PYMNTS

DECEMBER 7, 2020

This week's B2B Digest looks at how corporate finance scams come in all shapes and sizes, from employee expense fraud to invoice falsification. Analysis of 295 cases of accounting fraud between 1996 and 2013 was compared to property crime rates in the areas where corporate fraud occurred.

Invoicing 91

Invoicing Construction Corporate Finance B2B 91

PYMNTS

JULY 1, 2020

The plans considered could have involved the Covid Corporate Financing Facility (CCFF), set up to buy commercial paper from large blue-chip companies, being amended so that invoices could flow faster for SMEs. But in recent days, respondents to the Treasury’s inquiry had trouble identifying British SME suppliers.

Treasury 91

Treasury Corporate Finance Invoicing Finance 91

PYMNTS

SEPTEMBER 28, 2020

This week's B2B Data Digest looks at the latest figures behind such fraud targeting corporate finance teams. According to the publication, an individual has been sentenced to more than two years in prison for abusing his ability to approve of invoices for payment at his former employer, Driscoll's, based in California.

Accounts Payable 96

Accounts Payable Invoicing Treasury B2B 96

PYMNTS

SEPTEMBER 29, 2020

As a provider of back-office financial technology, it's vital to speak with chief finance officer (CFO) and finance executive end-users about what they need and which friction points are giving them the most pain. Finance teams have mountains of manual tasks to complete every day.

Cash Flow Forecasting 59

Cash Flow Forecasting Accounts Payable Invoicing Corporate Finance 59

PYMNTS

JULY 9, 2020

Accrualify , which works in cloud-based solutions for mid- and enterprise-level companies, is launching a new corporate card in partnership with Visa , according to a press release. The intent of the card is to boost options for spend control for corporate finance teams.

Corporate Finance 91

Corporate Finance Leadership B2B Invoicing 91

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. But the ERP of today doesn’t look like it used to.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

MARCH 7, 2019

based corporate finance operation, is broadening its position in the trade finance landscape through an acquisition of Global Technology Finance , which provides supply chain finance to value-added resellers targeting the technology sector, according to reports in Asset Finance International.

Finance 51

Finance Corporate Finance Invoicing Technology 51

PYMNTS

JANUARY 11, 2021

Today in B2B payments, the SBA releases guidance for the next round of PPP loans, while xSuite secures Peppol invoice certification. Singapore Grants eDoc Firm xSuite Peppol Certification for Invoices. Plus, TripActions announces ERP integrations, FortisPay acquires Swype and Goldiam launches a B2B eCommerce platform in the U.S.

B2B 55

B2B Securities SAP Invoicing 55

PYMNTS

NOVEMBER 1, 2017

Key areas of corporate finance continue to lag in digital transformation, the report found. But invoice management is furthest behind, researchers said, with 66 percent of data received from supplier invoices manually entered into company systems. The Worst Offender.

Finance 54

Finance Invoicing Accounts Payable Corporate Finance 54

PYMNTS

FEBRUARY 7, 2019

” The launch comes as AP automation grows increasingly in-demand among corporate finance professionals. The solution integrates artificial intelligence (AI), robotic process automation (RPA), machine learning, deep learning and other technologies to automate invoice processing for accelerated, accurate invoice payments.

Accounts Payable 49

Accounts Payable Marketing Invoicing Reconciliations 49

PYMNTS

AUGUST 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools.

B2B 71

B2B Invoicing Startups Corporate Finance 71

PYMNTS

JANUARY 2, 2020

Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance tool prevents investors and auditors from gaining a transparent view into company finances.

Auditing 52

Auditing Corporate Finance Finance Invoicing 52

PYMNTS

FEBRUARY 27, 2017

In an interview with PYMNTS, Prabhat Vira, president of Tungsten Network Finance, said that the goal of the pact is to extend the services offered to firms using e-invoicing to bring early payment and financing agreements to those larger firms and their suppliers, adding working capital financing tied to invoices.

Finance 58

Finance Invoicing Corporate Finance Manufacturing 58

PYMNTS

OCTOBER 7, 2019

Fraud never sleeps, and the corporate finance department cannot afford to stay behind on the ever-changing strategies of fraudsters. P-cards were used to settle those fraudulent invoices, the allegations say, and the money went to those managers and the third-party vendor.

B2B 62

B2B Invoicing Corporate Finance Transportation 62

PYMNTS

NOVEMBER 16, 2018

Companies with the most digitized AP processes averaged faster invoice payments and processing times, as well as fewer invoice exceptions. It’s a major hurdle for many firms, particularly considering the continued use of paper purchase orders (POs), paper invoices and other physical documentation that demands manual data entry.

Accounts Payable 63

Accounts Payable Invoicing Accounting Corporate Finance 63

PYMNTS

FEBRUARY 7, 2018

But in some instances, the benefits of AI may outweigh the risks, especially in areas like accounts receivable, and especially when the technology can address the long-lasting frustration of late invoice payments. Pay360 , a U.K. companies billions of dollars every year.

Invoicing 43

Invoicing Corporate Finance Communication Accounts Payable 43

PYMNTS

SEPTEMBER 23, 2019

While FinTechs are offering a greater variety of solutions to business users than ever before, corporate finance chiefs and treasurers still turn to their banks first to improve their B2B payments strategies. 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

APRIL 10, 2019

In a press release sent to PYMNTS, PayStand revealed its PayStand Automated Receivables tool, designed to automate key processes for AR departments, including invoice collections and customizable workflows. The solution integrates with PayStand’s existing ERP integrations, including the PayStand for NetSuite SuiteApp. ” .

Invoicing 40

Invoicing B2B Corporate Finance Communication 40

PYMNTS

APRIL 22, 2016

Plaid’s bank account authentication and data services are coming in handy to more corporate finance players. On Thursday (April 21), the company announced a new partnership with Jet Business Loans, an online corporate FinServ player.

Banking 40

Banking Accounts Payable Corporate Finance Invoicing 40

PYMNTS

MAY 23, 2016

Banks may not always be up for overhauling their operations with a largely untested, disruptive technology, but new reports suggest the threat of fraud in one area of corporate finance is encouraging financial institutions to adopt distributed ledger technology in growing volumes.

Banking 46

Banking Invoicing Corporate Finance Finance 46

PYMNTS

DECEMBER 10, 2018

percent equity interest in Hangzhou Zeshi Investment Partners, which will enable China Lending to launch its new supply chain financing services in the near future, including financing products design, related corporate financing solutions, investments and asset management, and more. trillion in 2017.

B2B 60

B2B Accounts Payable Corporate Finance Finance 60

PYMNTS

SEPTEMBER 20, 2018

Much of that innovation has been focused on corporate finance and payments, as top financial services players have introduced new blockchain solutions in an effort to disrupt and improve corporate payments. in blockchain development efforts.

Corporate Finance 75

Corporate Finance eCommerce Healthcare Finance 75

PYMNTS

AUGUST 8, 2019

And among the biggest challenges he pointed to for both accounts payable and accounts receivable professionals is reconciliation and being able to understand what payments are matched to which purchase orders and invoices — a data hurdle often unaddressed by check and other traditional payment tools.

Accounts Payable 57

Accounts Payable Accounting B2B Reconciliations 57

Bramasol

OCTOBER 31, 2023

However it's important to keep in mind that not all of these elements need to be deployed for every implementation.

SAP 66

SAP IFRS Compliance Construction 66

PYMNTS

JULY 17, 2019

Last year Optal released research based on a survey of more than 100 corporate finance executives in the U.K. The subsequent high volume of invoices received, as well as the growing volume of cross-border vendor partnerships, has introduced new complexities into businesses’ B2B payments operations, researchers said.

B2B 40

B2B Corporate Finance Invoicing Banking 40

PYMNTS

MAY 1, 2019

The company announced its AI-Based Cash Forecasting Cloud solution in a press release Tuesday (April 30), saying the new solution will provide corporate treasurers with real-time forecasting functionality without the need for manual data integration.

Forecasting 40

Forecasting Cash Flow Forecasting Treasury Accounts Payable 40

PYMNTS

DECEMBER 29, 2016

Some B2B payments players have predicted that, on the accounts payable side of the transaction, higher interest rates will lead companies to extend their payment terms and to seek out AP technologies that offer integrated supplier financing solutions to help with that cash flow crunch on the supplier side.

Accounts Payable 49

Accounts Payable B2B Invoicing Corporate Finance 49

Bramasol

OCTOBER 31, 2023

However it's important to keep in mind that not all of these elements need to be deployed for every implementation.

SAP 52

SAP IFRS Compliance Construction 52

PYMNTS

MAY 12, 2016

Money controllers also said AP is plagued with the most paper and described the department as “laborious” — more so than accounts receivable, payroll and other corporate finance functions. One of the top spots for friction within accounts payable is identifying and dealing with invoices categorized as an exception.

Accounts Payable 40

Accounts Payable Invoicing Accounting Auditing 40

PYMNTS

JUNE 14, 2019

Banks’ risk appetite has lowered, while regulations, some financial institutions argue, have forced financiers to reallocate resources to compliance and risk mitigation efforts, draining the trade finance pot. For trade finance that means being able to seamlessly integrate information from invoices and trade contracts, for example.

Finance 40

Finance Banking Invoicing Corporate Finance 40

PYMNTS

MARCH 8, 2019

-based Yordex, a company that provides financial software for corporate users. In a statement, Bloc Ventures CEO and Co-Founder David Leftley said Yordex fills a market gap for companies that have “outgrown” cloud accounting tools like Xero but are not willing to migrate to a costly, complex ERP system.

B2B 72

B2B Banking Startups Investments 72

PYMNTS

JUNE 22, 2020

Experts warn that such Vendor Email Compromise scams are on the rise amid the pandemic: “We have seen an increase in invoice redirection fraud in the past three months, which has been ramping up due to COVID-19,” warned Smarttech247’s Raluca Saceanu, the publication said. ” $1.4

Accounts Payable 79

Accounts Payable Invoicing B2B Accounting 79

PYMNTS

JANUARY 9, 2017

According to Laura McGowan, director of services marketing at Ricoh Canada, the company has had to pivot its outlook on paper as companies digitize processes like invoicing and accounts receivable. “It’s The cost-savings benefits of digitizing areas like invoicing have been shouted from the rooftops — but with limited success.

B2B 45

B2B Invoicing Corporate Finance Accounting 45

Accountancy Today

APRIL 12, 2023

The solutions will support all aspects of SMEs’ finance needs in excess of £25,000, providing VAT, tax and working capital loans, asset and invoice finance, as well as asset-based lending.

Finance 52

Finance Invoicing Accounting Leverage 52

PYMNTS

SEPTEMBER 17, 2020

Take the electronic invoice, for example. Just because a supplier emails a PDF invoice, rather than mails a physical one, doesn't mean that the buyer can automatically ingest that document. What's more, PDF documents cannot always support the level of automation organizations pursue as part of their digitization efforts.

Accounts Payable 63

Accounts Payable Compliance Invoicing Finance 63

PYMNTS

FEBRUARY 13, 2019

To illustrate the point, Love offered the example of one Codence client that uses a time-logging solution, which had to be integrated with an invoice module. Love noted that he sees APIs as a growing presence in corporate finance, as banks react to the demand among consumers and businesses to take control of their own data.

Finance 75

Finance General Ledger Math Accounts Payable 75

PYMNTS

OCTOBER 5, 2017

In corporate finance, automation changed the game. This type of technology, he continued, means financial executives can “offload a huge swatch of operational tasks” — those processes that are tedious and time-consuming, but necessary, like invoice processing, expense report auditing and so on.

B2B 43

B2B Corporate Finance Accounting Auditing 43