PYMNTS

MAY 1, 2020

In many ways, the rise of crypto and digital currencies like Bitcoin aims to address some of these issues, empowering payers and payees with a way of bypassing the “middleman” of the inter-banking system for faster transaction speeds. .” Choice, he said, is key to guiding corporates toward a digital currency ecosystem.

Currencies 68

Currencies Accounting B2B Reconciliations 68

PYMNTS

OCTOBER 5, 2020

Comdata, she said, has mimicked the flow from claims to invoice to payment to reconciliation. That’s especially when B2B payments cross borders and currencies, she said.

B2B 130

B2B Healthcare Reconciliations Accounts Payable 130

The Finance Weekly

NOVEMBER 3, 2021

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. Defining Account Reconciliation The basic steps involved in reconciliation transactions include the following: 1.

Reconciliations 52

Reconciliations Accounting General Ledger (GL) Finance 52

PYMNTS

FEBRUARY 8, 2019

marketplace lending company Funding Options is teaming up with Caxton FX to introduce a prepaid multi-currency payment card for small businesses (SMBs). “SMBs could be exposed to significant sterling fluctuation,” said Western Union Senior Currency Strategist Nawaz Ali in a statement sent to PYMNTS in December.

Currencies 61

Currencies Foreign Exchange Reconciliations Treasury 61

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 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

SEPTEMBER 17, 2020

Students will be able to use their own currencies to pay through Mastercard credit or debit cards. It has the ability to expedite the flow of funds, ease reconciliation and streamline operational expenses, the release stated. Flywire works to provide international students with a customizable, convenient and safe payment experience.

Foreign Exchange 126

Foreign Exchange Education Reconciliations Currencies 126

PYMNTS

JULY 27, 2020

Bitcoin, Ethereum and Dash are among the new crypto options for A1 Payment users, and they can be converted into euros in real time at the cash desk, according to the release, with no exchange rate or currency risk present. She said the Corda process has shortened that down to just one day to complete a reconciliation.

Reconciliations 52

Reconciliations Banking Currencies Numbers 52

PYMNTS

NOVEMBER 20, 2019

Citi noted traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collection and reconciliation. The platform integrates cross-border billing, payment acceptance and reconciliation into a single solution. “In

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

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 52

Currencies Accounting Risk Management Compliance 52

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 As more small businesses enter overseas markets, it’s important that their multi-currency payments flow seamlessly in Xero and are automatically reconciled,” said Ian Boyd, financial industry director at Xero.

Reconciliations 52

Reconciliations Foreign Exchange Currencies Accounting 52

Trade Credit & Liquidity Management

MAY 29, 2025

This enhanced data quality facilitates easier and more accurate reconciliation of payments with invoices, reducing manual intervention and errors. This standard will significantly impact e-invoicing by enabling richer, more structured, and standardized data within payment messages.

Invoicing 52

Invoicing Compliance Cash Flow Forecasting Currencies 52

PYMNTS

SEPTEMBER 23, 2020

In today’s top news in digital-first banking, the Office of the Comptroller of the Currency (OCC) has issued stablecoin guidance, and Deutsche Bank intends to decrease the size of its brick-and-mortar footprint. Plus, Mesh Payments has launched a cardless payment offering that makes recurring and one-time payments easier.

Banking 85

Banking Planning Currencies Reconciliations 85

PYMNTS

SEPTEMBER 26, 2018

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

Accounting 75

Accounting Reconciliations Treasury Currencies 75

PYMNTS

AUGUST 3, 2020

“Being the world’s reserve currency, naturally regulators are going to take more time. The ability of blockchain infrastructure to store data means transactions can not only be settled in real time, but can also be linked to one specific invoice, opening up the potential for automated reconciliation. As a whole, the U.S.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

Future CFO

OCTOBER 22, 2023

Since BlackLine, we have seen 100% on-time completion rates for all month-end reconciliations. With BlackLine Task Management, managers and employees know what needs to be done and on what timeline.

Finance 94

Finance Reconciliations Currencies Accounting 94

PYMNTS

DECEMBER 22, 2020

The experiments aim to examine a digital euro’s technical feasibility as well as its “programmability” as a coin separate from a central bank digital currency, (CBDC) according to CoinDesk. Any bank can participate in the digital currency initiative, Ledger Insights reported. This would preserve the global reputation of the euro.”.

Banking 69

Banking Currencies Reconciliations Technology 69

PYMNTS

JANUARY 21, 2021

HashCash's HC Corporate Payment will come with immediate reconciliation, real-time document sharing and automation via smart contacts, in order to enable quicker, more effective B2B payments. The platform in question, according to the release, will also help with things like simplifying IT infrastructure and lowering operating costs.

Banking 93

Banking B2B Reconciliations Education 93

PYMNTS

OCTOBER 14, 2020

Reconciliation also comes with the offering. In June, MineralTree introduced “end-to-end” multi-currency functions to assist middle-market companies in digitizing each of their AP procedures on a single platform. In September, MineralTree Inc. announced a $50 million Series D investment round and the acquisition of two firms.

B2B 82

B2B Banking Accounts Payable Reconciliations 82

PYMNTS

APRIL 7, 2019

“The enhancements improve the payment-to-settlement time, increase security and reduce costs for both payers and receivers by further automating and streamlining reconciliation of the growing number of international payments coming from different countries in different currencies,” the company said.

Reconciliations 62

Reconciliations Currencies Invoicing Compliance 62

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

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) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

NOVEMBER 2, 2020

And with APSPays Vault, companies can store information securely and access reporting tools for reconciliation. Users of the APS Payments on Sage X3 can access daily automatic batch reporting, multi-currency capabilities, no installation, maintenance or setup fees and live support any time and any day of the week.

B2B 74

B2B Reconciliations Invoicing Currencies 74

PYMNTS

JULY 10, 2019

The service automatically extracts data from invoices, PDFs and other trade documents and automates accounts payable while storing payables information for reconciliation and accounting. Businesses can pay invoices immediately or dictate a payment date while retaining a fixed foreign exchange rate when they upload an invoice to the platform.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

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 Technology 75

PYMNTS

JULY 30, 2019

Nigerians will now have the convenience of being able to make digital, cross-border payments in their local currency, through eBank transfers, credit/debit cards, and mobile payments. Our partnership will also streamline the reconciliation of these payments on the receiving end for schools, hospitals and businesses.”.

Foreign Exchange 76

Foreign Exchange Reconciliations Healthcare Education 76

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 92

B2B Vendor Management Marketing Accounts Payable 92

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. US CFOs Consider How to Use Cash Reserves.

B2B 85

B2B Banking Reconciliations Currencies 85

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.

Reconciliations 61

Reconciliations B2B Invoicing Accounting 61

PYMNTS

JULY 27, 2020

Bitcoin, Ethereum and Dash are among the new crypto options for A1 Payment users, and they can be converted into euros in real time at the cash desk, according to the release, with no exchange rate or currency risk present. She said the Corda process has shortened that down to just one day to complete a reconciliation.

Reconciliations 55

Reconciliations Currencies Banking Numbers 55

PYMNTS

SEPTEMBER 9, 2020

By using the new services, efficiency is boosted and reconciliations can be done more easily for payments across different jurisdictions, the company stated. The services are available for payments businesses in 12 currencies and for banks in euros and British pounds, although more currencies and local capabilities are coming.

B2B 64

B2B Banking Reconciliations Currencies 64

PYMNTS

SEPTEMBER 26, 2018

In addition, the app captures payments with the fleet cards through universal settlement files and transaction activity reports to streamline reconciliation. In other news, Slovenia-based Eligma has showcased a digital currency payment app, according to reports. And close to 11 million adults in the U.K.

Reconciliations 68

Reconciliations Currencies eCommerce Sales 68

PYMNTS

JULY 10, 2019

Traditional accounts payable suffers multiple points of friction often rooted in that data is stored on paper or stuck in emails, is rarely integrated across multiple back-office systems, and is not easily digitized and analyzed for reconciliation and cash management purposes. Open Banking. Bank-FinTech Collaboration.

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

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

APRIL 30, 2018

In addition, it will decrease manual reconciliation costs. Late last year, it announced RippleNet was servicing more than 100 financial institutions, including Bexs Banco , AirWallex , Credit Agricole , Cuallix , Currencies Direct , dLocal , IFX , Krungsri , RAKBANK , and TransferGo , among others.

Reconciliations 70

Reconciliations Currencies Marketing Banking 70

PYMNTS

DECEMBER 9, 2020

Reconciliation is of the utmost importance to corporate clients, noted Koenigsberg, and real-time data and payloads, generated automatically and alongside the transactions, mean that payments post much more efficiently.

B2B 134

B2B Reconciliations Accounting Numbers 134

PYMNTS

OCTOBER 8, 2018

TransferMate, which is partly owned by AIB and ING Group , has built one of the largest portfolios of payment licenses in the world, partnering with banks, FinTech firms and software providers to offer its clients better exchange rates, lower bank charges and improved reconciliation.

Reconciliations 69

Reconciliations B2B Accounting Currencies 69

PYMNTS

SEPTEMBER 30, 2019

To open up new currency options and new markets for cardholders of JCB across Asia, Flywire and JCB International, Co., Its platform offers one point of management as well as payer engagement from billing and payment through reconciliation.

Currencies 59

Currencies Reconciliations Education Securities 59