PYMNTS

SEPTEMBER 17, 2019

Instead, taking a look at the latest solutions to emerge on the market shows various applications for speed in commercial transactions, from faster deposits for small businesses, to virtual cards enabling faster invoice payments for suppliers. Chase Accelerates SMB Bank Deposits.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

PYMNTS

APRIL 23, 2020

Unfortunately, independent contractors have also frequently been left out of the picture for traditional banks and even newer FinTechs despite the recent influx of small business cloud accounting apps and other B2B FinTech platforms. Accounts payable is the money you owe your suppliers. Easing The User Experience.

Accounting 56

Accounting Accounts Payable Invoicing Cash Management 56

PYMNTS

JULY 21, 2017

Small business accounting and cash management took home the gold this week, with two startups raising a collective $93 million in funding. But the streak of B2B FinTech investments continues for startups of several industries, including cybersecurity, alternative finance and more. SME Accounting. Canada and India.

Cash Management 40

Cash Management Startups Invoicing Accounts Payable 40

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

AUGUST 7, 2020

Unisys has partnered with PayCargo , which works in electronic invoicing and settlements for shipping companies, to deliver a new payments platform for cargo providers that a press release touts as more secure and faster.

Securities 102

Securities B2B Auditing Cash Management 102

PYMNTS

OCTOBER 10, 2016

Just look at SAP Ariba , which integrated PrimeRevenue’s supply chain financing into its spend management platform, or Reckon , a small business accounting platform that recently rolled out an SME lending feature thanks to Prospa. “We’ve seen companies that get nailed from a cash flow perspective,” Grant said.

Cash Management 76

Cash Management SAP Finance Invoicing 76

PYMNTS

SEPTEMBER 20, 2017

JPMorgan Chase is the latest financial institution to team up with a B2B payments FinTech. 19) announced news that JPMorgan is partnering with Bill.com to integrate its B2B payments technology into its own Chase platforms early next year. It’s not JPMorgan’s first FinTech partnership in its effort to boost B2B services.

B2B 50

B2B Invoicing Cash Management Accounting 50

PYMNTS

SEPTEMBER 17, 2020

Cloud-based clearing bank ClearBank has begun offering multi-currency bank accounts using an API, according to a press release. Beginning in the fourth quarter this year, the bank will allow users to access over 30 multi-currency accounts. ClearBank's capabilities make it doable for Oxbury Bank to loop into U.K.-based

Currencies 64

Currencies Accounting Banking Foreign Exchange 64

PYMNTS

MARCH 4, 2020

Business to business (B2B) application programming interfaces (APIs) are helping smooth the flow of data between companies, including businesses and their financial services software as well as between banks and their corporate clients. Around The B2B API World. Other banking integrations seek to revamp B2B payments.

Treasury 96

Treasury B2B Cash Management Leverage 96

PYMNTS

JANUARY 16, 2020

Open banking and its promise of more elasticity in finance is enabled by application program interfaces (APIs) — lines of code that execute everything from simple peer-to-peer (P2P) transfers to industrial-sized B2B real-time payments. That idea understandably has immense appeal to SMBs, and APIs are the conduit.

B2B 53

B2B Finance Cash Management Invoicing 53

PYMNTS

JANUARY 30, 2017

Used to be that managing a company’s liquidity and cash position was a matter of reconciling disparate bank accounts at the end of the day. Trade finance, they said, could help boost efficiency in cash management and supply chain (via dynamic discounting on invoices).

Cash Management 49

Cash Management Treasury Invoicing Currencies 49

PYMNTS

MARCH 27, 2019

Accounts payable (AP) automation company Tipalti is expanding its reach into the market by partnering with three new B2B companies, which will extend Tipalti’s solutions to their own customers. The enhanced integration aims to strengthen control and communication for both ends of the transaction.

B2B 46

B2B Accounts Payable Reconciliations Cash Management 46

PYMNTS

FEBRUARY 15, 2017

small businesses are losing billions of dollars every year because they aren’t properly managing company cash flow, a new survey finds. billion every year, collectively, because they spend so much time managing company finances like invoices, employee expenses and financial forecasting. Reports Tuesday (Feb.

Cash Management 43

Cash Management Invoicing Startups Forecasting 43

PYMNTS

MAY 19, 2017

Find out which startup landed the cash, along with the other B2B startups that saw their share of investments this week, below. Supply Chain Management. supply chain management company AKUA announced $3 million in Series Seed financing this week. Cash Management. B2B Marketing. Based in the U.S.,

B2B 61

B2B Investments B2C Cash Management 61

PYMNTS

NOVEMBER 15, 2019

Traditionally, the cost and administrative burden of card acceptance has kept the tool from gaining traction in accounts payable. But shifting priorities among buyers and suppliers have elevated the opportunity for cards to meet changing cash management needs. Bending the Card Rails. One hurdle for the rail revolves around data.

B2B 53

B2B Accounts Payable Cash Management Reconciliations 53

PYMNTS

APRIL 29, 2016

In an announcement on Wednesday (April 27), APEX Analytix revealed a four-step cash management strategy to combine data analytics and supplier management tools. Accounts payable and procurement are partnering with treasury to look at cash management more holistically,” the executive said.

Cash Management 40

Cash Management Accounts Payable Treasury 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.

Accounting 44

Accounting Cash Flow Forecasting B2B Invoicing 44

PYMNTS

OCTOBER 25, 2017

Countingup , a FinTech that aims to combine and streamline corporate banking and accounting for small- and medium-sized businesses (SMBs), secured fresh funding this week, according to news from TechCrunch. Fouracre told the publication that it will also provide VAT returns, invoice generation, reporting and other features. “If

Accounting 44

Accounting Banking Invoicing Construction 44

PYMNTS

JUNE 19, 2019

HSBC is rolling out its digital accounts receivable solution for corporates in India after teaming up with Australia-based Identitii , reports in IT Wire said on Tuesday (June 18). “HSBC’s DART is an industry first,” said Identitii CEO Nick Armstrong in a statement.

Accounting 55

Accounting Communication Cash Management Invoicing 55

PYMNTS

JULY 16, 2019

Billie, a Germany-based startup offering invoicing and financing solutions for small businesses and corporates, announced about $33.6 Billie operates a platform upon which companies can send invoices to their corporate customers, collect payments and access invoice financing on unpaid bills.

Finance 40

Finance Invoicing B2B Accounts Payable 40

PYMNTS

JUNE 22, 2016

In B2B payments, accounts payable automation is a hot topic, as are the challenges AP professionals face when it comes to paying suppliers and managing the data from those transactions. But as Corcentric and IOFM revealed, the accounts receivable department may not have total control over its ability to get automated.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

PYMNTS

AUGUST 9, 2017

That’s because these companies are often working onsite and in the field, therefore having to issue invoices and accept payment on-the-spot, too. are sitting on $825 billion in unpaid invoices, with the average small- to medium-sized business (SMB) owed $84,000. Fundbox researchers estimated that small businesses in the U.S.

Invoicing 45

Invoicing Advertising Cash Management Securities 45

PYMNTS

SEPTEMBER 21, 2017

Invoice financing company PeerPay is working with cash flow management firm CaFE to enhance small business (SMB) services. 20) that PeerPay, operated by FloFunder , is working with CaFE in an effort to bring greater transparency and predictability into small- and medium-sized business cash management.

Invoicing 43

Invoicing Finance Cash Management Accounting 43

PYMNTS

JULY 2, 2020

Often at the center of this initiative is the accounts payable (AP) department — and unsurprisingly for these volatile times, the strategy can turn toward lengthening the days payable outstanding (DPO). Some businesses are only just beginning their commercial card journeys as part of a broader push to digitize B2B payments.

Economics 104

Economics Accounts Payable B2B Reconciliations 104

PYMNTS

APRIL 1, 2016

Corporations have been chastised in recent years as floods of new data reveal the ongoing prevalence of paper checks in B2B payments. Bank’s head of receivables solutions for treasury management. The B2B payments space, on the other hand, not so much. The B2B space has, historically, had challenges.”. B2C To B2B.

B2B 41

B2B Accounts Payable B2C Banking 41

PYMNTS

DECEMBER 30, 2020

The shift toward contextual banking has a tailwind in place as the financial institutions (FIs) that have been market leaders have been seeing strong deposit growth — and as corporate customers are growing those balances, they want to be able to see their account activity and cash balances visible within the same application on demand.

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

PYMNTS

FEBRUARY 1, 2021

Although the purpose of digitization in the finance department is, in many cases, to strengthen cash management, the effect of so many siloed systems can actually be quite different. As Berghald explained, that’s because each critical function — from invoicing to payment to accounting — all occur separately from each other.

Finance 82

Finance Invoicing Reconciliations Prioritization 82

PYMNTS

JANUARY 26, 2017

Cross-border payments, trade finance, smart contracts — blockchain has the potential to disrupt B2B processes, but FinTech players are only beginning to take these concepts onto a real-world stage. For one firm, Finlync , the key to unlocking the potential of blockchain in B2B processes is unlocking the underlying data of that activity.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

DECEMBER 11, 2019

Those pain points expand far beyond the retailer’s walls, too, as these businesses are forced to figure out how to utilize high volumes of cash to make payments to their B2B suppliers. Traditionally, B2B commerce is conducted over the phone and via email. An Emerging Late Payments Problem. “Sometimes they forget.

B2B 52

B2B Invoicing Accounts Payable Compliance 52

PYMNTS

FEBRUARY 1, 2021

Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. That information is then easy to process for generating insights and informing cash management decisions. .

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

PYMNTS

OCTOBER 11, 2017

The latest edition of the PYMNTS.com B2B API Tracker™ , a FI.SPAN collaboration, looks at the latest solutions improving the way B2B payments are exchanged and innovating the way financial institutions offer payment-related services for customers. . Here’s a snapshot of some recent notable B2B API news: . About the Tracker.

B2B 71

B2B Cash Management Invoicing Currencies 71

PYMNTS

MARCH 1, 2016

deals were also joined by B2B companies. Meanwhile, AvidXchange, which provides accounts payable and automation solutions for corporations, also landed among the elite with a $225 million funding round led by Bain Capital in September. The alternative lending platform focuses on student lending, but some of the top U.S.

B2B 40

B2B Foreign Exchange Accounts Payable Startups 40

PYMNTS

OCTOBER 31, 2019

It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. It enables payment information to travel with the payment so that the payment can be properly applied to the appropriate invoice,” he said. “In

Reconciliations 43

Reconciliations Invoicing B2B Treasury 43

PYMNTS

DECEMBER 29, 2016

Some B2B payments players have predicted that, on the accounts payable side of the transaction, higher interest rates will lead companies to extend their payment terms and to seek out AP technologies that offer integrated supplier financing solutions to help with that cash flow crunch on the supplier side.

Accounts Payable 49

Accounts Payable B2B Invoicing Corporate Finance 49

PYMNTS

JUNE 21, 2018

But a company’s interest and efforts to adopt new technologies does not always mean that all B2B payment processes are improved. Instead, new research suggests that the enterprise is embracing some tools and tech (but not all), and applying them to some aspects of B2B payments (but not all).

Accounts Payable 44

Accounts Payable B2B Invoicing Prioritization 44

PYMNTS

AUGUST 2, 2018

Payment is done, B2B, with literally a flick of the wrist. Shifting the B2B Mindset Beyond the Fallacies. In the latest in a continuing series of discussions on the ways “how” can shift to “when” and “who” and “why” in banking, iGTB ’s EVP Barry Rhodes told Karen Webster that fallacies abound when it comes to B2B payments.

B2B 40

B2B Banking Cash Management Invoicing 40

PYMNTS

JANUARY 14, 2020

This complicated process can involve everything from accounting and invoicing software to bank accounts. For this month’s feature story, Haider explained how a robust API strategy can help banks support smoother, speedier and more convenient payment and cash management experiences for their business clients.

Cash Management 52

Cash Management Invoicing Accounting Leverage 52