PYMNTS

JANUARY 9, 2018

UnionPay International is expanding its support for cross-border B2B payments through an integration with wholesale eCommerce market Yiwu Market, based in China. Yiwu Market is the largest commodities wholesale market in the world. Yiwu Market is the largest commodities wholesale market in the world.

B2B 47

B2B Marketing Foreign Exchange eCommerce 47

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

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

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

DECEMBER 4, 2019

The rise in alternative small business lending players was first viewed as a competitive force against traditional financial institutions (FIs), although some legacy banks eventually embraced the new market entrants with partnerships and acquisitions to bolster their own small business lending activity. The Right Service Combination.

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

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

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

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

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

NOVEMBER 22, 2019

Innovation in accounts payable (AP) is now largely being driven not only by challenges in the way businesses make payments, but also by friction in the way their vendors and business partners receive them. The shipping arena requires a high burden of paperwork to even initiate the payments process, Forman explained.

B2B 43

B2B Invoicing Accounts Payable Foreign Exchange 43

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

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. According to Lansdowne-Higgins, among the biggest challenges in accounts payable today is the data silos.

B2B 62

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

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

formally began its exit from the European Union by triggering Article 50, which is likely to have widespread impact across markets. Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas.”. On Wednesday (March 29), the U.K. small businesses.

Foreign Exchange 43

Foreign Exchange Prioritization Currencies Treasury 43

PYMNTS

AUGUST 25, 2016

PayPal has only recently launched its B2B payments services through a few partnerships aimed at facilitating invoice payments. enables sellers to create a personalized account to receive cross-border payments into existing PayPal accounts. Reports on Wednesday (Aug.

B2B 40

B2B Foreign Exchange Invoicing Accounting 40

PYMNTS

MAY 13, 2020

While the pandemic has created unique circumstances of immeasurable strain and pressure on the global market, it’s also emboldened many to rise to the occasion and ensure business continues to flow with as little disruption as possible.

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. Why It Happens. Where It Happens. and Switzerland).

Foreign Exchange 44

Foreign Exchange Invoicing Accounts Payable Accounting 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 service providers negotiate foreign exchange rates with other cross-border payment service providers, reports added.

Foreign Exchange 40

Foreign Exchange Accounts Payable B2B Invoicing 40

PYMNTS

NOVEMBER 7, 2019

As the Tracker explores, supporting recurring payment capabilities continues to meet new hurdles as service providers expand their customer bases cross-border and into emerging markets — with many of these challenges applicable to both B2B and B2C subscription services. An announcement on Wednesday (Nov.

B2B 40

B2B B2C Foreign Exchange Invoicing 40

PYMNTS

NOVEMBER 16, 2018

The star of this week’s roundup is undoubtedly data: Two Robotics Process Automation (RPA) companies focusing on enterprise data analytics and automation landed a combined $565 million, while other high-value rounds were closed in the workspace sharing and asset-based lending markets. Automation Anywhere.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

APRIL 18, 2016

For instance, businesses need to figure out how to strike reliable partnerships in overseas markets. They’re having to look at new markets abroad, and the challenges that come with that aren’t easily solved.” They’re having to look at new markets abroad, and the challenges that come with that aren’t easily solved.”

Foreign Exchange 40

Foreign Exchange Invoicing B2B Accounts Payable 40

PYMNTS

MAY 1, 2019

While the cross-border B2B trade market has worked to address some major points of friction, from a $1.5 trillion trade credit gap to the continued reliance on paper trade documents and invoices, often the first hurdle that must be tackled is how to find the right corporate customers. market and the amount of opportunities that exist.

Foreign Exchange 55

Foreign Exchange Finance Credit Risk B2B 55

PYMNTS

DECEMBER 31, 2020

Add in the current climate of heightened geopolitical uncertainty, trade disputes, foreign exchange volatility and regulatory complexities, and corporate treasurers have their work cut out for them, often with reduced budgets and slim staffing. The other is technological innovation.

Healthcare 115

Healthcare B2B Foreign Exchange Treasury 115

PYMNTS

JULY 26, 2019

The modern-day financial services landscape has a need for speed, and one of the slowest areas of the market can be seen in cross-border payments. There is also the issue of corporates delaying their payment terms to vendors and paying invoices late beyond agreed-upon terms.

Foreign Exchange 64

Foreign Exchange B2B Prioritization Banking 64

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

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. But for about for about one-third o f the world’s adult population ( 1.7

B2B 49

B2B Foreign Exchange eCommerce Currencies 49

PYMNTS

MARCH 23, 2016

As competition seeps across borders, suppliers are grabbing at the chance to enter new markets, especially those with massive potential to fuel growth, like the U.S. These extended payment terms could be due to open account trade. And if you think this is a problem just for overseas markets like Asia, think again. “It

Foreign Exchange 40

Foreign Exchange B2B Manufacturing Finance 40

PYMNTS

FEBRUARY 8, 2018

Clients are able to make those payments within 15 seconds — or even less in some markets — as the services are delivered.”. Digital wallet providers, which must quickly move money between wallets and bank accounts, also present a major potential use case. It’s important in all markets to get to ubiquity and get reach,” he said.

Foreign Exchange 43

Foreign Exchange Banking Invoicing Compliance 43

PYMNTS

OCTOBER 4, 2019

More than $874 million in fresh funding landed at B2B startups this week across a range of market segments and geographies. Now that Fyle has officially launched operations, the company said it would deploy the funding to focus on product innovation and global growth and to invest in sales and marketing efforts. Clix Capital.

B2B 51

B2B eCommerce Startups Foreign Exchange 51

PYMNTS

MARCH 1, 2016

Meanwhile, AvidXchange, which provides accounts payable and automation solutions for corporations, also landed among the elite with a $225 million funding round led by Bain Capital in September. Citi Ventures supported B2B FinTech companies like invoice financer C2FO, while iwoca got support from CommerzVentures.

B2B 40

B2B Foreign Exchange Accounts Payable Startups 40

PYMNTS

OCTOBER 7, 2016

And bitcoin purveyors and exchangers are eyeing an emerging eCommerce market in India that might offer the right components for traction. Only 4 percent of India’s 1 billion population regularly shops online, which leaves an enormous untapped market for bitcoin purveyors. From Lights To Lightning.

Currencies 99

Currencies Foreign Exchange eCommerce Banking 99

PYMNTS

DECEMBER 17, 2019

As open banking frameworks take root in more markets around the globe, the model of data integration continues to also take shape in the business financial services market, particularly impacting micro- and small businesses (and the FinTechs that service them). “FX is a complicated area,” added Cran.

Marketing 52

Marketing Accounts Payable Foreign Exchange Invoicing 52

PYMNTS

JANUARY 16, 2019

based challenger bank, is expanding its existing partnership with digital payments company PrePay Solutions (PPS) to add corporate accounting and invoicing to its platform. The economics of banking don’t lend themselves well to the bottom 90 percent of the small business market,” he said. Coconut , a U.K.-based

Invoicing 51

Invoicing Foreign Exchange Accounting Banking 51

Simply Treasury

SEPTEMBER 9, 2020

Today, not being of " investment grade " quality is an enormous handicap in the bank lending market. The bond market would appear to compensate for this lack, as do stock-market issues, although these are on the decline or still at an exceptionally low level, after a financial earthquake unique in the history of modern finance.

Cash Flow Forecasting 130

Cash Flow Forecasting Forecasting Treasury Budgeting 130

PYMNTS

FEBRUARY 11, 2020

Financial institutions (FIs) today face the ongoing threat of trade finance , he noted, pointing to a common tactic of a supplier submitting the same invoice to two different financiers to receive double funding. From invoice fraud to cyberattacks, the threats hampering trust in cross-border trade continue to grow. ”

Finance 53

Finance Technology Foreign Exchange Invoicing 53

PYMNTS

MARCH 6, 2019

Much of the operations are limited by the time zone/region and cutoff times for various markets,” he said. DLT enables real-time asset ownership, like cash, and can provide that access to shared data, such as files and account balances. Beyond time windows, all too often, finance functions are still tied to PDFs, Excel files and email.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

Future CFO

JANUARY 21, 2021

The new risks and market changes that COVID-19 ushered altered business norms. Decision-makers demanded real-time data across a multitude of projects as they navigated the new normal market. One immediate challenge that the Treasury department faced was foreign exchange (FX) exposure. New normal, new expectations.

Treasury 52

Treasury Foreign Exchange CFO Currencies 52