CFO Talks

DECEMBER 10, 2024

Take Dixon Enterprises, a mid-sized manufacturing company. For instance, if the same person approves invoices and processes payments, thats a red flag. The companys internal controls were poorly designed and rarely enforced, allowing fake invoices and inflated revenue to go unnoticed.

Invoicing 52

Invoicing Compliance Reconciliations CFO 52

Bramasol

JULY 1, 2025

Features include: Automated Billing : SAP Cloud ERP can automatically generate invoices, track payment history, and manage revenue recognition, especially for subscription-based offerings. This reduces administrative effort and ensures timely payments.

SAP 52

SAP Compliance IFRS Auditing 52

Navigator SAP

JUNE 24, 2022

Legacy software systems no longer make sense for life sciences businesses, especially those in Pharmaceutical manufacturing. Legacy software doesn’t serve life sciences businesses well, be they biopharmaceutical makers or those manufacturing medical devices today. Data is siloed, hard to update, and time-consuming to store or use.

Pharmaceutical 246

Pharmaceutical SAP Manufacturing Compliance 246

PYMNTS

MAY 14, 2020

Invoice inaccuracies caused by either honest mistakes or deliberate fraud quickly add up if not caught and corrected, and unexpected monetary drains cause budgets to fall short of projections. Three-Way Invoice Matching. Forry noted that automating invoice processing and using three-way matching help prevent billing mistakes.

Invoicing 89

Invoicing Retail Accounts Payable Manufacturing 89

Centage

JUNE 2, 2023

Technology has been a boon for manufacturing in a million different ways – from online ordering, to faster invoicing, to optimizing sales teams. While all of this data helps manufacturing companies to be more efficient, when it comes it comes to creating a manufacturing budget , data is also just as critical.

Budgeting 85

Budgeting Manufacturing Forecasting Analyzing Data 85

VCFO

MARCH 17, 2023

How Attention to Inventory Can Make or Break Manufacturers A major factor in determining the success of a manufacturer is how well it manages its inventory. When manufacturers have too little inventory, they can’t fully meet customer demands and lose out on revenue as a result.

Manufacturing 70

Manufacturing Forecasting Profit and Loss Benchmarking 70

PYMNTS

JUNE 17, 2020

Connecting B2B vendors to financing on their unpaid invoices can grant them the financial stability they need to keep trade flowing, but it comes with its own set of challenges — both for the vendor and financiers. “Invoice finance is a very effective way for suppliers to obtain fast and affordable working capital,” he said.

Invoicing 68

Invoicing Finance B2B Credit Risk 68

PYMNTS

DECEMBER 28, 2020

Six months in prison will be served by the CEO of a children's apparel company after being found guilty of invoice fraud, a notice from the U.S. According to the DOJ, the CEO was involved in a scheme in which the executive intentionally understated the value of goods on an invoice in order to avoid custom duties owed to the U.S.

B2B 116

B2B Accounts Payable Invoicing Manufacturing 116

PYMNTS

MARCH 22, 2019

One way to secure funding is to use invoice financing. USD equivalent to help fund its efforts to help companies secure loans against invoices (through linkups with investors) using blockchain and artificial intelligence. To that end, Netherlands startup Finturi earlier this month said it had secured $2.2

Invoicing 65

Invoicing Finance Manufacturing Securities 65

PYMNTS

MAY 1, 2019

Payments solution provider Delego is rolling out its invoice presentment and payment solution, PayCenter, a SAP-integrated tool, to digitize and streamline accounts receivable. Delego’s PayCenter offers Delego RapidPay, which supports ACH, card, digital wallet and other payment methods when invoices are presented.

Invoicing 54

Invoicing SAP B2B eCommerce 54

Creative CFP

OCTOBER 2, 2018

Method 3 - Manual Manufacture at the time of Assembly (finished goods represented in inventory) The idea behind this approach is to buy in raw materials, track the quantity and value of those raw materials and then convert raw materials into tracked finished goods when you do an assembly in your workshop. So, let's manufacture then.

Manufacturing 52

Manufacturing Profit and Loss Invoicing Sales 52

PYMNTS

OCTOBER 20, 2020

Accounts payable and payments automation solution MineralTree has added automated PO and invoice matching for cloud-based accounting and financial management platform Sage Intacct , a press release says. The process of reconciling and matching invoices, when done manually, can be a time-consuming process for businesses, the release says.

Invoicing 52

Invoicing Accounts Payable Reconciliations Healthcare 52

CFO Plans

JULY 25, 2024

“`html SaaS Accounting Software for Manufacturing Businesses Maximizing Efficiency with SaaS Accounting Software for Manufacturing In today’s dynamic business landscape, manufacturing companies face a multitude of challenges in managing their financial operations efficiently.

Manufacturing 52

Manufacturing Accounting CFO Startups 52

PYMNTS

JUNE 23, 2020

As a company that incentivizes companies to pay their invoices earlier, Peasy is aiming to address some of the cash flow issues that have yet to fully materialize as the fallout from the global pandemic comes into clearer view. That’s one prediction from David Landsberg , co-founder and CEO of newly-launched Peasy. A Dynamic Incentive.

Invoicing 52

Invoicing B2B Manufacturing Finance 52

PYMNTS

MARCH 8, 2019

Invoice fraud, where emailed requests trick employees of various firms into sending money to scammers’ bank accounts, has been making the rounds in the United Kingdom. As much as £49 million (just over $64 million USD) were lost to invoice fraud, as measured through the first half of last year.

Invoicing 59

Invoicing Accounting Manufacturing Communication 59

PYMNTS

JUNE 17, 2020

To provide small companies with accounts payable (AP) automation, Medius is bringing its MediusGo invoice automation product to the American market. More than 6 in 10 — or 62 percent — of SMB invoices are based on hard copies, with the inclusion of an email with a PDF as an attachment.

Invoicing 52

Invoicing Accounts Payable Marketing Manufacturing 52

PYMNTS

DECEMBER 5, 2019

manufacturing sector, valued at approximately $2.4 manufacturing has encountered significant damage recently over the ongoing trade war with China. Smooth cash-flow operations will be essential for manufacturers to successfully navigate a challenging economic period. However, U.S. In fact, the U.S. Understanding O2C Upgrades.

Manufacturing 52

Manufacturing Invoicing Accounting Sales 52

Creative CFP

OCTOBER 2, 2018

Method 2 - The monthly manufacturing process (no finished goods are represented in inventory) The basic idea behind this approach is to buy in raw materials, and track the quantity and value of those raw materials. You then manufacture and sell a tricycle. If you check your balance sheet you will see the inventory is still there.

Manufacturing 52

Manufacturing Profit and Loss Sales Invoicing 52

PYMNTS

DECEMBER 15, 2017

Complex on so many levels, especially when it comes to payments and, more specifically, invoicing, where demands for payment are tracked through paper and electronic means. Flywire’s background in the healthcare and education space, along with its existing invoicing system, helped assist these businesses in new ways.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

Navigator SAP

FEBRUARY 17, 2022

Benefits of Cloud ERP in Finance Departments and Other Business Functions Cloud ERP software simplifies operations by allowing your business to centralize documents, create templates, automate and streamline processes, and track manufacturing and distribution progress in real time.

SAP 130

SAP Invoicing Manufacturing Compliance 130

PYMNTS

NOVEMBER 4, 2020

"In a limited span of three years, we have been able to generate business of 18 billion by enabling trade between 200,000 buyers and 20,000 sellers with zero-ground staff across 65 countries serviced by manufacturers based out of 14 countries.".

B2B 117

B2B Vendor Management Invoicing Manufacturing 117

PYMNTS

DECEMBER 10, 2018

The first domino in the set is the purchase order, and unless that PO is correct, everything else, including invoice and payment, can quickly fall into disarray. This is especially true for the manufacturing space, on which direct-spend procurement company SourceDay focuses. “The supplier needs visibility into that.”

Manufacturing 69

Manufacturing Accounts Payable Invoicing Communication 69

PYMNTS

NOVEMBER 16, 2020

155 percent more cases of invoice and payment fraud hit organizations from Q2 to Q3 , the latest analysis from Abnormal Security has found. The individuals are then said to have submitted fraudulent invoices to the university from the fake company, routing the payments to their personal accounts.

Invoicing 96

Invoicing Securities B2B Manufacturing 96

PYMNTS

JUNE 4, 2019

The publication highlighted Michelle Chan, the owner of a Hong Kong company that manufactures accessories for brands sold in Sears stores. million in unpaid invoices with Chan’s company, Mien Co. The news outlet said the unpaid invoices with Mien were for goods already shipped to Sears. ”

Invoicing 67

Invoicing Manufacturing Restructuring B2B 67

PYMNTS

APRIL 22, 2019

Digital payments entity and eCommerce platform Infibeam Avenues and blockchain startup Primechain Technologies have announced a partnership to implement a cross-border blockchain invoicing platform for the $12 trillion global trade finance market.

Invoicing 43

Invoicing Finance Pharmaceutical Auditing 43

PYMNTS

OCTOBER 31, 2017

The beauty of paying with a check is, typically, the check is accompanied with the invoice, and all the information is there in front of you,” he recently told PYMNTS. You have the invoice, the check, the bank information — everything is there.”. There’s a big issue about connecting an electronic payment to an invoice,” he added.

Invoicing 41

Invoicing Treasury Reconciliations B2B 41

PYMNTS

OCTOBER 23, 2019

In the manufactured housing industry, consumer buying habits are actually a major pain point for buyers, which include property managers and maintenance professionals, according to Purchasing Platform CEO Dave Bowen. “A The platform then submits purchase orders to the appropriate suppliers, which are then able to invoice Purchasing Platform.

Manufacturing 40

Manufacturing B2B Invoicing Accounts Payable 40

PYMNTS

OCTOBER 5, 2020

Against that backdrop, companies are re-evaluating and redesigning their entire supply chains, cost management life cycles and other processes across all industries from healthcare to manufacturing. Comdata, she said, has mimicked the flow from claims to invoice to payment to reconciliation.

B2B 130

B2B Healthcare Reconciliations Accounts Payable 130

PYMNTS

JUNE 15, 2020

And physical disruptions in the manufacturing or delivery of goods have been delaying payments.” per invoice is the starting price of a new credit insurance offering launched by Nimbla and Dancerace , announced last week. “In other cases, lower demand for goods has been causing income shortfalls.

B2B 73

B2B Invoicing Manufacturing Finance 73

Fpanda Club

MARCH 14, 2021

Lean is usually associated with manufacturing and supply chain, but it can be applied to any field including finance. The Lean Enterprise Institute Inc. defines lean as creating more value for customers while minimizing waste which means using fewer resources.

Finance 130

Finance Benchmarking Transportation Accounts Payable 130

PYMNTS

DECEMBER 14, 2016

In an interview with PYMNTS, Eyal Rosenberg, cofounder and CEO of the firm, stated that the cloud, in general, “represents a central place” for relationships between firms and their suppliers, as they interact across purchasing activities, invoices and across regions or countries, all in real time.

Communication 70

Communication Invoicing Manufacturing Compliance 70

PYMNTS

MARCH 19, 2019

LionOBytes earlier this month said it had launched Lion0360, a tech-driven solution that, among other offerings, features warehouse and route management across a single platform, along with the ability to track orders and invoices. He cautioned against “picking a process that includes human intervention.”.

Invoicing 74

Invoicing B2B Manufacturing Finance 74

CFO Simplified

JUNE 23, 2022

Codes and processes Accounts Payable invoices. Evaluation of manufacturing costs to identify opportunities for cost savings or abnormalities. Here’s a list of ten tactical things that a controller does: Maintains the company’s bank balance. Calculates and enters payroll. Reconciles the bank accounts. Issues Accounts Payable checks.

CFO 96

CFO Cash Flow Forecasting Accounts Payable Forecasting 96

PYMNTS

DECEMBER 10, 2019

In 2019, 42 percent of B2B invoices were paid by paper check. Add to that image, this one: PYMNTS research finds that nearly 44 percent of invoices are still sent by fax machine and over 72 percent arrive via USPS. There’s a quiet crisis in American manufacturing, and no, for once it’s not China. In America’s $2.4 Late Again.

Manufacturing 52

Manufacturing Invoicing B2B Accounting 52

PYMNTS

JANUARY 21, 2021

Manufacturers’ terms of payments often call for a 30 percent advance by bank transfer before production starts and the settlement of their invoice before shipment. “A growing number of companies operate internationally and source products overseas,” he said, according to the release.

B2B 87

B2B Invoicing Manufacturing Currencies 87

PYMNTS

OCTOBER 10, 2019

Along the manufacturing supply chain, the order to cash cycle can be anything but orderly. That’s because the relationships between manufacturers and their suppliers can span a broad range of payment types and currencies as transactions cross borders. percent of invoices are still delivered via fax machine and 72.4

Manufacturing 46

Manufacturing Invoicing eCommerce Sales 46

PYMNTS

AUGUST 24, 2018

According to the press release, Allied targets small and middle-market companies with its invoice financing solution. The firm focuses on trucking, construction, manufacturing, staffing, oil and gas, and telecommunications borrowers, with financing ranging from $100,000 to $10 million. Its CEO, Clay Tramel, will remain in the position.

Banking 54

Banking Invoicing Manufacturing Construction 54