PYMNTS

AUGUST 3, 2020

Real-time settlement negates the need for batch settlement, which has been the norm in corporate treasury departments and within financial institutions (FIs) for decades. “If you can make money programmable, then you can build that money into applications that optimize your processes in corporate treasury.”

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

SEPTEMBER 17, 2019

Operating as a funding agent will broaden community banking participation in RTP, Bankers’ Bank said, adding that it will also build a 24/7 liquidity management solution for RTP transactions within its cash management suite of services. FinTechs Move Money To Vendors Faster. Marie Aloisi in a statement.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

PYMNTS

FEBRUARY 1, 2021

Reconciliation Challenges. Slow reconciliation processes can result in extra costs and headaches, for example, by tying up staff schedules with tasks that could be managed by automation instead, Hagan said. That information is then easy to process for generating insights and informing cash management decisions. .

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

PYMNTS

APRIL 14, 2020

The digital transformation of corporate treasury is not a destination; it’s a journey. As a treasurer, maybe you would conquer the first few things, which are visibility and reconciliation, and then you would move into other niche areas that you want to automate further to add strategic value to the business.”.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

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. It’s great to get a check, or wire, or ACH, but if you don’t know what it’s to be applied to, you have a huge cash application and reconciliation challenge.”.

Reconciliations 43

Reconciliations Invoicing B2B Treasury 43

PYMNTS

OCTOBER 6, 2016

. “Business uptake of mobile payments is gathering significant pace, as the functionality and flexibility of this channel gains trust and acceptance in finance and treasury departments globally,” said HSBC Global Head of eCommerce, Global Liquidity and Cash Management Nadya Hijazi.

Foreign Exchange 63

Foreign Exchange Reconciliations Cash Management Treasury 63

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 4, 2016

More than 40 percent of companies surveyed said they operate with more than five cash management banks; a third said they are working with more than 20 banks. According to FIS SVP of Mid-Market Treasury, Payments and Messaging Jerome Albus, along with President of Treasury Software Solutions Andrew Bateman, the U.S.

Treasury 41

Treasury Reconciliations Cash Management Banking 41

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

OCTOBER 2, 2019

With ongoing shifts in payments, commerce, security and transparency, corporate cash managers have a lot on their plates. The question for any number of treasury professionals is what lies ahead? Financial institutions and treasury operations would do well to get ready for it all, sooner rather than later.

Cash Management 63

Cash Management Reconciliations Treasury B2C 63

PYMNTS

OCTOBER 22, 2019

Santander said the tool automates payment processing both locally and abroad to support straight through processing, while also connecting corporates to cash flow visibility via its information center, portal and mobile app. Managing Director and Head of Transaction Banking Kevin Deveaux in a statement.

Treasury 40

Treasury Reconciliations Cash Management Banking 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. Virtual bank accounts provide a streamlined way to manage treasury, the company added, through a single digital portal.

Treasury 40

Treasury Concentration Cash Management Reconciliations 40