PYMNTS

DECEMBER 7, 2020

Connected to Adflex’s payment platform, suppliers can “send a payment link via email or SMS,” enabling buyers, in turn, “to settle invoices quickly and securely from any geography, encouraging timely reconciliation and reducing cash flow problems caused by late payments,” Bermingham wrote.

B2C 65

B2C Reconciliations B2B Invoicing 65

The Charity CFO

FEBRUARY 4, 2022

Create invoices for goods, services, and donations. Enter bills and vendor invoices. Prepare bank reconciliations. Let’s take a deeper look at the four key bookkeeping tasks: payroll, invoicing, expense allocation, and recording business transactions. . Invoicing . Record and classify payments and bank transfers .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

E78 Partners

SEPTEMBER 21, 2023

Implement Robust Documentation Procedures Maintaining organized records is paramount for any organization, necessitating a systematic approach to filing and ensuring easy access to crucial documents like financial statements, general ledgers, bank statements, and invoices.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

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

Bramasol

SEPTEMBER 12, 2022

Although the initial compliance phase for ASC 606 and IFRS 15 revenue recognition mandates is in the rear-view mirror for most companies, it's important to also keep a focus on the road ahead because optimization of overall RevRec processes across the enterprise will be key to ongoing success.

SAP 85

SAP IFRS Compliance Invoicing 85

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

Streamlines invoicing and payment processes help you get paid faster and reduce the time it takes to close out the month. Allows user-defined workflows to improve efficiency, compliance, and transparency, providing consistent audit trail visibility. Customize Your Chart of Accounts With Dimensions.

General Ledger 62

General Ledger Reconciliations Accounting Standards Auditing 62

PYMNTS

FEBRUARY 28, 2020

Purchase, invoice and transaction data are invaluable to the journey of digitization and automation, but organizations are increasingly recognizing that the value can only be realized if that data can integrate seamlessly across platforms. “This combination increases data accuracy, and shortens payment cycles.”

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

APRIL 10, 2019

Corporates’ biggest procure-to-pay challenges often center around the friction of streamlining data flows and the movement of money, from sourcing and purchase order submission to invoice payment and reconciliation. ” Electronic invoicing requirements are one example of markets’ heightening focus on tax compliance.

Compliance 55

Compliance Invoicing Auditing Accounts Payable 55

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

JULY 23, 2020

The goal is to provide a better user experience for invoicing and a reduced risk of fraud. GEP SMART is the cloud-processing program that helps go through millions of invoices per year, and by setting it aside, it could become the first step for many companies to digitize their processes — a popular move to make amid the new pandemic economy.

Accounts Payable 56

Accounts Payable Invoicing Reconciliations B2B 56

PYMNTS

APRIL 3, 2020

There is a lot to consider, said Manish Vrishaketu, chief operating officer at supplier payments automation firm Tipalti , from vendor onboarding processes to tax compliance across borders. ” From Onboarding to Compliance. . ” From Onboarding to Compliance.

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

PYMNTS

MARCH 4, 2020

“Native ERP reporting typically isn’t optimized to handle the structure of financial data, or many of the complex requirements like granular data, drill-downs, automated reconciliation and comparative reporting,” he said. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

DECEMBER 8, 2016

businesses are attracted to digital invoicing for a slew of financial benefits: faster, more efficient accounts payable and reconciliation processes, a reduction in the threat of errors due to manual data entry and ability to capture early payment discounts thanks to an accelerated invoice management process. In the U.S.,

Accounts Payable 64

Accounts Payable Invoicing Compliance Reconciliations 64

PYMNTS

FEBRUARY 5, 2020

As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy. That information flow comes in on a real-time basis, rather than through the typical process of month-end reconciliation.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

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 Risk Analysis B2B 67

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

PYMNTS

FEBRUARY 19, 2020

.” But it’s not enough for banks to simply collaborate with their tech partners to develop real-time payment apps for corporates: Shultz said banks must also participate in a collaborative ecosystem that promotes compliance by combating fraud and promotes ease of implementation to drive adoption. Who are they going to call?

Accounts Payable 114

Accounts Payable Invoicing Reconciliations B2B 114

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

CFO Talks

MARCH 20, 2024

Accounting Responsibilities: Both the CFO and Controller collaborate on overseeing the annual audit, ensuring thoroughness and compliance. The Controller is primarily responsible for the meticulous handling of accounts payable and receivable, including the timely payment of invoices and the collection of monies owed.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

PYMNTS

SEPTEMBER 20, 2018

Requirements around the recording of digital data — for instance, newer rules on Hours of Service records and electronic recording of drivers’ hours worked — have industry players adopting tools to maintain compliance. On-time invoice payments are “always a challenge,” Cook said.

Accounting 63

Accounting Invoicing Accounts Payable Transportation 63

CFO News Room

NOVEMBER 2, 2022

Chris Stanley is the Founding Principal of Beach Street Legal LLC, a law practice and compliance consultancy whose sole purpose is to help entrepreneurial investment advisers and financial planners succeed. Compliance policies and procedures manual. Author: Chris Stanley. Guest Contributor. Net capital worksheet. Surety bond.

Compliance 130

Compliance GAAP Investments Advertising 130

PYMNTS

MAY 22, 2018

Earlier this month, the company announced a new international invoicing service that can streamline the billing process for companies serving customers outside of their home countries. Flywire processes billions of dollars in payments around the world each year. For most companies, domestic billing is easy. Since June 2017, Flywire ’s U.K.

Reconciliations 52

Reconciliations Invoicing Education Compliance 52

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

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

PYMNTS

MAY 6, 2019

In addition, card payments require compliance with the Payment Card Industry Data Security Standard, which can be expensive to maintain. Push payments’ simplicity can also streamline reconciliation in B2B situations. Payment data is sent alongside push payments, however, providing more rapid reconciliation. .

B2C 44

B2C Reconciliations Invoicing Securities 44

PYMNTS

JUNE 15, 2018

The cost of technology has lessened, though, opening the door for SMEs to bring bits and bytes to supply chains – lessening reliance on manual processes and invoices of the paper kind, thus eliminating errors. Auto bank reconciliation will also be available to SMEs. And the trend is increasingly international in scope.

Compliance 46

Compliance Reconciliations Invoicing Banking 46

PYMNTS

NOVEMBER 1, 2017

“The persistence of non-corporate methods like cash, supplier invoices, personal cards or company cash advances may reflect the prevalence of infrequent and non-employee travel,” Sanchez explained. The report also uncovered a lack of visibility into company credit card use.

Reconciliations 53

Reconciliations Invoicing Compliance Finance 53

PYMNTS

JANUARY 19, 2017

Their partnership means companies can pay their subcontractors within invoice payment terms, while remaining compliant with the U.K. Construction Act compliance, enhancing financial visibility and building stronger relationships with the supply chain,” said Open ECX CEO Matthew Jones in a statement.

Construction 43

Construction B2B Reconciliations Invoicing 43

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

Bramasol

JUNE 30, 2023

For example, RPA processes handling repetitive and rule-based tasks, such as data entry, document processing, and invoice reconciliation can be guided by new, higher level AI insights and learning capabilities. Customer Experience and Personalization: AI enables businesses to deliver personalized experiences to their B2B customers.

SAP 78

SAP B2B Leverage Analyzing Data 78

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

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. Sometimes it’s the fact that maybe an invoice was short-paid. It could happen for a variety of reasons,” said Althaus.

B2B 43

B2B Marketing Compliance Invoicing 43

PYMNTS

SEPTEMBER 23, 2019

The standard, according to SWIFT’s financial crime compliance and sanctions strategy head Heather Lee, offers banks an “opportunity to build greater levels of trust across the banking community” and promote collaboration between those partners. Beyond the Payment.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

DECEMBER 5, 2019

For EedenBull, that means addressing a range of issues, including VAT return automation, cross-border compliance and wielding technology to allow businesses and employees make card payments by sitting in between a B2B transaction of invoice-to-payment — even when suppliers don’t accept cards.

Accounts Payable 52

Accounts Payable B2B Problem Solving Nonprofit 52

PYMNTS

DECEMBER 4, 2017

But, as Leavitt pointed out, that one payment could be for $5 million representing 5,000 different invoices, which might take two people two weeks to manually account for all line item details if an antiquated payment method is used. Automation also proves attractive against a backdrop of manual transaction processing and reconciliation.

B2B 40

B2B Invoicing Reconciliations Accounts Payable 40

PYMNTS

JULY 6, 2017

We deliver everything they need to move money directly into a consumer’s account — from processing, risk management, compliance, settlement, reconciliation and more — behind a simple API and SaaS platform,” said Edwards. Push payments that enable accelerated access to funds aren’t limited to consumer lending, either.

Risk Management 40

Risk Management Reconciliations Invoicing Compliance 40