Future CFO

OCTOBER 1, 2023

However, the technology’s limitations introduce several real challenges to this objective, leading Gartner to consider it at a peak of inflated expectations. CFOs should partner with senior technology leadership (e.g., This discussion must also include the potential impact to the workforce, company culture and necessary training.

Leadership 52

Leadership Reconciliations Auditing Compliance 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.

SAP 85

SAP IFRS Compliance Invoicing 85

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

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

Planful

SEPTEMBER 1, 2016

The pre-conference event that I attended and spoke at was the 7th Annual Transformative Technologies in Accounting Workshop, which represents a sub-group of AAA focused on Strategic and Emerging Technologies. Hip, Cool, and Relevant Accounting Technologies. Heady stuff and certainly an emerging technology to watch.

Technology 40

Technology Accounting Auditing Reconciliations 40

Future CFO

SEPTEMBER 26, 2022

Finance has also invested heavily in technology to reduce time to close, with three technologies deployed by more than half of functions already: general ledger technology, a financial close solution, or workflow automation, Gartner said. 86% said they wanted a faster, real time close. 68% mentioned they want a cheaper close.

Finance 52

Finance General Ledger Reconciliations Auditing 52

PYMNTS

JUNE 17, 2020

At least, that’s what commercial card technology players believe, with this week’s rundown of the latest initiatives in corporate card solutions placing a focus on returning business trip volume. The integration also supports automated reconciliation and cash flow management, the companies noted in a press release.

Reconciliations 67

Reconciliations Accounts Payable Risk Analysis B2B 67

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.

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

PYMNTS

MARCH 4, 2020

Enterprise cloud migrations have opened up the ability for smaller businesses to adopt ERP technology once reserved for the largest corporates. For example, he pointed to multinational corporates’ need for tax provisioning and transfer pricing solutions to promote efficiency and compliance across borders. Disruption Ahead.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

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

FEBRUARY 5, 2020

Commercial card technology can ease multiple pain points in B2B payments. 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.

Reconciliations 53

Reconciliations Accounts Payable B2B Compliance 53

PYMNTS

JULY 23, 2020

GEP , which works in procurement and supply chain strategy, has launched its new accounts payable (AP) solution, which will help automate AP services through cloud technology, artificial intelligence (AI) and machine learning (ML), according to a press release. “GEP’s AP Automation solution is not an upgrade of a legacy system.

Accounts Payable 56

Accounts Payable Invoicing Reconciliations B2B 56

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. Many of these companies, although newcomers to payments, are well-known in the technology world, further driving customer expectations for speed and ease of use.

B2B 85

B2B Compliance Reconciliations Leverage 85

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

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. As companies elevate their use of payroll cards, Galileo Financial Technologies is rolling out its own solution to facilitate employee compensation.

Compliance 83

Compliance Reconciliations B2B Banking 83

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. One blockchain company that is wielding the technology to facilitate the movement of funds is BitPay.

B2B 104

B2B Reconciliations Risk Management Compliance 104

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

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

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

AUGUST 1, 2019

Experts say the explosion of technology platforms like Uber and Deliveroo ushered in waves of opportunity for professionals to have greater control over when, where and how they work. is facing heightened compliance burdens that similarly force administrative, manual tasks on professionals that need that time to focus on their businesses.

Reconciliations 60

Reconciliations Compliance B2B Banking 60

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

PYMNTS

FEBRUARY 19, 2020

. “What we can do as existing players in the ecosystem is build applications to take on that perceived technological burden of real-time payments, and then make it easy for participants,” he said, pointing to Mastercard products like Bill Pay Exchange and Payment On Delivery. ” Banks’ Collaborative Opportunity.

Accounts Payable 114

Accounts Payable Invoicing Reconciliations B2B 114

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. POPs are important to omnichannel fraud detection because they enable banks to track payments’ journeys from processing to clearing to reconciliation. Tracking The Payment Journey .

Foreign Exchange 52

Foreign Exchange Reconciliations Compliance Banking 52

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

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. This cost-effective model allows businesses of all sizes to leverage advanced technologies without financial constraints.

SAP 78

SAP B2B Leverage Analyzing Data 78

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. Yet, when as much as 40 percent of company spending remains in the shadows, control can go out the window.

Compliance 46

Compliance B2B Reconciliations Budgeting 46

The Finance Weekly

FEBRUARY 22, 2023

The CFO must be able to identify relevant data, choose the most suitable tools and technologies, and create forecasts that support timely decision-making to ensure effective resource allocation. 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

Future CFO

APRIL 4, 2023

This is where technology tools such as Analytics play an important role. This involves activities within the source to pay such as invoice processing and payment as well as month-end reporting and reconciliation work.

Finance 52

Finance Reconciliations Invoicing Budgeting 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. It builds a strong foundation by integrating theory, industry practices, and professional standards.

CFO 52

CFO Education Communication Leadership 52

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., Still, U.S.

Accounts Payable 64

Accounts Payable Invoicing Compliance Reconciliations 64

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. Preparing yourself through technology is really my recommendation.”.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

The Charity CFO

JANUARY 5, 2023

Tax issues and non-compliance with regulatory requirements. When creating these policies, make sure they’re regularly reviewed and updated to keep up with changing circumstances, technological advances, and regulations. Bring GAAP compliance. Without a good grasp of your finances, your nonprofit risks: Exposure to fraud.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

Future CFO

NOVEMBER 5, 2019

Touted as a disrupting or a frontier technology, AI has a glittering wrap around it. trillion of economic potential of the technology in 2030 , CFOs in Singapore are implementing AI or have plans to do so in the near future for benefits including increased productivity, better decision-making capabilities, and enhanced processes. “In

Finance 52

Finance Auditing Invoicing Reconciliations 52

Future CFO

MAY 15, 2022

Finance leaders keen to get a head start before transitioning to PEPPOL can consider moving to a semi-automated mode – or accounts payable (AP) automation – to allow both internal and external stakeholders time to understand their vision and gain trust in the underlying technologies.

Invoicing 52

Invoicing Accounts Payable SAP Finance 52

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

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.

Compliance 60

Compliance Reconciliations Banking Corporate Finance 60