PYMNTS

DECEMBER 10, 2020

Corporate budgets are getting smaller, consumers are limiting their spending and offices are more digital than ever. This is highlighting companies’ needs to reduce accounts payable (AP) and accounts receivable (AR) processes’ costs as well as to support daily expenditures for remote workforces. Reshaping Business Payments .

B2B 77

B2B accounts payable Technology corporate accounting 77

PYMNTS

NOVEMBER 9, 2020

I think when the pandemic hit in early March, it really put a gun to the head of many companies by taking what have been Byzantine processes around accounts payable or accounts receivable and moving to much more digital means,” Jay Dearborn , president, corporate payments of WEX Inc. told PYMNTS. And apparently, he’s not alone.

accounts payable 109

accounts payable Technology B2B AP Automation 109

PYMNTS

APRIL 5, 2017

Magento , an eCommerce platform, announced on Wednesday (April 5) that it will now support B2B capabilities through the launch of its Magento Digital Commerce Cloud for B2B offering. Magento Digital Commerce Cloud for B2B addresses the key challenges of branded manufacturers and distributors. Quick ordering. Backend integration.

B2B 55

B2B B2C Manufacturing corporate accounting 55

PYMNTS

MAY 20, 2020

To help real estate investors contend with the increasingly complicated accounting and compliance work particular to real estate, Avignon Capital , a European firm, has rolled out a new in-house corporate accounting offering. Comer will spearhead the initiative.

Real Estate 82

Real Estate Account accountant accounted 82

PYMNTS

DECEMBER 17, 2018

New analysis from corporate payments firm Bill.com suggests ACH payments are dominating the accounts payable department. Only 6 percent of respondents said they aren’t using digital payments to pay their corporate clients’ bills. In an announcement on Thursday (Dec. In an announcement on Thursday (Dec.

B2B 63

B2B accounts payable accounting firms Account 63

PYMNTS

AUGUST 8, 2019

Keeping Checks In B2B Payments. RTP aims to encourage businesses away from checks by offering them an electronic payment services that not only accelerates transactions but provides additional transactional data that is key to reconciliation and analysis for corporate accountants and financial professionals.

B2B 66

B2B Kansas corporate accounting Account 66

PYMNTS

OCTOBER 5, 2017

In corporate finance, automation changed the game. Accountants and other financial professionals once tasked with manual processes and number-crunching were freed up to focus on more strategic initiatives. Robotics process automation (RPA) is a recent favorite among some B2B FinTechs.

Technology 43

Technology B2B corporate accounting accounting and finance 43

PYMNTS

JUNE 23, 2017

Preparations for corporate banking disruption and PSD2 are stirring the innovation pot, it seems. We break down all the B2B FinTech funding rounds below. Corporate Accounting. though, is a particularly bright star this week, as more than 60 percent of that funding went to London startups. EaseCentral.

B2B 68

B2B Spend Management Tools Spend Management corporate accounting 68

PYMNTS

JUNE 4, 2020

The International Accounting Standards Board introduced a significant overhaul to lease accounting standards , and while the changes went into effect at the start of 2019, corporates continue to face challenges to adhere to the standards and remain compliant. In the U.S.,

Real Estate 52

Real Estate Account accountant accounted 52

PYMNTS

SEPTEMBER 26, 2017

Corporates are being forced to rethink their approach to accounting as new technologies disrupt the way firms transact and manage financial data. But, tools like electronic payments and cloud accounting software are far from the only forces that alter the corporate accounting landscape.

Technology 40

Technology Account accountant accounted 40

PYMNTS

MARCH 2, 2020

As innovators drive forward, however, they can sometimes forget who’s really at the user-end of their technologies designed to combat business payments pain: the accountant. In the current fast-moving climate, accountants have struggled with the manual processes involved with managing their business client’s funds,” he told PYMNTS. “In

Account 56

Account accountant accounted quickbooks 56

PYMNTS

DECEMBER 23, 2016

It’s no surprise that venture capital rounds in B2B FinTech may be dwindling as the holidays ramp up, but that doesn’t mean the space has gone ignored. Europe and Asia provided more than $19 million across treasury management, corporate FinTech and Software-as-a-Service. Investors in the U.S., Software-as-a-Service.

B2B 58

B2B Construction Expense Management New York 58

PYMNTS

FEBRUARY 9, 2018

Instead, VCs leaned conservatively toward a mix of B2B FinTechs operating in the financial management space for small businesses (SMBs) and in the treasury management market for mid-level and larger enterprises. It seems VC has cooled off a bit in the B2B FinTech front. Corporate Accounting. This week, the U.S.

B2B 40

B2B accounting and finance Michigan Finance 40

PYMNTS

JANUARY 30, 2019

However, when it comes to corporate accounting departments, automation is still the exception. Most companies — especially those prone to payments innovation — believe automating their B2B operations can provide a host of benefits. Will they be able to capitalize on it by investing in accounts payable automation going forward?

AP Automation 62

AP Automation Technology Accounts Payable Automation accounts payable 62

PYMNTS

JUNE 26, 2020

This challenge exists for professionals across the back office, but in business accounting, the lack of data integration and accuracy mean finance experts are spending valuable time correcting information and moving numbers from one platform to another. ” Supporting an Accounting Shift.

Account 52

Account accountant accounted accounting and finance 52

PYMNTS

AUGUST 24, 2018

The big B2B venture capital news of the week was Augmentum Fintech’s trio of investments, signaling the company’s focus on the B2B FinTech market — but it wasn’t the only firm targeting this startup space. Augmentum Fintech announced its investment in Tide at the same time it revealed two other B2B FinTech targets.

B2B 40

B2B Finance bookkeeping B2C 40

PYMNTS

SEPTEMBER 13, 2017

One certified professional accountant, Evan Hutcheson, has launched his own company, Foundation to Cloud , to address some of the largest accounting and cash management problems faced by construction firms and contractors. “Construction accounting is a little more complex,” he recently told PYMNTS.

Construction 51

Construction Account accountant accounted 51

PYMNTS

MARCH 6, 2019

Corporate accounting and consultancy firm Ernst & Young is rolling out a new accounting solution designed to help businesses manage their crypto assets. EY announced in a press release this week that its new crypto accounting tool targets the tax preparation process.

Tax 55

Tax tax preparation Account accountant 55

PYMNTS

SEPTEMBER 28, 2017

The future of the corporate accountant is in flux. FinTechs are developing ways to automate accounting tasks, forcing human accountants to provide more strategic, value-added services. That doesn’t mean corporate accountants are jumping ship, however.

Account 43

Account accountant accounted corporate accounting 43

PYMNTS

JUNE 9, 2017

That’s especially true in corporate accounting, says Beanworks CEO Catherine Dahl. It’s an interesting time in accounting, and there’s a huge change coming,” she recently told PYMNTS, adding that digitization will become the norm, empowering humans to take on more strategic tasks while technology handles the repetitive stuff.

Technology 43

Technology accounts payable Account accountant 43

PYMNTS

APRIL 23, 2020

The bank announced a new feature called Bunq +1 , which means premium users will now be allowed to create a sub-account with someone else, who doesn’t have to be a premium user, for just €2.99 per month bill and the invited party will have the benefits of a Bunq account, including depositing money, spending money and viewing transactions.

Account 60

Account accountant accounted corporate accounting 60

PYMNTS

DECEMBER 7, 2020

This week's B2B Digest looks at how corporate finance scams come in all shapes and sizes, from employee expense fraud to invoice falsification. Researchers discovered a "spillover effect," in which reports of corporate fraud were linked to an increase in local theft and robbery reports. "It

Ohio 91

Ohio Indiana accounting and finance Construction 91

PYMNTS

SEPTEMBER 17, 2019

The timeliness of B2B payments raises the stakes for all parties involved, as a missed or delayed payment can ripple across the network. A series of payment innovations are promising to put an end to some common B2B payment frictions, including online portals, same-day ACH and automated accounts receivables (AR).

Construction 52

Construction B2B accounts payable Technology 52

PYMNTS

FEBRUARY 15, 2019

Corporate accounting platform ScaleFactor is rolling out its Android app for business professionals to gain real-time visibility into company finances. Small businesses historically don’t have the ability to access accounting, finance and back-office operations from smartphones and tablets,” Rathmann said.

Account 57

Account accountant accounted accounting and finance 57

PYMNTS

MARCH 16, 2018

Australia’s Institute of Public Accountants (IPA) is urging its members to “future-proof” their businesses as the industry heads toward disruption. Further, industry trends have led the traditional accountant model to become “obsolete,” reports said, meaning accountants have to embrace the more strategic role of advisor. “By

Account 53

Account accountant accounted accounts payable 53

PYMNTS

AUGUST 17, 2020

Accounting departments, for example, suddenly had employees accessing highly sensitive data remotely via home Wi-Fi, without the data security extant in office-based accounting as we’ve long known it. And operations still using manual accounts payable (AP) methods are really rethinking things. “A And it won’t.

AP Automation 61

AP Automation Technology AP Processes accounts payable 61

PYMNTS

FEBRUARY 8, 2019

Corporate accounting and auditing firm KPMG is shuttering its small business services unit, reports in The Business Desk said Thursday (Feb. According to the publication, KPMG’s Small Business Accounting (SBA) service, which launched in 2014, will be closed in the U.K. will remain unaffected. will remain unaffected.

small business accounting 53

small business accounting business accounting Account accountant 53

PYMNTS

AUGUST 17, 2018

Bots are marching steadily into the corporate accounting department as professionals feel more comfortable handing tasks to a machine. The more bots make their way into the accounting department, the more concerns arise about jobs, compliance, trust and other industry-unknowns. “This is such new territory for everyone.”

Account 44

Account accountant accounted Technology 44

PYMNTS

AUGUST 1, 2019

s Big Four corporate accountancy and auditing firms — Deloitte, PwC, KPMG and EY — saw nearly three times as many fines last year as they did in 2017, according to the Financial Times. million, respectively, once accounting for settlement discounts). million, respectively, once accounting for settlement discounts).

Account 43

Account accountant accounted audit 43

PYMNTS

NOVEMBER 26, 2018

It’s common sense that a corporation would want its C-Suite to have some knowledge of accounting practices, and one could assume that a lack of understanding of corporate accounting may heighten the risk for misstatements on financial reports.

auditor 51

auditor managerial accounting Account accountant 51

PYMNTS

JULY 25, 2019

challenger bank Starling Bank has introduced a new feature to let multiple business owners access a single account. Starling noted that the feature is rolling out 16 months after it first launched its bank account for single-person businesses. Today, that service is nearing 60,000 users, the bank said.

Account 53

Account accountant accounted Technology 53

PYMNTS

DECEMBER 7, 2018

corporate finances following a series of scandals. Separate reports on Thursday in AccountingToday said the nation’s top auditors, including KPMG and PwC, have been urged to improve their corporate accounting processes, with the U.K.’s

Account 43

Account accountant accounted auditor 43

PYMNTS

MAY 21, 2018

have been chosen to lead the inquiry into the nation’s accounting watchdog and assess whether the body is effective at identifying and preventing accounting issues. Reports said no current executives from the so-called Big Four accountancy firms — PwC , Deloitte , EY and KPMG — are in the group.

Account 40

Account accountant accounted audit 40

PYMNTS

MAY 27, 2016

Like an aftereffect of a sci-fi film, the rise in automation within corporate financial teams has led to fears and anxiety: Will humans no longer be needed in the accounting department? Are the CFO and corporate treasurer becoming extinct? Automation and accounting software may be to blame, the publication said.

Account 41

Account accountant accounted Technology 41

PYMNTS

SEPTEMBER 4, 2018

By stretching across borders, the Jenga offerings allow businesses to accept payments into their corporate accounts. These efforts are centered on “a more robust” payment infrastructure that spans several countries. Africa continues to be an area of focus for revamped payments infrastructure and tech oriented initiatives.

B2B 40

B2B corporate accounting Government Account 40

PYMNTS

OCTOBER 10, 2018

. “We started with a retail current account and then we launched business accounts, first for limited companies with a single director and now for sole traders as well, and soon for multi-director limited companies,” she said. More recently, the challenger bank rolled out account services for 17- and 18-year olds.

business accounting 51

business accounting Account accountant accounted 51

PYMNTS

AUGUST 6, 2018

Two accounts receivable companies, REPAY Realtime Electronic Payments and InterProse, are integrating their perspective technologies to enhance accounts receivable (AR) services for joint customers. Last year, REPAY enhanced its accounts receivable offering through the acquisition of PaidSuite, another payments player in AR management.

Account 40

Account accountant accounted accounting and finance 40