PYMNTS

NOVEMBER 13, 2018

APIs offer third-party FinTech firms new opportunities to make use of valuable data stored within traditional bank accounts. Such is the case in cash flow management, according to Chief Commercial Officer Simon Lyons of The Slide App , a new mobile tool rolled out by virtual account management solutions provider Cashfac.

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Cash Flow Forecasting Accounting Banking Forecasting 73

PYMNTS

DECEMBER 28, 2020

PYMNTS December 2020 Global B2B Payments Playbook done in collaboration with Worldpay makes a simple, somewhat baffling observation: “Many B2B payments are [still] being made over the same rails that firms have leveraged for decades, utilizing familiar payment tools and being supported by the same pre- and post-payment systems.”.

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B2B Cash Flow Forecasting Invoicing Leverage 71

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. According to Lansdowne-Higgins, among the biggest challenges in accounts payable today is the data silos.

B2B 62

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

PYMNTS

FEBRUARY 8, 2019

A year ago, he said, he would have advised just one year of cash reserves. Adianta focuses on linking small businesses to working capital to finance inventory, and accelerate accounts receivable and payable turnovers, while the company also offers invoicing technology to help accelerate the financing process.

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B2B Cash Flow Forecasting Startups Invoicing 75

PYMNTS

FEBRUARY 20, 2019

One of the most popular targets for innovators is the accounting space, where business processes touch on various aspects of an overall company, from accounts receivable and payable to cash forecasting and financial strategy development. This has introduced a new dynamic for the small business accountant.

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Accounting Cash Flow Forecasting Startups Forecasting 76

PYMNTS

JANUARY 17, 2020

With Tradeshift securing a nine-figured fundraise, the supply chain payments company was the undoubted leader of this week’s B2B venture capital fundraise. But the company wasn’t the only B2B FinTech to secure fresh funding. million landed at B2B startups this week. Below, PYMNTS looks at how more than $292.5 TechnifyBiz.

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B2B Cash Flow Forecasting Startups Valuation 52

PYMNTS

JUNE 11, 2020

Cash is king, and today, cash flow management is an imperative function for large corporations and small businesses — many of which continue to struggle with the market volatility and business disruption caused by the COVID-19 pandemic. Xero, Transferwise Team For SMB Cash Flow.

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B2B Accounts Payable Cash Flow Forecasting Reconciliations 52

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

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PYMNTS

JANUARY 15, 2021

14) rolled out a “Cash Flow Forecasting” tool through its online banking unit. Designed for HSBC commercial banking clients, the bank’s Cash Flow Forecasting tool automatically loads data from a firm’s various accounts. The Vancouver-based bank on Thursday (Jan.

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PYMNTS

JUNE 26, 2020

This challenge exists for professionals across the back office, but in business accounting, the lack of data integration and accuracy mean finance experts are spending valuable time correcting information and moving numbers from one platform to another. ” Supporting an Accounting Shift.

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Accounting Cash Flow Forecasting Invoicing Prioritization 52

PYMNTS

MARCH 8, 2020

The improvements will be in the fields of cash flow forecasting, payments, late payments, administration and payroll compliance. QuickBooks ’ new cash flow forecasting feature, the company said, will lend business owners 30- and 90-day forecasts for cash flow, using data held within their accounts.

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Cash Flow Forecasting Forecasting Invoicing Compliance 73

PYMNTS

FEBRUARY 27, 2018

Analytics technologies like machine learning, artificial intelligence (AI) and robotics process automation (RPA) turned cash flow forecasting into more of a science than it’s ever been. Franchisees often have multiple business locations, so it’s hard to keep track of the cash in your bank,“ he said. In the U.S.,

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Cash Flow Forecasting B2B Forecasting Financial Data 40

PYMNTS

JANUARY 15, 2021

Today in B2B payments, HSBC launches cash flow management tool, and TD Bank acquires equipment finance operations from Wells Fargo. 14) rolled out a “Cash Flow Forecasting” tool through its online banking unit. AspireHR Teams With SAP Concur For T&E, Invoice Management. 14) announcement.

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B2B SAP Finance Cash Flow Forecasting 55

PYMNTS

JUNE 4, 2020

The International Accounting Standards Board introduced a significant overhaul to lease accounting standards , and while the changes went into effect at the start of 2019, corporates continue to face challenges to adhere to the standards and remain compliant. In the U.S., “A primary example would be Walmart,” explained Mia.

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Accounting Accounting Standards Cash Flow Forecasting Compliance 52

PYMNTS

JULY 10, 2019

Mastercard is launching a new service designed to make it easier for B2B vendors to accept virtual cards. Mastercard is collaborating with invoice-to-cash and accounts receivable technology firm VersaPay to deliver the solution, the companies noted. “As

Cash Flow Forecasting 62

Cash Flow Forecasting Reconciliations Invoicing B2B 62

PYMNTS

JUNE 19, 2018

Small business software provider Zetran is adding an accounting solution to its suite of services, the company said on Sunday (June 17). In a press release , Zetran said it saw a gap in the market for affordable automation software for small and medium-sized business accounting firms.

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Accounting Cash Flow Forecasting Budgeting Accounting Firms 46

PYMNTS

MAY 15, 2017

Accounts receivable company YayPay is adding new capabilities to its platform after launching in 2015. Reports Friday (May 12) said YayPay is integrating cash flow forecasting capabilities for companies that are unsure about their future cash positions considering all of their outstanding invoices.

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Forecasting Cash Flow Forecasting Accounting Invoicing 40

PYMNTS

DECEMBER 12, 2017

That’s the status quo in corporate payments, and it’s not only creating friction for the business payer; it’s creating headaches for small business (SMB) accounting too. He recently told PYMNTS that small business accountants are much like their clients in the way they make and receive payments.

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Accounting Cash Flow Forecasting B2B Invoicing 44

PYMNTS

FEBRUARY 9, 2018

Instead, VCs leaned conservatively toward a mix of B2B FinTechs operating in the financial management space for small businesses (SMBs) and in the treasury management market for mid-level and larger enterprises. It seems VC has cooled off a bit in the B2B FinTech front. Corporate Accounting. This week, the U.S.

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PYMNTS

AUGUST 4, 2020

That’s not to discount the very real cash flow challenges businesses around the world continue to face today. Not all corporates are in a position to accelerate accounts payable (AP) or extend trade financing programs to vendors, with players in industries like travel and hospitality in a particularly precarious situation.

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PYMNTS

SEPTEMBER 23, 2020

Intelligent Collections will provide real-time visibility and predictive tools to show accounts receivable departments which accounts might be late on payments or delinquent, according to the release.

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Corporate Finance Finance Cash Flow Forecasting Vendor Management 70

PYMNTS

JUNE 29, 2018

. “It is interesting that in a healthy, growing economy, bad debt continues to plague the B2B markets,” said David Huey, president and regional director of U.S., Canada and Mexico at Atradius , which has just released new analysis on B2B payment practices across North America. Huey called this statistic “eye opening.”

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PYMNTS

MAY 11, 2017

With FinTech innovators finally starting to give B2B solutions the attention they have longed for, there are now troves of platforms companies can access, from expense management to cash flow forecasting to supplier management. AvidXchange and Vroozi are only the latest B2B FinTech companies to collaborate.

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B2B Cash Flow Forecasting Accounts Payable Invoicing 42

PYMNTS

APRIL 14, 2020

However, those data attributes are critical when it comes to automatically reconciling incoming and outgoing payments, and for supporting cash flow forecasting. Larger, more established firms may have specific pain points to address, such as foreign exchange (FX) mismatches across several accounts.

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PYMNTS

OCTOBER 30, 2020

Redirect fraud is another issue, in which hackers alter an existing invoice or generate an entirely fraudulent one with different bank account details on the bill. There will certainly be people who pay without thinking, 'What's going on here?'". AI will continue to be an instrumental role in that effort.

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Invoicing Cash Flow Forecasting Reconciliations Forecasting 110

PYMNTS

AUGUST 27, 2019

The Certified Personal Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of digital tools — including cloud accounting portals, cash flow forecasting solutions and intelligent technologies like artificial intelligence (AI) — continuing to rise.

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Cash Flow Forecasting Accounting Firms Accounting Standards Accounting 60

PYMNTS

JULY 30, 2020

Rather, according to Jirav CEO and Co-founder Martin Zych , though FinTechs have done wonders to automate processes like accounts payable or transaction coding through the ingestion of information, often forgotten is the automation of data outflows from those systems into a single source of truth. ” Finding The Right Path.

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Forecasting Economics Cash Flow Forecasting Accounts Payable 78

PYMNTS

AUGUST 30, 2019

based B2B startups took control of the funding reins this week, with five of the seven newly-funded technology firms based stateside. PYMNTS breaks down the latest B2B startup investment rounds below. But it was the workspace sharing industry that saw the most funding.

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B2B Cash Flow Forecasting Accounts Payable Startups 40

PYMNTS

JUNE 13, 2019

As much as 80 percent of firms still rely on paper checks when it comes to making business-to-business (B2B) payments. There are also providers that offer techniques to help with cash-flow forecasting for treasury departments. After all, faster payments impact cash flow, too. Why B2B Lags.

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PYMNTS

JANUARY 28, 2020

Advances in data integration and automation have taken small- to medium-sized business (SMB) accounting to the next level. In the effort to migrate SMBs and their accountants away from spreadsheets, technology now enables accountants to spend less time on manual number-crunching and more time on strategic processes.

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Cash Flow Forecasting Forecasting Accounts Payable Accounting 60

PYMNTS

FEBRUARY 28, 2020

This leads to the second challenge: “No business owner has ever said, ‘I can’t wait to buy more accounting software,'” said Daher. With more bookkeeping software solutions available on the market, B2B FinTech firms have come to tackle this point of friction for small business owners.

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Cash Flow Forecasting Accounts Payable B2B Budgeting 61

PYMNTS

NOVEMBER 10, 2020

With open banking technologies making their way beyond the world of consumer finance and into the business banking market, new use cases are emerging from the legislation that opens up bank account data and offers FinTechs opportunities for new functionalities via deeper data integrations.

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Banking Cash Flow Forecasting Accounting Finance 75

PYMNTS

JANUARY 13, 2021

Indeed, the entire practice of annual or periodic forecasting is now falling by the wayside as CFOs seek more effective ways to navigate pandemic-fueled uncertainty. As he told PYMNTS in a recent interview, new cash flow forecasting strategies that surface today are likely to stick around for the foreseeable future.

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Forecasting Cash Flow Forecasting Financial Data Finance 56

PYMNTS

JANUARY 7, 2021

In addition to business accounts, Anytime provides SMBs with expense management, payment solutions, invoicing and cash flow management tools. The acquisition adds to Unifiedpost's offering to access banking data unlocked via open banking, and to analyze that information for cash flow forecasting and other use cases, it said.

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Mergers and Acquisitions (M&A) Cash Flow Forecasting Invoicing Nonprofit 78

PYMNTS

JANUARY 18, 2019

Mastercard ‘s commercial card spend management solution In Control has been integrated into the accounts payable (AP) automation platform of MineralTree , the companies said in a press release on Thursday (Jan. MineralTree, meanwhile, has partnered with Visa in the past to support the adoption of commercial cards in accounts payable.

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Accounts Payable Cash Flow Forecasting Invoicing Financial Analysis 55

PYMNTS

SEPTEMBER 27, 2017

The executive added that he feels it is unlikely the B2B late payments culture of the U.K. Labour Leader Jeremy Corbyn took a loud stance on the issue in the B2B payments space, saying he would “declare war” on large corporates that pay their small suppliers late. will change anytime soon, despite innovations like eInvoicing.

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Cash Flow Forecasting Invoicing B2B Forecasting 40

PYMNTS

JUNE 25, 2020

Just as with business continuity strategies, developing a resiliency plan must include an enterprise-wide scope and take into account the many unknowns that create only one certainty: Volatility will continue. It’s also taking it a step further in this environment and looking at your vendors and customers in terms of cash flow forecasting.”.

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