Future CFO

APRIL 4, 2023

Finance Shared Services (FSS) is being looked upon as a strategy to deliver this much-needed transformation. The true benefit of an FSS does not come from the cost savings of the Finance team, which is typically small at around 1-3% of an organisation's revenue. The projected growth of the industry from US$1.8 trillion in 2022 to US$2.5

Finance 52

Finance Reconciliations Invoicing Budgeting 52

CFO Simplified

DECEMBER 26, 2021

Your Ultimate Finance Department Checklist (By Business Size). It’s easy to grow without noticing that your finance and accounting department is stretched far too thin. Here’s a guide to set your accounting and finance department up for success as your business grows. Accounting and Finance Department Review and Checklist.

Finance 52

Finance General Ledger CFO Auditing 52

The Charity CFO

MARCH 6, 2024

Red Flag #1: Bank Account Reconciliation Whether the business is accrual or cash basis, it does not matter. Reconciliation is necessary and the bare minimum for successful completion of the accounting role. Once these have been transferred into the accounting system, QuickBooks for example, reconciliation is the next step.

Nonprofit 59

Nonprofit Accounting Reconciliations Invoicing 59

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.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

FEBRUARY 1, 2021

Although the purpose of digitization in the finance department is, in many cases, to strengthen cash management, the effect of so many siloed systems can actually be quite different. As Berghald explained, that’s because each critical function — from invoicing to payment to accounting — all occur separately from each other.

Finance 82

Finance Invoicing Reconciliations Prioritization 82

PYMNTS

FEBRUARY 25, 2020

Singaporean peer-to-peer (P2P) platform Funding Societies will partner with Singapore eBusiness (SGeBIZ) for a new way to provide financing solutions to customers, reports said. The survey predicted innovations in SMB working capital financing to grow more than 20 percent by 2025. Funding Societies has worked with more than $1.1

Finance 56

Finance Reconciliations B2B Invoicing 56

Future CFO

NOVEMBER 5, 2019

While organizations are implementing the technology, finance functions need to know what AI can and can’t do for them to effectively allocate resources and manage their expectations before deployment. To make these tools more accurate in document recognition and data extraction, finance functions need to train them with many sample documents.

Finance 52

Finance Auditing Invoicing Reconciliations 52

PYMNTS

JUNE 16, 2020

In addition to platforms connecting gig workers with companies looking for them, “Companies must also make sure they can quickly pay their freelancers, which involves reconciling the amounts requested with the services provided and listed on invoices,” the Tracker states. Manual Reconciliation, Begone. Close As Many Loops As Possible’.

Reconciliations 67

Reconciliations Invoicing Accounts Payable Auditing 67

PYMNTS

APRIL 9, 2019

While use of trade finance continues to climb, the International Chamber of Commerce ‘s Banking Commission has warned the financial services market that small and medium-sized business (SMB) access to trade finance is disproportionately low, as large financial institutions (FIs) pull back from the SMB borrower segment.

Finance 63

Finance Cash Flow Forecasting Reconciliations Treasury 63

Adam Kae

MAY 30, 2023

Today, we delve into the captivating realm of financial automation and explore how it can revolutionize the way we manage our agency's finances. Supercharge Your Invoicing Process As a digital marketing agency, invoicing can be a tedious and time-consuming task. Greetings, digital marketing agency owners! We meet virtually.

Marketing 52

Marketing Invoicing CFO Reconciliations 52

PYMNTS

NOVEMBER 9, 2018

Barclays is rolling out an electronic invoicing solution for its U.K. 8) said Barclays now allows small and medium-sized businesses to access a mobile eInvoicing tool, including invoice generation and submission. On average, businesses spend 92 minutes a week on invoicing, amounting to 10 working days a year, reports said.

Invoicing 67

Invoicing Reconciliations Banking Finance 67

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. At the same time, parent organizations must consolidate this data to obtain a holistic view of finances across entities. Post-Payment Pain Points.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

NOVEMBER 11, 2020

The Playbook also calls out “three-way invoice matching — in which staff must compare invoices to purchase orders and goods received notes,” and the frustrations that brings, but automation can reduce these stresses by matching these invoices automatically. Clearly, there are issues. A recent survey found that 74.2

Accounts Payable 87

Accounts Payable Invoicing Treasury Reconciliations 87

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

As your business reaches the end of each month, your finances require precise maintenance , but that also means diving headfirst into endless spreadsheets and financial statements —an absolute nightmare. Streamlines invoicing and payment processes help you get paid faster and reduce the time it takes to close out the month.

General Ledger 62

General Ledger Reconciliations Accounting Standards Auditing 62

Future CFO

APRIL 6, 2022

Accounts Payable is responsible for so much more than just paying incoming bills and invoices, particularly given today's global challenges. In partnership with Kofax , SSON ran an industry-wide AP Automation Maturity survey, gaining insights from all over the world into how companies are growing their payables efficiency.

Accounts Payable 52

Accounts Payable Accounting Reconciliations Invoicing 52

PYMNTS

DECEMBER 15, 2020

On top of these industry-specific challenges, the legal cannabis space faces the traditional hurdles associated with B2B payments: friction in invoice processing and payment reconciliation, cash flow management challenges, and the disconnect between when buyers want to pay and sellers want to get paid.

B2B 111

B2B Accounts Payable Startups Invoicing 111

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

JUNE 10, 2020

The new partnership will combine “global open banking initiatives, Samsung SDS’ Nexledger Universal platform and Credorax’s industry expertise” in order to provide automatic payment reconciliation, remittances and invoices for B2B payments. The effect will be to eliminate the need for manual tasks for those functions.

Reconciliations 53

Reconciliations Banking B2B Invoicing 53

PYMNTS

NOVEMBER 12, 2020

Shields offered an example of intentional information: invoice data. Reconciliation should be an intuitive process, she added. Today, a bank simply receives a payment instruction from its customer. This is the No. 1 ask that we see from treasurers, controllers and CFOs across organizations of all sizes,” she said.

Banking 88

Banking Invoicing Reconciliations Treasury 88

PYMNTS

JULY 29, 2020

With Intuit ‘s QuickBooks Cash, a new business bank account feature, small- to medium-sized business (SMB) owners will have an easier time managing finances, the company said in a press release.

Reconciliations 60

Reconciliations Invoicing Finance Accounting 60

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

PYMNTS

FEBRUARY 28, 2020

Purchase, invoice and transaction data are invaluable to the journey of digitization and automation, but organizations are increasingly recognizing that the value can only be realized if that data can integrate seamlessly across platforms. “This combination increases data accuracy, and shortens payment cycles.”

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

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. The ERP’s Role in a FinTech World.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

DECEMBER 29, 2020

With the pandemic forcing accounts payable (AP) and accounts receivable (AR) departments to hit the gas on their digitization roadmaps, finance leaders are grappling with an accelerated pace of change that can, at times, be overwhelming. But it can be a lot simpler.”. The Need For Change.

B2B 82

B2B Accounts Payable Invoicing Reconciliations 82

PYMNTS

JUNE 12, 2017

Invoice financing company Waddle says its integration with Xero is saving business owners major time. The company revealed last week that the integration of its SME financing solution within the Xero cloud accounting platform saves small business owners an average of 12 hours a week. According to Xero, more than 3.8

Invoicing 43

Invoicing Reconciliations Data Analysis Finance 43

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

NOVEMBER 25, 2020

Just as important — if not more so — is the movement of transaction data that enables businesses to reconcile transactions and manage finances. Today, suppliers that receive a transaction may see funds weeks after an invoice is issued. The biggest benefit I see is not necessarily the payment itself,” he noted.

B2B 116

B2B Invoicing Reconciliations Treasury 116

CFO Talks

MARCH 20, 2024

Both the CFO and Controller deal with the company’s finances, but they focus on different things. It’s important to step back from the day-to-day and think about the company’s finances from a higher level. When it comes to arranging for debt financing and conducting equity placements, the CFO takes the helm.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

Spreadym

JUNE 19, 2023

Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. Implement efficient invoicing processes, offer incentives for early payments, and promptly follow up on overdue payments to minimize the risk of cash flow gaps.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

PYMNTS

DECEMBER 11, 2019

The technology allows users to take a photo of a receipt, with data automatically captured and entered into transaction history for reconciliation. Reports said Metro Bank plans to augment the service with bookkeeping, invoicing and VAT return capabilities integrated into the app, which will also connect to cloud accounting service providers.

Banking 52

Banking Reconciliations Invoicing Accounting 52

PYMNTS

MARCH 31, 2020

Tipalti CEO and Co-Founder Chen Amit said in the release, “The importance of AI in business finance is only going to increase, and we will be adding new capabilities to Tipalti PI over time to support the needs of our customers. ” Tipalti Pi is created to help during the payable process such as by optimizing payables workflow.

Accounts Payable 53

Accounts Payable General Ledger (GL) Accounting General Ledger 53

PYMNTS

APRIL 18, 2019

The financing reportedly closed at the end of last November but was not revealed until this week, when Airbase officially announced its product launch. There is also the expense outflow of invoice payments, all of which must be recorded in accounting and enterprise resource planning ( ERP ) systems. ” .

Reconciliations 51

Reconciliations Invoicing Finance Accounting 51

Planful

MAY 25, 2017

Collaborating with Marketing has historically presented some unique challenges to Finance executives, the size and scope of which vary depending on your vertical and on the personalities involved. For example, when you get an invoice from a digital advertising agency, you assign that cost to an advertising GL account.

Finance 40

Finance Budgeting CFO Invoicing 40

PYMNTS

OCTOBER 23, 2019

22) that it will integrate Deluxe Bill Pay and AR.Bots into its suite of order-to-cash services for corporate treasurers and finance executives. Deluxe automates payments and invoice matching for streamlined reconciliation. Deluxe Treasury Management said in a press release on Tuesday (Oct.

Treasury 40

Treasury Reconciliations Invoicing Accounting 40

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

NOVEMBER 21, 2018

“With the proliferation of the PDF, most vendors will send you not a paper invoice, but email a PDF,” he recently told PYMTNS in an interview. “The only times [an AP professional] has to touch an invoice is when it goes in for approval, and exceptions,” he explained. “It’s born digital.

Accounts Payable 63

Accounts Payable Invoicing Reconciliations Accounting 63

PYMNTS

FEBRUARY 5, 2020

As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy. That information flow comes in on a real-time basis, rather than through the typical process of month-end reconciliation.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61