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Pandemic Wake-Up Call Drives Integrated B2B Platforms

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Corporate finance teams were not simply tasked with finding ways to continue operations in a remote work environment as a result of the coronavirus crisis. There were cases where some of these finance teams could not even understand what their cash visibility looked like.”. The Biggest Pain Points, Revealed.

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Looking Beyond Digitization To Optimize AR

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As enterprise digitization initiatives permeate beyond IT departments and into corporate finance functions, executives are exploring new approaches to modernizing the ways they manage money. Accounts receivable (AR) is also increasingly joining this conversation. The Three As. ” Customer Relationship.

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Why Banks Join FinTechs To Look At More Angles Of Accounts Receivable

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The rivalry between banks and FinTechs seems to be morphing into a B2B ecosystem of collaboration , but the latest joint initiative between KeyBank and Billtrust goes a step further: In addition to launching a partnership, KeyBank has also revealed news that it made a strategic investment in the accounts receivable FinTech.

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Suppliers To Usher In Dynamic Discounting

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Some B2B payments players have predicted that, on the accounts payable side of the transaction, higher interest rates will lead companies to extend their payment terms and to seek out AP technologies that offer integrated supplier financing solutions to help with that cash flow crunch on the supplier side.

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Adjoint CEO On Why Treasury Management Needs Blockchain

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Yet, corporate finance especially is “operating, more or less, the same [way] it has for 20 years prior. Within that ambition, he said, “the only way to create real-time cash management or trading is to allow all parties to see the same pool of validated data.”. Real-Time Window To Treasury Management.

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Robotics Process Automation Rakes In The VC Cash

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RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. Automation Anywhere. Purpose Financial LP led the funding round, reports said.

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Corporates Must Tread Lightly With Delayed Supplier Payment Tactic

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According to Hackett , the main reason why working capital performance improved among large corporates is because they lengthened their supplier payment terms significantly. Corporates in the U.S. took an average of 3.4 days longer than they did in 2016 to pay their suppliers. Meanwhile, days sales outstanding (DSO) increased by 4.4