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

MARCH 3, 2020

Digitization remains a key catalyst for change, and as a customer-first bank, we understand the importance of leveraging blockchain technology to deliver seamless and frictionless experiences to our clients.” PNC was reportedly the first U.S. bank to use RippleNet’s blockchain network to move money across borders.

Banking 100

Banking Treasury Invoicing Leverage 100

PYMNTS

OCTOBER 19, 2020

CheckAlt , which provides lockbox and treasury management services, is now working with Florida's Citizens Bank & Trust to provide the aforementioned services, a press release says. CheckAlt also recently partnered with Tru Treasury to help boost credit unions' new members and services, PYMNTS writes.

Banking 67

Banking Nonprofit Treasury Invoicing 67

PYMNTS

DECEMBER 28, 2020

PYMNTS December 2020 Global B2B Payments Playbook done in collaboration with Worldpay makes a simple, somewhat baffling observation: “Many B2B payments are [still] being made over the same rails that firms have leveraged for decades, utilizing familiar payment tools and being supported by the same pre- and post-payment systems.”.

B2B 71

B2B Cash Flow Forecasting Invoicing Leverage 71

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.

Banking 88

Banking Invoicing Reconciliations Treasury 88

PYMNTS

JULY 10, 2020

Many consumers are again earning steady paychecks, while others are leveraging their stimulus fund disbursements to make more purchases. Manual, paper-based AP procedures can stand in the way of this, though, because these methods require staff to spend time and resources handling invoices and typing details into company systems.

Invoicing 55

Invoicing Budgeting Leverage Treasury 55

Bramasol

MARCH 31, 2023

According to SAP's high-tech industry executive Patrick Maroney , " Offering a usage- or subscription-based solution entails a fundamental change in your business model, whereby there is synchronization and native integration between commerce, configuration, pricing, quotation, finance, supply chain, billing/invoicing and entitlement management. "

SAP 84

SAP Compliance Invoicing B2C 84

PYMNTS

JUNE 3, 2020

Brian Belcher , chief operating officer for Vector, said in the announcement that the company has “enjoyed seeing our mutual customers leverage our integrations in new ways to achieve the most unique workflow challenges.”

Transportation 52

Transportation Invoicing Treasury Leverage 52

Bramasol

APRIL 26, 2023

As shown below, the current Quote-to-Cash portfolio from SAP (formerly known as BRIM) includes Subscription Order Management (SOM), Convergent Charging (CC), Convergent Mediation (CM), Convergent Invoicing (CI), Corporate Finance Management (CFM) and Revenue Accounting & Reporting (RAR).

SAP 86

SAP Corporate Finance Compliance Invoicing 86

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

PYMNTS

OCTOBER 19, 2020

While efficiency brought on by digitization and the treasury function can both play a vital role in helping a business bolster working capital, banks can play a role, too. Knowing when invoices are raised by the corporate and where capital infusion is necessary is the logical growth and partnership avenue for banks.”.

Finance 60

Finance Banking Accounts Payable Invoicing 60

Bramasol

MAY 31, 2023

Leveraging the SAP Business Technology Platform (BTP), the solution provides a guided approach to digital transformation that simplifies the transition to the intelligent enterprise. along with ERP, finance, and revenue recognition functions within the overall SAP ecosystem.

SAP 76

SAP Compliance Transportation Leverage 76

PYMNTS

DECEMBER 18, 2020

Such modernizations could help financial departments process invoices more quickly and easily.”. Sixty-seven percent of respondents were actively adopting AI and machine learning or considering doing so, and 74.2 percent were considering or currently spending on AP and AR automation.

Accounts Payable 64

Accounts Payable Invoicing Treasury Accounting 64

Bramasol

JULY 31, 2023

In order to take these bundling scenarios to an optimal level, medical equipment makers need to leverage more integrated solutions that bring all the backend processes together in a seamless end-to-end environment that meshes with compliance and reporting mandates.

Accounting 75

Accounting SAP GAAP IFRS 75

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

NOVEMBER 18, 2020

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. Looking Ahead.

Reconciliations 98

Reconciliations B2B Treasury Banking 98

Bramasol

DECEMBER 14, 2023

With our core focus on financial applications such as order-to-cash, revenue recognition, subscription-billing, leasing, treasury and other solutions, Bramasol has significant experience in virtually all aspects of S/4HANA migration that involve the Office of the CFO.

Technology 88

Technology SAP IFRS Compliance 88

Strategic Treasurer

JANUARY 3, 2022

Host Craig Jeffery kicks off the 2022 Outlook series with a conversation with Jon Paquette, Senior Financial Solutions Expert at TIS (Treasury Intelligence Solutions), on the outlook of payments. They discuss technology developments that will likely have the biggest impact on treasury in 2022. Host: Craig Jeffery, Strategic Treasurer.

Treasury 52

Treasury Cash Flow Forecasting Forecasting Banking 52

Future CFO

APRIL 21, 2021

Manual AP invoicing has been outdated and inefficient for years now, so when business across the globe encountered significant disruptions, companies with digital transformation still on their to-do lists felt the impact on their operations far more than those already using automation. Eliminating manual processes. Enhancing visibility.

Accounts Payable 40

Accounts Payable Accounting Invoicing Finance 40

PYMNTS

JUNE 30, 2016

Companies considered the AP unit as far less collaborative with the finance and treasury departments, researchers found. Ardent Partners found that 71 percent of companies leverage AP data when handling invoice exceptions, and 67 percent said they leverage that data to improve collaboration between the finance and procurement department.

Accounts Payable 41

Accounts Payable Invoicing Leverage Treasury 41

PYMNTS

JUNE 12, 2019

It turns out the deck may be unfairly stacked against accounts payable (AP), treasury and other payments professionals as they do battle against fraudsters, especially if they have not yet been spurred to action because of fraud losses or attempts. Wire transfers can be steered toward fraudsters’ bank accounts.

Accounts Payable 62

Accounts Payable Accounting Invoicing Securities 62

PYMNTS

MARCH 13, 2019

Manual, paper-based invoicing systems are objectively worse in every metric when stacked against automated, digital AP systems that leverage straight-through processing. When done wrong, automation can be every bit as time-consuming and costly as manual invoice processing.

Accounts Payable 44

Accounts Payable Accounting Invoicing Benchmarking 44

PYMNTS

MARCH 30, 2017

Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas.”. Analysis from WUBS found that the majority of SMEs weren’t actively strategizing to leverage the strength of their own local currencies. small businesses.

Foreign Exchange 43

Foreign Exchange Prioritization Currencies Treasury 43

Future CFO

DECEMBER 11, 2023

Suppliers can embed real-time payment instructions in customer communications to simplify invoice processing. They also had to learn how to leverage the new opportunities from payments to go beyond just the handling of transactions, and how to derive new revenue streams and build new products and services around payments.

Banking 98

Banking Finance CFO Leverage 98

PYMNTS

DECEMBER 31, 2020

JPMorgan: Real-Time Treasury A Key Driver Of Corporate’s Loyalty. We’re really focused right now on leveraging the PayPal consumer franchise [to get consumers] back into the SMBs on Main Street. You still have to do a signature … you still have to put in PIN codes. What we developed … is purely and truly contactless.”. That’s our No.

Healthcare 115

Healthcare B2B Foreign Exchange Treasury 115

PYMNTS

JUNE 9, 2017

A market that Praeger’s firm, AvidXchange, is in the business of serving by offering invoice automation and payment processes services solutions for those “Mighty Middle” businesses in North America. The new Mastercard B2B Payments Hub will enable an end-to-end automated solution for invoices and accounts payable to those businesses.

B2B 48

B2B Invoicing Accounts Payable Accounting 48

PYMNTS

MAY 11, 2018

The potential cannot be ignored, however – particularly in the finance department, where information from accounts payable, accounts receivable, treasury and accounting hold the keys to insight into cash flow, predictable payment behavior and new opportunities to boost the bottom line. That complexity has corporates missing out on money.

Accounts Payable 40

Accounts Payable Treasury SAP Forecasting 40

PYMNTS

SEPTEMBER 27, 2019

Paro told reporters that it will look to wield the data it now has, and leverage it for freelancers and businesses using its solution. should look like,” and develop new features for its startup clients with a focus on payments and treasury management. Everledger. Engage:BDR. Reports in L.A. Fundbox.

B2B 59

B2B Accounts Payable Startups Advertising 59

Planful

JANUARY 3, 2017

Treasury and cash management. Unless you plan on paying bills and keeping the books manually, your company cannot operate without some type of automated accounting system to run payroll, process invoices, make payments, bill clients, track collections, and produce periodic financial statements. Accounts payable. Fixed asset management.

General Ledger 40

General Ledger Budgeting Forecasting Cash Flow Forecasting 40

PYMNTS

OCTOBER 20, 2020

Bloh said that direct connectivity can enable real-time confirmation of invoice information and real-time reconciliation of payments, among other activities. The virtual card is a helpful tool, as a one-time-use, 16-digit number associated with an invoice,” Dearborn told the panel. Trusted Partnerships – FinTechs And Marketplaces.

B2B 104

B2B Accounts Payable Treasury Invoicing 104

PYMNTS

NOVEMBER 20, 2019

Citi is streamlining the cross-border collections process for its corporate treasury clients, the financial institution said Wednesday (Nov. Citi noted traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collection and reconciliation.

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

PYMNTS

SEPTEMBER 26, 2018

Most professionals surveyed agreed accounts payable is either an exceptionally or very valuable function of the enterprise, and most have been able to standardize their AP processes, achieve two- or three-way matching capabilities, and automatically route invoices for approval. less to process a single invoice.

Accounts Payable 64

Accounts Payable Accounting Invoicing B2B 64

PYMNTS

SEPTEMBER 17, 2018

The handwritten invoice he left with my cushions included his name, his mobile phone number and the payment methods he accepted: cash or check. The invoice amount was less than $500. When I got the invoice, I panicked a little. He delivered my cushions, as promised, about a month ago. The product was exceptional.

Invoicing 78

Invoicing Accounting Banking B2B 78

PYMNTS

JUNE 28, 2019

Digital payments may be in the crosshairs of treasury professionals, banks and FinTechs, but the journey to truly transform business payments is fraught with challenges. Industry research shows time and time again that treasury professionals’ top payments-related concerns center on payments fraud, he said.

Treasury 43

Treasury Technology Invoicing Banking 43

PYMNTS

APRIL 11, 2017

Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas,” Anderson continued, adding that some services, like those offered by Money Mover, allow a small business to lock in an FX rate to ease the impacts of rate fluctuations.

Foreign Exchange 43

Foreign Exchange Economics Treasury Education 43

PYMNTS

JUNE 6, 2019

In the rush to offer technology as an aid to capturing revenue in the form of discounts and rebates for paying promptly or early, any number of vendors offer “integrated” solutions to banks — which, in turn, work with corporate clients to manage treasury operations.

Accounts Payable 71

Accounts Payable Accounting Treasury B2B 71