PYMNTS

JANUARY 17, 2021

ICICI’s current account holders will be able to use the partnership to securely connect their software to their bank accounts. At ICICI Bank we believe that ‘ease of doing business,’ ‘digitization’ and synergy with technology partners are important growth enablers for the [SMBs],” he said, according to the report.

Banking 61

Banking Reconciliations Invoicing Accounting 61

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

Streamlines invoicing and payment processes help you get paid faster and reduce the time it takes to close out the month. Accruals and reversals are automated, and entries are visible at all times, reducing the manual work needed for journal entries and reconciliations. Customize Your Chart of Accounts With Dimensions.

General Ledger 62

General Ledger Reconciliations Accounting Standards Auditing 62

PYMNTS

FEBRUARY 4, 2020

That’s particularly true in accounts receivable (AR), with B2B suppliers not only needing money to flow in from their buyers, but high-quality transaction data for reconciliation, reporting and analytics. A Reconciliation Headache. But very little, if any, thought is given to the downstream implications for the supplier.

Reconciliations 61

Reconciliations B2B Invoicing Accounting 61

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. Awareness of those differences is key.

Reconciliations 98

Reconciliations B2B Treasury Banking 98

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

MARCH 6, 2020

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. Just this week, RTP Global announced a a fund, with the venture capital firm planning to deploy that cash for early-stage technology companies in areas like FinTech and Software-as-a-Service (SaaS). and hoping to expand into Europe.

B2B 80

B2B Startups Nonprofit Reconciliations 80

PYMNTS

AUGUST 3, 2020

One financial technology firm currently navigating the process of securing a bank charter is Avanti Financial Group , and as it approaches market launch, Founder and CEO Caitlin Long said the firm is focusing on another area of financial services that has struggled to manage complex regulatory challenges: digital assets. .”

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

FEBRUARY 7, 2018

million subscribers now have another way to get paid quickly in a secure manner. Our ultimate goal at Xero is to make sure small businesses are getting paid as quickly as possible while making the experience from set-up to reconciliation seamless,” said Craig Walker, chief technology officer at Xero, in a press release announcing the news.

Invoicing 44

Invoicing Reconciliations Accounting Banking 44

PYMNTS

AUGUST 19, 2020

According to Fordyce, when it comes to B2B payments technology and AP automation, targeting the unique needs of particular verticals is one impactful way to stand out. Again, noted Fordyce, this can take many forms — from automating invoice reconciliation to addressing a user’s resource constraints.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

PYMNTS

SEPTEMBER 16, 2020

Cross-border payments technology company Payoneer debuted its Payoneer for Banks program last week, an initiative that provides financial institutions (FIs) and other service providers with infrastructure to send and receive global payments. Eedenbul Secures PSD2 License. Payoneer Debuts Program For Banks.

Banking 56

Banking Concentration Reconciliations Invoicing 56

PYMNTS

DECEMBER 28, 2020

Yet the current trade credit landscape comes with significant challenges, especially for the supplier, with Floate pointing to the requirement for vendors to take on the financial risk until after an invoice is actually paid.

B2B 81

B2B Invoicing B2C Reconciliations 81

PYMNTS

JULY 3, 2020

The FI’s latest tie-up , announced earlier this week, is with FIS and MineralTree , with FIS extending its Integrated Payables solution, and MineralTree offering its Invoice-to-Pay tool for People’s United Bank corporate customers. Collaborating with FinTechs is a valuable strategy for banks, noted Sigovitch.

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

PYMNTS

APRIL 3, 2020

Accounts payable (AP) automation technology presents an obvious benefit to companies of all sizes and industries to boost efficiency and strategize vendor payments. A Payments Balancing Act. For LockerDome, Lewis explained that one of the most glaring areas of inefficiencies in AP processes is the supplier payment itself.

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

PYMNTS

JULY 3, 2019

In a press release issued Tuesday (July 2), Palmarius Advisors announced that its AP solution provides automated reconciliation and increased security to mitigate the risk of fraud while simplifying accounts payable transactions.

Accounts Payable 40

Accounts Payable Accounting Invoicing Reconciliations 40

PYMNTS

JANUARY 26, 2017

The company announced earlier this month that it has developed what it claims to be the world’s first technology to integrate blockchain into ERP systems like SAP. Being able to transmit this type of data via blockchain would make B2B processes like invoice processing and payments far quicker, the company explained.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

SEPTEMBER 23, 2019

Corporates have growing expectations for faster, more efficient and more secure B2B payments — whether their money is moving from one business unit to another or one country to another. Payments Speed and Security. As financial institutions gather for this year’s Sibos conference kicking off in London today (Sept.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

MAY 13, 2020

to China within only a few hours in order to secure a PPE shipment for healthcare providers. She and a group of volunteers are working to facilitate the procurement of PPE from that distributor for Boston-area hospitals, and so far have secured 1.4 The ability to quickly, securely and efficiently move funds within a day from the U.S.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

Spreadym

JUNE 19, 2023

Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. Implement efficient invoicing processes, offer incentives for early payments, and promptly follow up on overdue payments to minimize the risk of cash flow gaps.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

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. Looking at Working Capital – and Security. For example, he noted, blockchain exists as “technology looking for a problem.”). All high-tech is not created equal. Looking Ahead .

B2B 97

B2B Accounts Payable Reconciliations Economics 97

PYMNTS

MAY 10, 2017

The tools support reconciliation, instant card issuance through CSI globalVCard’s mobile app, spend control and other AP technologies. Paper-based invoice processing, analysts calculated, costs $22 per transaction. Paper-based invoice processing, analysts calculated, costs $22 per transaction.

Accounts Payable 43

Accounts Payable Accounting Benchmarking Reconciliations 43

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

MAY 11, 2018

Earlier this year, Xero delisted on the New Zealand Stock Exchange and consolidated its listing onto the Australian Securities Exchange. Earlier this month, the two businesses also announced their participation in a new initiative from Microsoft to power invoice payments directly within the Microsoft Outlook portal.

Reconciliations 40

Reconciliations Invoicing Accounting Firms Accounting 40

PYMNTS

JANUARY 19, 2017

Their partnership means companies can pay their subcontractors within invoice payment terms, while remaining compliant with the U.K. WebContractor is designed to tackle the problems construction businesses face with effective subcontractor management, using technology to ease the burden of U.K.

Construction 43

Construction B2B Reconciliations Invoicing 43

PYMNTS

SEPTEMBER 7, 2018

The company, according to reports , secured the funds through a joint venture with BTG Pactual, Latin America’s largest financial institution. Reports noted that BTG Pactual’s funding signals growing interest in small business lending technologies in Latin America. The company said this week that it secured $1.75

B2B 43

B2B Invoicing Reconciliations eCommerce 43

PYMNTS

NOVEMBER 4, 2016

In B2B payments, that can mean discontent in the way traditional banks and FIs do business or a need for disruptive technologies to come to market faster than banks can offer. 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.

Treasury 79

Treasury B2B Leverage Reconciliations 79

PYMNTS

MARCH 23, 2017

The company, which provides education and resources for suppliers, recently released a new eBook to guide vendors on how to take advantage of Same Day ACH technology. The Definitive Guide – Same Day ACH argues that not only can Same Day ACH mean faster supplier payments, but the technology presents a host of other benefits for B2B vendors.

B2B 54

B2B Invoicing Reconciliations Education 54

PYMNTS

JUNE 4, 2018

“Following successful implementations in the travel and insurance sectors, we look forward to partnering with Stargo to bring the security and convenience of our digital payment solutions to the global freight industry.”. The cost of today’s process inefficiencies represents $34.4

Reconciliations 40

Reconciliations Invoicing Leverage Securities 40

PYMNTS

JUNE 15, 2018

The cost of technology has lessened, though, opening the door for SMEs to bring bits and bytes to supply chains – lessening reliance on manual processes and invoices of the paper kind, thus eliminating errors. Auto bank reconciliation will also be available to SMEs. And the trend is increasingly international in scope.

Compliance 46

Compliance Reconciliations Invoicing Banking 46

PYMNTS

DECEMBER 4, 2017

How to streamline payments between buyers and suppliers who are unaware that new technology can significantly enhance operational efficiencies? And the technology finally exists to make that happen; it simply takes some education to build awareness. PARS for a New Course.

B2B 40

B2B Invoicing Reconciliations Accounts Payable 40

PYMNTS

JUNE 28, 2019

It wasn’t the only corporate T&E firm that secured new funding, though, nor was it the only B2B FinTech that raised venture capital. The $1 million in Seed funding for India-based Recko will help the firm grow its payments reconciliation solution for companies in the banking, lending, insurance, eCommerce and telecom industries.

Valuation 43

Valuation Reconciliations B2B Startups 43

PYMNTS

JULY 8, 2016

The Asia-Pacific region undoubtedly led the way, with India securing the largest investment of the week (alternative SME lending) and other deals reaching Australia and China in the logistics, cross-border payments and SaaS segments. Check out our breakdown of all the deals below. Check out our breakdown of all the deals below.

B2B 40

B2B Startups Foreign Exchange Invoicing 40

PYMNTS

APRIL 12, 2016

The nonprofit industry has a lot to gain from this payment technology, claims a new whitepaper from vendor management consulting firm Vendor Centric. But what a commercial card can’t do as well as a virtual card is security. Nonprofits are well-positioned to benefit from virtual credit cards,” the report concluded.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

E78 Partners

MAY 8, 2024

ITSM is short for Information Technology Service Management, and in ServiceNow, it means a collection of practices, processes, and tools that are used to create, provide, manage, and enhance IT services that meet the requirements of an organization and its customers. What is ITSM within ServiceNow?

Leverage 52

Leverage Auditing Compliance Invoicing 52

PYMNTS

NOVEMBER 1, 2018

Predictable means that those spikes could be planned, and the technology that powered those payment products were built to accommodate the big spikes that happened once a year, before falling off to average levels. Instead, they support constant high usage, with the fraud controls to enable a secure and seamless worker experience.

Reconciliations 72

Reconciliations Transportation Invoicing Securities 72

The Finance Weekly

APRIL 13, 2024

While personal finance applications often focus on budgeting and tracking investments, business finance applications are enriched with additional functionalities, such as invoicing and inventory management, to support a wider range of business operations.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

PYMNTS

AUGUST 8, 2018

From receiving invoices in the preferred format, to paying suppliers in the preferred rail and enabling both sides to reconcile the transaction, a lot of friction, errors and cybercrime plague AP departments today. This technology, though, can manage other key issues with invoice processing, including fraud and duplicates.

Invoicing 48

Invoicing Accounts Payable Communication B2B 48

PYMNTS

OCTOBER 31, 2017

The beauty of paying with a check is, typically, the check is accompanied with the invoice, and all the information is there in front of you,” he recently told PYMNTS. You have the invoice, the check, the bank information — everything is there.”. There’s a big issue about connecting an electronic payment to an invoice,” he added.

Invoicing 41

Invoicing Treasury Reconciliations B2B 41