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

In addition, the deal will allow better reconciliation of payments with the matching invoices. Risk will be less of an issue because of the increase in transparency and tighter control on foreign exchange payments, along with the currency exposures for those with stake in procurement and treasury.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

DECEMBER 15, 2017

Complex on so many levels, especially when it comes to payments and, more specifically, invoicing, where demands for payment are tracked through paper and electronic means. Flywire’s background in the healthcare and education space, along with its existing invoicing system, helped assist these businesses in new ways.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

Global Finance

OCTOBER 11, 2024

million small-business clients, the bank broadened its suite of payment acceptance offerings, including invoicing and a tap-to-pay option allowing merchants to accept card payments via their mobile devices. Throughout 2023, JPMorgan Chase raised $2.3 A Rocky Road The world dodged a global recession in 2023 as global output growth shrank to 3.3%

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

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. Cross-Border Headaches. The friction points of managing workflows like billing and revenue collection across borders are plentiful in today's environment.

Mergers and Acquisitions (M&A) 61

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

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. Open Banking Opportunity.

Foreign Exchange 60

Foreign Exchange Banking Currencies Accounting 60

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

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

Global Finance

OCTOBER 31, 2024

SMEs account for 16% of the bank’s business, or approximately $1.5 Additional advancements include the integration of biometric signatures in branches and a time-saver for account openings. —LS The bank is also the first in Moldova to offer consulting services to its customers in accounting, business, and human resources.

Banking 52

Banking Finance Construction Foreign Exchange 52

PYMNTS

NOVEMBER 16, 2020

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. Across Asia, Theaud explained, invoices are often issued in U.S.

Foreign Exchange 56

Foreign Exchange Currencies B2B Manufacturing 56

PYMNTS

DECEMBER 24, 2020

Companies must smoothly manage everything from initial orders and invoicing to product delivery and the notification of payment receipts to complete it, making it a long and cumbersome procedure with a great deal of room for error. The order-to-cash (O2C) process is inherently complex.

B2B 79

B2B Foreign Exchange Invoicing Manufacturing 79

Simply Treasury

SEPTEMBER 9, 2020

Unfortunately, invoices do not get paid in profit, but in cash. By working on accounts receivable, accounts payable and stock, you can improve the reliability of cash flow forecasts. If possible, the same definitions should be used at the financial accounting, consolidation, and treasury level as at the internal reporting level.

Cash Flow Forecasting 130

Cash Flow Forecasting Forecasting Treasury Budgeting 130

PYMNTS

DECEMBER 2, 2020

Sage has unveiled a new partnership with Satago , a cash management and finance program for small firms and accounting professionals, according to an announcement. FinTech firms Cobase and Ebury are now working together to roll out Ebury's foreign exchange services on Cobase's multi-banking platform, according to a press release.

Cash Management 57

Cash Management B2B Foreign Exchange Banking 57

PYMNTS

FEBRUARY 6, 2019

SMBs can receive protection in case their corporate customers become insolvent or file for bankruptcy, or are unable to pay their invoices, according to Waldorf Trade Risk. Insuring against the risk of non-payment of outstanding invoices can support small businesses’ access to financing, the company noted. ”

Foreign Exchange 53

Foreign Exchange Invoicing Credit Risk Risk Management 53

PYMNTS

MARCH 6, 2019

DLT enables real-time asset ownership, like cash, and can provide that access to shared data, such as files and account balances. Distributed ledger technology (DLT), in essence, is a distributed database that securely stores and organizes data. Real-Time Window To Treasury Management.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

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

JULY 8, 2020

The combined technologies of the two companies let clients quickly put virtual accounts, collections, foreign exchange (FX) services and payments into place, the announcement states. The technologies encompass “account-to-account collections and payments” in addition to card spend functions.

B2B 56

B2B Foreign Exchange Invoicing Accounting 56

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. Foreign exchange (FX) rates are set into place at the time the payments are set into motion, and MineralTree said users save on wire fees compared to historical methods.

Foreign Exchange 52

Foreign Exchange Accounts Payable Invoicing Currencies 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 Currencies Foreign Exchange 61

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

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. Malware and phishing scams, supplier and invoice fraud, and sheer negligence have caused B2B payments fraud to surge. million) every day is lost to financial scams in the U.K.,

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

PYMNTS

OCTOBER 8, 2020

Mambu worked with B2B cross-border technology firm Currencycloud in order to let clients quickly work to put virtual accounts, collections, foreign exchange services and payments in place. The changes aim to improve speed and control in banking.

Foreign Exchange 56

Foreign Exchange B2B Invoicing Banking 56

PYMNTS

SEPTEMBER 15, 2020

Additionally, SBM customers can get preferential personal banking services, such as better rates on savings accounts with monthly interest payouts and competitive foreign exchange rates, the bank said. . “We

Banking 60

Banking Foreign Exchange Invoicing Securities 60

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 Currencies Foreign Exchange 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

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

NOVEMBER 13, 2019

New Zealand’s cloud-based accounting firm Xero is overhauling payments to integrate with TransferWise , Stripe and GoCardless , Xero said in a press release Wednesday (Nov. to set up card and debit payments for customer invoices and bills. GoCardless allows for Direct Debit payments and installment payments for invoices.

Foreign Exchange 46

Foreign Exchange Invoicing Auditing Accounting Firms 46

Global Finance

JULY 26, 2024

Despite a generally positive outlook, foreign exchange risks remain. Clients in Brazil and Mexico can optimize working capital with Intelligent Receivables—powered by artificial intelligence—a collections tool and invoice matching tool that achieves straight-through processing metrics into the 80-90 percentile range.

Cash Management 52

Cash Management Treasury Foreign Exchange Concentration 52

Reval

JUNE 13, 2017

According to Kerry Logistics Group Treasurer Eddie Mak, Kerry’s previous spreadsheet and paper-based invoicing process for tracking and reconciling intercompany transactions took much manpower for little gain. “We Using Reval, Kerry Logistics increased the transparency and processing time of its intercompany netting operations.

Foreign Exchange 52

Foreign Exchange Treasury Cash Management Invoicing 52

PYMNTS

MAY 13, 2020

Automation can accelerate the traditional process of “triangulating” transaction information between an invoice and supplementary information to facilitate a transaction or streamline workflows in cases in which financial institutions (FIs) must run credit checks to provide supply chain financing for a transaction to complete, Perplies said.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

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

MAY 1, 2018

For more than two-fifths of professionals surveyed, their organizations received more than 2,000 invoices every month. More than a third of survey respondents said as much as 40 percent of their supplier invoices involved a dispute, a supplier chasing money or other issues that required manual intervention and interaction.

B2B 47

B2B Invoicing Foreign Exchange Pharmaceutical 47

PYMNTS

JANUARY 9, 2018

UnionPay’s global B2B payments solution first rolled out last year to support cross-border supplier payments, invoice management, foreign exchange settlement, accounts receivable and other B2B services. Exports made up 80 percent of that volume. market and allow tourists from China visiting the U.S.

B2B 47

B2B Marketing Foreign Exchange eCommerce 47

PYMNTS

OCTOBER 21, 2016

Offering suppliers accounts receivable support to accept electronic payments from their corporate buyers, Nvoicepay focuses on faster, more secure B2B payments. In a statement, the firm’s CEO and cofounder, Karla Friede, said the investment from Napier Park will propel the company’s accounts receivable technology development.

B2B 77

B2B Startups Foreign Exchange Investments 77

Global Finance

JUNE 6, 2024

FAB also launched a sustainability-linked current account for businesses to support clients in achieving environmental, social and governance objectives by contributing to sustainable developments, integrated into their everyday cash management and a sustainability-linked supply chain finance offering.

Construction 109

Construction Compliance Cash Management Banking 109

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

DECEMBER 21, 2020

The company’s core business is to enable businesses to access payment or collection of major expenses using credit cards where cards are not accepted, such as to pay rent, tax, invoices and payroll. CardUp’s business model is charging the card for payment and delivering funds to the end supplier’s bank account through bank transfer.

B2B 70

B2B Foreign Exchange Accounts Payable Invoicing 70