PYMNTS

FEBRUARY 1, 2021

Although the purpose of digitization in the finance department is, in many cases, to strengthen cash management, the effect of so many siloed systems can actually be quite different. As Berghald explained, that’s because each critical function — from invoicing to payment to accounting — all occur separately from each other.

Finance 82

Finance Invoicing Reconciliations Prioritization 82

PYMNTS

OCTOBER 17, 2017

In B2B payments, it’s not just the movement of money that’s a pain point for companies — it’s the tracking of that payment and the ability to reconcile those transactions that can be a major headache for both payers and payees. In an announcement on Tuesday (Oct. In an announcement on Tuesday (Oct.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

OCTOBER 31, 2019

It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms. Take the lockbox, for example.

Reconciliations 43

Reconciliations Invoicing B2B Treasury 43

PYMNTS

JANUARY 26, 2017

Cross-border payments, trade finance, smart contracts — blockchain has the potential to disrupt B2B processes, but FinTech players are only beginning to take these concepts onto a real-world stage. For one firm, Finlync , the key to unlocking the potential of blockchain in B2B processes is unlocking the underlying data of that activity.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

JULY 2, 2020

Leavitt , founder and CEO of Boost Payment Solutions , said commercial card programs are now coming to the forefront of AP departments’ priority lists when delaying payments is no longer the most viable, or effective, cash management option. Optimizing Card Spend. “We’re seeing a lot more of that mentality.”

Economics 104

Economics Accounts Payable B2B Reconciliations 104

PYMNTS

AUGUST 3, 2020

The ability of blockchain infrastructure to store data means transactions can not only be settled in real time, but can also be linked to one specific invoice, opening up the potential for automated reconciliation.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

AUGUST 1, 2019

“It will allow for rich invoice and tax information, originator and beneficiary details, and necessary regulatory information for beneficiary jurisdictions,” it said. Widespread adoption of these standards will also allow for streamlined reconciliation and cash management transparency for beneficiaries, it added.

Reconciliations 76

Reconciliations Cash Management Invoicing Banking 76

PYMNTS

MARCH 23, 2017

Receivable Savvy, an accounts receivable and order-to-cash management firm, wants suppliers to see Same Day ACH as an opportunity to bolster cash flow. The Definitive Guide – Same Day ACH argues that not only can Same Day ACH mean faster supplier payments, but the technology presents a host of other benefits for B2B vendors.

B2B 54

B2B Invoicing Reconciliations Education 54

PYMNTS

DECEMBER 5, 2019

Many of those pain points are, by now, well-known in the B2B payments space. Ingvoldstad highlighted top hurdles in employee spending, pointing to the “inconvenience” professionals face when employees are forced to use their personal cash and cards to make payments while on the clock, only to wait weeks for reimbursement.

Accounts Payable 52

Accounts Payable B2B Problem Solving Nonprofit 52

PYMNTS

JUNE 22, 2016

In B2B payments, accounts payable automation is a hot topic, as are the challenges AP professionals face when it comes to paying suppliers and managing the data from those transactions. But a new report from Corcentric , written by the Institute of Finance & Management (IOFM), details the hurdles on the other side of the payment.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

PYMNTS

NOVEMBER 4, 2016

In B2B payments, that can mean discontent in the way traditional banks and FIs do business or a need for disruptive technologies to come to market faster than banks can offer. Deals were made with B2B invoicing and payments firm Viewpost, as well as health care blockchain company Gem and natural language search technology company ClearGraph.

Treasury 79

Treasury B2B Leverage Reconciliations 79

PYMNTS

APRIL 3, 2020

Not only do businesses struggle to manually process payments, but reconciliation across payment rails is also a headache as each banking and payment provider presents information in different ways. According to Vrishaketu, this is a common occurrence for organizations struggling to automate. ” From Onboarding to Compliance. .”

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

PYMNTS

NOVEMBER 22, 2016

Those drivers may support the rise in consumer mobile payments, but economic factors in the Asia-Pacific region have also opened doors for B2B mobile payments to gain traction, too. MC Payment , a startup based in Singapore, is a FinTech startup in the region that is riding the B2B mobile payments wave.

B2B 65

B2B B2C Vendor Management Reconciliations 65

PYMNTS

DECEMBER 30, 2016

Executives from Payoneer, NCR, FTV Capital and Ingo Money touch upon all of these trends as they tell PYMNTS their own visions for B2B payments next year. Ultimately, these new functionalities will significantly expand the capabilities of B2B marketplaces and enable businesses to be paid in a more timely and efficient manner.”.

B2B 50

B2B Reconciliations eCommerce Banking 50

PYMNTS

DECEMBER 2, 2020

Today in B2B payments, Amazon takes advantage of cloud adoption with expanded call center functionality, while Sage collaborates on small business cash flow management. Meanwhile, Aareal Bank launches a new B2B payments platform, Cobase teams up for FX and eCapital acquires a commercial lender. 1) announcement.

Cash Management 57

Cash Management B2B Foreign Exchange Banking 57

PYMNTS

APRIL 12, 2016

Making sure the books add up properly is key to keeping their legal nonprofit status, and that means cash management is paramount. Because virtual cards are just that — virtual — they automate the payment and reconciliation processes, connecting payment data directly into financial systems.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

NOVEMBER 23, 2020

Indeed, according to Fiskl CEO and Founder Alina Lapusneanu , entrepreneurs are searching for solutions that can multitask, and embrace a wide range of functionality to tackle more pain points around banking, payments and cash management — all at once. All About Cash Flow.

Finance 106

Finance Invoicing Cash Management Reconciliations 106

PYMNTS

MARCH 18, 2020

In a recent conversation with PYMNTS, Bectran Business Development & Implementation Manager Dominic Biegel said it is certainly a possibility that the continued impact of the coronavirus pandemic could add pressure on businesses to migrate away from paper invoices, or shift their own customers toward electronic payments.

Reconciliations 80

Reconciliations Invoicing Communication B2B 80

PYMNTS

AUGUST 5, 2019

B2B payments startup ePayRails has announced new funding to focus on further technological development of its Payment Hub. million in Series A funding led by Aspire Fund Management, which provided $2 million. In a press release Friday (Aug. 2), ePayRails said it secured $2.45 ” .

B2B 40

B2B Startups Securities Accounts Payable 40

PYMNTS

OCTOBER 2, 2019

With ongoing shifts in payments, commerce, security and transparency, corporate cash managers have a lot on their plates. The Use Case – and B2B. After all, knowing where funds are at any given point of the journey is a critical part of corporate cash management. Interoperability is Key.

Cash Management 63

Cash Management Reconciliations Treasury B2C 63

PYMNTS

JULY 31, 2017

Considering SMEs the world over are struggling with adopting electronic payments and invoicing, Indian companies are certainly facing a challenge. Cash, in the form of currency notes on hand, does not really help anyone,” Krishnan recently told PYMNTS. The best mechanism for SMEs to get paid is simply through an online mode,” he said.

Invoicing 40

Invoicing B2B Accounts Payable Cash Management 40

PYMNTS

JUNE 9, 2017

In corporate accounting, accounts payable and B2B payments, traditional FIs are slowing down innovation that could one day bring these areas up to speed with corporate payments, the executive explained. Even in Beanworks itself, the company will receive bogus invoices that are obviously fake. Workforce Management.

Accounting 43

Accounting Technology Accounts Payable Invoicing 43

PYMNTS

AUGUST 9, 2019

Because of this, another unique aspect of the restaurant industry has emerged: the use of credit memos, which enables restaurants and delivery personnel to make notes on an invoice regarding any credit and invoice adjustment resulting from perished or damaged deliveries.

Accounts Payable 43

Accounts Payable Invoicing Reconciliations Finance 43

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. Within that ambition, he said, “the only way to create real-time cash management or trading is to allow all parties to see the same pool of validated data.”.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

AUGUST 6, 2018

REPAY and InterProse added that their partnership aims to cut redundancies in their offerings, eliminating the double-posting of payments in both systems to streamline reconciliation. Their collaboration means businesses will have more ways to accept payments, including bank transfers and card products. per document.

Accounting 40

Accounting Reconciliations Invoicing Cash Management 40

PYMNTS

AUGUST 25, 2016

ING Wholesale Banking has announced a new solution aimed at corporate treasurers in need of managing cash across borders. Dubbed Virtual Cash Management (VCM), the solution, announced on Wednesday (Aug. The Virtual Cash Management tool is ING’s effort to guide treasurers into this new role, it said.

Treasury 40

Treasury Concentration Cash Management Reconciliations 40

PYMNTS

OCTOBER 19, 2016

But cash forecasting is democratizing to smaller companies thanks to incoming technology, said TreasuryXpress CEO Anis Rahal. He told PYMNTS how forecasting technology is evolving into an incorporated part of the B2B payments process and why that’s a capability SMEs might want to keep an eye on. ” . ”

Forecasting 77

Forecasting Cash Flow Forecasting Reconciliations Invoicing 77