PYMNTS

SEPTEMBER 26, 2018

The solution is compatible with existing Citi accounts receivable solutions, including Citi Payer ID Accounts for automated reconciliation. “API-based integration is one of the biggest topics across the industry,” said Naveed Sultan, the bank’s global head of Treasury and Trade Solutions, in a statement at the time. .

Accounting 75

Accounting Reconciliations Treasury Currencies 75

PYMNTS

JANUARY 19, 2021

Volante Technologies , which works in cloud payments and financial messaging, is working with Citi to expedite Citi’s adoption of the ISO 20022 financial messaging standard, according to a press release. Citi is set to be the first Volante customer to offer a unified approach to that migration around the world, the release stated.

Reconciliations 60

Reconciliations Treasury Technology Banking 60

PYMNTS

SEPTEMBER 27, 2020

HighRadius , a FinTech working in automation for order-to-cash and treasury management, has announced an expanded strategic relationship with Commerce Bank , according to a press release. HighRadius also offers services for cash reconciliation, eInvoicing and collections to help those in underserved markets.

Banking 89

Banking Treasury Reconciliations Invoicing 89

Bank of the West

NOVEMBER 22, 2021

Here’s what finance executives need to know about R2P and its potential benefits for treasury management. What R2P Means for Treasury Operations. They signal a broader move toward real-time processing and real-time treasury, and those trends are only accelerating. What is Request to Pay?

Treasury 98

Treasury Reconciliations Banking B2B 98

PYMNTS

JANUARY 31, 2018

That’s a metaphor, of sorts, and a caution for treasury management professionals as they navigate their swivel chairs, swiveling between spreadsheets on their desks, computer screens on desktops and even apps on their phones and tablets. The technology and legacy systems that are in place at those banks may no longer be sufficient.

Treasury 46

Treasury CFO Reconciliations Banking 46

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

FEBRUARY 1, 2021

Reconciliation Challenges. Slow reconciliation processes can result in extra costs and headaches, for example, by tying up staff schedules with tasks that could be managed by automation instead, Hagan said. As we move toward better and more tools … that process can be automated using newer technologies.” .

Accounts Payable 93

Accounts Payable Reconciliations Invoicing 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. Eyeing Efficiency .

Reconciliations 98

Reconciliations B2B Treasury Banking 98

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

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

FEBRUARY 11, 2020

“This capability introduces a new level of efficiency and control in managing a business’s receivables and cash flow,” said Lisa Lansdowne-Higgins, vice president of Business Deposits & Treasury Solutions at RBC. We’ve digitized the manual reconciliation process and eliminated the need for expensive, paper-based [checks].

Banking 57

Banking Reconciliations Treasury Leverage 57

PYMNTS

DECEMBER 28, 2020

But careful examination of what tech is needed — and where — can result in positive ripple effects that improve operations well beyond the corporate treasury department. Banks have been creating their own IT scripts and technology stacks for decades. Cost is only one consideration. Sassone pointed to the fact that half of all U.S.

B2B 86

B2B Accounts Payable Treasury Reconciliations 86

PYMNTS

NOVEMBER 11, 2020

PYMNTS' new Back-Office Optimization Playbook done in collaboration with Coupa and TransferMate brings together the latest news and developments in back-office optimization technology and practice, and makes a valuable resource for accounting pros. Capital Management Leans Into Digital. Give that a 63 percent of U.K.

Accounts Payable 87

Accounts Payable Invoicing Treasury Reconciliations 87

PYMNTS

JANUARY 13, 2021

But with advanced technologies in place, the guesswork — and constant touchpoints — can be significantly reduced, where expectations are calibrated on a per-customer basis. Within the B2B space, especially, technology can improve payments processes that are time-consuming and error-prone.

Accounting 94

Accounting Invoicing B2B Treasury 94

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

NOVEMBER 7, 2018

FIS , a global leader in financial services technology, announced that it has connected LVMH Group to the SWIFT Global Payments Innovation (gpi). LVMH’s volume of cross border payments presented unique challenges for the company, and we are pleased to provide the tools needed to leverage these emerging opportunities.”.

Treasury 58

Treasury Reconciliations Leverage eCommerce 58

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. This combination of facilitating payment and data connectivity was the motivation behind Transcard's launch of automated account-to-account (A2A) transactions. Deepening Data Ties.

B2B 116

B2B Invoicing Reconciliations Treasury 116

The Finance Weekly

JANUARY 22, 2024

Certified Treasury Professional (CTP) This certification highlights expertise in treasury management, showcasing proficiency in cash processing, reconciliation, and financial statement analysis. It builds a strong foundation by integrating theory, industry practices, and professional standards.

CFO 52

CFO Education Communication Leadership 52

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. More than 40 percent are interested in same-day ACH, and over 30 percent are interested in blockchain technology.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61

PYMNTS

OCTOBER 20, 2019

Mastercard Bill Pay Exchange also benefits billers by reducing the cost of mailing paper bills and processing checks, providing streamlined reconciliation and lowering customer support costs. These merchants will also have the option to accept cards, real-time payments, or traditional bank account payments as they do on their own websites.

Reconciliations 45

Reconciliations Treasury Communication Banking 45

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. Reconciliation should be an intuitive process, she added. This is the No.

Banking 88

Banking Invoicing Reconciliations Treasury 88

PYMNTS

NOVEMBER 20, 2018

Innovators large and small are addressing some of the many friction points of paying suppliers with a commercial card, from a lack of vendor acceptance to inefficient reconciliation to cybersecurity risks. According to PNC Treasury Management Executive Vice President and Head of Product Management J.

Reconciliations 47

Reconciliations B2B Treasury Securities 47

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. Localizing Advisory Services. .

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

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 75

SAP B2B Leverage Analyzing Data 75

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

PYMNTS

JULY 16, 2019

The embrace of the cloud has opened up the opportunity for procurement, travel and expense management, treasury management and other corporate financial platforms to integrate and embed the payments function directly within that solution. That’s because of all of the other silos that remain.

B2B 60

B2B Accounts Payable Treasury Reconciliations 60

PYMNTS

OCTOBER 21, 2019

“PNC has been at the forefront of real-time payments, and we are pleased to be able to extend request-for-payment capabilities across the real-time payment rails,” Chris Ward, executive vice president and head of product & operations for PNC Treasury Management, said in a press release.

Reconciliations 44

Reconciliations Treasury Leverage Banking 44

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

JANUARY 14, 2020

The report is based on a survey of more than 500 financial executives at firms from numerous sectors, including professional services, construction, retail and technology. percent), improved reconciliation with enhanced data (76.7 businesses’ evolving awareness, interest and potential adoption of the system. percent in 2018.

Accounts Payable 53

Accounts Payable Reconciliations Construction Treasury 53

PYMNTS

DECEMBER 12, 2019

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. Citi recently made 50 APIs available to business clients, designed to connect easily with treasury software.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

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

Future CFO

AUGUST 19, 2021

The institutions said they surveyed 277 respondents comprising mainly C-suite executives and some finance professionals, adding that they also had in-depth interviews with CFOs, consultants and technology experts. Intelligent automation is least used in risk management (24%), tax (20%), and treasury (14%). Efficiency.

Accounts Payable 40

Accounts Payable Treasury Risk Management Finance 40

PYMNTS

AUGUST 5, 2016

The market is on the cusp of a groundswell of adoption of these technologies, says Therese Tucker, CEO of accounting solutions firm BlackLine , after a long lull among mid-market firms. “Across the board, in the past, accounting has been very underserved by technologies because they’re the last to get budget,” she explained.

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

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. Processing corporate payments as peer-to-peer, directly on blockchains, gives for instant settlement and, therefore, real-time reconciliation and accounting,” the company said.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

NOVEMBER 8, 2017

Emerging technologies like blockchain and distributed ledger-based APIs could be at the center of making that collaboration easier. In a recent interview with PYMNTS, Behlendorf explained why he believes technologies like blockchain and distributed ledger can make B2B payments run more smoothly for businesses of all kinds.

B2B 86

B2B Manufacturing Reconciliations Healthcare 86

PYMNTS

JUNE 20, 2017

“Increased security, convenience and ease of reconciliation are critical to administrators who oversee commercial card programs,” said PNC Bank Executive Vice President and Head of Treasury Management Christopher Ward in a statement. “Companies also are focused on the changing demographics of the U.S. labor force. .

Banking 44

Banking Reconciliations Treasury Securities 44