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FloQast Augments Reconciliation Automation With AI

PYMNTS

Accountant close management software company FloQast has upgraded FloQast AutoRec, the company’s AI-powered solution to account reconciliation, according to a release. . For the unmatched transactions that are left, FloQast helps those get resolved through a standardized Excel account reconciliation, and it has a full audit trail.

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OneStream Launches Automated Account Reconciliation

PYMNTS

Transaction Matching, according to the press release, eliminates extra costs that third-party companies might impose and leverages the existing data for many transactions all at once. The Transaction Matching software goes hand-in-hand with OneStream’s existing Account Reconciliation.

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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. But late payments aren’t the only symptom of unequal B2B relationships.

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Mastercard, EnKash Team To Expand Commercial Card Use In India

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Commercial cards have seen an increased adoption in both large and small Indian businesses as an option to protect and digitize supplier payments, drive savings and simplify reconciliation, according to the release. Corporates will have improved compliance and security in strategic purchases and larger payments.

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FISPAN and the Future of Data

FISPAN

A powerful financial platform needs to enable third-parties the ability to leverage its underlying connectivity and help banks better serve their customers to provide enhanced financial experiences to the clients of these third-parties themselves (aka mutual clients).

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Best Practices to Perfect Your Month-End Close With Sage Intacct

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Accruals and reversals are automated, and entries are visible at all times, reducing the manual work needed for journal entries and reconciliations. Move Beyond Traditional Manual Processes With Sage Intacct In the world of modern business and new advancements, companies need to leverage technology to stay competitive and drive growth.

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CIBT Partners With Conferma Pay On Virtual Cards For Business Travel

PYMNTS

. “With a cashless, plastic-free payment offering, virtual cards are replacing legacy payment methods because they overcome many historic payment challenges, such as labor-intensive reconciliation, fraud exposure and limited data insight,” according to the release.