PYMNTS

NOVEMBER 11, 2020

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

Accounts Payable 87

Accounts Payable Invoicing Treasury Reconciliations 87

PYMNTS

JUNE 10, 2020

The new partnership will combine “global open banking initiatives, Samsung SDS’ Nexledger Universal platform and Credorax’s industry expertise” in order to provide automatic payment reconciliation, remittances and invoices for B2B payments. The effect will be to eliminate the need for manual tasks for those functions.

Reconciliations 53

Reconciliations Banking B2B Invoicing 53

PYMNTS

NOVEMBER 18, 2020

Panelists agreed that to get more adoption by stakeholders, banks must leverage real-time infrastructure to unlock value for corporate clients that moves well beyond the confines of simply being fast. Chayt added that the move toward real-time reconciliation marks a new phase in the evolution of real-time processes. Eyeing Efficiency

Reconciliations 98

Reconciliations B2B Treasury Banking 98

Adam Kae

MAY 30, 2023

Just as marketing automation has transformed the way we engage with our target audience, financial automation empowers us to simplify and streamline various financial tasks, including invoicing, expense tracking, and reporting. With automation, we can bid adieu to shoeboxes full of receipts and leverage innovative expense tracking software.

Marketing 52

Marketing Invoicing CFO Reconciliations 52

PYMNTS

DECEMBER 2, 2020

That mismatch of innovation creates B2B chokepoints, where digital invoices and payments are increasingly pushed to suppliers who don’t have the technology or automation in place to handle those technological advancements. And lastly, invoicing workflows are marred by manual processing. Addressing The Chokepoints .

B2B 79

B2B Invoicing Accounts Payable Reconciliations 79

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

PYMNTS

JULY 23, 2020

The goal is to provide a better user experience for invoicing and a reduced risk of fraud. GEP SMART is the cloud-processing program that helps go through millions of invoices per year, and by setting it aside, it could become the first step for many companies to digitize their processes — a popular move to make amid the new pandemic economy.

Accounts Payable 56

Accounts Payable Invoicing Reconciliations B2B 56

PYMNTS

JANUARY 13, 2021

The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. Shields noted that accurately predicting anticipated invoice payment dates can have ripple effects throughout an organization. “No The problems are analog.

Accounting 94

Accounting Invoicing B2B Treasury 94

PYMNTS

NOVEMBER 12, 2020

In an interview with PYMNTS, Lisa Shields , founder and CEO of FISPAN said advanced technologies can help capture new types of data — and leverage that data to offer more relevant products and services. Shields offered an example of intentional information: invoice data. Reconciliation should be an intuitive process, she added.

Banking 88

Banking Invoicing Reconciliations Treasury 88

PYMNTS

JANUARY 20, 2021

I hope we can leverage that urgency to prioritize a lot more examples of embedded finance on the B2B side in 2021. This enables overseas customers to be invoiced and to pay in their local currency while allowing the biller to reconcile those receivables in its financial system of record and currency.

B2C 70

B2C B2B Currencies Invoicing 70

Bramasol

JUNE 30, 2023

For example, RPA processes handling repetitive and rule-based tasks, such as data entry, document processing, and invoice reconciliation can be guided by new, higher level AI insights and learning capabilities. This cost-effective model allows businesses of all sizes to leverage advanced technologies without financial constraints.

SAP 76

SAP B2B Leverage Analyzing Data 76

E78 Partners

MAY 8, 2024

Validation and Reconciliation: Once categorized, the telecom expenses are validated against predefined benchmarks or budget allocations. Reconciliation may involve cross-checking billing details with service contracts and usage records. Discrepancies or outliers are investigated to ensure accuracy and integrity of the data.

Leverage 52

Leverage Auditing Compliance Invoicing 52

Bramasol

SEPTEMBER 12, 2022

Optimized Contract Management - OCM offers an enhanced alternative to classic contract management (CCM) that leverages full integration with S/4HANA. Trigger time-based revenue recognition at customer invoice: Provides option to start the time-based revenue recognition of a POB when the customer invoice related to the POB is issued.

SAP 83

SAP IFRS Compliance Invoicing 83

PYMNTS

DECEMBER 4, 2020

Corporates, banks and financial institutions (FIs) have decentralized systems over time, putting up data siloes and “between [enterprise resource planning], source to pay and the final execution of the invoice payment, add[ing] layers of manual inputting for AP professionals.”.

B2B 57

B2B Invoicing Reconciliations Forecasting 57

PYMNTS

JANUARY 19, 2021

Those pain points center around cash flow, manual processes (where employees match invoice and payment data), and the management of suppliers. With virtual payments, buyers gain from being able to increase their days payables outstanding by leveraging their credit lines on their commercial card products.

B2B 93

B2B Invoicing Reconciliations Treasury 93

PYMNTS

DECEMBER 11, 2020

Artificial intelligence (AI) is being leveraged to adjudicate the claim and issue the payment immediately, he said. “In In our world that can mean less than 24 hours from invoice [to] payment,” he added. The end result is that the day's sales outstanding metric is cut down considerably for providers, which improves cash flow.

Healthcare 67

Healthcare Reconciliations Invoicing Numbers 67

PYMNTS

SEPTEMBER 16, 2020

At EedenBull, we’re not only embracing change, but [are] seeking to work with our partner banks to drive change and leverage the opportunities provided.". Via the Salt Edge API, Deskera can aggregate data from more than 5,000 FIs to automate invoicing, taxes and other workflows for its SMBs.

Banking 56

Banking Concentration Reconciliations Invoicing 56

PYMNTS

OCTOBER 17, 2017

Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients. In an announcement on Tuesday (Oct.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

JULY 3, 2018

Amid talk of enterprise digitization, discussions about paper invoices and checks persist. New research suggests a vast divide between businesses that have embraced technology and electronic processes in the accounts payable department and businesses that instead prefer to retain those paper invoices and checks. ”

Accounts Payable 41

Accounts Payable Accounting Invoicing Reconciliations 41

PYMNTS

JULY 23, 2018

” PayStand noted that the network will focus on improving the payments lifecycle, from accounts receivable to invoice reconciliation. In the program, the company said it will look at how to leverage program mentors to support the development of the network.

B2B 40

B2B Reconciliations Invoicing Leverage 40

PYMNTS

OCTOBER 10, 2017

Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded. Regional Trends.

B2B 49

B2B Reconciliations Invoicing Accounts Payable 49

PYMNTS

JULY 7, 2017

Reports Thursday (July 6) said Veem is integrating its cross-border wire payment capabilities into QuickBooks so SMEs can pay supplier invoices from within the. Small businesses paying international suppliers can have access to Veem’s multicurrency payment capabilities as well as its payment tracking and reconciliation tools.

B2B 44

B2B Reconciliations Invoicing Leverage 44

PYMNTS

FEBRUARY 5, 2018

According to Allstar , the company wants to address friction in that process by streamlining the expense management and reconciliation process. Visa fleet cards used automatically send fleet managers an invoice, while those managers can also place controls on fleet cards to better manage driver spend.

Reconciliations 43

Reconciliations Invoicing Budgeting Leverage 43

PYMNTS

JUNE 22, 2016

GPOs are groups of corporations that leverage their size and power in numbers to obtain discounts from suppliers and require that these vendors operate across a multitude of networks, systems, standards and processes, the report said. . Collectively, a closed-loop network saves money and enhances efficiencies.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

PYMNTS

OCTOBER 14, 2020

That’s translated into a fundamental shift in workflows, spanning everything from procurement to invoice approvals to payments that need to be made. He noted that companies such as KeyBank have been reaching out to educate enterprises on leveraging security solutions and improving defenses against fraudsters. Looking Ahead .

B2B 97

B2B Accounts Payable Reconciliations Economics 97

PYMNTS

JUNE 4, 2018

These costs are largely due to low levels of automation for booking, invoicing and reconciliation and the predominance of cash, bank transfers and checks for payment. The cost of today’s process inefficiencies represents $34.4 billion annually for the global container shipping industry, according to Drewry Supply Chain Advisors.

Reconciliations 40

Reconciliations Invoicing Leverage Securities 40

PYMNTS

NOVEMBER 4, 2016

Deals were made with B2B invoicing and payments firm Viewpost, as well as health care blockchain company Gem and natural language search technology company ClearGraph. “We’re leveraging technology to really try and make that as simple and as easy to implement as possible.”

Treasury 79

Treasury B2B Leverage Reconciliations 79

PYMNTS

SEPTEMBER 23, 2019

Open banking is incentivizing banks to open up data in ways to promote product innovation and industry competition, but financial institutions stand to gain significantly from leveraging the data they hold. Beyond the Payment.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

MARCH 23, 2017

We wanted to provide a quick-reference guide for suppliers on what Same Day ACH is, the differences between Same Day and ‘classic’ ACH payments, and how they can leverage this new option to meet their financial objectives.”.

B2B 54

B2B Invoicing Reconciliations Education 54

PYMNTS

SEPTEMBER 12, 2019

Throw omnichannel B2B offerings into the mix – online and brick-and-mortar – and things get even more complicated when it comes to invoicing, reconciliation and even knowing where and when funds will hit accounts amid day-to-day commerce. The key is standardizing payments, money flows and invoicing. The Platform Model.

B2B 45

B2B Accounts Payable Invoicing B2C 45

PYMNTS

DECEMBER 5, 2019

For EedenBull, that means addressing a range of issues, including VAT return automation, cross-border compliance and wielding technology to allow businesses and employees make card payments by sitting in between a B2B transaction of invoice-to-payment — even when suppliers don’t accept cards.

Accounts Payable 52

Accounts Payable B2B Problem Solving Nonprofit 52

PYMNTS

JUNE 28, 2019

Serai likens itself to a professional social networking solution, and the backing by HSBC will allow Serai to leverage HSBC’s existing client base. Reports in Inc42 said the company automates settlement and reconciliation to help firms manage transactional data, and monitor the entire lifecycle of a transaction.

Valuation 43

Valuation Reconciliations B2B Startups 43

PYMNTS

MAY 8, 2017

Flywire streamlines payments for those global citizens and, just as importantly, the receipt and reconciliation of those payments for the businesses to whom they are sending money. If they conduct business online, that’s another one, and probably another POS vendor on top of that.

Healthcare 50

Healthcare Education Reconciliations Invoicing 50

PYMNTS

MAY 23, 2016

2015, MCX’s “anchor member,” Walmart, launched Walmart Pay , a QR code-based mobile payments app that leverages Walmart.com credentials, which include network branded credit and debit cards. Before these businesses had separate accounts to do invoicing and reporting. Durbin Vs. EMVCo.

Invoicing 43

Invoicing Concentration Reconciliations Accounting 43

PYMNTS

NOVEMBER 20, 2019

Citi noted traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collection and reconciliation. The platform integrates cross-border billing, payment acceptance and reconciliation into a single solution. “In

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

PYMNTS

FEBRUARY 27, 2020

In the latest Next-Gen AP Automation Tracker , a PYMNTS and Bottomline Technologies collaboration, we provide an informative deep dive into how ERP and accounts payable (AP) automation are combined to form a superior invoice-to-payment-to-reconciliation process solution with a significant financial upside for all. Leveraging APIs.

Accounts Payable 56

Accounts Payable Invoicing Reconciliations Leverage 56

PYMNTS

NOVEMBER 3, 2020

Everlink Payment Services is teaming with workflow solutions provider FINTAINIUM to offer B2B and B2C payments in real time, leveraging the ISO 20022 global standard, according to a press release. With APS ClickToPay, companies can have customer invoices paid directly to accounts receivable.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88