PYMNTS

DECEMBER 7, 2020

Patrick Bermingham , CEO of the B2B payments specialist, said in a Monday (Dec. This level of payments efficiency has long been available to B2C eCommerce merchants but due to the more complicated nature of business payments, development and adoption in the B2B arena has lagged. With Payment Links Adflex has redressed the balance.”.

B2C 65

B2C Reconciliations B2B Invoicing 65

PYMNTS

MARCH 16, 2017

Cross-border payments company Flywire is stepping into new territory: B2B payments. With its start in the education and healthcare sectors, Flywire’s expansion into B2B payments isn’t far of a stretch for the company, which already supports high-value international payments like tuition or medical care costs. Time For Change.

B2B 43

B2B Marketing Compliance Invoicing 43

Bramasol

JUNE 30, 2023

Artificial Intelligence Revolution Extends into B2B Although artificial intelligence applications such as machine learning (ML) and robotic process automation (RPA) already have been in wide usage for B2B (business-to-business) markets, the revolution spurred by new generative AI has added fuel to the enterprise adoption of artificial intelligence.

SAP 78

SAP B2B Leverage Analyzing Data 78

PYMNTS

OCTOBER 29, 2020

Swanback talked with PYMNTS about how the use of automation and a cloud-based infrastructure can help financial institutions (FIs) deliver an Uber-like experience for B2B payments. Cloud computing technology can help FIs take a significant step toward meeting customer expectations for B2B payments without compromising security, said Swanback.

B2B 85

B2B Compliance Reconciliations Leverage 85

PYMNTS

FEBRUARY 28, 2020

As B2B FinTech firms continue working to break down silos, and ease the numerous friction points of the B2B payments process for both buyer and seller, the opportunities for data integration are vast. B2B payments market. “This combination increases data accuracy, and shortens payment cycles.”

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

FEBRUARY 27, 2018

“Regardless of the reason, these methods can pose problems, including reduced spend visibility, making it difficult to both track and enforce policy compliance and to perform back-office functions, such as reconciliation and reimbursement as well,” said GBTA Foundation Director of Research Monica Sanchez in a statement when the report was published.

B2B 41

B2B Marketing Accounts Payable Reconciliations 41

PYMNTS

SEPTEMBER 16, 2020

And anomaly detection and streamlined bank reconciliation will be available. One of the most exciting features within Acumatica Advanced Expense Management is its ability to detect corporate card use activities and remind the user to capture images of physical receipts for auditing and compliance purposes," she said, according to the release.

Reconciliations 76

Reconciliations Auditing Compliance Banking 76

PYMNTS

JUNE 17, 2020

Once booked, the trip can be paid for via the Expensify Card, with transaction details automatically captured for reconciliation and reporting. Amadeus B2B Wallet Expands Functionality. The integration also supports automated reconciliation and cash flow management, the companies noted in a press release.

Reconciliations 67

Reconciliations Accounts Payable Risk Analysis B2B 67

PYMNTS

DECEMBER 4, 2017

Boost Payment Solutions is one company that seeks to bring electronic payments to the B2B realm, as both an acquirer and a FinTech with an exclusive focus on commercial credit cards. That bridge, he said, is lacking in the B2B payments industry, where inefficient payment methods abound. “We In an interview with PYMNTS, Dean M.

B2B 40

B2B Invoicing Reconciliations Accounts Payable 40

PYMNTS

MAY 13, 2020

Preserving trade flows of particular importance in the healthcare sector today, with cross-border B2B payments essential to this effort. Paving Way For Faster B2B Payments. In all cross-border B2B payment scenarios, transparency is also critical to promoting efficiency. to multiple vendors in China to facilitate PPE procurement.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

JANUARY 19, 2021

NAB will add Eedenbull’s Q Business platform to its offering to help SMBs track and manage spend, as well as to automate compliance controls. Current account holders at ICICI Bank can now link their bank account data into AlignBooks software to automate data entry and streamline reconciliation. BNL Goes Live With Tink.

Banking 136

Banking Reconciliations Compliance Finance 136

PYMNTS

JULY 23, 2020

By using the new solution, companies will be able to scale operations to offer automated invoicing and reconciliation, global tax and regulatory compliance and better fraud controls, the release stated. As a result, many companies have set about transitioning to automation, PYMNTS reported.

Accounts Payable 56

Accounts Payable Invoicing Reconciliations B2B 56

PYMNTS

JULY 2, 2020

Some businesses are only just beginning their commercial card journeys as part of a broader push to digitize B2B payments. ” The card’s ability to find a win-win scenario for B2B payments — that is, reducing DSO for vendors while simultaneously lengthening DPO for buyers — is key to encouraging further card adoption.

Economics 104

Economics Accounts Payable B2B Reconciliations 104

PYMNTS

FEBRUARY 5, 2020

Commercial card technology can ease multiple pain points in B2B payments. In this week’s examination of the latest in commercial card innovation, PYMNTS uncovers how service providers are emphasizing how card technology can ease friction pre- and post-payment, from promoting employee spend compliance to streamlining supplier reconciliation.

Reconciliations 53

Reconciliations Accounts Payable B2B Compliance 53

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. For example, he pointed to multinational corporates’ need for tax provisioning and transfer pricing solutions to promote efficiency and compliance across borders. The ERP’s Role in a FinTech World.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

NOVEMBER 20, 2020

While expanding internationally is the easy part, the challenge often comes in the back-office financials like invoicing , cross-border payments, accounting and reconciliation. Come auditing and tax time, maintaining compliance with all of the varying local regulations across different geographies adds an extra layer of complexity.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

JULY 2, 2020

In a statement, BMO Harris Bank Head of North American Corporate Card Products Steve Pederson said the partnership “helps our clients streamline the B2B payment process, better support cash flow needs, and simplifies the process suppliers traditionally go through to accept a payment.” ADP Eyes Payroll Card Adoption Jump.

Compliance 83

Compliance Reconciliations B2B Banking 83

PYMNTS

AUGUST 1, 2019

is facing heightened compliance burdens that similarly force administrative, manual tasks on professionals that need that time to focus on their businesses. On top of that administrative burden, the growing gig worker population in the U.K. He noted that this is another challenge for the smallest of the small businesses.

Reconciliations 60

Reconciliations Compliance B2B Banking 60

PYMNTS

DECEMBER 10, 2019

And what a time it’s been, including for cross-border payments and the travel industry — the main subject of a fresh PYMNTS interview with Peter Butterfield, chief compliance officer at Flywire , which provides global payment services. Reconciliation, billing and collection practices must work in a seamless fashion,” he said.

Reconciliations 55

Reconciliations Construction Compliance B2B 55

PYMNTS

FEBRUARY 19, 2020

According to Mastercard Executive Vice President of New Payment Flows Ronald Shultz, the survey results are promising for the real-time B2B payments landscape. For corporate recipients, the value proposition of data transmission is a clear means of promoting streamlined reconciliation.

Accounts Payable 114

Accounts Payable Invoicing Reconciliations B2B 114

PYMNTS

JUNE 19, 2019

B2B FinTech has made leaps and bounds in the world of procurement, enabling large enterprises to automate a significant portion of their purchasing processes. Increasingly, he added, spend compliance and control are driving organizations’ procurement digitization efforts. Expanding The Scope Of Data.

Compliance 46

Compliance B2B Reconciliations Budgeting 46

PYMNTS

JANUARY 19, 2017

Corporate payments company Optal struck a new partnership to streamline B2B payments in the construction sector. Optal will implement its payment solution onto WebContractor to accelerate and streamline B2B payments for the industry, the companies said in their announcement, making for more efficient payments to subcontractors.

Construction 43

Construction B2B Reconciliations Invoicing 43

PYMNTS

DECEMBER 5, 2019

Many of those pain points are, by now, well-known in the B2B payments space. FinTech’s attraction to solving B2B payments and corporate spend friction has been instrumental in highlighting and addressing many of these widespread pain points. Spend Friction, From Employee Spend To AP. Where Banks Fit In Problem-Solving.

Accounts Payable 52

Accounts Payable B2B Problem Solving Nonprofit 52

PYMNTS

APRIL 3, 2020

There is a lot to consider, said Manish Vrishaketu, chief operating officer at supplier payments automation firm Tipalti , from vendor onboarding processes to tax compliance across borders. ” From Onboarding to Compliance. . ” From Onboarding to Compliance.

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

PYMNTS

APRIL 10, 2019

Corporates’ biggest procure-to-pay challenges often center around the friction of streamlining data flows and the movement of money, from sourcing and purchase order submission to invoice payment and reconciliation. Yet, as supply chains expand across borders, a new burden has landed on procurement teams’ shoulders: compliance.

Compliance 55

Compliance Invoicing Auditing Accounts Payable 55

PYMNTS

MAY 18, 2017

Many payment providers are set up to aid transactions on a low value, low volume basis, Althaus said, “but as the size of cross-border payments gets into the thousands, tens of thousands and hundreds of thousands of dollars, this opens up a whole other level of complexity from the view of compliance” and the process of moving money.

Invoicing 59

Invoicing B2B Reconciliations Currencies 59

PYMNTS

MARCH 4, 2017

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to view the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. .

B2B 78

B2B Banking Reconciliations Technology 78

PYMNTS

MARCH 4, 2017

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to recognize the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. .

B2B 76

B2B Banking Reconciliations Technology 76

PYMNTS

OCTOBER 26, 2018

For corporates, it’s the remittance detail of a transaction that supports settlement, reconciliation and enhanced data analytics for CFOs and treasurers to gain better insight and visibility into corporate finances. But even as regulators like the Fed in the U.S.,

Compliance 60

Compliance Reconciliations Banking Corporate Finance 60

PYMNTS

JUNE 1, 2020

The teams of EY will tap into the software technology of GTKonnect, which covers a number of areas with the inclusion of free trade agreements, import/export compliance, country of origin, master data management, foreign trade zones and tariff classification as well as reconciliation.

Reconciliations 52

Reconciliations Data Analysis Compliance Accounting Firms 52

PYMNTS

MAY 6, 2019

In addition, card payments require compliance with the Payment Card Industry Data Security Standard, which can be expensive to maintain. Push payments’ simplicity can also streamline reconciliation in B2B situations. Payment data is sent alongside push payments, however, providing more rapid reconciliation. .

B2C 44

B2C Reconciliations Invoicing Securities 44

PYMNTS

AUGUST 27, 2019

However, there’s an area of B2B FinTech that appears to have left a gap in the market: While there are solutions for CPAs to better manage their clients’ funds, Dustin Hall, director of CPACharge at card processing company AffiniPay , says CPAs lack a seamless way to get paid from those customers.

Cash Flow Forecasting 60

Cash Flow Forecasting Accounting Standards Accounting Firms Reconciliations 60

PYMNTS

OCTOBER 1, 2019

Beyond changing clearing and settlement capabilities, Ramsey told PYMNTS, FIs will have to retool the way they approach operations, bringing real-time processes to all functions, from reconciliation to customer service. As he noted, banks have depth of knowledge when it comes to compliance, while FinTech firms have strength in innovation.

B2B 69

B2B Reconciliations eCommerce Banking 69

PYMNTS

DECEMBER 12, 2017

The v-cards are issued by a variety of partners on the Conferma network, including eNett, the B2B payments unit of Travelport. By directly integrating the virtual card solution into the Travelport Smartpoint tool, travel agents can automate hotel payments and reconciliation while enhancing payment security, said Travelport. “As

Reconciliations 40

Reconciliations Prioritization B2B Compliance 40

PYMNTS

SEPTEMBER 29, 2017

But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance. Compliance with domestic and international standards is considered a must,” Beaulande recently told PYMNTS. Staying Updated.

Treasury 56

Treasury Banking Compliance Risk Management 56

PYMNTS

MAY 24, 2016

That leads to the necessity of payments taken across a variety of methods and with far-flung reconciliations. Tipalti is moving to help foster supplier payment functionality that stems from the cloud, with an eye on supply chains that need more robust communication and reconciliation as complexity comes into play.

Accounts Payable 40

Accounts Payable Reconciliations Compliance Currencies 40

PYMNTS

DECEMBER 11, 2019

As the open banking business model permeates into the B2B financial services market, FinTechs and traditional financial institutions continue to find new use cases for API integrations and connectivity to elevate the business-user experience.

Banking 52

Banking Foreign Exchange Reconciliations B2B 52