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From Paper to Digital: The Evolving E-Invoicing Mandate

Trade Credit & Liquidity Management

With over 100 countries mandating its use, e-invoicing has transformed billing practices worldwide. Initially seen as a simple cost-saving measure, such as emailing PDF invoices, e-invoicing has evolved into a sophisticated system requiring structured data formats and strict tax compliance.

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PodChats for FutureCFO: AI trends shaping the future of finance

Future CFO

At FutureCFO , we will likely see finance practitioners dabble in emerging technologies to enhance real-time decision-making, optimise invoice-to-cash and source-to-pay workflows, and allow CFOs to prioritise strategic initiatives over routine tasks.

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Buyers And Suppliers Tackle The Invoice-To-Pay Digitization Journey

PYMNTS

The Optimizing AP and AR Playbook , a collaboration between PYMNTS and OnPay Solutions , found last month that an estimated nine billion paper invoices are processed every year in U.S. For both sides, the transaction data of a virtual card payment means streamlined reconciliation and reporting. “That’s not the case. .

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The Guide for an Accurate Bank Reconciliation

The Finance Weekly

What Is Bank Reconciliation? Bank reconciliation is a process companies use to ensure that their recorded cash balances align with the actual cash held in their bank accounts. Nevertheless, banks still manage most business accounts, and the same reconciliation procedures can be applied to these other cash positions.

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OCBC: Leveraging Digital Cash Management Tools for 24/7 Banking

Global Finance

Business accounts have also evolved, with customers able to generate tokenized account numbers that add precision to transaction reconciliations. OCBC is the first bank in the market to create virtual accounts that can handle both collections and payments, providing customers with additional account management controls.

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Reconciliation Troubles, Supplier Inexperience Exacerbate Late Payments

PYMNTS

Late payments are a reflection of a broader challenge in B2B payments: Large corporate buyers can wield their market power with small suppliers that lack leverage to negotiate faster payment terms. As this week’s B2B Data Digest shows, late payments can also be the result of suppliers’ unfamiliarity with invoicing best practices.

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Why PDFs Aren't Enough To Digitize The Procure-To-Pay Workflow

PYMNTS

Digitizing documents is key to optimizing workflows, but when it comes to the procure-to-pay space, not all digital invoices and purchase orders are created equal. XML invoices, which digitize the data on the invoice, are only a fraction of total invoice volume. What It Means to Be Digital.

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