PYMNTS

DECEMBER 15, 2020

Businesses can use a recipient's accounting number or email address to initiate a payment, while transaction data is enhanced to support the reconciliation process. The solution is made possible through the adoption of the funds transfer service Interac eTransfer for Business.

Foreign Exchange 94

Foreign Exchange B2B Reconciliations Banking 94

PYMNTS

MARCH 5, 2019

Multi-currency IBAN account provider ONPEX is collaborating with Canada’s Wirexend to provide multi-currency payment solutions for joint business customers. The companies noted that connecting IBANs to Wirexend accounts supports faster and easier reconciliation and security.

Foreign Exchange 46

Foreign Exchange Currencies Reconciliations Accounting 46

PYMNTS

DECEMBER 11, 2019

Recent reports in Accountancy Age said SMBs are largely unaware of open banking, with Intuit Quickbooks finding in a survey of U.K. SMB lender Just Cashflow announced a partnership with Ebury to integrate foreign exchange services as Just Cashflow augments its offering beyond SMB loans. SMB Accounting App Coconut Opens to Banks.

Banking 52

Banking Foreign Exchange Reconciliations B2B 52

Simply Treasury

JUNE 3, 2021

The third one is the real-time collection and payment (we can see that immediacy and the time factor have become crucial, at least for certain industries and B2C’s) and finally immediate (automated) management of foreign exchange risk. automatic reconciliation, Straight Through Processing / STP, use of mass data, etc.).

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

OCTOBER 30, 2019

Open banking jumped onto the financial services scene with a focus on enabling consumer-facing FinTech platforms to connect with their users’ bank account data. The model quickly gained traction and today is accelerating its expansion into B2B financial services, too. Open Banking Targets Corporates.

Banking 41

Banking Foreign Exchange B2B Accounting 41

PYMNTS

MAY 13, 2020

Providing clarity on all sides of a transaction into foreign exchange (FX) and other fees, and who is charging them, means no surprises if funds land in a beneficiary’s account for an amount other than what was expected — an unwelcome surprise that can often lead to shipping and fulfillment delays.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

APRIL 14, 2020

As a treasurer, maybe you would conquer the first few things, which are visibility and reconciliation, and then you would move into other niche areas that you want to automate further to add strategic value to the business.”. “Digitization is not about reaching a destination as you are constantly pushing the envelope,” Rangachari said. “As

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

DECEMBER 11, 2019

Yet, as innovators have chip away at friction points, they have recognized the value of incorporating a supplier’s accounts receivable (AR) experience into their solutions. That’s because AR and accounts payable (AP) processes are intrinsically connected. Foreign exchange (FX) is undoubtedly one of the biggest hurdles.

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

FEBRUARY 5, 2020

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. When every invoice is fully accounted for within a firm, he explained, financial professionals gain insight into the real sources of revenue — as measured against costs.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department.

B2B 65

B2B Foreign Exchange Accounts Payable Reconciliations 65

PYMNTS

DECEMBER 15, 2017

On a good day, managing the ebb and flow of supply chains, accounts receivable and accounts payable can be challenging; on a bad day, juggling all those spinning plates becomes a nightmare. Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately.

Invoicing 48

Invoicing Reconciliations Currencies Foreign Exchange 48

PYMNTS

JULY 8, 2016

“It can take days for the money to reach its destination, and the transfer and foreign exchange fees are excessive and often prohibitive to SMEs.” . “Current cross-border payment processes are expensive, clunky and time-consuming,” said Cofounder and CEO Jack Zhang in a statement. ” Logistics.

B2B 40

B2B Startups Foreign Exchange Invoicing 40

PYMNTS

JULY 2, 2018

” Accounts of South Koreans being spontaneously hoisted onto the shoulders of crowds of enraptured Mexicans also became common across the U.S. Tough week for Bank of America (BoA), which has been accused in a lawsuit of opening more than 100 accounts that it allegedly used to perpetrate a $102 million Ponzi scheme.

Foreign Exchange 41

Foreign Exchange Banking Reconciliations B2B 41

PYMNTS

OCTOBER 6, 2020

The new APIs help with foreign exchange (FX) settlement, obtaining check images and retrieving reports, according to a Tuesday (Oct. In addition, customers can now obtain multiple pictures of checks that have been posted to their accounts to help with account reconciliation with the check image retrieval API.

Treasury 75

Treasury Foreign Exchange Banking Reconciliations 75

PYMNTS

JULY 9, 2019

Most said they manually manage intercompany processes like reconciliation, while ad-hoc functions are also common. This lack of insight into intercompany accounts can result in misstated financials, fraud and, overall, a lack of understanding into cash positions and allocations. Open Banking Opportunity.

Foreign Exchange 60

Foreign Exchange Banking Currencies Reconciliations 60

PYMNTS

DECEMBER 2, 2020

Sage has unveiled a new partnership with Satago , a cash management and finance program for small firms and accounting professionals, according to an announcement. FinTech firms Cobase and Ebury are now working together to roll out Ebury's foreign exchange services on Cobase's multi-banking platform, according to a press release.

Cash Management 57

Cash Management B2B Foreign Exchange Banking 57

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. DLT enables real-time asset ownership, like cash, and can provide that access to shared data, such as files and account balances. Real-Time Window To Treasury Management.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

JUNE 7, 2018

As the world continues to shrink and companies do more business beyond their borders, quick and efficient fund transfers and reconciliations have become crucial to keeping everything organized and everyone happy. Those operating in multiple counties must also manage cross-border money transfers between their far-flung offices’ accounts.

Reconciliations 46

Reconciliations Currencies Foreign Exchange Accounting 46

PYMNTS

SEPTEMBER 4, 2018

Apart from supplier payments, the shift could have significant impacts on foreign exchange conversions for faster hedging, real-time investments, faster risk-mitigation capabilities and real-time visibility into more accurate cash positions. “As

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

NOVEMBER 7, 2019

That streamlined experience will include improvements like providing international customers with foreign exchange rate transparency, or allowing customers to remit funds via local payment methods via Flywire’s platform. The partnership between BoA and Flywire is new, but their association is long, Massaro noted.

Foreign Exchange 44

Foreign Exchange Education Reconciliations Banking 44

PYMNTS

MAY 1, 2018

Globalization of companies’ supplier base was also a factor in the complexities of their B2B payments processes, analysts noted, with most respondents reporting that foreign exchange payments were involved in up to a fifth of their monthly B2B payments. Companies spent a combined $68.8

B2B 47

B2B Invoicing Foreign Exchange Pharmaceutical 47

Future CFO

JANUARY 12, 2021

Working capital and cash flow optimisation With uncertain times ahead, CFOs today must monitor the impact of price volatility, foreign exchange fluctuations, and interest rate changes, and be able to rapidly revise financial asset positions and protect against increased credit risks.

Foreign Exchange 40

Foreign Exchange CFO Compliance Reconciliations 40

PYMNTS

MARCH 1, 2018

Mac acknowledged a “learning curve” when entering into such an ecosystem of differing rules, language barriers and foreign exchange demands — the latter of which can also significantly complicate the expense management process. Every country has its own regulations, and the EU has its own complex regulations.”.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40

PYMNTS

JULY 18, 2016

Among those costs and inefficiencies that eat away at time and profit: high foreign exchange fees, the time spent on itineraries, juggling cross-border bookings and even credit lines that can be expensive. Much of those margins can be lost to costs that can, in fact, be controlled or streamlined with better automation of processes.

B2B 40

B2B Foreign Exchange Reconciliations Technology 40