This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Why Asia Leads the World in E-Invoicing Asia has become a global leader in e-invoicing, with early adopters like South Korea and India setting the pace, and newer entrants such as Malaysia and Thailand rapidly catching up. Why Are Governments Pushing E-Invoicing? Errors can lead to rejected invoices.
Mid-sized businesses are losing almost $300,000 annually to invoice fraud, which can also hurt supplier relationships, according to Branden Jenkins, COO of Medius.
Tariff engineering, exercising “reasonable care,” and checking invoices for erroneous duty charges are some tactics CFOs can use to mitigate the impact of import duties.
The sharp rise suggests firms seek to delay payments as they did in the pandemic, according to an analysis from Basware, a financial automation company.
Dubbed the "Supplier Portals Agent," the fintech's new offering targets invoice submission pain points in order to free up finance teams for more value-added tasks.
With higher rates and an uncertain economy, many companies are paying invoices late because they don’t know when capital will be available next, Capchase’s Przemek Gotfryd writes.
Balancing Cost and Service in Financial Management: A CFO’s Perspective Every decision a CFO makes carries weight on the bottom line, the team’s efficiency, and the overall direction of the business. Regularly Review Your Cost Structure A detailed cost review is not just an annual exercise.
It is a small but telling vignette from Whelans first months as CFO, and it captures the companys wider ambition: MarginEdge wants to create a world where restaurant operators can focus on great food and great service without having to worry about the back office, she tells us. CFOTL: Youve just joined MarginEdge as CFO.
Late payments or unpaid invoices can seriously impact cash flow, making it harder to cover essential expenses like paying employees, suppliers, or rent. By monitoring outstanding invoices regularly, you can spot changes in payment patterns. Use accounting software to track outstanding invoices and automate payment reminders.
Now serving as CFO of Yooz, Gronen draws on this experience to focus on scaling the company through automation, AI-driven processes, and product expansion. ” —John Gronen, CFO, Yooz CFOTL: Tell us about what this company does and its offerings today. Right now, many companies receive invoices in paper envelopes.
Now Watch the Complete Episode Featuring CFO Emma Whelan of MarginEdge Emma Whelan discusses moving finance from backoffice afterthought to strategic driver. She explains MarginEdges mission to automate invoice processing, inventory, and recipe costing, giving restaurant owners realtime cost data and freedom to focus on hospitality.
Global Finance: You have been CFO for almost four years. GF : What makes this business and industry a distinctive challenge for a CFO? We use AI-powered software to handle data entry as well as invoice processing with optical character recognition that extracts process data from receipts and documents with minimal human intervention.
For Matt Collis, CFO of PairSoft, storytelling is more than a skillits a strategic tool for aligning teams and scaling businesses. ” Matt Collis, CFO, PairSoft CFO TL: Tell us about PairSoftwhat does the company do, and what are its offerings today? These growth strategies make this an exciting time for PairSoft.
It’s not uncommon for CFOs to exit soon after a major acquisition—especially when a larger enterprise takes the reins. Ho had been CFO of Taulia, a working capital fintech, when it was still an independent company. We don’t use our balance sheet to finance the invoices,” Ho says. But Rene Ho stayed. But Rene Ho stayed.
Today, as CFO of Faire, Lee keeps the same principle front and center: gain visibility first. In his view, a successful CFO not only safeguards the bottom line but fosters an environment where strategic insights drive company-wide innovation. Jason Lee, CFO, Faire CFOTL: Tell us about Faire. Be a businessperson first.
And how does a booking differ from invoicing and revenue? The post Bookings vs Invoicing vs Revenue | The SaaS Revenue Cycle Explained appeared first on The SaaS CFO. SaaS is full of metrics, but in this case, we are mixing SaaS and accounting terminology to make things even more confusing.
Companies long-used to sending and receiving paper invoices and checks are finding that digital methods can deliver funds and billing information at a far faster clip. B2B payments automation can save companies valuable time and make it easy for employees working from home to process invoices and reconcile payments. About The Report.
Even with the digitization of the invoice, fraud remains a rampant problem, and it's not only the buy-side of the B2B equation faced with the consequences. Deepfake technology means criminals can masquerade their own voices to convince unwitting employees to approve an invoice for payment, for instance. A Straightforward Challenge.
Implementing automated invoicing systems can streamline the collection process, reducing outstanding debts and accelerating cash inflows. Leveraging CFO Financial Insights for Strategic Growth CFO financial insights play a pivotal role in shaping business growth planning.
Inside The Mentoring Round , CFO Georgy Egorov discusses ZeroAvias drive to pioneer zero-emission aviation by 2026, highlighting their hydrogen-electric engines as a scalable solution. He explains how AI is lowering hydrogen production costs by around 20% and improving operational efficiency.
It’s not unusual in a small company for the accounting manager to become the controller and then become the CFO. Let’s look at these two roles: CFO vs. Controller: What’s the difference? At the basic level, a controller is tactical, whereas a CFO is strategic. Codes and processes Accounts Payable invoices. What is a CFO?
Bringing Value Through CFO Insights When a company is in difficulty, it’s often a cash flow shortage that first raises the red flag. The company had a fractional CFO that was doing less and less for them over time. They were 6 weeks behind in invoicing. Prioritize invoicing on current company activities.
High-impact areas to automate include invoice processing, the financial close, and internal controls. Perhaps one of the most significant shifts worth noting is the growing number of e-invoicing mandates globally. The post The CFO Agenda: 5 Areas to Focus on in 2024 first appeared on CFO Leadership.
CFOs are under growing pressure to drive efficiencies at zero cost. Leveraging intelligent automation to process invoices can help, Steven Cronin writes.
Frances, who was promoted to CFO in August 2021, particularly enjoys this aspect of her role which she says is much more commercial and strategic than her previous one. “I 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. .
When it comes to managing thousands of invoices, artificial intelligence and automation can run a much tighter ship than humans, asserts Medius executive Branden Jenkins.
In the world of the CFO, there is one constant amid all the changes. The CFO must always be ready to lead and manage a successful finance team. In order to be successful, the CFO needs to collaborate closely with the Controller to define and implement financial strategies that can be supported through financial operations.
Unpaid invoices take a nasty bite out of cash flow. Dean Kaplan writes that taking time early on to evaluate receivables and stratify accounts for fast attention will pay off.
Inside The Mentoring Round , PairSoft CFO Matt Collis shares his leadership philosophy on transparency, communication, and cultural alignment. 1067: The Power of Storytelling in Scaling Businesses | Matt Collis, CFO, PairSoft The post How Finance Drives Culture & Growth | Matt Collis, CFO, PairSoft appeared first on CFO THOUGHT LEADER.
Charlie Cheah , managing director, Esker Asia , believes that CFOs and in a bigger context, the Office of the CFO in Asia, face several challenges when integrating AI into financial systems, given the region's diverse technological landscape. "In ML helps automate invoice matching and data extraction, reducing human errors.
Currently, the threshold for business annual turnover above Rs 10 crore is required to issue e-invoicing. The move is aimed at further improving compliance and further plugging gaps in revenue collection.
This podcast features a discussion between Trade Credit & Liquidity Management’s Bob Shultz and Amartya Singh, CEO and CFO of Finnflow, focusing on the persistent challenges companies face in managing the order-to-cash (O2C) process. Many critical functions, such as customer contact management, reside in separate systems (e.g.,
CBIC has implemented two-factor authentication for e-waybill and e-invoice systems from December 1, heightening security measures within the goods and services tax systems.
Bringing Value Through CFO Insights When a company is in difficulty, it’s often a cash flow shortage that first raises the red flag. The company had a fractional CFO that was doing less and less for them over time. They were 6 weeks behind in invoicing. Prioritize invoicing on current company activities.
With the looming threat of client payment delays, businesses must embrace comprehensive CFO Plans to safeguard their financial health and ensure operational continuity. Establishing clear payment terms, offering early payment incentives, and utilizing innovative technology to streamline invoicing are crucial measures.
In a compelling conversation with Leana van der Merwe, Rajesh Bux , Group CFO of Link Africa and interim CEO of Bitco Telecoms, shared how his dual roles sharpen his focus from pure financial control to strategic foresight and organisational leadership. From Insight to Foresight Rajesh explained that as CFO, his role is to interpret data.
Receivables Exchange of India Ltd, an MSME invoice financing platform, has achieved a significant milestone. It has crossed Rupees two lakh crore in financing. In fiscal year 2025 alone, RXIL facilitated Rupees eighty thousand five hundred crore in financing. Over forty four thousand MSMEs are registered on the platform.
Potential pitfalls include: Cash Flow Issues: A sudden leadership change can disrupt the normal flow of operations, leading to delays in invoicing and payment processing. Our CFO services are designed to provide the expert guidance needed to navigate uncertainty. At E78, we understand the complexities of these changes.
You can track invoices, payments, and expenses in real time and securely access your financial data from anywhere. OCR technology scans and digitizes your invoices and receipts, making it easier to stay organized. OCR can also extract data from your invoices and reduce the need for manual data entry. Electronic Payment Systems.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content