PYMNTS

AUGUST 16, 2019

Paper invoices are among the construction sector’s biggest challenges. According to Danielle Sandoval, group product manager, invoicing and payments at construction management software company Procore Technologies, payment times can reach as high as 120 days in this industry, often linked to the sluggishness of paper invoice processing.

Construction 50

Construction Communication Invoicing B2B 50

PYMNTS

JULY 2, 2019

The solution, developed by SAMA subsidiary Saudi Payments, enables vendors to issue invoices electronically to government and corporate clients, and receive electronic payments to reduce administrative burdens and costs on both sides.

Invoicing 43

Invoicing Reconciliations B2B Economics 43

PYMNTS

MARCH 8, 2019

Invoice fraud, where emailed requests trick employees of various firms into sending money to scammers’ bank accounts, has been making the rounds in the United Kingdom. As much as £49 million (just over $64 million USD) were lost to invoice fraud, as measured through the first half of last year.

Invoicing 59

Invoicing Accounting Manufacturing CFO 59

PYMNTS

AUGUST 9, 2020

and Google’s existing and new relationships through improved communication methods,” the release says. Due to the SAP Ariba Network, suppliers have access to better visibility for invoices and orders, with the ability to self-manage account information, submit invoices electronically and receive new purchase orders.

SAP 144

SAP Invoicing Education Risk Management 144

PYMNTS

AUGUST 24, 2018

The email account is the primary means of communication. The invoice that may be the lure, with account details that facilitate the transfer of money … never to be seen again. In these and other warnings — along with some case studies herein — business owners need to make staff aware of the specter of invoice fraud.

Invoicing 40

Invoicing Communication Accounting Banking 40

PYMNTS

DECEMBER 28, 2020

Tally Solutions Managing Director Tejas Goenka said the new service would help as India begins to force companies to adopt electronic invoicing (eInvoicing) in the next few months. In the new service, Tally will communicate with the Invoice Registration Portal (IRP) in order to send invoices in real time.

Invoicing 80

Invoicing B2B Education Communication 80

CFO News

APRIL 18, 2023

The changes in ITC rules have added responsibilities on businesses to reconcile and communicate with vendors more often. In turn, it has led them to take additional steps to secure ITC reporting, such as GST payment blocking while releasing invoice payments.

Reconciliations 52

Reconciliations Invoicing Communication Securities 52

PYMNTS

JUNE 28, 2018

Coverage includes Hive Project’s deal with Gosocket for invoice financing. On another note, Hive Project has inked a deal with Chile’s Gosocket for a blockchain solution to invoice financing, NBC Right Now reported. Welcome to The Axis, your late look at payments news from around the world.

Invoicing 46

Invoicing eCommerce CFO Communication 46

Future CFO

MARCH 16, 2022

It has an automated approval process so that when I create an invoice, my manager automatically receives a notification that the invoice has been submitted,” Somosundaram said. She added: “Each process is very detailed, and we communicate it not only to the finance team but to the whole Hexa business group in all the regions.

Finance 98

Finance Accounts Payable Invoicing Compliance 98

PYMNTS

OCTOBER 20, 2020

Stampli , which works in accounts payable automation, has debuted a new feature called Stampli Direct Pay which a press release says will let companies pay invoices with ACH or from their own bank accounts. For example, it will let companies reconcile payments with bank statements, with one withdrawal for each payment related to the invoice.

Accounts Payable 57

Accounts Payable Invoicing Reconciliations Communication 57

PYMNTS

JUNE 10, 2020

Payments must also be disbursed as quickly and seamless as possible to freelancers who may be experiencing financial pressures due to the pandemic, representing a sharp learning curve for companies still r elying on manual invoicing or payments processes. Why Slow Invoice Reconciliation Is Leading To Financial Pains And Rising Costs.

Invoicing 56

Invoicing Reconciliations Accounts Payable Communication 56

CFO Share

NOVEMBER 15, 2023

Here are some small business accounting tips to prep for audits every day: Organize Documents: Systematically save and organize invoices, bills, contracts, and other documents digitally for easy search and reference. Ensure they are sensible and supported by appropriate documentation, like invoices and contracts. What did not go well?

Auditing 52

Auditing IFRS GAAP Invoicing 52

PYMNTS

OCTOBER 30, 2019

Stampli redefines invoice management by turning the invoice into a communication tool allowing AP to seamlessly collaborate with all departments and external vendors.”. The company is now processing about $12 billion in invoices annually, which is four times more than it was processing at the beginning of 2018. .

Accounts Payable 50

Accounts Payable Accounting Invoicing Communication 50

PYMNTS

FEBRUARY 24, 2020

These firms are finding that managing both systems in the cloud offers the flexibility and security needed to streamline invoicing and cut costs, while keeping operations running as smoothly and accurately as possible.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

The Charity CFO

MARCH 6, 2024

For example, if a financial report is produced on the 15th of every month, but an invoice needed for the report can’t be obtained yet, then there may be some issues here. A few tricks here are to assure that invoices are being prepared and prepared correctly. Finally, make sure they are actually being sent off the funding source.

Nonprofit 59

Nonprofit Accounting Reconciliations Invoicing 59

CFO Talks

MARCH 19, 2024

By distilling these goals into a concise list and communicating them consistently—whether in formal presentations or casual discussions—the CFO ensures everyone understands and aligns with the finance department’s direction. This might involve enhancing digital finance capabilities or adopting sustainable business practices.

CFO 52

CFO Communication Finance Budgeting 52

Navigator SAP

FEBRUARY 17, 2022

For example, when a sales order is received, the system can immediately generate a purchase order, determine product availability, perform a credit check, update the distribution schedule, and send out an invoice with the correct cost amounts.

SAP 130

SAP Invoicing Manufacturing Compliance 130

PYMNTS

APRIL 22, 2020

With more B2B payment technology providers turning their attention to the electronic invoice, the document has become a keystone that connects accounts payable (AP) and accounts receivable (AR) portals. Taulia Targets Supplier Invoicing Via The Buyer. Tradewind Eases Buyer-Supplier Cash Flow.

Accounts Payable 56

Accounts Payable Invoicing B2B Currencies 56

PYMNTS

SEPTEMBER 8, 2020

According to one corporate customer of Ma Labs, the company hasn't properly communicated the matter but has stopped sending invoices. 1 million was stolen from the City of Industry via invoice fraud, claims officials in the California city. million was siphoned from one New Zealand business in a scam linked to invoice fraud.

Invoicing 69

Invoicing B2B Communication Accounting 69

The Charity CFO

SEPTEMBER 28, 2022

Scan Your Receipts and Invoices . Gone are the days of manually recording every receipt and invoice. Instead, dozens of convenient apps are out there to help you scan and upload receipts and invoices without touching your keyboard. Opt for digital-only communication from your financial documents and invoices, where possible.

Nonprofit 105

Nonprofit Invoicing Accounting CFO 105

Future CFO

MARCH 29, 2021

Automation will give finance leaders deep insight into all their financial transactions which they currently cannot achieve especially where paper-based or email-based invoices as those invoices usually sit in email inboxes or on someone's desks. Recurring pain points in accounts payables. Benefits of automating accounts payables.

Accounts Payable 52

Accounts Payable Accounting SAP Invoicing 52

PYMNTS

NOVEMBER 1, 2019

The physical nature of paper-based invoices poses a challenges for recipients looking to quickly, effectively and affordably process them. Each of these invoices costs businesses $16 to $22 to process, and PYMNTS research found that 72.4 percent and 43.8 percent are delivered via postal mail and fax machines, respectively.

Invoicing 40

Invoicing Communication Accounting Accounts Payable 40

CFO Share

APRIL 29, 2024

While you can see an in-house bookkeeper working hard on a pile of paperwork, virtual bookkeeper performance should be measured on outcomes like the size of the AP inbox or invoice error rate. Near-shore solutions are more appropriate if real-time communication is important for your business.

Vendor Management 52

Vendor Management Invoicing Communication Accounting 52

PYMNTS

AUGUST 24, 2020

The new advanced reporting dashboards will offer "comprehensive Business Intelligence (BI) reporting services" to give better visibility into data for invoices, profitability and resource efficiency.

Transportation 98

Transportation Invoicing Communication Accounting 98

PYMNTS

JUNE 8, 2020

now have more than $12,670 stuck in B2B receivables as they wait for their invoices to be settled. IBM, for instance, was paying 55 percent of its invoices in 60 days or less; it now pays 90 percent of bills within that timeframe. 38 percent of B2B invoices are overdue in the U.K. Sidetrade’s latest data reveal.

Invoicing 52

Invoicing B2B Construction Finance 52

PYMNTS

FEBRUARY 20, 2020

From FinTech solutions to legislation, new efforts to combat delayed invoice payments continue to emerge – and yet the problem continues to worsen. In addition to suppliers implementing enhanced collections practices, Dare said businesses can also take control of their own late payments hurdles by embracing tools like invoice finance.

Invoicing 62

Invoicing Finance Prioritization B2B 62

PYMNTS

JANUARY 8, 2021

PayJunction Debuts Digital Invoicing for Virtual Terminal Clients. Payment processing technology developer PayJunction has rolled out a digital invoice function for companies that harness its virtual terminal offering, according to a Thursday (Jan. 7) announcement. Fides Expands Connectivity for Finance Professionals.

B2B 86

B2B Treasury Invoicing Finance 86

PYMNTS

APRIL 2, 2019

Spend control isn’t easy — just ask Google and Facebook, which confirmed in 2017 they were among the corporate victims of a widespread phishing attack that tricked businesses into paying fake invoices. The scam wasn’t a one-off job, either. In the world of procurement spend management, data is undoubtedly key.

Invoicing 59

Invoicing Accounts Payable Communication Accounting 59

Future CFO

JULY 16, 2021

When it comes to the collections process, companies that remain focused on delivering exceptional service, having honest and consistent communication, and treating every customer with respect — regardless of what invoices are due — will set themselves apart.

Accounting 52

Accounting Accounts Payable Communication Invoicing 52

Nerd's Eye View

APRIL 26, 2023

Third, regulators require RIAs to maintain an extensive set of books and records of the firm's business and advisory practices, including business and financial records (like bank statements and invoices), client-related documents (like written client communications, client agreements, and written information forming the basis of any recommendation (..)

Compliance 90

Compliance Advertising Invoicing Communication 90

PYMNTS

JULY 25, 2019

For all the various ways businesses onboard new suppliers, the accounts payable (AP) professionals running the show seem to agree that performing them digitally makes it easier to receive, approve and pay supplier invoices. Despite this apparent consensus, there are still certain onboarding operations that firms tend to carry out manually.

Accounts Payable 47

Accounts Payable Invoicing Communication Leverage 47

CFO Simplified

JULY 24, 2022

For those who are a part of an accounting team, whether you’re looking at bank records, invoices, receipts for merchandise, the list goes on, all of this information is in the cloud. Regardless of whether your accounting team is remote or in person, the key thing is that people are communicating with each other.

Accounting 96

Accounting CFO Invoicing Manufacturing 96

PYMNTS

JUNE 8, 2020

Indian FinTech Infibeam Avenues , which works in digital payment and eCommerce solutions, has bought all shares of Cardpay Technologies, which provides payment and invoice technology, in an all-stock deal. The platform offers help with physical and virtual credit cards, invoice processing and early payments discounts, BusinessLine reports.

B2B 60

B2B Invoicing Communication eCommerce 60

PYMNTS

OCTOBER 31, 2019

The slow, expensive process of handling print invoices is a barrier to smooth cash flow, and SMBs can make their operations run smoother by tapping AR tools for digital payments, electronic invoices, automated processes and more. Giving AR A Social Media Upgrade. To read the Feature Story, download the Report.

Invoicing 41

Invoicing Communication Leverage B2B 41

PYMNTS

JUNE 15, 2017

Cloud company Vlocity and invoicing company Globys are teaming up to target the communications industry and provide its members with a streamlined procurement solution. Globys specializes in invoice-to-cash solutions for B2B suppliers in the subscription economy, the company explained in the Wednesday (June 14) announcement.

Accounting 42

Accounting Accounts Payable Invoicing Communication 42

CFO Simplified

DECEMBER 12, 2021

Leaders in finance are most successful when they have skills in communication, quantitative analysis, financial planning, and team building. Accounting teams are responsible for: Invoicing. Recording and paying accounts payable invoices. Invoicing and collections. What is Accounting? . Receiving and posting cash.

Accounting 52

Accounting Finance Cash Flow Forecasting CFO 52

Future CFO

MARCH 14, 2024

With the recent changes in Malaysia’s accounting procedures and regulations, such as service tax and e-invoicing, Yong believes that accountants should stay updated with the latest changes and be prepared to implement these in their company to ensure a seamless run.

Accounting 98

Accounting Finance Financial Analysis Compliance 98