PYMNTS

MARCH 26, 2019

For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange. A recent controversy at American Express highlighted that risk for SMBs.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

FEBRUARY 19, 2019

That probably won’t come as a surprise to many in the B2B payments space, considering that organizations typically try to float their capital for as long as possible, a cash management tactic that can lead to longer payment terms with small suppliers, and the prevalence of late payments. In the U.K., and Europe have imposed.

Accounting 75

Accounting Cash Management B2B Invoicing 75

PYMNTS

JANUARY 8, 2021

Automation’s long march to the present day finds automation grinding out new solutions to cash management issues during a topsy-turvy economic time. Cash Management Moving in Virtual Directions. Back in 1785, a fellow by the name of Evans invented the first fully automated industrial process — a water-powered flour mill.

B2B 61

B2B Accounts Payable Invoicing Cash Management 61

Strategic Treasurer

OCTOBER 14, 2022

Details were gathered about banks’ concerns and recommendations for client security, corporate payment complexity, volumes, currencies, challenges, plans for technology use, and more. Among the top findings were the following points: Multiple Systems and Security Fraud Management Top List of Payment Challenges.

Securities 52

Securities Investments Planning Treasury 52

PYMNTS

JULY 21, 2020

With barriers to globalization coming down and new opportunities for growth discovered, corporate treasurers and CFOs are stepping into unfamiliar territory with their cash management operations. ” Challenge Turned Opportunity. Yet there is opportunity hidden within the friction, he said.

Treasury 64

Treasury Cash Management Data Analysis Compliance 64

PYMNTS

NOVEMBER 16, 2018

In an interview, the firm’s CEO and Co-founder Mihir Shukla said the investment will be used to drive more corporate partnerships within SoftBank’s network, and work to push ahead of industry rivals in an increasingly competitive market for enterprise automation and artificial intelligence (AI) technologies.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

SEPTEMBER 18, 2018

Despite all the negative news, despite all the political and trade tensions, despite all the currency declines, there are reasons for optimism for merchants, wholesalers, manufacturers and other businesses. What are the signals saying when it comes to such areas as trade, currency risk and emerging market stability? China, the U.S.

Foreign Exchange 62

Foreign Exchange Currencies Risk Management Cash Management 62

PYMNTS

MARCH 14, 2019

” Corporate cash managers may not be able to control many of those challenges, like ongoing geopolitical instability resulting in trade tensions and financial market volatility, or the rising threat of cyberattacks. And that’s all about using technology-based services to re-engineer treasury activities.”

Cash Management 77

Cash Management Currencies Corporate Finance Treasury 77

PYMNTS

OCTOBER 8, 2019

Cachematrix , a software as a service (SaaS) FinTech, specializes in making cash control easier. The world is moving toward better technology, simpler design and instant access to data and automated analytics,” said Mark Smith, Citi Global head of liquidity management services, treasury and trade solutions. “We

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

PYMNTS

NOVEMBER 8, 2018

In addition, Erste Bank has updated its MobilePay offering in Hungary , and Wallex Technologies has officially rolled out its products in Indonesia. And, in Indonesia, Wallex Technologies has officially rolled out amid licensure from Monetary Authority of Singapore (MAS) and Bank Indonesia, e27 reported.

Banking 51

Banking Transportation Cash Management Currencies 51

PYMNTS

MAY 19, 2017

AKUA deploys Data-as-a-Service technology that integrates into existing data analytics platforms to provide real-time information for logistics companies and other members of the global supply chain. Cash Management. Telr also offers payment APIs and supports transactions in multiple currencies, it explained. secured $10.3

B2B 61

B2B Investments B2C Cash Management 61

PYMNTS

JANUARY 27, 2020

According to the patent documentation, the tech will make it possible for a consumer to make a payment in any currency while allowing the receiver of the payment to choose what currency they would like to get it in. The network will automatically change the payment over to the desired final currency.

Currencies 52

Currencies Valuation Cash Management Securities 52

PYMNTS

SEPTEMBER 19, 2019

As a result, treasurers must grapple with the notion (and the needs) of cash crossing accounts many times a day. Cash management becomes a continuous process, throughout the business day. Knowing where and how much cash there is across various legal entities, countries and currencies is crucial. on Friday, he said.

Treasury 46

Treasury Cash Management Foreign Exchange Budgeting 46

PYMNTS

SEPTEMBER 4, 2018

Corporates may not be adopting faster and real-time payments technologies as fast as consumers, but that doesn’t mean the acceleration of payments isn’t impacting corporate finance. Real-time payment capabilities enable businesses to take advantage of faster currency conversions and real-time FX rate management.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

MARCH 6, 2020

Reyes, global head of liquidity and cash management for HSBC , and Nadya Hijazi, the FI’s head of eCommerce for global payments and cash management and global trade and re­ceivables finance, explain how the next stage of banking APIs could lead the way to thwarting faster payments fraud. In a feature story, Diane S.

Treasury 52

Treasury Auditing eCommerce Cash Management 52

PYMNTS

FEBRUARY 22, 2018

“The fact that more banks have joined also illustrates the interest in this project and in the potential of DLT [distributed ledger technology] in supply chain finance solutions.”. Together we have proved that blockchain technology will make trade finance faster and more transparent for all participants.”. There is a $1.5

Finance 46

Finance Banking Cash Management Currencies 46

PYMNTS

SEPTEMBER 25, 2018

As it turns out, there may be a disconnect between what treasury professionals need in their day-to-day endeavor of cash management and what their service providers think they need. Visibility into “cash in and cash out” of corporate coffers takes on a new urgency when funds flow across borders, time zones and currencies.

Treasury 55

Treasury Cash Management Securities Prioritization 55

CFO Simplified

OCTOBER 10, 2023

As technology improves, your bank may have added services that they didn’t have just a few months ago. Think in terms of Treasury Management. How the bank can handle and manage the money that moves through your accounts. You might need to operate in foreign currency. Not every bank will be ideal for you.

Banking 52

Banking Cash Flow Forecasting Forecasting Treasury 52

PYMNTS

MARCH 2, 2016

Blockchain proponents say the disruptive technology is worth the onboarding process. Last week, Ripple published a report outlining some of its boldest claims about the potential of distributed ledger technology, including that it could save banks money. Banks can hold their local currency and keep just one account.

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

PYMNTS

AUGUST 29, 2017

A business climate of rapid technological innovation, shifting geopolitical forces and changing risks have introduced a new conversation about the corporate treasurer: how can this position react to these trends and become a strategic part of the enterprise? Progress Ahead.

Treasury 46

Treasury Foreign Exchange Cash Management Risk Management 46

PYMNTS

MAY 22, 2019

Mark Judd, managing director of CDS Global in the U.K. and Australia, said in an announcement that the technology could “create new marketing opportunities for our clients and optimise the subscription order process for their consumers.”. Their order information is subsequently transferred for processing to CDS Global. And, in the U.K.,

Cash Management 43

Cash Management Communication Currencies Startups 43

Future CFO

MAY 26, 2022

The problem is that most subsidiary businesses have enough independence to decide on what tools and technologies they can use to support their business. According to EY , organisations are fighting through a thicket of clashing policies, processes and technologies when handling intercompany transactions.

Mergers and Acquisitions (M&A) 98

Mergers and Acquisitions (M&A) Accounting Foreign Exchange Compliance 98

Future CFO

FEBRUARY 7, 2024

Delving into the key trends shaping the treasury landscape in 2024, the focus is on themes such as staffing challenges, macroeconomic risks, technology adoption, and strategic financial management. Staffing challenges and technology adoption Staffing emerges as a central theme for corporate treasurers.

Treasury 105

Treasury Technology Cash Flow Forecasting Leverage 105

PYMNTS

JULY 10, 2019

Traditional accounts payable suffers multiple points of friction often rooted in that data is stored on paper or stuck in emails, is rarely integrated across multiple back-office systems, and is not easily digitized and analyzed for reconciliation and cash management purposes. Faster Payments.

B2B 62

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

PYMNTS

SEPTEMBER 6, 2017

In its biennial exploration of the evolving role of corporate treasurers, Deloitte is keeping tabs on how treasurers are embracing technology and gearing up to handle more responsibilities than ever before. Technology Tripping Up Treasury. dollar, yen, euro and others that “were fairly stable and predictable.”.

Treasury 43

Treasury Risk Management Cash Management Currencies 43

PYMNTS

JUNE 12, 2017

Strategic Treasurer and Bottomline Technologies recently published a joint report on the B2B payments landscape: B2B payments + WCM Strategies. That means initiating payments in multiple currencies with multiple partners. “As Electronic corporate payment technologies are expected to continue to increase, too, the report said.

Banking 60

Banking B2B Currencies Cash Management 60

PYMNTS

JUNE 20, 2016

But poor cash flow can ultimately lead to demise. Today, there are more technologies than ever that can help a company gain visibility into cash flow. This week’s B2B Data Digest focuses on the flux and flow of managing cash. This week’s B2B Data Digest focuses on the flux and flow of managing cash.

Accounts Payable 41

Accounts Payable Currencies Invoicing Profit and Loss 41

Future CFO

AUGUST 24, 2020

Most of the CFOs I speak to have reported multiple immediate challenges and priorities on the technology front. CFOs expect technology solutions to build a coherent strategy to deliver on these priorities while ensuring the technology tools they select during these times, are relevant and applicable in the future as well.

SAP 40

SAP Treasury CFO Credit Risk 40

Future CFO

DECEMBER 11, 2023

Technology’s role Admittedly, the advent of new technology, particularly generative artificial intelligence and OpenAI, has been spread out not only in the banking sector but across all industries. This view is shared by Austria, saying technology vendors are seen as partners instead of competitors or even threats.

Banking 98

Banking Finance CFO Leverage 98

PYMNTS

DECEMBER 24, 2018

There may be light at the end of the tunnel, though, through the advancements of technology – and specifically, through Big Data and artificial intelligence. Against that backdrop, and when it comes to payments, currencies can be volatile, too. So beware, or at least view skeptically, what is in your inbox.

Numbers 65

Numbers B2B Currencies Accounts Payable 65

PYMNTS

MARCH 31, 2017

In this week’s Hacker Tracker, Bottomline Technologies’ Ed Adshead-Grant shares his take on a few of the biggest cybersecurity happenings impacting the payments space. However, Ed Adshead-Grant, GM of payments and cash management at Bottomline Technologies , noted that this isn’t much of a surprise.

Communication 42

Communication Cash Management Currencies Technology 42

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. According to the report, more than a quarter of survey respondents said their firms have allocated at least $100,000 to payment technology investments in the year ahead.

Accounts Payable 44

Accounts Payable B2B Invoicing Prioritization 44

Strategic Treasurer

MARCH 6, 2023

Can you share some different views and types of cash? Craig Jeffery 2:22 Yeah, the totality cash is certainly cash is one way of looking at it and people can equivocate on the term what is what is cash mean? Does it mean currency? Does it mean physical cash? Does it mean available cash?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Treasury GAAP 52

Future CFO

MARCH 21, 2022

To achieve this, the Singapore-based treasury team, jointly with the local treasury staff, provides support by handling three key components: foreign currency risks, liquidity management and bank relationships. Maximising utilisation of the cloud.

Budgeting 52

Budgeting Treasury Risk Management Currencies 52

PYMNTS

MAY 30, 2018

Ant Financial’s Executive Chairman and CEO, Eric Jing, has previously indicated the Chinese tech giant’s intention to open up its technologies to outside partners, and we are now seeing the fruit of his vision. Also, Alipay has added two new third-party money market funds to its Yu’e Bao spare cash management platform within the Alipay app.

Banking 40

Banking Risk Management Startups Cash Management 40

PYMNTS

MAY 10, 2016

“We stand on the brink of a technological revolution that will fundamentally alter the way we live, work and relate to one another,” wrote World Economic Forum Founder and Executive Chairman Klaus Schwab in an article published last January. Commentary from CFOs surveyed highlights the need for more specialized, custom financing.

Manufacturing 40

Manufacturing Analyzing Data Finance CFO 40

Future CFO

SEPTEMBER 23, 2019

RippleNet is a major one—the global payment network run by US-based Ripple using blockchain and cryptocurrency technologies. Indeed, RippleNet enables users to send money cross-border in seconds even earlier.

Foreign Exchange 40

Foreign Exchange Currencies Banking Technology 40