PYMNTS

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Open Banking. While Canada has not yet enacted open banking regulatory requirements, much like the U.S.,

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

Spreadym

JUNE 19, 2023

Here is a general process for effective cash flow management: Establish a Cash Flow Forecast: Begin by creating a cash flow forecast, which estimates the expected cash inflows and outflows over a specific period (e.g., This forecast serves as a baseline for monitoring and planning your cash flow.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

PYMNTS

MAY 14, 2018

A payments initiative, backed by Germany-based Deutsche Bank , could lead to another web-based payment option for airline passengers and diminished revenue for credit card providers. But each is a proprietary solution, whereas the IATA-Deutsche Bank pilot will test a solution that is applicable to many air passenger transactions.”.

Accounting 40

Accounting Banking Reconciliations Transportation 40

PYMNTS

APRIL 14, 2020

In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cash management can find application programming interfaces (APIs) to be a useful (and even critical) tool.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

NOVEMBER 12, 2020

Corporates must look at the entire set of processes that govern operations, whether with their own clients or suppliers and with banking partners in the middle, he said. So moving from that directly to consumers has a pretty significant impact on the way their sales, payment, collection and reconciliation processes work,” he said.

Treasury 118

Treasury Cash Flow Forecasting Reconciliations Prioritization 118

PYMNTS

OCTOBER 30, 2020

Redirect fraud is another issue, in which hackers alter an existing invoice or generate an entirely fraudulent one with different bank account details on the bill. There will certainly be people who pay without thinking, 'What's going on here?'". AI will continue to be an instrumental role in that effort.

Invoicing 110

Invoicing Cash Flow Forecasting Reconciliations Forecasting 110

PYMNTS

MARCH 17, 2020

Yet for those banking partners, the fact that every corporate is at its own unique position in the digitization process presents a challenge as to which products to offer, and how to enable corporate clients to adopt them — a predicament that impacts everything from banks’ investments in infrastructure to their FinTech collaboration strategies.

Treasury 69

Treasury Reconciliations Banking Compliance 69

PYMNTS

MARCH 26, 2018

“These expanded tracking capabilities are part of a series of gpi services that we will roll out in 2018 to further improve the cross-border payments experience, enable banks to provide a far superior service to their customers and rapidly attract more banks to join,” said SWIFT head of payments Harry Newman.

Cash Flow Forecasting 43

Cash Flow Forecasting Reconciliations Invoicing Forecasting 43

PYMNTS

JANUARY 19, 2021

The enhanced data they’re able to generate through virtualization simplifies reconciliation and gives them access to reporting, enabling them to better forecast future cash flows,” Blair explained. Buyer-initiated payments are delivered directly into the supplier’s bank account without any action required from the supplier.

B2B 93

B2B Invoicing Reconciliations Treasury 93

PYMNTS

DECEMBER 4, 2020

Corporates, banks and financial institutions (FIs) have decentralized systems over time, putting up data siloes and “between [enterprise resource planning], source to pay and the final execution of the invoice payment, add[ing] layers of manual inputting for AP professionals.”. Non-Optimized No Longer An Option.

B2B 57

B2B Invoicing Reconciliations Forecasting 57

PYMNTS

APRIL 9, 2019

While use of trade finance continues to climb, the International Chamber of Commerce ‘s Banking Commission has warned the financial services market that small and medium-sized business (SMB) access to trade finance is disproportionately low, as large financial institutions (FIs) pull back from the SMB borrower segment. Combining Forces.

Finance 63

Finance Cash Flow Forecasting Reconciliations Treasury 63

Planful

JANUARY 11, 2022

Consistent with their 2018 forecast, McKinsey’s late 2020 study found that organizations that invested more in digital than their competitors were twice as likely to report outsize revenue growth. Now is the time for CFOs at organizations of all sizes to lean on AI to plan, budget, and forecast with greater accuracy, speed, and confidence.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

PYMNTS

JUNE 11, 2020

Preserving firms’ existing banking relationships and collaborating with FinTechs to ensure back-office integrations with enterprise resource planning (ERP) systems and other third-party platforms are important parts of this process, but keeping an eye on vendor relationships is also key. Xero, Transferwise Team For SMB Cash Flow.

B2B 52

B2B Accounts Payable Cash Flow Forecasting Reconciliations 52

Future CFO

NOVEMBER 5, 2019

Enabled by context-learning capabilities, these tools can extract data such as invoice numbers, bank account numbers, and the amounts payable regardless of the format of the invoices. To make these tools more accurate in document recognition and data extraction, finance functions need to train them with many sample documents.

Finance 52

Finance Auditing Invoicing Reconciliations 52

PYMNTS

NOVEMBER 22, 2016

Researchers forecast mobile payments to account for $1 trillion in transactions next year. And while that trend is universal, the Asia-Pacific region is a particular hotbed for mobile FinTech. “Recent focus on financial inclusion policies in various countries has given a boost to connecting the unbanked.”

B2B 65

B2B B2C Vendor Management Reconciliations 65

PYMNTS

JULY 8, 2016

The operation of a supply chain that is far-flung requires business intelligence functionality that works across the cloud, and the TMS suite enables the reconciliation of currencies in real time.

Treasury 40

Treasury Reconciliations B2B Forecasting 40

PYMNTS

JANUARY 31, 2018

The movement of information is filled with friction in B2B transactions today, with deals across borders and between third- and fourth-parties, creating a muddle of data that can delay supplier payments and disrupt the reconciliation process. Purchase orders can be sent digitally,” he said, as an example.

B2B 43

B2B Education Forecasting B2C 43

PYMNTS

OCTOBER 6, 2020

Bank of America is rolling out three new application programming interfaces (APIs) as it supports the growing demand for up-to-the-moment data and processing in business treasury. Our clients can transact and see real-time banking data directly from their own enterprise software, giving them an advantage in the digital, always-on economy.”.

Treasury 75

Treasury Foreign Exchange Banking Reconciliations 75

The Finance Weekly

APRIL 13, 2024

This includes tracking past financial activities, ensuring compliance and reporting, as well as forecasting future financial scenarios for better budgeting. After aggregating and validating your forecasting data, you can choose between a tabular data presentation or a visual dashboard for sharing insights with stakeholders.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. While spreadsheets are commonly used and easy to modify, they are not designed to store and protect sensitive information. You might be thinking, “If not Excel, then what?”

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

Spreadym

JULY 10, 2023

Here are the typical steps involved in the financial close process: Pre-Close Activities: This phase involves preliminary activities to prepare for the close process, such as reviewing account reconciliations, ensuring the completeness of transactions, and resolving any outstanding issues or discrepancies.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. Forecasting. Bank reconciliation: Because employees can quickly modify or change numbers, you may run into false reconciliations. Spotting trends.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

PYMNTS

AUGUST 12, 2016

Reconciliation becomes a massive headache for the institution, especially when tens of thousands of remittances hit them at one time, which is the nature of the tuition payments beast. So, if Apple Pay were to get a head of steam, those 15 basis points could end up costing those banks real money. Apple And The Aussies. Fizzle and fail.

Reconciliations 40

Reconciliations Prioritization Securities Banking 40

PYMNTS

MARCH 18, 2020

As Biegel explained, a lack of data standardization across payment tools remains a challenge to the reconciliation and cash application process, even when that data is electronic. The lockbox offers an important step toward digitizing data in check transactions, which is key to reconciliation and cash application processes.

Reconciliations 80

Reconciliations Invoicing Communication B2B 80

CFO Leadership

MARCH 31, 2022

New currencies, global banking structures, regional regulations, disparate processes, and disconnected systems all add complexities to the treasury operations. Treasury professionals may now have to keep an overview on hundreds of bank accounts with different bank partners, in multiple currencies and in many countries around the world.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

CFO Simplified

APRIL 8, 2022

Bank reconciliations should be reviewed by management. In addition, each payment that clears the bank should be verified. The cash receipts journal should match bank deposits. Develop a cash flow forecast, identifying cash to be received and cash expenditures each week. Credit card bills should also be reviewed.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Reconciliations Forecasting 52

Future CFO

APRIL 7, 2022

This difference also makes payment reconciliation more complicated from an accounting standpoint (e.g., banking fees). Cash management policies should focus on budgeting, forecasting and financing and indicate how to handle day-to-day activities such as collections, procurement/ordering and payment.

Finance 98

Finance SAP Leadership Cash Management 98

PYMNTS

MARCH 2, 2020

Additionally, data connectivity can benefit a range of processes, like payroll and cash forecasting. It requires the technological collaboration of multiple parties, including the sender, receiver, banks and payment rail networks. Payments, and more specifically, initiating a transaction, can be a bit more difficult to accomplish.

Accounting 56

Accounting Reconciliations Profit and Loss B2B 56

Spreadym

AUGUST 10, 2023

Spreadym Spreadym is a financial planning and analysis (FP&A) software designed to enhance planning, budgeting, forecasting and financial reporting processes within a company. Bank Reconciliation: Xero's bank reconciliation features help ensure accurate financial data, which is crucial for reliable reporting.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

PYMNTS

SEPTEMBER 4, 2018

A new report from Deutsche Bank suggests that even if adoption of accelerated payments remains muted for corporates, the trend is still affecting the enterprise and how it manages money — a fact that corporate treasurers must pay particular attention to. It’s not huge, but it’s not dismissible, either.

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

Barry Ritholtz

OCTOBER 3, 2023

00:29:57 You’ve got a big banking business that you care about, and you’ve got a lot more aspects of the company that you care about. We did not have the strongest West Coast banking presence. You know, funding a, a a a a institution or funding a bank is really important. They run outta liquidity.

Marketing 108

Marketing Treasury Banking Profit and Loss 108