PYMNTS

FEBRUARY 1, 2021

If at that time, someone would have asked Citi Managing Director and Global Head of Domestic Payments and Receivables Anupam Sinha how long it would take for corporate treasury organizations to fully embrace digital , he said his answer would likely have been something along the lines of, “Don’t hold your breath.”. he explained.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

PYMNTS

NOVEMBER 11, 2020

Back office modernization is in the spotlight like never before, and solutions that streamline accounts payable (AP) and accounts receivable (AR) functions are in high demand. Many changes in liquidity demands are seasonal, such as around the holidays, when businesses see higher sales and inventory reordering.

Accounts Payable 87

Accounts Payable Invoicing Treasury Reconciliations 87

PYMNTS

OCTOBER 27, 2016

Bank’s latest offering for corporate treasurers aims to simplify the shift from manual to virtual B2B payments. The bank announced Wednesday (Oct. 26) its latest tool, APConnector, as a way to automate and digitize accounts payable, while integrating that process into existing ERP systems. Bank, reports said.

Accounts Payable 62

Accounts Payable Reconciliations Treasury B2B 62

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 31, 2019

Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner. Businesses can also look beyond their banks’ traditional solutions. Manual processing challenges.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61

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. APIs are also very useful for bank customers in defined verticals like real estate and healthcare, that perform specialized transactions frequently.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

JULY 16, 2019

The embrace of the cloud has opened up the opportunity for procurement, travel and expense management, treasury management and other corporate financial platforms to integrate and embed the payments function directly within that solution. procurement), and its related payments (i.e., the function of payment a vendor).

B2B 60

B2B Accounts Payable Treasury Reconciliations 60

PYMNTS

DECEMBER 18, 2019

Citi is one of those players, having recently rolled out a string of business payment solutions with a focus on global accounts payable and accounts receivable. Meanwhile, for users who don’t use traditional bank accounts, this partnership provides “an opportunity to create a liquid conduit to accept that money.”

B2C 52

B2C Accounts Payable B2B Accounting 52

PYMNTS

APRIL 11, 2017

That includes line-item details, Visa said, with that data able to integrate into reconciliation tools. Visa’s collaboration with Amazon Business and our bank partners will ultimately help our commercial account holders in the U.S.

Reconciliations 40

Reconciliations B2B Auditing Treasury 40

PYMNTS

AUGUST 13, 2019

Whether from accounts payable, accounts receivable, internal reconciliation, mergers and acquisitions or other financial processes that occur across borders, corporates often execute thousands-upon-thousands of micro-transactions per day, said Gelis, and often, they’re all hedged manually. China trade wars.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

JANUARY 26, 2017

Blockchain, said Finlync, “will bring parties such as the buyer, seller, buyer’s bank [and] seller’s bank onto the same value chain,” which enables real-time transmission and analysis of data between these players. For this to work,” the firm continued, “the buyer and seller must be an active part of this value chain.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

APRIL 14, 2017

To get to the bottom of this troubling data, AFP Manager, Treasury & Payments Magnus Carlsson discussed the findings with PYMNTS. We actually see a decrease, overall, of these protective measures,” Carlsson noted, adding that daily reconciliation and other internal controls can help to combat check fraud.

B2B 40

B2B Accounts Payable Education Reconciliations 40

PYMNTS

SEPTEMBER 4, 2018

A new report from Deutsche Bank suggests that even if adoption of accelerated payments remains muted for corporates, the trend is still affecting the enterprise and how it manages money — a fact that corporate treasurers must pay particular attention to. It’s not huge, but it’s not dismissible, either.

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

OCTOBER 20, 2020

In the bid to modernize B2B payments , accounts receivable (AR) and accounts payable (AP) need to work together. Bloh said that direct connectivity can enable real-time confirmation of invoice information and real-time reconciliation of payments, among other activities. How to get there?

B2B 104

B2B Accounts Payable Treasury Invoicing 104

PYMNTS

OCTOBER 22, 2019

Corporate financial services providers taking aim at accounts payable friction this week pulled double-duty with new tools that also addressed friction for clients’ suppliers. It’s a multitasking strategy that was deployed by Bank of America , Bill.com and U.S. Bank of America Optimizes Payment Choice. Finally, U.S.

Accounts Payable 40

Accounts Payable B2B Invoicing Reconciliations 40

PYMNTS

APRIL 17, 2018

It caught the Treasury Department, which oversees financial services regulation for the cannabis sector via its FinCEN (Financial Crimes Enforcement Network) branch, off-guard. He recently told PYMNTS that the federal government does not have to legalize marijuana in order for businesses to get banked. They need to run compliance.

Accounts Payable 40

Accounts Payable Compliance Banking Reconciliations 40