Author · 17 articles
Journal entry II: Reconciliation in Scaleups
12 Dec 2023
Two of the most pressing challenges that scaling businesses must overcome are inefficient processes and time management. As a business scales, what were once minor inconveniences become magnified, having a ripple effect across the whole business. This is certainly true when it comes to your finance team’s reconciliation process. Join us for the second part of our reconciliation series as we put scaling businesses under the microscope and explore how effectively scaling financial operations wil
Managing client money? Here’s how PSD3 will change your financial operations
30 Nov 2023
The payment industry is changing quickly in light of PSD3. And while a definite timeline for PSD3 is yet to be announced, one thigh is clear - it will shake things up once again. Read on to learn more what PSD3 means for you and what operational challenges it brings along.
Journal Entry I: What is bank reconciliation?
28 Nov 2023
The term bank reconciliation is the process of comparing and verifying bank records with a company’s record of transactions (also called a journal entry). Some refer to this as the financial close process.
Bank connectivity series: Deep dive into host-to-host connectivity
24 Oct 2023
For many businesses, H2H connectivity is the key to automating their treasury and financial operations. It allows to exchange financial data with banks in real time, making it easier to manage liquidity, monitor cash flows, and make informed financial decisions.
Bank connectivity series: Comparing host-to-host, EBICS, APIs, and Open Banking
12 Oct 2023
Bank connectivity keeps the money moving and lets companies pay their bills, get paid, and do all their financial tasks more efficiently. We’ll break down and compare four common bank connectivity options: Host-to-Host, EBICS, APIs, and Open Banking.
My experience as an engineering intern at Payable
11 Oct 2023
Hi, I’m Boris, I was doing my final year of high school this summer when I joined Payable as a Software Engineering Intern building an ROI calculator for their website.
A/P Reconciliation: Keep your payables in check, automatically
30 Aug 2023
Reconciliation has always been a headache for finance teams. It is essential to track your expected payments and bills for effective cash flow management and planning - working out which vendor you need to pay and when.
Why using ERPs for bank reconciliation doesn’t scale
17 Aug 2023
As businesses scale, it becomes more difficult for teams to communicate and collaborate effectively. They use separate systems, processes and software that creates data silos across the business.
Treasury management: Key functions, benefits & best practices
10 Aug 2023
Treasury management is more critical than ever in a constantly evolving business landscape. Especially after the global pandemic, companies are exploring ways in which they can better equip back-office teams to navigate financial uncertainty and gain competitive advantage. Treasury management not only keeps a company’s financial resources in check but also helps manage risks and make informed decisions for growth and profitability. Are you curious about how treasury management can elevate your b
How Payflow ditched spreadsheets to automate payment operations with Payable
06 Aug 2023
Payflow scaled finance function with Payable automating 40% of manual tasks and unlocking 30% of working capital with automated reconciliation.
How to fully automate Xero bank reconciliation
27 Jul 2023
Unfortunately, relying on Xero to automate month-end close will be a challenge, but not all is lost, as there are other ways that make Xero work harder for finance teams.
Automate NetSuite reconciliation with Payable
27 Jul 2023
We are excited to announce our new integration with NetSuite, which will revolutionise the way finance teams manage their financial operations. By connecting NetSuite with Payable, finance teams can seamlessly connect their financial data to banking portals and payment providers, and automate the reconciliation process from start to end. This will improve the accuracy of NetSuite data and save hours each month on manual tasks. Make NetSuite work for you (not the other way around) In a perfect
Automate reconciliation with Xero integration
25 Jul 2023
You can now integrate Xero with Payable and fully automate your reconciliation process from start to end. Save hours (even days!) when preparing financial statements and closing books each month.
Cash management: Effective strategies for financial success
25 Jul 2023
Efficient cash management involves optimising the use of available funds, maintaining adequate liquidity, and making informed decisions to ensure a healthy financial position.
Automate end-to-end reconciliation with Payable Integrations
18 Jul 2023
We are excited to introduce Payable Integrations - the essential connecting layer between bank transactions and finance tools.
Automated Reconciliation: scale payment operations with ease
27 Jun 2023
Bank reconciliation just got easier! Payable provides intelligent reconciliation for finance teams with automated matching, reporting and clever workflows for conflict resolution.
Automating accounts receivable management: guide for finance leaders
23 Jun 2023
Accounts receivable, or A/R for short, is the core pillar of financial management, ensuring that businesses can navigate their liquidity and cash flow. Inefficient accounts receivable management can often become a significant bottleneck for businesses ability to scale.