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How Integrations Help Firms Manage AR, AP Data

PYMNTS

Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. Reconciliation Challenges. That information is then easy to process for generating insights and informing cash management decisions. .

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Citi: Accelerated Digital Migration Provides Insights Into B2B Behavior

PYMNTS

If at that time, someone would have asked Citi Managing Director and Global Head of Domestic Payments and Receivables Anupam Sinha how long it would take for corporate treasury organizations to fully embrace digital , he said his answer would likely have been something along the lines of, “Don’t hold your breath.”.

B2B 94
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How Treasurers Can Prepare For A Real-Time Payments Ecosystem

PYMNTS

The ability of blockchain infrastructure to store data means transactions can not only be settled in real time, but can also be linked to one specific invoice, opening up the potential for automated reconciliation.

Treasury 117
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Contextual Banking Awaits Its Star Turn

PYMNTS

The shift toward contextual banking has a tailwind in place as the financial institutions (FIs) that have been market leaders have been seeing strong deposit growth — and as corporate customers are growing those balances, they want to be able to see their account activity and cash balances visible within the same application on demand.

Banking 97
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SWIFT Readies ISO 20022 For X-Border Payments

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“It will allow for rich invoice and tax information, originator and beneficiary details, and necessary regulatory information for beneficiary jurisdictions,” it said. Widespread adoption of these standards will also allow for streamlined reconciliation and cash management transparency for beneficiaries, it added.

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How 'Internet Of Systems' Can Drive SMB Finance Transparency

PYMNTS

Although the purpose of digitization in the finance department is, in many cases, to strengthen cash management, the effect of so many siloed systems can actually be quite different. As Berghald explained, that’s because each critical function — from invoicing to payment to accounting — all occur separately from each other.

Finance 82
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Canada’s Path Toward B2B Payables Modernization

PYMNTS

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. Open Banking. Bank-FinTech Collaboration.

B2B 62