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.”. Recreating The Backend.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

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. Banks have been creating their own IT scripts and technology stacks for decades. Cost is only one consideration. Sassone pointed to the fact that half of all U.S.

B2B 86

B2B Accounts Payable Treasury Reconciliations 86

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

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. More than 40 percent are interested in same-day ACH, and over 30 percent are interested in blockchain technology. Manual processing challenges.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61

PYMNTS

MARCH 16, 2020

In addition, the deal will allow better reconciliation of payments with the matching invoices. There will be cost transparency on fees, and payment routing will be handled by Goldman Sachs’ advanced machine learning technology.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

Future CFO

AUGUST 19, 2021

The institutions said they surveyed 277 respondents comprising mainly C-suite executives and some finance professionals, adding that they also had in-depth interviews with CFOs, consultants and technology experts. Intelligent automation is least used in risk management (24%), tax (20%), and treasury (14%). Efficiency.

Accounts Payable 40

Accounts Payable Treasury Risk Management Finance 40

PYMNTS

JULY 16, 2019

The embrace of the cloud has opened up the opportunity for procurement, travel and expense management, treasury management and other corporate financial platforms to integrate and embed the payments function directly within that solution. That’s because of all of the other silos that remain.

B2B 60

B2B Accounts Payable Treasury Reconciliations 60

PYMNTS

JANUARY 14, 2020

The report is based on a survey of more than 500 financial executives at firms from numerous sectors, including professional services, construction, retail and technology. percent), improved reconciliation with enhanced data (76.7 businesses’ evolving awareness, interest and potential adoption of the system. percent in 2018.

Accounts Payable 53

Accounts Payable Reconciliations Construction Treasury 53

PYMNTS

JANUARY 13, 2021

But with advanced technologies in place, the guesswork — and constant touchpoints — can be significantly reduced, where expectations are calibrated on a per-customer basis. Within the B2B space, especially, technology can improve payments processes that are time-consuming and error-prone.

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Accounting Invoicing B2B Treasury 94

PYMNTS

DECEMBER 12, 2019

That’s surprising for several reasons, and here’s a good one: nearly 70 percent of accounts payable (AP) professionals say suppliers value payments speed above all. Citi recently made 50 APIs available to business clients, designed to connect easily with treasury software. A slew of current projects illustrates the trend.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

NOVEMBER 15, 2019

Traditionally, the cost and administrative burden of card acceptance has kept the tool from gaining traction in accounts payable. . “Now, it’s a completely different mindset as to how they can use the card payment rails.” ” Recognizing Commercial Card Advantages. Bending the Card Rails.

B2B 53

B2B Accounts Payable Cash Management Reconciliations 53

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

Yet those treasurers say that adopting a new FX management technology is a key barrier to improving those strategies. Gelis emphasized the importance of automation in technologies that businesses do decide to adopt. With machine [technology] imbedded in their [enterprise resource planning] ERP, it’s fully automated. said Gelis.

Foreign Exchange 72

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PYMNTS

JANUARY 26, 2017

The company announced earlier this month that it has developed what it claims to be the world’s first technology to integrate blockchain into ERP systems like SAP. Processing corporate payments as peer-to-peer, directly on blockchains, gives for instant settlement and, therefore, real-time reconciliation and accounting,” the company said.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

SEPTEMBER 4, 2018

Yet there is some adoption of faster payment technologies among corporates. In its “ The road to real-time treasury ,” Deutsche Bank urges treasurers to get ready for a world of real-time transacting. However, treasuries will inevitably, incrementally be forced to operate in real time.”. In the U.S.,

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Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

OCTOBER 20, 2020

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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B2B Accounts Payable Treasury Invoicing 104