The Finance Weekly

FEBRUARY 22, 2023

However, they usually lack a strong financial background, and it's essential to have effective finance and accounting support for a business to thrive. A startup usually can't afford to establish a complete finance organization with accountants, controllers, planners, and tax specialists right from the beginning.

Startups 52

Startups Finance CFO Forecasting 52

PYMNTS

JANUARY 19, 2021

NAB will add Eedenbull’s Q Business platform to its offering to help SMBs track and manage spend, as well as to automate compliance controls. South Africa-based Absa Group is working with Canada-based Surecomp to develop new trade finance initiatives across Africa, a press release said. BNL Goes Live With Tink.

Banking 136

Banking Reconciliations Compliance Finance 136

PYMNTS

SEPTEMBER 16, 2020

And anomaly detection and streamlined bank reconciliation will be available. One of the most exciting features within Acumatica Advanced Expense Management is its ability to detect corporate card use activities and remind the user to capture images of physical receipts for auditing and compliance purposes," she said, according to the release.

Reconciliations 76

Reconciliations Auditing Compliance Banking 76

Strategic Treasurer

APRIL 3, 2023

Download the Report Depth of Coverage This annual survey seeks to evaluate the current and projected impact of fraud on the finance and treasury environment. Practitioners from all industries are polled on their experiences.

Treasury 52

Treasury Reconciliations Education Risk Management 52

Future CFO

NOVEMBER 5, 2019

While organizations are implementing the technology, finance functions need to know what AI can and can’t do for them to effectively allocate resources and manage their expectations before deployment. To make these tools more accurate in document recognition and data extraction, finance functions need to train them with many sample documents.

Finance 52

Finance Auditing Invoicing Reconciliations 52

Future CFO

OCTOBER 1, 2023

According to the advisory firm, 80% of finance functions of large enterprises will use internal AI platform by 2026, as leadership teams do not want to fall behind peers. McDonald, senior director analyst in the Gartner Finance Practice.

Leadership 52

Leadership Reconciliations Auditing Compliance 52

Future CFO

AUGUST 1, 2023

Supriya Deka: The general features of financial applications include accounting, reporting & analytics, bank reconciliation, billing & invoicing, asset management, budgeting & forecasting, financial risk management, expense tracking, and payroll management.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

As your business reaches the end of each month, your finances require precise maintenance , but that also means diving headfirst into endless spreadsheets and financial statements —an absolute nightmare. Allows user-defined workflows to improve efficiency, compliance, and transparency, providing consistent audit trail visibility.

General Ledger 62

General Ledger Reconciliations Accounting Standards Auditing 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. Come auditing and tax time, maintaining compliance with all of the varying local regulations across different geographies adds an extra layer of complexity.

Mergers and Acquisitions (M&A) 61

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

The Finance Weekly

JANUARY 22, 2024

CFOs need strong finance and accounting skills, along with years of experience, to find ways to enhance the organization's financial well-being. The CFO may work with the finance and accounting team to predict the effects of different operational decisions. Resolve accounting and finance problems.

CFO 52

CFO Education Communication Leadership 52

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. But the ERP of today doesn’t look like it used to. The ERP’s Role in a FinTech World. Disruption Ahead.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

Future CFO

MAY 15, 2022

Finance leaders may have noticed one invoicing trend that emerged in the last couple of years – the way invoices arrive at their organisations has quite clearly changed. Now, with remote and hybrid work commonplace, most invoices are delivered through employees’ and the finance team’s email accounts. Automated verification.

Invoicing 52

Invoicing Accounts Payable SAP Finance 52

CFO Talks

MARCH 20, 2024

Both the CFO and Controller deal with the company’s finances, but they focus on different things. It’s important to step back from the day-to-day and think about the company’s finances from a higher level. When it comes to arranging for debt financing and conducting equity placements, the CFO takes the helm.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

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.” The enhanced integration aims to strengthen control and communication for both ends of the transaction.

B2B 46

B2B Accounts Payable Reconciliations Cash Management 46

Future CFO

AUGUST 2, 2020

The recent outbreak of coronavirus (COVID-19) has forced companies and finance teams to react quickly and effectively. Finance team need to act as business partners and be the interface between functions and other business areas. It poses greater challenges. The Excel+ philosophy has guided Jedox since our foundation.

Planning 40

Planning Reconciliations Budgeting Auditing 40

The Charity CFO

APRIL 29, 2022

We won’t deal with other types of nonprofit audits , like compliance audits or governmental audits, which can differ in certain respects. That means keeping your paperwork organized, staying current on your reconciliations, tracking restricted funds , and accurately recording all your expense and revenue transactions each month.

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

CFO News Room

NOVEMBER 2, 2022

Along with renewing their registration annually (for both SEC- and state-registered firms), firms face a variety of requirements related to their internal finances, fees, marketing activities, and advisor agreements depending on whether they are SEC- or state-registered. Compliance policies and procedures manual. Author: Chris Stanley.

Compliance 130

Compliance GAAP Investments Advertising 130

The Charity CFO

JANUARY 5, 2023

Sure, your mission should be a priority, but managing finances can’t be neglected either. Without a good grasp of your finances, your nonprofit risks: Exposure to fraud. Tax issues and non-compliance with regulatory requirements. Bring GAAP compliance. Collaboration issues. Collaboration issues. Get the free guide!

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

PYMNTS

JULY 2, 2020

In its report, the publication warned, “this should probably be a wake-up call to get into compliance immediately” for other payroll card solution providers and employers. Capital on Tap wields the commercial card to connect small and medium-sized businesses (SMBs) to financing. ADP Eyes Payroll Card Adoption Jump.

Compliance 83

Compliance Reconciliations B2B Banking 83

PYMNTS

AUGUST 21, 2019

Australian lender Westpac is partnering with business spend management (BSM) firm Coupa to help companies improve finance management on a cloud-based platform, Westpac said on Tuesday (Aug. The collaboration will deliver cost savings while automating inefficient tasks, facilitating risk reduction and improving compliance.

Benchmarking 48

Benchmarking Reconciliations Budgeting Compliance 48

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

JUNE 15, 2018

Auto bank reconciliation will also be available to SMEs. Financing is done through online and web platforms, with instant access to cash. Reuters noted the facility is backed by the African Guarantee Fund, which promotes the adoption of financing for SMEs. That’s up markedly from 69 in 2016, as estimated by that association.

Compliance 46

Compliance Reconciliations Invoicing Banking 46

Planful

MAY 25, 2017

Collaborating with Marketing has historically presented some unique challenges to Finance executives, the size and scope of which vary depending on your vertical and on the personalities involved. Just how easy it is to achieve often depends on your relationship with other leaders in your organization, like the COO, CRO, and CMO.

Finance 40

Finance Budgeting CFO Invoicing 40

PYMNTS

JULY 2, 2020

As companies reach their limits with other financing arrangements, migrating more spend to the commercial card can offer the added working capital flexibility to delay payment without preventing suppliers from accessing the funds they’re owed. “It’s also the ergonomics of it.

Economics 104

Economics Accounts Payable B2B Reconciliations 104

PYMNTS

SEPTEMBER 29, 2017

But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance. Compliance with domestic and international standards is considered a must,” Beaulande recently told PYMNTS. Staying Updated.

Treasury 56

Treasury Banking Compliance Risk Management 56

Bramasol

APRIL 15, 2024

In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC 2 ), along with a look at how new SAP AI initiatives are key to this transformation.

SAP 87

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 87

BlueLight

JULY 16, 2020

myStartUpCFO I recently spoke with finance leaders from a couple dozen startups. These businesses ranged from seed stage companies where the CEO was the finance leader to growth stage companies with an in-house CFO. At myStartUpCFO, we help our clients with all their finance and accounting needs?—?from

Startups 52

Startups CFO Reconciliations General Ledger 52

PYMNTS

MAY 26, 2016

In an announcement on Wednesday (May 25), Tipalti revealed the rollout of an expanded AP platform that introduces new features for users, including invoice management, supplier onboarding, payment and reconciliation services. ” The executive added that Tipalti’s new AP platform provides “unmatched automation.”

Accounts Payable 41

Accounts Payable Invoicing Reconciliations Compliance 41

PYMNTS

FEBRUARY 5, 2020

That information flow comes in on a real-time basis, rather than through the typical process of month-end reconciliation. At a high-level view, that changes the number of levers that can be pulled — from a finance perspective — around the working capital associated with AP. That starts to get expensive quickly,” he said.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

OCTOBER 26, 2018

For corporates, it’s the remittance detail of a transaction that supports settlement, reconciliation and enhanced data analytics for CFOs and treasurers to gain better insight and visibility into corporate finances. As markets enhance payment systems, transaction times are slashed.

Compliance 60

Compliance Reconciliations Banking Corporate Finance 60

Future CFO

AUGUST 19, 2021

Three quarters of C-suite executives believe that intelligent automation helped to augment their finance employees’ capabilities, according to results of a survey jointly done by the Institute of Singapore Chartered Accountants (ISCA) , AI Singapore and the National University of Singapore (NUS) Business School recently. Corporate strategy.

Accounts Payable 40

Accounts Payable Treasury Risk Management Finance 40

PYMNTS

APRIL 19, 2019

“‘They’re just there for bookkeeping, bank reconciliation and payroll — what do I need you for when I can just do that myself?’ A finance director. That’s particularly true when it comes to compliance and data security. ” Jones explained. A business growth manager. A virtual CFO.”

Accounting 61

Accounting Compliance Reconciliations CFO 61

PYMNTS

NOVEMBER 1, 2017

“Regardless of the reason, these methods can pose problems, including reduced spend visibility, making it difficult to both track and enforce policy compliance and to perform back office functions, such as reconciliation and reimbursement as well.”. procurement or finance) while another team actually executes on that contract (e.g.

Reconciliations 53

Reconciliations Invoicing Compliance Finance 53

PYMNTS

SEPTEMBER 23, 2019

While FinTechs are offering a greater variety of solutions to business users than ever before, corporate finance chiefs and treasurers still turn to their banks first to improve their B2B payments strategies. As financial institutions gather for this year’s Sibos conference kicking off in London today (Sept. Beyond the Payment.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

MARCH 30, 2017

According to Graham Tasman, principal at Grant Thornton’s Business Consulting and Technology practice, this balancing act creates opportunity for service providers of the corporate finance function. Instead, 45 percent of CFOs cited increasing cash flow as their top priority in the finance function.

CFO 51

CFO Strategic Planning Corporate Finance Risk Management 51

PYMNTS

MAY 13, 2020

By wielding Citi’s infrastructure to complete the transaction for The Boston Foundation and Bai, Flywire was able to ensure full compliance and quick transmission of SWIFT transaction data to the beneficiary bank in China. Since beginning the initiative, Citi and Flywire have facilitated about $2 million worth of transactions from the U.S.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

https://trustedcfosolutions.com/feed/

AUGUST 12, 2022

At its core, SOX compliance helps to ensure the accuracy of a company’s financial statements and protects the business from fraud, cyber-attacks, lawsuits, and more. The finance team has complete visibility into what step each transaction is in throughout the approvals process. For example, an administrator can.

Compliance 109

Compliance Reconciliations Auditing Securities 109