PYMNTS

NOVEMBER 9, 2020

I think when the pandemic hit in early March, it really put a gun to the head of many companies by taking what have been Byzantine processes around accounts payable or accounts receivable and moving to much more digital means,” Jay Dearborn , president, corporate payments of WEX Inc. told PYMNTS. And apparently, he’s not alone.

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Accounts Payable B2B Treasury Accounting 109

CFO News

AUGUST 13, 2023

Annual reports, account payables, treasury management, forecasting, and legal are some areas where CFOs are trying and discovering the use cases for generative AI (artificial intelligence) in their organisation.

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Accounts Payable Treasury Forecasting Finance 97

Future CFO

MARCH 29, 2021

FutureCFO spoke to Marcus Rex, managing director for Asia-Pacific, xSuite, for his perspective on how finance automation in general, and accounts payable in particularly, can help transform finance into a profit centre. Myths around accounts payable (AP) automation. Recurring pain points in accounts payables.

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Accounts Payable Accounting SAP Invoicing 52

PYMNTS

JULY 7, 2020

The Peoples Community Bank is broadening its existing relationship with banking technology provider Finastra , the firms revealed this week in a press release , with the financial institution (FI) looking to accelerate its own innovation and product rollouts. Finastra Chosen by Community FI. Faster Payments scheme.

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Banking Accounts Payable Treasury Finance 96

PYMNTS

MARCH 13, 2019

This stumbling block to innovation is often visible in accounts payable (AP) departments, Corcentric SVP of Sales Daniel Andrew told PYMNTS in a recent conversation. But it really requires a willingness to stop and look at the technology, and what it can do for accuracy. Over time, he noted, accounts payable isn’t costing money.

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PYMNTS

DECEMBER 13, 2018

As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. “You’re doing your own IT and data normalization,” he noted. As open banking continues to proliferate in the U.S.

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Treasury Banking Cash Management Accounts Payable 62

PYMNTS

SEPTEMBER 28, 2020

"Businesses and consumers must prioritize cyber resilience and recognize that it is everyone's responsibility to protect their data," said OpenText CEO and Chief Technology Officer Mark J. million was stolen from one company via accounts payable (AP) fraud , the Chicago Tribune reported. Barrenechea in a statement.

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Accounts Payable Invoicing Treasury B2B 96

Future CFO

APRIL 21, 2021

So, what does the New Accounts Payable department look like? The cost of paper and time wasted on low-value, manual tasks have been key drivers behind the growing shift to digital AP processes as AI-driven technologies continue to advance. Accounts payable is in a different position today than it was only a matter of months ago.

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Accounts Payable Accounting Invoicing Treasury 40

Simply Treasury

SEPTEMBER 9, 2020

Treasury management is “anticipation”. This explains why the treasury manager, “the custodian of cash”, has become a centre of attention and why Cash Flow Forecasts (CFF) have become so essential. By working on accounts receivable, accounts payable and stock, you can improve the reliability of cash flow forecasts.

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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.

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PYMNTS

JUNE 23, 2020

Manual processing creates opportunities that can sap employees’ time and increase the likelihood of errors, making businesses eager to automate their systems and to use technologies to handle such tasks. The accounts payable (AP) automation market is expected to grow from $1.6 billion in 2019 to $3.1 billion by 2024.

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Accounts Payable Invoicing Treasury SAP 85

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. With payment innovators looking to migrate B2B payments away from paper, a growing number of payment rails and technologies are helping to ease the pain of the shift.

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Currencies Accounts Payable Treasury B2B 105

PYMNTS

JULY 10, 2019

Lisa Lansdowne-Higgins, vice president of business deposits and treasury solutions at the Royal Bank of Canada (RBC), recently told PYMNTS that these three disruptors have a significant opportunity to shake up accounts payable processes thanks to the impact they have on data. Bank-FinTech Collaboration.

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B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

PYMNTS

NOVEMBER 25, 2020

This could mean adopting new accounts payable (AP), accounts receivable (AR) and other treasury strategies and technologies, for example. The Deep Dive examines how technologies like application programming interfaces (APIs) and webhooks can help firms and their banks overcome these hurdles.

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Invoicing Accounts Payable B2B CFO 95

Future CFO

FEBRUARY 13, 2023

Having an experienced succession of crises since the beginning of 2020, FutureCFO asked two finance leaders their views on the challenges facing treasury and cash management during the pandemic and coming out of it. What is the biggest change to the Treasury and Cash Management (TCM) function brought about by the pandemic?

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Treasury Cash Management Restructuring Accounts Payable 98

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.

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Invoicing Accounts Payable Treasury Sales 87

PYMNTS

JANUARY 27, 2021

The ability to view account balances, initiate payments and apply cash within a unified platform can yield major benefits for corporate treasurers, boosting financial visibility through bridging the usually siloed operations of banking, accounting, accounts payable (AP), accounts receivable (AR) and more.

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Banking Accounts Payable Treasury Prioritization 115

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. Many changes in liquidity demands are seasonal, such as around the holidays, when businesses see higher sales and inventory reordering.

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Invoicing Accounts Payable Treasury Reconciliations 87

PYMNTS

MAY 28, 2020

To automate accounts receivable (AR) for mid-sized companies, HighRadius has rolled out its RadiusOne A/R Suite. It also offers a credit risk app to assist mid-sized companies in harnessing AR automation technology to surmount their largest hurdles when it comes to working capital optimization.

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Technology Reconciliations Accounts Payable Credit Risk 52

PYMNTS

FEBRUARY 1, 2021

Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. As we move toward better and more tools … that process can be automated using newer technologies.” .

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Accounts Payable Reconciliations Invoicing Banking 93

PYMNTS

MAY 13, 2020

Accounts payable (AP) tools that provide quick, detailed oversights of businesses’ financial statuses and payments obligations can help pick up the pace of payments by keeping invoice approval processes on track. Deep Dive: Ho w AP Automation Enables More Informed Investment Decisions. Download the Tracker to read the Deep Dive.

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Invoicing Accounts Payable B2B Budgeting 79

PYMNTS

MAY 16, 2016

Between treasury management, accounting, invoicing, cash management and all the other money tools corporates have access to today, it’s a wonder CFOs can keep their heads on straight. It’s changed the game, not only for corporate clients but for the FinTech players developing and offering these treasury solutions.

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Treasury Cash Management Accounts Payable Banking 41

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

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.

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Accounts Payable Invoicing Accounting Reconciliations 63

PYMNTS

MAY 18, 2017

The rise in B2B FinTech has complicated the picture of treasury management, forcing it to rethink its position in the enterprise. But that technology has also handed treasury new tools to become even more effective at giving clarity to an enterprise’s position in its market. And they have different systems across geographies.”

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Treasury Cash Flow Forecasting Risk Management Communication 40

PYMNTS

JUNE 6, 2019

Technology and automation have made inroads into several areas of everyday life — witness the rise of digital assistants and autonomous vehicles. Thus, accounts payable management is all too often more art than science. Businesses need a single approach to streamlining payments across systems and payment types,” she said.

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Accounts Payable Accounting B2B Technology 71

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.

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Accounts Payable Treasury B2B Invoicing 64

PYMNTS

SEPTEMBER 17, 2019

The AFP’s report found new lows in corporates’ use of checks for B2B payments, with more than one-third saying they aim to remain current with new payments technologies. Although new technology is appealing, treasury and finance professionals tend to stick with what works for them, and their vendors,” said AFP President and CEO Jim Kaitz.

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Accounts Payable B2B Accounting Invoicing 43

PYMNTS

FEBRUARY 20, 2019

UMB Financial Corporation is teaming up with Bottomline Technologies to integrate an accounts payable management offering for corporate customers. In a press release sent to PYMNTS, the companies announced Wednesday (Feb. partnerships and new initiatives, in another statement.

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Accounts Payable Banking B2B Treasury 53

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.

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B2B Accounts Payable Treasury Reconciliations 86

PYMNTS

SEPTEMBER 18, 2018

The bank said it is integrating Paymode-X technology from Bottomline Technologies into its corporate banking offering. Together, the companies will link TD Bank business customers to Paymode-X with Visa Payables Solutions, a tool to streamline payables that supports card, ACH and check payments in the accounts payable (AP) department.

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Banking B2B Accounts Payable Valuation 62

PYMNTS

OCTOBER 16, 2020

Treasury or cash management services that used to be fast enough may therefore no longer be adequate as businesses fight to stay afloat during the economic downturn. Digital technologies’ rise has boosted users’ expectations for swift payments and reduced their satisfaction with older, paper-based methods. Breaking Away From Checks .

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Treasury B2B Accounts Payable Cash Management 76

PYMNTS

JANUARY 14, 2021

Our customers need financial technology tools that align with their personal and business needs,” Wells River Savings Bank Chief Financial Officer and Chief Operations Officers Judy Lavely said in the announcement. Modern Treasury Raises Funding To Accelerate B2B Payments. Noting that more than $18.5 Noting that more than $18.5

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Accounts Payable Treasury Currencies B2B 62

PYMNTS

FEBRUARY 6, 2020

Chicago-based Signature Bank is rolling out a technology platform called Finrails AP to simplify B2B payments, the company announced on Thursday (Feb. Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods.

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Banking Accounts Payable B2B Invoicing 67

PYMNTS

FEBRUARY 22, 2019

FinTechs, especially younger firms, might have robust technology as well as strong solutions to problems. However, they may not have been able to provide the next level of technology to address the problems of their customer bases. These companies also might need a sophisticated accounts payable (AP) platform, such as AvidXchange.

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Banking Accounts Payable Treasury Compliance 82

PYMNTS

MAY 7, 2020

Deepening ties between accounts payable (AP) and accounts receivable (AR) departments will be key to ensuring buyers and suppliers remain viable. Dynamic discounting can mean lucrative discounts on the accounts payable side, and faster payments on the accounts receivable side.

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Accounts Payable SAP B2B Currencies 60

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. Rho Technologies Raises $15 Million for AP Integration. Sweep Raises $1.2

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B2B Accounts Payable Banking Invoicing 56