PYMNTS

OCTOBER 14, 2020

The financial entity has rolled out a push-to-debit feature for its treasury customers with the assistance of a third-party technology partner, according to recent announcements. Using digital push payments can also help add security to B2B transactions, thanks to the cybersecurity measures that can be grafted into these processes.

Treasury 103

Treasury Banking B2B Invoicing 103

PYMNTS

NOVEMBER 10, 2020

They can confront problems ranging from incorrect invoices and inadequate cash reserves to late payments from customers or to vendors — all of which require time and money to solve. This affects companies’ creditworthiness, which is crucial to helping them secure loans. Factors Affecting Working Capital Needs.

Accounts Payable 87

Accounts Payable Invoicing Treasury Sales 87

PYMNTS

JANUARY 14, 2021

Today in B2B payments, Citi announces its news Treasury and Trade Solutions (TTS) head, while Rho lands new funding and adds accounts payable to its business banking technology. Plus, Medius collaborates on invoice management, TravelPerk acquires NexTravel, and Sweep lands funding for T&E tools. 13) announcement.

B2B 56

B2B Accounts Payable Banking Invoicing 56

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

MAY 20, 2020

IntegriDATA Treasury Property Manager Ted Haslam said the Workday program has become popular with clients and the company is “excited to offer them secure straight-through payment processing,” according to a press release.

Invoicing 58

Invoicing Treasury B2B Securities 58

PYMNTS

AUGUST 7, 2020

The scenario of frazzled buyers negotiating extended payment terms — in many cases having to choose who gets paid and who doesn’t — has made the whole “invoice to check to envelope to swirling vortex of the unknown” thing absurd. Configurable And Secure For Remote Treasury. Who has the time for this anymore?

Accounting 72

Accounting B2B Accounts Payable Treasury 72

PYMNTS

MARCH 3, 2020

Clients of the bank will now have the ability to make secure, real-time payments with clear tracking of transactions from beginning to end, according to an announcement. The technology allows the bank to tap into Ripple ’s cross-border network and improve its user experience. PNC was reportedly the first U.S.

Banking 100

Banking Treasury Invoicing Leverage 100

PYMNTS

JULY 7, 2020

The companies noted that Oxbury, which secured its full banking license in early-2020 with plans for a full launch later this year, will focus its services on the agricultural food chain with lending and payments services. Oxbury will gain access to ClearBank’s clearing and payments capabilities, enabling the bank to gain access to U.K.

Banking 96

Banking Accounts Payable Treasury Finance 96

PYMNTS

SEPTEMBER 29, 2017

In total, backers placed $273 million across companies operating in alternative finance, treasury management, software-as-a-service (SaaS) and B2B sales tech. Based in Hong Kong, Qupital provides an invoice financing solution that recently caught the attention of Alibaba. Treasury Management. trillion market.

Startups 46

Startups Securities B2B Treasury 46

PYMNTS

FEBRUARY 6, 2020

Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods. “Our collaboration with Finrails AP gives business owners more choice, flexibility and security when it comes to making payments.”

Banking 67

Banking Accounts Payable B2B Invoicing 67

PYMNTS

JANUARY 26, 2021

To further enhance the RfP, TCH is also piloting a secure document repository for bills and invoices. Treasury] certainly understands and wants to be progressive in terms of their thinking, while at the same time acknowledging that modernizing [their systems] is hard,” he said. The EIP Rollout.

Treasury 109

Treasury Economics Accounting Invoicing 109

PYMNTS

JANUARY 15, 2021

Malaysia's microLEAP has secured $3.3 The company offers automated accounting solutions, accounts receivable solutions like payment reminders and invoice generation, expense management and other tools for small and medium-sized businesses (SMBs) to manage finances. Modern Treasury.

B2B 67

B2B Finance Treasury B2C 67

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. Virtual accounts are dynamic, he explained, set for a specific invoice amount for a specific merchant and restricted by date, with no plastic involved.

B2B 93

B2B Invoicing Reconciliations Treasury 93

PYMNTS

NOVEMBER 8, 2018

These items include data gathering, due diligence, onboarding, commercial and contractual processes, data protection and security considerations. “We need to make it as easy as possible for newcomers to collaborate with the bigger players. “There is a lot of guidance that can really help young [FinTech firms].

Banking 76

Banking Retail Startups Treasury 76

PYMNTS

NOVEMBER 21, 2016

The use of the tokens can boost security and immutable transaction tracking across borders and corporate payments. As Meredith noted, blockchain can be seen as “an interconnected system” that can help alleviate some of the complexity of the treasury and trade (in a B2B focus) functions of a firm.

B2B 71

B2B Invoicing Treasury Securities 71

Reval

JUNE 13, 2017

Hong Kong – 14 June 2017 – Kerry Logistics, a leading logistics provider based in Hong Kong, was awarded Best Liquidity Management Strategy for 2016, using Reval, the leading global software-as-a-service solution for treasury and risk management.

Foreign Exchange 52

Foreign Exchange Treasury Cash Management Risk Management 52

Future CFO

DECEMBER 6, 2021

Then typically, you have to go back to the corporate treasury for more liquidity. In the past 18 months with the onset of the COVID 19 pandemic, International SOS, which delivers health and security services has been automating its cash collection process. If there's a dispute on certain invoices, clearly, they are not collectable.

Invoicing 52

Invoicing Cash Management Treasury Finance 52

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

PYMNTS

OCTOBER 31, 2019

One of their biggest benefits for users is not only its ability to offer a secure location in which to receive paper checks; the lockbox is also critical to receiving documentation about a transaction. It enables payment information to travel with the payment so that the payment can be properly applied to the appropriate invoice,” he said. “In

Reconciliations 43

Reconciliations Invoicing B2B Treasury 43

PYMNTS

JUNE 27, 2019

Corporate clients can upload their unpaid invoices through the platform, which banks can assess to finance the bills that meet their particular risk exposure thresholds. By opening its platform, it’s easing access for financial institutions (FIs), and connecting them to the firm’s transaction management solutions.

Finance 43

Finance Banking Invoicing Treasury 43

PYMNTS

JANUARY 8, 2021

For example, that might mean having a process in place so that funds are appropriately applied or available when money comes in during off-hours or on the weekend, she said, and really thinking through the process from an accounting, liquidity and treasury management perspective. Limits And Fees.

Cash Flow Forecasting 139

Cash Flow Forecasting Banking Education Reconciliations 139

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 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

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. Turning AP Challenges Into Revenue Opportunities.

Accounts Payable 62

Accounts Payable Accounting Invoicing Securities 62

PYMNTS

SEPTEMBER 25, 2020

Department of Treasury indicate that many of the biggest global banks moved money for a number of people and enterprises participating in criminal financial activity. PYMNTS explores the challenges that financial institutions (FIs) encounter in keeping compliant and how digital security strategies can assist.

Accounts Payable 61

Accounts Payable Treasury Construction Accounting 61

PYMNTS

AUGUST 12, 2019

Department of the Treasury, has estimated in recent weeks that fraudsters have tried to scam as much as $9 billion through business e-mail compromise attempts since 2016. The news comes as the Financial Crimes Enforcement Network (FinCEN), part of the U.S.

Auditing 59

Auditing Invoicing Accounts Payable Treasury 59

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. to China within only a few hours in order to secure a PPE shipment for healthcare providers.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

NOVEMBER 4, 2019

Invoice and purchase order manipulation, company credit card abuse and fraudulent use of company checks all surface as cautionary tales for corporates’ internal financial processes. consumers in the first half of 2019 , according to new analysis from Parliament’s Treasury Select Committee. 777 million was stolen from U.K.

Accounts Payable 40

Accounts Payable Invoicing Healthcare Treasury 40

PYMNTS

NOVEMBER 19, 2020

One of the most challenging components surrounds security, Hansson explained, pointing to the need to actually verify that not only is a potential buyer safe to do business with, but that the representative for that buyer is authorized to make a purchase. Credit checks are also instrumental to making a sale.

B2B 105

B2B eCommerce B2C Prioritization 105

PYMNTS

SEPTEMBER 30, 2016

And that goes for the industries covered, too, with treasury management’s Kyriba, blockchain’s BlockApps and enterprise security’s Druva landing on the board, to name a few. Find out who else secured funding below. Enterprise Security. Treasury Management. Expense Management.

B2B 70

B2B Treasury Startups Cash Management 70

PYMNTS

JUNE 28, 2017

Fraud is a fact of life these days – an “unfortunate” one if you ask Bob Stark, vice president of strategy for the cloud treasury solution provider Kyriba. Payments are initiated within a company by a variety of groups and systems, from smaller, regular enterprise resource planning (ERP)-paid invoices to larger transfers by the treasury.

Treasury 42

Treasury Invoicing Securities CFO 42

PYMNTS

APRIL 2, 2019

BBP enables only payment of bills from participating businesses, meaning certain invoices cannot be reconciled. . Few clients give out email addresses and phone numbers, too, which creates a tokenization barrier and prevents them from transacting more securely. This also aids the treasury teams tasked with tracking payments.

Treasury 49

Treasury Reconciliations B2B Invoicing 49

PYMNTS

JANUARY 26, 2017

The solution is called Finlync SAP-DL Integrator , and the idea, said Finlync in an interview with PYMNTS, is that the ERP system is the central home to critical data like purchase orders and invoices, business partner payment information and the like. Faster processes, less complexity, heightened security — it seems like a no-brainer.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

FEBRUARY 24, 2020

73 percent of corporates say fraud threats rose last year , according to Bottomline Technologies’ latest Treasury Fraud & Corporate Controls survey report. More than half of surveyed treasurers also said they had been hit by attempted cyber fraud in the last 12 months.

Construction 65

Construction B2B Accounts Payable Invoicing 65

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.

Accounts Payable 40

Accounts Payable Accounting Invoicing Finance 40

PYMNTS

APRIL 1, 2019

We want to extend our leadership beyond the B2B payment space by developing capabilities to enable institutions to collect from consumers in a globally consistent and seamless fashion,” said Naveed Sultan, global head of Citi’s treasury and trade solutions, in a prepared statement. Square Embraces Invoicing.

Invoicing 40

Invoicing Treasury Leadership B2B 40

PYMNTS

MAY 1, 2020

So are paper invoices that precede them. In point of fact, most businesses of any size have a hybrid treasury-accounting back office where digital tools and paper instruments coexist. For all of the happy life moments in which they appear, paper checks are unloved.

B2B 52

B2B Accounts Payable Accounting Treasury 52