PYMNTS

JANUARY 26, 2021

marked its third anniversary of adopting its open banking framework, making it the leading market to drive the concept of unlocking customers’ bank account data for integration with third-party solution providers. The partnership, which will see the bank adopting its B2B payments platform to finance trade of its corporate customers.

Banking 142

Banking Reconciliations Financial Data B2B 142

PYMNTS

DECEMBER 14, 2020

Amid market volatility, organizations are finding it imperative to accelerate their accounts receivables while extending accounts payables and still maintaining positive buyer-supplier relationships. Achieving real-time data analytics is a lofty goal for organizations without the proper tools. Many Moving Parts.

Accounts Payable 123

Accounts Payable Cash Flow Forecasting Invoicing Prioritization 123

PYMNTS

APRIL 16, 2019

In the broadest terms, APIs help speed the embrace of Open Banking, where banks’ data on accounts and transactions can be shared with third parties through the interfaces, with an eye on promoting the development of new apps and financial products. For B2B, it seems, the advent of the open API cannot come fast enough.

B2B 71

B2B Banking B2C Securities 71

PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. A spokesperson for the bank confirmed reports, noting that JPMorgan had already signed agreements that cover about 95 percent of data access requests.

Accounting 87

Accounting Banking Invoicing Sales 87

PYMNTS

FEBRUARY 10, 2020

Lingering issues of trust and a foggy regulatory climate continue to hold up B2B adoption of faster payments among financial institutions (FIs), but nothing can hold it back. The latest B2B API Tracker gives numerous examples of how this is playing out. FIs, SMBs, Fintechs Eying Each Other. A report by the U.K.’s

B2B 59

B2B Treasury Banking eCommerce 59

PYMNTS

MARCH 27, 2020

Their use for B2B payments, however, remains limited — but in the U.K., While open banking FinTech innovation has initially focused on opening up bank account data to third party platforms, there is another component to the initiative with major implications for the payments landscape. open banking may be able to change that.

B2B 60

B2B Banking Securities Accounting 60

PYMNTS

JANUARY 15, 2021

Accounts payable (AP) and accounts receivable (AR) personnel could no longer be in the office to handle paper, giving rise to the discussion of migrating away from physical invoices and other documents in favor of digital, automated solutions.

B2B 73

B2B Invoicing Accounts Payable Prioritization 73

PYMNTS

NOVEMBER 13, 2018

APIs offer third-party FinTech firms new opportunities to make use of valuable data stored within traditional bank accounts. In some instances, these systems deploy this data to create a solution that banks haven’t developed themselves, often due to restricted investments in small business product development.

Cash Flow Forecasting 73

Cash Flow Forecasting Accounting Banking Forecasting 73

PYMNTS

APRIL 1, 2020

In a recent conversation with Karen Webster, he discussed why big-box retailers that have struggled to compete in an eCommerce ecosystem found an unexpected leg-up as they stepped into the B2B business model. B2C Sellers’ B2B Incentive. “Now, more than ever, just relying on historic financial data is not helpful.

B2C 64

B2C B2B Marketing Education 64

PYMNTS

JANUARY 10, 2020

B2B technology startups continue to gain valuable attention among venture capitalists. In a recent report , seed investors explored why their focus has turned to enterprise startups as opposed to consumer-facing technology firms after the publication’s analysis revealed that today’s seed investments favor B2B startups over B2C.

B2B 52

B2B Startups B2C Management Consulting 52

PYMNTS

FEBRUARY 14, 2017

The business model of SaaSOptics could, in part, be described as a B2B SaaS firm for B2B SaaS firms. million in funding last year, helps SaaS companies manage operations by providing financial management, auditing and reporting, analytics and other back-office services. The company, which raised $1.8

Financial Data 53

Financial Data Forecasting B2B Auditing 53

PYMNTS

JANUARY 9, 2019

One way this shift has materialized is in how small businesses seek and hire financial professionals to join their companies. In a 2017 report from job hunting site Indeed , researchers found that “small business accountant” was nowhere to be found in the top-10 job positions sought after by most small business employers.

Accounting 71

Accounting Corporate Finance Accounting Firms Auditing 71

PYMNTS

FEBRUARY 10, 2017

It was another week of varied investments for B2B venture capitalists, who, in total, raised more than $79 million for the space. B2B payments, alternative SME finance, enterprise cybersecurity, data management and logistics all secured a financial boost — find out which startup scored the most in our breakdown below.

B2B 51

B2B Startups Securities Investments 51

PYMNTS

DECEMBER 14, 2018

B2B startups are increasingly building themselves on top of troves of enterprise data, uncovering new ways to unlock and aggregate information across enterprise platforms, and introducing new ways to analyze and make use of that data. million was raised by B2B startups tearing down data silos.

B2B 51

B2B Startups Treasury Financial Data 51

PYMNTS

JANUARY 16, 2020

Open banking and its promise of more elasticity in finance is enabled by application program interfaces (APIs) — lines of code that execute everything from simple peer-to-peer (P2P) transfers to industrial-sized B2B real-time payments.

B2B 53

B2B Finance Banking Cash Management 53

PYMNTS

MARCH 19, 2020

Automation in small business accounting can certainly be beneficial, but when a cloud-based accounting platform remains within the confines of its own interface, there can be unexpected friction that prevents business owners from gaining real-time financial insights. Elevating Functionality. Siloed Platforms.

Accounting 62

Accounting Invoicing Accounts Payable Financial Data 62

PYMNTS

MARCH 14, 2019

That data connectivity is a key component of the firms’ integration, with Cleo Integration Cloud allowing firms to streamline the flow of data from external systems and interactions, such as with suppliers, customers and partners.

Financial Data 56

Financial Data Invoicing Finance Sales 56

PYMNTS

FEBRUARY 2, 2018

Information technology (IT) management solutions provider Kaseya, which targets managed service providers (MSPs) with its offerings, is linking up with small and medium-sized business (SMB) accounting firm Xero to help businesses gain greater control over their financial data. The companies said Thursday (Feb.

Financial Data 46

Financial Data Invoicing Accounting Firms Leverage 46

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. He pointed to financial reporting as one example of this shift. The ERP’s Role in a FinTech World.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

MAY 3, 2020

Ben Errez, executive vice president and chairman for GreenBox, said approved GreenBox clients will now be able to “request funds from their account in the morning and see it land in their bank account that same day, hours later.”. And although the service isn’t universal for the U.S. million payments.

Accounting 69

Accounting Financial Data Finance Sales 69

PYMNTS

FEBRUARY 3, 2020

Increasingly, businesses are discussing the friction associated with B2B payments within their supply chains, and how strategic buyer-supplier relationships might be able to address it. The disruption stemming from the emergence of B2B payments data in elevating the product and supplier sourcing process has been significant.

B2B 56

B2B Technology Manufacturing Finance 56

PYMNTS

DECEMBER 19, 2019

FinTech and automation technology have cast a shadow of anxiety on the accounting industry in recent years, as certified public accountants (CPAs) began to wonder whether their jobs would be replaced entirely by robots. Because there is a big disconnect between the accounting industry and the small business owner.”

Accounting 53

Accounting Finance Accounting Firms Benchmarking 53

PYMNTS

JANUARY 5, 2017

Technology firm Ricoh is jumping into B2B payments with a new service aimed at digitizing accounts receivable processes. Electronic invoicing is considered key to improving B2B payments and processes. Digital invoices, the company added, enable real-time visibility into financial data and support mobilization of the enterprise.

Invoicing 40

Invoicing B2B Accounts Payable Reconciliations 40

PYMNTS

JUNE 15, 2020

Digital accounting platform Receipt Bank has acquired analytics firm Xavier to help boost services for accountants and bookkeepers, according to a press release. The press release touts the move as one that can help companies streamline their accounting services. By using this technology, bookkeepers can save money and time.

Accounting 56

Accounting Banking Financial Data Planning 56

PYMNTS

MARCH 10, 2017

Big Data and software as a service (SaaS) once again caught the attention of venture capitalists in the B2B FinTech space this week, but it was cross-border B2B payments that landed the most money. Cross-Border Payments. according to reports.

B2B 51

B2B Startups Manufacturing Transportation 51

PYMNTS

JUNE 26, 2020

This challenge exists for professionals across the back office, but in business accounting, the lack of data integration and accuracy mean finance experts are spending valuable time correcting information and moving numbers from one platform to another. All of these things require reliable data in real time.”

Accounting 52

Accounting Cash Flow Forecasting Invoicing Prioritization 52

PYMNTS

OCTOBER 26, 2018

raised venture capital for their SMB-facing tools, including global payments, accounting and banking. company’s cloud-based offering aims to help small businesses make more agile decisions, while also linking its tools to small business accountants, not only to analyze historical financial data, but to help SMBs to look ahead.

Foreign Exchange 77

Foreign Exchange B2B Invoicing Startups 77

PYMNTS

MAY 6, 2016

Earlier in the week, we reported on the bust that is B2B venture capital this week. There hadn’t been any investments in B2B finance and payments startups in the first half of the week, a void that casts doubt on those earlier reports of investors cozying up to startups targeting businesses, not consumers. Accounting.

B2B 41

B2B Investments Startups Financial Data 41

PYMNTS

MAY 24, 2018

ACH, wire, virtual and physical cards, and other rails all come into the mix, particularly as each vie for a chance to take B2B payment market share away from paper. ” B2B sellers expanding into China, for example, have to support payments made via Alipay and WeChat, Levy explained. Paper checks may be the No.1

B2B 45

B2B B2C eCommerce Accounts Payable 45

PYMNTS

JULY 29, 2019

The complexities of business transactions not only mean various financial functions, from accounts payable to payroll, are stuck in their own silos — it can often mean more silos within those disparate systems. Most enterprises … have many disparate systems, ranging from accounting to payroll to banking to taxes, etc.,”

Accounts Payable 73

Accounts Payable B2B Invoicing Accounting 73

PYMNTS

NOVEMBER 27, 2019

For small- to medium-sized businesses (SMBs) in particular, the growing population of back-office enterprise apps, forcing users to toggle between platforms and manually move data from one portal to another, is among the most popular scenarios in which data integrations can support more efficient operations.

Banking 90

Banking Accounting B2B Finance 90

PYMNTS

SEPTEMBER 11, 2019

The companies said that the offerings are scalable, and offer each customer their own dedicated HSM services, segregating financial and financial data. Separately, B2B payments and international money transfer firm B2B Pay said this past week that it plans to become a regulated financial institution.

Banking 71

Banking B2B Accounting Financial Data 71

PYMNTS

JANUARY 20, 2021

Xero , a global small business cloud accounting platform, is working with South Africa’s Nedbank to give small- to medium-size business (SMB) clients a digital, application programming interface (API)-enabled bank feed to access financial data, according to an ITWeb report.

Banking 67

Banking B2B Invoicing Accounting 67

PYMNTS

DECEMBER 1, 2020

We discover a basic truth upon reading PYMNTS November 2020 CFO’s Guide To Digitizing B2B Payments done in collaboration with Comdata : many treasury operations need digital triage. Companies shifting to digital payment methods are overcoming many of the challenges that have historically plagued business-to-business (B2B) transactions.

Treasury 64

Treasury Accounts Payable B2B Invoicing 64

PYMNTS

SEPTEMBER 9, 2019

Accountants and bookkeepers have a new reality with their small business clients: machines can do number-crunching and calculations, and these professionals are now forced to examine how to elevate their role with SMBs to continue to provide value. The Artificial Intelligence ‘Hype’.

Accounting 57

Accounting Technology Financial Data Numbers 57

PYMNTS

APRIL 7, 2020

Few are investing energy in building taller silos for their data, bumpier and more friction-filled experiences for their customers, or slower and more opaque payments processes. And this is particularly notable in B2B payments, VoPay’s area of specialty.

Leverage 83

Leverage Banking B2B B2C 83

PYMNTS

JULY 5, 2017

For a chief financial officer (CFO), having technology — from ERP systems to cloud accounting and cash forecasting tools — has become paramount when deploying a successful growth strategy. But Born said the human element is the key that’s often missing in these innovations to corporate financial reporting.

Financial Data 52

Financial Data Financial Reporting Auditing CFO 52