PYMNTS

MARCH 1, 2019

Consumers no longer had to carry hard currencies, and they could make purchases using money they expected to earn. introduced FPS, payments took hours or even days to reach recipients’ accounts, giving FIs time to examine the transactions and respond to anything suspicious. Security strategies. Fraud opportunities.

Securities 53

Securities Reconciliations Banking Invoicing 53

PYMNTS

SEPTEMBER 17, 2020

This week's roundup of the convergence of accounts payable (AP) and accounts receivable (AR) takes a look at how B2B payments solution providers are considering both buyers and suppliers as a result of the pandemic. Paymerang Eyes The Supplier's Role In AP. A lot of AP service providers don't think of the other side," said Chanda. "If

B2B 92

B2B Vendor Management Marketing Accounts Payable 92

PYMNTS

OCTOBER 14, 2020

Together, the companies will work on simplifying loading accounts. Contis CEO and Founder Peter Cox said in the release that the partnership would work to " bring instant remittances and automatic reconciliation to businesses and account holders alike.". "At

Reconciliations 60

Reconciliations Currencies Accounting Banking 60

PYMNTS

JANUARY 20, 2021

“Thanks to this agreement we can now offer JAGGAER customers and their suppliers improved tracking, reconciliation and speed of processing or receiving cross-border transactions in 134 currencies,” JAGGAER CEO Jim Bureau said in the announcement.

Foreign Exchange 57

Foreign Exchange Reconciliations Strategic Planning Currencies 57

CS Lucas

APRIL 28, 2023

Enhanced fraud prevention: The use of automated systems for transferring files reduces the risk of tampering, improving security. The bank statements and balances provide up-to-date information on the account balances and transactions, which are essential for cash planning and fund tracking.

Banking 52

Banking Reconciliations Transportation Securities 52

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

SEPTEMBER 18, 2019

. “Wells Fargo Digital Cash has the potential to enable Wells Fargo to remove barriers to real-time financial interactions across multiple accounts in multiple marketplaces around the world,” she added. dollars, though the FI added that it plans to expand the testing of this service to other currencies.

Reconciliations 49

Reconciliations Currencies Banking Planning 49

Planful

JANUARY 19, 2016

When I was a staff accountant back in the mid-1980s, I remember spending many nights and weekends working to close the year-end books. Then we would key the numbers into a spreadsheet and perform the currency translations there. (I Intercompany reconciliations were a nightmare, with many phone calls to the foreign subs.

IFRS 40

IFRS GAAP Reconciliations Auditing 40

Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Here's how it works: Multiple Currency Support: In a multi-currency account, you can hold balances in different currencies simultaneously.

Currencies 52

Currencies Accounting Risk Management Compliance 52

PYMNTS

APRIL 14, 2020

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

MAY 18, 2018

B2B startups in the small business banking, expense management and analytics sectors led this week’s investment roundup, securing more than half of the $108 million raised. But it’s a startup in Africa that not only secured the largest investment round of the week, but set a new record in the process, raising $47.5

B2B 53

B2B Investments Startups Reconciliations 53

PYMNTS

JULY 8, 2016

The Asia-Pacific region undoubtedly led the way, with India securing the largest investment of the week (alternative SME lending) and other deals reaching Australia and China in the logistics, cross-border payments and SaaS segments. Check out our breakdown of all the deals below. Check out our breakdown of all the deals below.

B2B 40

B2B Startups Foreign Exchange Invoicing 40

PYMNTS

JULY 2, 2018

” Accounts of South Koreans being spontaneously hoisted onto the shoulders of crowds of enraptured Mexicans also became common across the U.S. Via the One Pay service, consumers will be increasingly able to send funds worldwide and in their currency of choice without hassle or excessive cost. The class action suit, Heinert v.

Foreign Exchange 41

Foreign Exchange Banking Reconciliations B2B 41

Bramasol

APRIL 15, 2024

Key improvements over current FP&A functionality will include: The ability to leverage real time information, such as dynamically changing market conditions, customer behaviors, supply chain disruptions, currency fluctuations, etc. to drive financial models. As with Scenario One, unified and consistent data will be key.

SAP 88

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 88

The Finance Weekly

APRIL 13, 2024

Conversely, business finance software caters to the more complex financial needs of businesses, offering tools to track income and expenditure, generate financial reports, and handle accounts receivable and payable effectively. Contact Their sales team for a custom quote.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

CFO Leadership

MARCH 31, 2022

Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. New currencies, global banking structures, regional regulations, disparate processes, and disconnected systems all add complexities to the treasury operations. And they need technology.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

DECEMBER 9, 2020

The conversation came against a backdrop where, at a high level, B2B payments account for $120 trillion globally on an annual basis. The conversation came against a backdrop where, at a high level, B2B payments account for $120 trillion globally on an annual basis. Visa Direct also lets merchants push funds to demand accounts.

B2B 134

B2B Reconciliations Accounting Invoicing 134

The Finance Weekly

OCTOBER 13, 2021

When a firm spends weeks reconciling accounts, closing the books, and reporting earnings to stakeholders, moving quickly is challenging. It's impossible to optimize financial closing processes without first taking into account the hundreds of steps and people involved. Think through the “extended” process.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Economics Risk Management Reconciliations 52

PYMNTS

JUNE 7, 2018

As the world continues to shrink and companies do more business beyond their borders, quick and efficient fund transfers and reconciliations have become crucial to keeping everything organized and everyone happy. Those operating in multiple counties must also manage cross-border money transfers between their far-flung offices’ accounts.

Reconciliations 46

Reconciliations Currencies Foreign Exchange Accounting 46

PYMNTS

JULY 9, 2019

Most said they manually manage intercompany processes like reconciliation, while ad-hoc functions are also common. This lack of insight into intercompany accounts can result in misstated financials, fraud and, overall, a lack of understanding into cash positions and allocations. Open Banking Opportunity.

Foreign Exchange 60

Foreign Exchange Banking Currencies Reconciliations 60

PYMNTS

MAY 3, 2018

It’s simple to explain, but extremely difficult for firms to do — particularly in the case of manufacturing mega-players like Coca-Cola or international veterinary supply firm IDEXX Laboratories, which are looking at funds coming in through dozens of payments methods, in scores of currencies and through a host of different regulatory regimes.

B2B 40

B2B Reconciliations Invoicing Currencies 40

PYMNTS

MAY 19, 2017

We are always focused on managing security and fraud risk. We have an expert team of people who work to ensure our systems are secure and continuously monitored. Payments providers are evaluating numerous use cases for the deployment of blockchain applications and the use of crypto-currencies or tokens as an added level of security.

Reconciliations 49

Reconciliations B2B Currencies Securities 49

PYMNTS

MARCH 1, 2018

The latest stats from travel and expense company Certify revealed that Uber secured 56 percent of ground transportation expenses for Certify customers in 2017, up from 52 percent in 2016. Of course, language and currency can be a struggle. Businesses need options when it comes to ground travel, Mac recently told PYMNTS.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40

PYMNTS

OCTOBER 13, 2020

Indeed, as the panelists noted, the winds of change had already been blowing as COVID-19 alighted on every corner of the globe and forced us all to embrace distributed, remote accounting and treasury services environments, tasked with modernizing data and payment flows. Setting the Stage.

Treasury 76

Treasury Banking B2B Reconciliations 76

PYMNTS

NOVEMBER 11, 2019

RedCloud Technologies said earlier in the month that it had launched a payment solution, known as Cash Reconciliation & Invoicing By Optics, or CRIBO for short. Banks might primarily choose to serve the larger corporate accounts and consumers which leaves the middle-market SMB segment heavily underserved.

Invoicing 40

Invoicing Reconciliations Currencies Banking 40

PYMNTS

NOVEMBER 14, 2017

And when it comes to far-flung currencies, cultural differences and cash translated into bits and bytes, consistency counts. What happens when you are talking about several hundred payment methods around the world” is that the process of connecting to each and every one, in addition to reconciliation, becomes a burden.

Reconciliations 46

Reconciliations eCommerce Currencies Banking 46

PYMNTS

MAY 7, 2018

The service allows online shoppers to log into their Amazon accounts from other websites so they can complete the transaction using stored credit cards and delivery addresses rather than having to enter them again. To enable easy, secure payments for anyone, anywhere in the digital or physical world, all using a single account.

Reconciliations 53

Reconciliations Currencies Accounting Sales 53

Future CFO

JANUARY 12, 2021

Seamlessly integrating potentially conflicting financial data from multiple sources across geographies, time zones, and currencies onto a single platform saves time and effort and allows you to streamline processes and apply automated analytics. It also enables globally dispersed finance teams to collaborate and meet deadlines.

Foreign Exchange 40

Foreign Exchange CFO Compliance Reconciliations 40

Barry Ritholtz

OCTOBER 3, 2023

And so after a week there, I, I said to the guys on desk, Hey, can I open an account and do this? Yeah, you’re, you’re, you’re allowed to open an account. So I opened an account and I sat there and I traded the, the New York Chicago Gold arbitrage for the next sort of close to month. Gary Cohn ] 00:05:28 Be?

Marketing 108

Marketing Treasury Banking Profit and Loss 108