Future CFO

JANUARY 22, 2024

The accounting industry is undergoing profound transformation due to rapid technological advancements across all sectors in the market. Modern accounting software integrates seamlessly with diverse financial systems, automating tasks such as data entry, bank reconciliation, and invoice processing.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

PYMNTS

OCTOBER 13, 2017

Order-to-cash is an area of cash flow management that has the potential to significantly enhance a business’s financial performance. Emagia recently announced a partnership with Solix Technologies, a big data company, with these capabilities in mind.).

Financial Data 40

Financial Data Invoicing Cash Management Technology 40

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. Optimizing Payments.

Accounts Payable 123

Accounts Payable Cash Flow Forecasting Prioritization Invoicing 123

The Charity CFO

APRIL 1, 2024

Implementing technology into your nonprofit accounting process can help solve a variety of issues—from tracking receipts to properly recording donations. In most cases, technology helps improve the efficiency and accuracy of nonprofit accounting. You’ll need to use the right technology systems to get these benefits.

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

PYMNTS

MARCH 4, 2020

Enterprise cloud migrations have opened up the ability for smaller businesses to adopt ERP technology once reserved for the largest corporates. At the same time, a surge in third-party financial platforms has disrupted the flow of data into the ERP, disbursing information throughout the back office. Modernizing the ERP.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

KG Virtual CFO

JUNE 20, 2023

This service is provided by professional bookkeepers who can access and maintain the business's financial information from anywhere, without the need for physical presence. In today's fast-paced and technology-driven business environment, it is essential for small businesses to stay competitive and efficient.

Financial Data 52

Financial Data Invoicing Cost Management CFO 52

The Finance Weekly

NOVEMBER 8, 2022

What is a financial tech stack? A tech stack, or a solutions stack, is the combination of technologies and software tools that an organization uses in order to conduct day to day business operations. The entire lifecycle of payments (invoices, payments, reporting, etc.) 6) Accounts Receivable/ Invoicing.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Accounts Payable Invoicing 98

Future CFO

MARCH 10, 2024

Automation—through the use of artificial intelligence (AI), large language models (LLMs), and other technologies—has the potential to change the anatomy of work and augment the abilities of individual workers by automating time-consuming manual tasks. The second big opportunity for financial automation is its ability to deliver new revenue.

Finance 52

Finance Invoicing Cost Management Technology 52

Future CFO

DECEMBER 17, 2023

For the upcoming year, AI is the connecting thread among SAP Concur executives’ predictions, the firm said, adding that AI is changing how all business is conducted, and travel, expense, and invoice (TEI) management is no exception. The 2024 predictions for finance from SAP Concur executive are as follows.

SAP 52

SAP Finance Budgeting Data Analysis 52

The Charity CFO

MARCH 27, 2024

Having reliable accounting software is essential to maintaining accurate financial records, and QuickBooks makes it easy to stay on top of transactions, invoices, and more. Luckily, QuickBooks Online lets your team connect and work with financial data from anywhere with secure internet access.

Nonprofit 40

Nonprofit Accounts Payable Compliance Invoicing 40

PYMNTS

DECEMBER 1, 2020

B2B invoices generally take 37.4 Kim Vodicka, vice president of commercial operations at Dell Financial Services, a division of Dell Technologies that provides financing solutions to businesses’ corporate and consumer clients, told PYMNTS , “APIs are becoming a very common request in the payment space.

Treasury 64

Treasury Accounts Payable B2B Invoicing 64

PYMNTS

JANUARY 3, 2020

With a robust community of technological innovators, and a drive toward the digital economy, India currently stands as an exciting market in FinTech. Alternative Financial Data. Small- to medium-sized businesses (SMBs) are now a critical component of the government’s push for economic growth.

Invoicing 48

Invoicing B2B eCommerce Finance 48

PYMNTS

FEBRUARY 20, 2020

Xero, Square Integrate For Faster Invoice Payments. In another FinTech integration announcement , small business accounting platform Xero announced that payments company Square will support connectivity that allows invoices sent via Xero to include built-in Square payments functionality. Simply Completes First Open Banking Funding.

Accounting 87

Accounting Banking Invoicing Sales 87

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

MARCH 11, 2020

Bectran, which works in B2B credit management for software-as-a-service (SaaS) programs, announced the release of its enhanced Cash Application solution, which will accommodate multiple data formats and financial data APIs, according to a press release.

Invoicing 52

Invoicing B2B Accounting Financial Data 52

PYMNTS

JANUARY 5, 2020

The proprietary machine learning technology of the company takes in financial data from multiple sources, categorizing and digitizing it for accountants and bookkeepers. The solution processes and stores 45 new fields of small business financial information each second — from bank accounts, invoices, receipt photos and bills.

Banking 52

Banking Invoicing Investments Financial Data 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

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

OCTOBER 26, 2018

company’s cloud-based offering aims to help small businesses make more agile decisions, while also linking its tools to small business accountants, not only to analyze historical financial data, but to help SMBs to look ahead. million to eight local FinTech startups, including Nisa Finance , an invoice financing platform.

Foreign Exchange 77

Foreign Exchange B2B Invoicing Startups 77

PYMNTS

JANUARY 26, 2017

The company announced earlier this month that it has developed what it claims to be the world’s first technology to integrate blockchain into ERP systems like SAP. Being able to transmit this type of data via blockchain would make B2B processes like invoice processing and payments far quicker, the company explained.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

JULY 23, 2019

But when SMB suppliers land a contract with a large corporate buyer, they are often forced to accept whichever payment terms and habits that customer imposes upon the buyer-supplier relationship, and unfortunately, that often means delayed and even late invoice payments for a vendor. In the U.S., The firm, which announced a $33.6

Accounts Payable 58

Accounts Payable Invoicing B2B Finance 58

PYMNTS

MAY 18, 2018

Its winner was Hermyz , a company set on using technology to guide small businesses away from paper checks and toward digitization. Christopher Phillips started the company after hearing of invoice management challenges by his mother, a small business owner. What is the point of friction you wanted to address?

B2B 46

B2B Invoicing Accounting Securities 46

PYMNTS

MARCH 12, 2019

The deal marries Every’s services with Wave’s accounting, invoicing, payments and expense management offering, part of the firm’s broader strategy of building a holistic suite of SMB financial services. Acquisitions are an increasingly popular strategy for other financial services players, too. ”

Mergers and Acquisitions (M&A) 73

Mergers and Acquisitions (M&A) Banking Invoicing Financial Data 73

PYMNTS

DECEMBER 14, 2018

This week’s B2B venture capital roundup includes a slew of companies experimenting with enterprise data use cases. They include Internet of Things (IoT)-connected manufacturing machines, cross-platform financial data analysis, predictive analytics for inventory management and more. In all, more than $87.8 MachineMetrics.

B2B 51

B2B Startups Treasury Financial Data 51

PYMNTS

NOVEMBER 13, 2018

“Your traditional bank technology only works on what’s happened,” Lyons told PYMNTS in a recent interview. Now, FinTech firms are able to collect bank data and add it to the mix of information from other sources, like accounting platforms, invoicing, sales, upcoming bill payments and more.

Cash Flow Forecasting 73

Cash Flow Forecasting Accounting Banking Forecasting 73

The Finance Weekly

MARCH 5, 2024

Meanwhile, larger enterprises are updating their older technology stacks with superior and more robust alternatives. Chargebee complements these by offering a versatile billing platform that automates invoicing, subscriptions, and revenue recognition.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Leverage Cash Management 52

PYMNTS

FEBRUARY 5, 2018

The discussion around sharing financial data today is most often in reference to major industry happenings, like PSD2, Open Banking and the sudden influx of APIs in the financial services space. Information technology (IT), whose professionals juggle more than 10 apps in the workplace, on average. released last year.

Finance 43

Finance Financial Data Invoicing Communication 43

PYMNTS

JANUARY 16, 2020

For example, startup Revolut has an API that accesses clients’ financial data on the Intuit QuickBooks accounting platform and adds banking connectivity, giving SMBs new transparency and control over liquidity, cash management and more. That idea understandably has immense appeal to SMBs, and APIs are the conduit.

B2B 53

B2B Finance Cash Management Invoicing 53

PYMNTS

SEPTEMBER 12, 2016

. “Xero subscribers will also be able to discover new apps in the Xero ecosystem and query their latest financial data, such as who owes them money or when their next bill is due.” The technology can respond to requests for balance information, send invoice reminders upon request and other tasks.

Invoicing 68

Invoicing Accounting Accounting Firms Financial Data 68

PYMNTS

MAY 25, 2016

But something has happened over the last few years, according to Coupa VP of Strategy and Product Marketing Donna Wilczek: Technology has enabled AP professionals to become strategic and massively important to the success of any corporation, large or small. Do we want to ask for a discount and pay the invoices early?

Accounts Payable 46

Accounts Payable Invoicing Prioritization Accounting 46

PYMNTS

NOVEMBER 29, 2018

SMBs about their attitudes surrounding Open Banking and, specifically, its reliance on data sharing between banks and third parties. While one-third of SMBs said they are “wide open” to Open Banking, one quarter said they are just the opposite and would not allow sharing of their financial data under any circumstance.

Banking 56

Banking Financial Data Investments Cash Management 56

PYMNTS

JULY 23, 2020

You want to be able to onboard [new vendors] into your system to be able to accept electronic payments, so the very first invoice is paid electronically. CFOs and CIOs are notoriously controlling about financial data ; it’s in their job description. It’s really key to kicking off that new relationship,” Anderson said.

Accounts Payable 60

Accounts Payable Invoicing CFO Accounting 60

PYMNTS

NOVEMBER 4, 2016

In B2B payments, that can mean discontent in the way traditional banks and FIs do business or a need for disruptive technologies to come to market faster than banks can offer. Deals were made with B2B invoicing and payments firm Viewpost, as well as health care blockchain company Gem and natural language search technology company ClearGraph.

Treasury 79

Treasury B2B Leverage Reconciliations 79

PYMNTS

JUNE 22, 2016

“The root of these inefficiencies is that businesses rely on paper for most of their orders and invoicing, and they receive customer remittance data in inconvenient formats, such as paper, email or fax, that must be rekeyed for reconciliation,” IOFM explained.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

Future CFO

MAY 24, 2020

At the same time, 83% of respondents said their tax and finance personnel will shift from focusing on technical skills to data, process and technology skills over the next three years, as 84% anticipate an increase in workload from complying with digital tax filing requirements.

Finance 52

Finance Compliance Restructuring Tax Planning 52

PYMNTS

JUNE 26, 2020

“When an existing invoice is reconciled in the bank using ‘Create Transaction,’ Xero creates a duplicate with both an unpaid invoice and a paid transaction for the same item, which can result in paying a supplier twice.” ” Those are small data hiccups with the potential for damaging consequences.

Accounting 52

Accounting Cash Flow Forecasting Invoicing Prioritization 52

PYMNTS

OCTOBER 2, 2017

That skepticism has largely waned, though, with many organizations taking a hybrid approach to cloud solutions and, eventually, entrusting the cloud to store key information like financial data. Putting financial data in the cloud [could] be perceived as a major security risk.”. The Trouble With Data.

SAP 43

SAP Financial Data Finance Accounting 43