PYMNTS

DECEMBER 31, 2019

Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner. The negative impact that these increasingly outdated methods have on both senders and receivers has mostly been ignored, however. Manual processing challenges.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61

PYMNTS

DECEMBER 11, 2019

Yet, as innovators have chip away at friction points, they have recognized the value of incorporating a supplier’s accounts receivable (AR) experience into their solutions. That’s because AR and accounts payable (AP) processes are intrinsically connected. This enables more robust cash application planning.

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

JANUARY 14, 2020

percent are either currently implementing RTP or plan to do so within the next three years. In this sense, RTP may be seen as an integral part of wider efforts to streamline treasury and accounts payable operations, as well as shed the inefficiencies of manual and paper-based processes. Indeed, 85.3 percent in 2018.

Accounts Payable 53

Accounts Payable Reconciliations Construction Treasury 53

PYMNTS

JANUARY 13, 2021

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).

Accounting 94

Accounting Invoicing B2B Treasury 94

PYMNTS

DECEMBER 18, 2019

Citi is one of those players, having recently rolled out a string of business payment solutions with a focus on global accounts payable and accounts receivable. Corporate payments aren’t just about sending funds from one business to another, though.

B2C 52

B2C Accounts Payable B2B Accounting 52

PYMNTS

AUGUST 13, 2019

Whether from accounts payable, accounts receivable, internal reconciliation, mergers and acquisitions or other financial processes that occur across borders, corporates often execute thousands-upon-thousands of micro-transactions per day, said Gelis, and often, they’re all hedged manually. said Gelis.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

APRIL 14, 2017

To get to the bottom of this troubling data, AFP Manager, Treasury & Payments Magnus Carlsson discussed the findings with PYMNTS. We actually see a decrease, overall, of these protective measures,” Carlsson noted, adding that daily reconciliation and other internal controls can help to combat check fraud.

B2B 40

B2B Accounts Payable Education Reconciliations 40

PYMNTS

SEPTEMBER 4, 2018

In its “ The road to real-time treasury ,” Deutsche Bank urges treasurers to get ready for a world of real-time transacting. Deutsche Bank noted that this can have multiple positive impacts on corporate treasury, including faster cross-currency payments, faster FX exposure management, and faster actions taken to address FX volatility.

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

APRIL 17, 2018

It caught the Treasury Department, which oversees financial services regulation for the cannabis sector via its FinCEN (Financial Crimes Enforcement Network) branch, off-guard. He cited the Affordable Care Act, which requires businesses with more than 50 employees to provide benefit plans. “If It creates a very unsafe environment.”.

Accounts Payable 40

Accounts Payable Compliance Banking Reconciliations 40