article thumbnail

Aussie SMBs Struggling With Cash Flow Forecasting, Survey Says

PYMNTS

A new report from Commonwealth Bank suggests small and medium-sized businesses (SMBs) in Australia are struggling to make use of the financial data at hand. Reports Monday (Sept. Small businesses, in particular, are usually time poor, and not all have the right tools to support effective business planning.”.

article thumbnail

Traditional FIs Drive Modernization Through FinTech Pairings

PYMNTS

Consumer Bank Chief Digital Officer Mike Naggar said the FI aims to provide customers "a choice, convenience and control of their financial data. WEX Talks Bank Partnerships To Advance B2B Payments. Financier plans to strengthen its presence in Singapore and Indonesia, with an eye on expansion into Vietnam and the Philippines.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Checks, Data Sharing Limits Force B2B FinTechs To Find A Workaround

PYMNTS

Analytics technologies like machine learning, artificial intelligence (AI) and robotics process automation (RPA) turned cash flow forecasting into more of a science than it’s ever been. Of course, at the heart of this advancement is increased access to detailed financial data, but it’s not easy for everyone.

article thumbnail

Oiling The Many Moving Parts Of Cash Flow Management

PYMNTS

The problem with this strategy, however, is that when every company is looking get paid more quickly but pay their own invoices later, B2B buyers and vendors quickly find themselves in a position in which their own cash flow goals contradict each other. Many Moving Parts.

article thumbnail

How Data Guides A New Era For The ERP

PYMNTS

The boom in B2B FinTech has introduced a flurry of new solutions and platforms from which corporates and small businesses can choose. It’s a result, explained Gillette, of the legacy ERP no longer being suited to address the full range of businesses’ diverse financial and process management needs. The ERP’s Role in a FinTech World.

article thumbnail

Where Bank Account Data Alone Falls Short For SMB FinTech

PYMNTS

So, even when they receive an instant payment, as soon as it’s received, it’s already historical data.” ” It may be no surprise, then, that a lack of adequate cash flow forecasting and management solutions may be contributing to small businesses’ negative perception of their banks.

article thumbnail

Data Hurdles Keep Accountants From Elevating Their Role

PYMNTS

“Small businesses in particular need cash flow forecasting, financial resiliency planning, advice on payment scheduling as well as consulting on applying for available government help. All of these things require reliable data in real time.” ” Supporting an Accounting Shift.