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Rethinking Reconciliation Amid Deeper Corporate Finance Disruption

PYMNTS

The reconciliation process is traditionally viewed in the context of financial transactions: Does the value of a company payment match with what the company was billed, and what the company had purchased? Yet the reality is that the reconciliation process is rarely ever straightforward. Beyond Data Matching. Payment Rail Confusion.

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Finance Teams: Stop Wasting Time on Manual Account Reconciliation & Automate

The Finance Weekly

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.

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HighRadius Rolls Out Technology Suite For AR Automation

PYMNTS

The FinTech enterprise Software-as-a-Service (SaaS) company, which is focused on automating treasury management and order-to-cash processes, said the new technology reinforces its investment and plan to make AR automation an important driver for business expansion, according to an announcement.

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Reconciliation Solution Emerges From Disruptive Innovation Lab

PYMNTS

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.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Webjet Launches Blockchain-As-A-Service For B2B Hotel Reconciliation

PYMNTS

Travel booking company Webjet , based in Australia, has launched a blockchain solution for the hotel industry to manage reconciliation in hotel distribution. The company expects corporates to begin participating in the expansion of the tool by operating their own mining nodes as blockchain technology becomes more familiar. “It

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Airwallex, Xero Collab On X-Border SMB Payments, Reconciliation

PYMNTS

Small businesses do not have the time or resources to manage multiple technology solutions that often operate in silos — they need solutions to work and integrate with each other seamlessly,” Zhang said in the announcement. SMBs can also review transactions to measure how finances are doing.