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Open Banking Adds Intelligence To Treasury Management

PYMNTS

As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. Despite the data challenge, pressures on CFOs and treasurers continue to mount. Even so, Turner said U.S.

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EACT SURVEY 2021

Simply Treasury

Every year, EACT launches a treasury survey to identify top priorities for Corporates. Treasury top priorities. The 2021 EACT survey, as it has become a tradition, attempts early this year to determine what the treasury trends and priorities for multinational companies will be in the next 12 to 24 months.

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Collaboration Spurs Treasury Management Innovation

PYMNTS

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. For any new FinTech company, securing a deal with a financial giant is good news. But this use case can easily be applied to other industries, too.

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Open Banking’s Mixed B2B Bag

PYMNTS

Open banking didn’t just kick off via PSD2 regulations across Europe and the U.K. Rather, banks around the globe began to understand the potential value in opening up customer data to third-party players, and with more bank APIs emerging in 2018, the year saw a surge in data sharing.

B2B 70
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ERP Data On The Front Lines Of Blockchain Adoption

PYMNTS

Being able to transmit this type of data via blockchain would make B2B processes like invoice processing and payments far quicker, the company explained. Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too. However, this is changing.

SAP 57
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Amex, IBM Make B2B Finserv A Mixed Bag For Q2

PYMNTS

Here’s all the financial data you need to know from some of the largest B2B finance and tech businesses. Net income improved 4 percent year-over-year, while non-interest expenses declined 3 percent , the bank said. IBM missed the mark, Kyriba boasted its growth, and SAP has its S/4HANA solution to thank for a strong quarter.

B2B 46
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Coming out stronger in 2021 – What does good look like?

Future CFO

We replaced our entire treasury system in five months remotely,” he described. So, for finance to work efficiently “requires a different way of selling to the management,” said Tan. Data trust or integrity is another rising challenge. Coincidentally, Tan noted that the CFO teams need talent who “know how to monetize data.”

CFO 52