PYMNTS

JANUARY 26, 2021

marked its third anniversary of adopting its open banking framework, making it the leading market to drive the concept of unlocking customers’ bank account data for integration with third-party solution providers. Last week, the U.K. where there is no open banking regulatory mandate. HashCash Brings Blockchain Tech To Unnamed Bank.

Banking 142

Banking Reconciliations B2B Financial Data 142

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. Accounts receivable (AR) departments are gradually opening up to digital currency acceptance, but as Roche emphasized, it’s not a transition that will happen all at once.

Currencies 68

Currencies Accounting B2B Reconciliations 68

PYMNTS

OCTOBER 5, 2020

“We’ve seen the acceleration [away from manual, paper-based back-office functions] due to employees working from home” and issues tied to security and battling potential fraud, Joiner said. We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner.

Healthcare 130

Healthcare B2B Reconciliations Accounts Payable 130

PYMNTS

APRIL 19, 2019

The shifting role of small business (SMB) accountants is largely driven by the increase in automated solutions available to business owners today. With machines now taking care of repetitive financial tasks, accountants have had to readjust their position from number-cruncher to value-adder to remain relevant. ” Jones explained.

Accounting 61

Accounting Compliance Reconciliations CFO 61

PYMNTS

MARCH 10, 2017

The company said this week that it will roll out an accounts payable solution using a virtual card payment method, a solution, Edenred noted, that “offers security, speed and traceability” for easier supplier payments and reconciliation.

Accounts Payable 55

Accounts Payable Accounting Reconciliations Finance 55

PYMNTS

MAY 24, 2016

The firm revealed the rollout of its commercial payment solution, TSYS Virtual Payment Precept (VPP), a virtual payment tool for accounts payable and accounts receivable to streamline reconciliation and heighten risk controls in the B2B payments space, the company said.

B2B 41

B2B Securities Accounts Payable Reconciliations 41

PYMNTS

JUNE 23, 2017

Enterprise Security. Reports said the key differentiator for AimBrain in the market is its ability to provide plug-and-play solutions so banks and FinTechs can deploy its services all at once or singularly; it also enables a business to enhance its biometric authentication measures should any red flags arise. Corporate Accounting.

B2B 68

B2B Marketing Reconciliations Auditing 68

PYMNTS

NOVEMBER 16, 2020

Mastercard has added a new Account-to-Account (A2A) service to its Track Business Payment Service , to help businesses exchange data more efficiently and perform payments across multiple rails, a press release says. The A2A features are already available in the U.S. The Track Business Payment Service was rolled out in the U.S.

Reconciliations 81

Reconciliations B2B Leverage Accounting 81

PYMNTS

JANUARY 28, 2021

As solution providers position innovative commercial payment solutions in the market, they're increasingly having to benefit both buyers and suppliers. Also tackling the challenge of a lack of supplier card acceptance is WEX, which has just announced a partnership with accounting platform MYOB in Australia.

Accounts Payable 61

Accounts Payable Reconciliations B2B Accounting 61

PYMNTS

JUNE 16, 2020

That’s true in terms of getting gig work solutions to market, and as a core characteristic of those solutions. Add accuracy and security to velocity and it makes a kind of “rule of threes” for the payments space today. Manual Reconciliation, Begone. This is where AP automation is stepping in.

Reconciliations 67

Reconciliations Invoicing Accounts Payable Auditing 67

PYMNTS

JULY 10, 2019

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

DECEMBER 8, 2017

The businesses will target mid-market business customers and create a B2B payments hub through Beanworks’ existing BeanPay platform. We’re thrilled to match the quality of Beanworks’ accounts payable automation user experience with a very modern portfolio of payment services.”.

B2B 40

B2B Marketing Accounts Payable Reconciliations 40

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

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

CFO Leadership

OCTOBER 10, 2023

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. AI is a tool and not a replacement for finance professionals.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

PYMNTS

MAY 14, 2018

Here’s the idea, according to reports in the Financial Times and elsewhere: The global airline industry — through the International Air Transport Association (IATA) — partners with Deutsche Bank to create a real-time electronics payment system that enables consumers to buy airline tickets through funds in their bank accounts.

Accounting 40

Accounting Banking Reconciliations Transportation 40

PYMNTS

OCTOBER 8, 2019

Visa has teamed up with business expense management firm Payment Logic to support the use of commercial cards in accounts payable for Australian businesses. Yak Pay is owned by Payment Logic, reports explained, with Visa providing product design and go-to-market strategy expertise. Reports in IT Wire on Monday (Oct.

Accounts Payable 57

Accounts Payable Reconciliations Accounting Startups 57

PYMNTS

JUNE 19, 2020

“Latin America is a highly attractive growth market for us, and the acquisition of Omni will significantly expand our capabilities in this important region,” the firm’s Founder and CEO Lex Greensill said in a statement. BizCapital targets SMBs in the market with an online platform for companies to access working capital.

B2B 73

B2B Startups Reconciliations Financial Data 73

PYMNTS

FEBRUARY 27, 2019

Faster payment schemes are advancing worldwide, with the global real-time payments market expected to increase at a compound annual growth rate (CAGR) of 32 percent between 2019 and 2025. Deep Dive: Security in the Time of Faster Payments. Elsewhere in the U.K., SafeCharge partnered with U.S.-based Get the full story in the Tracker.

Reconciliations 57

Reconciliations Risk Management Leverage Securities 57

PYMNTS

SEPTEMBER 16, 2020

PSD2 and open banking regulations were forged to accelerate competition in the financial services arena, and this week, a look at the latest initiatives reveals the opportunity for new market entrants to rival incumbents in the small business banking arena. Banking and accounting for U.K. Eedenbul Secures PSD2 License.

Banking 56

Banking Concentration Reconciliations Invoicing 56

PYMNTS

FEBRUARY 27, 2018

“Regardless of the reason, these methods can pose problems, including reduced spend visibility, making it difficult to both track and enforce policy compliance and to perform back-office functions, such as reconciliation and reimbursement as well,” said GBTA Foundation Director of Research Monica Sanchez in a statement when the report was published.

B2B 41

B2B Marketing Accounts Payable Reconciliations 41

PYMNTS

MARCH 6, 2020

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. In the meantime, PYMNTS gathered up a shortlist of the B2B FinTechs that were able to secure new funding as backers prepare for their next wave of support. and hoping to expand into Europe. At the same time, the U.S. Mailprotector.

B2B 80

B2B Startups Nonprofit Reconciliations 80

PYMNTS

MAY 4, 2020

Office closures and remote working mandates have created an uncomfortable wakeup call for accounts payable (AP) and accounts receivable (AR) departments that continue to rely on manual, paper-based processes. ” For suppliers, meanwhile, virtual cards offer enhanced security without having to alter card acceptance workflows.

Invoicing 66

Invoicing Accounts Payable Reconciliations B2B 66

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

JANUARY 9, 2020

When Sabre and Visa announced a new partnership in April to pair Visa virtual commercial cards with the Sabre Virtual Payments gateway , the goals were fairly big: create a virtual B2B travel payments solution that was faster, more secure and more transparent for buyers and suppliers. Securely Streamlining Payments .

B2B 57

B2B Reconciliations Securities Planning 57

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. to China within only a few hours in order to secure a PPE shipment for healthcare providers.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

DECEMBER 17, 2019

Paper checks are gradually shrinking their market share in the B2B payments landscape, yet the outdated payment tool remains in-use for up to 80 percent of businesses in the U.S., noted PYMNTS in a previous Faster Payments Tracker. Today, there are two key methods for how a company can address the pain point of checks. Checks are clunky.

B2B 52

B2B Reconciliations Compliance Accounting 52

PYMNTS

OCTOBER 17, 2017

17), Visa said it is tackling that issue through a new partnership with accounts receivable (AR) and cash management company Billtrust. Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

JUNE 11, 2020

Cash is king, and today, cash flow management is an imperative function for large corporations and small businesses — many of which continue to struggle with the market volatility and business disruption caused by the COVID-19 pandemic. One of the most critical factors in any decision is how secure a system is,” said Anderson.

B2B 52

B2B Accounts Payable Cash Flow Forecasting Reconciliations 52

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. Driving progress will be key not only to supporting the health of organizations' own cash flows, but to the broader market.

B2B 81

B2B Invoicing B2C Reconciliations 81

Future CFO

SEPTEMBER 17, 2020

In securities, financial institutions will benefit from improved reconciliation, reporting and asset servicing processes as well as end-to-end visibility of transactions to reduce settlement fails and fines, SWIFT added.

Benchmarking 40

Benchmarking Reconciliations Leverage Securities 40

PYMNTS

OCTOBER 14, 2020

Looking at Working Capital – and Security. Accounts payable and receivable used to be concrete, separate operations. Middle-market and larger companies (where the ERP landscape is fragmented) have more complex processes in place and need more data analytics to help them run more efficiently. Looking Ahead .

B2B 97

B2B Accounts Payable Reconciliations Economics 97

PYMNTS

MAY 7, 2020

Although a recent uptick in B2B payments innovation has accelerated corporates’ migration away from the paper check, old habits die hard, and the legacy payment tool remains a mainstay in the accounts payable (AP) department. “Checks will be around for a while. Preserving Check Workflows. The One-Off Payment Opportunity.

B2B 67

B2B Accounts Payable Reconciliations Accounting 67

PYMNTS

SEPTEMBER 19, 2018

A robotics process automation (RPA) startup has just secured a $3 billion valuation as B2B FinTech continues to explore how the technology will disrupt the market. A press release issued Tuesday (Sept. 18) said CapitalG and Sequoia Capital led the $225 million Series C round for UiPath.

Valuation 57

Valuation Accounts Payable Reconciliations Startups 57

PYMNTS

JANUARY 29, 2020

Time to market and cost are the primary challenges banks will face” in developing their own products. As Cichy explained, P2P is a particular hotbed of FinTech innovation today, making it even more difficult for banks to invest in developing their own solution — and launch them to market in time to remain competitive and relevant. “To

Banking 52

Banking Accounts Payable Vendor Management Reconciliations 52

PYMNTS

OCTOBER 27, 2016

26) its latest tool, APConnector, as a way to automate and digitize accounts payable, while integrating that process into existing ERP systems. “APConnector removes a primary barrier to virtual card adoption: accounts payable system integration,” explained Bob Kaufman, U.S. The bank announced Wednesday (Oct. “U.S.

Accounts Payable 62

Accounts Payable Reconciliations Treasury B2B 62

PYMNTS

JUNE 9, 2020

With accounts payable (AP) departments no longer able to step into their offices to print, sign and send checks, supplier payments quickly moved to the center of companies’ modernization discussions. But according to Anderson, there are other ways corporates can further mitigate the friction of modernizing accounts payable.

Accounts Payable 53

Accounts Payable Reconciliations CFO Accounting 53