PYMNTS

MAY 9, 2019

So it is with accounts payable (AP), as Chen Amit, CEO of Tipalti , told PYMNTS in a recent interview. Accounts payable is the ‘lost child’ hidden in business workflows,” said the executive. “I Of accounts payable in general, he said, “it’s a cumbersome process. Cash management becomes less art than science.

Accounts Payable 70

Accounts Payable Accounting Finance Cash Management 70

PYMNTS

JULY 25, 2018

The company announced Tuesday (July 24) that its Oracle Banking Virtual Account Management solution is now available to corporate banks. The solution aims to simplify banking for businesses with multiple bank accounts in multiple currencies.

Accounting 40

Accounting Banking Cash Management Currencies 40

PYMNTS

DECEMBER 7, 2020

It has also begun work in stock trading and cash management accounts. Office of the Comptroller of the Currency for its application for a national bank charter. In May, Noto said SoFi's investor accounts had doubled in large part due to fractional shares, even in spite of how volatile the markets have been.

Startups 107

Startups Cash Management Finance Currencies 107

PYMNTS

MARCH 26, 2019

For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange. A recent controversy at American Express highlighted that risk for SMBs.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

JANUARY 8, 2021

Automation’s long march to the present day finds automation grinding out new solutions to cash management issues during a topsy-turvy economic time. Cash Management Moving in Virtual Directions. Back in 1785, a fellow by the name of Evans invented the first fully automated industrial process — a water-powered flour mill.

B2B 61

B2B Accounts Payable Invoicing Cash Management 61

PYMNTS

DECEMBER 7, 2020

What's more, third-party platforms force sellers to wait to access their revenues, making cash management an even more arduous process. On top of capital constraints they need to deal with, they also need to deal with complicated tax schemes and exposure to different currencies.". The company now operates in the U.K.,

eCommerce 142

eCommerce Finance B2C B2B 142

PYMNTS

NOVEMBER 16, 2018

RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. Automation Anywhere.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

Simply Treasury

JUNE 3, 2021

Here again, it seems to us that the need to dematerialize, digitize and automate is logical to make companies more resilient and efficient in their financial management. Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

Spreadym

APRIL 27, 2023

Features of budgeting and forecasting software help users plan the future cash flow. Cash flow management: Software tools for cash management can help business manage the performance of cash flow by providing detailed cash flow statements and projections.

Financial Analysis 52

Financial Analysis Tax Planning Budgeting Forecasting 52

PYMNTS

MARCH 6, 2020

UK Moves Closer to Big Four Accountancy Breakup. The British audit regulator, the Financial Reporting Council (FRC), announced plans this week to break up the dominance of the largest four accounting firms: PwC, EY, Deloitte and KPMG. Libra’s Stumbles, Coronavirus Gains Show Pitfalls of a ‘Global’ Currency.

Treasury 52

Treasury Auditing eCommerce Cash Management 52

PYMNTS

MAY 29, 2019

This year it applied for a national bank charter from the Office of the Comptroller of the Currency. Robinhood was forced to retreat from offering a bank account after announcing in late 2018 a checking and savings product with 3 percent interest. Racusin was eventually named the president and CEO of the potential bank.

Valuation 63

Valuation Cash Management Currencies Banking 63

CFO Simplified

OCTOBER 10, 2023

Cash moves nearly instantaneously from one account to another. Think in terms of Treasury Management. How the bank can handle and manage the money that moves through your accounts. For example, your need for a line of credit to help fund your growth, or for different cash management services.

Banking 52

Banking Cash Flow Forecasting Forecasting Treasury 52

PYMNTS

JANUARY 27, 2020

According to the patent documentation, the tech will make it possible for a consumer to make a payment in any currency while allowing the receiver of the payment to choose what currency they would like to get it in. The network will automatically change the payment over to the desired final currency.

Currencies 52

Currencies Valuation Cash Management Securities 52

PYMNTS

MAY 6, 2019

Employees have no issues when tips are paid in cash, but when patrons choose to pay their bills with credit or debit cards, managers must often run to ATMs at the end of the night so servers can leave with the funds they’re owed. . Cash’s Double-Edged Sword . The reality is cash is not going away anytime soon,” Hassan said. “As

Currencies 40

Currencies Cash Management Accounting Sales 40

PYMNTS

OCTOBER 8, 2019

“We have redesigned the end-to-end MMF user experience in our Citibank Online Investment portal to ensure that we are providing our clients with more data-rich fund research and analytics tools; new choices for automated sweep rebalancing; a simplified account structure; and enhanced usability with increased customization options.”.

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

PYMNTS

JULY 10, 2019

Lisa Lansdowne-Higgins, vice president of business deposits and treasury solutions at the Royal Bank of Canada (RBC), recently told PYMNTS that these three disruptors have a significant opportunity to shake up accounts payable processes thanks to the impact they have on data. Open Banking.

B2B 62

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

PYMNTS

SEPTEMBER 4, 2018

Real-time payment capabilities enable businesses to take advantage of faster currency conversions and real-time FX rate management. Citing data from Euromoney , Deutsche Bank noted that about two-thirds of executives report being interested in adopting automated, 24/7 currency conversions based on real-time FX rates.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

MAY 19, 2017

Cash Management. While Telr, based in Singapore and India, provides front-office B2C payment solutions to its business customers, the company has also grown a presence in the back-office, with cash management and logistics solutions linked into its overall offering. B2B Marketing. secured $10.3

B2B 61

B2B Investments B2C Cash Management 61

PYMNTS

SEPTEMBER 19, 2019

As a result, treasurers must grapple with the notion (and the needs) of cash crossing accounts many times a day. Cash management becomes a continuous process, throughout the business day. Knowing where and how much cash there is across various legal entities, countries and currencies is crucial.

Treasury 46

Treasury Cash Management Foreign Exchange Budgeting 46

Strategic Treasurer

MARCH 6, 2023

The chapter of discussion “Cash Bootcamp for Treasurers” provides a practical approach to understanding different perspectives of cash, how accounting and treasury can live in harmony and more. What are some of the different ways we look at it in finance, accounting as a view of it? Does it mean currency?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Treasury GAAP 52

Future CFO

DECEMBER 11, 2023

Real-time payments also mean account balances stay up-to-date. UnionBank has introduced digital account opening , expanding its reach to people as they no longer need to go to physical branches to open an account. In Asia, real-time payments are now available in Australia, Hong Kong, Japan, Singapore and Thailand.

Banking 98

Banking Finance CFO Leverage 98

PYMNTS

MAY 12, 2020

The bank is providing cash-management services for the exchanges’ U.S. JPMorgan, of course, also said last year that it would look to issue its own digital currency, the JPM Coin. dollar, with explicit backing of the dollar that would be held in accounts at JPMorgan. (Coinbase is the largest U.S. bitcoin exchange.).

Cash Management 60

Cash Management Currencies Securities Banking 60

PYMNTS

NOVEMBER 8, 2018

It provides cash management products such as a multi-currency wallet, virtual accounts and cross-border payments, among others. And, in Indonesia, Wallex Technologies has officially rolled out amid licensure from Monetary Authority of Singapore (MAS) and Bank Indonesia, e27 reported.

Banking 51

Banking Transportation Cash Management Currencies 51

PYMNTS

OCTOBER 11, 2017

Business executives, entrepreneurs and other managers who must frequently travel recently gained a new tool to help manage finances from outside the confines of the office. The service also offers executives, business owners and managers the ability to track travel-related expenses.

B2B 71

B2B Cash Management Invoicing Currencies 71

PYMNTS

MARCH 2, 2016

To achieve this, Ripple is placing its bets on XRP, a digital currency that the firm argues will be instrumental as a bridge asset to facilitate interbank transactions. While this can be a solution to some of the costs associated with cross-border payments, Ripple noted that many FIs cannot afford to maintain these accounts.

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

PYMNTS

JUNE 20, 2016

But market conditions have also made it more difficult than ever to understand how much money a firm has, where it is, who it’s going to and what form of currency it’s in. This week’s B2B Data Digest focuses on the flux and flow of managing cash. 3 billion has been at risk to cyberthieves from U.S.

Accounts Payable 41

Accounts Payable Currencies Invoicing Profit and Loss 41

PYMNTS

APRIL 14, 2020

In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cash management can find application programming interfaces (APIs) to be a useful (and even critical) tool. Age And Complexity.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

DECEMBER 24, 2018

Against that backdrop, and when it comes to payments, currencies can be volatile, too. We’ve been here before, it seems, with the currency and emerging market crises of the 1990s, and with the fledgling trade wars and political shifts of the early 21st century. Not bad, but there is room for improvement. Frankly, it’s hasn’t.”.

Numbers 65

Numbers B2B Currencies Accounts Payable 65

PYMNTS

JUNE 21, 2018

The stats indicate key areas in which professionals say they are increasing awareness and use of digital solutions to make accounts payable and accounts receivable processes faster, more streamlined and more secure. Yet the report also highlighted a few areas that suggest not much has changed in the way of reducing paper.

Accounts Payable 44

Accounts Payable B2B Invoicing Prioritization 44

PYMNTS

JUNE 12, 2017

Globalization brings new opportunities for businesses but gives rise to new complexities, including cross-border payments, compliance, risk mitigation and accounting. That means initiating payments in multiple currencies with multiple partners. “As Cooperation and collaboration will be critical to making this happen.

Banking 60

Banking B2B Currencies Cash Management 60

PYMNTS

APRIL 1, 2016

Electronic payments and FinTech can help businesses across the board improve time and cash management, but each industry is different in the types of solutions they need and the progress with which they adopt more sophisticated tools.

B2B 40

B2B Accounts Payable Cash Management CFO 40

Future CFO

SEPTEMBER 1, 2019

Libor is the rate at which banks can borrow from each other, for up to a year, in dollars and other currencies including sterling, Swiss francs, yen and euro. The discontinuation of Libor also impacts organizations when it comes to accounting as they buy Libor-based contracts to hedge against unexpected moves in interest rates.

Benchmarking 40

Benchmarking Accounting Standards Currencies Accounting 40

PYMNTS

APRIL 18, 2016

“From a cost standpoint, there is significantly more friction doing business cross-border than there is domestically,” he stated, “from the coordination between buyer and seller, accounts payable and accounts receivable processes and being able to coordinate information flow with money flow.”. Payments And Data Become One.

Foreign Exchange 40

Foreign Exchange Invoicing B2B Accounts Payable 40

PYMNTS

AUGUST 18, 2017

The AP Hub’s multi-entity offering splits headquarters and individual sub-entities’ preferences, allowing for the team at HQ to control the finance side and sub-entities to determine brand preferences, including the types of currencies used and workflow capabilities. and overseas.”.

Accounts Payable 46

Accounts Payable Invoicing Compliance Auditing 46

Future CFO

AUGUST 24, 2020

Problem statements revolve around credit risk volatility, cash shortages, merging liquidity constraints as well as the absence of a proper hedging strategy. . Further uncertainty comes from capital markets, for example, currency exchange rates, interest rates and commodity prices; impacting near term liquidity situation.

SAP 40

SAP Treasury CFO Credit Risk 40

PYMNTS

AUGUST 30, 2018

Hill Country, as of the middle of this month, stopped taking cash. Managing cash and handling cash is time-consuming and cumbersome. While cash accounts for a small minority of our transactions, there are often large amounts of cash in the restaurant due to the volume of business at Hill Country.

Cash Management 40

Cash Management Securities Currencies Accounting 40

Future CFO

SEPTEMBER 23, 2019

SWIFT claimed that it took 41 seconds to sent a payment from Singapore, clear via Germany and credit to the end beneficiary account. According to cooperative’s website, more than 200 countries and territories as well as more than 11,000 institutions are connected to network.

Foreign Exchange 40

Foreign Exchange Currencies Banking Technology 40