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. Open Banking. Bank-FinTech Collaboration.

B2B 62

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

PYMNTS

NOVEMBER 7, 2017

The accounts receivable solution enables companies to gain visibility into incoming payments for greater working capital management, Citi explained. It aims to reduce Days Sales Outstanding and supports streamlined reconciliation.

Reconciliations 48

Reconciliations Treasury B2B Cash Management 48

PYMNTS

AUGUST 3, 2020

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

Treasury Currencies Invoicing Cash Management 117

PYMNTS

AUGUST 1, 2019

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

Reconciliations 76

Reconciliations Cash Management Invoicing Banking 76

PYMNTS

NOVEMBER 17, 2020

Boost Intercept, Boost’s straight-through processing platform, automates manual payments and reconciliation processes, making it easier for organizations of all sizes to use and accept commercial cards.

Healthcare 52

Healthcare Reconciliations Cash Management Technology 52

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. Billtrust has deep expertise in addressing the pain points that suppliers and merchants have within B2B,” said Taira Hall, vice president, U.S.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

MARCH 27, 2019

“By streamlining supplier onboarding, tax compliance, invoice processing, global payments and payment reconciliation, Tipalti helps modern finance organizations strategically scale more rapidly and efficiently.” The enhanced integration aims to strengthen control and communication for both ends of the transaction.

B2B 46

B2B Accounts Payable Reconciliations Cash Management 46

PYMNTS

NOVEMBER 26, 2020

These longstanding frustrations have recently become more concerning for both parties, however, as the COVID-19 pandemic has made paycheck speed more essential for businesses’ cash flow reconciliation and employees’ bill-paying needs. Meeting accelerating expectations in real time . The vast majority of U.S.

Cash Management 75

Cash Management Reconciliations Economics Budgeting 75

PYMNTS

FEBRUARY 1, 2021

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

Finance Invoicing Reconciliations Prioritization 82

Future CFO

JULY 19, 2021

CFOs are reconsidering the cash management process. Cash application has been one of the areas in the spotlight as electronic payments have increased and replaced checks. This results in an increasing amount of unapplied cash and an increase in the amount of re-work required to complete the reconciliation.

Cash Management 52

Cash Management Reconciliations Treasury Sales 52

PYMNTS

OCTOBER 6, 2016

. “Business uptake of mobile payments is gathering significant pace, as the functionality and flexibility of this channel gains trust and acceptance in finance and treasury departments globally,” said HSBC Global Head of eCommerce, Global Liquidity and Cash Management Nadya Hijazi.

Foreign Exchange 63

Foreign Exchange Reconciliations Cash Management Treasury 63

Simply Treasury

JUNE 3, 2021

automatic reconciliation, Straight Through Processing / STP, use of mass data, etc.). The maturity of technological solutions makes it possible more than ever to place greater hope in improved cash management. The crisis has crystallized the need to digitize and accelerate the ongoing transformation.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

JULY 2, 2020

Leavitt , founder and CEO of Boost Payment Solutions , said commercial card programs are now coming to the forefront of AP departments’ priority lists when delaying payments is no longer the most viable, or effective, cash management option. “It’s also the ergonomics of it.

Economics 104

Economics Accounts Payable B2B Reconciliations 104

PYMNTS

JULY 22, 2020

Standardization of payments messaging and enriched data, along with the immediacy of funds, has enabled real-time payments infrastructure to introduce greater value to organizations in areas like financial crime prevention and payment reconciliation. ” Driving Ubiquity.

Reconciliations 90

Reconciliations B2B Cash Management Technology 90

PYMNTS

APRIL 3, 2020

Not only do businesses struggle to manually process payments, but reconciliation across payment rails is also a headache as each banking and payment provider presents information in different ways. According to Vrishaketu, this is a common occurrence for organizations struggling to automate. ” From Onboarding to Compliance.

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

PYMNTS

JANUARY 26, 2017

“Processing corporate payments as peer-to-peer, directly on blockchains, gives for instant settlement and, therefore, real-time reconciliation and accounting,” the company said. Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

OCTOBER 31, 2019

It’s great to get a check, or wire, or ACH, but if you don’t know what it’s to be applied to, you have a huge cash application and reconciliation challenge.”. “In a macro sense in accounts receivable, it’s this same challenge.

Reconciliations 43

Reconciliations Invoicing B2B Treasury 43

PYMNTS

APRIL 14, 2020

In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cash management can find application programming interfaces (APIs) to be a useful (and even critical) tool. Age And Complexity.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

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. Because virtual cards are just that — virtual — they automate the payment and reconciliation processes, connecting payment data directly into financial systems.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

JANUARY 29, 2020

When it comes to helping corporates manage their supply chains, traditional banks tend to focus on the financing aspect via trade finance, factoring or other such products. Offering solutions that promote workflow automation from sourcing through to payment, reconciliation and accounting is not usually part of an FI’s product roadmap.

Banking 52

Banking Accounts Payable Vendor Management Reconciliations 52

PYMNTS

NOVEMBER 15, 2019

But shifting priorities among buyers and suppliers have elevated the opportunity for cards to meet changing cash management needs. Traditionally, the cost and administrative burden of card acceptance has kept the tool from gaining traction in accounts payable. Bending the Card Rails.

B2B 53

B2B Accounts Payable Cash Management Reconciliations 53

PYMNTS

DECEMBER 5, 2019

Staff spend too much time and effort on managing payments, expense claims, reimbursements, approvals, accounting and internal front- and back-end processing,” he said, adding that a “lack of control” is also a major pain point, with managers often lacking real-time, streamlined visibility into who is spending company money, how and with whom.

Accounts Payable 52

Accounts Payable B2B Problem Solving Nonprofit 52

PYMNTS

JUNE 22, 2016

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.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

BlueLight

JULY 16, 2020

from taking care of their day-to-day bookkeeping, data entry, reconciliation, cash management, to building the three financial statements. What are services that startups underutilize and should use more? At myStartUpCFO, we help our clients with all their finance and accounting needs?—?from

Startups 52

Startups CFO Reconciliations General Ledger 52

PYMNTS

SEPTEMBER 17, 2019

Operating as a funding agent will broaden community banking participation in RTP, Bankers’ Bank said, adding that it will also build a 24/7 liquidity management solution for RTP transactions within its cash management suite of services. According to the companies, speed is a crucial benefit of such a tool.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

PYMNTS

NOVEMBER 4, 2016

But this use case can easily be applied to other industries, too. “I think it’s a perfect example of where there is opportunity to take friction out of the system,” he continued.

Treasury 79

Treasury B2B Leverage Reconciliations 79

PYMNTS

JULY 4, 2016

More than 40 percent of companies surveyed said they operate with more than five cash management banks; a third said they are working with more than 20 banks. ” “Treasurers are trying to understand how they can do more to manage fraud,” the executives continued.

Treasury 41

Treasury Reconciliations Cash Management Banking 41

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

MARCH 16, 2018

Sixty percent said AI could impact accounts payable and accounts receivable, while nearly half (49 percent) expect AI to enable automated reconciliation.

Accounting 53

Accounting Accounts Payable Reconciliations Leadership 53

PYMNTS

DECEMBER 30, 2016

Andy Brown, Marketing Director of Payments, NCR : “One challenge that will gradually be overcome in 2017 with the move to ISO 20022 is the availability of information with the payment transaction that will make reconciliation much easier.

B2B 50

B2B Reconciliations eCommerce Banking 50

PYMNTS

DECEMBER 2, 2020

Sage Teams With Satago To Help SMBs Manage Cash Flow. Sage has unveiled a new partnership with Satago , a cash management and finance program for small firms and accounting professionals, according to an announcement. Alternative Lender eCapital Buys UK-Based Advantedge Commercial.

Cash Management 57

Cash Management B2B Foreign Exchange Banking 57

PYMNTS

NOVEMBER 22, 2016

” The Asia-Pacific region has also witnessed a migration away from cash, but it’s not just happening among consumers. “As the adoption of cashless transactions continues to rise in the region, so does the need for solutions to satisfy the B2B operation flow,” Koh explained.

B2B 65

B2B B2C Vendor Management Reconciliations 65

PYMNTS

JUNE 7, 2016

That local branch would post funds to Cornell’s Cash Management Office, which then had to be reviewed, eventually approved and notice was sent back to the Bursar’s office and finally posted to the student’s account – a process Baker said could take weeks.

Planning 42

Planning Education Reconciliations Banking 42

PYMNTS

MARCH 18, 2020

As Biegel explained, a lack of data standardization across payment tools remains a challenge to the reconciliation and cash application process, even when that data is electronic. The lockbox offers an important step toward digitizing data in check transactions, which is key to reconciliation and cash application processes.

Reconciliations 80

Reconciliations Invoicing Communication B2B 80

CFO Leadership

MARCH 31, 2022

They struggle to keep an overview on their cash and risk positions. A professional cash management solution can help to overcome these challenges. In the dark about global cash? Using simple tools, such as spreadsheets , or disparate solutions to manage complex operations leads to inefficiencies and errors.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

NOVEMBER 23, 2020

Indeed, according to Fiskl CEO and Founder Alina Lapusneanu , entrepreneurs are searching for solutions that can multitask, and embrace a wide range of functionality to tackle more pain points around banking, payments and cash management — all at once. All About Cash Flow.

Finance 106

Finance Invoicing Cash Management Reconciliations 106

PYMNTS

OCTOBER 2, 2019

With ongoing shifts in payments, commerce, security and transparency, corporate cash managers have a lot on their plates. After all, knowing where funds are at any given point of the journey is a critical part of corporate cash management. The question for any number of treasury professionals is what lies ahead?

Cash Management 63

Cash Management Reconciliations Treasury B2C 63