PYMNTS

MARCH 12, 2019

For proponents of open banking , the regulatory initiative seen in the U.K. While policymakers target protection and customer ownership of data, one of the most prominent selling points for open banking is the ability for data to move seamlessly between once-siloed platforms. But in jurisdictions like the U.S.

Mergers and Acquisitions (M&A) 73

Mergers and Acquisitions (M&A) Banking Invoicing Financial Data 73

PYMNTS

FEBRUARY 12, 2018

The EU’s PSD2 and Open Banking in the U.K. have shone a massive spotlight on the role of API technology in banking to open up competition in the market. “Even payments, that’s a cost for banks. All they want to do, probably, is invest the money they have on their balance sheets and lend. .”

Financial Data 40

Financial Data Banking Invoicing Accounting 40

PYMNTS

DECEMBER 14, 2020

The problem with this strategy, however, is that when every company is looking get paid more quickly but pay their own invoices later, B2B buyers and vendors quickly find themselves in a position in which their own cash flow goals contradict each other. Many Moving Parts. That's error-prone, very static, and takes a lot of time.".

Accounts Payable 123

Accounts Payable Cash Flow Forecasting Prioritization Invoicing 123

PYMNTS

MARCH 20, 2018

FinTechs and non-bank financial service providers are set to take over traditional banks as the preferred choice for small business (SMB) customers in Australia, a new report by Scottish Pacific found. Last December, Tyro, a bank-FinTech hybrid, launched in Australia after it landed a banking license in 2015.

Finance 47

Finance Banking Invoicing Financial Data 47

The Charity CFO

MARCH 27, 2024

For example, a food bank has a category for donations restricted to purchasing food for the bank. Having reliable accounting software is essential to maintaining accurate financial records, and QuickBooks makes it easy to stay on top of transactions, invoices, and more.

Nonprofit 40

Nonprofit Accounts Payable Compliance Invoicing 40

Spreadym

JUNE 19, 2023

Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. Implement efficient invoicing processes, offer incentives for early payments, and promptly follow up on overdue payments to minimize the risk of cash flow gaps.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

PYMNTS

FEBRUARY 19, 2018

But aside from a government mandate, Mattias Hansson, CEO and co-founder of Zervant , told PYMNTS there are major factors behind encouraging entrepreneurs to invoice their clients electronically. For electronic invoicing to gain traction, it cannot create new challenges for small businesses. Integration.

Invoicing 43

Invoicing B2B Securities Financial Data 43

PYMNTS

JANUARY 26, 2017

The solution is called Finlync SAP-DL Integrator , and the idea, said Finlync in an interview with PYMNTS, is that the ERP system is the central home to critical data like purchase orders and invoices, business partner payment information and the like. Faster processes, less complexity, heightened security — it seems like a no-brainer.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

MARCH 27, 2020

open banking may be able to change that. While open banking FinTech innovation has initially focused on opening up bank account data to third party platforms, there is another component to the initiative with major implications for the payments landscape. Opening The Door To QR Codes.

B2B 60

B2B Banking Securities Accounting 60

PYMNTS

FEBRUARY 5, 2018

The discussion around sharing financial data today is most often in reference to major industry happenings, like PSD2, Open Banking and the sudden influx of APIs in the financial services space. They’re entrusting that MSP to make sure their systems are up and running, and that the data is secure.

Finance 43

Finance Financial Data Invoicing Communication 43

PYMNTS

DECEMBER 14, 2018

They include Internet of Things (IoT)-connected manufacturing machines, cross-platform financial data analysis, predictive analytics for inventory management and more. million was raised by B2B startups tearing down data silos. In all, more than $87.8

B2B 51

B2B Startups Treasury Financial Data 51

PYMNTS

NOVEMBER 4, 2016

In B2B payments, that can mean discontent in the way traditional banks and FIs do business or a need for disruptive technologies to come to market faster than banks can offer. For any new FinTech company, securing a deal with a financial giant is good news. ”

Treasury 79

Treasury B2B Leverage Reconciliations 79

PYMNTS

SEPTEMBER 12, 2018

There is no shortage of FinTech firms that have emerged since the 2008 financial crisis aiming to facilitate access to small business capital, many of which target supplier and invoice financing specifically. ” He continued, “Everyone says data is the new gold, the new oil.

Finance 40

Finance Accounts Payable Invoicing Reconciliations 40

PYMNTS

SEPTEMBER 8, 2016

In Brisbane, Xero announced that it has partnered with Macquarie Bank to build out the BPAY payments technology and functionality, to launch initially with Macquarie’s DEFT (to bill customers) and with EFTPOS provider Tyro (to pay suppliers). Fuelled is slated to offer funding secured against unpaid invoices.

Invoicing 40

Invoicing Financial Data Banking Accounting 40

PYMNTS

DECEMBER 26, 2018

This year has shown that a “one-size-fits-all” approach no longer works for banks — or their customers. This has caught many incumbents off guard — lack of insight into customer behavioral data to provide targeted offerings, as well as a lack of innovation to create new customer experiences, has opened the payments landscape for new entrants.

Banking 51

Banking Financial Data Invoicing Manufacturing 51

PYMNTS

JULY 23, 2020

You want to be able to onboard [new vendors] into your system to be able to accept electronic payments, so the very first invoice is paid electronically. CFOs and CIOs are notoriously controlling about financial data ; it’s in their job description. It’s never been more secure, and the needs have never been greater.

Accounts Payable 60

Accounts Payable Invoicing CFO Accounting 60

PYMNTS

AUGUST 4, 2016

Primarily, Reckon provides small and medium-sized enterprises with cloud accounting solutions, but now, it’s utilizing the data it has about small businesses to its advantage by partnering with alternative lending company Prospa to underwrite loans to its SME users. “This is transforming the credit risk analysis process.

Invoicing 40

Invoicing Finance Risk Analysis Credit Risk 40

PYMNTS

DECEMBER 13, 2017

A few bank scandals and research highlighting smaller companies’ frustrations with traditional financial institutions (FIs) have ushered in a wave of challenger banks in the U.K., The latest is Starling Bank, a U.K. challenger bank that positions itself as a mobile-first company.

Banking 40

Banking Securities Finance Financial Data 40

PYMNTS

DECEMBER 7, 2017

It’s not hard to understand why the medium, small and micro-business owners of Canada would appreciate Interac e-Transfer , which enables them to send or receive funds instantly, directly from or to their bank account, as well as request payments from customers — minus the awkward face-to-face element of asking someone for money.

Invoicing 40

Invoicing Banking Accounting Leverage 40

PYMNTS

FEBRUARY 10, 2017

B2B payments, alternative SME finance, enterprise cybersecurity, data management and logistics all secured a financial boost — find out which startup scored the most in our breakdown below. Enterpay enables businesses to pay without credit cards when making purchases online using invoice data, reports said.

B2B 51

B2B Startups Securities Investments 51

PYMNTS

MAY 25, 2016

Today, it is able to manage key business partner relationships, cash flow and financial data, and AP technology provides a deeper level of visibility into these areas than ever before, said the VP. InvoiceSmash, for example, was introduced this month with an emphasis on accelerating invoice processing times.

Accounts Payable 46

Accounts Payable Invoicing Prioritization Accounting 46

PYMNTS

JUNE 28, 2019

It wasn’t the only corporate T&E firm that secured new funding, though, nor was it the only B2B FinTech that raised venture capital. The $1 million in Seed funding for India-based Recko will help the firm grow its payments reconciliation solution for companies in the banking, lending, insurance, eCommerce and telecom industries.

Valuation 43

Valuation Reconciliations B2B Startups 43

Future CFO

FEBRUARY 10, 2021

said Michelle Quek , vice president, Business Operations and Finance at Ensign Info Security. Technology also helped International SOS implement an AI-enabled OCR solution during the pandemic and enabled digital invoicing from hospitals and clinics. Data trust or integrity is another rising challenge.

CFO 52

CFO Finance Auditing Treasury 52

PYMNTS

JUNE 8, 2018

Recent years saw a surge in funding for alternative finance players, as a gap in access to traditional bank loans paved the way for AltFin to make its splash. Based in Seattle, Qumulo offers businesses data management technology via its cloud-based file storage solution. There is a clear pattern in B2B FinTech investment.

Construction 46

Construction B2B Startups Finance 46