Remove Accounts Payable Remove Leverage Remove Reconciliations Remove Treasury
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Back Office Is Front And Center In Optimization Wave

PYMNTS

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.

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Partnerships Drive B2B Payments Digital Transition

PYMNTS

But careful examination of what tech is needed — and where — can result in positive ripple effects that improve operations well beyond the corporate treasury department. Cost is only one consideration. Banks have been creating their own IT scripts and technology stacks for decades. Where The Banks Are Focused .

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To Modernize B2B Payments, Break Down The Silos Between AP And AR

PYMNTS

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. Trusted Partnerships – FinTechs And Marketplaces.

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AI Rides To Rescue Of Analog Accounting Processes

PYMNTS

Using advanced analytics in the service of cash flow can be a significant aid as treasury operations and AR operations are converging at a rapid clip, Shields noted — which means treasury officials can make better decisions about working capital and how cash needs may be changing within a company (optimizing ongoing operations).