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Auditoria Debuts New Automation Features For Corporate Finance

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There are three new features — Intelligent Collections, Intelligent Vendor Management and Intelligent Planning — which are intended to remove time-wasting steps and friction and improve cash flow for corporate finance teams, the release stated.

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Rethinking Reconciliation Amid Deeper Corporate Finance Disruption

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It appears to be a relatively straightforward process, particularly as documents like invoices and purchase orders digitize, payments go electronic, and automation technology allows for quick, easy data matching. And the likelihood that data across a payment, purchase order and invoice will always be identical is particularly low.

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VCs Looking For FinTech Firms To Solve The Pain Of Unpaid Invoices

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This week, Barclays and Santander InnoVentures demonstrated traditional banks’ interest in alternative finance when they led a nearly $34 million equity fundraise for invoice financing platform MarketInvoice. The firm plans to focus on expansion with the investment, targeting a customer base of 30,000 by 2022.

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A Corporate Finance Approach To High-Net-Worth Individuals

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” In the area of bill payments, for instance, these individuals can quickly become overwhelmed by the volume of invoices they have to pay. . “A lot of them process 50 to 200 bills a month — it really is like running a business.” “Those things are happening — fraudsters are getting more savvy about that.”

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UK Treasury Nixes Idea For New Coronavirus Funding Scheme

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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.

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How Data Guides A New Era For The ERP

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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.

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Helping CFOs Put The Back Office On Auto Pilot

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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. AI Steps in to Help.