Future CFO

OCTOBER 1, 2023

According to the advisory firm, 80% of finance functions of large enterprises will use internal AI platform by 2026, as leadership teams do not want to fall behind peers. McDonald, senior director analyst in the Gartner Finance Practice. CFOs should partner with senior technology leadership (e.g.,

Leadership 52

Leadership Reconciliations Auditing Compliance 52

Future CFO

OCTOBER 23, 2019

While companies and their finance functions need to have clean data to achieve success in digital transformation, they must also deal with issues such as data silos and data visibility. Finance staff draws information from excel spreadsheets, the organization’s ERP systems, and other different silos of information to make manual exports.

Finance 40

Finance Reconciliations Communication CFO 40

PYMNTS

SEPTEMBER 16, 2020

For the Electronic Banking feature, Acumatica will offer secure connections with more than 11,000 financial institutions with multiple authentication methods and tokenization technology, according to the release. And anomaly detection and streamlined bank reconciliation will be available.

Reconciliations 76

Reconciliations Auditing Compliance Banking 76

PYMNTS

NOVEMBER 23, 2020

The result, according to the firms: simplified money movement between buyers and suppliers and automated payment processing and expense reconciliation. Commercial Pay Travel helps companies manage business travel spend by integrating with business travel reservation processes and reconciliation. Visa and Conferma Pay said Monday (Nov.

B2B 115

B2B Reconciliations Finance Economics 115

CFO Share

MAY 22, 2024

These reports are the backbone of evaluating business performance – crucial for making informed decisions, attracting investors, and securing loans. Check the last reconciliation date for all cash and credit card accounts. Consistent financial reporting is critical for business management.

Profit and Loss 105

Profit and Loss General Ledger Accounting Financial Reporting 105

PYMNTS

JANUARY 19, 2021

The collaboration is part of Eedenbull’s efforts to expand globally after having secured 65 banking partnerships across Europe, according to a report. South Africa-based Absa Group is working with Canada-based Surecomp to develop new trade finance initiatives across Africa, a press release said. BNL Goes Live With Tink.

Banking 136

Banking Reconciliations Compliance Finance 136

Future CFO

AUGUST 1, 2023

Companies are increasingly seeking secure and compliant solutions to manage their financial data. Specific to the automation of finance and accounting processes, can you identify the top three areas mid-size enterprises are prioritizing to automate?

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

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. Allows user-defined workflows to improve efficiency, compliance, and transparency, providing consistent audit trail visibility.

General Ledger 62

General Ledger Reconciliations Accounting Standards Auditing 62

Bank of the West

NOVEMBER 22, 2021

Here’s what finance executives need to know about R2P and its potential benefits for treasury management. The customer’s bank sends an R2P notice to the payer, likely via their secure banking app. What is Request to Pay? ” These real-time collection platforms trigger payments from bank accounts for collections.

Treasury 98

Treasury Reconciliations Banking B2B 98

Bramasol

MAY 13, 2024

Enforcement: The PCAOB has the authority to discipline accounting firms and individuals for violations of PCAOB rules and securities laws. Inspections: It conducts regular inspections of registered public accounting firms to assess compliance with PCAOB standards and applicable laws and regulations.

Auditing 89

Auditing Compliance SAP Accounting Standards 89

PYMNTS

JUNE 16, 2020

Add accuracy and security to velocity and it makes a kind of “rule of threes” for the payments space today. Manual Reconciliation, Begone. Among the most consistently troublesome of manual processes is reconciliations, which are not only slow but also notoriously error-prone. This is where AP automation is stepping in.

Reconciliations 67

Reconciliations Invoicing Accounts Payable Auditing 67

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

Future CFO

MAY 15, 2022

Finance leaders may have noticed one invoicing trend that emerged in the last couple of years – the way invoices arrive at their organisations has quite clearly changed. Now, with remote and hybrid work commonplace, most invoices are delivered through employees’ and the finance team’s email accounts. Automated verification.

Invoicing 52

Invoicing Accounts Payable SAP Finance 52

Planful

OCTOBER 20, 2016

There is encouraging news that correlates with surveys of Finance executives on the adoption of and interest in cloud-based applications. Adoption appears to be accelerating as Finance departments are becoming more confident in the security of cloud applications and more aware of the benefits. Gartner Sees the Tipping Point.

Finance 40

Finance Budgeting Reconciliations Securities 40

E78 Partners

NOVEMBER 16, 2023

By accelerating essential tasks such as data entry, reconciliation, and reporting, finance teams, and CFOs specifically can focus on high-value activities, strategic planning, and oversight. Factors such as data privacy, security, and ethical considerations must be addressed to ensure responsible and effective AI implementation.

Marketing 52

Marketing Reconciliations Prioritization Strategic Planning 52

PYMNTS

JANUARY 21, 2021

“Thanks to this agreement, we can now offer JAGGAER customers and their suppliers improved tracking, reconciliation and speed of processing or receiving cross-border transactions in 134 currencies,” JAGGAER CEO Jim Bureau said in the announcement. US CFOs Consider How to Use Cash Reserves.

B2B 85

B2B Banking Reconciliations Currencies 85

PYMNTS

MARCH 6, 2020

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. In the meantime, PYMNTS gathered up a shortlist of the B2B FinTechs that were able to secure new funding as backers prepare for their next wave of support. and hoping to expand into Europe. At the same time, the U.S. Mailprotector.

B2B 80

B2B Startups Nonprofit Reconciliations 80

PYMNTS

OCTOBER 14, 2020

Contis CEO and Founder Peter Cox said in the release that the partnership would work to " bring instant remittances and automatic reconciliation to businesses and account holders alike.". "At And Ordo CEO Craig Tillotson said in the release that both teams want to use technology and service innovation to help boost the end-to-end process.

Reconciliations 60

Reconciliations Currencies Accounting Banking 60

PYMNTS

JANUARY 20, 2021

Thanks to this agreement we can now offer JAGGAER customers and their suppliers improved tracking, reconciliation and speed of processing or receiving cross-border transactions in 134 currencies,” JAGGAER CEO Jim Bureau said in the announcement. TransferMate lets businesses exchange international payments quicker and simpler than in the past.

Foreign Exchange 57

Foreign Exchange Reconciliations Strategic Planning Currencies 57

PYMNTS

SEPTEMBER 23, 2019

Corporates have growing expectations for faster, more efficient and more secure B2B payments — whether their money is moving from one business unit to another or one country to another. Payments Speed and Security. 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

Centage

MAY 3, 2023

with Renee Sherman, Vice President of Finance Seamless Integration and Greater Detail Leads to Better Scenario Planning for Personnel Q: Can you tell us a little about your organization? Centage provides modern FP&A software solutions that empower Finance teams to lead the way to a stronger, more agile business.

Budgeting 52

Budgeting Forecasting Nonprofit Reconciliations 52

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 19, 2020

Supply chain financing company Greensill revealed its acquisition of Colombia-based Omni, a small- to medium-sized business (SMB) lender that will enable Greensill to strengthen its Latin American footprint. It was a big week for B2B FinTech startups in Latin America. Remessa Online.

B2B 73

B2B Startups Reconciliations Financial Data 73

PYMNTS

MAY 4, 2020

With finance professionals no longer able to receive paper invoices and checks in the mail, Neal Anderson, president and CEO of OnPay Solutions, said organizations are quickly realizing that the status quo is no longer acceptable. For both sides, the transaction data of a virtual card payment means streamlined reconciliation and reporting.

Invoicing 66

Invoicing Accounts Payable Reconciliations B2B 66

Future CFO

AUGUST 2, 2020

The recent outbreak of coronavirus (COVID-19) has forced companies and finance teams to react quickly and effectively. Finance team need to act as business partners and be the interface between functions and other business areas. It poses greater challenges. The Excel+ philosophy has guided Jedox since our foundation.

Planning 40

Planning Reconciliations Budgeting Auditing 40

The Finance Weekly

OCTOBER 30, 2023

Leading software leverages , AI to automate tasks like transaction categorization and account reconciliation. Cash Flow Analysis: AI-driven cash flow planner forecasts future finances, aiding proactive planning. AI Benefits to Businesses AI-driven tools prove invaluable for small businesses in financial management.

Reconciliations 52

Reconciliations Forecasting Leverage Technology 52

PYMNTS

NOVEMBER 12, 2018

Last week, BBVA and its co-lenders used a private blockchain network to secure a $150 million syndicated loan for Red Eléctrica, the Spanish grid operator. The blockchain network was secured with user codes. That’s very relevant for our clients because they could begin streamlining their reconciliation systems.”.

Reconciliations 52

Reconciliations Securities Banking Finance 52

PYMNTS

MAY 13, 2020

to China within only a few hours in order to secure a PPE shipment for healthcare providers. She and a group of volunteers are working to facilitate the procurement of PPE from that distributor for Boston-area hospitals, and so far have secured 1.4 The ability to quickly, securely and efficiently move funds within a day from the U.S.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

JANUARY 29, 2020

When it comes to helping corporates manage their supply chains, traditional banks tend to focus on the financing aspect via trade finance, factoring or other such products. Offering solutions that promote workflow automation from sourcing through to payment, reconciliation and accounting is not usually part of an FI’s product roadmap.

Banking 52

Banking Accounts Payable Vendor Management Reconciliations 52

PYMNTS

NOVEMBER 7, 2018

FIS leveraged its Trax corporate payments factory, which provides corporate treasury functions a highly secure platform for consolidating and standardizing their accounts payments workflow, to connect LVMH Group’s partner banks to the SWIFT gpi. Based in Paris, about 65 percent of the multinational company’s payments go across borders.

Treasury 58

Treasury Reconciliations Leverage eCommerce 58

Planful

JANUARY 19, 2016

With the right tools and processes in place, the year-end close and reporting process can be less stressful and painful for the Finance team, maybe – dare I say it – even something you look forward to. Intercompany reconciliations were a nightmare, with many phone calls to the foreign subs. Watch the Webinar Replay. Ah, the memories!

IFRS 40

IFRS GAAP Reconciliations Auditing 40

PYMNTS

SEPTEMBER 4, 2019

The company said in a release that AIG will provide senior funding as well as back-up servicing and specialist trade finance insurance. ” FastPay has so far secured movement of upwards of $6 billion in capital, and has helped to provide liquidity and to reduce financial friction for buyers and sellers in the media and technology space.

Advertising 43

Advertising Reconciliations Investments Technology 43

PYMNTS

JULY 23, 2018

.” PayStand noted that the network will focus on improving the payments lifecycle, from accounts receivable to invoice reconciliation. In 2016, the company lent its support for the application of blockchain in payment verification and security. The companies did not say when a prototype or working solution could emerge.

B2B 40

B2B Reconciliations Invoicing Leverage 40

PYMNTS

JANUARY 8, 2020

The company allegedly used false information, however, to boost incorrect financing it submitted as part of the contract. Allowing the lawsuit to proceed, it argued, “could potentially open the floodgates to holders of prepetition claims who are similarly unwilling to wait their turn through the claims reconciliation process.”

Sales 52

Sales Reconciliations Retail Finance 52

PYMNTS

SEPTEMBER 7, 2018

Another company includes Portal Finance , which works with factoring firms, banks and large enterprises to improve working capital through enhancing SMBs’ access to finance and promoting faster supplier payments. Portal Finance. The company said this week that it secured $1.75 Countingup. Based in the U.K.,

B2B 43

B2B Invoicing Reconciliations eCommerce 43

PYMNTS

OCTOBER 10, 2017

“Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded. Similarly, Asia and Latin America are set to see a 13.2

B2B 49

B2B Reconciliations Invoicing Accounts Payable 49

PYMNTS

MARCH 10, 2017

The company said this week that it will roll out an accounts payable solution using a virtual card payment method, a solution, Edenred noted, that “offers security, speed and traceability” for easier supplier payments and reconciliation.

Accounts Payable 55

Accounts Payable Accounting Reconciliations Finance 55