article thumbnail

Optal, Open ECX Move To Streamline Construction AP

PYMNTS

Corporate payments company Optal struck a new partnership to streamline B2B payments in the construction sector. 18) said Optal is collaborating with Open ECX , a digital transaction platform for the construction industry, via its WebContractor tool. General Manager Andy Downes said construction is a critical component of the U.K.

article thumbnail

Moving The Business Payments Focus From Price To Process

PYMNTS

“We’ve seen the acceleration [away from manual, paper-based back-office functions] due to employees working from home” and issues tied to security and battling potential fraud, Joiner said. We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How To Clean Up Business Financial Statements

CFO Share

These reports are the backbone of evaluating business performance – crucial for making informed decisions, attracting investors, and securing loans. Check the last reconciliation date for all cash and credit card accounts. Consistent financial reporting is critical for business management.

article thumbnail

New Data: 85 Pct. Of Businesses Have Real-Time Payments On Their Road Maps – Here’s Why

PYMNTS

The report is based on a survey of more than 500 financial executives at firms from numerous sectors, including professional services, construction, retail and technology. In the latest report, however, six features were viewed this way, including fraud and security (78.3 percent), improved reconciliation with enhanced data (76.7

article thumbnail

Does Airbnb’s Pre-Brexit Move Signal Change For Travel Payments?

PYMNTS

As Butterfield told it, the goals going forward into 2020 for cross-border payments include constructing a robust and clear and accurate cross-border payments system. Reconciliation, billing and collection practices must work in a seamless fashion,” he said.

article thumbnail

Deep Dive: Making Field-Based Employees More Efficient

PYMNTS

Field-based workers take on many different roles in multiple markets, and their ranks include engineers and technicians who install solar panels, water filtration or home security systems, plumbers, landscapers, roofers and electricians. Regardless of their specific skill sets, these employees need more than just tools to do their jobs.

article thumbnail

Visa Turns To V-Cards With Billtrust For AR Automation

PYMNTS

Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients. In an announcement on Tuesday (Oct.