Remove Invoicing Remove Manufacturing Remove Reconciliations
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Guardrails for Growth: How CFOs Can Master Internal Control Policies 

CFO Talks

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. The takeaway?

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Moving The Business Payments Focus From Price To Process

PYMNTS

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
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Reconciliation Troubles, Supplier Inexperience Exacerbate Late Payments

PYMNTS

As this week’s B2B Data Digest shows, late payments can also be the result of suppliers’ unfamiliarity with invoicing best practices. nearly doubling to more than $29 billion last year, the FSB said small businesses are seeking lending to manage their cash flows disrupted by unpaid invoices. revealed. .’s operations.

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MineralTree, Sage Team For Automatic Invoice Matching

PYMNTS

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.

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Invoicing, Internationally, On The Fly And With Flywire

PYMNTS

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. Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately.

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Suppliers Faced With New Friction As More Invoices Get Paid Electronically

PYMNTS

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.

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How FinTechs View Integrated Receivables In 2020

PYMNTS

At the same time, a shift to electronic payments causes more reconciliation challenges, so companies are spending more time reconciling and processing them than they do even for paper payments. If they don’t use automation, companies dedicate more people to the reconciliation challenge — but automation can significantly help.