PYMNTS

MARCH 2, 2020

Late payments are a reflection of a broader challenge in B2B payments: Large corporate buyers can wield their market power with small suppliers that lack leverage to negotiate faster payment terms. As this week’s B2B Data Digest shows, late payments can also be the result of suppliers’ unfamiliarity with invoicing best practices.

Reconciliations 57

Reconciliations Invoicing B2B Manufacturing 57

PYMNTS

NOVEMBER 26, 2020

These firms are also looking to process invoices faster and more efficiently, and they are adopting automations that can rapidly interpret invoice-related information and flow it into their systems. . That means leaving old-fashioned AR methods behind, as many corporate clients no longer want to receive invoices in the mail. . “It

Invoicing 67

Invoicing B2B Accounts Payable Reconciliations 67

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. 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

FEBRUARY 19, 2018

Travel booking company Webjet , based in Australia, has launched a blockchain solution for the hotel industry to manage reconciliation in hotel distribution. According to Webjet, the company tested the solution in-house with its own B2B partners before rolling it out to market.

Reconciliations 43

Reconciliations B2B Accounts Payable Invoicing 43

PYMNTS

JULY 3, 2020

Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. With speed-to-market more important than ever as businesses eagerly search out tools to support business continuity, FinTech partnerships enable banks to accelerate new product rollouts.

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

PYMNTS

MAY 16, 2016

The innovators at SmartStream Technologies have introduced the first solution from its SmartLabs innovation center, and it’s a tool for financial services companies to streamline the reconciliation process. According to the company, it takes only minutes for the solution to identify matches and invoice exceptions.

Reconciliations 40

Reconciliations Invoicing Technology Sales 40

PYMNTS

SEPTEMBER 20, 2018

Research published last year from the International Factoring Association (IFA) pointed to the trucking and freight industry as the market that uses invoice factoring solutions more than any other. It’s another example of trucking and logistics regulation affecting accounts receivable and payable operations in the sector.

Accounting 63

Accounting Invoicing Accounts Payable Transportation 63

PYMNTS

AUGUST 8, 2019

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. Data is key to addressing those pain points like identifying instances of fraud or promoting automated reconciliation.

Accounts Payable 57

Accounts Payable Accounting B2B Reconciliations 57

PYMNTS

NOVEMBER 26, 2019

Accounts payable (AP) automation is beneficial, and even necessary, for many businesses still bogged down by paper. Part of that journey includes a focus on vendors’ accounts receivable (AR) challenges, which is crucial to finding success with newly-implemented AP tools. Tipalti Collaborates To Ease Vendor Acceptance.

Accounting 64

Accounting Accounts Payable B2B Reconciliations 64

PYMNTS

FEBRUARY 7, 2019

A press release revealed that the company will make its automated accounts payable (AP) solution available to U.K. ’s struggles with late supplier payments post a key challenge to the overall economy, making the market “ripe for accessible AP automation.” the firm announced on Wednesday (Feb.

Accounts Payable 49

Accounts Payable Marketing Invoicing Reconciliations 49

PYMNTS

JANUARY 5, 2017

Technology firm Ricoh is jumping into B2B payments with a new service aimed at digitizing accounts receivable processes. Ricoh Canada revealed this week the launch of its eInvoice Presentment & Payment Service, a solution to help businesses provide electronic invoices to clients and accept payment.

Invoicing 40

Invoicing B2B Accounts Payable Reconciliations 40

PYMNTS

FEBRUARY 11, 2020

Cloud accounting firm Xero and payments services company Square are collaborating to offer small businesses a tool for faster invoicing and payments, according to reports on Tuesday (Feb. Small and medium-sized businesses (SMBs) using Xero can email invoices with the built-in Square payment functionality. and Ireland.

B2B 83

B2B Invoicing Reconciliations Sales 83

PYMNTS

JULY 10, 2019

FLEETCOR -owned Cambridge Global Payments has announced the launch of its Invoice Automation Solution. The service automatically extracts data from invoices, PDFs and other trade documents and automates accounts payable while storing payables information for reconciliation and accounting.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

JUNE 16, 2020

That’s true in terms of getting gig work solutions to market, and as a core characteristic of those solutions. In the June 2020 edition of The Gig Economy Tracker® done in collaboration with Tipalti , we find these traits, among others, defining innovation in accounts payable (AP) software. Manual Reconciliation, Begone.

Reconciliations 67

Reconciliations Invoicing Accounts Payable Auditing 67

PYMNTS

MAY 1, 2020

. “They accept cryptocurrency, facilitate the exchange, charge a professing fee then transfer funds into a bank account in one or two days. ” This is the challenge that Gilded aims to address with its services that enable corporates to issue invoices and accept crypto and digital currencies on those bills. .”

Currencies 68

Currencies Accounting B2B Reconciliations 68

PYMNTS

OCTOBER 30, 2020

Digitizing documents is key to optimizing workflows, but when it comes to the procure-to-pay space, not all digital invoices and purchase orders are created equal. XML invoices, which digitize the data on the invoice, are only a fraction of total invoice volume. What It Means to Be Digital.

Invoicing 110

Invoicing Cash Flow Forecasting Reconciliations Forecasting 110

PYMNTS

NOVEMBER 20, 2020

Whether that means establishing subsidiaries abroad, acquiring customers in new geographic markets, or stepping into a new space via mergers and acquisitions (M&A), even small companies are often global ones. The challenges of international financial workflows don't end once a payment is received and currency conversion occurs, either.

Mergers and Acquisitions (M&A) 61

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

PYMNTS

OCTOBER 5, 2020

“The shift I have seen there,” she told PYMNTS of healthcare firms, “that was most effective is providers [the vendors] had their way of going through the process either from an [accounts payable] or [accounts receivable] perspective.”. Comdata, she said, has mimicked the flow from claims to invoice to payment to reconciliation.

Healthcare 130

Healthcare B2B Reconciliations Accounts Payable 130

PYMNTS

MAY 28, 2020

To automate accounts receivable (AR) for mid-sized companies, HighRadius has rolled out its RadiusOne A/R Suite. The company said that the suite “uniquely positions itself” in a market that is not well-served by providing a cash reconciliation app, eInvoicing and collections app.

Technology 52

Technology Reconciliations Accounts Payable Credit Risk 52

PYMNTS

FEBRUARY 28, 2020

Purchase, invoice and transaction data are invaluable to the journey of digitization and automation, but organizations are increasingly recognizing that the value can only be realized if that data can integrate seamlessly across platforms. B2B payments market. Going Further With Open Banking.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

DECEMBER 30, 2020

The shift toward contextual banking has a tailwind in place as the financial institutions (FIs) that have been market leaders have been seeing strong deposit growth — and as corporate customers are growing those balances, they want to be able to see their account activity and cash balances visible within the same application on demand.

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

PYMNTS

DECEMBER 18, 2020

Something’s going to happen with paper checks, paper invoicing — the whole paper thing on a grand scale — and businesses need to be ready for that eventuality. Accounting functions are having a funky year, as COVID caught many corporates either right before or in the middle of big digital transformation projects. days to 42.6

Treasury 76

Treasury Invoicing B2B Reconciliations 76

PYMNTS

SEPTEMBER 27, 2020

HighRadius will serve the role of helping Commerce Bank modernize its accounts receivable (AR) and treasury operations, as many corporate clients need nowadays. HighRadius also offers services for cash reconciliation, eInvoicing and collections to help those in underserved markets.

Banking 89

Banking Treasury Reconciliations Invoicing 89

PYMNTS

SEPTEMBER 17, 2019

Instead, taking a look at the latest solutions to emerge on the market shows various applications for speed in commercial transactions, from faster deposits for small businesses, to virtual cards enabling faster invoice payments for suppliers. According to the companies, speed is a crucial benefit of such a tool.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

PYMNTS

NOVEMBER 25, 2020

This combination of facilitating payment and data connectivity was the motivation behind Transcard's launch of automated account-to-account (A2A) transactions. The Account-To-Account Connection. The Account-To-Account Connection. Deepening Data Ties.

B2B 116

B2B Invoicing Reconciliations Treasury 116

PYMNTS

DECEMBER 15, 2020

But there are other pain points in B2B payments for the legal cannabis market, according to Doug Gordon , executive vice president and head of LeafLink Financial. Legal cannabis is generally a new industry, as Gordon discussed, meaning the market is dominated by startups. Challenges 'On Steroids'.

B2B 111

B2B Accounts Payable Startups Invoicing 111

PYMNTS

OCTOBER 1, 2020

Founded in 2000, Lightyear is a financial services-focused private-equity firm based in New York, which focuses on middle-market companies in North America associated with financial services. The software market is a fragmented one, he said. There is also growing demand for better accounts receivable (AR) management, he added.

B2B 56

B2B Invoicing Practice Management Reconciliations 56

PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. Offering competitive pricing is critical in today’s market, as businesses’ budgets are growing tighter.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

Spreadym

JUNE 19, 2023

Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. Implement efficient invoicing processes, offer incentives for early payments, and promptly follow up on overdue payments to minimize the risk of cash flow gaps.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

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

SEPTEMBER 21, 2018

That includes payment solutions provider MarketInvoice , which collects funds from the buyer within 24 hours of the invoice confirmation. It then enables sellers to have their funds deposited into their bank accounts for a small fee. Lessons In Tuition Payment Reconciliation. Lessons In Tuition Payment Reconciliation.

Invoicing 46

Invoicing Education Reconciliations Healthcare 46

PYMNTS

JUNE 10, 2020

The pandemic affected the freelance market in varying ways, with many workers facing increased economic uncertainty and drawing upon their savings as work opportunities became scarce. Companies are also making changes to the freelancer invoicing process in the hopes of enabling faster payments, such as French FinTech Shine.

Invoicing 56

Invoicing Reconciliations Accounts Payable Communication 56

Bramasol

SEPTEMBER 12, 2022

Throughout the evolution of SAP RAR, the product roadmap has been closely aligned with SAP S/4HANA to proactively address the widening impacts of revenue accounting requirements across the entire enterprise. Other key advantages include: Enhanced disclosure and reporting support for revenue accounting. Early termination of contracts.

SAP 83

SAP IFRS Compliance Invoicing 83

PYMNTS

DECEMBER 28, 2020

Corporates want to delay payment as long as possible in order to better manage cash flow, while suppliers are pressed to accelerate accounts receivable to strengthen their own cash positions. One of the most prominent culprits behind that friction is the intrinsic conflict that buyers and suppliers face in their payment flows.

B2B 81

B2B Invoicing B2C Reconciliations 81

PYMNTS

NOVEMBER 21, 2018

With pressure mounting for the enterprise to digitize, accounts payable automation is seen as a crucial part of achieving greater efficiency, cost savings, visibility into spend and strengthening of vendor relationships, to name a few benefits. But when it comes to money, businesses may be reluctant to hand the reins to a third party.

Accounts Payable 63

Accounts Payable Invoicing Reconciliations Accounting 63

PYMNTS

MARCH 16, 2017

We were surprised to see businesses actively selling into markets because they had a vehicle to receive payments there, and they were actively avoiding other markets because they didn’t know how to get paid there,” Moen said of Flywire’ s conversations with companies revealing their B2B payment pain points. Time For Change.

B2B 43

B2B Marketing Compliance Invoicing 43

CFO Talks

MARCH 20, 2024

Think of a Controller as the head of getting day-to-day money matters right, like making sure every penny is accounted for and reports are spot-on. Accounting Responsibilities: Both the CFO and Controller collaborate on overseeing the annual audit, ensuring thoroughness and compliance. The CFO, however, looks at the bigger picture.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52