PYMNTS

MAY 6, 2019

Yet invoicing and payments haven’t kept up with the times. This so-so score is due to a number of factors. percent) still use paper checks to pay invoices. A significant share of invoices (43.8 percent of invoices are processed in less than one week when three to five people are involved. out of 100.

Invoicing 43

Invoicing Accounts Payable Accounting Numbers 43

PYMNTS

OCTOBER 1, 2019

Accounts receivable automation firm Invoiced is adding new features to its solution, including support for recurring payments and enhanced cash flow forecasting for CFOs. “These new features and many others further distinguish Invoiced as a true, end-to-end platform, and set us apart from more narrowly focused products and tools.”

Invoicing 43

Invoicing Cash Flow Forecasting Forecasting Compliance 43

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 reported in LondonlovesBusiness , a significant number of companies do not conduct basic due diligence when it comes to making sure the requests are genuine.

Invoicing 59

Invoicing Accounting Manufacturing CFO 59

PYMNTS

AUGUST 14, 2018

Amazon ‘s new payment option that allows business sellers to pay by invoice officially went into effect for third-party sellers on August 8. The eCommerce giant announced Pay by Invoice back in May. Instead, they’re invoiced and have the option to have an extended payment due date. percent of the total invoiced amount.

Invoicing 40

Invoicing Credit Risk eCommerce Accounting 40

PYMNTS

DECEMBER 8, 2016

7) that the cloud accounting platform can now support the use of Apple Pay for invoice payments, enabling users to settle bills without having to enter in card data. Apple Pay can reduce opportunities for fraud as it generates a one-time card number to complete a transaction without a transfer of a payer’s card details.

Invoicing 73

Invoicing B2B Accounting Securities 73

PYMNTS

JANUARY 26, 2018

Cloud invoicing company Invoice Cloud announced Thursday (Jan. In a press release , Invoice Cloud said thePayNearMe collaboration will mean customers can pay their bills with cash at CVS Pharmacy, 7-Eleven, Family Dollar, Casey’s General Stores and ACE Cash Express stores. Turns out, we were wrong. cash still reigns supreme.

Invoicing 40

Invoicing Retail Numbers 40

PYMNTS

JUNE 26, 2017

Australia-based SME accounting company MYOB has reportedly been affected by a malware scam involving fraudulent invoices. The scam sees attackers using the MYOB name to send malware and fraudulent invoices — the second time such an attack has impacted the company in 2017. The attack affects computers running Windows, reports said.

Invoicing 48

Invoicing Accounting Securities Numbers 48

PYMNTS

JULY 17, 2017

is adding support for companies that have foreign invoices, reports said Friday (July 14). The invoice financing company said it is adding euro and U.S. dollar capabilities to its solution, allowing businesses with invoices in these currencies to get financed. MarketInvoice, based in the U.K., MarketInvoice raised $9.5

Invoicing 41

Invoicing Finance Currencies Foreign Exchange 41

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 Foreign Exchange 48

PYMNTS

JANUARY 18, 2018

Imagine walking into Starbucks, getting the coffee, and telling the barista, “Thanks for the coffee … send me an invoice, and I’ll pay you in three months.”. Entrenched ways of doing things means that each invoice may be seen by eyes and touched by hand, and signed off on, slowing things down to a crawl at times.

Invoicing 40

Invoicing B2B Numbers Economics 40

PYMNTS

AUGUST 9, 2017

That’s because these companies are often working onsite and in the field, therefore having to issue invoices and accept payment on-the-spot, too. are sitting on $825 billion in unpaid invoices, with the average small- to medium-sized business (SMB) owed $84,000. Fundbox researchers estimated that small businesses in the U.S.

Invoicing 45

Invoicing Advertising Cash Management Securities 45

PYMNTS

JUNE 7, 2018

BlueVine’s only other product, invoice factoring, targets much larger businesses. BlueVine also offers invoice factoring , which was very much a greenfield when Lifshitz founded the company five years ago. ” That said, invoice factoring is still a tricky business, but one that is highly scalable.

Invoicing 49

Invoicing Data Analysis Credit Risk Risk Management 49

PYMNTS

NOVEMBER 2, 2017

Reporters spoke with entrepreneurs to highlight the challenges they face in managing cash flow and staying in business, as more freelancers and small business owners must wait to see their invoices paid. small businesses see invoices paid in 23 days, compared to 45 days for Singapore SMBs. percent fee. “I are relatively quick.

Invoicing 40

Invoicing B2B Nonprofit Numbers 40

PYMNTS

MAY 12, 2016

Square announced yesterday (May 11) that it has processed over $2 billion in invoices since it launched in 2014 and said that the number of sellers who use the software has more than doubled in the last year alone. As a result, Square also announced the rollout of a new feature called Scheduled Invoices.

Invoicing 40

Invoicing Numbers Marketing 40

PYMNTS

FEBRUARY 1, 2021

While it is encouraging to see the number of data breaches, as well as the number of people impacted by them, decline, people should understand that this problem is not going away,” she said in a statement. From commercial card misuse to invoice fraud, internal employees can be the bad actors, too.

Invoicing 136

Invoicing Microsoft Office Accounts Payable B2B 136

CFO Share

MARCH 15, 2024

Bookkeeping’s role here is pivotal: Track and Manage: bookkeeping is more than noting numbers – bookkeeping ensures a seamless flow of cash receipts and meeting vendor and payroll obligations timely. Invoicing and Collections: Every invoice sent and every payment followed up on means securing what your business rightfully earns.

Invoicing 52

Invoicing Cash Management Compliance Finance 52

PYMNTS

JUNE 16, 2018

In a survey of accounts payable professionals released last week, analysts found that suppliers often struggle to gain insight into whether or not their invoices have been paid. ” “When will my invoice be paid?” ” Researchers surveyed more than 150 businesses about their accounts payable practices and policies.

Invoicing 40

Invoicing Accounts Payable Accounting Numbers 40

PYMNTS

MARCH 7, 2016

Procurement is becoming far more streamlined in terms of the source-to-pay process — that progression appears to be accelerating as businesses work together to make it easier for corporate buyers to settle their digital invoices. Key in this movement, however, is facilitating cross-border payments as SMEs look overseas for new partners.

Invoicing 40

Invoicing Currencies Numbers Accounting 40

PYMNTS

APRIL 28, 2017

The company uses artificial intelligence to automate repetitive business processes that involve enterprise software, like invoice management and data entry, helping companies save money by offloading these tasks from human contractors.

B2B 77

B2B Numbers Startups Invoicing 77

PYMNTS

JANUARY 18, 2021

This week's B2B Data Digest takes a look at the numbers behind the latest instances of fraud, including fraudulent invoices, corporate tax scams and more. $19 Amazon produces goods from its vendors, who must agree to adhere to purchase orders that list the product identification number, number of units and price per unit.

Invoicing 87

Invoicing Accounts Payable B2B Securities 87

PYMNTS

DECEMBER 28, 2020

In this week's B2B Data Digest, PYMNTS breaks down the numbers behind the latest cases of fraud, including the growing risks of small business loan fraud, a case of expense fraud, and the ever-persistent Business Email Compromise risk intensified by Brexit uncertainty. The DOJ accuses the individual of fraudulently invoicing more than $1.5

B2B 116

B2B Accounts Payable Invoicing Manufacturing 116

PYMNTS

JUNE 19, 2018

When it comes to invoice payments, speed thrills, like a fast-paced World Cup match. Creditsafe commissioned a study that ranked countries according to how quickly firms in each nation pay invoices. Thus, the Late Payments World Cup. As noted in SmallBusiness.co.uk , Brazil came in first, with payments days beyond terms (DBT) at 4.3

Invoicing 43

Invoicing Construction Retail Numbers 43

PYMNTS

SEPTEMBER 14, 2017

What makes this so difficult, some analysts say, is that when an employee is directed by a seemingly legitimate C-Suite executive at their company to initiate an invoice payment, an employee isn’t likely to disobey orders from upstairs. Interestingly, Trend Micro noted, the number of ransomware attacks appears to have plateaued this year.

Invoicing 41

Invoicing B2B Prioritization Education 41

The Finance Weekly

NOVEMBER 8, 2022

As the number and quality of software tools increases, companies are constantly looking to find better ways to cut down on manual work and increase efficiency. Finance is responsible for a large number of critical operations in a business. Finance is responsible for a large number of critical operations in a business.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Accounts Payable Invoicing 98

PYMNTS

JUNE 6, 2018

Blue Vine’s only other product, invoice factoring, touch businesses much larger. Blue Vine also offers invoice factoring, which was very much a greenfield when Lifshitz founded Blue Vine 5 years ago. That said, invoice factoring is still a tricky business, but one that his highly scalable.

Invoicing 40

Invoicing Data Analysis Credit Risk Risk Management 40

PYMNTS

DECEMBER 28, 2020

Tally Solutions Managing Director Tejas Goenka said the new service would help as India begins to force companies to adopt electronic invoicing (eInvoicing) in the next few months. In the new service, Tally will communicate with the Invoice Registration Portal (IRP) in order to send invoices in real time.

Invoicing 80

Invoicing B2B Education Communication 80

PYMNTS

MAY 1, 2017

Take a look at how enterprise cloud adoption, continued use of checks and other factors are swaying the numbers for these companies. when it released its second quarter fiscal year results last week, but the company revealed some promising numbers. In a statement, CEO Alan Rich said the firm is “thrilled” with these numbers.

SAP 40

SAP Numbers B2C Profit and Loss 40

PYMNTS

NOVEMBER 23, 2020

Now, amid the coronavirus crisis, many of those SMBs are getting hit even harder as supply chain disruptions, sluggish business and shutdowns have created a ripple effect of delayed invoice payments. 46 percent of small business invoices were paid late during the pandemic lockdown in the U.K.

Invoicing 82

Invoicing B2B Leadership Numbers 82

PYMNTS

MAY 3, 2016

In an effort to increase the flexibility and mobility of payments, literally, ZipBooks has unveiled its free iPhone-based app geared toward helping business owners grab capital when it is needed and also send invoices. Barely a week out of the gate, a significant number of active users have also embraced the mobile app.

Invoicing 40

Invoicing Accounting Banking Finance 40

Future CFO

MARCH 14, 2022

By implementing Esker’s Procure-to-Pay suite and Esker’s Accounts Receivable solution ( Invoice Delivery , Collections Management and Cash Application solutions ), the company has gained full visibility and clarity over payables and receivables. They must check whether this specific amount is expected and which invoices to relate it to.

Invoicing 97

Invoicing Finance Accounting Banking 97

CFO Share

FEBRUARY 23, 2024

In your journey as a small business owner, mastering cash flow management is more than crunching numbers; it’s the lifeblood that determines whether your dream thrives or just survives. This process involves: Adopting digital invoicing systems to reduce delays. Offering incentives for early payments to encourage quicker turnover.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Invoicing Prioritization 52

PYMNTS

SEPTEMBER 11, 2020

The Business Payments Coalition (BPC) is asking for industry input on the kinds of data connected with the most utilized invoice exchange processes in North America as the next phase in a digital invoicing initiative, according to an announcement.

Accounts Payable 70

Accounts Payable Invoicing B2B Accounting 70

PYMNTS

DECEMBER 7, 2020

This week's B2B Digest looks at how corporate finance scams come in all shapes and sizes, from employee expense fraud to invoice falsification. PYMNTS breaks down the numbers behind the latest cases below. 12,600 was scammed from an Australian business via a fraudulent invoice , local reports said.

Invoicing 91

Invoicing Construction Corporate Finance B2B 91

CFO Thought Leader

MAY 20, 2024

However, it serves businesses way beyond this by addressing all spend management challenges in order to allow users to manage their invoices and payments, approve workflows, and so on. Rational arguments, numbers, and analyses are usually necessary but not enough.” We don’t want to let our customers down.

CFO 52

CFO Leadership Restructuring Finance 52

PYMNTS

MAY 24, 2016

We use our own cloud-based Payment Cycle Management solutions for print and electronic invoice distribution, electronic payment processing and cash application processing from our lockbox. We now use cloud-based hosted solutions for most of our finance functions, including ERP, budgeting, planning, procurement and AP workflow.

Numbers 45

Numbers CFO Finance Risk Management 45

PYMNTS

NOVEMBER 9, 2020

Johanna Stridsberg , product owner at Payer, said in the release that the digitization of invoices will be another step for Payer to help boost user-friendliness. Invoicing is clearly the preferred method of payment across the globe," Stridsberg said, according to the release.

Invoicing 95

Invoicing B2B eCommerce Securities 95

The Charity CFO

FEBRUARY 4, 2022

Create invoices for goods, services, and donations. Enter bills and vendor invoices. Let’s take a deeper look at the four key bookkeeping tasks: payroll, invoicing, expense allocation, and recording business transactions. . Invoicing . Even if your nonprofit isn’t selling anything, you’ll still need to process invoices.

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98