Remove Invoicing Remove Leverage Remove Reconciliations Remove Treasury
article thumbnail

Collaboration Spurs Treasury Management Innovation

PYMNTS

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.”

article thumbnail

Back Office Is Front And Center In Optimization Wave

PYMNTS

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

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

AI Rides To Rescue Of Analog Accounting Processes

PYMNTS

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.

article thumbnail

Real-Time Payments Go Beyond The Need For Speed

PYMNTS

Panelists included Sarah Billings , PNC’s senior vice president and head of payments product, operations and strategy; Bridgit Chayt , Fifth Third Bank’s senior vice president and director of commercial payments and treasury management; and infrastructure expert Domenico Scaffidi of Volante Technologies. Eyeing Efficiency .

article thumbnail

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

PYMNTS

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
article thumbnail

Mid-Year Update on Key Trends to Watch

Bramasol

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 75
article thumbnail

Virtualized B2B Payments: Poised To Kill The Paper Check — And The Plastic Card

PYMNTS

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