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Nordea , which wins two awards this year, as both Best Fraud Detection Solution and Best Bank for Treasury FX Services, has developed a new secure CashManagement self-service request. Payable , another double winner, takes both Best Cash Forecasting Solution and Best Treasury Analytics Provider.
Lisa Lansdowne-Higgins, vice president of business deposits and treasury solutions at the Royal Bank of Canada (RBC), recently told PYMNTS that these three disruptors have a significant opportunity to shake up accountspayable processes thanks to the impact they have on data. Open Banking. Bank-FinTech Collaboration.
RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accountspayable, accounts receivable, cash flow management and more. Automation Anywhere. Purpose Financial LP led the funding round, reports said.
One of the areas ready for real-time disruption is foreignexchange (FX) management, which is “the road to real-time treasury,” according to the report. Real-time payment capabilities enable businesses to take advantage of faster currency conversions and real-time FX rate management.
“From a cost standpoint, there is significantly more friction doing business cross-border than there is domestically,” he stated, “from the coordination between buyer and seller, accountspayable and accounts receivable processes and being able to coordinate information flow with money flow.”. Payments And Data Become One.
Meanwhile, AvidXchange, which provides accountspayable and automation solutions for corporations, also landed among the elite with a $225 million funding round led by Bain Capital in September. Affirm, for instance, secured $275 million last May and, soon after, announced plans to link businesses operating over Shopify with financing.
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