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

AUGUST 3, 2020

One financial technology firm currently navigating the process of securing a bank charter is Avanti Financial Group , and as it approaches market launch, Founder and CEO Caitlin Long said the firm is focusing on another area of financial services that has struggled to manage complex regulatory challenges: digital assets. As a whole, the U.S.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

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

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 74

B2B Reconciliations Invoicing Currencies 74

PYMNTS

MARCH 1, 2019

Consumers no longer had to carry hard currencies, and they could make purchases using money they expected to earn. While this information is useful for invoice reconciliations, payments tracking and more, cybercriminals could use it to transmit malware embedded in the payments attachments or links. Security strategies.

Securities 53

Securities Reconciliations Banking Invoicing 53

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

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

Bramasol

APRIL 15, 2024

Key improvements over current FP&A functionality will include: The ability to leverage real time information, such as dynamically changing market conditions, customer behaviors, supply chain disruptions, currency fluctuations, etc. to drive financial models. As with Scenario One, unified and consistent data will be key.

SAP 93

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 93

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

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. What 2021 Will Bring.

B2B 134

B2B Reconciliations Accounting Invoicing 134

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 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

Global Finance

SEPTEMBER 9, 2024

Treasury must be able to react quickly to new scenarios while optimizing liquidity in both the short and long term to secure the company’s financial health. APIs simplify the connectivity with the rest of the participants of the ecosystem depending on what you need, be it payment connectivity, reconciliation, collateral management, etc.,”

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

PYMNTS

JULY 9, 2019

Most said they manually manage intercompany processes like reconciliation, while ad-hoc functions are also common. The tool lets treasurers keep a single account for each currency, for example, or to group accounts based on product line or legal entity.

Foreign Exchange 60

Foreign Exchange Banking Currencies Accounting 60

PYMNTS

JUNE 7, 2018

As the world continues to shrink and companies do more business beyond their borders, quick and efficient fund transfers and reconciliations have become crucial to keeping everything organized and everyone happy. The need for faster payment and reconciliation affects a variety of businesses.

Reconciliations 46

Reconciliations Currencies Foreign Exchange Accounting 46

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 And Ordo CEO Craig Tillotson said in the release that both teams want to use technology and service innovation to help boost the end-to-end process.

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

Global Finance

JULY 26, 2024

A fragmented regulatory environment, uneven access to financial services, a shallow pool of readily available funds, and currency controls and limitations in some African markets can lead to trapped cash. Being able to monitor everything not only simplifies reconciliation but also enhances management of accounts receivable.

Cash Management 52

Cash Management Treasury Reconciliations 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

APRIL 14, 2020

It stands to reason that firms that have been around for decades, with far-flung operations and payments done across multiple currencies, have a range of legacy systems in place with less-than-efficient processes entrenched in back-office functions.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

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

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 40

IFRS GAAP Reconciliations Auditing 40

PYMNTS

JANUARY 11, 2017

The Reserve Bank of India (RBI) says it’s time to embrace blockchain and adopt a digital currency for the country, according to a new report. But adopting a digital currency to operate across blockchain could offer even more benefits to India. But, reports said, it’s not that surprising that India would be so supportive of such a move.

Banking 45

Banking Currencies Reconciliations B2B 45

PYMNTS

SEPTEMBER 18, 2019

DLT supports secure and permanent transaction records, the FI noted, while allowing for near-real-time movement of funds regardless of transaction posting and reconciliation infrastructure across borders. dollars, though the FI added that it plans to expand the testing of this service to other currencies.

Reconciliations 49

Reconciliations Currencies Banking Technology 49

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. The mobile solution allows drivers to authorize transactions from within their vehicles, securing payments via biometric authentication.

Reconciliations 43

Reconciliations Currencies Securities Planning 43

CFO Leadership

MARCH 31, 2022

Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. New currencies, global banking structures, regional regulations, disparate processes, and disconnected systems all add complexities to the treasury operations. And they need technology.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

MAY 18, 2018

B2B startups in the small business banking, expense management and analytics sectors led this week’s investment roundup, securing more than half of the $108 million raised. But it’s a startup in Africa that not only secured the largest investment round of the week, but set a new record in the process, raising $47.5

B2B 53

B2B Investments Startups Reconciliations 53

PYMNTS

FEBRUARY 6, 2020

In a recent conversation with PYMNTS, Transparent Systems Co-Founder and Chief Technology Officer Jeff Kramer remained mum on the particular details of the company’s infrastructure, although the firm described itself as an “on-demand 24/7 settlement” solution that leverages “cryptographically-secured” distributed blockchain networks.

B2B 67

B2B Reconciliations Treasury Technology 67

The Finance Weekly

APRIL 13, 2024

Key Features Multi-layer security AI-driven anomaly protection Annual operating plan Pricing Pricing for Planful is not available on their website, but you can always reach out to their Sales Team to schedule a product demo and customized quote. Starter: $29/month – Good for sole traders, new businesses, and the self-employed.

Financial Planning and Analysis (FP&A) 52

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

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

APRIL 20, 2016

The ir POV was laid out in a paper jointly authored with Accenture , titled “Delivering an Industry Standard Platform through Community Collaboration.” In it, SWIFT found that there are eight critical factors that need to be satisfied before DLT can gain currency (no pun intended) in the financial industry at large. .

Reconciliations 40

Reconciliations Compliance Currencies Technology 40

PYMNTS

MAY 3, 2018

It’s simple to explain, but extremely difficult for firms to do — particularly in the case of manufacturing mega-players like Coca-Cola or international veterinary supply firm IDEXX Laboratories, which are looking at funds coming in through dozens of payments methods, in scores of currencies and through a host of different regulatory regimes.

B2B 40

B2B Reconciliations Invoicing Currencies 40

PYMNTS

MARCH 1, 2018

The latest stats from travel and expense company Certify revealed that Uber secured 56 percent of ground transportation expenses for Certify customers in 2017, up from 52 percent in 2016. Of course, language and currency can be a struggle. Businesses need options when it comes to ground travel, Mac recently told PYMNTS.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40

CS Lucas

APRIL 28, 2023

Enhanced fraud prevention: The use of automated systems for transferring files reduces the risk of tampering, improving security. 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.

Banking 52

Banking Reconciliations Accounting Securities 52

PYMNTS

JULY 8, 2016

The Asia-Pacific region undoubtedly led the way, with India securing the largest investment of the week (alternative SME lending) and other deals reaching Australia and China in the logistics, cross-border payments and SaaS segments. Check out our breakdown of all the deals below. Check out our breakdown of all the deals below.

B2B 40

B2B Startups Foreign Exchange Invoicing 40

Future CFO

MAY 7, 2025

McDonald says another big challenge is the ongoing currency volatility. For example, ISO 20022 brings richer data and greater transparency to payments, which can really help with reconciliation and reporting, but it also means systems need to be updated to handle these new formats."

Treasury 52

Treasury Problem Solving Communication Education 52