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

NOVEMBER 16, 2020

Currency Conversion Headache. One of the biggest challenges in cross-border trade for any kind of business relates to foreign exchange. A B2B invoice may be issued and paid in one currency, but the recipient of those funds has to convert that money into their local currency. Today, that's not always possible.

Foreign Exchange 56

Foreign Exchange Currencies Manufacturing B2B 56

PYMNTS

AUGUST 21, 2020

Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify. FXPress entered the market with a focus on cross-border payments and foreign exchange services. Beyond Payments Initiation. “But payments is just one side of the equation,” noted Conibear.

Finance 69

Finance Foreign Exchange Currencies Banking 69

PYMNTS

JULY 15, 2020

An alternative to this payment strategy is to open up a bank account in each market in which a business operates. “But for a company that’s just starting to sell internationally, the ease of opening up a foreign bank account is non-existent.” The Competitive Differentiator.

Foreign Exchange 67

Foreign Exchange Currencies Accounting Banking 67

PYMNTS

AUGUST 11, 2020

A woman in Australia will go to jail for the theft of more than 100,000 Ripple digital currency tokens over two years ago, ACS Information Age reported. The 25-year-old individual gained access to the digital currency account belonging to a man in his 50s. Will Smith and Jay Z, among other celebrities, back the company.

Foreign Exchange 74

Foreign Exchange Currencies Accounting Finance 74

PYMNTS

JUNE 17, 2019

Ripple is the company behind the XRP digital currency, The Wall Street Journal reported. MoneyGram has tapped into foreign exchange markets for settlements in the past. As a result, the company had to purchase currencies ahead of time regularly. firm that is publicly traded, Ripple Inc. per share.

Investments 84

Investments Foreign Exchange Planning Currencies 84

PYMNTS

MARCH 16, 2020

Buyers will be able to pay suppliers in their own countries’ currencies with ease, according to the release. There will be cost transparency on fees, and payment routing will be handled by Goldman Sachs’ advanced machine learning technology.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

MARCH 26, 2019

Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. This is especially true for SMEs who cannot run the risk of losing 30 percent of revenue on a currency depreciation.”. A recent controversy at American Express highlighted that risk for SMBs.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

JUNE 19, 2020

That’s not only because eCommerce opens up a potential buyer pool to customers outside of one’s home market, creating the need for companies to accept payment in different currencies. In Canada, paper checks account for a declining, but still significant, portion of B2B payments volume in the country, said Kumar.

Foreign Exchange 56

Foreign Exchange Currencies B2B Accounting 56

PYMNTS

SEPTEMBER 22, 2020

Enterprise resource planning (ERP) technology provider Acumatica is embracing bank connectivity with the launch of its newest offering, Acumatica Advanced Expense Management and Electronic Bank Feeds. ClearBank Dives Into Multicurrency Accounts Via API. Acumatica Links Its ERP Into Bank Data. In the U.K.,

Banking 110

Banking B2B Foreign Exchange Currencies 110

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

Simply Treasury

JUNE 3, 2021

It also aims at identifying challenges corporate treasurers of MNC’s are facing and technological innovations they intend to implement. Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets. Real-time treasury.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

OCTOBER 28, 2020

Today in B2B payments, accounts payable automation firm CPS finds a buyer. The accounts payable (AP) workforce is alerted when differences are discovered. Advanced workflow automation functions enable connection to the client’s back-office technology. OpenPayd Debuts Access To Quick Foreign Exchange Payments.

B2B 56

B2B Foreign Exchange Accounts Payable Invoicing 56

PYMNTS

AUGUST 13, 2019

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. importer told the publication of its reliance on surcharges to mitigate the risk of currency fluctuations. Gelis emphasized the importance of automation in technologies that businesses do decide to adopt.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

OCTOBER 16, 2020

Consumers send funds by tapping or swiping payment cards, clicking a few buttons on banking websites or payment apps, or keying details into online checkout pages, which payees receive via bank accounts or digital wallets. Kicking Free Of Correspondent Banking. If I wanted to send money from Australia back to my parents in the U.S.,

Foreign Exchange 85

Foreign Exchange Compliance Currencies Banking 85

PYMNTS

FEBRUARY 5, 2020

The Visa partnership offers users secure, cross-border payments in multiple currencies while taking advantage of Airwallex’s competitive foreign exchange rates. We have evolved to become a business account that will support the financial needs of today’s modern business.”.

B2B 71

B2B Foreign Exchange Currencies Valuation 71

PYMNTS

JANUARY 28, 2021

In recognition of this pain point, the leadership of digital asset technology firm Custody Digital have launched Ledgermatic , a company positioned to enable corporate treasurers and chief financial officers (CFOs) to manage their digital asset workflows alongside traditional fiat operations. But it may not be smooth sailing ahead.

Treasury 84

Treasury Foreign Exchange Accounts Payable Prioritization 84

PYMNTS

MARCH 10, 2020

Australian cross-border FinTech unicorn Airwallex is integrating with New Zealand’s cloud-based accounting platform Xero , Airwallex announced Tuesday (March 10). Most of our SMB customers in Australia are using Xero as their accounting solution, and so it was important to provide that seamless experience between Airwallex and Xero.”.

Reconciliations 52

Reconciliations Foreign Exchange Currencies Accounting 52

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

JANUARY 20, 2021

Procurement technology company JAGGAER has collaborated with TransferMate to provide offerings from “source to settle,” according to an announcement. TransferMate lets businesses exchange international payments quicker and simpler than in the past. TransferMate, in turn, will deliver the money to the recipient in the target nation.

Foreign Exchange 57

Foreign Exchange Reconciliations Strategic Planning Currencies 57

PYMNTS

JUNE 30, 2019

June was a busy month for cross-border payments — done across currencies and time zones, between consumers and corporates. The FX market is efficient for “larger” or dominant currencies such as the euro or the U.S. The strategic move also has a financial component, as Ripple took a $50 million stake in the money transfer company.

B2B 109

B2B Currencies Foreign Exchange Transportation 109

PYMNTS

DECEMBER 4, 2019

Data integration technology and the embrace of the open banking business model, though, has opened up new opportunities for alternative lenders themselves to collaborate with fellow FinTechs and round out their solution sets in an effort to become a greater competitive force against legacy FIs. The Right Service Combination.

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

PYMNTS

AUGUST 21, 2020

PYMNTS caught up with Peter Fitzpatrick , vice president of payments at online education technology platform Thinkific , to discuss how the company is retooling its payments approach to be favorable for expansion. Users come to these offerings to learn or teach, and no one wants to get a surprise lesson in foreign exchange (FX) rates.

Education 52

Education Foreign Exchange Currencies Accounting 52

PYMNTS

SEPTEMBER 18, 2020

Anecdotes abound, of course, in the popular music industry of artists who had huge hits — and rarely saw much cash flow, as royalties were siphoned off by others, or simply never made it into the right accounts. Or accountants did not do much accounting.

Foreign Exchange 125

Foreign Exchange Manufacturing Investments Accounting 125

PYMNTS

NOVEMBER 13, 2020

Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. Other investors also included Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fodusan and Firestartr, according to a press release. and Hong Kong.

B2B 91

B2B Banking Foreign Exchange Startups 91

PYMNTS

MARCH 5, 2019

Multi-currency IBAN account provider ONPEX is collaborating with Canada’s Wirexend to provide multi-currency payment solutions for joint business customers. The companies noted that connecting IBANs to Wirexend accounts supports faster and easier reconciliation and security.

Foreign Exchange 46

Foreign Exchange Currencies Reconciliations Accounting 46

PYMNTS

MARCH 7, 2018

Cambridge Global Payments , a unit of FLEETCOR and a provider of international payments and foreign exchange transactions, announced news on Tuesday (March 6) that it is aligning with Qwil to provide customers with advance payment capabilities. trillion to the economy. trillion to the economy.

Foreign Exchange 40

Foreign Exchange Currencies Leverage Technology 40

PYMNTS

AUGUST 3, 2016

Currency transfer and finding ways for consumers to avoid the inevitable fees is a hot spot for FinTech startups. Bank-to-bank transfers are one thing, but many consumers might want to transfer funds from a credit card rather than have to go to the trouble of opening a bank account. bank accounts. Revolut, a U.K.-based

Currencies 40

Currencies Foreign Exchange B2B Investments 40

PYMNTS

MARCH 21, 2018

Cross-border payments company Currencycloud is rolling out an accounts receivable solution aimed at reducing the friction of collecting payments from abroad. The company announced news on Tuesday (March 20) that its Global Collections tool is now live to support the acceptance of payments in multiple currencies. dollars or euros.

Foreign Exchange 49

Foreign Exchange Currencies B2B Accounting 49

PYMNTS

DECEMBER 15, 2020

Businesses can use a recipient's accounting number or email address to initiate a payment, while transaction data is enhanced to support the reconciliation process. Head of Global Strategy and Payments for Global Transaction Services David Kretz said the solution aims to "remove friction and bring transparency to cross-border payments.".

Foreign Exchange 94

Foreign Exchange B2B Reconciliations Banking 94

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. Purpose Financial LP led the funding round, reports said.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

DECEMBER 8, 2017

In a press release , Payment Rails said its white label platform supports business payments sent to more than 220 countries in more than 135 currencies. The platform is built on blockchain technology provided by Ripple to offer liquidity management and support domestic or cross-border transactions.

Foreign Exchange 78

Foreign Exchange Treasury B2B Compliance 78

CFO News Room

FEBRUARY 2, 2022

The technology relating to digital assets, including blockchain, is new and developing and the risks associated with digital assets may not fully emerge until the technology is widely used. Cryptocurrencies are sometimes exchanged for U.S. Small- and medium-capitalization companies may be subject to elevated risks.

Concentration 130

Concentration Investments Securities Currencies 130

PYMNTS

MARCH 19, 2020

FinTechs and banks continue to develop new solutions to address many of the biggest pain points of global business payments, from speed to foreign exchange. “A lot of FinTechs are coming into the space at scale, building the pipes, building the connections, applying technology to lower costs for end users,” McCarthy said.

B2B 95

B2B Foreign Exchange Accounts Payable Currencies 95

PYMNTS

NOVEMBER 9, 2017

What can foreign exchange service providers learn from the Uber model? Increasingly, firms selling abroad are embracing the belief that there is a business advantage to making products available for purchase in foreign customers’ home currencies. That’s where foreign exchange (FX) payment providers step in to help.

Foreign Exchange 43

Foreign Exchange Currencies B2B Leverage 43

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

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.

B2B 62

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