PYMNTS

AUGUST 21, 2019

As he told PYMNTS, those steps include manual sorting of invoices, sales orders and supporting documents – and, more importantly, the manual entry of data from these documents. But they still need to be processed as a paper invoice.” But, as he noted, procure-to-pay processes involve manual labor across several steps.

Accounts Payable

PYMNTS

OCTOBER 17, 2016

According to the report, providers of outsourced procurement solutions are turning to robotic process automation technology to meet cost reduction needs, while remaining vigilant on invoice management and fraud prevention. Analytics, similarly, support cost savings and minimize risks for corporate clients, the report added. 78% of U.S.

Technology

PYMNTS

SEPTEMBER 17, 2020

"Bad habits of saving important documents any old place, and assuming you and coworkers can easily find them later, rarely flies in industries where compliance is key.". Take the electronic invoice, for example. There's a myth that a paperless office means a complete ban on paper," he said.

Accounts Payable

PYMNTS

JANUARY 18, 2019

Unlike B2C eCommerce, B2B transactions require heightened visibility within supply chains — the ability to move large sums of money at set times, generation and management of invoices, purchase orders, payment contracts and more.

B2B

Global Finance

OCTOBER 11, 2024

million small-business clients, the bank broadened its suite of payment acceptance offerings, including invoicing and a tap-to-pay option allowing merchants to accept card payments via their mobile devices. Throughout 2023, JPMorgan Chase raised $2.3 A Rocky Road The world dodged a global recession in 2023 as global output growth shrank to 3.3%

Banking

Future CFO

JANUARY 22, 2024

Modern accounting software integrates seamlessly with diverse financial systems, automating tasks such as data entry, bank reconciliation, and invoice processing. Real-time Data Insights The advent of cloud-based accounting solutions has turned real-time financial data availability into a reality for businesses of all sizes.

Accounting

PYMNTS

JUNE 18, 2019

“Data is scattered across supplier-relationship applications, ERP systems, financial systems and into production,” he explained. Deals can be made, money can flow faster, and organizations can promote compliance and ethical operations by having transparent supply chains.

Compliance

PYMNTS

FEBRUARY 7, 2018

Artificial intelligence (AI) is finding success in the back office, and that includes in financial systems and accounting departments. One of the most dramatic ways is in the area of compliance and liability: If a machine makes the wrong call, who’s to blame? Financial executives aren’t ignoring this trend either.

Invoicing

CFO Plans

AUGUST 9, 2024

Modern businesses need comprehensive financial strategies that ensure compliance, drive growth, and improve efficiency. Discover how CFO Plans can transform your financial management and set your business on the path to success.

Accounting

CFO Thought Leader

OCTOBER 6, 2024

But, recently, we have found that the CFO and the CIO now recognize that they need to work more closely together to drive greater investment in the modernization of financial systems. Things have changed. Because of COVID, people are more spread out. ” We help finance pros big and small to deal with this.

CFO

PYMNTS

APRIL 12, 2016

Nonprofits can face greater pressure than their for-profit peers when it comes to compliance. Because virtual cards are just that — virtual — they automate the payment and reconciliation processes, connecting payment data directly into financial systems.

Nonprofit

Global Finance

SEPTEMBER 5, 2024

Other technological innovations from these labs address everything from improving anti-money laundering (AML) compliance and easing underwriting processes to speeding up customer onboarding and improving cash management for small and midsize enterprise (SME) clients. One innovation that arose from the lab was Financial Manager Ailos 360°.

Startups

PYMNTS

OCTOBER 8, 2018

Banks have earned the trust of people and businesses because they keep the money stored within them safe and keep the integrity of our financial system intact. Without moving the right data with the payment, it’s impossible to reconcile payments with outstanding invoices efficiently. They do that very well.

B2B