PYMNTS

SEPTEMBER 9, 2020

In addition, they can collect funds into Banking Circle's Virtual International Bank Account Number (IBAN) accounts in their customers' names. By using the new services, efficiency is boosted and reconciliations can be done more easily for payments across different jurisdictions, the company stated. and SEPA, the company stated.

B2B 64

B2B Banking Reconciliations Currencies 64

Simply Treasury

JUNE 3, 2021

Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets. Contrary to the recent excitement for Bitcoins, crypto currencies do not seem to be a priority for treasurers. API’s have shown the use banks and corporates can make out of them.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

JANUARY 20, 2021

To get there will require solutions that integrate directly into an organization’s existing AP and AR workflows, whether that means connecting to the business’ ERP system or streamlining processes and complexities with global FX, reconciliation and cash flow management. It doesn’t have to be complicated, though.

B2C 70

B2C B2B Currencies Invoicing 70

PYMNTS

JANUARY 21, 2021

Thanks to this agreement, we can now offer JAGGAER customers and their suppliers improved tracking, reconciliation and speed of processing or receiving cross-border transactions in 134 currencies,” JAGGAER CEO Jim Bureau said in the announcement. The numbers came out to $2.5 US CFOs Consider How to Use Cash Reserves.

B2B 85

B2B Banking Reconciliations Currencies 85

PYMNTS

OCTOBER 28, 2020

Furthermore, Tallie Travel provides a host of perks that a number of smaller entities can’t access many times, such as round-the-clock support for travel modifications, duty of care services and negotiated prices. Transaction information moves without intervention into Tallie to be compared with receipts for reconciliation.

Accounts Payable 49

Accounts Payable Reconciliations Currencies Accounting 49

PYMNTS

DECEMBER 15, 2020

Businesses can use a recipient's accounting number or email address to initiate a payment, while transaction data is enhanced to support the reconciliation process. The solution is made possible through the adoption of the funds transfer service Interac eTransfer for Business.

Foreign Exchange 94

Foreign Exchange B2B Reconciliations Banking 94

PYMNTS

APRIL 29, 2019

This improves payments acceptance, settlement times and reconciliation without the burden of multiple banking relationships, high fees and slow transfer times.” “Ixaris’ ability to optimize travel payments is now second to none.”

Banking 51

Banking Reconciliations B2B Currencies 51

PYMNTS

DECEMBER 15, 2017

It’s no secret that growth in cross-border trade has been explosive, where digital commerce and devices have brought heretofore untapped consumers to companies — transacting across time zones, currencies and languages. Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately.

Invoicing 48

Invoicing Reconciliations Currencies Foreign Exchange 48

Planful

JANUARY 19, 2016

Half of the time the numbers were unreadable, so we had to confirm them via phone. Then we would key the numbers into a spreadsheet and perform the currency translations there. (I Intercompany reconciliations were a nightmare, with many phone calls to the foreign subs. It’s More Than Just Rolling-Up Numbers.

IFRS 40

IFRS GAAP Reconciliations Auditing 40

PYMNTS

DECEMBER 12, 2019

Western Union’s trio of new APIs can perform a P2P transfer function, as well as send money to business accounts or Western Union agents in local currency. HSBC’s new bank guarantee app is designed to clear a number of cross-border payments hurdles.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

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

FEBRUARY 5, 2020

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. That information flow comes in on a real-time basis, rather than through the typical process of month-end reconciliation. The Advantages.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

FEBRUARY 28, 2020

Organizations that absorb and process supplier invoices within the Centsoft platform can see that data be automatically added into QuickBooks Online to support the payment and reconciliation process. “This combination increases data accuracy, and shortens payment cycles.” B2B payments market.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

MAY 22, 2018

There are a ton of off-the-shelf software solutions, and the process is simple and straightforward with one currency, one format, well-understood payment methods and costs,” said Mike Massaro, CEO of Flywire. For most companies, domestic billing is easy. Since June 2017, Flywire ’s U.K.

Reconciliations 52

Reconciliations Invoicing Education Compliance 52

PYMNTS

NOVEMBER 19, 2020

In the announcement, Rapyd identified a growing number of alternative payment methods, including real-time payment networks, that increase demand for fraud mitigation capabilities without forcing customers to change the method with which they make a payment.

B2B 104

B2B Reconciliations Risk Management Compliance 104

PYMNTS

FEBRUARY 10, 2017

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. The other feature, titled Off-Platform Payments, can enable workers to be paid in their local currencies.

Reconciliations 45

Reconciliations Currencies Communication Numbers 45

PYMNTS

OCTOBER 11, 2019

In a PYMNTS interview with Karen Webster, Ryan Frere, vice president of global payments at Flywire , said the partnership “opens up 13 currencies across the network we can allow payers to choose when they use JCB cards to pay tuition.”. Asia is the biggest market for payment origination in terms of the number of students.

Education 53

Education Reconciliations Currencies Banking 53

PYMNTS

JANUARY 16, 2018

While the number of students seeking international education has steadily increased, the challenges they face have largely remained the same. Students and their families need to pay tuition in the proper currency and in a timely fashion. Researchers have found that roughly 4.7 million who did so in 2001. and Canada.

Education 43

Education Currencies Reconciliations Planning 43

PYMNTS

MARCH 24, 2016

Alternatively, it was being forced to leverage traditional bank transfer solutions that were costly, took a long time for the school to receive and, once there, created a reconciliation nightmare for the school due to the number of “hops” and associated fees incurred along the way. .

Reconciliations 40

Reconciliations Nonprofit Education Currencies 40

PYMNTS

OCTOBER 29, 2020

Every time a business adds a new payment service provider (PSP) or currency or expands into a new market, it must optimize its payment flows for cost and efficiency and rethink its payments strategies. The trouble for businesses is that with this increase in digital transaction volumes comes the need to better manage payments processing.

Reconciliations 43

Reconciliations Finance Currencies Leverage 43

PYMNTS

SEPTEMBER 12, 2018

It doesn’t issue cards (even though UATP’s CEO Ralph Kaiser has one), but manages the complicated payments flows that define corporate travel: last-minute changes and cancellations, add-on fees and currency exchanges, to name a few. We do eWallets, prepaid, local cards, bank transfers and even alt credit, such as installments.”.

Reconciliations 40

Reconciliations B2B Currencies Leverage 40

PYMNTS

JUNE 7, 2016

After a few weeks of painful reconciliation, the problem was solved – and a business opportunity was born. Massaro said that Flywire is working with a number of payment processing and banking partners so that they can have a physical presence in Brazil just like they’ve done in other key markets around the world like China and Singapore.

Planning 42

Planning Education Reconciliations Banking 42

The Finance Weekly

APRIL 13, 2024

Key Features Bank connections Automatically captures data Multi-currency accounting Cloud file uploading and data storage Sales Tax Finance Analytics Manage fixed assets Hundreds of app integrations Pricing Xero is currently offering a 30-day Free trial on top of the three plans they offer.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

PYMNTS

DECEMBER 9, 2020

Faster payments schemes also number more than 50 and counting. Faster payments schemes also number more than 50 and counting. We're working with a number of providers to facilitate that settlement virtually in real time,” he said.

B2B 134

B2B Reconciliations Accounting Invoicing 134

PYMNTS

JUNE 29, 2018

“Obviously, with the globalization of the world and the fact that so many countries are involved, companies have to deal with different regulations, languages and currencies,” Kilby said. Physical currency can be problematic for a variety of reasons, though, including that employees might not get the best foreign exchange rates.

Reconciliations 43

Reconciliations General Ledger Foreign Exchange Currencies 43

CFO Leadership

MARCH 31, 2022

In the past few years, the number of global mergers and acquisitions has reached an all-time high. New currencies, global banking structures, regional regulations, disparate processes, and disconnected systems all add complexities to the treasury operations. A professional cash management solution can help to overcome these challenges.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

The Finance Weekly

OCTOBER 13, 2021

Organizations may , eliminate many of the manual processes that stymie a company's ability to accomplish a speedy financial closure by employing AI and machine learning to automate financial close processes including account reconciliation and reporting. Use intelligent process automation to your advantage.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Economics Risk Management Reconciliations 52

PYMNTS

AUGUST 3, 2018

Complexity reigns when payments are sent across currencies and borders. Tracking those bookings and paying out to those various endpoints is complicated, especially along cross-border and multi-currency corridors. That option allows them to aggregate more payments together, but still maintain the reconciliation data.

Reconciliations 40

Reconciliations Accounts Payable Currencies Accounting 40

Planful

JUNE 3, 2021

Your finance team’s scrambling to gather data from the various business units within the organization, dealing with an overwhelming number of spreadsheets, and creating multiple versions of the same consolidated financial statement to comply with different regulatory bodies. It’s close time. Sound familiar? The solution?

Compliance 40

Compliance Reconciliations Currencies Finance 40

PYMNTS

OCTOBER 21, 2019

The payments were powered by Flywire, but the logo in the middle of the screen mattered more as they saw Alipay or WeChat, their local currencies, or Visa and Mastercard.”. Smoothing the reconciliation part of the equation has also been a boon, he noted. Important Moments. facilities for various best-in-class treatments.

Reconciliations 40

Reconciliations Healthcare Education Invoicing 40

PYMNTS

MAY 19, 2017

We are witnessing a number of changes and trends in the industry. Payments providers are evaluating numerous use cases for the deployment of blockchain applications and the use of crypto-currencies or tokens as an added level of security. Simplified alternatives to current cross-border payment methods are being considered.

Reconciliations 49

Reconciliations B2B Currencies Securities 49

PYMNTS

NOVEMBER 14, 2017

And when it comes to far-flung currencies, cultural differences and cash translated into bits and bytes, consistency counts. What happens when you are talking about several hundred payment methods around the world” is that the process of connecting to each and every one, in addition to reconciliation, becomes a burden.

Reconciliations 46

Reconciliations eCommerce Currencies Banking 46

PYMNTS

JUNE 9, 2017

Though that’s critical for a number of reasons – cash management and predictability, accounting and reconciliation, and reducing data-entry errors – combatting fraud may stand to gain the most from more sophisticated accounting data management practices.

Accounting 43

Accounting Technology Accounts Payable Invoicing 43

Planful

AUGUST 1, 2017

You’re expanding internationally, which often brings new complexities, such as currency conversions and intercompany eliminations across multiple divisions and subsidiaries. Consolidating financial results might sound easy on the surface, but it’s more than just adding up numbers. Intercompany reconciliations.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

Barry Ritholtz

OCTOBER 3, 2023

If you look at the, if you look at the filing and you look at the size of the company and the revenue, the entire yearly revenue numbers would be a bad quarter right? So we, we became, we went from fixed income and j Aaron to thick fixed income currency and commodities. That’s unbelievable. It just tells you. Made sense.

Marketing 107

Marketing Treasury Banking Profit and Loss 107