Future CFO

JANUARY 22, 2024

The accounting industry is undergoing profound transformation due to rapid technological advancements across all sectors in the market. Modern accounting software integrates seamlessly with diverse financial systems, automating tasks such as data entry, bank reconciliation, and invoice processing.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

CFO Leadership

APRIL 2, 2024

Lessen the workload with technology Many accountants spend a large portion of their time doing basic, repetitive tasks rather than more strategic financial analysis. 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

PYMNTS

MAY 10, 2016

The financial services industry gets hit with more fraudulent invoices than any other industry, found a recent report from eInvoicing firm Tungsten Network. But Tungsten Head of Compliance Lucy Ashdown offered her take on the company’s research to discuss why FinServ firms might be seeing more invoice fraud than other industries.

Invoicing 40

Invoicing Compliance Securities Education 40

PYMNTS

JANUARY 24, 2021

One facet of helping with compliance is the automatic recording of journal entries. Software such as Cygnet Infotech’s FACE is becoming increasingly important as governments require electronic invoicing, sometimes called elnvoicing, to combat tax fraud. At least at first, the regulations place requirements only on larger companies.

Accounting 71

Accounting Compliance Invoicing Currencies 71

PYMNTS

APRIL 7, 2017

Compliance is not just about dealing with a specific corporate action or use case. When payments are involved, compliance is a way of life, as constant as the transactions themselves, and it is complex enough an activity for some firms as to demand outsourcing to experts. She noted that WePay exists “behind the scenes.…

Compliance 40

Compliance Invoicing Marketing Numbers 40

PYMNTS

AUGUST 17, 2018

Since automation technologies have taken some of the burden of monotonous activities away from accountants, the profession has exchanged some of its anxiety about robots replacing their jobs with support for enhanced functionality and efficiency — though, not entirely. “This is such new territory for everyone.”

Compliance 44

Compliance Accounting Accounts Payable Invoicing 44

PYMNTS

JUNE 7, 2018

It’s not enough to be very good at one element of the business – firms have to be good at operational functions, risk management, capital management, compliance and product to keep from being dragged down by bad loan performance. BlueVine’s only other product, invoice factoring, targets much larger businesses. Who They Serve.

Invoicing 49

Invoicing Data Analysis Credit Risk Risk Management 49

PYMNTS

NOVEMBER 13, 2020

Despite a growing community of FinTech solutions geared toward the industry, managing invoices and B2B payments remains a challenge. In an effort to overcome this point of friction, alcohol industry solutions provider Fintech and eInvoicing technology firm AccountsFlow recently announced a partnership. Managing The Invoice.

B2B 87

B2B Invoicing Retail Compliance 87

PYMNTS

APRIL 29, 2020

Trade finance technology firm Surecomp is expanding its capabilities for developers and lenders, launching an API dubbed APIsure. The result of open banking standards, the technology aims to integrate real-time processing of bank guarantees and letters of credit for banks that provide trade finance. FAB Teams Up For Digital Invoicing.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

The Charity CFO

MARCH 27, 2024

Specifically, nonprofit leaders should consider these factors when looking for software: Requirements for fund accounting Staying in compliance with reporting and filing Fund Accounting Requirements Fund accounting is an accounting system used by nonprofits that focuses on transparency and accountability rather than profits.

Nonprofit 40

Nonprofit Accounts Payable Compliance Invoicing 40

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

PYMNTS

DECEMBER 23, 2019

Payments messaging technology provider SWIFT recently opened up its Know Your Customer (KYC) platform, the KYC Registry , directly to corporates. Twenty-one procurement service organizations have been targeted by fraudsters , according to a new report from security firm Anomali and its Threat Research team.

Invoicing 52

Invoicing Compliance Securities Banking 52

The Charity CFO

APRIL 1, 2024

Implementing technology into your nonprofit accounting process can help solve a variety of issues—from tracking receipts to properly recording donations. In most cases, technology helps improve the efficiency and accuracy of nonprofit accounting. You’ll need to use the right technology systems to get these benefits.

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

PYMNTS

JUNE 6, 2018

It’s not enough to be very good at one element of the business – firms have to be good at operational functions, risk management, capital management, compliance and productto keep from being dragged down by bad loan performance. Blue Vine’s only other product, invoice factoring, touch businesses much larger. Who They Serve.

Invoicing 40

Invoicing Data Analysis Credit Risk Risk Management 40

Future CFO

OCTOBER 21, 2021

85% - Accounts payable automation 84% - Transaction processing 83% - Bank statement processing 83% - Document security management 82% - Invoice processing automation 78% - Onboarding 78% - Other 77% - Digital mailroom automation 77% - Claims processing .

Accounts Payable 59

Accounts Payable Data Analysis Invoicing Compliance 59

CFO Simplified

MARCH 11, 2024

Client Satisfaction: Law firms rely heavily on client satisfaction for not only repeat business and referrals, but also for collection of invoices that they’ve sent out. And just as important is that assuring the satisfaction of a client is critical to assuring that their invoices are going to be paid.

Profit and Loss 52

Profit and Loss CFO Risk Management Invoicing 52

PYMNTS

DECEMBER 7, 2020

Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. Through 100 percent invoice integration, the service boasts improvements to savings, and offers a compliance audit feature that can help vendors cut spending.

B2B 63

B2B Finance Practice Management Invoicing 63

PYMNTS

SEPTEMBER 17, 2020

Whether that's a lack of security if a piece of paper falls into the wrong hands, or simply the pain of having to manually store a document or capture its data, paper is far from the most efficient way to do business. Take the electronic invoice, for example. Technology Plays Catch-Up. A (Digital) Document Deluge.

Accounts Payable 63

Accounts Payable Compliance Invoicing Finance 63

PYMNTS

DECEMBER 12, 2019

The partnership will combine Yooz’s paperless accounts payable technology with the Microsoft Azure cloud system to help companies automate their accounting processes and increase efficiency. “By Whatever their size, our ambition is to provide them with solutions that are ever more innovative and effective on a daily basis.

Accounts Payable 60

Accounts Payable Compliance Invoicing Accounting 60

PYMNTS

JULY 7, 2020

The Peoples Community Bank is broadening its existing relationship with banking technology provider Finastra , the firms revealed this week in a press release , with the financial institution (FI) looking to accelerate its own innovation and product rollouts. Finastra Chosen by Community FI. payment schemes. Faster Payments scheme.

Banking 96

Banking Accounts Payable Treasury Finance 96

PYMNTS

OCTOBER 27, 2016

Blockchain technology could have major implications for B2B payments, and some of the top use cases for distributed ledger include cross-border payments and smart contracts. The use of blockchain for payment certification enables a new level of security in trade finance and other B2B payments that can be plagued by fraud. ”

B2B 75

B2B Auditing Invoicing Compliance 75

Boston Startup CFO

APRIL 3, 2023

This includes managing invoices, receipts, and payments, as well as reconciling bank statements. Additionally, you open yourself up to compliance and audit issues, and you’ll potentially decrease your chances of securing funding and financing.

Accounting 52

Accounting Accounting Principles GAAP Compliance 52

PYMNTS

APRIL 3, 2020

Accounts payable (AP) automation technology presents an obvious benefit to companies of all sizes and industries to boost efficiency and strategize vendor payments. ” From Onboarding to Compliance. A Payments Balancing Act. “We started out with spreadsheets just like everybody else,” he said.

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

PYMNTS

JUNE 30, 2020

People have had to find other alternatives for sending money back home or for their businesses to pay [paper] invoices abroad,” he noted. “A That includes uploading documents, scanning documents with a phone, or even using biometrics or OCR (optical character recognition) technologies. You want to make sure to do it correctly.”.

Invoicing 101

Invoicing Compliance Banking Technology 101

PYMNTS

DECEMBER 11, 2019

“These banks don’t necessarily have all the tools and technology” that market players need. Orders are placed and shipped, and a paper invoice is generated, with retailers using legacy payment strategies to settle those bills. Technology From The Get-Go. Translating Consumer Cash To Supplier Payment.

B2B 52

B2B Invoicing Accounts Payable Compliance 52

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.

General Ledger 62

General Ledger Reconciliations Accounting Standards Auditing 62

PYMNTS

DECEMBER 11, 2020

Procurement Partners , a procure-to-pay technology provider designed for the healthcare industry, did not disclose how much it raised from Serent Capital when it announced the growth investment. The company supports the full purchasing cycle with invoice integration and compliance auditing capabilities. Procurement Partners.

B2B 77

B2B eCommerce Banking Healthcare 77

PYMNTS

MARCH 11, 2020

While QuickBooks is piloting card payments on invoices powered by PayPal , Airwallex is readying the launch of its own corporate card — both physical and virtual — designed to enable cross-border payments. B2B FinTechs are once again showing off the versatility of the corporate card. Airwallex Readies B2B X-Border Card.

B2B 52

B2B Invoicing Startups Compliance 52

Future CFO

DECEMBER 11, 2023

Suppliers can embed real-time payment instructions in customer communications to simplify invoice processing. Villanueva attributed this to the convenience, transparency, and security of the process. The common question that comes to mind for the regular consumers: ‘How secure is my money or my funds inside this app?’”

Banking 98

Banking Finance CFO Leverage 98

E78 Partners

MARCH 23, 2023

Often, you find yourself wearing multiple hats – managing cash flow, budgets, compliance, and more. If you find that you and your employees are spending an inordinate amount of time on financial tasks – such as bookkeeping, invoicing, and managing payroll – it may be time to outsource your finance and accounting services.

Accounting 52

Accounting Finance Budgeting Securities 52

PYMNTS

NOVEMBER 12, 2019

But corporate payers are not the only entities in charge of driving adoption of AP automation technologies. Suppliers continue to play an important role in AP technology adoption, with service providers realizing that in order for companies to be able to pay electronically, suppliers must accept electronic payments. billion valuation.

Accounts Payable 49

Accounts Payable Invoicing B2B Valuation 49

PYMNTS

AUGUST 14, 2019

Corporates have a lot on their plate when it comes to digitization, cloud migration, data security and overcoming silos between back-office platforms opens a world of opportunities for businesses to boost efficiency and improve bottom lines — but it’s no easy mountain to climb. Some of them are skeptical,” he said.

Invoicing 45

Invoicing Accounts Payable Education Compliance 45

PYMNTS

JANUARY 22, 2020

Given this, Accenture Procurement asked our internal IT and Accenture Technology blockchain organizations for a solution.”. By giving control and possession of data to the true owner, the supplier, the True Supplier Marketplace decreases onboarding time, improves compliance and facilitates the journey to touchless source-to-pay processing.

Manufacturing 52

Manufacturing Invoicing Compliance Securities 52

PYMNTS

NOVEMBER 2, 2018

As legal cannabis spreads, the industry is a big opportunity for FinTech, as industry players struggle to manage intense compliance requirements and limited access to traditional financial services. based B2B software-as-a-service and data solutions provider focusing on supporting corporates’ compliance and anti-fraud efforts.

B2B 75

B2B Startups Investments Compliance 75

PYMNTS

MAY 13, 2020

to China within only a few hours in order to secure a PPE shipment for healthcare providers. She and a group of volunteers are working to facilitate the procurement of PPE from that distributor for Boston-area hospitals, and so far have secured 1.4 The ability to quickly, securely and efficiently move funds within a day from the U.S.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

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

E78 Partners

JUNE 2, 2023

This statistic underscores the significance of strategic spend management, even within technologically advanced resources. Mitigation of Financial Risks: Spend management helps CFOs minimize financial risks like overspending, non-compliance, and fraud. This control fosters financial discipline and informs strategic decisions.

Auditing 52

Auditing Vendor Management Leverage Leadership 52