The Finance Weekly

MAY 20, 2024

What Is Bank Reconciliation? Bank reconciliation is a process companies use to ensure that their recorded cash balances align with the actual cash held in their bank accounts. Nevertheless, banks still manage most business accounts, and the same reconciliation procedures can be applied to these other cash positions.

Reconciliations 52

Reconciliations Banking General Ledger Accounting 52

The Finance Weekly

OCTOBER 30, 2024

Automation - Reduce manual tasks like bank reconciliations , allowing finance teams to focus on strategic decision-making. Automation - The platform automates routine tasks, including bank reconciliations and cash position reports. Why It Stands Out Trovata’s strength lies in its automation capabilities.

Cash Management 52

Cash Management Cash Flow Forecasting Reconciliations Forecasting 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

The Charity CFO

MAY 13, 2025

Without accurate reconciliations, your cash position is a guess at best. To fix this, start by performing monthly reconciliations for every bank and credit card account. Use accounting software with built-in reconciliation tools, and make sure someone other than the bookkeeper is reviewing them for accuracy.

Accounting 52

Accounting Nonprofit Reconciliations CFO 52

CFO Talks

NOVEMBER 20, 2024

These tools can automate complex reconciliations and streamline reporting processes, saving time and reducing errors. Upskill your team in international reporting standards or bring in experts who can handle the nuances of both IFRS and GAAP. Leverage Technology Financial reporting software isn’t just a nice-to-have; it’s a necessity.

IFRS 98

IFRS GAAP Currencies CFO 98

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

Future CFO

FEBRUARY 14, 2025

Platforms like Hitachi iQ enable advanced financial modelling and anomaly detection, while automation has reduced the burden of reconciliation and regulatory reporting, allowing teams to focus on strategic decision-making."

Cash Flow Forecasting 78

Cash Flow Forecasting Compliance Leverage Reconciliations 78

Future CFO

MARCH 31, 2025

The whitepaper focuses particularly on the potential of ISO 20022 XML, a messaging format that is specific to reducing friction in account receivable reconciliation and cash allocation processes. This reduces the need for banks to manually intervene in the process, making near real-time, cross border wholesale payments a reality.

Reconciliations 52

Reconciliations Accounting Banking Technology 52

CFO Talks

FEBRUARY 10, 2025

To mitigate this, CFOs can start small; automating reconciliation and reporting workflows first before scaling. High Implementation Costs Many companies hesitate due to the upfront cost of automation software. However, the long term savings far outweigh the investment.

Financial Reporting 90

Financial Reporting IFRS Leadership Reconciliations 90

PYMNTS

JANUARY 26, 2021

Doing so, the bank noted, will streamline and enhance a range of payment-related workflows, including sanctions screening, anti-money laundering (AML) checks, reporting and reconciliation. HashCash Brings Blockchain Tech To Unnamed Bank. to bring its blockchain-powered corporate trade financing technology into the entity.

Banking 142

Banking Reconciliations Financial Data B2B 142

Global Finance

MAY 6, 2025

Business accounts have also evolved, with customers able to generate tokenized account numbers that add precision to transaction reconciliations. Using the Velocity platform, the banks accounts are tokenized and embedded into QR codes, enabling customers to make instant payments via mobile phones.

Cash Management 52

Cash Management Leverage Banking Reconciliations 52

CFO Thought Leader

MAY 6, 2025

Internally, interactive sales roleplay, customer360 dashboards, contract review, and automated reconciliations already demonstrate AIs 60percent productivity lift. Upmanyu now drives hybridcloud expansion, leading with publiccloud offerings and enterprise AI while guarding data privacy.

CFO 52

CFO Reconciliations Construction Finance 52

PYMNTS

OCTOBER 5, 2020

Comdata, she said, has mimicked the flow from claims to invoice to payment to reconciliation. “The shift I have seen there,” she told PYMNTS of healthcare firms, “that was most effective is providers [the vendors] had their way of going through the process either from an [accounts payable] or [accounts receivable] perspective.”.

B2B 130

B2B Healthcare Reconciliations Accounts Payable 130

The Charity CFO

APRIL 1, 2025

This section focuses on: Approval workflows and disbursement controls Monthly reconciliations and reporting cycles Digital document retention Audit readiness and compliance planning These practices are essential to creating a trustworthy, funder-ready organization.

Nonprofit 89

Nonprofit CFO Leadership Cash Flow Forecasting 89

PYMNTS

MAY 6, 2020

In an interview with Karen Webster, Simon Barker, CEO of Conferma Pay, explained that the announcement heralds the first time key attributes of virtual commercial cards — including expense controls and seamless data reconciliation — are being tied to tap-and-go payments, with the ease of use that mark contactless consumer payments.

Reconciliations 107

Reconciliations Entertainment B2B Banking 107

PYMNTS

DECEMBER 29, 2020

APIs have similarly become valuable tools to automate reconciliation and accounting via interconnectivity between AR, AP and accounting systems. It's a concept that involves the seamless, automated movement of documents and data between parties and through workflows, from purchase order to invoicing to payment to reconciliation.

B2B 114

B2B Reconciliations Accounts Payable Invoicing 114

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

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

E78 Partners

NOVEMBER 19, 2024

Conducting regular internal audits and compliance checks can ensure your transaction documentation, account reconciliations, and accounting policies meet current standards, reducing the risk of audit issues.

Auditing 52

Auditing GAAP Restructuring Compliance 52

CFO News Room

DECEMBER 16, 2021

These would include eliminating reconciliations altogether (by implementing integrated modules such as fixed assets) or performing reconciliations continually during the period rather than during the period close. . There are ways of flattening out the activities of the finance team, keeping stress levels optimal throughout.

Reconciliations 130

Reconciliations CFO Finance Invoicing 130

PYMNTS

NOVEMBER 12, 2020

Revenue Cloud will also work to improve revenue efficiency via automation, including relieving the burden of teams working with manual processes for approvals, data reconciliation and order transcriptions between numerous systems.

B2B 126

B2B B2C Reconciliations Sales 126

CFO Talks

APRIL 29, 2025

Real-World CFO Wins Heres what happens when CFOs attack non-value activities: One CFO slashed month-end from 12 days to 5 by automating reconciliations. Change management is part of your job. Another CFO freed up R4 million in cash flow by cutting out redundant procurement steps.

CFO 52

CFO Budgeting Reconciliations Communication 52

Future CFO

APRIL 9, 2025

Their jobs become more time-consuming due to the manual reconciliation and workarounds necessary to address data discrepancies. Finance teams feel a direct impact from these inefficiencies, as they are directly responsible for ensuring the accuracy of revenue recognition, closing the books on time, and delivering reliable financial forecasts.

IFRS 52

IFRS Auditing Forecasting Compliance 52

PYMNTS

NOVEMBER 18, 2020

She said data can be the glue that helps ensure payments are interconnected and reconciled automatically – and reconciliation can be likened to the “holy grail” of treasury management. Chayt added that the move toward real-time reconciliation marks a new phase in the evolution of real-time processes. Eyeing Efficiency . Looking Ahead.

Reconciliations 98

Reconciliations B2B Banking Treasury 98

PYMNTS

NOVEMBER 23, 2020

The result, according to the firms: simplified money movement between buyers and suppliers and automated payment processing and expense reconciliation. Commercial Pay Travel helps companies manage business travel spend by integrating with business travel reservation processes and reconciliation. Visa and Conferma Pay said Monday (Nov.

B2B 115

B2B Reconciliations Finance eCommerce 115

PYMNTS

MAY 12, 2020

The offering provides increased control over payments and enhanced data exchanges, enabling automated reconciliation for suppliers as well as the application of all payment options approved by them, according to an announcement.

Reconciliations 84

Reconciliations B2B Invoicing Compliance 84

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

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

PYMNTS

MARCH 16, 2020

In addition, the deal will allow better reconciliation of payments with the matching invoices. Goldman Sachs’ capabilities for cross-border payments and tech-savvy achievements that simplify payments as reasons why SAP is also getting something out of the deal.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

SEPTEMBER 17, 2020

It has the ability to expedite the flow of funds, ease reconciliation and streamline operational expenses, the release stated. Flywire works to provide international students with a customizable, convenient and safe payment experience.

Foreign Exchange 126

Foreign Exchange Education Reconciliations Currencies 126

PYMNTS

MARCH 18, 2020

As Biegel explained, a lack of data standardization across payment tools remains a challenge to the reconciliation and cash application process, even when that data is electronic. The lockbox offers an important step toward digitizing data in check transactions, which is key to reconciliation and cash application processes.

Reconciliations 80

Reconciliations Invoicing Communication B2B 80

PYMNTS

MAY 27, 2020

This week’s look at the latest in payments rails innovation finds players including Mastercard, Aflex and Paycor targeting existing card and ACH rails to expand their use for corporates, with a focus on reconciliation, data capture and transparency.

Reconciliations 92

Reconciliations B2B Compliance Risk Management 92

Bramasol

AUGUST 31, 2023

Streamlined Reconciliation - The revenue recognition process is fully integrated into the Universal Journal. In addition, this internal reconciliation process can feed into other external enterprise level reconciliation processes, such as Blackline, if appropriate.

SAP 92

SAP Accounting Reconciliations General Ledger 92

PYMNTS

SEPTEMBER 16, 2020

And anomaly detection and streamlined bank reconciliation will be available. Combined with its Intelligent Machine Learning-enabled receipt recognition, expenses are intelligently categorized to streamline the approval and back-office reconciliation processes.".

Reconciliations 76

Reconciliations Auditing Compliance Banking 76