PYMNTS

AUGUST 9, 2017

That’s because these companies are often working onsite and in the field, therefore having to issue invoices and accept payment on-the-spot, too. are sitting on $825 billion in unpaid invoices, with the average small- to medium-sized business (SMB) owed $84,000. Fundbox researchers estimated that small businesses in the U.S.

Invoicing 45

Invoicing Advertising Cash Management Securities 45

PYMNTS

MARCH 4, 2020

APIs can become major targets for hackers and fraudsters, however, and businesses need to step up their API security in response. Singapore-based bank DBS is offering an API-powered payment service that lets companies scan QR codes on invoices to then immediately pay suppliers via the city-state’s near-real-time payments rail.

Treasury 96

Treasury B2B Cash Management Leverage 96

PYMNTS

AUGUST 3, 2020

One financial technology firm currently navigating the process of securing a bank charter is Avanti Financial Group , and as it approaches market launch, Founder and CEO Caitlin Long said the firm is focusing on another area of financial services that has struggled to manage complex regulatory challenges: digital assets.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

AUGUST 24, 2018

The acquisition will also bridge Allied’s existing customers to the banking and cash management offerings of Axiom, the companies said. According to the press release, Allied targets small and middle-market companies with its invoice financing solution. Financial details of the takeover were not disclosed.

Banking 54

Banking Invoicing Manufacturing Construction 54

PYMNTS

JUNE 19, 2019

The bank is integrating Identitii tokenization technology to launch HSBC DART, a secure digital information exchange offered under its Global Liquidity and Cash Management (GLCM) business. “HSBC’s DART is an industry first,” said Identitii CEO Nick Armstrong in a statement.

Accounting 55

Accounting Communication Cash Management Invoicing 55

Future CFO

DECEMBER 6, 2021

In the past 18 months with the onset of the COVID 19 pandemic, International SOS, which delivers health and security services has been automating its cash collection process. Working closely with technology partner Esker International, the company moved from 85% paper-based invoices to handling 95% electronic invoices today.

Invoicing 52

Invoicing Cash Management Treasury Finance 52

PYMNTS

JUNE 11, 2019

Electronic invoicing and settlement solutions provider PayCargo, which targets the shipping and logistics industry, will integrate payments processing into Unisys Corporation’s Digistics solution, the companies announced this week. ” .” ”

Transportation 73

Transportation Cash Management Invoicing Leverage 73

PYMNTS

DECEMBER 21, 2016

The invoicing and corporate cash management firm revealed that the NBA team is now using Viewpost to manage its own supplier payments needs, enabling the franchise to send digital invoices to its corporate clients and accept electronic payments.

B2B 50

B2B Invoicing Planning Cash Management 50

CFO Simplified

MARCH 11, 2024

Client Satisfaction: Law firms rely heavily on client satisfaction for not only repeat business and referrals, but also for collection of invoices that they’ve sent out. And just as important is that assuring the satisfaction of a client is critical to assuring that their invoices are going to be paid.

Profit and Loss 52

Profit and Loss CFO Risk Management Invoicing 52

PYMNTS

MAY 19, 2017

WannaCry’s explosive impact on the industry has enterprise security on everyone’s mind, and this startup is now a unicorn because of that attention, closing $100 million in Series D financing. Find out which startup landed the cash, along with the other B2B startups that saw their share of investments this week, below. Cash Management.

B2B 61

B2B Investments B2C Cash Management 61

PYMNTS

JANUARY 26, 2017

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. Faster processes, less complexity, heightened security — it seems like a no-brainer.

SAP 57

SAP Invoicing Reconciliations B2B 57

Reval

JUNE 13, 2017

According to Kerry Logistics Group Treasurer Eddie Mak, Kerry’s previous spreadsheet and paper-based invoicing process for tracking and reconciling intercompany transactions took much manpower for little gain. “We Securing this award is an outstanding example of a treasury department generating a great ROI and becoming more strategic.

Foreign Exchange 52

Foreign Exchange Treasury Cash Management Risk Management 52

PYMNTS

APRIL 4, 2019

These current market conditions have helped shape the dynamic between cash flow management and trade finance, with many small suppliers turning to external finance out of necessity — either to access financing while they wait for their customers to pay invoices, or to link their customers to financing as they struggle to pay invoices themselves.

Finance 56

Finance B2B Invoicing Securities 56

Future CFO

DECEMBER 11, 2023

Suppliers can embed real-time payment instructions in customer communications to simplify invoice processing. Villanueva attributed this to the convenience, transparency, and security of the process. The common question that comes to mind for the regular consumers: ‘How secure is my money or my funds inside this app?’”

Banking 98

Banking Finance CFO Leverage 98

PYMNTS

OCTOBER 25, 2017

Countingup , a FinTech that aims to combine and streamline corporate banking and accounting for small- and medium-sized businesses (SMBs), secured fresh funding this week, according to news from TechCrunch. Fouracre told the publication that it will also provide VAT returns, invoice generation, reporting and other features. “If

Accounting 44

Accounting Banking Invoicing Construction 44

PYMNTS

DECEMBER 11, 2019

Those pain points expand far beyond the retailer’s walls, too, as these businesses are forced to figure out how to utilize high volumes of cash to make payments to their B2B suppliers. Orders are placed and shipped, and a paper invoice is generated, with retailers using legacy payment strategies to settle those bills.

B2B 52

B2B Invoicing Accounts Payable Compliance 52

PYMNTS

JUNE 22, 2020

AP practices that require processing paper invoices from vendors and mailing out checks force employees to work from their offices, putting their health — and their satisfaction with their employers — at risk. The right choices can keep suppliers satisfied while helping buyers address their own cash management concerns.

Accounts Payable 56

Accounts Payable Invoicing Banking Cash Management 56

PYMNTS

NOVEMBER 9, 2020

Accounts payable (AP), accounts receivable (AR) and other capital management workflows are also not immune to pandemic-related struggles. One study found that 74 percent of accounting staff reported pain points when manually processing invoice data, for example, with 68 percent citing manual invoice routing as their top concern.

Accounts Payable 52

Accounts Payable Forecasting Invoicing Leverage 52

Boston Startup CFO

APRIL 3, 2023

This includes reconciling cash and credit card transactions, processing and documenting financial transactions, and inputting the data into your startup’s accounting software. This includes managing invoices, receipts, and payments, as well as reconciling bank statements.

Accounting 52

Accounting Accounting Principles GAAP Compliance 52

Future CFO

APRIL 21, 2021

Manual AP invoicing has been outdated and inefficient for years now, so when business across the globe encountered significant disruptions, companies with digital transformation still on their to-do lists felt the impact on their operations far more than those already using automation. Improving supplier management and relations.

Accounts Payable 40

Accounts Payable Accounting Invoicing Finance 40

PYMNTS

OCTOBER 31, 2019

One of their biggest benefits for users is not only its ability to offer a secure location in which to receive paper checks; the lockbox is also critical to receiving documentation about a transaction. Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms.

Reconciliations 43

Reconciliations Invoicing B2B Treasury 43

PYMNTS

APRIL 3, 2020

The efficiency acts as a catalyst to streamline invoice processing, too, he noted, particularly for larger companies ingesting a high volume of invoices with multiple layers and personnel along the invoice approval chain. A Payments Balancing Act. “We started out with spreadsheets just like everybody else,” he said.

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

PYMNTS

SEPTEMBER 19, 2017

It used a “packing” technique to compress code with encryption to evade Google’s security filters. Google and Intuit have teamed up to boost Australian small and medium-sized businesses (SMBs) with cash management. The idea is to offer more payment options to consumers while creating a more secure online checkout for merchants.

Invoicing 40

Invoicing Cash Management Manufacturing Securities 40

PYMNTS

FEBRUARY 14, 2017

Together, the companies rolled out a cloud-based invoicing and B2B payment solution aimed at helping business users better manage cash flow. ” In another statement, Mastercard Head of Commercial Products for the Middle East and Africa Adam Jones said cash management is a critical challenge for companies.

Accounts Payable 40

Accounts Payable B2C B2B Invoicing 40

PYMNTS

OCTOBER 1, 2020

Beyond the particulars of check disbursements or ACHs (and the detailed instructions that accompany any payment between buyer and supplier), Disque said automating payments into enterprise resource planning (ERP) or cash management functions (thus eliminating manual touchpoints) are especially beneficial in a remote working environment.

Accounts Payable 77

Accounts Payable Cash Management Construction Invoicing 77

PYMNTS

SEPTEMBER 30, 2016

And that goes for the industries covered, too, with treasury management’s Kyriba, blockchain’s BlockApps and enterprise security’s Druva landing on the board, to name a few. Find out who else secured funding below. Expense Management. Enterprise Security. Treasury Management.

B2B 70

B2B Treasury Startups Cash Management 70

PYMNTS

NOVEMBER 16, 2018

France’s iBanFirst secured $17 million for its corporate cross-border payments solution, sources reported this week, with Serena Capital and Breega Capital leading the way. For instance, its LaaS platform lets businesses provide invoice or payroll financing to their customers.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

JUNE 10, 2016

in the alternative SME lending space, while B2B startups from the Netherlands and Spain also secured impressive rounds. Kabbage’s sister firm Down Under secured $1.5 Reports said Satago became one of the first startups to secure capital through equity crowdfunding in 2012. ” Invoice Finance. Alt-Lending.

Startups 40

Startups B2B Invoicing Finance 40

PYMNTS

JUNE 21, 2018

The stats indicate key areas in which professionals say they are increasing awareness and use of digital solutions to make accounts payable and accounts receivable processes faster, more streamlined and more secure. More than half noted that invoice and payment automation are also highly prioritized within their organizations.

Accounts Payable 44

Accounts Payable B2B Invoicing Prioritization 44

PYMNTS

MARCH 23, 2017

Receivable Savvy, an accounts receivable and order-to-cash management firm, wants suppliers to see Same Day ACH as an opportunity to bolster cash flow. The company, which provides education and resources for suppliers, recently released a new eBook to guide vendors on how to take advantage of Same Day ACH technology.

B2B 54

B2B Invoicing Reconciliations Education 54

PYMNTS

DECEMBER 12, 2017

When it comes to wire transfers, meanwhile, separate analysis from the AFP found that 74 percent of companies surveyed said they were hit with a business email compromise scam in 2016, which typically involves scammers requesting payment via wire transfer for a fraudulent invoice. Indeed, the issue of late payments is growing in the U.S.:

Accounting 44

Accounting Cash Flow Forecasting B2B Invoicing 44

PYMNTS

OCTOBER 17, 2017

17), Visa said it is tackling that issue through a new partnership with accounts receivable (AR) and cash management company Billtrust. In an announcement on Tuesday (Oct.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

NOVEMBER 4, 2016

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. For any new FinTech company, securing a deal with a financial giant is good news. But, as Moore explained, these types of collaborations are critical to the banks, too.

Treasury 79

Treasury B2B Leverage Reconciliations 79

PYMNTS

MARCH 7, 2016

As soon as the job has been completed, the field technician issues an invoice electronically via a connected smart device,” he said. The customer can then make a ‘live,’ secure online payment by entering their card details into the smart device.”. The device is synced into the IntegraPay network to then process those payments.

Invoicing 40

Invoicing B2C B2B Cash Management 40

PYMNTS

APRIL 18, 2016

” There are the obvious sources of information being handled by cross-border business partners, he noted, like invoices and purchase orders. For instance, while invoices are connected to cross-border B2B payments, that exchange of data doesn’t always result in the understanding of that data. Exposure To Risk .

Foreign Exchange 40

Foreign Exchange Invoicing B2B Accounts Payable 40

PYMNTS

APRIL 12, 2016

Making sure the books add up properly is key to keeping their legal nonprofit status, and that means cash management is paramount. But what a commercial card can’t do as well as a virtual card is security. Finally, the fourth major benefit of virtual cards is better cash management, stated Vendor Centric.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

SEPTEMBER 26, 2016

From sourcing to invoicing, B2B transactions involve a lot of steps before the actual payment. And Clark also pointed to the ability for electronic payment technologies to boost corporate cash management by adding visibility into their cash positions. Finding common ground between the two, of course, is key.

B2B 65

B2B Cash Management Invoicing Securities 65