article thumbnail

The Benefits Of Virtual Cards For B2B Payments

PYMNTS

Many AP departments still rely on checks to settle B2B invoices, however, despite the speed and convenience that payment methods like virtual cards offer. percent of AP professionals would like to implement electronic invoice solutions, and that 22.9 PYMNTS reported that 46.4 For example, a firm that earns 0.5

B2B 71
article thumbnail

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.

CFO 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The best cash flow management software for business

Spreadym

Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. Implement efficient invoicing processes, offer incentives for early payments, and promptly follow up on overdue payments to minimize the risk of cash flow gaps.

article thumbnail

Mid-Year Update on Key Trends to Watch

Bramasol

By analyzing large volumes of data and identifying patterns and trends, AI systems offers valuable insights for market analysis, customer segmentation, demand forecasting, and strategic planning.

SAP 76