Remove Accounts Payable Remove Cash Management Remove Finance Remove Financial Data
article thumbnail

Open Banking Adds Intelligence To Treasury Management

PYMNTS

As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. Despite the data challenge, pressures on CFOs and treasurers continue to mount.

article thumbnail

Why Corporate Banks’ Should Seize Purchase-To-Pay Data Opportunity

PYMNTS

Another major hurdle unique to the purchase-to-pay space is the process’s deep touch points with an array of other back-office functions within the enterprise, including vendor management, product sourcing, accounts payable, accounting, inventory management, contract management, manufacturing and distribution, and more.

Banking 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How APIs Are Helping FIs Meet SMBs’ Payment Needs

PYMNTS

Businesses tap myriad digital solutions and contract with numerous companies to keep their operations’ finances running smoothly. This complicated process can involve everything from accounting and invoicing software to bank accounts. APIs that improve cash management are in strong demand among Wells Fargo’s business clients.

article thumbnail

In Payments Automation, Don’t Forget Accounts Receivable

PYMNTS

In B2B payments, accounts payable automation is a hot topic, as are the challenges AP professionals face when it comes to paying suppliers and managing the data from those transactions. SMEs are hit even harder by long payment terms that clock in at an average of 72 days, the Asset Based Finance Association found.

article thumbnail

ERP Data On The Front Lines Of Blockchain Adoption

PYMNTS

Cross-border payments, trade finance, smart contracts — blockchain has the potential to disrupt B2B processes, but FinTech players are only beginning to take these concepts onto a real-world stage. For one firm, Finlync , the key to unlocking the potential of blockchain in B2B processes is unlocking the underlying data of that activity.

SAP 57
article thumbnail

How Restaurant AP Grows Value With The Front-Office POS

PYMNTS

With notoriously tight margins, continued reliance on cash and paper and products that are easily perishable or damaged, restaurants face a slew of hurdles in managing cash flow and gaining visibility into their current cash positions. The terms of the deal weren’t released.

article thumbnail

How To Capture The ‘Holy Grail’ Of Small Biz Cash Flow

PYMNTS

Wave’s approach to enhancing SMBs’ handle on cash management is a bit different. This unified platform keeps all of the data across these metrics in a single place, making it easier part time accountant or bookkeeper come tax time, Sand bringing cash flow predictability much closer to the small business.