Global Finance

NOVEMBER 29, 2024

These are collection accounts specifically developed to collect various public taxes: The amount of the advance available is determined based on expected receipts, and enriched reporting data enables automatic reconciliation in public accounting systems. At the end of 2023, Belfius had more than 12,000 public sector clients.

Cash Management 98

Cash Management Treasury Reconciliations Banking 98

Trade Credit & Liquidity Management

MAY 29, 2025

Since 2014, it has helped over 7,000 businesses recover £30 billion in late payments and has received several industry awards for innovation and technology. AI-Powered Invoice Automation: Odoo uses AI and OCR technology to scan, recognize, and extract invoice data, speeding up invoice processing and reducing manual data entry errors.

Reconciliations 52

Reconciliations Invoicing Accounting Technology 52

CFO Talks

FEBRUARY 10, 2025

The Power of Automation Automation in financial reporting is more than a technological upgrade; its a cultural shift. To mitigate this, CFOs can start small; automating reconciliation and reporting workflows first before scaling. A Call to Action for CFOs This isnt just about technology; its about leadership. A solution?

Financial Reporting 90

Financial Reporting IFRS Leadership Reconciliations 90

CFO Talks

NOVEMBER 20, 2024

Leverage Technology Financial reporting software isn’t just a nice-to-have; it’s a necessity. 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.

IFRS 98

IFRS GAAP Currencies CFO 98

PYMNTS

JANUARY 26, 2021

The financial institution (FI) revealed last week that it is working with Volante Technologies to accelerate its ISO 20022 adoption, leaving Citi to become Volante’s first banking customer to take a unified approach to its global migration to the messaging standard. HashCash Brings Blockchain Tech To Unnamed Bank.

Banking 142

Banking Reconciliations Financial Data B2B 142

Future CFO

JUNE 1, 2025

Treasury operations in Asia, particularly Southeast Asia, in 2025 and 2026 are navigating a complex and evolving landscape shaped by economic, geopolitical, and technological forces. Companies increasingly adopt digital tools to improve cash flow forecasting, automate reconciliation, and manage liquidity more effectively," he adds.

Economics 59

Economics Mergers and Acquisitions (M&A) Treasury Cash Flow Forecasting 59

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

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.

Reconciliations 52

Reconciliations Accounting Banking Technology 52

Global Finance

JUNE 9, 2025

Most Innovative Financial Technology Company in Central and Eastern Europe| INPOST PAY Poland’s InPost Pay has developed an online app that streamlines customers’ online shopping experience by combining payments and deliveries on a single unified platform. Managers can then take fast corrective actions.

Profit and Loss 52

Profit and Loss Cash Management SAP Reconciliations 52

PYMNTS

DECEMBER 29, 2020

Chanda discussed his predictions for the B2B payments landscape in 2021, including how organizations will make progress in pursuit of the "perfect payment," and what technologies like artificial intelligence (AI), robotics process automation (RPA) and application programming interfaces ( APIs ) can do to tackle some of the biggest pain points.

B2B 114

B2B Reconciliations Accounts Payable Invoicing 114

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. . Embrace technology. But how productive am I? The answer is a definite yes.

Reconciliations 130

Reconciliations CFO Finance Invoicing 130

Global Finance

MAY 6, 2025

OCBC, one of the largest financial services groups in Southeast Asia by assets, has helped transform its cash management and payments systems through the use of Application Programming Interface (API) integrations, tokenization, QR codes and other digital technology.

Cash Management 52

Cash Management Leverage Banking Reconciliations 52

Future CFO

MARCH 10, 2025

Current industry research suggests that AI technologies are gaining traction among finance professionals navigating a complex landscape marked by rapid change. However, the adoption rate varies significantly across the region, influenced by technological maturity and cultural attitudes towards innovation.

Finance 52

Finance Invoicing Compliance Leverage 52

https://trustedcfosolutions.com/feed/

MARCH 22, 2023

The Tech Stack for Your Accounts Payable Technology has revolutionized how we do business, and accounting is no exception. Optical Character Recognition (OCR) Technology. OCR technology scans and digitizes your invoices and receipts, making it easier to stay organized.

Accounts Payable 108

Accounts Payable Accounting Invoicing Reconciliations 108

CFO Plans

AUGUST 2, 2024

In today’s rapidly evolving business landscape, the integration of technology into accounting practices has shifted from a luxury to a necessity. With the demands of modern businesses continuously growing, leveraging technology to streamline accounting processes is crucial for maintaining accuracy, efficiency, and competitiveness.

Technology 52

Technology Accounting CFO Tax Planning 52

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

PYMNTS

JANUARY 19, 2021

National Australia Bank (NAB) has chosen Eedenbull to integrate its payment and spend management technology for SMB customers. ICICI Adds AlignBooks Technology. India’s ICICI Bank is adding accounting technology from AlignBooks to strengthen its SMB services. National Australia Bank Chooses Eedenbull.

Banking 136

Banking Reconciliations Compliance Finance 136

PYMNTS

MAY 6, 2020

As workforces become more decentralized, as far-flung employees still have to pay suppliers and vendors — and perhaps even travel (someday) — the stage may be set, too, for technology to help transform the way employees spend corporate money. To that end, U.K. billion a month in the U.S.

Reconciliations 107

Reconciliations Entertainment B2B Banking 107

E78 Partners

DECEMBER 19, 2024

Operational Complexity : Diversifying across multiple asset classes requires specialized reporting and advanced technology platforms. Technology-Driven : Providers offer cutting-edge platforms to improve accuracy, streamline processes, and provide real-time insights. The Benefits of Co-Sourcing for Fund Managers 1.

Compliance 52

Compliance Reconciliations Technology Risk Management 52

Trade Credit & Liquidity Management

MAY 29, 2025

Dynamic Regulatory Environment: Adapting to clearance models, where governments actively review invoices, requires technological agility and deep tax law knowledge. This enhanced data quality facilitates easier and more accurate reconciliation of payments with invoices, reducing manual intervention and errors. In Summary.

Invoicing 52

Invoicing Compliance Cash Flow Forecasting Currencies 52

PYMNTS

MARCH 16, 2020

In addition, the deal will allow better reconciliation of payments with the matching invoices. There will be cost transparency on fees, and payment routing will be handled by Goldman Sachs’ advanced machine learning technology.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

Future CFO

NOVEMBER 21, 2024

Technology, including GenAI, is revolutionising the tax and finance function by helping to manage complex reporting tasks and large amounts of data," says Elaine Yeo , Asean tax and finance operate leader at EY. Effective change management strategies should be implemented to guide the embedding of technology into tax processes.

Compliance 52

Compliance Budgeting Reconciliations Finance 52

PYMNTS

MAY 27, 2020

For payments technology players, finding the opportunities to build upon existing infrastructure continues to open up new doors in B2B payments improvements. Buyers, meanwhile, can capture early payment discounts, gain payment choice, and automate reconciliation, too. Mastercard Track Business Payment Services Launch.

Reconciliations 92

Reconciliations B2B Compliance Risk Management 92

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. As we move toward better and more tools … that process can be automated using newer technologies.” .

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Banking 93

PYMNTS

NOVEMBER 20, 2019

Citi noted traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collection and reconciliation. The platform integrates cross-border billing, payment acceptance and reconciliation into a single solution. “In

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

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.

Reconciliations 96

Reconciliations Banking Securities Leverage 96

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

SEPTEMBER 26, 2018

The solution is compatible with existing Citi accounts receivable solutions, including Citi Payer ID Accounts for automated reconciliation. Users can view transaction activity and manage online banking entitlements, the bank explained.

Accounting 75

Accounting Reconciliations Treasury Currencies 75

Future CFO

AUGUST 1, 2023

The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific. FutureCFO spoke to Deka to dig deeper into the topic: Which features/capabilities in financial applications are most in demand by mid-size enterprises?

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

NOVEMBER 18, 2020

Panelists included Sarah Billings , PNC’s senior vice president and head of payments product, operations and strategy; Bridgit Chayt , Fifth Third Bank’s senior vice president and director of commercial payments and treasury management; and infrastructure expert Domenico Scaffidi of Volante Technologies. Awareness of those differences is key.

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

CFO Talks

APRIL 15, 2025

Accountability Isnt Admin Its Your Performance Lever For all the talk about AI-driven forecasting, real-time dashboards, and digitising the finance function, there remains one cornerstone of high-performing finance teams that no technology can replace: accountability. Reconciliations get done. Technology can support this, of course.

Accounting 52

Accounting Forecasting Auditing Compliance 52

Jedox Finance

SEPTEMBER 29, 2021

This term, set by Gartner, overlooks financial and non-financial business processes, data, and technology tools. Data Silos – Sales data and financial data are separated, making reconciliation between those sources difficult. In this eBook about 360° Planning you can learn more about the shift to xP&A. Connecting the dots.

Financial Planning and Analysis (FP&A) 124

Financial Planning and Analysis (FP&A) Sales Forecasting Reconciliations 124

PYMNTS

AUGUST 19, 2020

According to Fordyce, when it comes to B2B payments technology and AP automation, targeting the unique needs of particular verticals is one impactful way to stand out. Again, noted Fordyce, this can take many forms — from automating invoice reconciliation to addressing a user’s resource constraints.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

PYMNTS

NOVEMBER 27, 2019

That standardization supports recipients’ reconciliation hurdles, he added, meaning corporates can more quickly turn an incoming credit into applicable, working capital. ISO 20022’s path to ubiquity could serve as a model for faster payments technologies’ own adoption journeys. What Faster Payments Hasn’t Solved … Yet.

B2B 117

B2B Reconciliations Technology Leverage 117

PYMNTS

SEPTEMBER 27, 2020

The relationship will help Commerce Bank in its transformation to a more digital way of doing business, as the world continues to embrace digital technology in the wake of the pandemic. HighRadius also offers services for cash reconciliation, eInvoicing and collections to help those in underserved markets.

Banking 89

Banking Treasury Reconciliations Invoicing 89

Future CFO

JULY 21, 2024

It is why the accounting profession is in need to keep up with the technological trends and not be caught off guard by the hurdles on the way, fully understanding the weight and importance of upskilling and reskilling. This transformation is an intertwined act of two complimentary forces: Sustainability and Technology," Abrol explains.

Finance 104

Finance Accounting Principles Problem Solving Accounting 104