PYMNTS

OCTOBER 9, 2019

WEX added that it will also be able to settle UAE dirhams without charging foreign exchange fees. In partnership with Mastercard, we have been working to strengthen our offering across Europe, the Middle East and Africa (EMEA),” sad WEX, EMEA and APAC Vice President Anant Patel in the release.

Accounts Payable 68

Accounts Payable Foreign Exchange B2B Accounting 68

PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. Plus, blockchain projects move closer to launch in the U.S. and abroad.

B2B 56

B2B Foreign Exchange Currencies Accounts Payable 56

PYMNTS

DECEMBER 27, 2019

China is in the midst of planning the development of its blockchain cross-border pilot platform, according to Lu Lei, the deputy head of the State Administration of Foreign Exchange (SAFE). Digital payment innovations such as RTP have given businesses more options to improve slow accounts payable (AP) processes.

Sales 52

Sales Retail Accounts Payable Foreign Exchange 52

PYMNTS

DECEMBER 11, 2019

Yet, as innovators have chip away at friction points, they have recognized the value of incorporating a supplier’s accounts receivable (AR) experience into their solutions. That’s because AR and accounts payable (AP) processes are intrinsically connected. A New Approach To Global Payments.

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

AUGUST 13, 2019

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. Last month, reports in the Financial Times made clear that businesses will increasingly be faced with decisions they must make about how to manage foreign exchange volatility. Reports Monday (Aug.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

DECEMBER 17, 2019

For AccountsIQ, the latest embrace of open banking comes in the form of a collaboration with TransferMate , which has now integrated cross-border payments capabilities directly within AccountsIQ’s accounts payable portal. “In the middle market, businesses are becoming more international,” he said.

Marketing 52

Marketing Accounts Payable Foreign Exchange Invoicing 52

PYMNTS

JUNE 11, 2020

To help middle-market firms automate each of their accounts payable (AP) procedures on one platform, MineralTree has unveiled “end-to-end” multi-currency functions. Foreign exchange (FX) rates are set into place at the time the payments are set into motion, and MineralTree said users save on wire fees compared to historical methods.

Foreign Exchange 52

Foreign Exchange Accounts Payable Invoicing Currencies 52

PYMNTS

JANUARY 28, 2021

As you progress, and digital assets start to integrate into finance, then you start to see companies looking to hedge [foreign exchange (FX)] exposure, or looking to reduce an emerging market currency volatility, by holding digital assets.”. “You’re starting to see the green shoots here,” said Sully. “As

Treasury 84

Treasury Foreign Exchange Accounts Payable Currencies 84

PYMNTS

OCTOBER 22, 2020

Companies are therefore reconsidering their accounts payable (AP) and accounts receivable (AR) strategies, including everything from how they place orders to how they pay for them. Vendors that want to reach business clients overseas must have the right strategies and tools in place to tackle various concerns.

Invoicing 63

Invoicing B2B Foreign Exchange Accounts Payable 63

PYMNTS

MAY 5, 2016

CSI will lend its digital accounts payable solutions, while Cambridge will add in its payments technology, generating a Web portal to issue and settle cross-border payments. The service providers negotiate foreign exchange rates with other cross-border payment service providers, reports added.

Foreign Exchange 40

Foreign Exchange Accounts Payable B2B Invoicing 40

PYMNTS

MARCH 19, 2020

FinTechs and banks continue to develop new solutions to address many of the biggest pain points of global business payments, from speed to foreign exchange. While the global card solution can find a comfortable use case in corporate travel, using a supplier payment method in accounts payable (AP) remains a challenge for cards.

B2B 95

B2B Foreign Exchange Accounts Payable Currencies 95

PYMNTS

JANUARY 13, 2017

12) that the application process for its incubator is now open, with CSI Kick Start looking for companies innovating in the areas of virtual cards, ACH, foreign exchange and other B2B payments issues, like fraud and digitization. The company said Thursday (Jan.

B2B 49

B2B Foreign Exchange Accounts Payable Startups 49

PYMNTS

SEPTEMBER 4, 2018

One of the areas ready for real-time disruption is foreign exchange (FX) management, which is “the road to real-time treasury,” according to the report. In a new report released from Deutsche Bank’s Global Transaction Banking unit, analysts noted that faster payments are shifting treasurers to embrace real-time processes.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

Simply Treasury

SEPTEMBER 9, 2020

By working on accounts receivable, accounts payable and stock, you can improve the reliability of cash flow forecasts. The consolidation scope must be as consistent as possible over the various budgeting, forecasting, and accounting periods, to provide consistency and comparability.

Cash Flow Forecasting 130

Cash Flow Forecasting Forecasting Treasury Budgeting 130

PYMNTS

DECEMBER 21, 2020

CardUp’s business model is charging the card for payment and delivering funds to the end supplier’s bank account through bank transfer. The supplier does not need to sign up to CardUp or have a CardUp account to receive the money, so there is no disruption to their operational processes.

B2B 70

B2B Foreign Exchange Accounts Payable Invoicing 70

PYMNTS

FEBRUARY 7, 2019

Clarke also noted that the company’s partnership with AvidXchange to launch its automated accounts payable (AP) solution ASAP is on path to become “a big, big deal” for the company. FLEETCOR expects to book between 9 percent and 11 percent organic revenue growth for 2019. ”

Mergers and Acquisitions (M&A) 46

Mergers and Acquisitions (M&A) Foreign Exchange Accounts Payable Construction 46

PYMNTS

FEBRUARY 5, 2020

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. When every invoice is fully accounted for within a firm, he explained, financial professionals gain insight into the real sources of revenue — as measured against costs.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

APRIL 21, 2016

A cross-border payments company and an accounts payable solutions provider have joined forces, meshing their tools together to ease friction in global B2B payments. Beanworks will integrate its payments processes into Cambridge’s global tools, which include real-time foreign exchange rate monitoring.

Accounts Payable 40

Accounts Payable Foreign Exchange B2B Invoicing 40

PYMNTS

AUGUST 19, 2016

Inter-company accounting , says Deloitte, is suffering from a lack of transparency and accuracy, and Tom Toppen from Deloitte’s inter-company accounting team informed PYMNTS how the negative implications of this go beyond a troublesome audit. The Root Of The Problem. Where The Problem Grows. ” How To Fix It. .

Foreign Exchange 40

Foreign Exchange Auditing Treasury Accounts Payable 40

PYMNTS

MARCH 16, 2020

Risk will be less of an issue because of the increase in transparency and tighter control on foreign exchange payments, along with the currency exposures for those with stake in procurement and treasury.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

NOVEMBER 22, 2019

Innovation in accounts payable (AP) is now largely being driven not only by challenges in the way businesses make payments, but also by friction in the way their vendors and business partners receive them. These companies operate with anywhere from 1,000 to 30,000 carriers, Forman explained.

B2B 43

B2B Invoicing Accounts Payable Foreign Exchange 43

PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department.

B2B 65

B2B Foreign Exchange Accounts Payable Reconciliations 65

PYMNTS

NOVEMBER 22, 2019

With a focus on integration with payment and accounting platforms, the startup said it will also continue to connect with a broader array of data sources to bolster small to medium-sized business (SMB) loan underwriting for its partners, which include banks and other lenders. The Access Group , a U.K.-based According to BusinessLeader.co.uk

Mergers and Acquisitions (M&A) 43

Mergers and Acquisitions (M&A) B2B Foreign Exchange Startups 43

PYMNTS

SEPTEMBER 4, 2018

Apart from supplier payments, the shift could have significant impacts on foreign exchange conversions for faster hedging, real-time investments, faster risk-mitigation capabilities and real-time visibility into more accurate cash positions. “As

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

OCTOBER 23, 2019

Bank of America similarly debuted an Accounts Payable Optimization tool that enables AP professionals to automatically choose which payment method is most appropriate for their vendors based on factors like supplier acceptance and preference. Start From Scratch.

B2B 40

B2B Accounts Payable Foreign Exchange Treasury 40

PYMNTS

DECEMBER 24, 2020

These O2C challenges are only compounded for businesses that conduct cross-border B2B payments, as these firms must manage shifting foreign exchange (FX) rates, varying international regulations and other variables to ensure that orders, invoices and payments are accurate.

B2B 79

B2B Foreign Exchange Invoicing Manufacturing 79

PYMNTS

DECEMBER 20, 2017

Invoice Automation Solutions adds to the services already offered by Global Exchange, which include cross-border payment services, foreign exchange (FX) risk management and the integration of these services into existing accounting and enterprise resource planning (ERP) systems. “We

Invoicing 46

Invoicing Foreign Exchange Risk Management Accounting 46

PYMNTS

OCTOBER 22, 2019

The cross-border business payments market is significant, as Medici research finds that international accounts payable (AP) by small- and medium-sized businesses (SMBs) currently hold approximately $7 trillion, and marketplace payouts amount to about $8 trillion. International B2B Payments Pains. Mexico transactions in 2018.

B2B 41

B2B Foreign Exchange Accounts Payable Banking 41

PYMNTS

DECEMBER 15, 2017

On a good day, managing the ebb and flow of supply chains, accounts receivable and accounts payable can be challenging; on a bad day, juggling all those spinning plates becomes a nightmare.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

PYMNTS

APRIL 18, 2016

“From a cost standpoint, there is significantly more friction doing business cross-border than there is domestically,” he stated, “from the coordination between buyer and seller, accounts payable and accounts receivable processes and being able to coordinate information flow with money flow.”. Payments And Data Become One.

Foreign Exchange 40

Foreign Exchange Invoicing B2B Currencies 40

PYMNTS

MARCH 1, 2016

Meanwhile, AvidXchange, which provides accounts payable and automation solutions for corporations, also landed among the elite with a $225 million funding round led by Bain Capital in September. Affirm, for instance, secured $275 million last May and, soon after, announced plans to link businesses operating over Shopify with financing.

B2B 40

B2B Foreign Exchange Accounts Payable Startups 40

PYMNTS

JULY 18, 2016

The firm added that it enables businesses to unify their accounts payable, accounts receivable, invoice processing and other B2B finance processes. .” The WU EDGE platform enables international payments and provides a portal through which SMEs can connect with each other.

Accounts Payable 40

Accounts Payable Currencies B2B Invoicing 40

PYMNTS

MAY 1, 2018

Globalization of companies’ supplier base was also a factor in the complexities of their B2B payments processes, analysts noted, with most respondents reporting that foreign exchange payments were involved in up to a fifth of their monthly B2B payments. Companies spent a combined $68.8

B2B 47

B2B Invoicing Foreign Exchange Pharmaceutical 47

PYMNTS

NOVEMBER 16, 2018

RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. Automation Anywhere. Existing backers, such as Xavier Niel, also participated in the funding.

Accounts Payable 77

Accounts Payable Currencies Foreign Exchange Startups 77

Global Finance

OCTOBER 31, 2024

SMEs account for 16% of the bank’s business, or approximately $1.5 Additional advancements include the integration of biometric signatures in branches and a time-saver for account openings. —LS The bank is also the first in Moldova to offer consulting services to its customers in accounting, business, and human resources.

Banking 52

Banking Finance Construction Foreign Exchange 52

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. Open Banking.

B2B 62

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

PYMNTS

JULY 26, 2016

For many organizations, errors across the accounts payable and accounts receivable processes can range from mismatched data between invoice and purchase order to misstated prices, often attributed to manual data entry. Invoice mistakes are costly. Other times, misinvoicing is the work of cybercriminals against individual firms.

Foreign Exchange 44

Foreign Exchange Invoicing Accounts Payable Accounting 44