Remove Cash Management Remove Financial Data Remove Invoicing Remove Reconciliations
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ERP Data On The Front Lines Of Blockchain Adoption

PYMNTS

The solution is called Finlync SAP-DL Integrator , and the idea, said Finlync in an interview with PYMNTS, is that the ERP system is the central home to critical data like purchase orders and invoices, business partner payment information and the like. Blockchain and the distributed ledgers can eliminate international data fraud.”.

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In Payments Automation, Don’t Forget Accounts Receivable

PYMNTS

But a new report from Corcentric , written by the Institute of Finance & Management (IOFM), details the hurdles on the other side of the payment. Accounts receivable processes, like their AP counterparts, are similarly plagued by manual, paper processes, making the cash management effort monumental for suppliers.

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Collaboration Spurs Treasury Management Innovation

PYMNTS

Deals were made with B2B invoicing and payments firm Viewpost, as well as health care blockchain company Gem and natural language search technology company ClearGraph. It’s the reasoning behind Capital One’s latest round of partnerships announced late last month. But this use case can easily be applied to other industries, too.

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The Virtual Card Case For Nonprofits

PYMNTS

Making sure the books add up properly is key to keeping their legal nonprofit status, and that means cash management is paramount. Because virtual cards are just that — virtual — they automate the payment and reconciliation processes, connecting payment data directly into financial systems. Not-For-Profit.

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How Restaurant AP Grows Value With The Front-Office POS

PYMNTS

But Wilson told PYMNTS in a recent interview that the opportunity in connecting the flow of financial data from the POS through the back office is significant in helping industry players gain cash flow visibility. Unfortunately, according to Wilson, paper invoices probably aren’t going away any time soon in this space.