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 Accounting General Ledger (GL) Finance 52

PYMNTS

OCTOBER 5, 2020

“We’ve seen the acceleration [away from manual, paper-based back-office functions] due to employees working from home” and issues tied to security and battling potential fraud, Joiner said. We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner.

B2B 130

B2B Healthcare Reconciliations Accounts Payable 130

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

JUNE 9, 2025

The new system applies 54 distinct prevention controls aligned with global standards for information security management systems. RBI’s New Cash Management Digital Ecosystem| RBI RBI has been a regional leader in adopting faster, more secure processes for electronic bank account management.

Profit and Loss 52

Profit and Loss Cash Management SAP Reconciliations 52

PYMNTS

SEPTEMBER 17, 2020

Our client schools and their student families around the world trust Mastercard for convenient and secure payments,” said Massaro in the release. It has the ability to expedite the flow of funds, ease reconciliation and streamline operational expenses, the release stated.

Foreign Exchange 126

Foreign Exchange Education Reconciliations Currencies 126

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

JANUARY 12, 2022

This lack of control is leading the drive towards a secure solution-based platform that merges data and financial technology. Data feeds eliminate a significant portion of users' frustration with their experience when accessing information reporting and conducting reconciliations for bank clients. The end result?

Reconciliations 96

Reconciliations Banking Securities Leverage 96

PYMNTS

MARCH 2, 2020

Forty percent of small businesses that secured a loan used the funding for day-to-day spending , a report from the U.K. . “Pricing structure and cash flow are both key to driving a business forward, and yet for small businesses, many have had no or very little training,” said Sandra Rowley, head of marketing for U.K.

Reconciliations 57

Reconciliations Invoicing B2B Manufacturing 57

PYMNTS

OCTOBER 11, 2018

Coverage includes Norway ’s Vipps selection of Inside Secure to provide security for contactless payments. In Norway, Vipps has selected Inside Secure to help secure its contactless payment capabilities, according to reports.

Securities 50

Securities Reconciliations Sales Banking 50

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 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. Paycor Certified By NACHA. CUs Move Closer to RTP.

Reconciliations 92

Reconciliations B2B Compliance Risk Management 92

https://trustedcfosolutions.com/feed/

MARCH 22, 2023

You can track invoices, payments, and expenses in real time and securely access your financial data from anywhere. Reconciliations — Reconciliations involve comparing your accounts payable ledger to your vendor statements and ensuring they match. Electronic Payment Systems.

Accounts Payable 108

Accounts Payable Accounting Invoicing Reconciliations 108

PYMNTS

NOVEMBER 9, 2020

With the new upgrade, HashCash customers will now have access to real-time document sharing, automation and reconciliation, available instantly through B2B payments, the release stated. Raj Chowdhury , CEO of HashCash Consultants, said the idea is to offer "a platform for secure, transparent and faster B2B payments.".

B2B 93

B2B Reconciliations Invoicing Securities 93

https://trustedcfosolutions.com/feed/

AUGUST 12, 2022

In 2018 the security Exchange Commission released updated guidance requiring companies to “establish and maintain appropriate and effective disclosure controls and procedures that enable them to make accurate and timely disclosures of material events, including those related to cybersecurity.” Sage And Cybersecurity.

Compliance 109

Compliance Reconciliations Securities Auditing 109

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

SEPTEMBER 16, 2020

For the Electronic Banking feature, Acumatica will offer secure connections with more than 11,000 financial institutions with multiple authentication methods and tokenization technology, according to the release. And anomaly detection and streamlined bank reconciliation will be available.

Reconciliations 76

Reconciliations Auditing Compliance Banking 76

PYMNTS

JANUARY 19, 2021

The collaboration is part of Eedenbull’s efforts to expand globally after having secured 65 banking partnerships across Europe, according to a report. Current account holders at ICICI Bank can now link their bank account data into AlignBooks software to automate data entry and streamline reconciliation. BNL Goes Live With Tink.

Banking 136

Banking Reconciliations Compliance Finance 136

PYMNTS

JULY 15, 2020

. “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.

Reconciliations 75

Reconciliations Transportation Compliance Leverage 75

Centage

SEPTEMBER 6, 2022

The familiarity of spreadsheets and their ease of use mean many employees are happy to keep working with them, even though they may create serious security risks. Below, we’ll analyze Excel spreadsheets security problems that come with spreadsheets and how implementing software can be a more effective solution.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

PYMNTS

JULY 3, 2020

s Open Banking Implementation Entity has a similar directive, but goes a step further by implementing a rule set regarding API security, messaging and dispute management processing in hopes of making every API in the country meet the same standards. Issuing invoices and processing B2B payments can be simplified through open banking.

B2B 111

B2B Banking Invoicing Reconciliations 111

PYMNTS

MARCH 1, 2019

While this information is useful for invoice reconciliations, payments tracking and more, cybercriminals could use it to transmit malware embedded in the payments attachments or links. Security strategies. These messaging standards attach more data to the transactions.

Securities 53

Securities Reconciliations Banking Invoicing 53

PYMNTS

JANUARY 23, 2019

The Coupa Pay solution also includes automated reconciliation with the initial purchase order, the companies noted in the press release. The card number is automatically generated once the PO is approved, with payment only made for the designated supplier and amount. JPMorgan is the second card issuer to join the Coupa Pay solution.

Reconciliations 75

Reconciliations B2B Invoicing Finance 75

CFO Talks

APRIL 10, 2025

Evidence must be secured immediately. Are reconciliations documented with sign-offs? When fraud hitsand eventually, it willyou need a plan. Not a vague policy buried in a shared folder, but a live, tested response plan that your team knows how to execute under pressure. Systems need to be locked down. Whos checking the reconciler?

Leadership 52

Leadership Auditing CFO Reconciliations 52

PYMNTS

JANUARY 8, 2021

To facilitate this transition in handling 24/7 cash flow, Whisler said TCH offers services such as intraday reconciliation. And lastly, it will be critical to continue to innovate in a way that is still safe and secure. Secondly, she wants to make sure that all FIs in the country understand that they can connect.

Cash Flow Forecasting 139

Cash Flow Forecasting Banking Education Reconciliations 139

CFO Talks

SEPTEMBER 5, 2024

Focusing on Security and Compliance Data security is non-negotiable in any FIS, especially given the increasing risks of cyber threats and the stringent requirements of South African regulations. This not only improves efficiency but also empowers your team to focus on more strategic tasks.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

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

Trade Credit & Liquidity Management

JUNE 10, 2025

For higher-risk opportunities that provide good margins, manage risk by using off-the-shelf alternatives such as guarantees or security agreements to reduce your exposure. A seller may also secure a Purchase Money Security Interest (PMSI). These accounts will provide the greatest sales growth and profit potential.

Invoicing 52

Invoicing Sales Accounting Securities 52

PYMNTS

NOVEMBER 16, 2020

Keys can be the user's social security number, mobile phone number, or email address, providing a level of security and identification above the SITRAF rails. He's much more concerned about reconciliation of payments and assuring that people have paid so that he can put the goods [on the shelf] or provide service to the people.”.

Nonprofit 131

Nonprofit Reconciliations Banking Securities 131

PYMNTS

AUGUST 19, 2020

Again, noted Fordyce, this can take many forms — from automating invoice reconciliation to addressing a user’s resource constraints. Banks often have the advantage of more robust security and anti-fraud measures, which can benefit FinTechs through partnerships.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

PYMNTS

NOVEMBER 2, 2020

APS Payments , which works in omnichannel B2B payments, is integrating tech with enterprise resource planning (ERP) product Sage X3 to allow for quick and secure payments, according to a press release. And with APSPays Vault, companies can store information securely and access reporting tools for reconciliation.

B2B 74

B2B Reconciliations Invoicing Currencies 74

PYMNTS

NOVEMBER 3, 2020

Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. APS Payments , which works in omnichannel B2B payments, is integrating tech with enterprise resource planning (ERP) product Sage X3 to allow for quick and secure payments, according to a press release.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

PYMNTS

AUGUST 5, 2019

2), ePayRails said it secured $2.45 B2B payments startup ePayRails has announced new funding to focus on further technological development of its Payment Hub. In a press release Friday (Aug. million in Series A funding led by Aspire Fund Management, which provided $2 million.

B2B 40

B2B Startups Securities Accounts Payable 40

Future CFO

AUGUST 1, 2023

Companies are increasingly seeking secure and compliant solutions to manage their financial data. Financial and accounting processes include managing the general ledger, accounts receivable & payable, billing and invoicing, reporting & analytics, bank reconciliation, budgeting & forecasting, etc.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

JULY 10, 2019

The payments and technology giant announced Tuesday (July 9) the rollout of its Virtual Card Receivables Service, a tool to digitize the virtual card payment acceptance and reconciliation process for businesses. We are excited to work with a global payments leader like Mastercard,” said VersaPay CEO Craig O’Neill in another statement.

Cash Flow Forecasting 62

Cash Flow Forecasting Reconciliations Invoicing B2B 62

PYMNTS

NOVEMBER 16, 2020

James Anderson , executive vice president of global commercial and B2B solutions at Mastercard, said the idea was to build a new, secure kind of payment rail. This milestone is another step in the journey away from paper-based frustration, incomplete data and manual reconciliation work — to a fully-digitized business payments process.”.

Reconciliations 81

Reconciliations B2B Leverage Accounting 81

PYMNTS

FEBRUARY 25, 2020

The Palo Alto-based travel tech unicorn TripActions has secured a new, $500 million credit facility to help advance the introduction of its corporate card product, the company announced on Tuesday (Feb. TripActions Liquid is a major time-saver – we’ve been able to reduce travel payment reconciliation time from weeks to minutes each month.”

Reconciliations 60

Reconciliations Leverage eCommerce Finance 60

PYMNTS

JULY 10, 2019

The service automatically extracts data from invoices, PDFs and other trade documents and automates accounts payable while storing payables information for reconciliation and accounting. Businesses can pay invoices immediately or dictate a payment date while retaining a fixed foreign exchange rate when they upload an invoice to the platform.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64