CFO Leadership

APRIL 2, 2024

Key areas to consider implementing software to automate processes include billing and invoicing, budgeting and forecasting, accounts payable, accounts receivable, and close management. With the right technology in place, companies can lessen the accounting staffing needed, without sacrificing accuracy or compliance.

Accounting 52

Accounting Compliance Accounts Payable Budgeting 52

Bramasol

MARCH 31, 2023

According to SAP's high-tech industry executive Patrick Maroney , " Offering a usage- or subscription-based solution entails a fundamental change in your business model, whereby there is synchronization and native integration between commerce, configuration, pricing, quotation, finance, supply chain, billing/invoicing and entitlement management. "

SAP 84

SAP Compliance Invoicing B2C 84

PYMNTS

MARCH 8, 2020

The improvements will be in the fields of cash flow forecasting, payments, late payments, administration and payroll compliance. QuickBooks ’ new cash flow forecasting feature, the company said, will lend business owners 30- and 90-day forecasts for cash flow, using data held within their accounts.

Cash Flow Forecasting 73

Cash Flow Forecasting Forecasting Invoicing Compliance 73

Bramasol

OCTOBER 31, 2023

Augmented in recent years by our additional specialization in SAP Quote-to-Cash solutions, Bramasol now offers a unique approach for integrating both frontend customer-facing processes and backend compliance processes within a unified approach that can adapt and scale to virtually any requirements.

SAP 65

SAP IFRS Compliance Construction 65

The Charity CFO

MAY 19, 2023

In a previous article, we discussed the benefits, risks, and compliance requirements of outsourcing bookkeeping for nonprofit organizations. Not only does it fulfill compliance requirements, but it also plays a crucial role in achieving the organization’s mission.

Cash Management 52

Cash Management Nonprofit Compliance Budgeting 52

Bramasol

OCTOBER 31, 2023

Augmented in recent years by our additional specialization in SAP Quote-to-Cash solutions, Bramasol now offers a unique approach for integrating both frontend customer-facing processes and backend compliance processes within a unified approach that can adapt and scale to virtually any requirements.

SAP 52

SAP IFRS Compliance Construction 52

Bramasol

FEBRUARY 13, 2023

Long-term contracts: With many SaaS customers committing to long-term contracts that include usage, entitlements and other rights, it can be difficult to track and support actual consumption while assuring accounting compliance.

SAP 77

SAP Compliance Leverage Accounting Standards 77

CFO Simplified

DECEMBER 12, 2021

Cash flow forecasting. In publicly traded companies, the CFO is also responsible for the company’s compliance with Securities and Exchange Commission (SEC) rules and regulations. Accounting teams are responsible for: Invoicing. Recording and paying accounts payable invoices. Budgeting and forecasting.

Accounting 52

Accounting Finance Cash Flow Forecasting CFO 52

Spreadym

MAY 26, 2023

Forecasting and scenario analysis: Budgeting software often includes forecasting tools that help users project their future financial situation based on historical data and planned income and expenses. It offers flexible budget creation, real-time monitoring, forecasting, and variance analysis.

Budgeting 52

Budgeting Forecasting Financial Modeling SAP 52

Future CFO

DECEMBER 17, 2023

For the upcoming year, AI is the connecting thread among SAP Concur executives’ predictions, the firm said, adding that AI is changing how all business is conducted, and travel, expense, and invoice (TEI) management is no exception. Exceptions will trigger AI-driven, automated audits to ensure compliance.

SAP 52

SAP Finance Budgeting Data Analysis 52

Bramasol

JULY 31, 2023

In order to take these bundling scenarios to an optimal level, medical equipment makers need to leverage more integrated solutions that bring all the backend processes together in a seamless end-to-end environment that meshes with compliance and reporting mandates.

Accounting 75

Accounting SAP GAAP IFRS 75

Bramasol

MAY 31, 2023

We also met with many forward-looking companies seeking to accelerate their digital transformation roadmaps, launch new Digital Solutions Economy™ offerings, and/or optimize their compliance programs. along with ERP, finance, and revenue recognition functions within the overall SAP ecosystem.

SAP 76

SAP Compliance Transportation Leverage 76

PYMNTS

MARCH 21, 2019

For many companies, the accounts payable (AP) process is mired in paper, but technology, properly deployed, can cut down the paper chase, streamlining the journey between getting invoices and paying them. Such initiatives should drive eInvoicing, he said, with integration to state-owned hubs through which invoices must be validated.

Accounts Payable 48

Accounts Payable Invoicing Compliance SAP 48

PYMNTS

MARCH 4, 2020

Similar challenges have emerged in the traditional ERP’s ability to meet modern financial planning, cash flow forecasting, and risk analytics needs, he added. For example, he pointed to multinational corporates’ need for tax provisioning and transfer pricing solutions to promote efficiency and compliance across borders.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

DECEMBER 14, 2016

In one recent instance, Nipendo, which offers a supplier collaboration platform across the cloud, debuted recent enhancements via separate modules to its existing technology, allowing for production forecasts to be shared across stakeholders — in effect, giving suppliers an idea of what’s coming down the pike.

Communication 70

Communication Invoicing Manufacturing Compliance 70

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

Bramasol

FEBRUARY 9, 2024

As this blog series continues to explore optimizing quote-to-cash (QTC) to compliance for different industries, in this episode we dive into the special challenges faced by companies in the telecom sector and address how solutions in the SAP portfolio help overcome them.

SAP 91

SAP Compliance Invoicing Leverage 91

Future CFO

NOVEMBER 5, 2019

The technology also leaves a positive impact on the audit process because the technology can create clear audit trails which makes it easier to meet compliance obligations, Johnston noted. 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

The CFO College

AUGUST 31, 2021

If the startup is already operating, have your clients invoice customers as soon as possible. Using a rolling cash forecast is a value-add service you can provide to assist in cash forecasting. A rolling cash forecast will normally look forward 6 or 9 months, and each month the oldest month is removed and a new month added.

Startups 81

Startups Accounting General Ledger Forecasting 81

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.”

B2B 46

B2B Accounts Payable Reconciliations Cash Management 46

Future CFO

APRIL 4, 2023

This involves activities within the source to pay such as invoice processing and payment as well as month-end reporting and reconciliation work. The next stage of expansion involves more value-add activities by the Finance team such as budgeting and forecasting, credit management & collections, tax compliance and FP&A.

Finance 52

Finance Reconciliations Invoicing Budgeting 52

PYMNTS

JULY 2, 2020

Firms might already be using their cards for corporate travel spend or micropayments, but may rarely use the payment tool to settle supplier invoices. “It’s about expanding that mindset to being able to use a commercial card to pay all suppliers, large and small,” he said. “It’s also the ergonomics of it.

Economics 104

Economics Accounts Payable B2B Reconciliations 104

The Finance Weekly

MARCH 5, 2024

Chargebee complements these by offering a versatile billing platform that automates invoicing, subscriptions, and revenue recognition. They facilitate more accurate forecasting, budgeting, and scenario planning, enabling finance teams to make informed decisions swiftly and with greater precision.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Leverage Cash Management 52

Future CFO

APRIL 21, 2021

Manual AP invoicing has been outdated and inefficient for years now, so when business across the globe encountered significant disruptions, companies with digital transformation still on their to-do lists felt the impact on their operations far more than those already using automation. Eliminating manual processes.

Accounts Payable 40

Accounts Payable Accounting Invoicing Finance 40

Bramasol

JUNE 30, 2023

By analyzing large volumes of data and identifying patterns and trends, AI systems offers valuable insights for market analysis, customer segmentation, demand forecasting, and strategic planning. Smart Process Automation: AI-powered automation can streamline and optimize various B2B processes, leading to increased efficiency and cost savings.

SAP 76

SAP B2B Leverage Analyzing Data 76

PYMNTS

FEBRUARY 28, 2020

Yet, the burden of financial management, from tedious data entry to compliance challenges, is a nonnegotiable part of starting a small business (SMB). As Daher explained, the product connects small business owners to services like budgeting and forecasting, financial metrics and analytics, and producing a pitch deck for an investor meeting.

Cash Flow Forecasting 61

Cash Flow Forecasting Accounts Payable B2B Budgeting 61

PYMNTS

JULY 29, 2016

According to Technavio, the need to cut costs in the procurement process, modernizing indirect procurement processes, managing risk and automation are behind the forecasted 15.77 Corporations are also prioritizing risk management within their P2P functions, researchers said, with the enterprise tasked with maintaining compliance.

Prioritization 41

Prioritization Invoicing Risk Management Compliance 41

PYMNTS

JULY 31, 2019

In addition, cash flow and capital needs can be volatile as businesses expand, especially on the supplier side, and executives are unable to forecast that far into the future. They may just not be big enough for [lenders] to really have paid attention to them, because they only need short-term capital.”.

Accounts Payable 69

Accounts Payable Invoicing Finance Compliance 69

Onplan

DECEMBER 16, 2021

With that in mind, here are some of the most important functions of an accounting team a CFO needs to keep an eye on: Creating financial statements Financial reporting Payroll Customer Invoicing Vendor/employee payments Entity taxes Compliance.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance CFO Forecasting 52

Onplan

DECEMBER 16, 2021

With that in mind, here are some of the most important functions of an accounting team a CFO needs to keep an eye on: Creating financial statements Financial reporting Payroll Customer Invoicing Vendor/employee payments Entity taxes Compliance.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance CFO Forecasting 52

Future CFO

OCTOBER 19, 2021

Gartner forecasts that global spending on security and risk management will exceed US$150 billion in 2021 adding cloud adoption and remote working to the mix of reasons for the spend. They can also explore the option of cyber insurance to protect the company’s assets from subsequent compliance penalties and settlement costs.

Securities 52

Securities CFO Risk Management Finance 52

PYMNTS

MAY 11, 2018

A 2014 survey from treasury management software company Kyriba found that 65 percent of corporate treasurers say they are challenged by a lack of visibility into cash forecasting data inputs, making it their largest forecasting challenge. That complexity has corporates missing out on money.

Accounts Payable 40

Accounts Payable Treasury SAP Forecasting 40

Planful

MAY 25, 2017

These systems can also support regular reporting and analysis of actual spending against budgets and plans, and they can support rolling forecasts of spending in future periods. For example, when you get an invoice from a digital advertising agency, you assign that cost to an advertising GL account.

Finance 40

Finance Budgeting CFO Invoicing 40

PYMNTS

DECEMBER 18, 2018

“The accounting profession is rapidly transitioning from compliance to trusted advisor ,” he said in a recent interview, “and these tools will allow them to develop foresight with the client, rather than reporting only on what has happened after the fact — hindsight.”

Accounting 53

Accounting Technology Finance Invoicing 53

Strategic Treasurer

JANUARY 3, 2022

As well as, you know, cash flow forecasting tools that are specialized really in the space or even I think, you know, data lakes, in house DI solutions will be big topics in 2022 as well. When you talked about cash flow forecasts and data lakes, I’m almost thinking in my head that’s a separate one from the other.

Treasury 52

Treasury Cash Flow Forecasting Forecasting Banking 52

CFO Leadership

JANUARY 5, 2024

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. Organizations can’t create forecasts or chart scenarios for the business without an accurate view into their cash position.

CFO 97

CFO Invoicing Leadership Cash Management 97

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. After aggregating and validating your forecasting data, you can choose between a tabular data presentation or a visual dashboard for sharing insights with stakeholders.

Financial Planning and Analysis (FP&A) 52

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