PYMNTS

FEBRUARY 28, 2020

As such, B2B FinTech firms continue to embrace collaboration and data integration between each other, particularly as the financial services world at large continues its migration toward unlocking data in an Open Banking framework. Going Further With Open Banking. Cichy said he sees the opposite happening today, though.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

NOVEMBER 9, 2020

I think when the pandemic hit in early March, it really put a gun to the head of many companies by taking what have been Byzantine processes around accounts payable or accounts receivable and moving to much more digital means,” Jay Dearborn , president, corporate payments of WEX Inc. told PYMNTS. And apparently, he’s not alone.

Accounts Payable 109

Accounts Payable B2B Treasury Accounting 109

PYMNTS

FEBRUARY 6, 2020

Chicago-based Signature Bank is rolling out a technology platform called Finrails AP to simplify B2B payments, the company announced on Thursday (Feb. Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods.

Banking 67

Banking Accounts Payable B2B Invoicing 67

PYMNTS

JANUARY 14, 2021

Today in B2B payments, Citi announces its news Treasury and Trade Solutions (TTS) head, while Rho lands new funding and adds accounts payable to its business banking technology. Citi Taps Khaliq to Lead Treasury and Trade Solutions. Medius and Pagero Team on Digital Invoice Management. “The Sweep Raises $1.2

B2B 56

B2B Accounts Payable Banking Invoicing 56

PYMNTS

SEPTEMBER 17, 2019

Chase Accelerates SMB Bank Deposits. SMBs using the WePay platform can now see funds deposited into their Chase bank accounts the same day without extra fees, a feature resulting from JPMorgan ’s acquisition of WePay in late-2017. Community Banks Go Real Time. FinTechs Move Money To Vendors Faster.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

Future CFO

FEBRUARY 13, 2023

Having an experienced succession of crises since the beginning of 2020, FutureCFO asked two finance leaders their views on the challenges facing treasury and cash management during the pandemic and coming out of it. What is the biggest change to the Treasury and Cash Management (TCM) function brought about by the pandemic?

Treasury 98

Treasury Cash Management Restructuring Accounts Payable 98

PYMNTS

SEPTEMBER 18, 2018

TD Bank is announcing a FinTech collaboration today (Sept. The bank said it is integrating Paymode-X technology from Bottomline Technologies into its corporate banking offering. ” This is TD Bank’s latest FinTech collaboration targeting the corporate segment. . bank to work with BizEquity.

Banking 62

Banking Accounts Payable B2B Valuation 62

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. Open Banking. While Canada has not yet enacted open banking regulatory requirements, much like the U.S.,

B2B 62

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

PYMNTS

JANUARY 14, 2021

Plus, new concerns mount in Sweden over the rise of Central Bank Digital Currencies and their implications for the traditional banking system. Wells River Savings Bank Joins The RTP Network. Modern Treasury Raises Funding To Accelerate B2B Payments. Modern Treasury Raises Funding To Accelerate B2B Payments.

Accounts Payable 62

Accounts Payable Treasury Currencies B2B 62

PYMNTS

FEBRUARY 22, 2019

The relationship between FinTechs and banks has been complicated, with relatively young upstarts competing with established financial institutions in a new and growing world of digital payments and commerce. But, in fact, banks and FinTechs may make for the perfect marriage, as each works to leverage their unique strengths and opportunities.

Banking 82

Banking Accounts Payable Treasury Compliance 82

PYMNTS

MAY 16, 2016

Between treasury management, accounting, invoicing, cash management and all the other money tools corporates have access to today, it’s a wonder CFOs can keep their heads on straight. It’s changed the game, not only for corporate clients but for the FinTech players developing and offering these treasury solutions.

Treasury 41

Treasury Cash Management Accounts Payable Invoicing 41

PYMNTS

SEPTEMBER 28, 2020

21 percent of business leaders say payment authorization and authentication are requirements when choosing a treasury management platform , a report by Citizens Commercial Banking found. million was stolen from one company via accounts payable (AP) fraud , the Chicago Tribune reported. 45 percent of U.S.

Accounts Payable 96

Accounts Payable Invoicing Treasury B2B 96

PYMNTS

DECEMBER 1, 2020

We discover a basic truth upon reading PYMNTS November 2020 CFO’s Guide To Digitizing B2B Payments done in collaboration with Comdata : many treasury operations need digital triage. with more than 140 American banks implementing such payments so far this year — an increase of more than 500 percent since September 2019.

Treasury 64

Treasury Accounts Payable B2B Invoicing 64

PYMNTS

SEPTEMBER 18, 2018

When it comes to treasury market offerings, banks have historically started wholesale and retail lockbox businesses. In turn, a company may receive a deposit in their bank account a couple of days later and have to pull the remittance information from the supplier site.

Banking 68

Banking Accounts Payable Treasury Invoicing 68

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

OCTOBER 19, 2020

Economic challenges brought on by the COVID crisis have heightened the need for businesses to manage supply chains more efficiently, and in many cases that means turning to banks for the help they need. Banks can provide alternative, low-cost and less document-intensive forms of financing, like supply chain financing,” Gupta said.

Finance 60

Finance Banking Accounts Payable Invoicing 60

PYMNTS

NOVEMBER 8, 2019

Bottomline Technologies reported fiscal first-quarter results that showed continued traction in areas of digital banking and accounts payable (AP) technologies. Management also noted that digital banking subscription revenue growth slightly outpaced the top line at 17 percent, where subscription revenues were $18.4

Banking 43

Banking Accounts Payable Healthcare Treasury 43

PYMNTS

FEBRUARY 1, 2021

Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. Businesses that want to get these kinds of AR and AP updates and streamline their reconciliation processes may turn to banking partners for help.

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

PYMNTS

DECEMBER 28, 2020

And as FinTechs continue to challenge banks, but also offer new opportunities within the B2B space, they’re advancing a corollary to the build vs. buy question: How about partnerships? Banks have been creating their own IT scripts and technology stacks for decades. Where The Banks Are Focused . Cost is only one consideration.

B2B 86

B2B Accounts Payable Treasury Reconciliations 86

PYMNTS

NOVEMBER 10, 2020

Businesses of all sizes struggle with capital management, regardless of whether they employ staff or seek out third parties to handle their cash flows, accounts payable (AP) and accounts receivable (AR) processes and other related tasks. Factors Affecting Working Capital Needs. Automating Capital Management.

Accounts Payable 87

Accounts Payable Invoicing Treasury Sales 87

PYMNTS

SEPTEMBER 4, 2018

In a new report released from Deutsche Bank’s Global Transaction Banking unit, analysts noted that faster payments are shifting treasurers to embrace real-time processes. One of the areas ready for real-time disruption is foreign exchange (FX) management, which is “the road to real-time treasury,” according to the report.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

SEPTEMBER 25, 2020

We have deep dives on the financial health of Main Street small and medium-sized businesses (SMBs), digital accounts payable (AP), and GoodRx ’s initial public offering (IPO). . FinCEN Files Show Banks’ Use Of AI And Machine Learning Effective In KYC/AML . 23) after the firm had an IPO at $33 per share. 22) at the earliest.

Accounts Payable 61

Accounts Payable Treasury Construction Accounting 61

PYMNTS

SEPTEMBER 29, 2020

Accounts payable (AP) is undergoing its own digital shift as companies modernize a B2B payments ecosystem that until recently was surprisingly paper-based despite five solid years of serious innovations on the part of financial institutions (FIs) and FinTech.

Accounts Payable 66

Accounts Payable B2B Treasury Accounting 66

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

NOVEMBER 25, 2020

This could mean adopting new accounts payable (AP), accounts receivable (AR) and other treasury strategies and technologies, for example. The Deep Dive examines how technologies like application programming interfaces (APIs) and webhooks can help firms and their banks overcome these hurdles. About The Report.

Invoicing 95

Invoicing Accounts Payable B2B CFO 95

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

SEPTEMBER 15, 2020

Postal Service have added yet another hurdle to the payment method, which can affect everything from accounts payable (AP) to payroll to insurance disbursements. First Horizon Mixes Rails for Faster Treasury Payments. Mastercard Leads Central Bank Digital Currency Test.

Currencies 105

Currencies Accounts Payable Treasury B2B 105

PYMNTS

DECEMBER 30, 2019

In a recent interview with PYMNTS, Carrera explored what it will take for both banks and businesses to close the middle-market commercial card gap. If you look at any banking website, it’s small business, corporate or treasury, and consumer,” said Carrera. “On Yes, banks need to be pushing awareness,” Carrera said.

Marketing 53

Marketing Banking Accounts Payable Education 53

PYMNTS

MAY 17, 2018

Once less than friends with FinTechs, it looks like big banks are warming to the concept of collaboration with the relatively nimbler tech upstarts. digital operations head Edward Achtner said that the bank has been eyeing such efforts as partnerships. In addition, the company has partnerships in place with several banks.

Banking 43

Banking Accounts Payable Treasury Currencies 43

PYMNTS

JANUARY 7, 2021

Rather than the transaction originating within an enterprise resource planning (ERP) or treasury management system, application programming interfaces (APIs) have shifted the perception of where a payment starts and ends. As Thakur noted, the opportunity to consolidate complex systems through treasury and banking integrations is vast.

B2B 97

B2B Accounts Payable Treasury Corporate Finance 97

PYMNTS

APRIL 30, 2019

This challenge often emerges with small businesses (SMBs) that are not large enough to fit into a bank’s corporate and treasury services unit, and are, therefore, forced into being serviced with consumer-targeted products. The financial services space often encounters the conundrum of trying to fit a square peg in a round hole.

Corporate Finance 61

Corporate Finance Accounts Payable Finance Invoicing 61

PYMNTS

JANUARY 8, 2021

debt collectors seek a bigger role in recovering SMB aid, Fides expands bank connectivity for treasurers and jobless claims dip slightly. The suite gives corporate treasury and finance professionals a new level of visibility into banking transactions and connections, with a security measure no matter where it's accessed.

B2B 86

B2B Treasury Invoicing Finance 86

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 31, 2019

The PYMNTS December 2019 Next-Gen AP Automation Tracker details explosive innovation in real-time payments for business, driven in no small part by accounts payable (AP) professionals. Close to one-quarter of AP pros surveyed also want to bring ePayables and virtual cards online for treasury operations. Digitize to Actualize.

Accounts Payable 54

Accounts Payable Treasury Invoicing Accounting 54

PYMNTS

DECEMBER 31, 2019

Bottomline’s 2019 B2B Survey Payments Report finds that manual processing is the second-most pressing obstacle for treasury departments and the biggest challenge faced by small businesses. 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

JUNE 26, 2018

At present, payroll and gig worker payments may be the most emphasized use cases for faster payments capabilities in the corporate world, with fewer experts expecting payments acceleration to gain traction in accounts payable and supplier payment scenarios. A recent survey of 20 of the top 60 U.S. Lessons From Integrated Receivables.

Banking 46

Banking B2B Accounts Payable Treasury 46