PYMNTS

NOVEMBER 16, 2020

One of the biggest challenges in cross-border trade for any kind of business relates to foreign exchange. A B2B invoice may be issued and paid in one currency, but the recipient of those funds has to convert that money into their local currency. Across Asia, Theaud explained, invoices are often issued in U.S.

Foreign Exchange 56

Foreign Exchange Currencies Manufacturing B2B 56

PYMNTS

DECEMBER 1, 2020

FinTech firms Cobase and Ebury are now working together to roll out Ebury's foreign exchange services on Cobase's multi-banking platform, according to a press release. Cobase works in cloud-based corporate multi-banking solutions while Ebury is backed by Santander Bank and works in cross-border tech and financial management.

Foreign Exchange 58

Foreign Exchange Treasury Reconciliations Invoicing 58

PYMNTS

DECEMBER 2, 2019

London specialty business lender Just Cashflow (JCF) is partnering with London FinTech Ebury to roll out foreign exchange (FX) services, Just Cashflow announced in a company blog. . The services put an end to uncertain currency exchange due to Brexit and locks-in rates for future transactions.

Foreign Exchange 52

Foreign Exchange Currencies B2B Invoicing 52

PYMNTS

AUGUST 11, 2020

The connection enables small businesses with a Clear Books account to take invoice payments by credit and debit card, according to an announcement. Business can also see the current payment status on bills, with invoices automatically categorized as paid after clients pay them.

Accounting 65

Accounting Foreign Exchange Invoicing Currencies 65

PYMNTS

JULY 17, 2017

is adding support for companies that have foreign invoices, reports said Friday (July 14). The invoice financing company said it is adding euro and U.S. dollar capabilities to its solution, allowing businesses with invoices in these currencies to get financed. MarketInvoice, based in the U.K., MarketInvoice raised $9.5

Invoicing 41

Invoicing Finance Currencies Foreign Exchange 41

PYMNTS

MARCH 16, 2020

In addition, the deal will allow better reconciliation of payments with the matching invoices. Risk will be less of an issue because of the increase in transparency and tighter control on foreign exchange payments, along with the currency exposures for those with stake in procurement and treasury.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

NOVEMBER 17, 2020

Customers will be able to compare purchase orders alongside invoices before going to straight to payment in more than 145 currencies with the AP technology of Beanworks and the payments technology of Cambridge brought together. Firms can start wire transfers and other payments with the Beanworks system as a result of the collaboration.

Accounts Payable 84

Accounts Payable Foreign Exchange B2B Invoicing 84

PYMNTS

APRIL 29, 2020

German banking platform Mambu has announced a collaboration with TransferWise to enhance banks’ cross-border payments and foreign exchange management operations, the companies recently revealed. FAB Teams Up For Digital Invoicing. TransferWise Integrates With Mambu.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

PYMNTS

OCTOBER 1, 2020

The tie-up is the newest of many strategic FinTech partnerships Barclays has announced in recent times, with MarketFinance providing invoicing financing products and Nimbla providing invoice insurance. “[SMBs] are the lifeblood of the U.K. Wells Fargo & Envestnet.

Finance 91

Finance Banking Foreign Exchange Invoicing 91

PYMNTS

JUNE 11, 2020

The product lets users automate the intake, handling and approval of invoices from different parts of the globe harnessing the same technology and process utilized for domestic bills, according to a Thursday (June 11) announcement. Ramnathan became a member of the MineralTree team as its new president per an October press release.

Foreign Exchange 52

Foreign Exchange Accounts Payable Invoicing Currencies 52

PYMNTS

DECEMBER 4, 2019

This week, the firm announced a collaboration with Ebury to integrate foreign exchange (FX) and cross-border payment services into its product suite. Malware and phishing scams, supplier and invoice fraud, and sheer negligence have caused B2B payments fraud to surge. million) every day is lost to financial scams in the U.K.,

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

PYMNTS

SEPTEMBER 17, 2020

Customers will be able to move funds "seamlessly" according to the release, and the foreign exchange pricing will be based on interbank rates. According to Coates, Oxbury's platform works as both a banking platform and an invoice management portal. ClearBank's capabilities make it doable for Oxbury Bank to loop into U.K.-based

Currencies 64

Currencies Accounting Banking Foreign Exchange 64

PYMNTS

JANUARY 8, 2018

SMBs with foreign exchange (FX) requirements have been adversely impacted by FX volatility in the last year , found Bibby Financial Services (BFS) in its latest report. 62 percent of invoices sent by U.K. Those invoices were worth a collective $28.5 Those invoices were worth a collective $28.5 67 percent of U.K.

Foreign Exchange 51

Foreign Exchange Invoicing Currencies Construction 51

PYMNTS

DECEMBER 24, 2020

Companies must smoothly manage everything from initial orders and invoicing to product delivery and the notification of payment receipts to complete it, making it a long and cumbersome procedure with a great deal of room for error. The order-to-cash (O2C) process is inherently complex.

B2B 79

B2B Foreign Exchange Invoicing Manufacturing 79

PYMNTS

JANUARY 19, 2021

Britain’s government is planning to shore up the Prompt Payment Code to make it so that 95 percent of invoices for SMBs need to be paid within 30 days. If the firm decides to go ahead, the public offering could be the biggest market debut ever made by a Southeast Asian firm on a foreign exchange.

Foreign Exchange 53

Foreign Exchange Currencies Invoicing Planning 53

PYMNTS

OCTOBER 8, 2020

Mambu worked with B2B cross-border technology firm Currencycloud in order to let clients quickly work to put virtual accounts, collections, foreign exchange services and payments in place. The changes aim to improve speed and control in banking.

Foreign Exchange 56

Foreign Exchange B2B Invoicing Banking 56

PYMNTS

JUNE 7, 2018

THG corporate clients will have access to CIS’s automatic, electronic payment solutions to support payment of utility invoices, the firms said. CSI will deploy its CSI Paysystems payments platform into THG’s Energy Intelligence Software (EIS), a B2B service that enables businesses to manage utility data and invoices.

Foreign Exchange 51

Foreign Exchange Invoicing B2B Education 51

PYMNTS

JULY 8, 2020

The combined technologies of the two companies let clients quickly put virtual accounts, collections, foreign exchange (FX) services and payments into place, the announcement states. Tide also wanted to let members lend to other members with the help of certain new integrated technologies.

B2B 56

B2B Foreign Exchange Invoicing Accounting 56

PYMNTS

NOVEMBER 24, 2019

Cross-border payments processing company Veem has announced that it is offering locked exchange rates for foreign exchange payments. The feature will allow small businesses to lock in an exact exchange rate for up to 92 days in advance for incoming or outgoing payments scheduled during that time.

Foreign Exchange 45

Foreign Exchange B2B Invoicing Budgeting 45

PYMNTS

JUNE 28, 2016

The Brexit vote has tossed the small business community into the headwinds of foreign exchange volatility, and U.K. According to Western Union Business Solutions head for APAC, Middle East and India operations Simon Glendenning, Hong Kong deserves some attention when it comes to corporate foreign exchange management.

Foreign Exchange 40

Foreign Exchange Invoicing Currencies Leverage 40

PYMNTS

SEPTEMBER 15, 2020

Additionally, SBM customers can get preferential personal banking services, such as better rates on savings accounts with monthly interest payouts and competitive foreign exchange rates, the bank said. . “We

Banking 60

Banking Foreign Exchange Invoicing Securities 60

PYMNTS

NOVEMBER 13, 2019

to set up card and debit payments for customer invoices and bills. GoCardless allows for Direct Debit payments and installment payments for invoices. With Direct Debit, users can collect international recurring payments, with foreign exchange handled by TransferWise.

Foreign Exchange 46

Foreign Exchange Invoicing Auditing Accounting Firms 46

PYMNTS

FEBRUARY 6, 2019

SMBs can receive protection in case their corporate customers become insolvent or file for bankruptcy, or are unable to pay their invoices, according to Waldorf Trade Risk. Insuring against the risk of non-payment of outstanding invoices can support small businesses’ access to financing, the company noted.

Foreign Exchange 53

Foreign Exchange Invoicing Credit Risk Risk Management 53

PYMNTS

NOVEMBER 6, 2018

Fluctuating foreign exchange rates are a relatively new phenomenon,” he told Webster. “It No one yet has found a good way to price exchange rates or to price currencies. Costs of goods or services used to produce — well, goods and services — are invoiced in foreign currencies.

Foreign Exchange 76

Foreign Exchange Currencies Invoicing CFO 76

PYMNTS

MARCH 16, 2016

Foreign currency payments firm Midpoint got a bit closer to its small business accounting partner, Xero, this month when it revealed that not only had they extended their collaborative ties but that Midpoint would also be adding a “Pay Now” button to invoices sent through Xero. Collaboration. It’s just a natural progression.”.

Foreign Exchange 42

Foreign Exchange Banking Invoicing B2B 42

PYMNTS

DECEMBER 11, 2019

Kohli pointed to the added benefits of incoming cash-flow predictions, enhanced invoicing and reconciliation capabilities, and stronger engagement with a vendor’s client community. Foreign exchange (FX) is undoubtedly one of the biggest hurdles. “The person receiving it is just happy to get paid.” and Turkey.

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

FEBRUARY 5, 2020

As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy. For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

OCTOBER 26, 2018

Targeting China’s SMB community, XTransfer provides cross-border payments, collection and foreign exchange solutions, with its eye fixed on exporters. million to eight local FinTech startups, including Nisa Finance , an invoice financing platform. The company — which has offices in Hong Kong, Japan, Canada, the U.S.

Foreign Exchange 77

Foreign Exchange B2B Invoicing Startups 77

PYMNTS

NOVEMBER 3, 2020

FLEETCOR is also looking at areas “adjacent” to payments, Greene said, such as technologies that can help customers figure out how much to pay suppliers or check to make sure invoices get approved. Having software and tools that they can use remotely to keep their businesses running is very important,” Greene told the publication.

Investments 56

Investments Foreign Exchange B2B Invoicing 56

PYMNTS

MARCH 30, 2017

Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas.”. Last year Western Union Business Solutions released new services for small businesses looking to hedge and mitigate against foreign exchange volatility. small businesses.

Foreign Exchange 43

Foreign Exchange Prioritization Currencies Treasury 43

PYMNTS

JANUARY 9, 2018

UnionPay’s global B2B payments solution first rolled out last year to support cross-border supplier payments, invoice management, foreign exchange settlement, accounts receivable and other B2B services. Exports made up 80 percent of that volume. market and allow tourists from China visiting the U.S.

B2B 47

B2B Marketing Foreign Exchange eCommerce 47

PYMNTS

MARCH 5, 2019

CurrencyVue offers a foreign exchange risk management platform that integrates with companies’ existing ERP and accounting systems. In a press release , WorldFirst announced it has acquired Australia-based CurrencyVue, a takeover that WorldFirst said will help expand its cross-border trade and payments solution for businesses.

B2B 43

B2B Foreign Exchange Risk Management Invoicing 43

PYMNTS

AUGUST 25, 2016

PayPal has only recently launched its B2B payments services through a few partnerships aimed at facilitating invoice payments. Separate reports said PayPal has cut foreign exchange commissions for SME exporters by 40 percent. Reports on Wednesday (Aug. Sellers can then send a personalized link to their clients to pay.

B2B 40

B2B Foreign Exchange Invoicing Accounting 40

Reval

JUNE 13, 2017

According to Kerry Logistics Group Treasurer Eddie Mak, Kerry’s previous spreadsheet and paper-based invoicing process for tracking and reconciling intercompany transactions took much manpower for little gain. “We Using Reval, Kerry Logistics increased the transparency and processing time of its intercompany netting operations.

Foreign Exchange 52

Foreign Exchange Treasury Cash Management Risk Management 52

PYMNTS

AUGUST 18, 2016

Earlier this week, for instance, Hitachi Capital Invoice Finance pointed to threats within global supply chains stemming from the economic uncertainty over Brexit. Hitachi Capital Invoice Finance said alternative lenders and trade finance players could stand to gain from the situation, for example.

Foreign Exchange 40

Foreign Exchange Banking Invoicing Finance 40

PYMNTS

NOVEMBER 22, 2019

Carriers must provide verification that a load was delivered, submit bills of lading, provide invoices, and provide documents with any claims submitted by their customers. Working with the carrier means allowing that business to gain a holistic view of their outstanding invoices and progress of each transaction.

B2B 43

B2B Invoicing Accounts Payable Foreign Exchange 43

PYMNTS

AUGUST 7, 2020

You need to do regulatory monitoring on it for anti-money laundering and, depending on [the country in which] you’re making the payments, you need to ask if there are any foreign exchange transaction fees. All the links in the chain need to be real time, but unfortunately many are not.”.

Banking 120

Banking Foreign Exchange SAP Entertainment 120