Simply Treasury

JUNE 3, 2021

Major priorities over the next one to two years: We are not surprised that Cash-Flow Forecasting comes out on top when the COVID crisis has been hitting us for the past year. The uncertainties surrounding the economy explain the difficulty in producing reliable and accurate forecasts. François Masquelier, Vice Chairman EACT.

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Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

Cube Software

SEPTEMBER 25, 2023

data entry, compiling and consolidating reports, and manual reconciliation) eat into valuable time that could be better spent on strategic thinking and more complex problem-solving. Time-consuming, manual tasks can significantly slow down FP&A teams. These tasks (e.g.,

Problem Solving 52

Problem Solving Reconciliations Forecasting Budgeting 52

Fpanda Club

APRIL 11, 2021

Repetitive operations such as data acquiring, verification, reconciliation and further regular reporting tasks based on these manipulations with historical data contributed to the bad reputation of FP&A as an uninteresting place to work. Forecasts should be as accurate as possible. FP&A is boring. HOW TO DEAL WITH.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Forecasting Budgeting Financial Modeling 130

CFO Talks

JANUARY 30, 2023

Increased automation of financial processes such as accounts payable, bank reconciliations, financial closes and reporting is freeing up the CFO’s time, enabling them to focus their energies on analysis and storytelling rather than crunching numbers.

Finance 52

Finance CFO Accounts Payable Forecasting 52

Centage

MAY 3, 2023

During the selection process, we looked at several budgeting and planning tools, but quickly narrowed it down to Planning Maestro because of the solution’s personnel planning and forecasting capabilities and its ability to easily integrate with Dynamics GP. Q: What are the biggest benefits you are seeing with Centage’s Planning Maestro?

Budgeting 52

Budgeting Forecasting Nonprofit Reconciliations 52

The Finance Weekly

SEPTEMBER 10, 2023

Reconciliation of core statements: At this stage, the model creator often verifies that the numbers in each of the core statements align with the data in the others. Use of historical data for forecasting assumptions: Existing historical data is used to generate forecasts for the same line items in the model.

Finance 52

Finance Financial Modeling Forecasting Concentration 52

The Finance Weekly

APRIL 5, 2022

The impact of data driven financial analysis goes well beyond its traditional role of budgeting and forecasting, and has the potential to contribute greatly as a forward thinking department for real-time decision making. More accurate forecasting. The cooperation between IT and finance has never been more important.

Financial Planning and Analysis (FP&A) 52

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

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.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

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

CFO Leadership

OCTOBER 10, 2023

Many have since advanced to intelligent process automation (IPA) — RPA amplified with artificial intelligence (AI) — to streamline and improve more complex work, from tax and compliance reporting to financial statement reconciliation. over at least the next decade.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

Future CFO

AUGUST 2, 2020

Excel remains the de facto standard for planning – users can quickly, cost-effectively and independently conduct budgeting, and forecasting. By automating important but frequent planning processes, you can react faster and work out fast and accurate budgets & forecast in times of uncertainty.

Planning 40

Planning Reconciliations Budgeting Auditing 40

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.

B2B 46

B2B Accounts Payable Reconciliations Cash Management 46

PYMNTS

MARCH 2, 2020

It reduces manual processes while increasing payment reconciliation timelines. . The news came as Groupon missed revenue targets by a wide margin while earnings per share came in at less than half of what analysts were forecasting. It strives to advance ticket sales while offering a seamless check-in process.

Reconciliations 52

Reconciliations Forecasting Technology Sales 52

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.

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Cash Flow Forecasting Banking Education Reconciliations 139

The Finance Weekly

FEBRUARY 22, 2023

This includes raising capital, managing cash flow, accurately accounting for business activity, and forecasting future performance. Build credible forecast capabilities All businesses have limited resources, and managing growth successfully requires the optimization of scarce resources such as money, time, talent, and materials.

Startups 52

Startups Finance CFO Forecasting 52

PYMNTS

NOVEMBER 12, 2020

Digitization efforts are being debated at a much more senior level, where treasurers are becoming more strategic in their outlook toward using data for cash flow forecasting and liquidity management. Businesses today “deal with dealers, distributors or other kinds of intermediaries.

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Treasury Cash Flow Forecasting Reconciliations Prioritization 118

PYMNTS

OCTOBER 30, 2020

Leybaert noted that, looking ahead, the company will be exploring cash flow forecasting capabilities that make use of the purchase order, invoice and payment data already at the company's disposal. They can pay it immediately, without typing in data because it's already extracted for them," said Leybaert.

Invoicing 110

Invoicing Cash Flow Forecasting Reconciliations Forecasting 110

Future CFO

APRIL 18, 2022

It also helps finance teams deliver financial results, create informative financial and management reports, and provide the chief financial officer (CFO) with an enterprise view of key financial ratios and metrics.

Finance 52

Finance IFRS GAAP Accounting Principles 52

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

Planful

JANUARY 11, 2022

Consistent with their 2018 forecast, McKinsey’s late 2020 study found that organizations that invested more in digital than their competitors were twice as likely to report outsize revenue growth. Now is the time for CFOs at organizations of all sizes to lean on AI to plan, budget, and forecast with greater accuracy, speed, and confidence.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

PYMNTS

APRIL 14, 2020

As a treasurer, maybe you would conquer the first few things, which are visibility and reconciliation, and then you would move into other niche areas that you want to automate further to add strategic value to the business.”. “Digitization is not about reaching a destination as you are constantly pushing the envelope,” Rangachari said. “As

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

Future CFO

AUGUST 3, 2021

We had to move away from annual, half-yearly, or the quarterly forecasts; become nimbler as the business environment changed daily. Forecasts were updated weekly to adjust and reflect what opportunities each day brought,” said a finance director at another Singapore company. Planning times had to be reduced. “We

Finance 52

Finance Forecasting Financial Modeling Accounts Payable 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

The Finance Weekly

JANUARY 22, 2024

Certified Treasury Professional (CTP) This certification highlights expertise in treasury management, showcasing proficiency in cash processing, reconciliation, and financial statement analysis. It builds a strong foundation by integrating theory, industry practices, and professional standards.

CFO 52

CFO Education Communication Leadership 52

PYMNTS

JULY 2, 2020

In addition to ensuring PCI compliance and the protection of sensitive transaction information, straight-through processing also means vendors gain access to valuable data to automate reconciliation, integrate information into ERP and accounting platforms, and analyze trends to drive more accurate forecasts.

Economics 104

Economics Accounts Payable B2B Reconciliations 104

PYMNTS

DECEMBER 4, 2020

Fitzmaurice added that “the new [pandemic] era of operating a non-optimized back office will affect a business’ ability to make fast decisions, which, as we have seen over the course of the pandemic, is vital, given the difficulties with traditional forecasting techniques. Enterprises have been onto this for a while.

B2B 57

B2B Invoicing Reconciliations Forecasting 57

CFO Thought Leader

OCTOBER 10, 2023

Think of your traditional budgeting and forecasting, your what-if analyses, your finance and business reporting. This is things like account reconciliations, incentive compensation, management. Finance and business professionals are the main users of the system, which they employ in really three different areas.

CFO 52

CFO Financial Planning and Analysis (FP&A) Finance Reconciliations 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.

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Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

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. “The

Accounts Payable 57

Accounts Payable Accounting B2B Reconciliations 57

PYMNTS

JANUARY 19, 2021

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.

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B2B Invoicing Reconciliations Treasury 93

PYMNTS

OCTOBER 31, 2019

It’s great to get a check, or wire, or ACH, but if you don’t know what it’s to be applied to, you have a huge cash application and reconciliation challenge.”. This leads to greater problems of being unable to analyze customer payment performance or forecast incoming payments based on which invoices remain outstanding.

Reconciliations 43

Reconciliations Invoicing B2B Treasury 43

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 76

SAP B2B Leverage Analyzing Data 76

Future CFO

NOVEMBER 5, 2019

What AI can’t do for the finance function at present While AI can do the above, Johnston said AI at present can’t reliably do a forecasting job such as revenue forecasting. 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

MARCH 1, 2018

“Spreadsheet” can be a four-letter word in corporate finance, but analysts say professionals continue to rely on the manual tool for everything from reconciliation to payroll. When looking for automated solutions, CFOs prioritize forecasting abilities as well as dashboards to display data insights.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Corporate Finance Analyzing Data Reconciliations 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.

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Cash Flow Forecasting Reconciliations Invoicing Forecasting 43

PYMNTS

AUGUST 27, 2019

The Certified Personal Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of digital tools — including cloud accounting portals, cash flow forecasting solutions and intelligent technologies like artificial intelligence (AI) — continuing to rise.

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Cash Flow Forecasting Accounting Standards Accounting Firms Reconciliations 60

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. Small business accounting platform Xero is targeting cash flow management enhancements through a recently-announced partnership with global payments company Transferwise. ”

B2B 52

B2B Accounts Payable Cash Flow Forecasting Reconciliations 52