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

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

OCTOBER 29, 2020

Customers expect payments to be as fast and friction-free as any other part of their digital lives, and providers are faced with the challenge of meeting this expectation while also ensuring that payments are secure and compliant with regulatory requirements. Delivering on those expectations can be a double-edged sword, however.

B2B 85

B2B Compliance Reconciliations Leverage 85

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. . ” From Onboarding to Compliance. A Payments Balancing Act.

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

PYMNTS

FEBRUARY 18, 2020

This creates new security challenges as firms must learn to centrally manage their fraud protection methods while also gauging threats across many different channels. FIs and PSPs in Europe are particularly interested in robust fraud-busting technologies for SCA compliance, which is mandated under PSD2.

Foreign Exchange 52

Foreign Exchange Reconciliations Compliance Banking 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. If we can solve problems with technology, then checks will go away,” said McKee. However, they persist. ACH’s Embedded Frictions. ACH’s B2B Future.

B2B 52

B2B Reconciliations Compliance Accounting 52

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

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?'” In the U.K.,

Accounting 61

Accounting Compliance Reconciliations CFO 61

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

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

Future CFO

MAY 15, 2022

A secure e-invoicing network that links a global ecosystem of business entities can come in handy. If large buyers of goods and services, such as the US, China and Japan were to further join the network, more companies will come on board and the system’s security and efficiency benefits can be extended to many more parties.

Invoicing 52

Invoicing Accounts Payable SAP Finance 52

The Finance Weekly

FEBRUARY 22, 2023

Hence, the CFO must be able to , narrate the financial story that complements the company's vision, strategy, and product offerings to secure and retain investors. 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

PYMNTS

JUNE 19, 2019

Strategic sourcing, data integrations with ERP and accounting platforms, digital catalogues, spend analytics and other technologies are tackling a historically paper-ridden, monotonous process in the corporate procurement department. Blockchain, too, shows promise in promoting security and speed in the B2B payments process.

Compliance 46

Compliance B2B Reconciliations Budgeting 46

PYMNTS

SEPTEMBER 23, 2019

Corporates have growing expectations for faster, more efficient and more secure B2B payments — whether their money is moving from one business unit to another or one country to another. Payments Speed and Security. As financial institutions gather for this year’s Sibos conference kicking off in London today (Sept.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

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. Furthermore, as Peters noted, the movement of this information must not only be complete and speedy, it must be secure.

Compliance 60

Compliance Reconciliations Banking Corporate Finance 60

PYMNTS

DECEMBER 12, 2017

Travelport , which enables corporate travel agencies with point-of-sale (POS) technology, is repositioning itself in response to heightened awareness and adoption of virtual cards (v-cards) in the business travel space. It will also prioritize the use of Conferma’s pioneering secure email for communication of booking details.”.

Reconciliations 40

Reconciliations Prioritization B2B Compliance 40

PYMNTS

APRIL 20, 2016

SWIFT has found gaps in the promise and the delivery of distributed ledger technologies when it comes to payments. For SWIFT, the initiative has been ongoing to build out both the technology and operations to bring such nascent financial services options to the industry. But it still thinks it has potential. .

Reconciliations 40

Reconciliations Compliance Currencies Technology 40

PYMNTS

JANUARY 19, 2017

WebContractor is designed to tackle the problems construction businesses face with effective subcontractor management, using technology to ease the burden of 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

PYMNTS

DECEMBER 11, 2019

SMBs that nearly half (48 percent) said they don’t believe technology will impact their business. It is clear that as an industry we could do more to assure businesses of the security measures in place and demonstrate the tangible benefits of open banking and connected technology,” he added. “It Cash flow remains the No.

Banking 52

Banking Foreign Exchange Reconciliations B2B 52

PYMNTS

APRIL 12, 2016

Nonprofits can face greater pressure than their for-profit peers when it comes to compliance. The nonprofit industry has a lot to gain from this payment technology, claims a new whitepaper from vendor management consulting firm Vendor Centric. But what a commercial card can’t do as well as a virtual card is security.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

JANUARY 11, 2017

The RBI’s research unit released a whitepaper last week advocating for the adoption of a blockchain-based digital currency after concluding that technology in this area has “matured enough” to be put to use. These systems can be enabled using such distributed ledger technologies as blockchain.”.

Banking 45

Banking Currencies Reconciliations B2B 45

E78 Partners

MAY 8, 2024

ITSM is short for Information Technology Service Management, and in ServiceNow, it means a collection of practices, processes, and tools that are used to create, provide, manage, and enhance IT services that meet the requirements of an organization and its customers. What is ITSM within ServiceNow?

Leverage 52

Leverage Auditing Compliance Invoicing 52

PYMNTS

DECEMBER 4, 2017

How to streamline payments between buyers and suppliers who are unaware that new technology can significantly enhance operational efficiencies? And the technology finally exists to make that happen; it simply takes some education to build awareness. PARS for a New Course.

B2B 40

B2B Invoicing Reconciliations Accounts Payable 40

PYMNTS

FEBRUARY 8, 2018

Things have come far enough [technologically] that carriers can offer a payment portal online, which is something that many of them do today.”. like paying over the phone using an IVR system that will securely capture credit card information. You receive a lot of things in the mail; you are required to write a check.

Communication 40

Communication Reconciliations Compliance Finance 40

PYMNTS

MAY 27, 2020

For payments technology players, finding the opportunities to build upon existing infrastructure continues to open up new doors in B2B payments improvements. Buyers, meanwhile, can capture early payment discounts, gain payment choice, and automate reconciliation, too. Mastercard Track Business Payment Services Launch.

Reconciliations 92

Reconciliations B2B Compliance Risk Management 92

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

The Finance Weekly

OCTOBER 13, 2021

Organizations may , eliminate many of the manual processes that stymie a company's ability to accomplish a speedy financial closure by employing AI and machine learning to automate financial close processes including account reconciliation and reporting. Secure a quick win. Use intelligent process automation to your advantage.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Economics Risk Management Reconciliations 52

PYMNTS

NOVEMBER 3, 2020

Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Palette Software has connected its accounts payable (AP) automation cloud technology with Aptean ERP , according to a Monday (Nov. Plus, Everlink strikes a partnership for real-time B2B payments. 2) announcement.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

PYMNTS

JUNE 15, 2018

But the reconciliation, security, payment terms and buyer-supplier relationship do not mean one size fits all for B2B transactions initiated on an eCommerce platform. The payment rail and technology options for B2B eCommerce platforms are vast, and continue to grow. “But these are complex to reconcile. .

B2C 40

B2C B2B eCommerce Reconciliations 40

PYMNTS

SEPTEMBER 20, 2018

However, keeping track of data in a way that enables secure storage, efficient access and analysis, compliance with regulations and — ultimately — its profitable use is quite another topic. Those two extremes come together in a rising technology called multi-variant tokenization. Retail Use Case.

Retail 51

Retail Compliance Reconciliations Securities 51

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. Every modern enterprise, regardless of size, requires finance software to manage various aspects of its financial health.

Financial Planning and Analysis (FP&A) 52

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

CFO Leadership

MARCH 31, 2022

Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. They need global structures, processes and policies that facilitate efficiency, visibility, control, security, and compliance. And they need technology.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

Future CFO

NOVEMBER 18, 2019

Organizational transformation through the adoption of new technologies has been critical in revolutionizing business functions including finance departments. Innovation in technology and the streamlining of business management structures can create opportunities for CFOs to add value across the organisation. Don’t rush into it.

CFO 52

CFO Finance Reconciliations Accounting Standards 52

The Charity CFO

APRIL 25, 2024

Categorizing transactions, reporting income, and meeting compliance requirements can be overwhelming. In this case study, we’ll explore real stories of nonprofits who have transformed their organizations by using technology to streamline their financial infrastructure. What is the actual goal in a nonprofit accounting setup?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

PYMNTS

SEPTEMBER 12, 2018

The new platform, according to Mastercard, helps automate and streamline procure to pay , with an eye toward managing business identities and compliance efforts. The directory, according to the release, will integrate feeds from more than 45,000 compliance lists into a single location, which will help streamline onboarding efforts. “As

B2B 41

B2B Reconciliations Compliance Invoicing 41

Future CFO

JANUARY 12, 2021

The aim is to ensure real-time visibility of cash flow and help you make the right decisions at the right time to maintain liquidity and compliance. Standardising and streamlining the financial closing process lets you automate some tasks, including reconciliation, and supports continuous accounting practices in the cloud.

Foreign Exchange 40

Foreign Exchange CFO Compliance Reconciliations 40

PYMNTS

MAY 3, 2018

This is where Flywire comes into play, solving for those problems and making sure the right amount of money moves at the right time to the right place, securely and for a predictable cost. Unfortunately, “regulation and compliance issues alone could stymie businesses out of cross-border expansion,” Massaro said. The Value Added.

B2B 40

B2B Reconciliations Invoicing Currencies 40