PYMNTS

APRIL 14, 2020

The digital transformation of corporate treasury is not a destination; it’s a journey. It stands to reason that firms that have been around for decades, with far-flung operations and payments done across multiple currencies, have a range of legacy systems in place with less-than-efficient processes entrenched in back-office functions.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

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

PYMNTS

SEPTEMBER 4, 2018

One of the areas ready for real-time disruption is foreign exchange (FX) management, which is “the road to real-time treasury,” according to the report. Real-time payment capabilities enable businesses to take advantage of faster currency conversions and real-time FX rate management.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

OCTOBER 8, 2019

“The world is moving toward better technology, simpler design and instant access to data and automated analytics,” said Mark Smith, Citi Global head of liquidity management services, treasury and trade solutions. “We Cachematrix is excited to power Citi’s Online Investments portal with our best-in-class financial technology.

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

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

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

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

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

Future CFO

AUGUST 24, 2020

Further uncertainty comes from capital markets, for example, currency exchange rates, interest rates and commodity prices; impacting near term liquidity situation. On one hand, there’s an expectation to streamline accounting processes, delivering efficiency, insight and trust.

SAP 40

SAP Treasury CFO Credit Risk 40

Strategic Treasurer

JANUARY 3, 2022

Host Craig Jeffery kicks off the 2022 Outlook series with a conversation with Jon Paquette, Senior Financial Solutions Expert at TIS (Treasury Intelligence Solutions), on the outlook of payments. They discuss technology developments that will likely have the biggest impact on treasury in 2022. Host: Craig Jeffery, Strategic Treasurer.

Treasury 52

Treasury Cash Flow Forecasting Forecasting Banking 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

Future CFO

JANUARY 21, 2021

As liquidity became a significant concern for organizations, the Treasury Department was asked to monitor inflows and outflows more closely. Co-hosed by Kyriba, the lively discussion highlighted a general shift toward the digital Treasury. One immediate challenge that the Treasury department faced was foreign exchange (FX) exposure.

Treasury 52

Treasury Foreign Exchange CFO Currencies 52

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

CFO Leadership

MARCH 31, 2022

Five steps to improve global cash visibility. Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. They struggle to keep an overview on their cash and risk positions. In the dark about global cash?

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

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

PYMNTS

JANUARY 22, 2021

While the corporate treasurer's fundamental role has remained steady, the treasury function has seen dramatic impacts from a changing market that is increasingly moving toward real time. Some key tools that emerged as most beneficial to treasurers included physical cash concentration, notional pooling and virtual account solutions.

Treasury 103

Treasury Concentration Currencies Banking 103

PYMNTS

JULY 9, 2019

HSBC is introducing virtual accounts for corporate and institutional clients, the financial institution said in a press release sent to PYMNTS on Monday (July 8). The bank announced that its Next Generation Virtual Accounts are now available to wholesale clients to support cash and multi-currency management.

Accounting 54

Accounting Banking Cash Management Treasury 54

PYMNTS

MARCH 16, 2016

In a first for the Bank of China, the financial institution has linked up with its first foreign bank for interbank cash management of a corporate client. The two launched their co-hosted platform in January of this year to provide a centralized treasury management service for Bosch.

Cash Management 40

Cash Management Banking Treasury Corporate Finance 40

PYMNTS

MARCH 4, 2020

trillion global tourism industry, and Facebook is reportedly considering revising the structure of its proposed Libra currency. Wells Fargo To Offer Bank Accounts With Capped Overdraft Fees. Wells Fargo debuted two new bank accounts that set limits on the amount of fees that can be charged to customers. Libra is stumbling.

Currencies 52

Currencies Treasury Cash Management B2B 52

PYMNTS

NOVEMBER 14, 2018

Corporate finance executives seem to be readying for real-time payments, preparing to adopt faster payment capabilities and bracing for changes to their cash flow management strategies as a result. A new report from Deutsche Bank said this industry path is guiding banks and corporates to a new destination: real-time treasury.

Banking 78

Banking Treasury Forecasting Corporate Finance 78

Planful

JANUARY 3, 2017

Accounts payable. Accounts receivable and collections management. Fixed asset management. Treasury and cash management. General ledger accounting. In most organizations, the accounting/ERP system comes first. Here are some of the key processes supported by an ERP system: Purchasing.

General Ledger 40

General Ledger Budgeting Forecasting Cash Flow Forecasting 40

PYMNTS

FEBRUARY 29, 2016

In this week’s Data Digest, we take a trip around the world to uncover the evolving habits of business payments and cash management. Hitting the milestone, Citi’s Treasury and Trade Solutions said, means businesses’ banking needs are evolving. The tablet version of the corporate banking tool was launched soon thereafter.

Banking 40

Banking Valuation Treasury Cash Management 40

PYMNTS

MARCH 10, 2016

Nearly three-quarters of the companies surveyed by iGTB said that they experience a lack of integration of their treasury management or ERP systems with the banking solutions offered by their banks — a statistic Cantor deemed “outrageous.”. They’re not unsophisticated.” No “Human Touch” Necessary . Cantor added.

Banking 41

Banking Concentration Treasury Cash Management 41