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Finance Teams: Stop Wasting Time on Manual Account Reconciliation & Automate

The Finance Weekly

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.

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Flywire Upgrades Payments Platform With Machine Learning

PYMNTS

“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.

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How Treasurers Can Prepare For A Real-Time Payments Ecosystem

PYMNTS

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.

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JAGGAER Joins Forces With TransferMate On ‘Source to Settle’

PYMNTS

Procurement technology company JAGGAER has collaborated with TransferMate to provide offerings from “source to settle,” according to an announcement. Software companies, financial technology firms and financial institutions collaborate with TransferMate, according to the announcement.

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Commercial Cards: It’s All About The Data

PYMNTS

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. Data’s Favorite Payment Rails.

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Today In B2B: Xero Collaborates On API Bank Connection; Billtrust Teams With REPAY

PYMNTS

Procurement technology company JAGGAER has collaborated with TransferMate to provide offerings from “source to settle,” according to an announcement. The new program will allow SMB bank transactions to be imported directly and securely from Nedbank accounts into the Xero cloud accounting platform, the report stated.

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Payments Provider Contis Teams With UK FinTech Ordo On Real-Time Payments

PYMNTS

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.