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Deluxe Treasury Management Adds Bill Payment To AR Offering

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Deluxe Corporation is augmenting its treasury management solution by integrating a bill presentment and payment processing function into its existing accounts receivable tool. Deluxe Treasury Management said in a press release on Tuesday (Oct. Deluxe automates payments and invoice matching for streamlined reconciliation.

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Collaboration Spurs Treasury Management Innovation

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But as finance and payments tech expands, these traditional FIs are learning that perhaps the best way to meet the demands of their corporate clients isn’t to compete with FinTech innovators but to collaborate with them. It’s the reasoning behind Capital One’s latest round of partnerships announced late last month.

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Back Office Is Front And Center In Optimization Wave

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The Playbook also calls out “three-way invoice matching — in which staff must compare invoices to purchase orders and goods received notes,” and the frustrations that brings, but automation can reduce these stresses by matching these invoices automatically. Clearly, there are issues. A recent survey found that 74.2

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Citi: Accelerated Digital Migration Provides Insights Into B2B Behavior

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If at that time, someone would have asked Citi Managing Director and Global Head of Domestic Payments and Receivables Anupam Sinha how long it would take for corporate treasury organizations to fully embrace digital , he said his answer would likely have been something along the lines of, “Don’t hold your breath.”.

B2B 94
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The Convergence Of Trade Finance And Trade Credit Insurance

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While use of trade finance continues to climb, the International Chamber of Commerce ‘s Banking Commission has warned the financial services market that small and medium-sized business (SMB) access to trade finance is disproportionately low, as large financial institutions (FIs) pull back from the SMB borrower segment.

Finance 63
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AI And ‘Side Effect’ Data Improve Business Banking Services For Corporates

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Shields offered an example of intentional information: invoice data. Partnerships, she said — such as FISPAN’s own efforts with traditional financial services firms — help treasury banks to build embedded banking solutions inside enterprise resource planning (ERP) and accounting systems. This is the No.

Banking 88
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Real-Time Data Closes Buyer/Seller B2B Payments Gap

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As A2A capabilities evolve with a range of payment rails, he predicted that these value propositions will likely help RTP achieve ubiquity and emerge as a key tool for treasury management teams. Just as important — if not more so — is the movement of transaction data that enables businesses to reconcile transactions and manage finances.

B2B 116