CFO Dive

MARCH 29, 2022

Financial fraud in the business world has many forms; the most difficult to detect, and expensive one being financial statement fraud.

Reconciliations 130

Reconciliations 130

The Finance Weekly

NOVEMBER 3, 2021

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. Defining Account Reconciliation The basic steps involved in reconciliation transactions include the following: 1.

Reconciliations 52

Reconciliations General Ledger (GL) Accounting Finance 52

Cube Software

JANUARY 7, 2023

That's where account reconciliation comes in. (And for you triple-checkers and quadruple-checkers: we see you.). But what happens when you find discrepancies between accounts? Or an error in a financial statement? And we'll tell you all about it in this guide. What it is. When you need to do it. And how to get it done. Keep reading.

Reconciliations 52

Reconciliations Accounting 52

PYMNTS

JULY 12, 2019

Order-to-cash solutions provider Billtrust has added Priority Commercial Payments to its Business Payments Network (BPN) to streamline B2B payments reconciliation, the companies said in a press release this week.

Reconciliations 51

Reconciliations B2B Accounts Payable Accounting 51

PYMNTS

APRIL 7, 2020

The Transaction Matching software goes hand-in-hand with OneStream’s existing Account Reconciliation. The program can be used for everything from intercompany transactions, accounts payable and receivable, travel and entertainment (T&E) reporting, bank clearing and lockbox to general ledger cash accounts.

Reconciliations 56

Reconciliations Accounting General Ledger Accounts Payable 56

CFO News

JULY 11, 2024

The Central Government of India (CGS) has announced that goods and services tax will be applied to the 1% per annum corporate guarantee fee, effective from October 23, 2023. The move is expected to provide relief to businesses facing cash flow concerns and restrict the deemed valuation to domestic transactions.

Reconciliations 40

Reconciliations Valuation 40

PYMNTS

JULY 15, 2020

. “Having experienced continued growth and commitment to its credit union and bank clients during this pandemic, CheckAlt is delighted to work with Tru Treasury to provide our suite of turnkey treasury payment solutions that accelerate payments and simplify reconciliation for credit union members,” he said, according to the release.

Reconciliations 52

Reconciliations Treasury Nonprofit Banking 52

CFO Dive

NOVEMBER 13, 2023

To speed up expense reconciliation — and, in turn, the financial close — companies need to ditch manual processes and embrace solutions that make managing travel and expenses faster and easier.

Reconciliations 157

Reconciliations 157

PYMNTS

APRIL 19, 2016

has launched a new reconciliation software designed to help financial institutions decrease their overall risk when it comes to reconciling cash transactions and replenishments across their ATM devices. NCR Reconciliation is fully integrated with NCR’s Channel Management suite and is deployed as part of the same Web-based user interface.

Reconciliations 42

Reconciliations Banking 42

PYMNTS

JULY 27, 2020

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 52

Reconciliations Banking Currencies Numbers 52

PYMNTS

MAY 16, 2016

The innovators at SmartStream Technologies have introduced the first solution from its SmartLabs innovation center, and it’s a tool for financial services companies to streamline the reconciliation process. Twiggs added that the reconciliation solution was born out of its lab to develop disruptive technologies for corporations.

Reconciliations 40

Reconciliations Invoicing Technology Sales 40

Cube Software

DECEMBER 30, 2022

From data collection to reporting to financial management, FP&A and accounting teams have a lot of responsibilities.

Reconciliations 52

Reconciliations Accounting 52

PYMNTS

FEBRUARY 19, 2018

Travel booking company Webjet , based in Australia, has launched a blockchain solution for the hotel industry to manage reconciliation in hotel distribution.

Reconciliations 43

Reconciliations B2B Accounts Payable Invoicing 43

PYMNTS

MARCH 2, 2020

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.

Reconciliations 57

Reconciliations Invoicing B2B Manufacturing 57

PYMNTS

MARCH 10, 2020

Australian cross-border FinTech unicorn Airwallex is integrating with New Zealand’s cloud-based accounting platform Xero , Airwallex announced Tuesday (March 10). The collaboration is aimed at assisting Airwallex’s small- to medium-sized business (SMB) customers to easily handle local and global payments.

Reconciliations 52

Reconciliations Foreign Exchange Currencies Accounting 52

CFO News

APRIL 21, 2024

From annual submission form GSTR-4to verification and reconciliation of credit and cash balances on the GST portal, finance personnel need to cater to several GST related compliance during this fiscal.

Compliance 59

Compliance Reconciliations Finance 59

Global Finance

JULY 26, 2024

Being able to monitor everything not only simplifies reconciliation but also enhances management of accounts receivable. Integrated into the Teller Core system, it offers a tailored solution for reconciliation purposes, providing clients with granular details about cash deposits credited to their accounts.

Cash Management 52

Cash Management Treasury Reconciliations Currencies 52

Simply Treasury

AUGUST 3, 2022

Automated bank connectivity through a single secure channel has become essential to reduce costs, facilitate on-boarding by banks, secure transactions, speed up and automate reconciliations and reduce staff workload. It will be traceable, secure and will allow the retrieval of bank statement information to automate the reconciliation.

Banking 147

Banking Reconciliations Treasury Securities 147

Global Finance

JULY 2, 2024

XML also integrates easily with solutions like cash forecasting, cash pooling, automated reconciliation and refined parameters “on behalf of payments,” bringing Virtual IBAN capabilities to life. This enhances financial evaluation and speeds up decision making at lower costs.

Reconciliations 64

Reconciliations Treasury Compliance Forecasting 64

PYMNTS

JUNE 12, 2020

Freelancers have seen particularly harsh economic effects from the ongoing pandemic. Forty percent of those in the U.S. have lost at least $10,000 in income since its onset, leaving many operating on fast-declining savings. The nation

Reconciliations 53

Reconciliations Invoicing Finance Economics 53

CFO Share

JUNE 25, 2024

Some bookkeepers code transactions but neglect to perform reconciliations. This includes: A well-designed month-close process with thorough reconciliations Proper accruals, including revenue and cost recognition Regularly scheduled accounting processes executed with discipline Proper inventory accounting and reconciliation.

Financial Reporting 52

Financial Reporting Reconciliations Cash Flow Forecasting CFO 52

FISPAN

OCTOBER 17, 2023

FISPAN and Sage partner to help businesses remove complexity from their accounts payable and reconciliation processes by integrating banking directly into their Sage Intacct ERP system.

Accounts Payable 59

Accounts Payable Reconciliations Banking Accounting 59

FISPAN

AUGUST 5, 2022

FISPAN delivers a seamless commercial banking experience, allowing you to directly manage your payables, view all bank account and transaction details, eliminate manual uploads, automate your reconciliation, and more, all from within NetSuite.

Banking 97

Banking Reconciliations Accounting 97

CFO Simplified

DECEMBER 19, 2022

I realize that I have been impactful to my client’s AP clerk, in helping her complete her bank statement reconciliations. Now you are wondering how working with someone on a bank reconciliation can be impactful. Afterall, the exercise only involves bringing a cash book balance and bank balance into agreement, and you might be right.

Reconciliations 52

Reconciliations CFO Banking Numbers 52

CFO News

DECEMBER 25, 2023

What's underway is a line-wise reconciliation of the two sets of numbers under different heads - house rent allowance, medical insurance, outgo on home loans, tax saving investments under 80c etc.

Reconciliations 52

Reconciliations Investments Numbers 52

Cube Software

SEPTEMBER 25, 2023

data entry, compiling and consolidating reports, and manual reconciliation) eat into valuable time that could be better spent on strategic thinking and more complex problem-solving. Time-consuming, manual tasks can significantly slow down FP&A teams. These tasks (e.g.,

Problem Solving 52

Problem Solving Reconciliations Budgeting Forecasting 52

https://trustedcfosolutions.com/feed/

MARCH 22, 2023

Reconciliations — Reconciliations involve comparing your accounts payable ledger to your vendor statements and ensuring they match. This includes the segregation of duties, approval workflows, and regular audits. With Sage Intacct, you define the invoice workflows and approval thresholds, so nothing falls through the cracks.

Accounts Payable 108

Accounts Payable Accounting Invoicing Reconciliations 108

The Charity CFO

MARCH 6, 2024

Red Flag #1: Bank Account Reconciliation Whether the business is accrual or cash basis, it does not matter. Reconciliation is necessary and the bare minimum for successful completion of the accounting role. Once these have been transferred into the accounting system, QuickBooks for example, reconciliation is the next step.

Nonprofit 59

Nonprofit Accounting Reconciliations Invoicing 59

Future CFO

JUNE 4, 2024

Key capabilities of the solution include: Facilitating comprehensive and proactive validation of entity and group-level financials with drill-down transparency to underlying data Advanced reconciliation automation and certification, including statutory-to-GAAP comparisons, with tolerance-based variance analysis and embedded oversight & control (..)

SAP 52

SAP GAAP Reconciliations CFO 52

PYMNTS

DECEMBER 16, 2020

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.

Reconciliations 92

Reconciliations B2B Invoicing Compliance 92

Bramasol

JULY 16, 2024

As with real world debt, Digital Debt must be constantly serviced at high costs; primarily in the form of low productivity, time-consuming data reconciliation, lack of end-to-end visibility, continuous maintenance updates, and inability to make changes. There are many indicators that your company has excessive Digital Debt.

SAP 71

SAP Reconciliations Leverage Prioritization 71

FISPAN

JANUARY 12, 2022

Data feeds eliminate a significant portion of users' frustration with their experience when accessing information reporting and conducting reconciliations for bank clients. Data Quality To support an up-to-date, high-quality user experience, FISPAN goes beyond data aggregation and data passthrough.

Reconciliations 96

Reconciliations Banking Securities Leverage 96

Future CFO

OCTOBER 22, 2023

Since BlackLine, we have seen 100% on-time completion rates for all month-end reconciliations. With BlackLine Task Management, managers and employees know what needs to be done and on what timeline. That increased visibility drives accountability,” said Santo Ahmed, group financial controller at Resimac.

Finance 94

Finance Reconciliations Currencies Accounting 94

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

Future CFO

JUNE 24, 2024

For accountants, Gen AI can help in the reconciliation and in-depth risk assessment with its capability to execute tasks, understand context and patterns and suggest optimal strategies. For management, Gen AI can help with scenario planning and decision-making analysis.

Auditing 111

Auditing Financial Analysis Forecasting Reconciliations 111

CFO News

APRIL 18, 2023

Businesses must take up reconciliations regularly throughout the month and instantly convey any misreporting, omissions or delays in ITC reporting to their respective sellers. The changes in ITC rules have added responsibilities on businesses to reconcile and communicate with vendors more often.

Reconciliations 52

Reconciliations Invoicing Communication Securities 52