PYMNTS

OCTOBER 5, 2020

In the bid to streamline payments, she said, companies such as Comdata can examine which enterprise resource planning (ERP) systems its client firms are using, “and we pull in existing customers that have those same systems and have embraced FinTech organizations — and they can collaborate in a bid to transform how payments get done.”. “The

B2B

Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Here's how it works: Multiple Currency Support: In a multi-currency account, you can hold balances in different currencies simultaneously.

Currencies

PYMNTS

MARCH 10, 2020

This is even more imperative when it concerns their multi-currency financial reporting as there is no room for errors.”. “An This is the start of a series of capabilities that we plan to introduce with Xero to improve the way small businesses manage their finances across platforms.”. SMBs can also open accounts in the U.S.,

Reconciliations

PYMNTS

SEPTEMBER 26, 2018

The virtual account solution is currently available for clients across Western Europe, supporting 16 jurisdictions and 37 currencies. Citi said it plans to expand the offering into the U.S. The solution is compatible with existing Citi accounts receivable solutions, including Citi Payer ID Accounts for automated reconciliation.

Accounting

PYMNTS

OCTOBER 14, 2020

Its predecessor, RegalPay, has been available since 2008, connecting to more than 160 enterprise resource planning (ERP) systems. Reconciliation also comes with the offering. Furthermore, the software firm said that a new tie-up with TransferMate allows its users to pay invoices in more than 130 local currencies with ease.

B2B

Bramasol

APRIL 15, 2024

To help understand the various ways to combine traditional AI and Generative AI to accomplish operational, planning and strategic management goals, let's dive into three different scenarios. Also, security of data being used in AI and Gen-AI planning will need to be rigorously managed to assure accuracy, timeliness, and security.

SAP

PYMNTS

NOVEMBER 20, 2020

While expanding internationally is the easy part, the challenge often comes in the back-office financials like invoicing , cross-border payments, accounting and reconciliation. The challenges of international financial workflows don't end once a payment is received and currency conversion occurs, either. It can be nightmarish.".

Mergers and Acquisitions (M&A)

PYMNTS

NOVEMBER 2, 2020

APS Payments , which works in omnichannel B2B payments, is integrating tech with enterprise resource planning (ERP) product Sage X3 to allow for quick and secure payments, according to a press release. And with APSPays Vault, companies can store information securely and access reporting tools for reconciliation.

B2B

PYMNTS

SEPTEMBER 17, 2020

Its vendor management module integrates directly into educational institutions' enterprise resource planning (ERP) and AP systems to streamline supplier payment workflows, but also has a strong focus on supplier needs, including payment type and currency. Paymerang Eyes The Supplier's Role In AP.

B2B

Global Finance

SEPTEMBER 9, 2024

And while the latest tools of the trade—artificial intelligence (AI) and machine learning (ML)—promise to make tasks such as liquidity forecasting, cash management, and risk management easier, they come with their own complications and tie the treasury team even more closely into management’s strategic planning. Carrere says.

Treasury

PYMNTS

FEBRUARY 4, 2020

Once reserved for only the largest and most sophisticated firms, automated enterprise resource planning (ERP) and accounting platforms are now accessible for even the smallest of businesses, and data from those systems is the new currency of operational efficiency. A Reconciliation Headache. According to Dean M.

Reconciliations

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

PYMNTS

NOVEMBER 19, 2020

Through integration with enterprise resource planning (ERP), the A2A solution enables a more seamless B2B payment experience for both buyer and seller while both sides also gain access to rich remittance data, the company noted.

B2B

PYMNTS

AUGUST 13, 2019

importer told the publication of its reliance on surcharges to mitigate the risk of currency fluctuations. Galis noted that the company plans to announce more partnerships with traditional financial institutions moving forward. With machine [technology] imbedded in their [enterprise resource planning] ERP, it’s fully automated.

Foreign Exchange

PYMNTS

MARCH 5, 2019

Multi-currency IBAN account provider ONPEX is collaborating with Canada’s Wirexend to provide multi-currency payment solutions for joint business customers. The companies noted that connecting IBANs to Wirexend accounts supports faster and easier reconciliation and security.

Foreign Exchange

PYMNTS

JANUARY 20, 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.

Foreign Exchange

PYMNTS

JUNE 29, 2018

These travelers might be prepared to pursue opportunities in new markets, but the challenges of cross-border payments can throw a wrench into even the best-laid plans. Physical currency can be problematic for a variety of reasons, though, including that employees might not get the best foreign exchange rates.

Reconciliations

PYMNTS

MAY 5, 2019

In other news, Singapore’s Chief FinTech Officer of the Monetary Authority said that while blockchain has potential for cross-border payments, the agency “does not see much” in retail bank digital currencies. The design phase is underway, with testing to begin in Q2/Q3 2019. will be joining Ripple’s board of directors.

Currencies

Future CFO

APRIL 18, 2022

Click on the link to download to discover in detail a list of the benefits that IBM Cognos Controller provide for finance teams: Data collection and validation Reconciliations Workflow and tasks to improve the close cycle Currency conversion Minority interest calculations Inter-company eliminations Group closing adjustments Management adjustments Allocations (..)

Finance

PYMNTS

SEPTEMBER 18, 2019

financial institution Wells Fargo has announced plans to pilot an internal settlement solution that operates on distributed ledger technology (DLT). dollars, though the FI added that it plans to expand the testing of this service to other currencies. In a press release on Tuesday (Sept.

Reconciliations

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. dollars and deliver to clients,” Massaro explained.

Planning

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. team has grown by 25 percent, with plans to double in the near future. For most companies, domestic billing is easy.

Invoicing

Bramasol

SEPTEMBER 8, 2024

Better Insights : Provides deeper insights into revenue metrics and performance, supporting better decision-making and strategic planning. The matching principle is supported inherently and therefore no periodic batch jobs are needed for reconciliation. This PoC is then applied to the planned cost.

SAP

Planful

JANUARY 19, 2016

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. Consolidating the financial results following US GAAP or IFRS guidelines, including these steps: Performing currency conversions.

IFRS

Future CFO

JUNE 16, 2025

For this matter, automation has taken the spotlight to allow organisation heads to zoom out and look at the big picture, making way for more strategic planning to thrive amid the unending shifts in the market. In her opinion, this is a huge win when businesses are trying to stay agile and plan ahead with confidence. "Of

Profit and Loss

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. This enables more robust cash application planning. “The person receiving it is just happy to get paid.” and Turkey.

B2B

The Finance Weekly

APRIL 13, 2024

The finance industry employs a multitude of software solutions to facilitate budget creation, and financial reporting, and to assist financial analysts and investors with financial planning and forecasting. This allows finance teams to execute planning, analysis, and collaboration activities with exceptional rapidity and assurance.

Financial Planning and Analysis (FP&A)

PYMNTS

AUGUST 6, 2018

. ‘s Manchester United is teaming up with mobile betting and gaming brand MoPlay , and Iran is relaxing currency rules. With the integration, small businesses in the country can use direct debit to automate their payment collection and reconciliation processes. Plus, the bank would allow currency markets to open again. “We

Foreign Exchange

PYMNTS

JULY 11, 2019

The cards can be issued in USD, GBP and euro, and WEX plans to add support for additional currencies moving forward. WEX operates with our customers’ long-term best interests in mind and always looks for new ways to improve our payment innovations,” said WEX Corporate Payments President Jay Dearborn in a statement.

Reconciliations

Planful

FEBRUARY 21, 2017

If the business operates in different geographies there will be the additional complexity of multiple currency conversions, intercompany reconciliations and accurate accounting of minority interests. Attend to Reconciliations Early. A big challenge in the year-end close process is account reconciliations.

Reconciliations

Planful

JUNE 3, 2021

Investing in innovative technology, such as a cloud-based planning and consolidation platform, gives your finance teams the support they need for financials. Manual reconciliation is the most frustrating aspect of creating consolidated financial statements. Transform the Finance Consolidation Process. The solution?

Compliance

PYMNTS

MARCH 24, 2016

While much of Flywire’s (formerly peerTransfer) efforts have been focused on enabling payments cross-border for international students, it’s got another plan to expand its payments reach. Serving international patients at 60 U.S. Flywire announced yesterday (March 23) a new sponsorship agreement with the U.S.

Reconciliations

PYMNTS

JANUARY 16, 2018

Students and their families need to pay tuition in the proper currency and in a timely fashion. Students can use the portal in their own currency, fill out information and put in requests for the amount of money they want,” Carter said, adding that the system also helps Florida Tech with reconciliation. “It

Education

PYMNTS

JULY 8, 2016

In a recent announcement within the treasury management space, EDI Gateway, a service provider specializing in SMBs and focused on enterprise resource planning and B2B applications, linked up with AZUR , a cloud-based treasury management firm, to offer the latter’s eFinancialSuite to vendors.

Treasury

PYMNTS

MARCH 8, 2018

In Australia, a hospitality company is putting blockchain solutions to work on payment reconciliation. The solution, which is also being launched in New Zealand and South Africa, is designed to provide direct-to-bank deposits, enabling freelance workers in all three markets to receive local currency payments in their bank accounts.

Education

PYMNTS

SEPTEMBER 4, 2018

The report cited research from Euromoney in which more than two-thirds of organizations said they would be interested in adopting a tool that provides automated, 24/7 currency conversion solutions based on real-time FX rates.

Treasury

PYMNTS

MAY 3, 2018

Some businesses have even decided to shelve potential global expansion plans because they couldn’t find an easy way to settle payments and weren’t looking to build a science project to accomplish it. “It Lane noted the integration will also enable clients to view and settle payments with their preferred payment or currency type.

B2B