PYMNTS

OCTOBER 28, 2020

Today in B2B payments, accounts payable automation firm CPS finds a buyer. OpenEnvoy Launches To Provide B2B Invoice Auditing. To help businesses only pay for what they have agreed to buy, OpenEnvoy has been established to offer invoice auditing without intervention. OpenPayd Debuts Access To Quick Foreign Exchange Payments.

B2B 56

B2B Foreign Exchange Accounts Payable Invoicing 56

PYMNTS

NOVEMBER 17, 2020

Cambridge Global Payments , a FLEETCOR firm, and Beanworks Solutions are continuing their collaboration to bring together solutions and offer a full accounts payable (AP) offering to clients, which can streamline their payable workflow spanning between buying and payment for firms that have international business, according to a Tuesday (Nov.

Accounts Payable 84

Accounts Payable Foreign Exchange B2B Invoicing 84

PYMNTS

MARCH 16, 2020

Buyers will be able to pay suppliers in their own countries’ currencies with ease, according to the release. In addition, the deal will allow better reconciliation of payments with the matching invoices. It will also allow real-time payment tracking along with less inquiries about payment-related issues for suppliers.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

JUNE 11, 2020

To help middle-market firms automate each of their accounts payable (AP) procedures on one platform, MineralTree has unveiled “end-to-end” multi-currency functions. Multi-currency payments from the company’s systems are automated through the connection with the international payments system of TransferMate.

Foreign Exchange 52

Foreign Exchange Accounts Payable Invoicing Currencies 52

PYMNTS

DECEMBER 11, 2019

Yet, as innovators have chip away at friction points, they have recognized the value of incorporating a supplier’s accounts receivable (AR) experience into their solutions. That’s because AR and accounts payable (AP) processes are intrinsically connected. Foreign exchange (FX) is undoubtedly one of the biggest hurdles.

B2B 53

B2B Accounts Payable Invoicing Currencies 53

Creative CFP

OCTOBER 2, 2020

A couple of years into my career as a chartered accountant I started to wonder if I was still enjoying working in the finance industry. I was so consumed with day-to-day accounting tasks that I did not have time to monitor the financial health of businesses I was taking care of, or to provide valuable feedback to business owners.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52

PYMNTS

DECEMBER 4, 2019

This week, the firm announced a collaboration with Ebury to integrate foreign exchange (FX) and cross-border payment services into its product suite. Some businesses just accept forward currency exchange risk without knowing that it could be covered at low cost,” he said. The Right Service Combination.

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

PYMNTS

FEBRUARY 5, 2020

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

OCTOBER 26, 2018

raised venture capital for their SMB-facing tools, including global payments, accounting and banking. Targeting China’s SMB community, XTransfer provides cross-border payments, collection and foreign exchange solutions, with its eye fixed on exporters. Businesses across Asia, South Africa, the U.K. GreenSlate.

Foreign Exchange 77

Foreign Exchange B2B Invoicing Startups 77

PYMNTS

MARCH 5, 2019

CurrencyVue offers a foreign exchange risk management platform that integrates with companies’ existing ERP and accounting systems. The deal followed WorldFirst’s rollout of small business multi-currency accounts in China, announced last November via its local brand. and the U.K.

B2B 43

B2B Foreign Exchange Risk Management Invoicing 43

PYMNTS

JUNE 28, 2019

Under the SWIFT pilot, the participating banks — Banque Internationale á Luxembourg, BBVA, Deutsche Bank, Natixis, Santander, Sberbank and UniCredit — will be able to transmit cross-border payments in real time, as well as use TIPS to settle them and provide instant crediting to recipients’ bank accounts. The platform will support the U.S.

Foreign Exchange 44

Foreign Exchange B2B Nonprofit Invoicing 44

PYMNTS

MARCH 30, 2017

Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas.”. Last year Western Union Business Solutions released new services for small businesses looking to hedge and mitigate against foreign exchange volatility. small businesses.

Foreign Exchange 43

Foreign Exchange Prioritization Currencies Treasury 43

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. For instance, its LaaS platform lets businesses provide invoice or payroll financing to their customers.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 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.

B2B 62

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

PYMNTS

NOVEMBER 7, 2019

. “The bar these days is to have a full complement of local payment methods, and the relevant currency in each market,” he told PYMNTS of the challenge in cross-border recurring payments. An announcement on Wednesday (Nov. are often a preferred payment tool for both sender and receiver.

B2B 40

B2B B2C Foreign Exchange Invoicing 40

PYMNTS

JUNE 21, 2018

Do you know you could send a foreign exchange ACH payment instead? For instance, while a checking customer typically has a handful of accounts, a company could have 10,000 accounts in dozens of currencies around the world, and each individual corporate user typically has permission to see only certain accounts,” CNBC noted.

Treasury 44

Treasury Foreign Exchange B2B Invoicing 44

PYMNTS

MAY 5, 2016

CSI will lend its digital accounts payable solutions, while Cambridge will add in its payments technology, generating a Web portal to issue and settle cross-border payments. The solution supports payments sent via ACH, wire transfer, check or virtual card, the companies said, and can function across more than 140 currencies.

Foreign Exchange 40

Foreign Exchange Accounts Payable B2B Invoicing 40

PYMNTS

MARCH 16, 2016

Foreign currency payments firm Midpoint got a bit closer to its small business accounting partner, Xero, this month when it revealed that not only had they extended their collaborative ties but that Midpoint would also be adding a “Pay Now” button to invoices sent through Xero. Collaboration.

Foreign Exchange 42

Foreign Exchange Banking Invoicing B2B 42

PYMNTS

JUNE 21, 2019

Many freelancers live in different countries than their ad hoc employers, making currency exchange rates and payment tracking significant concerns. Toptal provides gig workers with invoicing services and payment options, including to transfer funds into bank accounts through a partnership with cross-border payments company Payoneer.

Foreign Exchange 43

Foreign Exchange Currencies Invoicing Leverage 43

PYMNTS

JULY 26, 2016

Invoice mistakes are costly. For many organizations, errors across the accounts payable and accounts receivable processes can range from mismatched data between invoice and purchase order to misstated prices, often attributed to manual data entry. and Switzerland). There has to be complicity on both sides.

Foreign Exchange 44

Foreign Exchange Invoicing Accounts Payable Accounting 44

PYMNTS

APRIL 18, 2016

” There are the obvious sources of information being handled by cross-border business partners, he noted, like invoices and purchase orders. But corporations must also handle data and documents that exchange more hands than they would in a domestic transaction, the executive explained. Payments And Data Become One.

Foreign Exchange 40

Foreign Exchange Invoicing B2B Accounts Payable 40

PYMNTS

JULY 26, 2019

There is also the issue of corporates delaying their payment terms to vendors and paying invoices late beyond agreed-upon terms. Kissler noted that CaixaBank also had to make decisions about which foreign currencies to prioritize and retrain staff in both its middle and back offices as part of a diligent transformation.

Foreign Exchange 64

Foreign Exchange B2B Prioritization Banking 64

PYMNTS

JULY 8, 2016

With $3 million in new venture capital, Australia-based Airwallex is helping businesses pay and issue cross-border invoices in the currency of their choice. “It can take days for the money to reach its destination, and the transfer and foreign exchange fees are excessive and often prohibitive to SMEs.”

B2B 40

B2B Startups Foreign Exchange Invoicing 40

Future CFO

JANUARY 21, 2021

One immediate challenge that the Treasury department faced was foreign exchange (FX) exposure. Steven Ho, finance director at TVS Asianics, noted that his business does a “fair bit of transactions in foreign currencies.” Co-hosed by Kyriba, the lively discussion highlighted a general shift toward the digital Treasury.

Treasury 52

Treasury Foreign Exchange CFO Currencies 52

PYMNTS

NOVEMBER 2, 2018

Ersek explained that Western Union is leveraging its money movement platform to handle the complex foreign exchange and settlement process that gives Amazon the ability to tap into consumer markets in the 200 countries that Western Union serves. The percentage of invoices that are past due now stands at 41.8

B2B 49

B2B Foreign Exchange eCommerce Currencies 49

PYMNTS

OCTOBER 7, 2016

million in a pre-Series A round, the largest amount raised for a digital currency company in India. test BTC sale of a picture of two cats sitting in front of a sunset composed of ASCII characters, an invoice for bitcoin and payment routing through multiple nodes. Some investors are convinced of the potential of bitcoin in India.

Currencies 99

Currencies Foreign Exchange eCommerce Banking 99

PYMNTS

JULY 18, 2016

At the same time, WU Business Solutions said the firm will introduce a new feature for EDGE that enables cross-border payments without fees, expanding it to 51 currencies across 13 countries. The firm added that it enables businesses to unify their accounts payable, accounts receivable, invoice processing and other B2B finance processes.

Accounts Payable 40

Accounts Payable Currencies B2B Invoicing 40

PYMNTS

JULY 9, 2019

This lack of insight into intercompany accounts can result in misstated financials, fraud and, overall, a lack of understanding into cash positions and allocations. The tool lets treasurers keep a single account for each currency, for example, or to group accounts based on product line or legal entity.

Foreign Exchange 60

Foreign Exchange Banking Currencies Reconciliations 60

PYMNTS

DECEMBER 17, 2019

For AccountsIQ, the latest embrace of open banking comes in the form of a collaboration with TransferMate , which has now integrated cross-border payments capabilities directly within AccountsIQ’s accounts payable portal. “In the middle market, businesses are becoming more international,” he said.

Marketing 52

Marketing Accounts Payable Foreign Exchange Invoicing 52

PYMNTS

APRIL 11, 2017

are issued a warning about foreign exchange rates. Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas,” Anderson continued, adding that some services, like those offered by Money Mover, allow a small business to lock in an FX rate to ease the impacts of rate fluctuations.

Foreign Exchange 43

Foreign Exchange Economics Treasury Education 43

PYMNTS

MARCH 1, 2018

Of course, language and currency can be a struggle. Mac acknowledged a “learning curve” when entering into such an ecosystem of differing rules, language barriers and foreign exchange demands — the latter of which can also significantly complicate the expense management process.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40

PYMNTS

NOVEMBER 19, 2018

Even for companies in markets with robust correspondent banking operations, high and hidden bank fees , foreign exchange volatility, and a lack of speed and visibility into the status of a transaction have all opened up opportunities for FinTechs in the cross-border business payments market to address these points of friction.

Foreign Exchange 74

Foreign Exchange Currencies Banking Invoicing 74