Global Finance

JULY 26, 2024

“In the fast-paced business environment of today, corporate banking clients need payment solutions that are fast, efficient, reliable and secure,” says Kent Marais, head of Payments and Cash Management, Transaction Banking. This includes incoming payments, cash deposits, and cleared checks against their accounts.

Cash Management 52

Cash Management Treasury Reconciliations Currencies 52

Global Finance

JULY 26, 2024

BofA invests heavily in technology, offering online banking platforms, mobile applications, and application programming interfaces (APIs), for seamless cash management and integration with corporate treasury systems. Citi is a double winner, as Best Bank for Cash Management and for Best Corporate Cross-Border Payments Solution.

Cash Management 52

Cash Management Treasury Restructuring Reconciliations 52

Bramasol

JUNE 25, 2024

However, amidst the ever-expanding role of the Office of the CFO, accounting still is a major responsibility and this arena also is radically changing with the availability of new tools, technologies and challenges. These capabilities address key operational accounting issues as companies transform their business offerings.

Compliance 63

Compliance Accounting Financial Planning and Analysis (FP&A) SAP 63

PYMNTS

DECEMBER 2, 2020

Sage Teams With Satago To Help SMBs Manage Cash Flow. Sage has unveiled a new partnership with Satago , a cash management and finance program for small firms and accounting professionals, according to an announcement. Alternative Lender eCapital Buys UK-Based Advantedge Commercial.

Cash Management 57

Cash Management B2B Foreign Exchange Banking 57

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. Reconciliation Challenges. 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

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

It’s not that automating invoice generation, banishing checks, automating the cash application process and systematically removing all the manual touches from accounts payable (AP) and accounts receivable (AR) workflows weren’t unknown concepts among chief financial officers (CFOs) and treasury departments at the time.

B2B 94

B2B Accounts Payable Treasury Cash Management 94

PYMNTS

MARCH 2, 2020

As innovators drive forward, however, they can sometimes forget who’s really at the user-end of their technologies designed to combat business payments pain: the accountant. In the current fast-moving climate, accountants have struggled with the manual processes involved with managing their business client’s funds,” he told PYMNTS. “In

Accounting 56

Accounting Reconciliations Profit and Loss B2B 56

CFO Thought Leader

JANUARY 29, 2025

Collis career began in accounting, where he spent seven years honing technical expertise in public accounting. The first is our accounts payable automation solution. However, he recognized early on that his ambitions extended beyond the technical realm. We offer two core products.

CFO 52

CFO Accounts Payable Invoicing Reconciliations 52

Global Finance

SEPTEMBER 9, 2024

And while the latest tools of the trade—artificial intelligence (AI) and machine learning (ML)—promise to make tasks such as liquidity forecasting, cash management, and risk management easier, they come with their own complications and tie the treasury team even more closely into management’s strategic planning.

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

PYMNTS

MARCH 16, 2018

Australia’s Institute of Public Accountants (IPA) is urging its members to “future-proof” their businesses as the industry heads toward disruption. Further, industry trends have led the traditional accountant model to become “obsolete,” reports said, meaning accountants have to embrace the more strategic role of advisor. “By

Accounting 53

Accounting Accounts Payable Reconciliations Leadership 53

CFO Simplified

NOVEMBER 21, 2022

So why not set up a petty cash account with a small amount of money that can be used for things like running to the hardware store or office supply store? The important thing is to keep track of all the expenses associated with the account. What is Petty Cash? – and that all expenses are accounted for.

General Ledger 98

General Ledger Reconciliations CFO Accounting 98

PYMNTS

MARCH 18, 2020

With so many processes still based on paper, accounts receivable (AR) departments within organizations that are less advanced in their digitization journeys are facing added friction as workers are sent home. Lockbox Data Headaches. The B2B arena certainly continues to see a high prevalence of paper checks in the U.S.

Reconciliations 80

Reconciliations Invoicing Communication B2B 80

PYMNTS

OCTOBER 19, 2016

Those CFO-facing channels, he added, are the accounting and ERP systems that contain data of actual transactions; matching them with what treasurers anticipate within their forecasting systems is tricky. “Your cash forecasting is really accurate — it will be almost 100 percent accurate — and that’s the future.”

Forecasting 77

Forecasting Cash Flow Forecasting Reconciliations Invoicing 77

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. Bank-FinTech Collaboration.

B2B 62

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

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). “On the buyer side, utilizing cards and shifting away from checks, wire and ACH provides a new credit instrument.”

Economics 104

Economics Accounts Payable B2B Reconciliations 104

PYMNTS

AUGUST 6, 2018

Two accounts receivable companies, REPAY Realtime Electronic Payments and InterProse, are integrating their perspective technologies to enhance accounts receivable (AR) services for joint customers. Last year, REPAY enhanced its accounts receivable offering through the acquisition of PaidSuite, another payments player in AR management.

Accounting 40

Accounting Reconciliations Invoicing Cash Management 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 a new report from Corcentric , written by the Institute of Finance & Management (IOFM), details the hurdles on the other side of the payment.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

Future CFO

APRIL 7, 2022

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. banking fees). banking fees).

Finance 98

Finance SAP Cash Management Invoicing 98

PYMNTS

NOVEMBER 7, 2017

Citi’s Treasury and Trade Solutions is bringing its accounts receivable (AR) Payer ID solution to more markets around the globe. The accounts receivable solution enables companies to gain visibility into incoming payments for greater working capital management, Citi explained.

Reconciliations 48

Reconciliations Treasury B2B Cash Management 48

PYMNTS

JUNE 9, 2017

That’s especially true in corporate accounting, says Beanworks CEO Catherine Dahl. It’s an interesting time in accounting, and there’s a huge change coming,” she recently told PYMNTS, adding that digitization will become the norm, empowering humans to take on more strategic tasks while technology handles the repetitive stuff.

Accounting 43

Accounting Technology Accounts Payable Invoicing 43

PYMNTS

OCTOBER 17, 2017

17), Visa said it is tackling that issue through a new partnership with accounts receivable (AR) and cash management company Billtrust. When it comes to growth of virtual corporate card payments, we have seen and built a lot of momentum on the accounts payable side,” Hall said. “We In an announcement on Tuesday (Oct.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

NOVEMBER 26, 2020

These longstanding frustrations have recently become more concerning for both parties, however, as the COVID-19 pandemic has made paycheck speed more essential for businesses’ cash flow reconciliation and employees’ bill-paying needs. Meeting accelerating expectations in real time . What is the difference?

Cash Management 75

Cash Management Reconciliations Economics Budgeting 75

Simply Treasury

JUNE 3, 2021

Then come the multiple banking relationships, the too large number of bank accounts, the lack of sufficient resources (a recurring problem - but one that drives automation), the lack of support from subsidiaries, the lack of budget (classic in times of crisis).

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

JANUARY 26, 2017

“Processing corporate payments as peer-to-peer, directly on blockchains, gives for instant settlement and, therefore, real-time reconciliation and accounting,” the company said. Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too.

SAP 57

SAP Invoicing B2B Reconciliations 57

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. Within that ambition, he said, “the only way to create real-time cash management or trading is to allow all parties to see the same pool of validated data.”.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

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 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

CFO Leadership

MARCH 31, 2022

They struggle to keep an overview on their cash and risk positions. A professional cash management solution can help to overcome these challenges. In the dark about global cash? Using simple tools, such as spreadsheets , or disparate solutions to manage complex operations leads to inefficiencies and errors.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

SEPTEMBER 17, 2019

SMBs using the WePay platform can now see funds deposited into their Chase bank accounts the same day without extra fees, a feature resulting from JPMorgan ’s acquisition of WePay in late-2017. JPMorgan Chase announced a collaboration with WePay last week to enable faster deposits for small business joint customers.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

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

AUGUST 25, 2016

ING Wholesale Banking has announced a new solution aimed at corporate treasurers in need of managing cash across borders. Dubbed Virtual Cash Management (VCM), the solution, announced on Wednesday (Aug. Virtual bank accounts provide a streamlined way to manage treasury, the company added, through a single digital portal.

Treasury 40

Treasury Concentration Cash Management Reconciliations 40

Global Finance

MAY 1, 2025

EIBs corporate banking division provides a full-fledged value proposition consisting of working capital finance, trade finance, project finance, syndicate and structured finance, and cash management services, to large and midsize corporates, financial institutions, sovereigns, and government-related entities.

Finance 83

Finance Banking Retail Investments 83

Future CFO

JULY 19, 2021

But the challenges we have faced in the past 12-18 months have received great focus and highlighted the need for good accounts receivable and credit management now. CFOs are reconsidering the cash management process. Intelligent automation of cash application. Intelligent automation of cash application.

Cash Management 52

Cash Management Reconciliations Treasury Sales 52

PYMNTS

OCTOBER 22, 2019

Santander said the tool automates payment processing both locally and abroad to support straight through processing, while also connecting corporates to cash flow visibility via its information center, portal and mobile app.

Treasury 40

Treasury Reconciliations Cash Management Banking 40

PYMNTS

MARCH 23, 2017

Receivable Savvy, an accounts receivable and order-to-cash management firm, wants suppliers to see Same Day ACH as an opportunity to bolster cash flow. Its 2017 Perceptions Study found that 80 percent of B2B supplies said their number one issue in accounts receivable is to receive payment faster.

B2B 54

B2B Invoicing Reconciliations Cash Management 54

PYMNTS

NOVEMBER 22, 2016

Researchers forecast mobile payments to account for $1 trillion in transactions next year. ” The Asia-Pacific region has also witnessed a migration away from cash, but it’s not just happening among consumers. The accounts receivable tool targets some of what Koh described as the deepest pain points in B2B payments today.

B2B 65

B2B B2C Vendor Management Reconciliations 65