Payable

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

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.  

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.

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 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.

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.

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.

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 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.

Payflow scaled finance function with Payable automating 40% of manual tasks and unlocking 30% of working capital with automated reconciliation.

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.

We are excited to announce our new integration with NetSuite, which will revolutionise the way finance teams manage their financial operations.

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.

Efficient cash management involves optimising the use of available funds, maintaining adequate liquidity, and making informed decisions to ensure a healthy financial position.

We are excited to introduce Payable Integrations - the essential connecting layer between bank transactions and finance tools.

Bank reconciliation just got easier! Payable provides intelligent reconciliation for finance teams with automated matching, reporting and clever workflows for conflict resolution.

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.