PYMNTS

FEBRUARY 26, 2020

That means emerging services are multitasking, easing friction for both accounts payable and accounts receivable. Below, PYMNTS explores the latest initiatives and finds that innovators are looking at the accounts receivable side to tackle accounts payable friction. Tipalti Reallocates The Workload.

Accounting 72

Accounting Accounts Payable Invoicing General Ledger 72

PYMNTS

JUNE 9, 2017

In payments and FinTech, it’s often the startup’s job to disrupt an industry with many legacy businesses, outdated technologies and processes. That’s especially true in corporate accounting, says Beanworks CEO Catherine Dahl. The investment will help Beanworks scale up as it looks to be at the forefront of that accounting change.

Accounting 43

Accounting Technology Accounts Payable Invoicing 43

PYMNTS

DECEMBER 22, 2020

The experiments aim to examine a digital euro’s technical feasibility as well as its “programmability” as a coin separate from a central bank digital currency, (CBDC) according to CoinDesk. Any bank can participate in the digital currency initiative, Ledger Insights reported. This would preserve the global reputation of the euro.”.

Banking 69

Banking Currencies Reconciliations Technology 69

PYMNTS

NOVEMBER 20, 2020

While expanding internationally is the easy part, the challenge often comes in the back-office financials like invoicing , cross-border payments, accounting and reconciliation. The challenges of international financial workflows don't end once a payment is received and currency conversion occurs, either. Cross-Border Headaches.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

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

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. Datarails is a valuable tool for companies seeking streamlined reporting for themselves and their stakeholders.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

OCTOBER 14, 2020

Community banks and regional banks will be able to immediately offer a platform under their own brands, enabling their business clients to automate their accounts payable (AP) through the RegalPay One application without making a large technology investment, according to the announcement. Reconciliation also comes with the offering.

B2B 82

B2B Banking Accounts Payable Reconciliations 82

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

FEBRUARY 4, 2020

Once reserved for only the largest and most sophisticated firms, automated enterprise resource planning (ERP) and accounting platforms are now accessible for even the smallest of businesses, and data from those systems is the new currency of operational efficiency. A Reconciliation Headache. According to Dean M.

Reconciliations 61

Reconciliations B2B Invoicing Accounting 61

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. Technology that sits in between these business partners can help to accomplish both.

B2B 92

B2B Vendor Management Marketing Accounts Payable 92

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

PYMNTS

JANUARY 21, 2021

Procurement technology company JAGGAER has collaborated with TransferMate to provide offerings from “source to settle,” according to an announcement. The new program will allow SMB bank transactions to be imported directly and securely from Nedbank accounts into the Xero cloud accounting platform, the report stated.

B2B 85

B2B Banking Reconciliations Currencies 85

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

Procurement technology company JAGGAER has collaborated with TransferMate to provide offerings from “source to settle,” according to an announcement. Software companies, financial technology firms and financial institutions collaborate with TransferMate, according to the announcement.

Foreign Exchange 57

Foreign Exchange Reconciliations Strategic Planning Currencies 57

PYMNTS

JUNE 17, 2020

At least, that’s what commercial card technology players believe, with this week’s rundown of the latest initiatives in corporate card solutions placing a focus on returning business trip volume. The integration also supports automated reconciliation and cash flow management, the companies noted in a press release.

Reconciliations 67

Reconciliations Accounts Payable Risk Analysis B2B 67

PYMNTS

NOVEMBER 19, 2020

That includes advancements in Canada's upcoming Real-Time Rail, as well as adoption by Transcard of Mastercard's Track Business Payment Service to facilitate real-time, account-to-account transfers for businesses. Plus, blockchain makes new inroads in the B2B arena. Canada Taps Vocalink for Real-Time Rail.

B2B 104

B2B Reconciliations Risk Management Compliance 104

CFO Leadership

MARCH 31, 2022

New currencies, global banking structures, regional regulations, disparate processes, and disconnected systems all add complexities to the treasury operations. Treasury professionals may now have to keep an overview on hundreds of bank accounts with different bank partners, in multiple currencies and in many countries around the world.

Treasury 52

Treasury Cash Management Currencies Reconciliations 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

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. Using Technology To Solve Key Use Cases.

B2B 134

B2B Reconciliations Accounting Invoicing 134

PYMNTS

FEBRUARY 16, 2017

After all, if a company has worked so hard to develop some type of financial technology, why would they want to lend that technology out to just about anyone? Plus, there is a competitive edge to the tactic, enabling the owners of these technologies to see their solutions integrated into more services, reaching more end users.

B2B 75

B2B Reconciliations Currencies Communication 75

PYMNTS

OCTOBER 28, 2020

Expense management and accounts payable (AP) automation company Emburse has rolled out Emburse Cards and Tallie Travel to offer a simple way for clients to handle their travel and out-of-pocket expenditures, according to a Wednesday (Oct. 28) announcement.

Accounts Payable 49

Accounts Payable Reconciliations Currencies Accounting 49

PYMNTS

APRIL 30, 2020

ACH transaction data standardization will also be important for reconciliation and reporting, said Thorness. In addition to its new cash application capabilities, accounts receivable technology provider Invoiced recently announced a virtual lockbox solution aimed to address the friction of paper checks.

Invoicing 73

Invoicing Reconciliations Currencies B2B 73

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. The solution is made possible through the adoption of the funds transfer service Interac eTransfer for Business.

Foreign Exchange 94

Foreign Exchange B2B Reconciliations Banking 94

PYMNTS

NOVEMBER 20, 2018

Banking technology provider Cashplus is introducing a new application program interface (API) designed to allow small and medium-sized businesses (SMBs) to make mass payments to their vendors simultaneously. A press release Monday (Nov. 19) said Cashplus, based in the U.K., A press release Monday (Nov. 19) said Cashplus, based in the U.K.,

Reconciliations 43

Reconciliations Currencies Accounting Banking 43

PYMNTS

SEPTEMBER 18, 2019

financial institution Wells Fargo has announced plans to pilot an internal settlement solution that operates on distributed ledger technology (DLT). “We believe DLT holds promise for a variety of use cases, and we’re energized to take this significant step in applying the technology to banking in a material and scalable way.

Reconciliations 49

Reconciliations Currencies Banking Planning 49

PYMNTS

APRIL 29, 2019

This improves payments acceptance, settlement times and reconciliation without the burden of multiple banking relationships, high fees and slow transfer times.” Virtual IBAN lets companies send and receive cross-border payments in real time at competitive rates, the companies said in their announcement.

Banking 51

Banking Reconciliations B2B Currencies 51

PYMNTS

DECEMBER 15, 2017

On a good day, managing the ebb and flow of supply chains, accounts receivable and accounts payable can be challenging; on a bad day, juggling all those spinning plates becomes a nightmare. Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately.

Invoicing 48

Invoicing Reconciliations Currencies Foreign Exchange 48

PYMNTS

AUGUST 13, 2019

importer told the publication of its reliance on surcharges to mitigate the risk of currency fluctuations. Yet those treasurers say that adopting a new FX management technology is a key barrier to improving those strategies. 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

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. Of course, the technology we were using to collect and consolidate financial results back then was pretty arcane. Life is so much easier for accounting and Finance staff now with today’s technology.

IFRS 40

IFRS GAAP Reconciliations Auditing 40

PYMNTS

DECEMBER 12, 2019

That’s surprising for several reasons, and here’s a good one: nearly 70 percent of accounts payable (AP) professionals say suppliers value payments speed above all. Western Union’s trio of new APIs can perform a P2P transfer function, as well as send money to business accounts or Western Union agents in local currency.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

JUNE 21, 2017

It’s this inability to communicate that is causing connections to fall apart through the lifecycle, from initiation at the point of sale to back-end reconciliation. It’s an industry-wide problem that Modo is solving with its patented COIN technology. It all comes down to simple accounting and communication.

Reconciliations 65

Reconciliations Communication Currencies Sales 65

PYMNTS

SEPTEMBER 4, 2018

Yet there is some adoption of faster payment technologies among corporates. The report cited research from Euromoney in which more than two-thirds of organizations said they would be interested in adopting a tool that provides automated, 24/7 currency conversion solutions based on real-time FX rates. In the U.S.,

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

DECEMBER 17, 2019

that develops solutions for digital currency. He emphasized that the company’s aim is to help move digital currency — that is, digital forms of fiat currency — across bank rails, and that it has nothing to do with cryptocurrency, which is still an unwelcome concept to many financial institutions (FIs) and payments players.

Banking 52

Banking B2B Currencies Reconciliations 52

Planful

FEBRUARY 21, 2017

But thanks to technology, the process need not be such a stressful and painful affair anymore. It usually begins with the collection of financial results from multiple systems, divisions, and subsidiaries with each having their own charts of accounts and business practices. Attend to Reconciliations Early.

Reconciliations 40

Reconciliations IFRS GAAP Leverage 40

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

Planful

JUNE 3, 2021

Investing in innovative technology, such as a cloud-based planning and consolidation platform, gives your finance teams the support they need for financials. Manual reconciliation is the most frustrating aspect of creating consolidated financial statements. Transform the Finance Consolidation Process. The solution?

Compliance 40

Compliance Reconciliations Currencies Finance 40

PYMNTS

OCTOBER 29, 2019

In Australia, the nation’s new payment network, New Payments Platform (NPP), similarly caught the attention of the B2B space as cloud accounting and payroll service providers ponder use-cases beyond real-time consumer P2P payments — while blockchain also made progress in the corporate payments arena.

SAP 40

SAP B2B Reconciliations Banking 40