PYMNTS

MARCH 4, 2020

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.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

JANUARY 14, 2020

Other regulations adding weight to financial service providers’ compliance burden include Europe’s PSD2 and the U.K.’s ’s Open Banking , which promote end-customer ownership of financial data and enable those customers to allow for banks to share their financial data with third-party service providers.

Securities 101

Securities Compliance Financial Data Banking 101

PYMNTS

JULY 5, 2017

. “By applying this technology, a CFO no longer needs to look through 300 pages of tabular reports, but gets directly to the top 10 breaking trends in their data.” ” Further, solutions that deploy automated data management and analytics features can be critical for government reporting and regulatory compliance.

Financial Data 52

Financial Data Auditing Financial Reporting CFO 52

PYMNTS

APRIL 8, 2020

And even as financial institutions began to smooth out the process, the initiative hit another snag Monday when reports emerged that the SBA’s computer systems had crashed. With a focus on compliance, Wolters Kluwer revealed its new solution to enable financial institutions issue PPP loans to small businesses.

Banking 98

Banking Accounts Payable Compliance Technology 98

PYMNTS

JANUARY 30, 2020

Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives, and FinTechs finding new ways to collaborate with each other. AccountantsWorld Unlocks Payroll Data for FinTechs.

Banking 64

Banking Accounts Payable B2B Compliance 64

Bramasol

DECEMBER 13, 2021

From Bramasol's perspective as a leading SAP partner creating business management, finance, and compliance solutions for over 25 years, here are five major areas that we are watching closely and helping our clients prepare to deal with in the coming year - and beyond.

SAP 52

SAP Compliance Profit and Loss IFRS 52

PYMNTS

OCTOBER 30, 2020

Managing Cash Flow Reporting in B2B. Businesses also prioritize having up-to-date financial status data that will enable them to carefully oversee liquidity across all their various bank accounts and to make accurate decisions. On the consumer side, [cash flow reporting is] not a concern,” Carter said. “All

B2B 59

B2B Economics Banking Prioritization 59

PYMNTS

MAY 5, 2016

If only commercial (B2B) payments could be as frictionless as retail payments, when consumers pay merchants. That’s an ambition shared by many an entrepreneur who sets out to innovate the massively huge opportunity that awaits in the B2B space. It’s what also drove Mike Galarza to found Entryless. Australia … the U.K.,

B2C 43

B2C B2B Accounts Payable Invoicing 43

PYMNTS

SEPTEMBER 17, 2020

According to Emancipator, this kind of reporting would be too time-consuming for smaller banks, and add more compliance costs when things are already stretched for those institutions. Earlier this year , the CFPB sought input on how it might change the rules regarding third-party access to consumers' financial data.

Compliance 53

Compliance Financial Data Banking Finance 53

PYMNTS

SEPTEMBER 25, 2018

The company is also supporting financial services providers’ compliance and security requirements, and working with these firms’ developers to facilitate the development of new tools reliant on data. “We have already deployed the Ninth Wave Platform with a number of trusted clients.

Banking 51

Banking Financial Data Compliance Currencies 51

PYMNTS

MAY 1, 2018

According to the latest data from CB Insights , more than $2 billion was invested in FinTechs across Asia in the year’s first quarter. One of the nation’s most recent B2B FinTechs to land funding is Fyle, a small business expense management company that landed $1.1 “No employee would feel great about data entry.”

B2B 40

B2B Microsoft Office Concentration Compliance 40

PYMNTS

AUGUST 3, 2018

It’s an emerging trend, for B2B invoices in particular, as corporate billing and payments become “consumerized,” King said, adding that customers of all types today expect a digital experience, and those preferences are spilling into the B2B market as well.

Invoicing 40

Invoicing B2B Prioritization Accounting 40

PYMNTS

JANUARY 25, 2018

This enables us to provide corporates of all sizes with all the crucial financial data they need, as well as financial instruments as a service. BELLIN’s partnership with Kantox follows a previous collaboration with Accuity , a compliance solutions provider, to integrate compliance services into treasury management operations.

Treasury 40

Treasury Foreign Exchange Risk Management Compliance 40

PYMNTS

FEBRUARY 22, 2017

Corporates in particular are struggling with some of these financial reforms, according to research from the U.S. Nearly 80 percent of businesses surveyed in that report said they have taken some type of measure to make up for the cost of compliance, with Basel III cited as having the greatest negative impact for businesses.

Accounting 54

Accounting Banking Cash Management Compliance 54

PYMNTS

MARCH 19, 2020

It’s what enabled HostBooks to recently announce the launch of its mobile app, a key feature for SMBs that must gain access to financial data regardless of location, said Rana. “In an integrated software, all accounting and compliance outcomes are available on one platter, leading to faster and smarter decision-making.”

Accounting 62

Accounting Invoicing Accounts Payable Financial Data 62

PYMNTS

APRIL 23, 2019

The companies will provide superannuation funds and their managers with a procure-to-pay system that supports governance and compliance, a repository to manage contracts and accelerate the negotiation process, a mechanism to link contracts to the source-to-pay value chain, and a supplier relationship management framework. .

Accounts Payable 43

Accounts Payable Budgeting Compliance Accounting 43

PYMNTS

MARCH 19, 2019

Ferrabee noted that ISO 20022 helps satisfy compliance mandates tied to anti-money laundering (AML) and know your customer (KYC), and carries the same data as seen on checks (account info, banks and dates) that has been a mainstay of B2B.

B2C 86

B2C Budgeting Compliance B2B 86

PYMNTS

AUGUST 7, 2019

6) that the nation’s central bank has suspended the company’s activities because it allegedly failed to provide the government with required financial data on its operations this year. Businesses offering electronic money services must provide Lithuanian authorities with audited annual financial statements, reports explained.

Concentration 40

Concentration Auditing Compliance Startups 40

PYMNTS

MARCH 1, 2018

The B2B ground transportation segment also has to cater to the differing corporate cultures around the world. More recent data from Barclaycard highlighted the “consumerization” of business travel payments, meaning travelers often pay for company travel the same way they pay for business trips.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40

PYMNTS

JULY 23, 2018

In addition, Gusto instantly syncs payroll and financial data with Xero, as well as expense-tracking and time-tracking software. Xero’s U.S. subscribers can now organize payroll entirely online, with all federal, state and local payroll taxes automatically paid and filed. Xero has 1.4

Compliance 40

Compliance Accounting Financial Data Planning 40

PYMNTS

OCTOBER 31, 2019

.” Analysis from Fueltek recently laid out the top five concerns for fleet managers today, with fuel cost volatility landing at the top of the list (followed by driver discovery and retention, regulatory compliance and operator safety).

Forecasting 40

Forecasting Compliance Technology Finance 40

PYMNTS

JANUARY 9, 2019

” Traditional bookkeeping also prevents financial professionals from using their time wisely, forced to aggregate and crunch financial data rather than analyze it. ” Today, he added, technology is “better than humans” at accurately and securely managing and categorizing financial data.

Accounting 71

Accounting Corporate Finance Accounting Firms Auditing 71

PYMNTS

DECEMBER 5, 2017

Regulation over data management is similarly a rising concern for banks, with 60 percent citing achieving data requirements as their top compliance hurdle. A fifth cited regulatory reporting and a fifth said complex real-time analysis were their major concerns.

Banking 40

Banking Compliance Finance Financial Data 40

PYMNTS

MAY 23, 2017

Sage and Cashplus are integrating each other’s data to launch a new Sage tool called Bank Feeds, which means joint customers of Sage solutions and Cashplus business accounts can automate and streamline bank reconciliation to ensure accounts and records are up to date and accurate. s digital tax initiative. “As

Banking 43

Banking Reconciliations Compliance Accounting 43

Simply Treasury

NOVEMBER 2, 2020

7) New functionalities for predictive analysis, decision-making and dashboarding, primarily via add-ons that can be grafted onto the solution as complements, (8) TMS will cover other areas and functionalities like bank connectivity for B2B payments, procurement synergies, etc… enabling treasury scope enlargement. It needs to evolve… and fast.

Treasury 130

Treasury Technology Finance Economics 130

PYMNTS

DECEMBER 7, 2017

According to Jake Benson, CEO of back-office software provider Libra , that’s because traditional accounting and auditing software solutions aren’t compatible with blockchain, rendering them unable to access, manage and analyze financial data stored on distributed ledgers. Libra, which recently announced $7.8

Accounting 52

Accounting Auditing Valuation Financial Data 52

PYMNTS

AUGUST 5, 2016

” Outside of the accounting department, however, other parts of a business will feel the effects of automated accounting — and the access of the financial data that goes along with it. . “That’s going to be a value-add.”

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

PYMNTS

AUGUST 10, 2016

Runzheimer’s report breaks down the financial data on how employees are spending corporate funds while outside the office. Breaking Down The Numbers. For corporations with employees who travel on the road for work, there is a significant lack of visibility into what these workers are doing.

Benchmarking 41

Benchmarking Compliance Financial Data Numbers 41

PYMNTS

JUNE 13, 2018

” The consequences of the inability to quickly pinpoint anomalies, disruptions and root causes of these challenges using internal data are vast, including non-compliance, strained buyer-supplier relationships and, of course, wasted money. . “As humans, we’re not capable.”

Invoicing 54

Invoicing Accounts Payable Budgeting Compliance 54

PYMNTS

MAY 11, 2018

More recently, corporate T&E software firm Coupa found that the majority of chief financial officers lack full visibility into company spend. Without a full picture of financial data in context, executives cannot know where to look for a problem, let alone identify one, said Rinke.

Accounts Payable 40

Accounts Payable Treasury SAP Forecasting 40

PYMNTS

APRIL 12, 2016

Nonprofits can face greater pressure than their for-profit peers when it comes to compliance. Because virtual cards are just that — virtual — they automate the payment and reconciliation processes, connecting payment data directly into financial systems. Not-For-Profit.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

NOVEMBER 12, 2018

Overall, nearly all the benefits associated with ERP solutions, from better controls and compliance to lower IT maintenance costs, were experienced by less than half of survey respondents. “The challenge sometimes becomes: ‘Your greatest strength is your greatest weakness,'” said Lipps.

Corporate Finance 54

Corporate Finance CFO Finance Forecasting 54