PYMNTS

JUNE 21, 2017

It’s this inability to communicate that is causing connections to fall apart through the lifecycle, from initiation at the point of sale to back-end reconciliation. Treating points as a currency at the physical point of sale is a totally different transaction with settlement that can be all over the map,” Parker said.

Reconciliations 65

Reconciliations Communication Currencies Sales 65

PYMNTS

FEBRUARY 26, 2020

“Accounts payable and finance departments in the middle market want to invest in growth, in products, in service, in people — they don’t want to invest in suppliers or supplier-related processes,” he said, highlighting the supplier management and communication component of AP that is becoming increasingly important.

Accounting 72

Accounting Accounts Payable Invoicing General Ledger 72

PYMNTS

FEBRUARY 16, 2017

Typically, Galit explained in a recent interview with PYMNTS, SMEs using software solutions without an integrated global payments technology have to exit that software platform and work with banks to somehow ensure payments are sent and received, creating headaches for accounting, reporting and reconciliation. “In

B2B 75

B2B Reconciliations Currencies Communication 75

PYMNTS

FEBRUARY 10, 2017

Video conferencing, IMs, shared worksheets and all manner of remote communication mean streamlined workflow. Paper-based payments are less than ideal, and firms paying across borders must track documentation effectively, as well as contend with currency issues and the preferences vocalized by the workers themselves.

Reconciliations 45

Reconciliations Currencies Communication Numbers 45

PYMNTS

MAY 24, 2016

Globalization has led to globalized businesses, and the rise of globalized business has led to always-on and, hopefully, real-time status of payments and other functions that are crucial across currencies and time zones. That leads to the necessity of payments taken across a variety of methods and with far-flung reconciliations.

Accounts Payable 40

Accounts Payable Reconciliations Compliance Currencies 40

CS Lucas

APRIL 28, 2023

The bank statements are also used for bank reconciliation and can be automatically imported into CS Lucas or accounting system if the bank provides them in a compatible format. CS Lucas to Bank The CS Lucas sends payment instructions to the bank, which include the payee’s bank details, currency, amount, and value dates.

Banking 52

Banking Reconciliations Transportation Securities 52

PYMNTS

JUNE 7, 2016

After a few weeks of painful reconciliation, the problem was solved – and a business opportunity was born. For now it’s having the banking partners that do the foreign currency collection and conversion, then we receive the U.S. Over time that usage and that adoption is built up with communication from the school,” he added.

Planning 42

Planning Education Reconciliations Banking 42