Future CFO

AUGUST 1, 2023

The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific. 49% of mid-size enterprises plan to automate billing and invoicing processes via cloud applications in the next 18 months.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

MAY 20, 2019

TransferMate Global Payments, the cross-border B2B payments provider, announced Monday (May 20) it inked a deal with Wells Fargo to deliver its Global Invoice Connect platform for U.S. In a press release , TransferMate said its Global Invoice Connect Platform enables U.S. based international businesses.

Invoicing 53

Invoicing Foreign Exchange Reconciliations Currencies 53

PYMNTS

FEBRUARY 28, 2020

Purchase, invoice and transaction data are invaluable to the journey of digitization and automation, but organizations are increasingly recognizing that the value can only be realized if that data can integrate seamlessly across platforms. Going Further With Open Banking. Cichy said he sees the opposite happening today, though.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

NOVEMBER 12, 2020

Contextual banking will change the way traditional financial institutions (FIs) interact with their business clients. Shields offered an example of intentional information: invoice data. Today, a bank simply receives a payment instruction from its customer. Building The Infrastructure.

Banking 88

Banking Invoicing Reconciliations Treasury 88

Future CFO

FEBRUARY 15, 2021

Mastercard said recently that it has partnered with SAP Concur to deliver an expense and invoice management process to banks, companies and government agencies in Asia Pacific for transactions with corporate cards.

SAP 40

SAP Invoicing Reconciliations Compliance 40

PYMNTS

JUNE 10, 2020

Credorax , the smart payments provider and FinTech, has announced a partnership with Samsung to develop blockchain technology to offer open banking services, according to a press release. Digitization in banking is on the rise due to the pandemic, which has seen people and businesses flocking to digital forms of financial services.

Reconciliations 53

Reconciliations Banking B2B Invoicing 53

PYMNTS

JULY 8, 2020

Missouri-based First Bank will now be using Autobooks to help clients such as small- to medium-sized businesses (SMBs) boost their banking experiences, according to a press release. Autobooks’ invoicing, accounting and payments tech “will enable small businesses to conduct their financial activities in one place.”.

Banking 64

Banking B2B Reconciliations Invoicing 64

PYMNTS

AUGUST 2, 2018

Accounts receivable (AR) management solutions provider Invoiced has enhanced its platform through a partnership with U.K.-based The company announced in a press release Wednesday (August 1) that its collaboration with GoCardless enables businesses to support direct debit payments when they invoice their customers.

Invoicing 40

Invoicing Accounting Reconciliations Currencies 40

PYMNTS

DECEMBER 15, 2017

Complex on so many levels, especially when it comes to payments and, more specifically, invoicing, where demands for payment are tracked through paper and electronic means. Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately.

Invoicing 48

Invoicing Reconciliations Currencies Foreign Exchange 48

PYMNTS

JULY 3, 2020

People’s United Bank Senior Vice President of Treasury Management Cris Sigovitch told PYMNTS that while access to payables FinTech solutions is important, perhaps even more essential is access to a trusted partner that can guide firms toward a resilient and future-proof AP department. . ” Offering the Right Tools.

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

PYMNTS

SEPTEMBER 16, 2020

PSD2 and open banking regulations were forged to accelerate competition in the financial services arena, and this week, a look at the latest initiatives reveals the opportunity for new market entrants to rival incumbents in the small business banking arena. Payoneer Debuts Program For Banks. Banking and accounting for U.K.

Banking 56

Banking Concentration Reconciliations Invoicing 56

PYMNTS

DECEMBER 11, 2019

based Metro Bank has begun piloting a new corporate expense management solution in partnership with Canadian FinTech Sensibill , a press release said Wednesday (Dec. The technology allows users to take a photo of a receipt, with data automatically captured and entered into transaction history for reconciliation.

Banking 52

Banking Reconciliations Invoicing Accounting 52

PYMNTS

FEBRUARY 1, 2021

Businesses receiving payments need to be able to match funds to the associated invoices or risk annoying clients with follow-up requests for money that has already been delivered. Reconciliation Challenges. Many firms still have AR systems that require employees to juggle different software platforms and conduct procedures manually.

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

PYMNTS

OCTOBER 30, 2020

Digitizing documents is key to optimizing workflows, but when it comes to the procure-to-pay space, not all digital invoices and purchase orders are created equal. XML invoices, which digitize the data on the invoice, are only a fraction of total invoice volume. What It Means to Be Digital.

Invoicing 110

Invoicing Cash Flow Forecasting Reconciliations Forecasting 110

PYMNTS

DECEMBER 16, 2020

Commercial cards have seen an increased adoption in both large and small Indian businesses as an option to protect and digitize supplier payments, drive savings and simplify reconciliation, according to the release. This alliance brings more options in how businesses pay and get paid, while maintaining exacting standards of security.”.

Reconciliations 92

Reconciliations B2B Invoicing Compliance 92

PYMNTS

NOVEMBER 18, 2020

The pandemic has exposed glaring points of friction in any number of verticals – including banking, where it’s apparent that legacy systems and processes were not designed to handle real-time anything, and certainly not payments. Is real-time ready for prime time?

Reconciliations 98

Reconciliations B2B Treasury Banking 98

PYMNTS

NOVEMBER 10, 2020

challenger bank Tide runs dry of SMB loan funds, while Payer launches an ID verification service for B2B eCommerce platforms. based specialist lender Just Cashflow , working with FinTech Railsbank , is rolling out its own business banking account program for small to medium-sized businesses (SMBs), according to a report from AltFi.

B2B 75

B2B Banking Reconciliations Planning 75

PYMNTS

JANUARY 8, 2021

Even so, there’s still plenty of work to be done to raise awareness about how sending or receiving RTP transactions can improve the banking client experience. To facilitate this transition in handling 24/7 cash flow, Whisler said TCH offers services such as intraday reconciliation. Limits And Fees.

Cash Flow Forecasting 139

Cash Flow Forecasting Banking Education Reconciliations 139

PYMNTS

JUNE 16, 2020

In addition to platforms connecting gig workers with companies looking for them, “Companies must also make sure they can quickly pay their freelancers, which involves reconciling the amounts requested with the services provided and listed on invoices,” the Tracker states. Manual Reconciliation, Begone. Close As Many Loops As Possible’.

Reconciliations 67

Reconciliations Invoicing Accounts Payable Auditing 67

PYMNTS

MARCH 16, 2020

In addition, the deal will allow better reconciliation of payments with the matching invoices. Hari Moorthy, global head of Transaction Banking at Goldman Sachs, said the bank wanted to put clients first and create a “frictionless” experience when exchanging payments.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

The Charity CFO

FEBRUARY 4, 2022

Record and classify payments and bank transfers . Create invoices for goods, services, and donations. Enter bills and vendor invoices. Prepare bank reconciliations. Let’s take a deeper look at the four key bookkeeping tasks: payroll, invoicing, expense allocation, and recording business transactions. .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

PYMNTS

FEBRUARY 11, 2020

Cloud accounting firm Xero and payments services company Square are collaborating to offer small businesses a tool for faster invoicing and payments, according to reports on Tuesday (Feb. Small and medium-sized businesses (SMBs) using Xero can email invoices with the built-in Square payment functionality.

B2B 83

B2B Invoicing Reconciliations Sales 83

Future CFO

JANUARY 22, 2024

Modern accounting software integrates seamlessly with diverse financial systems, automating tasks such as data entry, bank reconciliation, and invoice processing. The days of manual data entry into ledgers and journals, a process prone to human error, are long gone.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

PYMNTS

NOVEMBER 9, 2018

Barclays is rolling out an electronic invoicing solution for its U.K. 8) said Barclays now allows small and medium-sized businesses to access a mobile eInvoicing tool, including invoice generation and submission. The solution is available within the Barclays mobile business banking app for both Android and iOS devices.

Invoicing 67

Invoicing Reconciliations Banking Finance 67

PYMNTS

OCTOBER 20, 2020

Stampli , which works in accounts payable automation, has debuted a new feature called Stampli Direct Pay which a press release says will let companies pay invoices with ACH or from their own bank accounts. That, according to the release, has the effect of avoiding credit card processing fees laid at the feet of the vendors.

Accounts Payable 57

Accounts Payable Invoicing Reconciliations Communication 57

PYMNTS

SEPTEMBER 23, 2019

While FinTechs are offering a greater variety of solutions to business users than ever before, corporate finance chiefs and treasurers still turn to their banks first to improve their B2B payments strategies. Banks’ ability to be empowered through data can occur in other ways beyond API integrations, though.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

NOVEMBER 11, 2020

The Playbook also calls out “three-way invoice matching — in which staff must compare invoices to purchase orders and goods received notes,” and the frustrations that brings, but automation can reduce these stresses by matching these invoices automatically. Clearly, there are issues. A recent survey found that 74.2

Accounts Payable 87

Accounts Payable Invoicing Treasury Reconciliations 87

PYMNTS

AUGUST 3, 2020

It’s one factor in why so few challenger banks have launched in the country compared to markets like the U.K., where challenger banking has flourished in recent years. has been nowhere near other markets like Japan and Switzerland in embracing digital assets within the banking arena, though it’s not necessarily a surprise.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

CFO Simplified

JUNE 1, 2023

That certainly is a worthy concern, but of even more concern is the Office Manager that never takes a vacation, does all the AP work and bank reconciliations themselves, comes back from time off to run payroll, or issue checks. Banking — Never have the same person that issues the checks reconcile the bank account.

Reconciliations 52

Reconciliations Invoicing CFO Banking 52

PYMNTS

NOVEMBER 4, 2019

RedCloud Technologies has announced the launch of its optical character recognition (OCR) driven digital collections and reconciliation payment solution. London-based RedCloud allows unbanked users to make transactions without the need for a debit card, credit card, or even a brick and mortar bank.

Invoicing 40

Invoicing Reconciliations SAP Manufacturing 40

PYMNTS

JUNE 10, 2020

Payments must also be disbursed as quickly and seamless as possible to freelancers who may be experiencing financial pressures due to the pandemic, representing a sharp learning curve for companies still r elying on manual invoicing or payments processes. Why Slow Invoice Reconciliation Is Leading To Financial Pains And Rising Costs.

Invoicing 56

Invoicing Reconciliations Accounts Payable Communication 56

PYMNTS

FEBRUARY 24, 2020

These firms are finding that managing both systems in the cloud offers the flexibility and security needed to streamline invoicing and cut costs, while keeping operations running as smoothly and accurately as possible. Cloud computing’s scalability, flexibility and cost-efficiency are facilitating AP automation adoption.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

PYMNTS

DECEMBER 2, 2020

That mismatch of innovation creates B2B chokepoints, where digital invoices and payments are increasingly pushed to suppliers who don’t have the technology or automation in place to handle those technological advancements. And lastly, invoicing workflows are marred by manual processing. Addressing The Chokepoints .

B2B 79

B2B Invoicing Accounts Payable Reconciliations 79

PYMNTS

FEBRUARY 7, 2018

6) that it is expanding its partnership with Stripe to enable Xero customers to accept ACH bank transfers via Stripe’s platform. In order to enable ACH payments via Xero, customers just have to log in to Stripe from within the Payment Services setting to enable Stripe ACH bank transfers as a payment gateway.

Invoicing 44

Invoicing Reconciliations Accounting Banking 44

PYMNTS

SEPTEMBER 6, 2019

Small businesses that use these fleet card solutions will see their monthly invoices sent from BP automatically integrated into their Xero accounting platform as a draft bill. Business owners can then review and approve that bill to pay the invoice. The payment will also be automatically entered into Xero for seamless reconciliation.

Invoicing 53

Invoicing Reconciliations Accounting Banking 53

PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. At the same time, he explained to PYMNTS, industry collaboration can mean combining banks’ and FinTechs’ biggest strengths.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

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