PYMNTS

SEPTEMBER 17, 2019

Instead, taking a look at the latest solutions to emerge on the market shows various applications for speed in commercial transactions, from faster deposits for small businesses, to virtual cards enabling faster invoice payments for suppliers. Chase Accelerates SMB Bank Deposits. FinTechs Move Money To Vendors Faster.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

PYMNTS

FEBRUARY 28, 2020

Purchase, invoice and transaction data are invaluable to the journey of digitization and automation, but organizations are increasingly recognizing that the value can only be realized if that data can integrate seamlessly across platforms. “This combination increases data accuracy, and shortens payment cycles.”

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

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

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. Plus, Medius collaborates on invoice management, TravelPerk acquires NexTravel, and Sweep lands funding for T&E tools. 13) announcement.

B2B 56

B2B Accounts Payable Banking Invoicing 56

PYMNTS

NOVEMBER 11, 2020

The Playbook also calls out “three-way invoice matching — in which staff must compare invoices to purchase orders and goods received notes,” and the frustrations that brings, but automation can reduce these stresses by matching these invoices automatically. Platforms Streamlining Mass Payables.

Accounts Payable 87

Accounts Payable Invoicing Treasury Reconciliations 87

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

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.”.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

PYMNTS

SEPTEMBER 28, 2020

This week's B2B Data Digest looks at the latest figures behind such fraud targeting corporate finance teams. 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. Barrenechea in a statement.

Accounts Payable 96

Accounts Payable Invoicing Treasury B2B 96

PYMNTS

OCTOBER 19, 2020

While efficiency brought on by digitization and the treasury function can both play a vital role in helping a business bolster working capital, banks can play a role, too. Banks can provide alternative, low-cost and less document-intensive forms of financing, like supply chain financing,” Gupta said. Supply Chain Financing.

Finance 60

Finance Banking Accounts Payable Invoicing 60

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. B2B invoices generally take 37.4 Corporate Treasury Needs More Love. are still conducted with checks.”. APIs Fostering Connectedness.

Treasury 64

Treasury Accounts Payable B2B Invoicing 64

PYMNTS

NOVEMBER 21, 2018

With pressure mounting for the enterprise to digitize, accounts payable automation is seen as a crucial part of achieving greater efficiency, cost savings, visibility into spend and strengthening of vendor relationships, to name a few benefits. But when it comes to money, businesses may be reluctant to hand the reins to a third party.

Accounts Payable 63

Accounts Payable Invoicing Reconciliations Accounting 63

PYMNTS

FEBRUARY 6, 2020

Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods. The company raised $15 million in 2018 in a debt financing funding round. percent of AP professionals would like to implement electronic invoice solutions, 35.8

Banking 67

Banking Accounts Payable B2B Invoicing 67

PYMNTS

JANUARY 8, 2021

PayJunction Debuts Digital Invoicing for Virtual Terminal Clients. Payment processing technology developer PayJunction has rolled out a digital invoice function for companies that harness its virtual terminal offering, according to a Thursday (Jan. Fides Expands Connectivity for Finance Professionals. 7) announcement.

B2B 86

B2B Treasury Invoicing Finance 86

PYMNTS

MAY 1, 2019

Corporate treasury technology company HighRadius is rolling out a new cash flow forecasting solution developed using artificial intelligence (AI) technology. HighRadius said that legacy strategy is “crippling corporate treasurers from making confident short-term and long-term debt and investment decisions.”

Forecasting 40

Forecasting Cash Flow Forecasting Treasury Accounts Payable 40

PYMNTS

APRIL 29, 2016

Accounts payable departments can use the strategy set to identify dynamic discounting opportunities, optimize their payment terms, streamline reporting and data capture and access supply chain finance. Accounts payable and procurement are partnering with treasury to look at cash management more holistically,” the executive said.

Cash Management 40

Cash Management Accounts Payable Treasury Invoicing 40

PYMNTS

NOVEMBER 4, 2019

Invoice and purchase order manipulation, company credit card abuse and fraudulent use of company checks all surface as cautionary tales for corporates’ internal financial processes. consumers in the first half of 2019 , according to new analysis from Parliament’s Treasury Select Committee. 777 million was stolen from U.K.

Accounts Payable 40

Accounts Payable Invoicing Healthcare Treasury 40

PYMNTS

FEBRUARY 24, 2020

Separate research from Coveware found companies paid an average of $84,116 to recover their files in Q4 2019, reports said, adding that public entities accounted for about one-tenth of 2019’s cases. Analysis of BEC complaints filed in 2019 found that BEC scams accounted for nearly half of the $3.5

Construction 65

Construction B2B Accounts Payable Invoicing 65

PYMNTS

JANUARY 16, 2020

Solution providers in accounts payable (AP) and accounts receivable (AR) are increasingly servicing not only their corporate customers, but their customers’ own business partners with their technologies. At what point in the workflow can I prevent an invoice from going past due in the first place?”.

Accounts Payable 56

Accounts Payable Invoicing Treasury Education 56

PYMNTS

JUNE 30, 2016

The perception of the role of Accounts Payable among professionals has moved up a notch, according to Ardent Partners. Companies considered the AP unit as far less collaborative with the finance and treasury departments, researchers found. Professionals expect the accounts payable department to evolve.

Accounts Payable 41

Accounts Payable Invoicing Leverage Treasury 41

PYMNTS

JULY 28, 2020

Although the enterprise continues to accelerate its digitization efforts, chief financial officers keep hitting roadblocks when it comes to modernizing workflows regarding accounts payable (AP) and embracing electronic payments. Not so, says Meitra Aycock , senior vice president of operations at Comdata.

B2B 70

B2B Reconciliations Accounts Payable Prioritization 70

PYMNTS

JUNE 25, 2020

Many of these questions are essential to the chief financial officer, treasurer and finance departments within an organization as they map out their own liquidity and cash flow resiliency strategies. Liquidity Resiliency Through Technology. Mitigating Risk.

Cash Flow Forecasting 60

Cash Flow Forecasting Planning Treasury Forecasting 60

PYMNTS

MAY 11, 2018

The potential cannot be ignored, however – particularly in the finance department, where information from accounts payable, accounts receivable, treasury and accounting hold the keys to insight into cash flow, predictable payment behavior and new opportunities to boost the bottom line. ”

Accounts Payable 40

Accounts Payable Treasury SAP Forecasting 40

PYMNTS

SEPTEMBER 27, 2019

Offering corporate users, CFOs, accountants and other finance professionals on demand, Paro, based in the U.S., Paro aims to simplify the talent search process for businesses in need of finance expertise, while connecting those businesses and professionals with automated finance technology to boost their productivity.

B2B 59

B2B Accounts Payable Startups Advertising 59

PYMNTS

JULY 10, 2020

Money, therefore, remains tight, and SMBs need fast and precise insights into their finances and processes to help them make more informed spending decisions. Companies receiving paper invoices must first extract and record data from these documents, meaning they cannot quickly flow the relevant information into their systems.

Invoicing 55

Invoicing Budgeting Leverage Treasury 55

PYMNTS

SEPTEMBER 26, 2018

With adoption rates now rising, accounts payable (AP) departments have improved their positions within the enterprise as strategic functions, with the potential to offer greater insight into company operations. less to process a single invoice. Invoice processing is also an average of 7.5

Accounts Payable 64

Accounts Payable Accounting Invoicing B2B 64

PYMNTS

JUNE 13, 2016

88% of finance professionals anticipate a rise in payments fraud , said TD Bank in its latest analysis. Misconduct involving corporate finances, however, almost always resulted in termination. 57% of treasurers across verticals have no strategy to protect their firms against payments fraud.

Accounts Payable 41

Accounts Payable Corporate Finance Treasury Invoicing 41

PYMNTS

APRIL 12, 2017

Future appetite for finance does, though, remain lower than previously seen.”. CFOs can streamline the global payments process by instituting modern accounts payable systems, like a global ePayments platform. Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas.”.

Accounts Payable 40

Accounts Payable Treasury Invoicing Planning 40

PYMNTS

JANUARY 26, 2017

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. They see their invoice data as a financial instrument and want real-time visibility on this. However, this is changing.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

MAY 31, 2018

Israch said it’s time for the finance sector to step up and lead the way on tax compliance, and automation can help. Michael Praeger, CEO and co-founder of AvidXchange , said it’s past time to bring automation into the space to optimize invoice management and payment processes. AvidXchange.

Startups 43

Startups Compliance Accounts Payable Invoicing 43

PYMNTS

MAY 31, 2018

Israch says it’s time for the finance sector to step up and lead the way on tax compliance, and automation can help. Michael Praeger, CEO and co-founder of AvidXchange , says it’s past time to bring automation into the space to optimize invoice management and payment processes. AvidXchange.

Startups 40

Startups Compliance Accounts Payable Invoicing 40

PYMNTS

APRIL 1, 2016

Bank’s head of receivables solutions for treasury management. Today, a paper check is accompanied by a document that tells the suppliers what the buy is paying for — for these goods or for this invoice, etc.,” The B2B payments space, on the other hand, not so much.

B2B 41

B2B Accounts Payable B2C Banking 41

Simply Treasury

SEPTEMBER 9, 2020

Treasury management is “anticipation”. The bond market would appear to compensate for this lack, as do stock-market issues, although these are on the decline or still at an exceptionally low level, after a financial earthquake unique in the history of modern finance. Unfortunately, invoices do not get paid in profit, but in cash.

Cash Flow Forecasting 130

Cash Flow Forecasting Forecasting Treasury Budgeting 130

PYMNTS

OCTOBER 21, 2019

Bank of America is rolling out a new solution for professionals in accounts payable departments to automatically choose which payment method to pay their suppliers. The solution supports commercial card, wire, and ACH payment rails, or can also initiate supply chain financing for invoice payments.

Accounts Payable 40

Accounts Payable Banking Treasury B2B 40

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. Bank , each of which launched new accounts payable (AP) offerings that impact the biller-side of the transaction.

Accounts Payable 40

Accounts Payable B2B Invoicing Reconciliations 40

PYMNTS

NOVEMBER 17, 2017

At least, that’s according to a report from the EuroFinance Corporate Treasury Network published last month, which found less than half of corporate treasurers say having the ability to make a real-time payment is a priority. Kosten Metreweli, CCO of Modulr Finance , which operates an API-driven payments platform, says the U.K.’s

Accounts Payable 41

Accounts Payable B2B Treasury Invoicing 41

Planful

JANUARY 3, 2017

Accounts payable. Accounts receivable and collections management. Treasury and cash management. General ledger accounting. Plus, EPM systems provide flexible reporting tools that allow Finance users to easily create and produce a wide variety of financial and management reports, with no IT support.

General Ledger 40

General Ledger Budgeting Forecasting Cash Flow Forecasting 40

CFO Talks

DECEMBER 26, 2021

Before that, Daniel was a finance lead and senior project manager at the world’s largest brewer, Anheuser Busch in the Czech Republic, which, of course, is fairly well known to South Africans. After my degree I got employed by a company called Fox5 as a finance manager and worked there for five years.

Manufacturing 75

Manufacturing CFO Budgeting IFRS 75