CFO Leadership

OCTOBER 10, 2023

Many have since advanced to intelligent process automation (IPA) — RPA amplified with artificial intelligence (AI) — to streamline and improve more complex work, from tax and compliance reporting to financial statement reconciliation. 1] Robert Half and Protiviti are members of the Microsoft AI Cloud Partner Program.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

PYMNTS

FEBRUARY 5, 2020

In this week’s examination of the latest in commercial card innovation, PYMNTS uncovers how service providers are emphasizing how card technology can ease friction pre- and post-payment, from promoting employee spend compliance to streamlining supplier reconciliation. market, including Tide and Soldo. Leavitt explained.

Reconciliations 53

Reconciliations Accounts Payable B2B Compliance 53

PYMNTS

FEBRUARY 27, 2018

“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,” said GBTA Foundation Director of Research Monica Sanchez in a statement when the report was published.

B2B 41

B2B Marketing Accounts Payable Reconciliations 41

PYMNTS

FEBRUARY 20, 2020

The platform combines both incoming and outgoing payment capabilities with reporting and reconciliation that is industry specific. platform has a mission of helping insurers increase their customer retention while also helping them to draw down costs and handle compliance and security issues. The One Inc. founder and CEO.

Reconciliations 56

Reconciliations Compliance Leverage Securities 56

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. Yet, as supply chains expand across borders, a new burden has landed on procurement teams’ shoulders: compliance.

Compliance 55

Compliance Invoicing Auditing Accounts Payable 55

CFO News Room

NOVEMBER 30, 2022

And yet, despite the prominent role of taxes in financial planning, advisors are often prohibited by their compliance departments from making recommendations for a specific course of action on a certain tax strategy. Examples of tax advice involving the interpretation of tax rules could include: Applying existing tax rules in new ways.

Tax Planning 130

Tax Planning Compliance Planning Communication 130

PYMNTS

MARCH 27, 2019

Accounts payable (AP) automation company Tipalti is expanding its reach into the market by partnering with three new B2B companies, which will extend Tipalti’s solutions to their own customers. 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

OCTOBER 29, 2020

Digital payments have become commonplace for businesses and individuals alike, with the global payments market expected to be valued at $6.7 Compliance and privacy regulations aren’t necessarily getting easier — in many cases, [the process is] getting more complex, and it's also expensive,” Swanback said. trillion by 2023.

B2B 85

B2B Compliance Reconciliations Leverage 85

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. B2B payments market. “This combination increases data accuracy, and shortens payment cycles.”

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

DECEMBER 17, 2019

Paper checks are gradually shrinking their market share in the B2B payments landscape, yet the outdated payment tool remains in-use for up to 80 percent of businesses in the U.S., noted PYMNTS in a previous Faster Payments Tracker. Today, there are two key methods for how a company can address the pain point of checks. However, they persist.

B2B 52

B2B Reconciliations Compliance Accounting 52

Bramasol

JUNE 30, 2023

Artificial Intelligence Revolution Extends into B2B Although artificial intelligence applications such as machine learning (ML) and robotic process automation (RPA) already have been in wide usage for B2B (business-to-business) markets, the revolution spurred by new generative AI has added fuel to the enterprise adoption of artificial intelligence.

SAP 75

SAP B2B Leverage Analyzing Data 75

Future CFO

AUGUST 2, 2020

In some cases, entire industries are affected, supply chains are mixed up and sales markets are breaking down. At the same time, the disadvantages are unavoidable – prone to errors, time-consuming, lacking in modern data security & compliance standards, and often become simply unmaintainable over time. It poses greater challenges.

Planning 40

Planning Reconciliations Budgeting Auditing 40

The Finance Weekly

FEBRUARY 22, 2023

Entrepreneurs are typically smart engineers who have created a revolutionary product or creative marketing professionals who have identified an underserved customer base or a market need. An enterprising CFO takes responsibility for ensuring that heightened risk and compliance requirements do not impede the company's growth.

Startups 52

Startups Finance CFO Forecasting 52

The Finance Weekly

JANUARY 22, 2024

Certified Treasury Professional (CTP) This certification highlights expertise in treasury management, showcasing proficiency in cash processing, reconciliation, and financial statement analysis. Tips to Earn Big as a CFO How can ambitious CFOs create a successful career path and become highly valued in the market?

CFO 52

CFO Education Communication Leadership 52

PYMNTS

DECEMBER 10, 2019

And what a time it’s been, including for cross-border payments and the travel industry — the main subject of a fresh PYMNTS interview with Peter Butterfield, chief compliance officer at Flywire , which provides global payment services. The issues are roughly the same, though nuanced, depending on the market.

Reconciliations 55

Reconciliations Construction Compliance B2B 55

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

PYMNTS

AUGUST 1, 2019

expense management platform Sweep , professionals like gig workers, freelancers and the smallest of the SMBs are being left out of the T&E solutions market because they lack those resources. According to Billel Ridelle, founder and CEO of newly-launched U.K.

Reconciliations 60

Reconciliations Compliance B2B Banking 60

PYMNTS

AUGUST 16, 2019

To launch the solution, Revolut has also announced a partnership with small business cloud accounting company Xero , enabling joint customers to integrate expense data between the two platforms for seamless reconciliation.

Reconciliations 43

Reconciliations Compliance Accounting Banking 43

PYMNTS

JUNE 12, 2018

” In another statement, Limonetik Chairman and Co-founder Christophe Bourbier said the company will integrate payment acceptance, fund collection, account reconciliation and compliance services into the OroCommerce platform used by online suppliers.

B2B 53

B2B Reconciliations eCommerce Compliance 53

CFO Talks

MARCH 20, 2024

Without a CFO fully focused on the future and driving strategic financial planning, the company risks becoming stagnant, unable to adapt to changes in the market or capitalize on new opportunities. Accounting Responsibilities: Both the CFO and Controller collaborate on overseeing the annual audit, ensuring thoroughness and compliance.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

PYMNTS

MAY 13, 2020

While the pandemic has created unique circumstances of immeasurable strain and pressure on the global market, it’s also emboldened many to rise to the occasion and ensure business continues to flow with as little disruption as possible. to multiple vendors in China to facilitate PPE procurement.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

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. to drive financial models.

SAP 87

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

The Charity CFO

JANUARY 5, 2023

Tax issues and non-compliance with regulatory requirements. Expenses: Typical expenses include salaries & benefits, insurance, consultant fees, office fees, travel, professional development, utilities, marketing and advertising, program expenses, and fundraising expenses. Bring GAAP compliance. Collaboration issues.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

PYMNTS

JUNE 15, 2018

Auto bank reconciliation will also be available to SMEs. In the Middle East , RAK Bank has said it will offer Sage accounting software to business banking customers, in an agreement that helps those firms manage value-added tax (VAT) compliance mandates. Using technology would cut costs that come in tandem with anti-fraud efforts.

Compliance 46

Compliance Reconciliations Invoicing Banking 46

PYMNTS

NOVEMBER 19, 2020

The partnership supports Payment Canada's need for RTR to enable ISO 20022 messaging standards and remain in compliance with the Bank of Canada 's risk management standards for payment systems, an announcement revealed. As he discussed, banks must look beyond speed to find the value proposition.

B2B 104

B2B Reconciliations Risk Management Compliance 104

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?’ That’s particularly true when it comes to compliance and data security. “Customers are realizing, ‘What do I need an accountant for?'” ” Jones explained.

Accounting 61

Accounting Compliance Reconciliations CFO 61

PYMNTS

MAY 22, 2018

“When it comes to international billing, the process is far more complex, and if your invoicing does not make it easy for your international customers to pay you, it creates a domino effect of problems starting with extended DSO, high reconciliation costs, compliance issues and poor customer satisfaction.”.

Reconciliations 52

Reconciliations Invoicing Education Compliance 52

PYMNTS

AUGUST 16, 2016

China is a market that has any number of firms salivating for entry, with demographics and spending power proving to be almost irresistible lures. Reconciliation with the back office happens seamlessly, the companies said upon the announcement, and submission for reimbursement also is an option.

Transportation 40

Transportation Reconciliations Compliance Accounting 40

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

PYMNTS

FEBRUARY 5, 2020

That information flow comes in on a real-time basis, rather than through the typical process of month-end reconciliation. Automating the onboarding process — collecting data, and ensuring that 1099s and tax compliance are in place — is becoming especially critical in a regulatory environment that is growing more, not less, stringent.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

MAY 23, 2017

Sage and Cashplus are integrating each other’s data to launch a new Sage tool called Bank Feeds, which means joint customers of Sage solutions and Cashplus business accounts can automate and streamline bank reconciliation to ensure accounts and records are up to date and accurate. s digital tax initiative. “As

Banking 43

Banking Reconciliations Compliance Accounting 43

PYMNTS

MARCH 17, 2020

For traditional banks, FinTech collaboration and acquisitions provide the speed-to-market that is so vital today. Morgan innovations in cross-border payments and virtual bank branch offerings in markets like China and India. If I’m real-time on the front end, how do I think about back-end reconciliation?

Treasury 69

Treasury Reconciliations Banking Compliance 69

PYMNTS

AUGUST 27, 2019

However, there’s an area of B2B FinTech that appears to have left a gap in the market: While there are solutions for CPAs to better manage their clients’ funds, Dustin Hall, director of CPACharge at card processing company AffiniPay , says CPAs lack a seamless way to get paid from those customers.

Cash Flow Forecasting 60

Cash Flow Forecasting Accounting Standards Accounting Firms Reconciliations 60

PYMNTS

AUGUST 5, 2016

The market is on the cusp of a groundswell of adoption of these technologies, says Therese Tucker, CEO of accounting solutions firm BlackLine , after a long lull among mid-market firms. There is seemingly no end to the discussion of how automated accounting can improve a business’ performance. Take auditing for instance.

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

PYMNTS

NOVEMBER 7, 2019

salon and spa market today captures more than $200 billion in consumer spend, according to the U.S. Bureau of Labor Statistics, meaning “it’s a big enough market to justify an industry-specific platform.” As Danna explained, this market operates with two kinds of inventory: appointment slots and retail products.

Analyzing Data 41

Analyzing Data Benchmarking Reconciliations Technology 41

BlueLight

JULY 16, 2020

from taking care of their day-to-day bookkeeping, data entry, reconciliation, cash management, to building the three financial statements. I live in that middle area, those 2–4 years from when a startup has just started to when it has a firm product-market fit and really takes off. It’s a funny world I live in.

Startups 52

Startups CFO Reconciliations General Ledger 52

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.

Finance 52

Finance Auditing Invoicing Reconciliations 52