PYMNTS

DECEMBER 20, 2019

To move a B2B transaction from one market to another, the global interbanking system is far from a perfect strategy, though it remains the standard in cross-border payments. ” The technology wields stablecoin virtual currency pegged against the U.S. ” To do so, he said, the tool prioritizes security and compliance.

Banking 52

Banking B2B Prioritization Securities 52

PYMNTS

JUNE 19, 2020

The newest Cross-Border Merchant Friction Index explores which checkout features international online shopping retailers can prioritize when they design their checkouts. From T-Shirts To PPE — What Hanes Learned From Its Supply Chain Pivot (B2B Payments Tracker).

Profit and Loss 60

Profit and Loss Prioritization Manufacturing Compliance 60

PYMNTS

JANUARY 28, 2021

“As you progress, and digital assets start to integrate into finance, then you start to see companies looking to hedge [foreign exchange (FX)] exposure, or looking to reduce an emerging market currency volatility, by holding digital assets.”. According to Sully, the message is “modernize today so you can integrate tomorrow.”.

Treasury 84

Treasury Foreign Exchange Accounts Payable Prioritization 84

PYMNTS

SEPTEMBER 25, 2018

What is surprising is that Protiviti’s research concluded CFOs are not prioritizing some of the technologies they could use to achieve their goals in data analytics and security. For example, 72 percent of CFOs rated their prioritization of virtual currencies to be between levels one and three.

Prioritization 67

Prioritization Corporate Finance Education Finance 67

PYMNTS

JUNE 21, 2018

But a company’s interest and efforts to adopt new technologies does not always mean that all B2B payment processes are improved. Instead, new research suggests that the enterprise is embracing some tools and tech (but not all), and applying them to some aspects of B2B payments (but not all).

Accounts Payable 44

Accounts Payable B2B Invoicing Prioritization 44

PYMNTS

JULY 26, 2019

Others, like Visa B2B Connect and SWIFT gpi , aim to transform it. B2B payments are full of friction that lead to delays in vendors receiving payment. With correspondent banking relationships on the decline, financial institutions are looking for new — and faster — ways of moving money around the world, too.

Foreign Exchange 64

Foreign Exchange B2B Prioritization Banking 64

PYMNTS

SEPTEMBER 24, 2020

And, the release says, new intelligent assignment and prioritization of invoice processing requests via digital workflows, which will help accounts payable (AP) departments manage workload.

Accounts Payable 43

Accounts Payable Invoicing Prioritization Currencies 43

PYMNTS

MARCH 30, 2017

Analysis from WUBS found that the majority of SMEs weren’t actively strategizing to leverage the strength of their own local currencies. Separate analysis from East & Partners found that only about a quarter of SMEs were prioritizing FX risk mitigation, a figure that shrinks when focused only on U.S. small businesses.

Foreign Exchange 43

Foreign Exchange Prioritization Currencies Treasury 43

PYMNTS

JUNE 15, 2016

According to Western Union, its newest tool for Hong Kong SMEs provides capabilities for favorable currency movements, reports said, while hedging against risk in the case of unfavorable FX fluctuations. and France prioritize FX risk exposure mitigation; that number declines the smaller a business gets, researchers noted. A strong U.S.

Foreign Exchange 40

Foreign Exchange Currencies Prioritization Invoicing 40

PYMNTS

JUNE 30, 2016

But not every firm is prioritizing the use of technology that can provide more sophisticated financial forecasting. ” Currency fluctuations and planning for these various market shocks have led businesses to refinance their debts, even borrowing in a foreign currency. .” Following the U.K. referendum?

Budgeting 40

Budgeting Treasury Forecasting Prioritization 40

PYMNTS

MARCH 19, 2018

They specifically mentioned eTransfers, eWallets and digital currencies, the report found, though SMBs prioritized payment security above all else.

Accounts Payable 40

Accounts Payable Prioritization Currencies Accounting 40

PYMNTS

MAY 31, 2016

These are the types of international payments that need to land in a country in both local currency and others, like the U.S. ” The complexities and multitude of processes that go into an international B2B payment, he said, mean instant corporate transactions are hardly expected. They won’t want to take speed over security.”

Invoicing 41

Invoicing Accounts Payable B2B Prioritization 41

PYMNTS

APRIL 10, 2019

But cyberattacks and data breaches represent just one piece of the risk profile pie — and according to researchers, today’s CFO is prioritizing other threats facing the enterprise today. Talent Management, Economic Disruption.

Risk Management 54

Risk Management Leadership Prioritization Economics 54

PYMNTS

JANUARY 29, 2019

Data is the new currency, and as the market shifts, we see organizations realizing real business benefits from their investments in protecting their data.”. “This past year, privacy and data protection importance increased dramatically,” said Cisco Chief Privacy Officer Michelle Dennedy in a statement announcing the survey results.

Investments 59

Investments Compliance Education Benchmarking 59

PYMNTS

SEPTEMBER 19, 2019

Knowing where and how much cash there is across various legal entities, countries and currencies is crucial. All of this means that the needle will move from C2C to B2C to B2B along the continuum of real time payments adoption, with ripple effects on cash management. And now we are verging toward a fully real-time world.

Treasury 46

Treasury Cash Management Foreign Exchange Budgeting 46

PYMNTS

OCTOBER 19, 2016

Their investment strategies are also impacted by the issue of currency risks and inflation, both cited by about a fifth of survey respondents as a top macroeconomic concern. Low interest rates aren’t the only factor when it comes to how treasurers and CFOs prioritize their time.

Treasury 70

Treasury Prioritization Economics Leadership 70

PYMNTS

APRIL 22, 2016

People have to move currency, have to change currency, so forex transacting is changing very quickly because of globalization.”. dollar against the euro and Japanese yen, coupled with the increasing weakness of currencies in other markets. and France prioritizing protection against risk from FX fluctuation. Amid the U.S.

Marketing 40

Marketing Foreign Exchange Treasury Currencies 40

PYMNTS

JUNE 15, 2016

Kremer said he is witnessing a rise in SMEs prioritizing payments security, which could cause businesses to need some time before they’re comfortable with fully automating an expense. It’s not necessarily easy for an enterprise to hand off its recurring payment procedures to an automated software solution, however. ”

Invoicing 40

Invoicing Accounts Payable Prioritization Currencies 40

PYMNTS

MARCH 31, 2020

There are risks on all sides of a B2B transaction in the agriculture industry. While delayed B2B payments can be a challenge for any industry, the farming sector faces particularly challenging bottlenecks. Goods must be closely evaluated for quality, a process that can be slow and severely delay the release of funds.

B2B 75

B2B Foreign Exchange Finance Prioritization 75

PYMNTS

APRIL 18, 2016

“The addition of Real-time FX to the Saxo Payments Banking Circle recognizes that corporate treasury departments need to trade foreign currency in real time,” he said. And a key factor in achieving that is to make the FX trading an integral part of the overall cross-border payments process.”.

Foreign Exchange 40

Foreign Exchange Currencies Prioritization Treasury 40

PYMNTS

OCTOBER 6, 2017

But often, businesses prioritize security of customer data, then safeguard internal company data. Cybersecurity weighs heavily on corporates’ minds, especially when incidents like the Equifax data breach occur. Experts warn some companies could be missing a huge area prone to data hacks: payroll.

Marketing 55

Marketing Treasury Foreign Exchange Prioritization 55