PYMNTS

MARCH 18, 2020

In a recent conversation with PYMNTS, Bectran Business Development & Implementation Manager Dominic Biegel said it is certainly a possibility that the continued impact of the coronavirus pandemic could add pressure on businesses to migrate away from paper invoices, or shift their own customers toward electronic payments.

Reconciliations 80

Reconciliations Invoicing Communication B2B 80

PYMNTS

JANUARY 8, 2021

One thing is customer service, but the other is liquidity management or cash flow forecasting, and that's new to a lot of organizations.”. To facilitate this transition in handling 24/7 cash flow, Whisler said TCH offers services such as intraday reconciliation. when businesses or consumers need to deliver or receive goods, she said.

Cash Flow Forecasting 139

Cash Flow Forecasting Banking Education Reconciliations 139

Global Finance

SEPTEMBER 9, 2024

And while the latest tools of the trade—artificial intelligence (AI) and machine learning (ML)—promise to make tasks such as liquidity forecasting, cash management, and risk management easier, they come with their own complications and tie the treasury team even more closely into management’s strategic planning.

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

PYMNTS

JULY 10, 2019

The payments and technology giant announced Tuesday (July 9) the rollout of its Virtual Card Receivables Service, a tool to digitize the virtual card payment acceptance and reconciliation process for businesses.

Cash Flow Forecasting 62

Cash Flow Forecasting Reconciliations Invoicing B2B 62

Trade Credit & Liquidity Management

JUNE 10, 2025

The policy should consider your company’s risk tolerance, revenue, and profit objectives while supporting the sales and cash forecasts. Do a courtesy call for current high-dollar invoices. Ask if the invoice is in order and scheduled to be paid within terms. Collectors should never chase only specific invoices.

Invoicing 52

Invoicing Sales Accounting Securities 52

PYMNTS

MARCH 4, 2020

“Native ERP reporting typically isn’t optimized to handle the structure of financial data, or many of the complex requirements like granular data, drill-downs, automated reconciliation and comparative reporting,” he said.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

JANUARY 19, 2021

Those pain points center around cash flow, manual processes (where employees match invoice and payment data), and the management of suppliers. The enhanced data they’re able to generate through virtualization simplifies reconciliation and gives them access to reporting, enabling them to better forecast future cash flows,” Blair explained.

B2B 93

B2B Invoicing Reconciliations Treasury 93

PYMNTS

JULY 2, 2020

Firms might already be using their cards for corporate travel spend or micropayments, but may rarely use the payment tool to settle supplier invoices. “It’s about expanding that mindset to being able to use a commercial card to pay all suppliers, large and small,” he said. “It’s also the ergonomics of it.

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Economics Accounts Payable B2B Reconciliations 104

PYMNTS

JULY 10, 2019

Traditional accounts payable suffers multiple points of friction often rooted in that data is stored on paper or stuck in emails, is rarely integrated across multiple back-office systems, and is not easily digitized and analyzed for reconciliation and cash management purposes. Open Banking. Bank-FinTech Collaboration.

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

Future CFO

APRIL 7, 2022

As a SaaS-based platform, SAP Concur connects expense, travel and vendor invoice spending in one system providing a single way to manage spending from end to end for greater visibility into transactions, improve compliance, and simplify the process for everyone – finance and employees. banking fees).

Finance 98

Finance SAP Cash Management Invoicing 98

The Finance Weekly

APRIL 13, 2024

This includes tracking past financial activities, ensuring compliance and reporting, as well as forecasting future financial scenarios for better budgeting. After aggregating and validating your forecasting data, you can choose between a tabular data presentation or a visual dashboard for sharing insights with stakeholders.

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Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

PYMNTS

NOVEMBER 24, 2020

Estimates from from Frost & Sullivan earlier this year forecast the B2B eCommerce market to hit more than $6.6 There is also a slew of manual work typically linked to other processes including administrative tasks like invoicing and reconciliation. trillion worth of sales — significantly more than the estimated $3.2

B2B 72

B2B eCommerce B2C Reconciliations 72

PYMNTS

AUGUST 8, 2019

And among the biggest challenges he pointed to for both accounts payable and accounts receivable professionals is reconciliation and being able to understand what payments are matched to which purchase orders and invoices — a data hurdle often unaddressed by check and other traditional payment tools.

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Accounts Payable Accounting B2B Reconciliations 57

PYMNTS

MARCH 27, 2019

“By streamlining supplier onboarding, tax compliance, invoice processing, global payments and payment reconciliation, Tipalti helps modern finance organizations strategically scale more rapidly and efficiently.” The enhanced integration aims to strengthen control and communication for both ends of the transaction.

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B2B Accounts Payable Reconciliations Cash Management 46

PYMNTS

NOVEMBER 22, 2016

Researchers forecast mobile payments to account for $1 trillion in transactions next year. “Things like digital invoicing, virtual cards and cloud-based finance and accounting will help the bottom line of smaller businesses by enabling them to process and receive payments quickly,” he stated.

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B2B B2C Vendor Management Reconciliations 65

Spreadym

JUNE 19, 2023

Here is a general process for effective cash flow management: Establish a Cash Flow Forecast: Begin by creating a cash flow forecast, which estimates the expected cash inflows and outflows over a specific period (e.g., This forecast serves as a baseline for monitoring and planning your cash flow.

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Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

Future CFO

NOVEMBER 5, 2019

In addition to the above, there are also AI tools in the market that allows the finance function to automate the recognition of documents such as invoices and receipts and data extraction. 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 Invoicing Auditing Reconciliations 52

PYMNTS

OCTOBER 31, 2019

the ability to not only receive a check payment, but know what invoice that check is for), is a functionality with which many electronic payment solutions today continue to struggle. It enables payment information to travel with the payment so that the payment can be properly applied to the appropriate invoice,” he said. “In

Reconciliations 43

Reconciliations Invoicing B2B Treasury 43

PYMNTS

APRIL 9, 2019

Meanwhile, the trade credit insurance market has progressed along its own separate trajectory of innovation and FinTech disruption, with service providers targeting smaller vendors as potential customers that need to insure their invoices against nonpayment. ”

Finance 63

Finance Cash Flow Forecasting Reconciliations Treasury 63

PYMNTS

FEBRUARY 25, 2020

One of the biggest points of friction in B2B payments for both buyers and suppliers is capturing information about a transaction, and feeding that data into back-end systems for automated accounting and reconciliation. Expanding the Integration Scope Beyond the Payment.

B2B 69

B2B Accounts Payable General Ledger Reconciliations 69

CFO Simplified

APRIL 8, 2022

She did payroll, accounts payable, invoicing and cash receipts. Bank reconciliations should be reviewed by management. Develop a cash flow forecast, identifying cash to be received and cash expenditures each week. Match the forecast to actuals on a weekly basis. The owner viewed her as key to running the business.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Reconciliations Forecasting 52

Bramasol

JUNE 30, 2023

By analyzing large volumes of data and identifying patterns and trends, AI systems offers valuable insights for market analysis, customer segmentation, demand forecasting, and strategic planning. Smart Process Automation: AI-powered automation can streamline and optimize various B2B processes, leading to increased efficiency and cost savings.

SAP 82

SAP B2B Leverage Analyzing Data 82

Future CFO

MARCH 27, 2025

"Over the last several years, technologies like Robotic Process Automation and Intelligent Document Processing have streamlined invoice processing, expense management, and reconciliation tasks, resulting in reducing errors and freeing up finance professionals to focus on strategic decision support rather than administrative work," he says.

Compliance 52

Compliance Financial Planning and Analysis (FP&A) Forecasting Financial Analysis 52

Bramasol

JUNE 25, 2024

For example, the shift toward subscription-based, recuring revenue offerings in the Digital Solutions Economy (DSE) is requiring significant process changes in order to unify billing, invoicing, delivery, collections, etc.

Compliance 64

Compliance Accounting Financial Planning and Analysis (FP&A) SAP 64

CFO Plans

SEPTEMBER 24, 2024

These services provide valuable insights into cash flow management, budgeting, and financial forecasting, helping SMEs make informed decisions and achieve long-term success. Automated accounting services reduce the time and effort required to manage financial tasks, such as invoicing, expense tracking, and reconciliation.

CFO 52

CFO Startups Tax Planning Accounting 52

PYMNTS

JUNE 11, 2020

The integration includes short-term cash flow forecasts as well as a “snapshot” feature for SMBs to compare different cash flow periods. Further, Xero has added a Pay Through Transferwise capability that allows small businesses to pay and reconcile multiple invoices at once from the Xero portal. ”

B2B 52

B2B Accounts Payable Cash Flow Forecasting Reconciliations 52

Future CFO

APRIL 4, 2023

This involves activities within the source to pay such as invoice processing and payment as well as month-end reporting and reconciliation work. The next stage of expansion involves more value-add activities by the Finance team such as budgeting and forecasting, credit management & collections, tax compliance and FP&A.

Finance 52

Finance Reconciliations Invoicing Budgeting 52

Future CFO

MAY 5, 2025

Additionally, others are gradually integrating automation and AI into tasks such as invoice processing or reconciliation, freeing up time for higher-value work." AI and machine learning tools are increasingly handling processes , including data entry, reconciliation, and even basic reporting," he explains.

Finance 52

Finance Reconciliations Compliance Communication 52

Planful

MAY 25, 2017

These systems can also support regular reporting and analysis of actual spending against budgets and plans, and they can support rolling forecasts of spending in future periods. 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

MARCH 26, 2018

SWIFT added that enhanced tracking capabilities support faster, automated and accurate reconciliation of payments and invoices, reduce FX risk exposure, and boost cash flow forecasting abilities.

Cash Flow Forecasting 43

Cash Flow Forecasting Reconciliations Invoicing Forecasting 43

PYMNTS

DECEMBER 4, 2020

Corporates, banks and financial institutions (FIs) have decentralized systems over time, putting up data siloes and “between [enterprise resource planning], source to pay and the final execution of the invoice payment, add[ing] layers of manual inputting for AP professionals.”. Enterprises have been onto this for a while.

B2B 57

B2B Invoicing Reconciliations Forecasting 57