Simply Treasury

JUNE 3, 2021

It also aims at identifying challenges corporate treasurers of MNC’s are facing and technological innovations they intend to implement. Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets. Real-time treasury.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

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

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 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

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

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. Data’s Favorite Payment Rails.

Reconciliations 61

Reconciliations B2B Invoicing Accounting 61

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

JANUARY 20, 2021

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.

Foreign Exchange 57

Foreign Exchange Reconciliations Strategic Planning Currencies 57

PYMNTS

JUNE 17, 2020

At least, that’s what commercial card technology players believe, with this week’s rundown of the latest initiatives in corporate card solutions placing a focus on returning business trip volume. The integration also supports automated reconciliation and cash flow management, the companies noted in a press release.

Reconciliations 67

Reconciliations Accounts Payable Risk Analysis B2B 67

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. Bank-FinTech Collaboration.

B2B 62

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

PYMNTS

SEPTEMBER 17, 2020

Technology that sits in between these business partners can help to accomplish both. 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.

B2B 92

B2B Vendor Management Marketing Accounts Payable 92

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 21, 2021

Procurement technology company JAGGAER has collaborated with TransferMate to provide offerings from “source to settle,” according to an announcement.

B2B 85

B2B Banking Reconciliations Currencies 85

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

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

NOVEMBER 26, 2019

But as the latest PYMNTS Next-Gen AP Automation Tracker report highlights, adoption of AP automation technology continues to face challenges. While nearly half of AP departments surveyed said reporting and data analytics are top priority, many teams struggle to accurately assess the return on investment (ROI) of AP technology.

Accounting 64

Accounting Accounts Payable B2B Reconciliations 64

PYMNTS

FEBRUARY 16, 2017

After all, if a company has worked so hard to develop some type of financial technology, why would they want to lend that technology out to just about anyone? Plus, there is a competitive edge to the tactic, enabling the owners of these technologies to see their solutions integrated into more services, reaching more end users.

B2B 75

B2B Reconciliations Currencies Communication 75

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

NOVEMBER 19, 2020

One of the latest adopters of Mastercard's Track solution is Transcard , which announced its A2A capabilities wielding Mastercard technology. The technology is designed to combat fraud for both businesses and customers as an overlay service that operates on top of a range of existing rails. Rapyd Combats Fraud Across Payment Rails.

B2B 104

B2B Reconciliations Risk Management Compliance 104

PYMNTS

OCTOBER 28, 2020

AmTrav , a corporate travel technology provider, fuels Tallie Travel, whose reservation system provides the ease of access and simpleness to which travelers have become accustomed with present-day digital booking systems. Transaction information moves without intervention into Tallie to be compared with receipts for reconciliation.

Accounts Payable 49

Accounts Payable Reconciliations Currencies Accounting 49

PYMNTS

SEPTEMBER 18, 2019

financial institution Wells Fargo has announced plans to pilot an internal settlement solution that operates on distributed ledger technology (DLT). “We believe DLT holds promise for a variety of use cases, and we’re energized to take this significant step in applying the technology to banking in a material and scalable way.

Reconciliations 49

Reconciliations Currencies Banking Planning 49

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

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

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

APRIL 29, 2019

This improves payments acceptance, settlement times and reconciliation without the burden of multiple banking relationships, high fees and slow transfer times.” “Ixaris’ ability to optimize travel payments is now second to none.”

Banking 51

Banking Reconciliations B2B Currencies 51

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. It’s an industry-wide problem that Modo is solving with its patented COIN technology. Parker explained that the COIN was designed backward starting from reconciliation.

Reconciliations 65

Reconciliations Communication Currencies Sales 65

PYMNTS

AUGUST 13, 2019

importer told the publication of its reliance on surcharges to mitigate the risk of currency fluctuations. Yet those treasurers say that adopting a new FX management technology is a key barrier to improving those strategies. Gelis emphasized the importance of automation in technologies that businesses do decide to adopt.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

JULY 11, 2019

Commercial payments company WEX is broadening its virtual payments offering through a collaboration with Visa and separately announced the broadened acceptance of its mobile payment technology at Shell locations. The cards can be issued in USD, GBP and euro, and WEX plans to add support for additional currencies moving forward.

Reconciliations 43

Reconciliations Currencies Securities Planning 43

PYMNTS

MARCH 20, 2018

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 51

Foreign Exchange Healthcare Education Reconciliations 51

PYMNTS

NOVEMBER 20, 2018

Banking technology provider Cashplus is introducing a new application program interface (API) designed to allow small and medium-sized businesses (SMBs) to make mass payments to their vendors simultaneously. A press release Monday (Nov. 19) said Cashplus, based in the U.K.,

Reconciliations 43

Reconciliations Currencies Accounting Banking 43

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

Planful

JANUARY 19, 2016

Of course, the technology we were using to collect and consolidate financial results back then was pretty arcane. 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. Ah, the memories!

IFRS 40

IFRS GAAP Reconciliations Auditing 40

PYMNTS

FEBRUARY 10, 2017

Technology has made the freelancer’s client list global in scope, while companies can pick and choose among a workforce that is always ready to contribute. The other feature, titled Off-Platform Payments, can enable workers to be paid in their local currencies. These are interesting times to be a freelancer.

Reconciliations 45

Reconciliations Currencies Communication Numbers 45

PYMNTS

DECEMBER 12, 2019

To leapfrog slow legacy systems and overloaded information technology (IT) departments, financial institutions (FIs) and FinTechs are innovating with application programming interfaces (APIs) that move B2B funds faster. HSBC’s new bank guarantee app is designed to clear a number of cross-border payments hurdles.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

Planful

FEBRUARY 21, 2017

But thanks to technology, the process need not be such a stressful and painful affair anymore. 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.

Reconciliations 40

Reconciliations IFRS GAAP Leverage 40

PYMNTS

FEBRUARY 8, 2018

B2B payments are an instrumental component of global trade and of setting the stage for currencies to operate as global instruments of cross-border trade. China’s renminbi (RMB) is one global currency that is pushing its international standing, but new data from SWIFT released earlier this month found 2017 was a mixed year for the currency.

B2B 44

B2B Currencies Reconciliations Economics 44

PYMNTS

APRIL 20, 2016

SWIFT has found gaps in the promise and the delivery of distributed ledger technologies when it comes to payments. 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. . But it still thinks it has potential. .

Reconciliations 40

Reconciliations Compliance Currencies Technology 40