PYMNTS

JUNE 25, 2020

But whether it’s a pandemic or a natural disaster, it’s really important to think through your resiliency plan.”. Just as with business continuity strategies, developing a resiliency plan must include an enterprise-wide scope and take into account the many unknowns that create only one certainty: Volatility will continue.

Cash Flow Forecasting 60

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

Treasury 64

Treasury Accounts Payable B2B Invoicing 64

PYMNTS

SEPTEMBER 23, 2020

There are three new features — Intelligent Collections, Intelligent Vendor Management and Intelligent Planning — which are intended to remove time-wasting steps and friction and improve cash flow for corporate finance teams, the release stated.

Corporate Finance 70

Corporate Finance Finance Cash Flow Forecasting Vendor Management 70

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. Citi Taps Khaliq to Lead Treasury and Trade Solutions. Medius and Pagero Team on Digital Invoice Management. Sweep Raises $1.2

B2B 56

B2B Accounts Payable Banking Invoicing 56

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

NOVEMBER 11, 2020

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.

Accounts Payable 87

Accounts Payable Invoicing Treasury Reconciliations 87

PYMNTS

JUNE 19, 2020

” The senators told Treasury Secretary Steven Mnuchin about their plan to advance the proposal during a recent Small Business Committee. Mnuchin told lawmakers he would be open-minded about the plan, the report said. . “Even as closures are ending, countless Delaware businesses are struggling to survive this crisis.”

Prioritization 91

Prioritization Accounts Payable Treasury Economics 91

PYMNTS

SEPTEMBER 15, 2020

Postal Service have added yet another hurdle to the payment method, which can affect everything from accounts payable (AP) to payroll to insurance disbursements. First Horizon Mixes Rails for Faster Treasury Payments. Emirates NBD Consolidates Global Payments Infrastructure.

Currencies 105

Currencies Accounts Payable Treasury B2B 105

PYMNTS

DECEMBER 28, 2020

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 .

B2B 86

B2B Accounts Payable Treasury Reconciliations 86

PYMNTS

MAY 1, 2020

In point of fact, most businesses of any size have a hybrid treasury-accounting back office where digital tools and paper instruments coexist. Many businesses still generate paper checks from the setup of their accounting systems,” Michael Reed, general manager of payments at Deluxe, told PYMNTS. Paper Wait.

B2B 52

B2B Accounts Payable Accounting Treasury 52

PYMNTS

OCTOBER 27, 2016

26) its latest tool, APConnector, as a way to automate and digitize accounts payable, while integrating that process into existing ERP systems. “APConnector removes a primary barrier to virtual card adoption: accounts payable system integration,” explained Bob Kaufman, U.S. The bank announced Wednesday (Oct.

Accounts Payable 62

Accounts Payable Reconciliations Treasury B2B 62

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

JANUARY 7, 2021

Rather than the transaction originating within an enterprise resource planning (ERP) or treasury management system, application programming interfaces (APIs) have shifted the perception of where a payment starts and ends.

B2B 97

B2B Accounts Payable Treasury Corporate Finance 97

PYMNTS

MAY 28, 2020

To automate accounts receivable (AR) for mid-sized companies, HighRadius has rolled out its RadiusOne A/R Suite. Currently, the network has millions of active businesses.

Technology 52

Technology Reconciliations Accounts Payable Credit Risk 52

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

APRIL 29, 2016

A new game plan for corporations’ procure-to-pay process has been released by APEX Analytics, a company that provides working capital optimization solutions. 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

JANUARY 8, 2021

Fides Treasury Services , which works in multibank connectivity and communications, has rolled out new details about its plans to extend its shop for corporate treasury and finance solutions, according to a press release. The Treasury has faced questions as of late over how to minimize the losses for taxpayers under the scheme.

B2B 86

B2B Treasury Invoicing Finance 86

PYMNTS

DECEMBER 31, 2019

Bottomline’s 2019 B2B Survey Payments Report finds that manual processing is the second-most pressing obstacle for treasury departments and the biggest challenge faced by small businesses. Navigating the sheer multitude of options and matching information across several companies’ systems can be challenging. Manual processing challenges.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61

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

FEBRUARY 6, 2019

Blackbaud Purchase Cards are designed for “social good organizations” to digitize their accounts payable processes and enhance spend management for employees. Palmer published last year in Treasury & Risk found p-card spending has elevated to more than $350 billion a year in less than three decades.

Accounts Payable 49

Accounts Payable Treasury Invoicing Banking 49

PYMNTS

APRIL 10, 2020

More sophisticated tools can empower teams to more accurately predict cash flows and guide their organizations’ growth strategies, with opportunities to collaborate across procurement, accounts payable, accounts receivable, treasury and beyond.

Corporate Finance 87

Corporate Finance Accounts Payable Finance Treasury 87

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

Accounts Payable 53

Accounts Payable Reconciliations Construction Treasury 53

PYMNTS

DECEMBER 6, 2018

As much as 37 percent of companies plan to adopt the solution in the next three years, and 33 percent expect their usage of ePayables to increase during that same time. When it comes to B2B payments, no one knows which of the many B2B innovations will ultimately replace the paper check, but it’s safe to say that ePayables will be one of them.

B2B 49

B2B Accounts Payable Leverage Treasury 49

PYMNTS

SEPTEMBER 23, 2019

They can also save time by allowing suppliers or employees to make one-off purchases without going through an onboarding process and settling up the purchase with accounts payable. A recent survey of construction SMBs found 81 percent planned to spend more on digital software last year.

Construction 67

Construction Accounts Payable Treasury B2B 67

PYMNTS

JUNE 20, 2016

A survey just released by Capital One found that the majority of corporate treasurers plan to upgrade their commercial card programs within the year. In accounts payable, commercial card transactions may not account for much — yet. You’ll continue to see a lot of innovation and a lot of focus on user design.”

Accounts Payable 40

Accounts Payable Treasury Accounting Marketing 40

PYMNTS

SEPTEMBER 27, 2019

s Nationwide Building Society did not disclose how much it invested in BankiFi , but it did say that it’s support to the open banking FinTech comes as Nationwide plans to launch a business current account. Teampay plans to use the money to focus on product development and team growth within the U.S., said this week. Everledger.

B2B 59

B2B Accounts Payable Startups Advertising 59

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). “One

Accounting 94

Accounting Invoicing B2B Treasury 94

PYMNTS

OCTOBER 29, 2019

And on the FinTech side of things, firms like Yardi , Nexus and Visa have also debuted solutions to address friction in B2B payments, accounts payable and accounts receivable in the real estate space, which is notorious for delayed and late supplier payments and complex supply chains.

B2C 41

B2C B2B Construction Accounts Payable 41

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

APRIL 12, 2017

“The early months of 2017 have seen something of a change amongst this group, with lower levels of concern, and they remain more likely to be planning to grow,” summarized BDRC Continental director Shiona Davies in a statement. 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

JUNE 26, 2018

At present, payroll and gig worker payments may be the most emphasized use cases for faster payments capabilities in the corporate world, with fewer experts expecting payments acceleration to gain traction in accounts payable and supplier payment scenarios. A recent survey of 20 of the top 60 U.S. In the U.S., ”

Banking 46

Banking B2B Accounts Payable Treasury 46

PYMNTS

JUNE 13, 2019

There are also providers that offer techniques to help with cash-flow forecasting for treasury departments. As it stands now, roughly 40 countries have at least some sort of real-time payments initiative in the planning stages or in deployment. He said sandboxes and developer portals can allow tech teams at corporates to test APIs.

B2C 66

B2C Cash Flow Forecasting B2B Accounts Payable 66

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

AUGUST 25, 2016

According to researchers, nearly half of the businesses surveyed (46 percent) said they have implemented a strategic working capital optimization plan. But that means more than half haven’t — whether a plan is in the works or is developed but not yet implemented. ”

Cash Management 40

Cash Management Manufacturing Accounts Payable Profit and Loss 40

PYMNTS

APRIL 14, 2017

To get to the bottom of this troubling data, AFP Manager, Treasury & Payments Magnus Carlsson discussed the findings with PYMNTS. Luckily, what the AFP did find is an increase in the number of companies that said they are planning to implement greater internal controls in the coming year (up to 71 percent).

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

CS Lucas

APRIL 28, 2023

This article will cover the information exchanged between CS Lucas and the accounting (Enterprise Resource Planning) system, as well as the methods employed to facilitate this exchange. Information to CS Lucas Cash flow data is sent to CS Lucas by the accounts payable and receivables modules of the accounting system.

Accounting 52

Accounting General Ledger Accounts Payable Foreign Exchange 52