Remove Cash Management Remove Financial Data Remove Invoicing Remove Technology
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The Financial Data Goldmine Of Order-To-Cash

PYMNTS

Order-to-cash is an area of cash flow management that has the potential to significantly enhance a business’s financial performance. Emagia recently announced a partnership with Solix Technologies, a big data company, with these capabilities in mind.).

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Survey Reveals: The Top SaaS Solutions Redefining Finance Departments in 2024

The Finance Weekly

Meanwhile, larger enterprises are updating their older technology stacks with superior and more robust alternatives. This often involves replacing outdated ERP systems or implementing new cash management solutions. This has led to increased competition and fostered a more inclusive and efficient financial ecosystem.

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ERP Data On The Front Lines Of Blockchain Adoption

PYMNTS

The company announced earlier this month that it has developed what it claims to be the world’s first technology to integrate blockchain into ERP systems like SAP. Being able to transmit this type of data via blockchain would make B2B processes like invoice processing and payments far quicker, the company explained.

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B2B APIs Bring Access And Speed To Finance

PYMNTS

For example, startup Revolut has an API that accesses clients’ financial data on the Intuit QuickBooks accounting platform and adds banking connectivity, giving SMBs new transparency and control over liquidity, cash management and more. That idea understandably has immense appeal to SMBs, and APIs are the conduit.

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Not All SMBs Are Open To Open Banking

PYMNTS

Payments, finance and cash management were also chosen as areas that both large firms and SMBs said could be improved as a result of their banks’ Open Banking efforts. SMBs about their attitudes surrounding Open Banking and, specifically, its reliance on data sharing between banks and third parties.

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Collaboration Spurs Treasury Management Innovation

PYMNTS

In B2B payments, that can mean discontent in the way traditional banks and FIs do business or a need for disruptive technologies to come to market faster than banks can offer. 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.

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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.