Future CFO

AUGUST 1, 2023

Supriya Deka: The general features of financial applications include accounting, reporting & analytics, bank reconciliation, billing & invoicing, asset management, budgeting & forecasting, financial risk management, expense tracking, and payroll management.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

JANUARY 19, 2021

NAB will add Eedenbull’s Q Business platform to its offering to help SMBs track and manage spend, as well as to automate compliance controls. Current account holders at ICICI Bank can now link their bank account data into AlignBooks software to automate data entry and streamline reconciliation. BNL Goes Live With Tink.

Banking 136

Banking Reconciliations Compliance Finance 136

Strategic Treasurer

APRIL 3, 2023

In this survey, treasury and finance professionals were asked questions on the following topics: Fraud Experience: Frequency of Attacks, Source of Attacks, and Method(s) of Attack Security Practices Employed (Both Human & Technological) Cyber Risk Management and Data Protection Policies Investments in Security & Fraud Prevention Technology (..)

Treasury 52

Treasury Reconciliations Education Risk Management 52

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

Allows user-defined workflows to improve efficiency, compliance, and transparency, providing consistent audit trail visibility. Accruals and reversals are automated, and entries are visible at all times, reducing the manual work needed for journal entries and reconciliations. Customize Your Chart of Accounts With Dimensions.

General Ledger 62

General Ledger Reconciliations Accounting Standards Auditing 62

PYMNTS

JULY 15, 2020

. “With a cashless, plastic-free payment offering, virtual cards are replacing legacy payment methods because they overcome many historic payment challenges, such as labor-intensive reconciliation, fraud exposure and limited data insight,” according to the release.

Reconciliations 75

Reconciliations Transportation Compliance Leverage 75

Future CFO

APRIL 18, 2022

Click on the link to download to discover in detail a list of the benefits that IBM Cognos Controller provide for finance teams: Data collection and validation Reconciliations Workflow and tasks to improve the close cycle Currency conversion Minority interest calculations Inter-company eliminations Group closing adjustments Management adjustments Allocations (..)

Finance 52

Finance IFRS GAAP Accounting Principles 52

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. Revenue Accounting for Next-Gen Scenarios.

SAP 85

SAP IFRS Compliance Invoicing 85

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

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

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

Future CFO

OCTOBER 1, 2023

However, the extensive number of parameters and connections used to create these outputs prevent any transparent reconciliation of the algorithm’s response. While generative AI’s output may appear human-like and compelling, the results may not always be accurate, unbiased, or reliable.

Leadership 52

Leadership Reconciliations Auditing Compliance 52

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

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

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

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

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. Pleo Makes a Commercial Card Shift. Leavitt explained.

Reconciliations 53

Reconciliations Accounts Payable B2B Compliance 53

CFO Talks

JANUARY 30, 2023

Increased automation of financial processes such as accounts payable, bank reconciliations, financial closes and reporting is freeing up the CFO’s time, enabling them to focus their energies on analysis and storytelling rather than crunching numbers.

Finance 52

Finance CFO Accounts Payable Forecasting 52

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

Future CFO

FEBRUARY 15, 2021

Using commercial cards in conjunction with SAP Concur solutions for corporate travel booking, expense management and invoice processing will help to speed up reconciliation and payments while strengthening cost controls and improving compliance, Mastercard pointed out.

SAP 40

SAP Invoicing Reconciliations Compliance 40

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.

SAP 90

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 90

Future CFO

SEPTEMBER 26, 2022

Autonomous finance yields augmented real-time insights, effortless compliance, and greater flexibility in financial strategy, the firm noted. For example, an automated accounting close has a bot perform reconciliations and sends exceptions and errors to a human for adjudication.

Finance 52

Finance General Ledger Reconciliations Auditing 52

The Charity CFO

APRIL 29, 2022

We won’t deal with other types of nonprofit audits , like compliance audits or governmental audits, which can differ in certain respects. That means keeping your paperwork organized, staying current on your reconciliations, tracking restricted funds , and accurately recording all your expense and revenue transactions each month.

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

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

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

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

JUNE 1, 2020

The teams of EY will tap into the software technology of GTKonnect, which covers a number of areas with the inclusion of free trade agreements, import/export compliance, country of origin, master data management, foreign trade zones and tariff classification as well as reconciliation.

Reconciliations 52

Reconciliations Data Analysis Compliance Accounting Firms 52

PYMNTS

OCTOBER 29, 2020

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. Automating things like reconciliations.[and] FIs must also ensure that the transaction is compliant with regulatory requirements.

B2B 85

B2B Compliance Reconciliations Leverage 85

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

JULY 23, 2020

By using the new solution, companies will be able to scale operations to offer automated invoicing and reconciliation, global tax and regulatory compliance and better fraud controls, the release stated.

Accounts Payable 56

Accounts Payable Invoicing Reconciliations B2B 56

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. ” There is also the growing risk of tax compliance, as markets like Europe and Latin America move to capture greater tax revenues.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

JULY 2, 2020

In its report, the publication warned, “this should probably be a wake-up call to get into compliance immediately” for other payroll card solution providers and employers. The partnership also takes advantage of Capital on Tap’s Xero integration to further promote transaction reconciliation, the firms noted.

Compliance 83

Compliance Reconciliations B2B Banking 83

The Charity CFO

FEBRUARY 4, 2022

Prepare bank reconciliations. On top of that, nonprofit bookkeeping requires staying updated on income tax changes and filing requirements to ensure compliance. . Efficiency, transparency, and compliance are the hallmarks of an organization with effective bookkeeping. . Record and classify payments and bank transfers .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

CFO Share

MARCH 14, 2022

Audited financial statements focus on compliance with GAAP accounting standards, whereas Quality of Earnings reports focus on the company’s earnings history and potential. Reviews of account reconciliations, account aging, and composition. What is the difference between a quality of earnings report and an audit?

Auditing 52

Auditing GAAP Accounting Principles Profit and Loss 52

CFO Talks

MARCH 20, 2024

Accounting Responsibilities: Both the CFO and Controller collaborate on overseeing the annual audit, ensuring thoroughness and compliance. The completion of bank reconciliations and management reports falls under the Controller’s purview, who also prepares and issues financial statements.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

PYMNTS

DECEMBER 17, 2019

They can adopt technology to automate various aspects of checks, from printing to generation to submission and, on the accounts receivable side, processing and reconciliation. Today, there are two key methods for how a company can address the pain point of checks. However, they persist. Among the largest, said McKee, is cost.

B2B 52

B2B Reconciliations Compliance Accounting 52

PYMNTS

FEBRUARY 18, 2020

FIs and PSPs in Europe are particularly interested in robust fraud-busting technologies for SCA compliance, which is mandated under PSD2. Requiring multifactor authentication (MFA) could add frictions to companies’ payment systems and customer experiences, but such tools are necessary to enable smart authentication and compliance decisions.

Foreign Exchange 52

Foreign Exchange Reconciliations Compliance Banking 52

PYMNTS

AUGUST 1, 2019

is facing heightened compliance burdens that similarly force administrative, manual tasks on professionals that need that time to focus on their businesses. On top of that administrative burden, the growing gig worker population in the U.K. He noted that this is another challenge for the smallest of the small businesses.

Reconciliations 60

Reconciliations Compliance B2B Banking 60