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.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

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

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

FEBRUARY 1, 2021

If at that time, someone would have asked Citi Managing Director and Global Head of Domestic Payments and Receivables Anupam Sinha how long it would take for corporate treasury organizations to fully embrace digital , he said his answer would likely have been something along the lines of, “Don’t hold your breath.”. Recreating The Backend.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

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. Eyeing Efficiency .

Reconciliations 98

Reconciliations B2B Treasury Banking 98

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

NOVEMBER 25, 2020

Technology that can not only optimize a B2B transaction, but can also loop directly into both buyers' and sellers' systems, will be key to cutting the friction. Today, suppliers that receive a transaction may see funds weeks after an invoice is issued. Deepening Data Ties. What’s important is the data that flows with the payment.”.

B2B 116

B2B Invoicing Reconciliations Treasury 116

PYMNTS

DECEMBER 31, 2019

Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner. Suppliers whose invoices have not been paid quickly may deliver another invoice, leading buyers to mistakenly pay for two.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61

PYMNTS

JULY 10, 2019

Lisa Lansdowne-Higgins, vice president of business deposits and treasury solutions at the Royal Bank of Canada (RBC), recently told PYMNTS that these three disruptors have a significant opportunity to shake up accounts payable processes thanks to the impact they have on data. Bank-FinTech Collaboration.

B2B 62

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

PYMNTS

JULY 3, 2020

People’s United Bank Senior Vice President of Treasury Management Cris Sigovitch told PYMNTS that while access to payables FinTech solutions is important, perhaps even more essential is access to a trusted partner that can guide firms toward a resilient and future-proof AP department.

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

PYMNTS

NOVEMBER 21, 2018

Or, it could be a lack of familiarity with these technologies that leads to mistakes in deployment or a lower ROI. “With the proliferation of the PDF, most vendors will send you not a paper invoice, but email a PDF,” he recently told PYMTNS in an interview. “It’s born digital. “It’s born digital.

Accounts Payable 63

Accounts Payable Invoicing Reconciliations Accounting 63

PYMNTS

AUGUST 8, 2019

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. There are a lot of treasury management issues out there that need to be addressed,” he told PYMNTS in a recent interview.

Accounts Payable 57

Accounts Payable Accounting B2B Reconciliations 57

Strategic Treasurer

JANUARY 6, 2022

Coffee Break Session Host Alexa Cook catches up with Strategic Treasurer’s Managing Partner, Craig Jeffery, to discuss what RTP is and how it can be advantageous from a treasury perspective. Hey guys, welcome to The Treasury Update Podcast Coffee Break Session. Hey guys, welcome to The Treasury Update Podcast Coffee Break Session.

Treasury 52

Treasury Concentration Reconciliations Banking 52

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

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

DECEMBER 12, 2019

Contrast that with the fact that well over 40 percent of B2B invoices are still paid by paper check. To leapfrog slow legacy systems and overloaded information technology (IT) departments, financial institutions (FIs) and FinTechs are innovating with application programming interfaces (APIs) that move B2B funds faster.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

MAY 24, 2017

The Tracker, the firm explained, offers an end-to-end view of those transactions, providing businesses with a notification when funds land at a recipient’s account for faster, more accurate account reconciliation and invoices. Using API technology, SWIFT’s Tracker links to global banking systems to boost visibility into payments.

Reconciliations 43

Reconciliations Treasury B2B Invoicing 43

PYMNTS

SEPTEMBER 17, 2019

Instead, taking a look at the latest solutions to emerge on the market shows various applications for speed in commercial transactions, from faster deposits for small businesses, to virtual cards enabling faster invoice payments for suppliers. Chase Accelerates SMB Bank Deposits. FinTechs Move Money To Vendors Faster.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

PYMNTS

MAY 13, 2020

Speaking with Karen Webster, Citi Commercial Bank Senior Vice President and Treasury Sales Officer Thor Perplies described the experience of working with Flywire to facilitate the movement of funds from the U.S. Preparing yourself through technology is really my recommendation.”.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

APRIL 9, 2019

Meanwhile, the trade credit insurance market has progressed along its own separate trajectory of innovation and FinTech disruption, with service providers targeting smaller vendors as potential customers that need to insure their invoices against nonpayment. ”

Finance 63

Finance Cash Flow Forecasting Reconciliations Treasury 63

PYMNTS

NOVEMBER 15, 2019

And when it comes to ACH, in addition to the fact that funds leave company coffers when a transaction is initiated, Leavitt also pointed to the hidden costs of that rail’s inability to move a high volume of data along with a payment, limiting reconciliation capabilities for suppliers that receive a high-value transaction for multiple invoices.

B2B 53

B2B Accounts Payable Cash Management Reconciliations 53

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. Distributed ledger technology (DLT), in essence, is a distributed database that securely stores and organizes data. Real-Time Window To Treasury Management.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

OCTOBER 31, 2017

For the receivers of those checks, there’s another major argument in favor of the clunky, manual and insecure payment rail, according to Deluxe Treasury Management Solutions Vice President Gary Cawthorne. You have the invoice, the check, the bank information — everything is there.”. It’s a huge untapped market potential for them.

Invoicing 41

Invoicing Treasury Reconciliations B2B 41

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

Future CFO

APRIL 7, 2022

To be fair, there is no lack of new technologies aimed at displacing the beloved spreadsheet. The truth, however, is that modern cloud-based solutions can make the upgrade proposition very attractive cost-wise, and new technologies like AI and ML can dramatically aid usability and productivity,” he continues. “The Albert Leong.

Finance 98

Finance SAP Leadership Cash Management 98

PYMNTS

OCTOBER 20, 2020

At a high level, Transcard’s Bloh noted that bringing AR and AP together requires a holistic approach – embracing changes in technology, processes and payments – and in the end, perhaps, delivering a whole new model of interaction. It's quite a unique tool, with all the protections of the network associated with it.”.

B2B 104

B2B Accounts Payable Treasury Invoicing 104

PYMNTS

OCTOBER 2, 2019

The question for any number of treasury professionals is what lies ahead? Financial institutions and treasury operations would do well to get ready for it all, sooner rather than later. The move to instant payments will take time, Kohli said, as FIs and corporates will have to undo and reconfigure previous technology integrations.

Cash Management 63

Cash Management Reconciliations Treasury B2C 63

PYMNTS

AUGUST 25, 2016

24), provides an array of digital solutions for corporate treasurers, including internal transfers, reconciliation and invoice matching. Recent analysis by Deloitte pointed to inter-company transactions as a particularly challenging aspect of accounting and treasury management for corporates.

Treasury 40

Treasury Concentration Cash Management Reconciliations 40

PYMNTS

FEBRUARY 13, 2018

In its latest move, Visa announced a deal to acquire Fraedom , a longtime partner that provides expense management technology to FIs and direct to businesses. “Through APIs, you can then connect this app into treasury workstations, connect it into other forms of reporting.” “Speed is becoming more important. .

B2B 44

B2B Benchmarking Reconciliations Corporate Finance 44