article thumbnail

Ancora On Streamlining AP Processes With Machine Learning

PYMNTS

In an interview with PYMNTS, Noel Flynn, CEO of ancora Software , pointed to a number of driving forces behind accounts payable automation, including the desire by executives to reduce operating costs. But they still need to be processed as a paper invoice.” But that’s changing. This will eliminate lost documents and storage,” he said.

article thumbnail

Flywire: ‘I Wish For Embedded Payments To Become Ubiquitous In 2021’

PYMNTS

We already have good examples of embedded B2B finance to go by in manufacturing, technology and professional services: A limited number of firms are using embedded payments to streamline the international invoicing and AR processes with their customers. This simplifies a typically complex, costly and slow process for both parties.

B2C 70
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Bookings vs billings vs revenue: What’s the difference?

Onplan

Billings are what you invoice your customers. In the case of the example 3-year contract above, your billings are the annual amount you invoiced the customer—$10,000 each year. Of course, you can’t pay salaries with customer invoices either—it’s important to make sure you’re collecting your accounts receivables expeditiously.

GAAP 59
article thumbnail

Bookings vs billings vs revenue: What’s the difference?

Onplan

Billings are what you invoice your customers. In the case of the example 3-year contract above, your billings are the annual amount you invoiced the customer—$10,000 each year. Of course, you can’t pay salaries with customer invoices either—it’s important to make sure you’re collecting your accounts receivables expeditiously.

GAAP 52
article thumbnail

Chinese Banks Pained By Shifting Position In Global Trade Finance

PYMNTS

New research from East and Partners, released this week, discovered that CFOs the world over are changing their supply chain financing practices as they plan to reduce the number of banks from which they access this type of financing. One way China has aimed to stunt that outflow has been to target cross-border trade invoice fraud.

Finance 43
article thumbnail

The Virtual Card Case For Nonprofits

PYMNTS

The virtual card has gained attention in recent years for its ability to not only digitize corporate payments but to safeguard them, often coming in the form of a one-time-use card number designated for a specific purchase category and value. Speaking of the AP professional, that’s the third benefit: streamlined accounts payable processes.

article thumbnail

Trends & Insights in the Financial Service Industry in 2021

The Finance Weekly

Accounting software can automate the process of sending invoices, calculating taxes, and preparing financial statements. With the use of heuristics, graph algorithms, and transaction flow analysis, Data Science algorithms evaluate a huge number of transactions to find anomalies. However, managing automation isn't for everyone.