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

MARCH 16, 2020

In addition, the deal will allow better reconciliation of payments with the matching invoices. There will be cost transparency on fees, and payment routing will be handled by Goldman Sachs’ advanced machine learning technology. The Ariba Network has more than 4.6

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

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. Automation's Expanding Role In The O2C Process.

B2B 79

B2B Foreign Exchange Invoicing Manufacturing 79

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

JULY 8, 2020

To provide platform clients a greater ability to grow and be transparent with global payments, cloud banking company Mambu and B2B cross-border technology firm Currencycloud have joined forces with an integration, according to an announcement. It is an exciting partnership as we develop our offering and continue to innovate together.”

B2B 56

B2B Foreign Exchange Invoicing Accounting 56

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

Global Finance

JUNE 6, 2024

Technology advances bring the high-touch experience to more clients, large and small. The project’s deployment required the collaborative efforts of several bank departments, including business, legal, compliance, engineering, security and IT, as well as outside technology vendors Metaco and Avaloq.

Construction 64

Construction Compliance Cash Management Treasury 64

PYMNTS

DECEMBER 4, 2019

Data integration technology and the embrace of the open banking business model, though, has opened up new opportunities for alternative lenders themselves to collaborate with fellow FinTechs and round out their solution sets in an effort to become a greater competitive force against legacy FIs. The Right Service Combination.

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

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. Grab, the Singapore-based financial technology firm, is reportedly considering a U.S. Singapore FinTech Grab Mulling US IPO Of Up To $2 Billion.

Foreign Exchange 53

Foreign Exchange Currencies Invoicing Planning 53

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

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. The driver behind this, the CEO said, is technology.

Foreign Exchange 42

Foreign Exchange Banking Invoicing B2B 42

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. Companies are realizing the necessity of digital payments and the long-term business benefit.”.

Investments 56

Investments B2B Foreign Exchange Invoicing 56

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

Reval

JUNE 13, 2017

The award from Corporate Treasurer magazine , commends Kerry’s application of technology to support its intercompany netting activities. Kerry’s netting centre captures transaction information, centralises foreign exchange exposures and provides clarity over transaction costs for transactions between the company’s subsidiaries.

Foreign Exchange 52

Foreign Exchange Treasury Cash Management Risk Management 52

PYMNTS

MAY 13, 2020

With high transaction volumes, this speed is rarely accomplished, but through collaboration and technology, Citi and Flywire have demonstrated that it’s not only possible, but it could be the new normal of cross-border B2B payments. Preparing yourself through technology is really my recommendation.”.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

MAY 5, 2016

CSI will lend its digital accounts payable solutions, while Cambridge will add in its payments technology, generating a Web portal to issue and settle cross-border payments. The service providers negotiate foreign exchange rates with other cross-border payment service providers, reports added. “As

Foreign Exchange 40

Foreign Exchange Accounts Payable B2B Invoicing 40

PYMNTS

JUNE 21, 2019

Martin Chikilian, vice president of talent operations for freelancing marketplace Toptal , observed that many software developers in Córdoba, Argentina, where he lives, work remotely for Silicon Valley and New York City technology firms, for example. Screening cannot be entirely left to technology, however.

Foreign Exchange 43

Foreign Exchange Currencies Invoicing Leverage 43

PYMNTS

JUNE 21, 2018

JPMorgan’s treasury management services are the financial institution’s (FI) latest target for technological innovation, reports in CNBC said Wednesday (June 20). billion annual technology budget goes toward development of new tools. “We Do you know you could send a foreign exchange ACH payment instead?

Treasury 44

Treasury Foreign Exchange B2B Invoicing 44

PYMNTS

NOVEMBER 7, 2019

For consumers, many of these challenges include the need to support card transactions so users don’t have to manually calculate foreign exchange (FX) conversion rates. “Businesses are moving toward these forms, partly because of consumer preference and partly because of cloud technology.”

B2B 40

B2B B2C Foreign Exchange Invoicing 40

PYMNTS

JULY 10, 2019

While faster payment capabilities are beginning to gain traction in corporate payment use-cases like payroll, gig worker compensation and intercompany payments, what faster payment technologies offer in accounts payable, some analysts say, has less to do with speed than it does with data.

B2B 62

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

Simply Treasury

SEPTEMBER 9, 2020

Unfortunately, invoices do not get paid in profit, but in cash. In the interests of greater consistency, foreign exchange (FX) should be treated as it would be for budget or consolidation purposes. Technology is available and solutions exist, like CashLab , for example or some other Fintech’s solutions.

Cash Flow Forecasting 130

Cash Flow Forecasting Forecasting Treasury Budgeting 130

PYMNTS

JULY 26, 2019

Remittance and peer-to-peer payment technologies have accelerated transaction speeds for consumers tired of waiting days for money to move across borders. Regardless of how, these technologies and their innovators share common goals: to accelerate and streamline cross border payments.

Foreign Exchange 64

Foreign Exchange B2B Prioritization Banking 64

PYMNTS

NOVEMBER 16, 2018

In an interview, the firm’s CEO and Co-founder Mihir Shukla said the investment will be used to drive more corporate partnerships within SoftBank’s network, and work to push ahead of industry rivals in an increasingly competitive market for enterprise automation and artificial intelligence (AI) technologies.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

DECEMBER 31, 2020

Morgan’s EMEA Head of Wholesale Payments Shahrokh Moinian, technological innovation is helping to unlock more opportunities for corporate treasurers to step up to this newfound strategic role of mitigating risk within their organizations. The other is technological innovation. According to J.P. Bill Marvin , CEO at J.P.

Healthcare 115

Healthcare B2B Foreign Exchange Treasury 115

PYMNTS

JULY 8, 2016

With $3 million in new venture capital, Australia-based Airwallex is helping businesses pay and issue cross-border invoices in the currency of their choice. “It can take days for the money to reach its destination, and the transfer and foreign exchange fees are excessive and often prohibitive to SMEs.”

B2B 40

B2B Startups Foreign Exchange Invoicing 40

Creative CFP

OCTOBER 2, 2020

There is drill-down functionality available from the general ledger, and you can click right through to the supplier invoice. When you pay the foreign supplier or receive money from a foreign client, Xero calculates the foreign exchange profit and loss and posts the journals automatically.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52

Future CFO

JANUARY 21, 2021

One immediate challenge that the Treasury department faced was foreign exchange (FX) exposure. Steven Ho, finance director at TVS Asianics, noted that his business does a “fair bit of transactions in foreign currencies.” Equally important is supply chain financing, which touches on the topics of invoice and reverse factoring.

Treasury 52

Treasury Foreign Exchange CFO Currencies 52

PYMNTS

OCTOBER 4, 2019

India’s FinBox landed an undisclosed amount of pre-Series A funding, reports in Inc42 said this week, with investors at Arali Ventures leading the investment in the credit risk management technology startup. The company said it will use the investment to develop new features for its B2B offering, with a focus on billing and invoicing.

B2B 51

B2B eCommerce Startups Foreign Exchange 51

PYMNTS

FEBRUARY 8, 2018

This means faster settlement services for merchant funding and support for large-scale billers to move from paper invoices and checks to digital replacements. It’s a global payments and assets engine that works on real-time basis, built on new technologies and open architecture using agile development,” he said. Getting to ubiquity.

Foreign Exchange 43

Foreign Exchange Banking Invoicing Compliance 43

PYMNTS

OCTOBER 21, 2016

Tritium Partners led the funding round, which will be used by PayCommerce to focus on continuing technological innovation. In a statement, the firm’s CEO and cofounder, Karla Friede, said the investment from Napier Park will propel the company’s accounts receivable technology development. ” SME Banking. . IbanF irst.

B2B 77

B2B Startups Foreign Exchange Investments 77

PYMNTS

OCTOBER 7, 2016

test BTC sale of a picture of two cats sitting in front of a sunset composed of ASCII characters, an invoice for bitcoin and payment routing through multiple nodes. Blockstream will release its work so that anyone can test the technology or so that “you can buy your own cat on testnet.” From Lights To Lightning.

Currencies 99

Currencies Foreign Exchange eCommerce Banking 99

PYMNTS

MARCH 23, 2016

This type of transaction creates a wider gap between when a purchase is made and when a supplier’s invoice is settled, Lin explained, and presents an opportunity for supply chain finance firms , like Seabury TFX, to step in. And if you think this is a problem just for overseas markets like Asia, think again. “It manufacturer or a U.S.

Foreign Exchange 40

Foreign Exchange B2B Manufacturing Finance 40

PYMNTS

FEBRUARY 11, 2020

Financial institutions (FIs) today face the ongoing threat of trade finance , he noted, pointing to a common tactic of a supplier submitting the same invoice to two different financiers to receive double funding. From invoice fraud to cyberattacks, the threats hampering trust in cross-border trade continue to grow. ”

Technology 53

Technology Finance Foreign Exchange Invoicing 53

PYMNTS

JANUARY 16, 2019

based challenger bank, is expanding its existing partnership with digital payments company PrePay Solutions (PPS) to add corporate accounting and invoicing to its platform. 15), Coconut pointed to sole traders making the shift to become limited companies as a use case that could particularly gain from the new account and invoicing tool.

Invoicing 51

Invoicing Foreign Exchange Accounting Banking 51

PYMNTS

DECEMBER 2, 2020

The tie-up is an extension of a current relationship that will have Satago’s offering smoothly linked with Sage Accounting, which will offer clients automated invoice chasing, invoice finance and credit risk analysis in a single system. Amazon Expands Call Center Business Technology With Voice Recognition. and Canada.

Cash Management 57

Cash Management B2B Foreign Exchange Banking 57

PYMNTS

JULY 24, 2020

Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking.

Startups 102

Startups Foreign Exchange Valuation Invoicing 102