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Virtual Account Based Solutions (VABS) | BNY In January, BNY launched VABS, a cashmanagement solution that promises to provide clients with improved control and access to cash administration activities and reporting capabilities. The post The Innovators 2025: North America appeared first on Global Finance Magazine.
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In this webinar, Strategic Treasurer and Zeconomy will explore how corporates are using blockchain rails and digital commercial paper to unlock faster payments, reduce FX costs, and increase control—all with enterprise-grade compliance and auditability.
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There are several reasons for this, analysts say, but regardless, there is a clear need for tight cashmanagement in the construction sector. “Construction accounting is a little more complex,” he recently told PYMNTS. “Because of that complexity, taxes are more complex – it’s a snowball effect.
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FAB wins two awards this year, as Best Bank for Transaction Banking and Best Bank for Long-Term Liquidity Management. The bank invested heavily in innovative cashmanagement and liquidity solutions to enhance the experience and treasury capabilities of the region’s corporations.
Expense management solutions ease groups’ compliance by streamlining expense categorization and providing greater data-based spending insights. must continually demonstrate accountability to continue serving their respective missions. million active nonprofits in the U.S.
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challenger bank Arro Money , which launched its small business bank account service last December, has debuted its newest product designed for sole traders. In an announcement sent to PYMNTS on Wednesday (June 6), Arro Money said it has rolled out its account designed for entrepreneurs that operate independently.
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Treasury management system provider GTreasury announced it reached a deal to acquire risk management and compliance software company Visual Risk , reports in Mondo Visione said Tuesday (April 17). The companies will combine their risk analytics and hedge accounting software as well, they said. “As
Automate Finance Fundamentals Particularly as businesses grapple with the accountant shortage , automation is key to get the work done and, just as importantly, attract and retain talent. With much of the manual ticking and tying automated, accountants are free to focus on more strategic, value-add tasks. Here’s a sampling.
He comments that most accounting graduates have more exposure to Excel than finance-related software solutions through their college education), lethargy to pick up new technologies, and sometimes difficulty in getting approval for finance technology investment. Lee Chee Leong. banking fees).
Previously announced honors include Best Global Transaction Bank, Best Bank for Sustainable Finance, Best Islamic Financial Institution, Best Investment Bank, Best CashManagement Bank, Best Trade-Finance providers, Best Supply Chain Finance providers, Best Foreign Exchange Provider, Best Private Bank, and Best SME Bank.
According to Dion Global Solutions , which provides banks with software to maintain compliance with regulations like PSD2, FIs aren’t exactly ready for this next phase in payments speed. ” Plus, the path to compliance won’t end for banks once they integrate real-time payments capabilities into their offerings.
Part of the problem, says Pegasystems Senior Director of Risk, Compliance and Onboarding for Financial Services Reetu Khosla, is that KYC and other regulations change so frequently and are so numerous that it’s a major undertaking to remain compliant. ” Khosla said. On Tuesday (Sept.
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). “On the buyer side, utilizing cards and shifting away from checks, wire and ACH provides a new credit instrument.”
ctrl is a cloud-based platform providing accounting, payroll and analytics solutions for Canadian SMBs. Compliance and accounting are commonly viewed as obligations that businesses prefer to complete in the most efficient and smooth way possible,” said Deloitte private audit partner Mark Wayland in another statement. “By
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The solutions can integrate with data held by HSBC, with account information, payment initiation and funds confirmation the focus of the APIs. The developer sandbox also enables developers to access mock data from HSBC retail and corporate payment accounts in compliance with PSD2 , the company noted.
For example, at Bramasol we made a decision over a decade ago to focus on SAP finance solutions for the office of the CFO, with a specific emphasis on the new revenue recognition compliance requirements in ASC 606 and IFRS 15. For more on alternative approaches, read the next section.)
But no, control and compliance aren’t out of reach. DOWNLOAD NOW The post Cost and compliance. Yes, it’s always been a struggle. And yes, the struggle is currently more acute. Click on the link and download this e-book from SAP Concur to find out more. Two things you can still control appeared first on FutureCFO.
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