Bank of the West

NOVEMBER 22, 2021

Here’s what finance executives need to know about R2P and its potential benefits for treasury management. What R2P Means for Treasury Operations. They signal a broader move toward real-time processing and real-time treasury, and those trends are only accelerating. What is Request to Pay?

Treasury 98

Treasury Reconciliations Banking B2B 98

PYMNTS

SEPTEMBER 29, 2017

When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance.

Treasury 56

Treasury Banking Compliance Risk Management 56

The Finance Weekly

JANUARY 22, 2024

CFOs need strong finance and accounting skills, along with years of experience, to find ways to enhance the organization's financial well-being. The CFO may work with the finance and accounting team to predict the effects of different operational decisions. Resolve accounting and finance problems.

CFO 52

CFO Education Communication Leadership 52

PYMNTS

APRIL 9, 2019

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

Finance Cash Flow Forecasting Reconciliations Treasury 63

PYMNTS

FEBRUARY 1, 2021

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

B2B Treasury Accounts Payable Cash Management 94

PYMNTS

NOVEMBER 7, 2017

Citi’s Treasury and Trade Solutions is bringing its accounts receivable (AR) Payer ID solution to more markets around the globe. It aims to reduce Days Sales Outstanding and supports streamlined reconciliation. The FI added that AR and reconciliation can be especially challenging for companies that receive payments across borders.

Reconciliations 48

Reconciliations Treasury B2B Cash Management 48

PYMNTS

NOVEMBER 11, 2020

Automating capital management can keep organizations from scrambling for last-minute funding from banks to ensure there is enough cash on hand, thus limiting stress on treasury professionals and preventing excessive employee turnover.”. A recent survey found that 74.2

Accounts Payable 87

Accounts Payable Invoicing Treasury Reconciliations 87

PYMNTS

JULY 28, 2020

Their hesitancy isn’t without reason: CFOs and finance teams can find it a monumental task to overhaul manual systems and processes that have been in place for years — and understanding the first step to B2B payments digitization can be a dizzying task. Not so, says Meitra Aycock , senior vice president of operations at Comdata.

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B2B Reconciliations Accounts Payable Prioritization 70

Strategic Treasurer

JANUARY 6, 2022

Coffee Break Session Host Alexa Cook catches up with Strategic Treasurer’s Managing Partner, Craig Jeffery, to discuss what RTP is and how it can be advantageous from a treasury perspective. Hey guys, welcome to The Treasury Update Podcast Coffee Break Session. Hey guys, welcome to The Treasury Update Podcast Coffee Break Session.

Treasury 52

Treasury Concentration Reconciliations Banking 52

PYMNTS

NOVEMBER 7, 2018

“Corporate treasurers are increasingly seeking to manage their payments functions in real-time to enhance control and visibility of their cash flows,” Steve Evans, head of Corporate Liquidity and Bank Treasury, FIS, said in a press release. million payments annually.

Treasury 58

Treasury Reconciliations Leverage eCommerce 58

PYMNTS

FEBRUARY 8, 2019

He continued, “We believe that the partnership with Caxton FX is an important milestone for Funding Options as we begin to explore what other financial solutions we can offer small businesses to help them better manage their finances while saving time, money and stress.” ” U.K. to $1.32, and GBP/EUR could rise €1.15 [$1.30

Currencies 61

Currencies Foreign Exchange Reconciliations Treasury 61

PYMNTS

NOVEMBER 25, 2020

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

B2B Invoicing Reconciliations Treasury 116

PYMNTS

NOVEMBER 12, 2020

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. Reconciliation should be an intuitive process, she added. Of course, any data sharing involves trust between parties.

Banking 88

Banking Invoicing Reconciliations Treasury 88

Future CFO

AUGUST 19, 2021

Three quarters of C-suite executives believe that intelligent automation helped to augment their finance employees’ capabilities, according to results of a survey jointly done by the Institute of Singapore Chartered Accountants (ISCA) , AI Singapore and the National University of Singapore (NUS) Business School recently. Efficiency.

Accounts Payable 40

Accounts Payable Treasury Risk Management Finance 40

PYMNTS

OCTOBER 31, 2019

It’s great to get a check, or wire, or ACH, but if you don’t know what it’s to be applied to, you have a huge cash application and reconciliation challenge.”. Increasingly, companies are receiving payments not only via paper check, but in a variety of electronic methods. Further, AR is also about planning for the future.

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Reconciliations Invoicing B2B Treasury 43

Strategic Treasurer

FEBRUARY 22, 2023

Survey Results Treasury Fraud & Controls Thank you to all of those who participated in our 2023 Treasury Fraud & Controls survey. Pre-Request the Report Depth of Coverage This annual survey seeks to evaluate the current and projected impact of fraud on the finance and treasury environment.

Treasury 52

Treasury Reconciliations Education Securities 52

PYMNTS

JULY 16, 2019

The embrace of the cloud has opened up the opportunity for procurement, travel and expense management, treasury management and other corporate financial platforms to integrate and embed the payments function directly within that solution. procurement), and its related payments (i.e., the function of payment a vendor). The Next Steps.

B2B 60

B2B Accounts Payable Treasury Reconciliations 60

Future CFO

JULY 19, 2021

Credit and finance professionals have been forced to review how they perform certain processes and tasks involved. This results in an increasing amount of unapplied cash and an increase in the amount of re-work required to complete the reconciliation. CFOs are reconsidering the cash management process. Be ready, be resilient.

Cash Management 52

Cash Management Reconciliations Treasury Sales 52

PYMNTS

OCTOBER 6, 2016

“Business uptake of mobile payments is gathering significant pace, as the functionality and flexibility of this channel gains trust and acceptance in finance and treasury departments globally,” said HSBC Global Head of eCommerce, Global Liquidity and Cash Management Nadya Hijazi. ”

Foreign Exchange 63

Foreign Exchange Reconciliations Cash Management Treasury 63

PYMNTS

JULY 3, 2020

People’s United Bank Senior Vice President of Treasury Management Cris Sigovitch told PYMNTS that while access to payables FinTech solutions is important, perhaps even more essential is access to a trusted partner that can guide firms toward a resilient and future-proof AP department. ” Offering the Right Tools. .

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

PYMNTS

AUGUST 8, 2019

There are a lot of treasury management issues out there that need to be addressed,” he told PYMNTS in a recent interview. Data is key to addressing those pain points like identifying instances of fraud or promoting automated reconciliation.

Accounts Payable 57

Accounts Payable Accounting B2B Reconciliations 57

PYMNTS

MARCH 30, 2017

According to Graham Tasman, principal at Grant Thornton’s Business Consulting and Technology practice, this balancing act creates opportunity for service providers of the corporate finance function. Instead, 45 percent of CFOs cited increasing cash flow as their top priority in the finance function.

CFO 51

CFO Strategic Planning Corporate Finance Risk Management 51

PYMNTS

JULY 4, 2016

FIS said a rising number of finance managers are looking to in-house banks, payments-on-behalf-of and collections-on-behalf-of in an effort to strengthen their centralization initiatives. is lagging behind its EU peers when it comes to payments centralization. “What we see in the U.S. “What role can the treasurer play in security?

Treasury 41

Treasury Reconciliations Cash Management Banking 41

PYMNTS

MAY 13, 2020

Speaking with Karen Webster, Citi Commercial Bank Senior Vice President and Treasury Sales Officer Thor Perplies described the experience of working with Flywire to facilitate the movement of funds from the U.S. to China within only a few hours in order to secure a PPE shipment for healthcare providers.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

FEBRUARY 28, 2020

Organizations that absorb and process supplier invoices within the Centsoft platform can see that data be automatically added into QuickBooks Online to support the payment and reconciliation process. “This combination increases data accuracy, and shortens payment cycles.” Cichy said he sees the opposite happening today, though.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

SEPTEMBER 17, 2019

“Although new technology is appealing, treasury and finance professionals tend to stick with what works for them, and their vendors,” said AFP President and CEO Jim Kaitz. FinTechs Move Money To Vendors Faster. According to the companies, speed is a crucial benefit of such a tool. Marie Aloisi in a statement.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

PYMNTS

JANUARY 26, 2017

Cross-border payments, trade finance, smart contracts — blockchain has the potential to disrupt B2B processes, but FinTech players are only beginning to take these concepts onto a real-world stage. Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too.

SAP 57

SAP Invoicing Reconciliations B2B 57

Finvisage

DECEMBER 31, 2019

Patisserie Valerie says finance chief arrested. The owner of Patisserie Valerie has said its finance director Chris Marsh was arrested last night and then released on bail. Risk of Illicit financial activities seen at Patisserie Valerie could have been mitigated with our Treasury Management System.

Reconciliations 52

Reconciliations Financial Analysis Construction Accounting 52

PYMNTS

NOVEMBER 21, 2018

Citing Association for Financial Professionals research, which found that 78 percent of treasury and finance executives had been hit by fraud last year, Accu-Image warned that issues like fake invoices, combined with human errors in bookkeeping or invoice management, can all create losses as a result of having manual, outdated AP processes in place.

Accounts Payable 63

Accounts Payable Invoicing Reconciliations Accounting 63

PYMNTS

OCTOBER 4, 2017

The cash management solution automates reconciliation of credit and debit card payments, provides company-wide visibility into cash positions, automates various processes, including supply chain finance and cash pooling, and enables a real-time view of data.

Cash Management 40

Cash Management Reconciliations Finance Banking 40

Future CFO

APRIL 7, 2022

In one FutureCFO workshop of finance leaders, despite two-thirds using some of the most advanced ERP tools in the market, nearly all concede the use of spreadsheets as part of work. Forty-three years on, spreadsheets are still a staple of finance functions for companies big and small. Albert Leong. Lee Chee Leong.

Finance 98

Finance SAP Leadership Cash Management 98

PYMNTS

OCTOBER 30, 2019

.” The company’s announcement emphasized its efforts to create “an open platform that businesses and partners can use” to develop their own payment and finance solutions using Nium’s Open Money Network.

Banking 41

Banking Foreign Exchange B2B Accounting 41

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. Yet, corporate finance especially is “operating, more or less, the same [way] it has for 20 years prior. Real-Time Window To Treasury Management.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

Bramasol

APRIL 15, 2024

In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC 2 ), along with a look at how new SAP AI initiatives are key to this transformation.

SAP 90

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 90

Bramasol

MAY 6, 2022

In too many instances, as CIOs and CFOs implement new software to improve finance processes, the expediency of getting systems up and running quickly can create isolated silos of inefficiency across the enterprise-wide technology landscape. Need for ongoing data manipulation and reconciliation between systems. Sources of Digital Debt.

SAP 71

SAP Finance Reconciliations Leverage 71

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. Categorize cash movements.

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Treasury Cash Management Currencies Reconciliations 52

PYMNTS

NOVEMBER 18, 2016

And cash flow lives or dies by the correct reconciliation and posting of payments. ” “Financial institutions are looking to define and expand and, in some cases, create a comprehensive treasury management offering.” And increasingly, he said, traditional finance firms must compete with FinTech upstarts.

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Reconciliations Treasury Accounting Finance 70