PYMNTS

MAY 28, 2020

In a move that bolsters financing for the supply chain of Gucci, Intesa Sanpaolo has inked a deal with the luxury goods group to ease financing for small companies that supply the firm. The companies say they are prioritizing the payments as keeping small wholesalers well is key for them as they open their factories again.

Finance 52

Finance Banking Prioritization Invoicing 52

PYMNTS

DECEMBER 14, 2020

The problem with this strategy, however, is that when every company is looking get paid more quickly but pay their own invoices later, B2B buyers and vendors quickly find themselves in a position in which their own cash flow goals contradict each other. Many Moving Parts. That's error-prone, very static, and takes a lot of time.".

Accounts Payable 123

Accounts Payable Cash Flow Forecasting Invoicing Prioritization 123

PYMNTS

SEPTEMBER 5, 2019

Alternative lender Ultimate Finance is exiting the unsecured lending market in response to “market conditions,” according to the company. market for its decision, which will take effect immediately as it focuses on other loan products, including asset finance and invoice finance for small and medium-sized businesses.

Finance 40

Finance Concentration Prioritization Invoicing 40

CFO Plans

SEPTEMBER 24, 2024

Embrace Virtual Accounting Services for Startups For startups, managing finances can be particularly challenging. Take, for example, a tech startup that used virtual accounting to manage its finances remotely, saving on overhead costs and allowing for real-time financial tracking.

Tax Planning 52

Tax Planning Accounting Planning Budgeting 52

PYMNTS

MARCH 14, 2017

Australia and elsewhere taking up the issue as more SMEs lose cash as their invoices go unpaid. If a customer defaults on a $100,000 invoice and the business that is looking to get paid has a profit margin of 5 percent, that business would need to sell an additional $2 million to make up the lost cash flow,” Daly said. “If

Invoicing 54

Invoicing Prioritization Credit Risk Technology 54

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. This can be time-consuming and lead to errors when handled manually.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

Future CFO

MAY 28, 2020

This article looks at how Coats Group Plc's finance team in China responded to the Covid-19 pandemic. The finance function in China focused on the following key areas when dealing with situation: Timely closing of books Supporting operations Communication. The next step was prioritization.

Finance 40

Finance Prioritization Communication Leadership 40

PYMNTS

APRIL 16, 2020

The shift to electronic supplier payments is just one example of the demands finance teams are facing to endure difficult times. The AP department is one area of business operations that has experienced a significant effect of the pandemic, particularly for businesses that had yet to modernize their invoice payment processes.

Finance 75

Finance Accounts Payable Invoicing Prioritization 75

PYMNTS

FEBRUARY 20, 2020

From FinTech solutions to legislation, new efforts to combat delayed invoice payments continue to emerge – and yet the problem continues to worsen. ” Finding Balance Through Financing. . ” Finding Balance Through Financing. The most recent research from U.K. In the U.K.,

Invoicing 62

Invoicing Finance Prioritization B2B 62

CFO Share

FEBRUARY 23, 2024

Financing Cash Flow: Cash flow associated with funding the business, including debt, equity, and dividend payments. This process involves: Adopting digital invoicing systems to reduce delays. Consistently monitoring outstanding invoices to identify and address late payments proactively. Implementing auto-pay options.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Invoicing Prioritization 52

PYMNTS

SEPTEMBER 28, 2020

Businesses and consumers must prioritize cyber resilience and recognize that it is everyone's responsibility to protect their data," said OpenText CEO and Chief Technology Officer Mark J. This week's B2B Data Digest looks at the latest figures behind such fraud targeting corporate finance teams. Barrenechea in a statement.

Accounts Payable 96

Accounts Payable Invoicing Treasury B2B 96

PYMNTS

JANUARY 20, 2021

Ryan Frere, executive vice president and general manager of B2B for Flywire , believes that embedded finance in B2B is key to payments optimization in 2021. Virtually all cloud-based subscription services use some form of embedded finance. Apple iTunes is another. There is no separate payment motion involved to utilize the service.

B2C 70

B2C B2B Currencies Invoicing 70

PYMNTS

SEPTEMBER 14, 2020

19 heads of trade across the globe's largest trade banks have published a set of payables financing best practices , according to the American Bankers Association. The cost of financing is based off of buyer risk, which can also be more affordable when buyers are larger and have stronger credit histories.

B2B 63

B2B Invoicing Prioritization Finance 63

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. Manual Pain Points.

Cash Flow Forecasting 59

Cash Flow Forecasting Accounts Payable Invoicing Corporate Finance 59

PYMNTS

FEBRUARY 1, 2021

It’s not that automating invoice generation, banishing checks, automating the cash application process and systematically removing all the manual touches from accounts payable (AP) and accounts receivable (AR) workflows weren’t unknown concepts among chief financial officers (CFOs) and treasury departments at the time.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

Spreadym

OCTOBER 13, 2023

Managing Accounts Receivable: Efficiently manage your accounts receivable by invoicing promptly, offering discounts for early payment, and pursuing collections for overdue payments. Monitor Receivables and Payables: Efficiently manage your accounts receivable by invoicing promptly and following up on overdue payments.

Cash Flow Forecasting 59

Cash Flow Forecasting Accounts Payable Forecasting Invoicing 59

CFO Share

AUGUST 14, 2023

Is cash from operations generated by one-time occurrences, such as a large invoice payment, or by systemic processes, such as overall business growth? On the other hand, venture capital backed businesses expect negative cash from operations since they have external financing and prioritize growth over profitability.

Profit and Loss 40

Profit and Loss Prioritization Finance Investments 40

PYMNTS

MARCH 10, 2020

Crowdz Pilots Invoice Crowdfunding. With its new platform InvoiceXchange, B2B payments and invoicing company Crowdz has begun enabling its business clients to crowdfund their unpaid invoices as an alternative to traditional trade financing products. Invoiced, CollBox Ease Payment Collection Interactions.

Accounts Payable 57

Accounts Payable Invoicing B2B Vendor Management 57

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

OCTOBER 21, 2020

Like all companies, our finance team at Coupa has had to deal with challenges over the past several quarters with the COVID-19 pandemic. Accounting and finance professionals tend to interact many times a day, sharing information and addressing quick questions. The following is an excerpt from What Did You Change?

Problem Solving 63

Problem Solving Invoicing Prioritization Accounting 63

CSC Advisors

SEPTEMBER 27, 2024

Evaluate Timing for Expenses : Prioritize expenses that can provide immediate value to your business. Documentation is Key : As with interest payments, keep organized records of all expenses incurred, including invoices and receipts, to substantiate your deductions during tax preparation. million for equipment purchases.

Tax Planning 52

Tax Planning Leverage Prioritization Planning 52

PYMNTS

NOVEMBER 19, 2020

The vast majority of organizations experienced some form of supply chain disruption as a result of the coronavirus crisis, a reality that forced entities to prioritize vendor diversification — and one that opened up opportunities to work with new.

Prioritization 60

Prioritization Invoicing B2B Technology 60

PYMNTS

FEBRUARY 4, 2020

Exact match controls make virtual cards easy to use and reconcile, quickening key components of the invoice-to-pay process.”. Supply Chain Finance Comes Under Fire. Such is the debate that has risen in Australia, in which two major conglomerates — Telstra and Rio Tinto — have come under fire for their supply chain financing practices.

Accounts Payable 52

Accounts Payable B2B Invoicing Finance 52

Beacon CFO Plus

FEBRUARY 16, 2022

Prioritize Enterprise Resource Planning With BeaconCFO. ERP tools are ideal for end-to-end business processes found in HR, supply chain, and, of course, finance. Automation of time-consuming processes (like invoicing). by Rob Joseph, Director, BeaconCFO Plus. Benefits of a Virtual CFO: Implementing an ERP System.

CFO 52

CFO Prioritization Invoicing Planning 52

PYMNTS

JANUARY 28, 2021

Lenders may not be expecting the kind of dramatic race for financing that the market saw in 2020, while legacy banks have also had the opportunity to upgrade back-office infrastructure and address the pain points exposed as a result of mishaps in the first round of PPP funding. Embedded Finance Shifts The Competition.

Banking 65

Banking Finance Prioritization B2B 65

PYMNTS

JUNE 26, 2020

This challenge exists for professionals across the back office, but in business accounting, the lack of data integration and accuracy mean finance experts are spending valuable time correcting information and moving numbers from one platform to another. ” Those are small data hiccups with the potential for damaging consequences.

Accounting 52

Accounting Cash Flow Forecasting Invoicing Prioritization 52

PYMNTS

FEBRUARY 24, 2020

The first and oldest writings of human civilization were not poems or prayers: they were invoices. Transactions for livestock, spices, grain — the Sumerians began marking it all down in clay 5,500 years ago. China’s eCommerce titan Alibaba is capitalizing on that. After all, B2B eCommerce will be a $1.1

B2B 73

B2B eCommerce Accounts Payable B2C 73

PYMNTS

SEPTEMBER 5, 2017

So it’s no surprise that the latest report from Hitachi Capital Invoice Finance, SME Attitudes to Borrowing , finds SMEs in the U.K. In its survey of more than 500 small- and medium-sized businesses, Hitachi Capital Invoice Finance, researchers found only 15.54 don’t trust the big banks.

Banking 43

Banking Invoicing Finance Prioritization 43

Spreadym

JUNE 19, 2023

Categorize and prioritize your expenses to identify essential versus discretionary spending. Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. Building an emergency fund can provide a cushion during challenging times and reduce reliance on external financing.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

The Charity CFO

MAY 19, 2023

Optimizing cash flow may include negotiating payment terms with vendors, implementing efficient invoicing and collection processes, and exploring cash flow enhancement techniques such as short-term investments or revenue diversification. If you need help simplifying and organizing your cash management, we’d love to help. Get the free guide!

Cash Management 52

Cash Management Nonprofit Compliance Budgeting 52

PYMNTS

AUGUST 3, 2018

For much of the world, electronic invoicing is taking off — not only for the benefits it offers, like enhanced cash flow visibility, but largely because jurisdictions are implementing eInvoicing regulatory requirements to crack down on tax evasion. Data from FEDmanager estimates that of the 19 million invoices issued in the U.S.

Invoicing 40

Invoicing B2B Prioritization Accounting 40

PYMNTS

JULY 28, 2020

Their hesitancy isn’t without reason: CFOs and finance teams can find it a monumental task to overhaul manual systems and processes that have been in place for years — and understanding the first step to B2B payments digitization can be a dizzying task. Not so, says Meitra Aycock , senior vice president of operations at Comdata.

B2B 70

B2B Reconciliations Accounts Payable Prioritization 70

PYMNTS

MARCH 17, 2020

At the same time, as more SMBs experiment with the subscription revenue business model, the need for tools that can support their recurring invoicing and collections processes in an automated way is on the rise. That lack of technological and business expertise can have profound impacts on the way they manage their company finances.

Prioritization 67

Prioritization Invoicing Accounting Healthcare 67

PYMNTS

MAY 2, 2019

However, the practice of negotiating B2B payment terms is not about companies getting away with delaying invoice payments as long as possible. ” Not only are ultra-long payment terms an unsustainable strategy, but an over-reliance on supply chain finance can be as well, he explained. In the U.S., “Particularly in the U.S.,

B2B 63

B2B Economics Finance Prioritization 63

PYMNTS

MAY 2, 2016

We break down all of the risky business of B2B finance, cybersecurity and trade below. 240 million is lost to invoice fraud a year by businesses in the U.K., When broken down, that total means a fifth of businesses surveyed lost $7,300 in the last year — each — due to fake invoices. That value represents a 23.5

Invoicing 41

Invoicing B2B Securities Prioritization 41

PYMNTS

FEBRUARY 24, 2016

For corporate buyers, that meant stretching out invoice settlement times as long as possible. The director added that the majority of businesses are now prioritizing cash flow and timely payments , leading many companies to actually boycott the clients that do not pay their invoices on time.

Cash Flow Forecasting 40

Cash Flow Forecasting Invoicing Prioritization Forecasting 40

PYMNTS

AUGUST 2, 2016

Another small business, a PR firm based in California, told reporters that, while some corporate customers had paid “like clockwork,” they will now all of a sudden take up to 45 days to pay their invoices — often without a reason. But those small businesses are now getting support to back up their stories of cash flow struggles.

B2B 41

B2B Invoicing Prioritization Economics 41