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CheckAlt, Tru Treasury Partner To Help Credit Unions Accelerate Pay And Reconciliation

PYMNTS

CheckAlt , which provides lockbox and treasury management services, has struck a partnership with credit union service organization (CUSO) Tru Treasury to help credit unions attract new members and boost services, a press release says.

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A Day in the Life: Streamlining Treasury in Business Central

FISPAN

FISPAN helps streamline daily treasury processes, allowing you to directly manage your payables, view all bank account and transaction details, eliminate manual uploads, automate your reconciliation, and more, all from within Business Central. ERP Corporate Treasury Embedded Banking

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JP Morgan: Treasury Innovations Accelerate Digital Transformation

PYMNTS

Treasury departments need to modernize as they grapple with the pandemic — streamlining the way cash is handled, how strategic decisions about cash flow are crafted and how payments are made. The great digital shift has exposed some glaring inefficiencies in corporate back offices.

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Bank Of America Launches Business Treasury APIs

PYMNTS

Bank of America is rolling out three new application programming interfaces (APIs) as it supports the growing demand for up-to-the-moment data and processing in business treasury. In addition, customers can now obtain multiple pictures of checks that have been posted to their accounts to help with account reconciliation with the check image retrieval API. Banking APIs B2B B2B Payments Bank of America cross-border payments foreign exchange News treasury What's Hot In B2B

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B2B Payments Firm Modern Treasury Lands $38 Million

PYMNTS

Payment operations software company Modern Treasury raised $38 million through an Altimeter Capital-led Series B funding round, according to a Tuesday (Jan. However, Modern Treasury says it digitizes every phase of the workflow while its software supplants legacy infrastructure.

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Deluxe Treasury Management Adds Bill Payment To AR Offering

PYMNTS

Deluxe Corporation is augmenting its treasury management solution by integrating a bill presentment and payment processing function into its existing accounts receivable tool. Deluxe Treasury Management said in a press release on Tuesday (Oct. Deluxe automates payments and invoice matching for streamlined reconciliation. B2B Payments accounts receivable AR B2B bill payment Deluxe Treasury Management Digital Payments News reconciliation treasury management What's Hot In B2B

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Collaboration Spurs Treasury Management Innovation

PYMNTS

Patrick Moore , executive vice president and head of Capital One ‘s Treasury Management Product Management group, told PYMNTS that these collaborations offer the ability to integrate niche FinTech capabilities into Capital One’s broader range of services. ” B2B Payments B2B Blockchain Capital One cash flow management corporate banking corporate treasury Featured FinTech innovation Gem payments innovation treasury management ViewPost

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2022 Treasury Fraud & Controls Survey

Strategic Treasurer

Treasury Fraud & Controls. With your help, we’ve consistently found that fraud is a top ranking concern for treasury. This annual survey seeks to evaluate the current and projected impact of fraud on the finance and treasury environment. Survey Results.

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Adjoint CEO On Why Treasury Management Needs Blockchain

PYMNTS

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. Havell Rodrigues, CEO of Adjoint , a firm that offers blockchain solutions for treasury through smart contracts, noted in an interview with PYMNTS that the overall economy is moving toward a state of 24/7, always-on-demand functionality. Real-Time Window To Treasury Management.

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AP/AR Automation Takes On Paper Tiger For The Future Of Treasury

PYMNTS

For the new B2B Payments Innovation Readiness Playbook: Adapting to Cash Flow Challenges Posed by the Pandemic , a PYMNTS and American Express collaboration, researchers surveyed over 2,200 treasury executives from small to large businesses across several verticals.

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EACT SURVEY 2021

Simply Treasury

Every year, EACT launches a treasury survey to identify top priorities for Corporates. Treasury top priorities. The digitalization of the treasury function, itself part of the modernization of the finance function, was ranked second. Real-time treasury.

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Why Banks Need FinTech To Address Their Own Complicated Treasuries

PYMNTS

When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance. But, these heightened pressures haven’t necessarily meant FIs are engaging in a technological overhaul of their treasuries. “In

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How Transforming Treasury Banks Helps Corporates Transform, Too

PYMNTS

In a panel discussion with Karen Webster, six payments, banking and FinTech executives weighed in on the very nature of change that is transforming treasury banking and corporate clients in real time.

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Faster Payments Make Inroads In Corporate Treasury

PYMNTS

In its “ The road to real-time treasury ,” Deutsche Bank urges treasurers to get ready for a world of real-time transacting. Deutsche Bank noted that this can have multiple positive impacts on corporate treasury, including faster cross-currency payments, faster FX exposure management, and faster actions taken to address FX volatility. However, treasuries will inevitably, incrementally be forced to operate in real time.”.

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Treasury Management, Done Internationally

PYMNTS

In a recent announcement within the treasury management space, EDI Gateway, a service provider specializing in SMBs and focused on enterprise resource planning and B2B applications, linked up with AZUR , a cloud-based treasury management firm, to offer the latter’s eFinancialSuite to vendors. Firms in the space, she said, may not even have a treasury management system (TMS) in place that can help minimize risk and costs, increasing visibility across the supply chain.

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As Tech Transforms Treasury Management, Abandoning The Swivel Chair

PYMNTS

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. Talking about treasury, innovation and evolution, Garrett stated that “there has been far too much manual processing between the domains of payments processing, or accounts receivable, and the back-office systems used by organizations.”.

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Citi Virtualizes Accounts For Corporate Treasurers

PYMNTS

The solution is compatible with existing Citi accounts receivable solutions, including Citi Payer ID Accounts for automated reconciliation. “Citi’s investment in proprietary virtual account technology exemplifies our commitment to providing clients with simple, global and digital solutions,” said Manish Kohli, global head of payments and receivables for Citi Treasury and Trade Solutions , in a statement.

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Goldman Sachs Adds Global Payments To SAP Ariba

PYMNTS

In addition, the deal will allow better reconciliation of payments with the matching invoices. B2B Payments accounts payable Ariba Network B2B buyer supplier cross-border payments Goldman Sachs News reconciliation SAP supplier payments What's Hot In B2B

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Citi Expands Reach Of AR Solution Payer ID

PYMNTS

Citi’s Treasury and Trade Solutions is bringing its accounts receivable (AR) Payer ID solution to more markets around the globe. It aims to reduce Days Sales Outstanding and supports streamlined reconciliation. The FI added that AR and reconciliation can be especially challenging for companies that receive payments across borders. Payer ID assigns account numbers to each individual payer, enabling corporate treasury departments to match payment with payer.

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HighRadius Rolls Out Technology Suite For AR Automation

PYMNTS

The FinTech enterprise Software-as-a-Service (SaaS) company, which is focused on automating treasury management and order-to-cash processes, said the new technology reinforces its investment and plan to make AR automation an important driver for business expansion, according to an announcement.

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53: What Is RTP?

Strategic Treasurer

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. Session 52.

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What the Surge in Real-Time Collections Means for Treasurers

Bank of the West

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.

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Visa Enables Spend Tracking On Amazon Business

PYMNTS

That includes line-item details, Visa said, with that data able to integrate into reconciliation tools. spend less time on reconciliation of their purchases and allow more card management options — all with the existing value and cost savings that come with an Amazon Business account.”. We are pleased to join Visa and Amazon Business in offering a streamlined purchase and reconciliation process for our clients.”.

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Meeting Corporate Treasurers Where They Are To Get Them Where They Need To Be

PYMNTS

Morgan’s Head of Wholesale Payments Solutions Lia Cao, corporate treasury solutions must be digital, flexible and holistic. Many industries are going through transformation, and therefore, the treasury’s role is also going through a transformation,” said Cao. “We

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How Treasurers Can Prepare For A Real-Time Payments Ecosystem

PYMNTS

Real-time settlement negates the need for batch settlement, which has been the norm in corporate treasury departments and within financial institutions (FIs) for decades. Navigating the U.S.

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JPMorgan On Corporate Treasurers And Their ‘Digitization Journey’

PYMNTS

The digital transformation of corporate treasury is not a destination; it’s a journey. Against that backdrop, JPMorgan is already collaborating with multiple treasury management systems to create a “plug and play” banking experience inside its own offerings, he told Webster.

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Citi: Accelerated Digital Migration Provides Insights Into B2B Behavior

PYMNTS

It is the quality of data that instant payment brings in that is getting them to look at completely rearchitecting their processes,” Sinha said, highlighting the opportunity for finance leaders to automate key functions like reconciliation and AR.

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How Banks Can Tap Into The Benefits Of Integrated Receivables

PYMNTS

As it stands, there is significant manual effort occurring in treasury departments where workers are engaged in the cash reconciliation process — receiving the payment, depositing it at the bank, and then updating the customer’s account.

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ING Tool Helps Treasurers Keep A Virtual Eye On Global Cash

PYMNTS

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. Virtual bank accounts provide a streamlined way to manage treasury, the company added, through a single digital portal.

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Suppliers Faced With New Friction As More Invoices Get Paid Electronically

PYMNTS

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. This is a problem for any business, and Cawthorne said the challenge of reconciliation and matching ePayments to eInvoices can be found across verticals. According to Cawthorne, banks are really perking up to small businesses’ (SMBs) needs in treasury management.

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Treasurers, CFOs Raising Their Payments Expectations

PYMNTS

According to FIS SVP of Mid-Market Treasury, Payments and Messaging Jerome Albus, along with President of Treasury Software Solutions Andrew Bateman, the U.S. Treasurers are trying to understand how their systems can add more value beyond traditional segregation of duties, reconciliation and other fraud detection measures.” ” B2B Payments B2B corporate treasury Cybersecurity FIS payments security treasury management What's Hot In B2B

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Building resilience with intelligent automation of cash applications

Future CFO

This results in an increasing amount of unapplied cash and an increase in the amount of re-work required to complete the reconciliation. Artificial Intelligence Digital Transformation Treasury and Cash Management Blackline Intelligent automation PwC

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How Automation Helps Treasurers Weather The FX Volatility Storm

PYMNTS

Whether from accounts payable, accounts receivable, internal reconciliation, mergers and acquisitions or other financial processes that occur across borders, corporates often execute thousands-upon-thousands of micro-transactions per day, said Gelis, and often, they’re all hedged manually. B2B Payments B2B corporate treasury cross-border payments foreign exchange FX FX risk Kantox NewsThe continuing uncertainty over Brexit and geopolitical volatility in the U.K.

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In the dark about global cash? You’re not alone!

CFO Leadership

Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. Connect to your global banks to automate statement collection and reconciliation. He wanted to introduce us to treasury automation.

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In the dark about global cash? You’re not alone!

CFO News Room

Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. Connect to your global banks to automate statement collection and reconciliation. He wanted to introduce us to treasury automation.

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