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

AUGUST 24, 2018

Finance-as-a-Service startup Consero Global secured $50 million in funding for its solution, with reports in AustinInno calling it one of the largest investment rounds for a mid-market financial services startup. The company was one of several B2B FinTech startups this week to secure new funding.

Finance 40

Finance accounting and finance B2B bookkeeping 40

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

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 Banking. Corporate Accounting. though, is a particularly bright star this week, as more than 60 percent of that funding went to London startups.

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

AUGUST 1, 2018

Trade finance is a critical part of cross-border trade, particularly for small businesses. The explosion of different kinds of trade finance enables businesses to address multiple areas of cash flow gaps for both buyers and suppliers, all with the same goal: keep the global trade gears turning. Defunct U.K. Defunct U.K.

Finance 40

Finance accounting and finance corporate accounting accounting standards 40

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

FEBRUARY 13, 2019

In the accounting space, that means integrations with enterprise resource planning (ERP), accounts receivable, accounts payable, procurement, banking and other portals. This is one reason why companies may choose to work with a firm like Codence to custom build accounting software into their firms.

Finance 75

Finance general ledger accounting and finance accounts payable 75

PYMNTS

AUGUST 6, 2018

The movement to speed commerce comes alongside the movement to open up trade finance, the funding of international trade through various agreements between sellers and buyers. But when late payments become part of the tapestry, financing options and inventiveness suffer. One notable user of such financing: Carillion, the U.K.

Finance 40

Finance Construction accounting and finance corporate accounting 40

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

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

APRIL 10, 2020

Financial technology innovation has opened the doors to massive transformation of corporate finance departments. While flashy corporate FinTech is exciting, innovation efforts have rarely focused on a mainstay of corporate finance teams: the financial close process, a crucial, but continually outdated function.

Technology 87

Technology accounting and finance Finance accounts payable 87

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 accounts payable AP Processes 61

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

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

FEBRUARY 15, 2019

The largest round of the week went to OakNorth , but other significant investments landed at supply chain management, corporate accounting and small business finance players, totaling more than $821 million in total VC funding. PYMNTS breaks down all the latest B2B funding rounds below. Chainalysis.

Technology 49

Technology accounting and finance B2C B2B 49

PYMNTS

JULY 2, 2018

Financial Reporting Council’s Financial Reporting Lab has released a new report on the potential applications of blockchain in the corporate accounting space. But the group also acknowledges that blockchain technology is not yet sufficiently developed to actualize its effect in the corporate finance space.

Technology 40

Technology accounting and finance corporate accounting Finance 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

OCTOBER 21, 2020

With the new funding, Finexio is looking at continuing to streamline and optimize the last mile of the corporate accounts payable process. That enables finance teams to work faster and remove clunky manual processes.

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accounts payable AP Processes Florida Hospitality 95

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

MARCH 10, 2016

The company said this week that its new enterprise accounting solution, Dynamics AX, will run entirely on the Azure cloud infrastructure. According to reports on Wednesday (March 9), other accounting solutions from Microsoft only ran partially on the cloud; with Dynamics AX, Fortune reports, Microsoft is going “all in” on cloud technology.

Finance 40

Finance Technology corporate accounting accounting and finance 40

PYMNTS

JANUARY 22, 2019

Corporate treasurers are exploring AI for their own cash management and forecasting needs, while AI is also being explored among both traditional and alternative finance players for risk mitigation and underwriting purposes. ” Even so, only 11 percent of companies surveyed have integrated AI within their finance functions. .”

Technology 77

Technology accounting and finance Finance corporate accounting 77

PYMNTS

AUGUST 14, 2019

In a statement, SAP Concur Managing Director of Australia and New Zealand Matthew Goss said the collaboration will “provide travelers with easy-to-file expense claims and for finance managers [will provide] visibility into these expenses for compliance and control purposes.” ” In the U.S. ” In the U.S.

Expense Management 43

Expense Management accounting and finance B2B corporate accounting 43

PYMNTS

JUNE 22, 2020

Corporate fraud continues to plague businesses large and small, and in this week’s B2B fraud tracker, many of the latest cases of nefarious activity within the enterprise can be traced back to the continued use of paper and legacy systems. The biggest story this past week, of course, was the revelation that as much as $2.1

Gambling 79

Gambling accounts payable accounting and finance B2B 79

PYMNTS

MAY 3, 2019

Chief financial officers are changing their views on how they assess corporate performance in light of changes to lease accounting rules coming into play. Companies including Orange, Deutsche Telekom and Air France have already notified investors that they are amending or changing performance metrics.

Account 49

Account accountant accounted international accounting standards 49

PYMNTS

MARCH 12, 2020

Nucleus Software on Thursday (March 12) announced the launch of expansions to its FinnAxia services to open virtual bank accounts for customers. Nucleus, which works in the field of lending and transaction banking, introduced the new service to help banks open virtual accounts for corporate customers. FinnAxia 7.0, FinnAxia 7.0,

accounting and finance 60

accounting and finance corporate accounting Account accountant 60

PYMNTS

JANUARY 2, 2020

Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance tool prevents investors and auditors from gaining a transparent view into company finances.

auditor 52

auditor accounting and finance audit Finance 52

PYMNTS

FEBRUARY 2, 2018

In addition, B2B venture capital (VC) went to FinTech firms and underbanked consumers and small businesses (SMBs) experienced banking hurdles. million | The amount of B2B VC FinTech funding allotted to corporate accounting, supply chain management and Software-as-a-Service (SaaS) firms according to PYMNTS weekly B2B VC roundup.

B2B 40

B2B accounting and finance corporate accounting Tax 40

PYMNTS

NOVEMBER 6, 2018

There is also the chance (please no, not this time) of some hassle with payments, such as the corporate account or card not going through, or maybe, on the travel agency side, a software glitch or another problem that adds friction and frustration to an already long travel day. Innovation Challenges. Large Firm Advantage.

B2B 70

B2B accounting and finance corporate accounting Technology 70

PYMNTS

MARCH 29, 2019

The co-chief executive officer of Asiana Airlines is exiting the company following an accounting debacle that led two auditors to reject the company’s annual reports. Analyst pointed to the company’s lack of accounting transparency as a key factor behind those warnings.

Account 46

Account accountant accounted auditor 46

PYMNTS

MARCH 10, 2020

Accountant close management software company FloQast has upgraded FloQast AutoRec, the company’s AI-powered solution to account reconciliation, according to a release. . For the unmatched transactions that are left, FloQast helps those get resolved through a standardized Excel account reconciliation, and it has a full audit trail.

accounting and finance 54

accounting and finance corporate accounting audit Account 54

PYMNTS

MARCH 15, 2020

CashInvoice said anticipated growth will enable it to self-finance an initial public offering (IPO) in 2021. If CashInvoice reaches its 500,000 euros ($555,000) target, it will join the few startups that are financed with equity crowdfunding and quickly move to a subsequent round on the stock exchange. In the U.S.,

accounting and finance 52

accounting and finance corporate accounting Finance Account 52

PYMNTS

AUGUST 5, 2016

On-the-go payments seem to be climbing the ranks among corporate priorities. New research from Kaspersky Lab and B2B International says corporates are increasingly using mobile devices for accounting and payments. About half of top corporate executives put money into corporate accounts with a mobile device, reports added.

B2B 43

B2B accounting and finance corporate accounting Finance 43

PYMNTS

OCTOBER 31, 2019

In the flurry of payments innovation, it can be difficult to remember that legacy tools remain commonplace, especially in corporate payments. It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. Modernizing the Lockbox.

B2B 43

B2B accounting and finance corporate accounting Account 43

PYMNTS

JANUARY 26, 2018

Securities and Exchange Commission (SEC) has reportedly opened an investigation into the accounting practices of digital industrial company General Electric (GE). Washington Post reports this week said GE revealed the SEC’s probe was linked to its disclosure of a miscalculation in its insurance unit.

Account 46

Account accountant accounted Washington 46

PYMNTS

JUNE 25, 2018

Reactive instead of proactive planning, late payments, a lack of visibility: Accounts payable professionals in the U.K. Accounts payable automation firm Invu released its latest survey, “ Changing trends in the purchasing processes of U.K. In its survey of 200 financial decisions at U.K.

accounts payable 40

accounts payable Accounts Payable Automation AP Automation accounting and finance 40

PYMNTS

DECEMBER 18, 2018

17), Paychex said its General Ledger Service (GLS) now integrates into QuickBooks Online for faster access to key data for both small businesses and their accountants. Last month, payroll firm ADP enhanced its Accountant Connect functionality to strengthen its existing integration with QuickBooks. In a press release issued Monday (Dec.

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quickbooks general ledger payroll accounting and finance 62