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Veem Now Offers Locked Exchange Rates For Foreign Payments

PYMNTS

Cross-border payments processing company Veem has announced that it is offering locked exchange rates for foreign exchange payments. The feature will allow small businesses to lock in an exact exchange rate for up to 92 days in advance for incoming or outgoing payments scheduled during that time.

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JPMorgan Develops AI Virtual Assistant For Corporate Customers

PYMNTS

billion annual technology budget goes toward development of new tools. “We Do you know you could send a foreign exchange ACH payment instead? For instance, the tool is able to suggest that a user call certain businesses because they are late on invoice payments. dollar wires to Singapore. Click here to sign up.’”.

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What Payments Players Had To Say About Innovating Payments In A Pandemic

PYMNTS

Add in the current climate of heightened geopolitical uncertainty, trade disputes, foreign exchange volatility and regulatory complexities, and corporate treasurers have their work cut out for them, often with reduced budgets and slim staffing. Overall, these trends mean there are more electronic means of transferring money.".

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Cash-Flow Forecasting remains KING

Simply Treasury

Unfortunately, invoices do not get paid in profit, but in cash. For many, CFFs are simply a sort of budget revision exercise. The consolidation scope must be as consistent as possible over the various budgeting, forecasting, and accounting periods, to provide consistency and comparability. Profit Centre/Business Unit ).

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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

PYMNTS

Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. Revolut is an app-based consumer bank account that allows customers to send and receive money and use built-in budgeting tools.

Startups 102
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Best Financial Innovations 2024

Global Finance

This tool allowed the entire buyer-supplier ecosystem to move away from manual invoice and payment processing to real-time monitoring of invoices, payments and balance tracking. Its budgeting functions help companies manage funds, and it provides a preview of upcoming transactions.

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Expense Management Digs Deeper Into Corporate Ground Transit

PYMNTS

But it can also mean booking rides a year in advance, “which is something businesses love in terms of planning, budgeting and expense management,” the CEO noted. Yes, that sometimes means a quick ride on the fly. The B2B ground transportation segment also has to cater to the differing corporate cultures around the world.