PYMNTS

MARCH 16, 2020

Buyers will be able to pay suppliers in their own countries’ currencies with ease, according to the release. In addition, the deal will allow better reconciliation of payments with the matching invoices. It will also allow real-time payment tracking along with less inquiries about payment-related issues for suppliers.

SAP

PYMNTS

NOVEMBER 20, 2019

Citi is streamlining the cross-border collections process for its corporate treasury clients, the financial institution said Wednesday (Nov. Citi noted traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collection and reconciliation.

Accounting

Future CFO

JANUARY 21, 2021

As liquidity became a significant concern for organizations, the Treasury Department was asked to monitor inflows and outflows more closely. Co-hosed by Kyriba, the lively discussion highlighted a general shift toward the digital Treasury. One immediate challenge that the Treasury department faced was foreign exchange (FX) exposure.

Treasury

PYMNTS

JANUARY 30, 2017

The role has evolved, along with the complexities of global supply chains and doing business across multiple currencies. Trade finance, they said, could help boost efficiency in cash management and supply chain (via dynamic discounting on invoices). Such efficiencies can be applied to both domestic and international transactions.

Cash Management

PYMNTS

MARCH 20, 2017

the cloud-based treasury and working capital solutions company, announced Friday (March 18) that Pimkie chose its supply chain finance solution to manage its supplier invoice financing program. In a press release, Kyriba said Pimkie is using its reverse factoring solution to offer suppliers early payment of invoices.

Invoicing

PYMNTS

FEBRUARY 28, 2020

Purchase, invoice and transaction data are invaluable to the journey of digitization and automation, but organizations are increasingly recognizing that the value can only be realized if that data can integrate seamlessly across platforms. “This combination increases data accuracy, and shortens payment cycles.”

Accounts Payable

PYMNTS

JULY 13, 2016

The advent of the cloud — with its ability to be flexible and changeable at a moment’s notice, helping enterprises track the cash flow cycle as they branch out into new locales — means that tracking currencies has become a much more intuitive process.

Currencies

Global Finance

SEPTEMBER 6, 2024

Supply chain disruptions, Asia’s rising middle-income population and the rapid digitalization of financial services have led to a fundamental shift in consumer behavior and the way corporates approach treasury, liquidity and supply chain management.

Leverage

Global Finance

OCTOBER 11, 2024

trillion in extended credit and new capital for its consumer and institutional clients while moving $10 trillion in over 120 currencies daily. Some may lack the appropriate treasury management solutions or may not know how to maximize liquidity process efficiency.” Throughout 2023, JPMorgan Chase raised $2.3

Banking

Bank of the West

NOVEMBER 22, 2021

Apart from these, Distributed Ledger technology and Digital Currencies have created opportunities for all stakeholders as businesses are starting to transact in cryptocurrencies.

Finance

Global Finance

JUNE 6, 2024

This tool allowed the entire buyer-supplier ecosystem to move away from manual invoice and payment processing to real-time monitoring of invoices, payments and balance tracking. It delivers payments directly to a worldwide workforce, without bank processing or currency conversion fees.

Construction

PYMNTS

JUNE 11, 2019

The name BOT stems from the Buoni Ordinari del Tesoro, the name of the Italian Treasury bill, reports said. The plan to create mini-BOTs has attracted criticism, with some warning that the initiative could offer Italy a way out of the euro, reports said, and is “akin to creating a parallel currency.”

Invoicing

PYMNTS

DECEMBER 11, 2019

Kohli pointed to the added benefits of incoming cash-flow predictions, enhanced invoicing and reconciliation capabilities, and stronger engagement with a vendor’s client community. Addressing cross-border receivables friction is about more than just ensuring that a supplier gets paid. and Turkey. A New Approach To Global Payments.

B2B

PYMNTS

JANUARY 28, 2021

The complexities of corporate cash management — particularly across borders and currencies — means that a broad range of treasury and CFO functions are getting the high-tech, outsourced treatment. The company is a gateway payment provider that delivers payment processing solutions to businesses.

Banking

PYMNTS

JUNE 21, 2018

JPMorgan’s treasury management services are the financial institution’s (FI) latest target for technological innovation, reports in CNBC said Wednesday (June 20). JPMorgan’s treasury unit handles $5 trillion in corporate transactions a day. JPMorgan’s treasury services accounted for about $7.6 dollar wires to Singapore.

Treasury

PYMNTS

JULY 10, 2019

Lisa Lansdowne-Higgins, vice president of business deposits and treasury solutions at the Royal Bank of Canada (RBC), recently told PYMNTS that these three disruptors have a significant opportunity to shake up accounts payable processes thanks to the impact they have on data.

B2B

Bramasol

FEBRUARY 28, 2023

As the leader in helping companies implement Digital Solutions Economy offerings and one of SAP's longest serving partners, Bramasol has deep expertise in combining all aspects of DSE business models, including integrating entitlement management within overall DSE implementations.

SAP

PYMNTS

MARCH 30, 2017

Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas.”. Analysis from WUBS found that the majority of SMEs weren’t actively strategizing to leverage the strength of their own local currencies. small businesses.

Foreign Exchange

Trade Credit & Liquidity Management

APRIL 16, 2025

Utilize software tools to provide Electronic Invoicing and Payment Processing(EIPP), customer self-service solutions, alternative payment mechanisms, and real-time payments. Implement the tools needed to generate invoices in any form required by customers, including your integration with customer portals 5.

Accounts Payable

PYMNTS

JUNE 8, 2020

In addition to overcoming barriers like a lack of a physical facility in which to receive invoices and cut checks, as well as cost limitations, McCarthy emphasized the fact that the digitization of AP has profound impacts far beyond the four walls of the AP department itself. ” Prolific Impacts. ” Overcoming Change Inertia.

Accounts Payable

PYMNTS

DECEMBER 17, 2019

“It used to be something that was for much larger corporations, but now the middle market is trading in foreign currencies much easier and more quickly.” Even when pre-booking rates with banks, said Cran, costs can be significant – particularly as FX volatility of the world’s major currencies continues to grow.

Marketing

PYMNTS

DECEMBER 12, 2019

Contrast that with the fact that well over 40 percent of B2B invoices are still paid by paper check. Citi recently made 50 APIs available to business clients, designed to connect easily with treasury software. It’s a situation that has gone from inconvenient to insufferable in just a few years, and 2020 appears to be a tipping point.

B2B

PYMNTS

MAY 7, 2020

CIT, meanwhile, will offer its Treasury and Payment Services tools to streamline cash flows for SMBs when both sending and receiving payment. We realized early on that no one is going to force an upgrade of their current payment channels just to replace them with digital currency,” he said.

Accounts Payable

Strategic Treasurer

MARCH 6, 2023

In the Language of Finance sub-series, we will look into different terms that should be understood in order to communicate effectively with the rest of your treasury team and with others. How does the language of FP&A differ from treasury? Does it mean currency? Listen in to find out. What is it? How does it work?

Financial Planning and Analysis (FP&A)

PYMNTS

JULY 26, 2019

There is also the issue of corporates delaying their payment terms to vendors and paying invoices late beyond agreed-upon terms. Kissler noted that CaixaBank also had to make decisions about which foreign currencies to prioritize and retrain staff in both its middle and back offices as part of a diligent transformation.

Foreign Exchange

Strategic Treasurer

JANUARY 3, 2022

Host Craig Jeffery kicks off the 2022 Outlook series with a conversation with Jon Paquette, Senior Financial Solutions Expert at TIS (Treasury Intelligence Solutions), on the outlook of payments. They discuss technology developments that will likely have the biggest impact on treasury in 2022. Host: Craig Jeffery, Strategic Treasurer.

Treasury

PYMNTS

MAY 31, 2018

Michael Praeger, CEO and co-founder of AvidXchange , said it’s past time to bring automation into the space to optimize invoice management and payment processes. In the homeowners’ association (HOA) vertical, more than 70 percent of property vendor payments are still made via paper check.

Startups

PYMNTS

MAY 10, 2016

Considering the rise of digital currency, electronic payments, the Internet of Things and Big Data, that revolution may already be upon us. Alternative forms of financing, including invoice, asset and inventory finance, are more commonplace for manufacturing CFOs, the research showed.

Manufacturing

PYMNTS

APRIL 11, 2017

Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas,” Anderson continued, adding that some services, like those offered by Money Mover, allow a small business to lock in an FX rate to ease the impacts of rate fluctuations.

Foreign Exchange

PYMNTS

MAY 31, 2018

Michael Praeger, CEO and co-founder of AvidXchange , says it’s past time to bring automation into the space to optimize invoice management and payment processes. In the homeowners’ association (HOA) vertical, more than 70 percent of property vendor payments are still made via paper check.

Startups

PYMNTS

MARCH 5, 2018

In Europe, cards exist, but I would say over 90 percent of invoices are paid by bank transfer,” he said. Wieser said bank cards are far more rare than bank transfers when it comes to B2B transactions, domestic or across borders. “In This is typically very cheap — very, very cheap.

B2B

Future CFO

DECEMBER 11, 2023

Suppliers can embed real-time payment instructions in customer communications to simplify invoice processing. In terms of intracompany transfers, real-time payment will enable companies to deploy working capital more efficiently across subsidiaries. This can be used to launch programs to encourage early payments or accelerate late payments.

Banking

PYMNTS

MARCH 10, 2016

Nearly three-quarters of the companies surveyed by iGTB said that they experience a lack of integration of their treasury management or ERP systems with the banking solutions offered by their banks — a statistic Cantor deemed “outrageous.”. This customer segment also expressed a lack of liquidity management services from their banks, too.

Banking

Planful

JANUARY 3, 2017

Treasury and cash management. These systems provide built-in support for complexities such as currency translation, intercompany eliminations, and reporting under multiple accounting guidelines, such as US GAAP or IFRS. Here are some of the key processes supported by an ERP system: Purchasing. Accounts payable. Fixed asset management.

General Ledger

Bramasol

DECEMBER 14, 2023

As of the third quarter of 2023, SAP SE reported cloud revenue was up by 23% at constant currencies, driven mainly by the growth of SAP's combined SaaS and PaaS portfolio. This can be seen clearly in the increased adoption of SAP Cloud-based S/4HANA over recent years.

Technology

Global Finance

FEBRUARY 3, 2025

Susan Barton, EY: From a treasury view, it helps with cash managementyou know exactly when youre paying people. Payment providers outside the eurozone will have until 2027 to comply, allowing time to address settlement challenges related to different currencies. You pay all your employees, and that goes out immediately.

Currencies