PYMNTS

JANUARY 22, 2019

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. Hospitals can often struggle to manually reconcile cash flow coming from multiple sources.

Cash Management 73

Cash Management General Ledger Reconciliations Healthcare 73

CFO Thought Leader

APRIL 30, 2024

This exposure revealed to Levine that effective CFOs do more than manage numbers: They tell stories through them. Our offerings serve the office of the CFO—we have a product suite that spans everything from account close reconciliations to corporate consolidations and intercompany management to FP&A.

CFO 52

CFO Financial Planning and Analysis (FP&A) Leadership Auditing 52

PYMNTS

JULY 27, 2020

The only number currently trending downward is exchange deposits, declining 1.29 Eighty-five percent of the country’s banks, or 55 banks total, have made use of the solution to help switch up the process of interbank reconciliation. She said the Corda process has shortened that down to just one day to complete a reconciliation.

Reconciliations 55

Reconciliations Currencies Banking Numbers 55

PYMNTS

NOVEMBER 18, 2020

The pandemic has exposed glaring points of friction in any number of verticals – including banking, where it’s apparent that legacy systems and processes were not designed to handle real-time anything, and certainly not payments. Is real-time ready for prime time? Eyeing Efficiency . Looking Ahead.

Reconciliations 98

Reconciliations B2B Treasury Banking 98

PYMNTS

FEBRUARY 1, 2021

Reconciliation Challenges. Slow reconciliation processes can result in extra costs and headaches, for example, by tying up staff schedules with tasks that could be managed by automation instead, Hagan said. Many firms still have AR systems that require employees to juggle different software platforms and conduct procedures manually.

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

PYMNTS

FEBRUARY 11, 2020

We’ve digitized the manual reconciliation process and eliminated the need for expensive, paper-based [checks]. Interac eTransfer: Bulk Request Money offers payment reminders that can be facilitated using the payor’s email address or phone number.

Banking 57

Banking Reconciliations Treasury Leverage 57

PYMNTS

AUGUST 16, 2020

the newest update to its software, to help companies with faster account reconciliation, artificial intelligence, systems integration and more, a press release says. Trintech , which works in integrated Record to Report software, is releasing Cadency 9.0, According to experts, spending on AP automation is set to jump from around $1.9

Accounting 67

Accounting Reconciliations Auditing Financial Reporting 67

PYMNTS

JANUARY 31, 2017

From the corporate side, he explained, converting to an ISO environment not only involves the payment itself but the whole cycle they have for taking payments, including the reconciliation and processing of payments. Meaning it’s not a quick and easy switch to make.

Numbers 40

Numbers Education Pharmaceutical Reconciliations 40

PYMNTS

APRIL 7, 2019

“The enhancements improve the payment-to-settlement time, increase security and reduce costs for both payers and receivers by further automating and streamlining reconciliation of the growing number of international payments coming from different countries in different currencies,” the company said.

Reconciliations 62

Reconciliations Currencies Invoicing Compliance 62

https://trustedcfosolutions.com/feed/

FEBRUARY 11, 2023

Sage Intacct and more modernized systems are building the foundation for continuous accounting without the need for ongoing work — data calculations, reconciliations, and the collection of financial information — from your finance staff. Have questions about how you can improve the accuracy of your numbers and shorten the close cycle?

Accounts Payable 62

Accounts Payable Reconciliations Leverage CFO 62

CFO Talks

JANUARY 30, 2023

Increased automation of financial processes such as accounts payable, bank reconciliations, financial closes and reporting is freeing up the CFO’s time, enabling them to focus their energies on analysis and storytelling rather than crunching numbers.

Finance 52

Finance CFO Accounts Payable Forecasting 52

The Charity CFO

APRIL 29, 2022

The audit firm will come in to review your final end-of-year numbers and all the documentation they need to complete your audit. That means keeping your paperwork organized, staying current on your reconciliations, tracking restricted funds , and accurately recording all your expense and revenue transactions each month.

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

PYMNTS

JULY 27, 2020

According to the release, the Request to Pay service will attempt to reduce the number of late payments and could save billers as much as a billion pounds per year. Half of the respondents want “greater control” over their bill payments. Paul Horlock , Pay.UK ” .

B2B 76

B2B Reconciliations Numbers Accounting 76

PYMNTS

NOVEMBER 7, 2017

It aims to reduce Days Sales Outstanding and supports streamlined reconciliation. The FI added that AR and reconciliation can be especially challenging for companies that receive payments across borders. Payer ID assigns account numbers to each individual payer, enabling corporate treasury departments to match payment with payer.

Reconciliations 48

Reconciliations Treasury B2B Cash Management 48

Future CFO

OCTOBER 1, 2023

However, the extensive number of parameters and connections used to create these outputs prevent any transparent reconciliation of the algorithm’s response.

Leadership 52

Leadership Reconciliations Auditing Compliance 52

Bank of the West

NOVEMBER 22, 2021

Treasurers stand to benefit from R2P in a number of ways, like cheaper collections, increased straight-through reconciliation, and greater visibility and control, which make R2P a valuable revenue stream. What R2P Means for Treasury Operations.

Treasury 98

Treasury Reconciliations Banking B2B 98

PYMNTS

SEPTEMBER 22, 2020

The company noted that the product offers a full view and management over business spending in addition to allowing for orchestration, reconciliation and data on spending, according to a Tuesday (Sept. 22) announcement.

B2B 73

B2B Reconciliations Finance Numbers 73

PYMNTS

SEPTEMBER 23, 2020

In addition, PNC Bank intends to cut the number of its branch offices through 2021. The firm said that the product provides a complete view and supervision over business spending, while allowing for reconciliation, orchestration and information on spending. Deutsche Bank plans close 20 percent of its branch offices in Germany.

Banking 85

Banking Planning Currencies Reconciliations 85

E78 Partners

NOVEMBER 16, 2023

The number of respondents identifying AI as their foremost priority has increased from 12% in 2021 to 40% in 2023. By accelerating essential tasks such as data entry, reconciliation, and reporting, finance teams, and CFOs specifically can focus on high-value activities, strategic planning, and oversight.

Marketing 52

Marketing Reconciliations Prioritization Strategic Planning 52

PYMNTS

OCTOBER 18, 2020

Buxton previously worked for cloud application monitoring platform Datadog as VP of finance, where he led the company to a $9 billion valuation and a current market capitalization of upwards of $25 billion, with the number of employees growing from 100 to 2,000 during his tenure, the release says.

CFO 64

CFO Finance Reconciliations Credit Risk 64

PYMNTS

JANUARY 21, 2021

Thanks to this agreement, we can now offer JAGGAER customers and their suppliers improved tracking, reconciliation and speed of processing or receiving cross-border transactions in 134 currencies,” JAGGAER CEO Jim Bureau said in the announcement. The numbers came out to $2.5 US CFOs Consider How to Use Cash Reserves.

B2B 85

B2B Banking Reconciliations Currencies 85

CFO Leadership

JANUARY 25, 2024

The automation of forward-thinking expense management solutions has already streamlined the process significantly, through developments like eliminating traditional expense reports and shaving the reconciliation process from days or weeks to hours. But thanks to generative AI, that’s just the tip of the iceberg.

Reconciliations 52

Reconciliations Finance Technology Banking 52

PYMNTS

SEPTEMBER 9, 2020

In addition, they can collect funds into Banking Circle's Virtual International Bank Account Number (IBAN) accounts in their customers' names. By using the new services, efficiency is boosted and reconciliations can be done more easily for payments across different jurisdictions, the company stated.

B2B 64

B2B Banking Reconciliations Currencies 64

PYMNTS

FEBRUARY 28, 2019

The nearly $17 billion youth sports industry is facing a dwindling number of registered referees. Use of checks, cash and paper-based reconciliation was rampant. Reconciliation and Automation. The shortage threatens to hamstring kids’ abilities to play games as schools across the nation report declines. Speedy Disbursements.

Reconciliations 43

Reconciliations Accounting Banking Technology 43

PYMNTS

APRIL 7, 2019

The list ranks Coinbase — the only crypto or blockchain firm on the list — at number 35, while JPMorgan comes in at number 44. The trial showed that duplications and reconciliation processes could be removed from the process, with the first transaction taking less than an hour. employers for 2019.

Reconciliations 68

Reconciliations Numbers Banking Sales 68

PYMNTS

DECEMBER 11, 2020

In terms of mechanics, payers upload check batch files which are, in turn, digitized by MPX and sent to providers, which now number more than 160,000 across its network. The problem is they just can’t get rid of that check.”. The Mechanics . As Tracey told PYMNTS, “it’s only one location that’s needed to receive payments.”.

Healthcare 67

Healthcare Reconciliations Invoicing Numbers 67

PYMNTS

JANUARY 3, 2019

To help the system identify customers, they might be prompted to enter their seat numbers or passenger name record (PNR) numbers on the device. . “We We don’t want [them] to enter PNR or reference numbers — it makes the experience a bit clunky,” Vorster said. We don’t have a bulletproof solution at the moment.” .

Reconciliations 52

Reconciliations Sales Numbers Securities 52

PYMNTS

JANUARY 14, 2021

Those who work in hotels won’t have to manually handle payments or enter card numbers into terminals. Both the traveler and the agent can benefit from automated reconciliation, minimize the risk of fraud and experience a simple, secure, frictionless process from purchase to payment,” he stated.

Reconciliations 52

Reconciliations Communication Securities Numbers 52

PYMNTS

JUNE 3, 2019

Patient records numbering around 11.9 Over that period of time, a hacker was privy to credit card numbers, bank accounts, Social Security numbers, medical information and other personal data. Reconciliation offers a challenge, then, and the costs are high, as the industry spends $2.1

Healthcare 53

Healthcare Reconciliations Securities Numbers 53

CFO Leadership

JANUARY 5, 2024

The automation of forward-thinking expense management solutions has already streamlined the process significantly, through developments like eliminating traditional expense reports and shaving the reconciliation process from days or weeks to hours. But thanks to generative AI, that’s just the tip of the iceberg.

Leadership 52

Leadership Reconciliations CFO Finance 52

PYMNTS

JANUARY 30, 2020

BPN allows complex financial and payment data to seamlessly come together at scale while providing reconciliation to suppliers and buyers. CSI has a number of features for its payments platform, including “CSI Paysystems, CSI Travel, CSI Go, CSI Connect, CSI Invoice, global-fleet fuel cards, and white-label licensing for banks.”.

B2B 60

B2B Reconciliations Invoicing Accounting 60

PYMNTS

JUNE 1, 2020

The teams of EY will tap into the software technology of GTKonnect, which covers a number of areas with the inclusion of free trade agreements, import/export compliance, country of origin, master data management, foreign trade zones and tariff classification as well as reconciliation.

Reconciliations 52

Reconciliations Data Analysis Compliance Accounting Firms 52

Centage

MAY 3, 2023

With payroll being about 85% of our expenses, when it came to building the personnel budget, it was critically important that the numbers we used were accurate. Q: What are the biggest benefits you are seeing with Centage’s Planning Maestro?

Budgeting 52

Budgeting Forecasting Nonprofit Reconciliations 52

PYMNTS

APRIL 22, 2020

The new offering is available on the Sage Intacct Marketplace and will work immediately to get data from the reconciliation and close parts of a deal. By decreasing the number of tasks IT departments need to complete and removing manual processing tasks, the process is accelerated.

Accounting 52

Accounting Reconciliations Leverage Startups 52

PYMNTS

MARCH 30, 2020

They can also apply for an account instantly and customize its account number. Additionally, businesses can access easy bulk collection and payments of funds through multiple digital modes and automatic bank reconciliation. In the case of a non-customer, a business entity can download InstaBIZ, the lender’s mobile app.

Banking 58

Banking Reconciliations Retail Accounting 58

PYMNTS

APRIL 22, 2017

Spain’s number-two bank, Banco Bilbao Vizcaya Argentaria, or BBVA, said Friday (April 21) that it has successfully completed its first cross-border payment using blockchain technology from Ripple. That’s very relevant for our clients because they could begin streamlining their reconciliation systems.”.

B2B 56

B2B Reconciliations Invoicing Banking 56

PYMNTS

FEBRUARY 27, 2019

Slovenia is due to see an instant payments platform launch from Bankart this month, while Malaysia has a new solution of its own, enabling instant credit transfers to bank accounts using details such as mobile phone numbers or national IDs. However, new payment rails are also opening new lines of attack for fraudsters.

Reconciliations 57

Reconciliations Risk Management Leverage Securities 57