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.

Healthcare 130

Healthcare B2B Reconciliations Accounts Payable 130

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

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

Future CFO

SEPTEMBER 13, 2023

These transactions frequently span geographical borders, currencies, and ERPs, the firm pointed out, adding that given their inherent complexity, compounded by data quality issues and omissions, intercompany transaction failures are an issue organizations simply cannot ignore.

Accounting 52

Accounting Reconciliations Invoicing 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 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

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

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

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 52

Finance IFRS GAAP Accounting Principles 52

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

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

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

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

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

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

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

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

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

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.

Reconciliations 59

Reconciliations Currencies Education Securities 59

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

OCTOBER 14, 2020

Contis CEO and Founder Peter Cox said in the release that the partnership would work to " bring instant remittances and automatic reconciliation to businesses and account holders alike.". "At In August, Contis partnered with Currencycloud to boost international payments to 1 million accounts, PYMNTS reported.

Reconciliations 60

Reconciliations Currencies Accounting Banking 60

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 57

Foreign Exchange Reconciliations Strategic Planning Currencies 57

PYMNTS

SEPTEMBER 5, 2019

By simplifying payment tracking and reconciliation, TRUE North’s education institutions can free up valuable financial and administrative resources.”. With a choice of over 70 local currencies and multiple payment methods, the solution offers users options and flexibility.

Education 61

Education Reconciliations Currencies Leverage 61

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

NOVEMBER 16, 2020

This milestone is another step in the journey away from paper-based frustration, incomplete data and manual reconciliation work — to a fully digitized business payments process,” said James Anderson, executive vice president of global commercial and B2B solutions at Mastercard. BOE: Banks Don't Get Protection from Digital Currencies.

Banking 52

Banking Reconciliations B2B Currencies 52

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 46

Foreign Exchange Currencies Reconciliations Accounting 46

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

JUNE 17, 2020

Once booked, the trip can be paid for via the Expensify Card, with transaction details automatically captured for reconciliation and reporting. The integration also supports automated reconciliation and cash flow management, the companies noted in a press release. Amadeus B2B Wallet Expands Functionality.

Reconciliations 67

Reconciliations Accounts Payable Risk Analysis B2B 67

PYMNTS

MAY 20, 2019

dollars or in the customer’s local currency. TransferMate collects funds from customers located in over 50 countries around the world through local funds transfer in customers’ local currency. Global Invoice Connect provides electronic bill presentment in U.S.

Invoicing 53

Invoicing Foreign Exchange Reconciliations Currencies 53

PYMNTS

OCTOBER 28, 2020

Transaction information moves without intervention into Tallie to be compared with receipts for reconciliation. The solution is partnered with TransferWise and will harness TransferWise’s own accounts to exchange international currency at the mid-market exchange rate instead of depending on the global SWIFT infrastructure.

Accounts Payable 49

Accounts Payable Reconciliations Currencies Accounting 49

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

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

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 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

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.

Currencies 54

Currencies Reconciliations Healthcare Banking 54

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 40

Foreign Exchange Pharmaceutical Currencies Reconciliations 40

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 Communication 75