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Capitalising on the Fintech apps in APAC

Future CFO

Supriya Deka: The general features of financial applications include accounting, reporting & analytics, bank reconciliation, billing & invoicing, asset management, budgeting & forecasting, financial risk management, expense tracking, and payroll management.

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Cambridge Global Payments Automates X-Border AP

PYMNTS

FLEETCOR -owned Cambridge Global Payments has announced the launch of its Invoice Automation Solution. The service automatically extracts data from invoices, PDFs and other trade documents and automates accounts payable while storing payables information for reconciliation and accounting.

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From Controller to CFO: What Changes?

CFO Talks

The Controller is primarily responsible for the meticulous handling of accounts payable and receivable, including the timely payment of invoices and the collection of monies owed. The completion of bank reconciliations and management reports falls under the Controller’s purview, who also prepares and issues financial statements.

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Canada’s Path Toward B2B Payables Modernization

PYMNTS

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
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Trimble’s TruckMate Kicks Accounts Receivable Into High Gear

PYMNTS

Research published last year from the International Factoring Association (IFA) pointed to the trucking and freight industry as the market that uses invoice factoring solutions more than any other. Invoices submitted for financing by freight factoring firms account for more than one third of all invoices processed for funding, the IFA said.

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B2B APIs Underscore The Need For Speed

PYMNTS

Contrast that with the fact that well over 40 percent of B2B invoices are still paid by paper check. The Central Bank of the Philippines is replacing a manual regulatory data process with a set of APIs that perform cross-validation, reconciliation and more.

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In Lending, Next-Day Payout Doesn’t Cut It

PYMNTS

The largest financial institutions, he said, can build propriety solutions in-house to integrate push payments — but these emerging FinTechs in alternative and marketplace lending spheres should have a partner to ensure solutions are Payment Card Industry (PCI) compliant and have proper risk management capabilities in place.