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.

Cash Flow Forecasting 73

Cash Flow Forecasting Accounting Banking Forecasting 73

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.

B2B 52

B2B Cash Flow Forecasting Valuation Startups 52

PYMNTS

DECEMBER 29, 2020

In this week's roundup of bank-FinTech collaboration and open banking initiatives, Citi embraces the unlocking of account data to third-party FinTechs, while WEX weighs in on opportunity for banks to take advantage of partnerships. WEX Talks Bank Partnerships To Advance B2B Payments. In a statement, Citi U.S.

Cash Flow Forecasting 123

Cash Flow Forecasting B2B Startups Financial Data 123

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 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.,

Cash Flow Forecasting 40

Cash Flow Forecasting B2B Forecasting Financial Data 40

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.

Accounting 52

Accounting Cash Flow Forecasting Invoicing Prioritization 52

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.

Accounting 52

Accounting Accounting Standards Cash Flow Forecasting Compliance 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.

Cash Flow Forecasting 73

Cash Flow Forecasting Forecasting Invoicing Compliance 73

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.

Accounting 76

Accounting Cash Flow Forecasting Startups Forecasting 76

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.

B2B 75

B2B Cash Flow Forecasting Startups Finance 75

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.

Corporate Finance 70

Corporate Finance Finance Cash Flow Forecasting Vendor Management 70

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.

Accounting 46

Accounting Cash Flow Forecasting Budgeting Forecasting 46

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.

Cash Flow Forecasting 60

Cash Flow Forecasting Forecasting Accounts Payable Invoicing 60

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.

Accounting 44

Accounting Cash Flow Forecasting B2B Invoicing 44

PYMNTS

APRIL 11, 2019

said it will be positioned in the Sage Intacct Marketplace and integrate with the Sage Intacct solution via API, linking businesses’ accounts receivable and accounts payable data feeds for cash flow forecasting capabilities. In a press release Wednesday (April 10), Trovata.io solutions, the companies added.

Cash Management 43

Cash Management Cash Flow Forecasting Accounts Payable Forecasting 43

PYMNTS

SEPTEMBER 15, 2020

The predictive intelligence firm says it harnesses “patent-pending” forecasting infrastructure brought together in an instinctive mobile package, according to an announcement. In March, Kabbage rolled out a new initiative that vows to assist SMBs in determining and forecasting cash flow as well as discovering excesses and shortages in cash.

Cash Flow Forecasting 56

Cash Flow Forecasting Forecasting Finance Numbers 56

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.”.

Cash Flow Forecasting 60

Cash Flow Forecasting Planning Treasury Forecasting 60

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.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

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.

Cash Flow Forecasting 61

Cash Flow Forecasting Accounts Payable B2B Budgeting 61

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.”

Invoicing 49

Invoicing B2B Cash Flow Forecasting Profit and Loss 49

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.

Cash Flow Forecasting 40

Cash Flow Forecasting Invoicing B2B Forecasting 40

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.

Cash Flow Forecasting 60

Cash Flow Forecasting Accounting Standards Accounting Firms Reconciliations 60

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.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

NOVEMBER 8, 2019

Bank of America is also developing a new cash-flow forecasting solution for its corporate customers in conjunction with a FinTech partner. Many banks around the world are spending generously to overhaul their digital offerings to let companies handle transactions using smartphones. On Monday (Nov.

Cash Flow Forecasting 44

Cash Flow Forecasting Forecasting Treasury Banking 44

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.

Finance 124

Finance Cash Flow Forecasting Accounts Payable Economics 124

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.

Mergers and Acquisitions (M&A) 78

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.

Accounts Payable 55

Accounts Payable Cash Flow Forecasting Invoicing Financial Analysis 55

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.

Banking 75

Banking Cash Flow Forecasting Accounting Finance 75

PYMNTS

APRIL 8, 2016

Lendified announced last week the acquisition of Mentio, a cash flow forecasting company using data from cloud-based financial systems to analyze and predict the future performance of a business. The Cash Flow Forecasting Legacy. Should they partner with third parties?”

Cash Flow Forecasting 40

Cash Flow Forecasting Forecasting Finance Cash Management 40

PYMNTS

OCTOBER 1, 2019

Accounts receivable automation firm Invoiced is adding new features to its solution, including support for recurring payments and enhanced cash flow forecasting for CFOs. In an announcement issued today (Oct.1), In an announcement issued today (Oct.1), after invoicing customers via the Invoiced platform.

Invoicing 43

Invoicing Cash Flow Forecasting Forecasting Compliance 43

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.

B2C 66

B2C Cash Flow Forecasting B2B Accounts Payable 66

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.

Invoicing 110

Invoicing Cash Flow Forecasting Reconciliations Forecasting 110

PYMNTS

SEPTEMBER 29, 2020

Advances in artificial intelligence (AI) and automation technology has introduced a whole host of ways to help corporate finance teams from accounts payable (AP) to accounts receivable (AR) recover hours lost to what has traditionally been manual tasks. AI Steps in to Help.

Cash Flow Forecasting 59

Cash Flow Forecasting Accounts Payable Invoicing Corporate Finance 59

PYMNTS

AUGUST 7, 2018

Formed more than two years ago, Skippr offers an invoice financing solution to small businesses, as well as a cash flow forecasting solution for borrowers. So far, the company has secured 260 business borrowers on the platform, as well as 110 accountants and bookkeepers. 6) said Skippr raised $11.8

Cash Flow Forecasting 46

Cash Flow Forecasting Invoicing Finance Forecasting 46

PYMNTS

JULY 23, 2018

Using Excels spreadsheets to analyze daily global cash positions is the largest time-waster, analysts found, noting that this process alone wastes 1,296 hours a year. Treasury-related accounting tasks, payment fund transfers and cash flow forecasting are also top time-wasters for treasurers relying on spreadsheets.

Cash Management 40

Cash Management Cash Flow Forecasting Treasury Corporate Finance 40

PYMNTS

SEPTEMBER 14, 2017

YayPay announced new funding in support of its accounts receivable (AR) automation solution designed for the middle market. The company said it focuses on customer satisfaction and relationship management, as well as employee productivity, while enabling more sophisticated cash flow forecasting. 13) it had secured $5.3

Cash Flow Forecasting 47

Cash Flow Forecasting Marketing Invoicing Forecasting 47

PYMNTS

FEBRUARY 24, 2016

While Cocker acknowledged that extended payment terms are often a “necessary evil” and that payment terms as long as 60 or even 90 days payable outstanding can be accounted for in corporate cash flow forecasting, it’s unexpected late payments that are forcing suppliers to ditch corporate partners.

Cash Flow Forecasting 40

Cash Flow Forecasting Prioritization Invoicing Forecasting 40