PYMNTS

MARCH 16, 2020

Buyers will be able to pay suppliers in their own countries’ currencies with ease, according to the release. In addition, the deal will allow better reconciliation of payments with the matching invoices. It will also allow real-time payment tracking along with less inquiries about payment-related issues for suppliers.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

AUGUST 2, 2018

Accounts receivable (AR) management solutions provider Invoiced has enhanced its platform through a partnership with U.K.-based The company announced in a press release Wednesday (August 1) that its collaboration with GoCardless enables businesses to support direct debit payments when they invoice their customers.

Invoicing 40

Invoicing Accounting Reconciliations Currencies 40

PYMNTS

AUGUST 3, 2020

It’s one factor in why so few challenger banks have launched in the country compared to markets like the U.K., where challenger banking has flourished in recent years. has been nowhere near other markets like Japan and Switzerland in embracing digital assets within the banking arena, though it’s not necessarily a surprise.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

JULY 9, 2019

Most said they manually manage intercompany processes like reconciliation, while ad-hoc functions are also common. The tool lets treasurers keep a single account for each currency, for example, or to group accounts based on product line or legal entity. Open Banking Opportunity. The FX Opportunity.

Foreign Exchange 60

Foreign Exchange Banking Currencies Reconciliations 60

PYMNTS

DECEMBER 17, 2019

that develops solutions for digital currency. M10 focuses on creating a digital money solution to help global banks quickly and affordably handle international transfers, settlements and remittances. Open Banking. We offer a single API across all banks,” Kirsch told Webster. It’s moving slowly.”. Uber Angle.

Banking 52

Banking B2B Currencies Reconciliations 52

PYMNTS

APRIL 30, 2020

This week’s examination of the latest in payments rails innovation finds financial service providers innovating on top of existing rails to address the friction of ACH, checks and other bank transfer infrastructure. ACH transaction data standardization will also be important for reconciliation and reporting, said Thorness.

Invoicing 73

Invoicing Reconciliations Currencies B2B 73

PYMNTS

JANUARY 20, 2021

Payments have typically been the exclusive domain of banks, card issuers and FinTechs — distinct from a product or service offering and usually requiring distinct motions for both the buyer and seller to complete a transaction. But that is changing — slowly but surely. It doesn’t have to be complicated, though.

B2C 70

B2C B2B Currencies Invoicing 70

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. As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Open Banking. While Canada has not yet enacted open banking regulatory requirements, much like the U.S.,

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

PYMNTS

MAY 18, 2017

Banks are set up to help corporations and individuals send money to various countries, and for corporates, there is choice: There are alternatives to the banks that promise to help send money more efficiently. For that invoice sent from the U.S. For that invoice sent from the U.S.

Invoicing 59

Invoicing B2B Reconciliations Currencies 59

PYMNTS

JUNE 17, 2020

Once booked, the trip can be paid for via the Expensify Card, with transaction details automatically captured for reconciliation and reporting. The Visa debit cards offer additional services, including purchase protection, while the bank is connecting SMB clients to its network of ATMs and cash deposit machines throughout the UAE.

Reconciliations 67

Reconciliations Accounts Payable Risk Analysis B2B 67

PYMNTS

JULY 10, 2020

Nium then facilitates an electronic funds transfer to the supplier and can support either domestic transfers or cross-border transactions in the currency of an invoice. In addition to heightened visibility and access to reconciliation data, corporate cards connect businesses to a valuable line of credit.

Entertainment 80

Entertainment Accounts Payable B2B Reconciliations 80

PYMNTS

DECEMBER 12, 2019

Contrast that with the fact that well over 40 percent of B2B invoices are still paid by paper check. APIs are also very useful for bank customers in defined verticals like real estate and healthcare, that perform specialized transactions frequently. Banks and FinTechs aren’t doing all this programming and integration work for altruism.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

NOVEMBER 11, 2019

RedCloud Technologies said earlier in the month that it had launched a payment solution, known as Cash Reconciliation & Invoicing By Optics, or CRIBO for short. The solution allows for global supply chains to digitize cash payments and reconcile invoices in real time. Suppliers are notified of real time transfer of funds.

Invoicing 40

Invoicing Reconciliations Currencies Banking 40

PYMNTS

DECEMBER 9, 2020

The enterprise simply wants to have a seamless solution in place when, for example, they want to convert three days’ worth of sales to cash, or when they want to pay an invoice. The business, Summers explained, is agnostic to just how funds get to where they need to go. B2B Use Cases Are Mushrooming. The Rails Stretching Ahead.

B2B 134

B2B Reconciliations Accounting Invoicing 134

PYMNTS

FEBRUARY 8, 2018

B2B payments are an instrumental component of global trade and of setting the stage for currencies to operate as global instruments of cross-border trade. China’s renminbi (RMB) is one global currency that is pushing its international standing, but new data from SWIFT released earlier this month found 2017 was a mixed year for the currency.

B2B 44

B2B Currencies Reconciliations Economics 44

PYMNTS

FEBRUARY 12, 2018

The remaining $2 goes to the bank that issued the card the buyer just used; they use some of it to pay the card network and acquirer. The seller gets access to that money in a couple of days, maybe even quicker with new push payments and faster payments initiatives designed to accelerate the speed of settled sales to bank accounts.

Accounts Payable 43

Accounts Payable Invoicing Accounting Reconciliations 43

PYMNTS

JUNE 9, 2017

But it’s an uphill battle, Dahl said, because banks are standing in the way of this accounting progress. Banks are really hindering this process of making things more efficient,” she said. They’re making it very difficult – at least in Canada, with fewer banks and a lot more control. There is a ton of regulation.”.

Accounting 43

Accounting Technology Accounts Payable Invoicing 43

PYMNTS

OCTOBER 21, 2019

With high-ticket items, people are more likely to use their banks” – and that’s especially true when it comes to paying for higher education. They looked at the top of the invoice or the mobile screen they were using, and saw Harvard,” he said. Smoothing the reconciliation part of the equation has also been a boon, he noted.

Reconciliations 40

Reconciliations Healthcare Education Invoicing 40

PYMNTS

MARCH 16, 2017

Payment senders and receivers don’t have visibility into where funds are as they travel through bank rails, while both ends of the transaction get hit with unfavorable FX and other bank fees. Often, a company may finally receive payment, but the funds don’t match the invoice balance that was sent to the corporate customer. “It

B2B 43

B2B Marketing Compliance Invoicing 43

PYMNTS

NOVEMBER 16, 2017

That need is pushing businesses to integrate technologies into their supply chain management systems to match payments, invoices and POs, for instance, for automated reconciliation. ” Such automation can similarly reduce invoice processing and reconciliation errors, too, he added. .”

Reconciliations 41

Reconciliations Invoicing Accounts Payable Technology 41

PYMNTS

JULY 31, 2017

Considering SMEs the world over are struggling with adopting electronic payments and invoicing, Indian companies are certainly facing a challenge. Cash, in the form of currency notes on hand, does not really help anyone,” Krishnan recently told PYMNTS. “It It is a non-productive depreciating asset.”.

Invoicing 40

Invoicing B2B Accounts Payable Cash Management 40

PYMNTS

MARCH 1, 2019

Consumers no longer had to carry hard currencies, and they could make purchases using money they expected to earn. s FPS enables the almost immediate transfer and availability of funds between the scheme’s participating banks. would consider switching to banks that offer real-time payments capabilities. launched FPS in 2008.

Securities 53

Securities Reconciliations Banking Invoicing 53