Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Here's how it works: Multiple Currency Support: In a multi-currency account, you can hold balances in different currencies simultaneously.

Currencies 52

Currencies Accounting Risk Management Compliance 52

PYMNTS

APRIL 7, 2019

“The enhancements improve the payment-to-settlement time, increase security and reduce costs for both payers and receivers by further automating and streamlining reconciliation of the growing number of international payments coming from different countries in different currencies,” the company said.

Reconciliations 62

Reconciliations Currencies Invoicing Compliance 62

PYMNTS

NOVEMBER 20, 2020

While expanding internationally is the easy part, the challenge often comes in the back-office financials like invoicing , cross-border payments, accounting and reconciliation. The challenges of international financial workflows don't end once a payment is received and currency conversion occurs, either. Cross-Border Headaches.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

FEBRUARY 28, 2020

Organizations that absorb and process supplier invoices within the Centsoft platform can see that data be automatically added into QuickBooks Online to support the payment and reconciliation process. ” There is also the growing risk of tax compliance, as markets like Europe and Latin America move to capture greater tax revenues.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

NOVEMBER 19, 2020

The partnership supports Payment Canada's need for RTR to enable ISO 20022 messaging standards and remain in compliance with the Bank of Canada 's risk management standards for payment systems, an announcement revealed.

B2B 104

B2B Reconciliations Risk Management Accounting 104

Future CFO

APRIL 18, 2022

Click on the link to download to discover in detail a list of the benefits that IBM Cognos Controller provide for finance teams: Data collection and validation Reconciliations Workflow and tasks to improve the close cycle Currency conversion Minority interest calculations Inter-company eliminations Group closing adjustments Management adjustments Allocations (..)

Finance 52

Finance IFRS GAAP Accounting Principles 52

PYMNTS

JUNE 17, 2020

Once booked, the trip can be paid for via the Expensify Card, with transaction details automatically captured for reconciliation and reporting. The integration also supports automated reconciliation and cash flow management, the companies noted in a press release. Amadeus B2B Wallet Expands Functionality.

Reconciliations 67

Reconciliations Accounts Payable B2B Risk Analysis 67

Bramasol

SEPTEMBER 8, 2024

With a 28 year track record as one of SAP's longest serving partners and the recognized experts in SAP revenue compliance and SAP BRIM/OTC offerings , the Bramasol team has deep experience tailoring SAP solutions to specific client requirements. Recognition and adjustment postings are generated simultaneously with the transactions.

SAP 64

SAP General Ledger Compliance Accounting Standards 64

PYMNTS

FEBRUARY 5, 2020

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. That information flow comes in on a real-time basis, rather than through the typical process of month-end reconciliation. That starts to get expensive quickly,” he said.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

MAY 18, 2017

Many payment providers are set up to aid transactions on a low value, low volume basis, Althaus said, “but as the size of cross-border payments gets into the thousands, tens of thousands and hundreds of thousands of dollars, this opens up a whole other level of complexity from the view of compliance” and the process of moving money.

Invoicing 59

Invoicing B2B Reconciliations Currencies 59

PYMNTS

MAY 24, 2016

Globalization has led to globalized businesses, and the rise of globalized business has led to always-on and, hopefully, real-time status of payments and other functions that are crucial across currencies and time zones. That leads to the necessity of payments taken across a variety of methods and with far-flung reconciliations.

Accounts Payable 40

Accounts Payable Reconciliations Compliance Currencies 40

PYMNTS

MAY 22, 2018

There are a ton of off-the-shelf software solutions, and the process is simple and straightforward with one currency, one format, well-understood payment methods and costs,” said Mike Massaro, CEO of Flywire. For most companies, domestic billing is easy. Since June 2017, Flywire ’s U.K.

Invoicing 52

Invoicing Reconciliations Education Currencies 52

PYMNTS

JANUARY 11, 2017

The Reserve Bank of India (RBI) says it’s time to embrace blockchain and adopt a digital currency for the country, according to a new report. But adopting a digital currency to operate across blockchain could offer even more benefits to India. But, reports said, it’s not that surprising that India would be so supportive of such a move.

Banking 45

Banking Currencies Reconciliations B2B 45

PYMNTS

APRIL 20, 2016

The ir POV was laid out in a paper jointly authored with Accenture , titled “Delivering an Industry Standard Platform through Community Collaboration.” In it, SWIFT found that there are eight critical factors that need to be satisfied before DLT can gain currency (no pun intended) in the financial industry at large. .

Reconciliations 40

Reconciliations Compliance Currencies Technology 40

Planful

JUNE 3, 2021

Eliminate manual tasks, overcome information silos, and ensure compliance while creating these statements, even as the company scales. Manual reconciliation is the most frustrating aspect of creating consolidated financial statements. Keep Up With Compliance as Your Company Scales. Transform the Finance Consolidation Process.

Compliance 40

Compliance Reconciliations Currencies Finance 40

CFO Leadership

MARCH 31, 2022

New currencies, global banking structures, regional regulations, disparate processes, and disconnected systems all add complexities to the treasury operations. Treasury professionals may now have to keep an overview on hundreds of bank accounts with different bank partners, in multiple currencies and in many countries around the world.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

Future CFO

JUNE 16, 2025

Tasks like accounts payable, expense reporting and reconciliation, which used to be time-consuming, are now being handled more efficiently with AI-driven tools," Chung observes. For instance, AI-powered tools can now spot unusual transactions in real time, which helps reduce financial risk and tighten compliance.

Profit and Loss 59

Profit and Loss Finance Reconciliations Forecasting 59

PYMNTS

MARCH 16, 2017

Althaus explained that, across industries and across company size, businesses essentially experience the same pain points of international accounts receivable: visibility, speed, cost, complexity and compliance. Meanwhile, each particular geographic market has its own set of regulations, geopolitical and compliance demands.

B2B 43

B2B Marketing Compliance Invoicing 43

Future CFO

JANUARY 12, 2021

Seamlessly integrating potentially conflicting financial data from multiple sources across geographies, time zones, and currencies onto a single platform saves time and effort and allows you to streamline processes and apply automated analytics.

Foreign Exchange 40

Foreign Exchange CFO Compliance Reconciliations 40

PYMNTS

MAY 3, 2018

It’s simple to explain, but extremely difficult for firms to do — particularly in the case of manufacturing mega-players like Coca-Cola or international veterinary supply firm IDEXX Laboratories, which are looking at funds coming in through dozens of payments methods, in scores of currencies and through a host of different regulatory regimes.

B2B 40

B2B Reconciliations Invoicing Currencies 40

PYMNTS

MARCH 1, 2018

Of course, language and currency can be a struggle. With data coming in from multiple jurisdictions in multiple currencies, another area of corporate ground travel that adds to this information deluge is the fact that travelers aren’t always using the same card for their trips.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40

The Finance Weekly

APRIL 13, 2024

This includes tracking past financial activities, ensuring compliance and reporting, as well as forecasting future financial scenarios for better budgeting. Every modern enterprise, regardless of size, requires finance software to manage various aspects of its financial health.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

CFO Thought Leader

OCTOBER 6, 2024

Our humble beginnings evolved through trying to help accountants to close their books through account reconciliations, matching transactions, and managing the tasks of far-flung accounting operations. The thing is, many of these constructs may involve different controllers, different currencies, and different regions of the world.

CFO 52

CFO Leadership Tax Planning Problem Solving 52

The Finance Weekly

OCTOBER 13, 2021

Organizations may , eliminate many of the manual processes that stymie a company's ability to accomplish a speedy financial closure by employing AI and machine learning to automate financial close processes including account reconciliation and reporting. Use intelligent process automation to your advantage.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Economics Risk Management Reconciliations 52

Planful

AUGUST 1, 2017

You’re expanding internationally, which often brings new complexities, such as currency conversions and intercompany eliminations across multiple divisions and subsidiaries. This includes dealing with the following issues: Currency translation. Intercompany reconciliations. Non-controlling interest and minority ownership.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

PYMNTS

JULY 31, 2017

Cash, in the form of currency notes on hand, does not really help anyone,” Krishnan recently told PYMNTS. “It That is where the adjacent benefits such as easy access to loans and automated invoice reconciliation processing on the platform kick in and are attractive”. It is a non-productive depreciating asset.”.

Invoicing 40

Invoicing B2B Accounts Payable Cash Management 40