transactions. It’s a pilot,” HSBC U.K.

Invoicing 40

Invoicing Cash Management Finance Leverage 40

CFO Simplified

MARCH 11, 2024

As we’ve worked increasingly with law firms over the past few years, there are a number of commonalities that we’ve found with many of the firms that we’ve met and have worked with. And just as important is that assuring the satisfaction of a client is critical to assuring that their invoices are going to be paid.

Profit and Loss 52

Profit and Loss CFO Risk Management Invoicing 52

PYMNTS

FEBRUARY 14, 2018

That’s especially true when it comes to getting paid for their work, a process that can drag between getting invoices out and getting payments in. In fact, it often ties SMB cash flow into knots. Today, this often means offering features like invoicing, accounting, web and storefront development. Keeping it simple.

Invoicing 59

Invoicing Accounting Cash Management Numbers 59

CFO Simplified

APRIL 8, 2022

Significant Findings and Recommendations: Internal Controls – Cash Operations. The office manager controlled the company’s financial operations. She did payroll, accounts payable, invoicing and cash receipts. The payroll register should be reviewed by management following every payroll. Cash Management.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Reconciliations Forecasting 52

PYMNTS

JULY 2, 2020

But as businesses hold onto their cash in preparation for more disruption ahead, an increasing number of firms are also taking a closer look at a different AP strategy that can support working capital needs without creating cash flow issues for valued suppliers. “We’re seeing a lot more of that mentality.”

Economics 104

Economics Accounts Payable B2B Reconciliations 104

PYMNTS

OCTOBER 13, 2017

Order-to-cash is an area of cash flow management that has the potential to significantly enhance a business’s financial performance. ” That business model means companies that would have previously invoiced a customer once a year are now splitting that bill into, for instance, 12 monthly bills.

Financial Data 40

Financial Data Invoicing Cash Management Technology 40

PYMNTS

APRIL 4, 2019

These current market conditions have helped shape the dynamic between cash flow management and trade finance, with many small suppliers turning to external finance out of necessity — either to access financing while they wait for their customers to pay invoices, or to link their customers to financing as they struggle to pay invoices themselves.

Finance 56

Finance B2B Invoicing Securities 56

PYMNTS

OCTOBER 1, 2020

CSI, he noted, has insight into a number of industries, where the payment processing platform (focused on integrated payables) aggregates and accepts payments on behalf of a wide range of businesses. At a high level, said Disque, the embrace of automated accounts payable (AP) processes has been consistent across verticals.

Accounts Payable 77

Accounts Payable Cash Management Construction Invoicing 77

PYMNTS

MARCH 23, 2017

Receivable Savvy, an accounts receivable and order-to-cash management firm, wants suppliers to see Same Day ACH as an opportunity to bolster cash flow. Its 2017 Perceptions Study found that 80 percent of B2B supplies said their number one issue in accounts receivable is to receive payment faster.

B2B 54

B2B Invoicing Reconciliations Education 54

PYMNTS

JUNE 22, 2016

Accounts receivable processes, like their AP counterparts, are similarly plagued by manual, paper processes, making the cash management effort monumental for suppliers. It can automate credit checks for buyers and streamline the invoice and payment dispute process, the report said.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

PYMNTS

JUNE 7, 2017

BAM Worldwide, a provider of cash management and working capital, e payment solutions to the transportation industry , announced Tuesday (June 6) that it has completed a $10-million investment led by Millstone Capital Partners. The solution provides financing for outstanding invoices, allowing borrowers to decide how much they need.

Investments 40

Investments Transportation Cash Management Invoicing 40

Future CFO

DECEMBER 11, 2023

Suppliers can embed real-time payment instructions in customer communications to simplify invoice processing. Lenders were put in a position to find ways to accommodate the increased number of digital transactions and ensure resiliency and uptime rise accordingly, said Yeo.

Banking 98

Banking Finance CFO Leverage 98

PYMNTS

FEBRUARY 13, 2018

But now, a growing number of software platforms are working to address that problem through independent point solutions that offer features like invoicing, bill payments, time and record keeping, integration into accounting systems and payments processing, among others. . Before you’d bill your client on a monthly basis,” Girvan said.

Invoicing 41

Invoicing Cash Management Accounting Technology 41

PYMNTS

DECEMBER 31, 2020

From the back-office bean counter to the overseer of cybersecurity and anti-money laundering (AML) compliance, the modern corporate treasury has undergone an extreme makeover in recent years that goes well beyond its historic roots in cash management. There are a number of things that intersect here: data, privacy, consumer protection.

Healthcare 115

Healthcare B2B Foreign Exchange Treasury 115

PYMNTS

NOVEMBER 16, 2018

It also provides businesses with banking information for each currency, allowing them to obtain IBANs and account numbers from various markets to receive money in different currencies more easily. For instance, its LaaS platform lets businesses provide invoice or payroll financing to their customers.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

MAY 5, 2016

Cash management in the accounts payable department goes far beyond paying supplier invoices on time. The prongs of dynamic discounting and developing a strategic payment plan, along with external ways of optimizing cash flow, like supply chain finance, combine into a complex toolset that AP professionals have to manage.

Accounts Payable 40

Accounts Payable Cash Management Invoicing Finance 40

PYMNTS

MARCH 25, 2020

As Shi explained, startups in particular will sign up for free trials, which require a credit card number, and then end up paying for that subscription for months whether they’re using it or not. Although common, this isn’t the only culprit of excess SaaS spend. Broadening Opportunities.

Invoicing 43

Invoicing Cash Management Startups Banking 43

PYMNTS

APRIL 18, 2016

” There are the obvious sources of information being handled by cross-border business partners, he noted, like invoices and purchase orders. For instance, while invoices are connected to cross-border B2B payments, that exchange of data doesn’t always result in the understanding of that data.

Foreign Exchange 40

Foreign Exchange Invoicing B2B Accounts Payable 40

PYMNTS

APRIL 12, 2016

Making sure the books add up properly is key to keeping their legal nonprofit status, and that means cash management is paramount. The nonprofit industry has a lot to gain from this payment technology, claims a new whitepaper from vendor management consulting firm Vendor Centric. Not-For-Profit.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

DECEMBER 2, 2020

Sage has unveiled a new partnership with Satago , a cash management and finance program for small firms and accounting professionals, according to an announcement. Germany's Aareal Bank Group Rolls Out B2B Payment Platform. Germany-based Aareal Bank Group is rolling out its Aareal Exchange & Payment Platform (AEPP) offering.

Cash Management 57

Cash Management B2B Foreign Exchange Banking 57

PYMNTS

JUNE 22, 2016

And as one of the largest industries impacting the global economy, the oil and gas sector must push through the pressures of high-volume cash management, regulation and even influences from its own labor force. . For one, Mullaney said, the sheer volume of cash flowing throughout the market makes payment a make-or-break function.

B2B 40

B2B SAP Accounts Payable Invoicing 40

Future CFO

JANUARY 21, 2021

Equally important is supply chain financing, which touches on the topics of invoice and reverse factoring. People are looking to see if there are ways for them to leverage their excess cash or the limitations in [acquiring] cash,” added Kim. So, you end up with a lot of number crunching, but no decision is made.

Treasury 52

Treasury Foreign Exchange CFO Currencies 52

BlueLight

JULY 30, 2020

Pre Series B, it’s a part-time role to simply track past financial numbers. Third is financing and cash management.” Customer relationship management: Salesforce ?—?The Billing and invoicing software: Bill.com ?—?Cloud-based Data challenge: Each month, the CFO suite has to match cash receipt with billing.

CFO 52

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

PYMNTS

APRIL 16, 2020

This will significantly impact not just livelihoods but also the number of partners with which companies can work. WHO has recommended contactless payments for this purpose, while South Korea and China are holding all cash from central banks under temporary quarantines to kill any virus before releasing it into circulation.

Manufacturing 52

Manufacturing B2B eCommerce Retail 52

PYMNTS

APRIL 15, 2016

If you go through the numbers, it does imply there’s a lot more business to be done for cash management to be done better,” he said in a recent interview with PYMNTS. You could turn around and say, ‘OK, don’t accept cash. And, in fact, there is an increasing number of SMEs in the U.K. Don’t use a check.’”.

Banking 40

Banking B2B Finance Cash Management 40

Strategic Treasurer

MARCH 6, 2023

And it’s something that’s cash or near cash is treated as cash and may not take into account some of these ideas related to float or delays. Whether it clears tomorrow, or a week from now or 10 days from now because they view it as this essentially cash it’s so near cash, the time difference is negligible.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Treasury GAAP 52

PYMNTS

MARCH 1, 2016

The tallies are in: Innovate Finance has calculated the state of investment in FinTech for 2015, and we have the numbers. Citi Ventures supported B2B FinTech companies like invoice financer C2FO, while iwoca got support from CommerzVentures. According to analysts, corporate venture funds made 25 deals last year in the world of FinTech.

B2B 40

B2B Foreign Exchange Accounts Payable Startups 40

PYMNTS

DECEMBER 30, 2016

Currently, businesses will receive a payment and not know what it was for, and linking that back to an invoice number or a purchase order is challenging and sometimes can take many emails and phone calls to resolve with the danger of a customer being marked in arrears when they have actually paid.

B2B 50

B2B Reconciliations eCommerce Banking 50

PYMNTS

AUGUST 2, 2018

The model that some may seek when it comes to boosting that visibility is akin to a FedEx experience, where one inputs a tracking number and can view the progress of a package as it moves from doorstep to doorstep. That visibility problem has been around forever, said Rhodes, “and we are just starting to make some headway.”

B2B 40

B2B Banking Cash Management Invoicing 40

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