PYMNTS

DECEMBER 30, 2020

Accounts payable (AP) departments were no longer in the office to cut paper checks, and accounts receivable (AR) personnel were no longer in the office to receive them. That's especially true, he told PYMNTS , when it comes to capturing data from purchase orders and invoices to accelerate document processing and reconciliation.

B2B 119

B2B Accounts Payable Invoicing B2C 119

PYMNTS

NOVEMBER 22, 2016

Researchers forecast mobile payments to account for $1 trillion in transactions next year. The company offers both B2C and B2B solutions but has recently fixed its eye on the corporate payments space. The accounts receivable tool targets some of what Koh described as the deepest pain points in B2B payments today.

B2B 65

B2B B2C Vendor Management Reconciliations 65

PYMNTS

DECEMBER 28, 2020

Corporates want to delay payment as long as possible in order to better manage cash flow, while suppliers are pressed to accelerate accounts receivable to strengthen their own cash positions. One of the most prominent culprits behind that friction is the intrinsic conflict that buyers and suppliers face in their payment flows.

B2B 81

B2B Invoicing B2C Reconciliations 81

PYMNTS

JUNE 9, 2017

That’s especially true in corporate accounting, says Beanworks CEO Catherine Dahl. It’s an interesting time in accounting, and there’s a huge change coming,” she recently told PYMNTS, adding that digitization will become the norm, empowering humans to take on more strategic tasks while technology handles the repetitive stuff.

Accounting 43

Accounting Technology Accounts Payable Invoicing 43

PYMNTS

JANUARY 20, 2020

In the old days, however, those in the payments business would generally split the payment lifecycle into what many people would call the front end and the back end — or payments transaction processing and then clearing, settlement and reconciliation. reconciliation). reconciliation).

Reconciliations 58

Reconciliations B2C Risk Management B2B 58

PYMNTS

MAY 6, 2019

Customers, on the other hand, need to be assured that their PII, such as credit card or bank account numbers, will remain safe. . The movement of money is initiated when the merchant’s bank requests to “pull” money out of the customer’s account and place it into the merchant’s. B2C push payments can deliver quick funds to consumers.

B2C 44

B2C Reconciliations Invoicing Securities 44

PYMNTS

JULY 16, 2020

Force-fitting a B2C-based eCommerce platform for a B2B sales context can mean a lack of payments features corporates need, like the ability to facilitate check transactions and establish custom payment terms. . Payments workflows are a particularly large hurdle in this space. ”

B2B 59

B2B eCommerce B2C Accounts Payable 59

PYMNTS

AUGUST 7, 2018

The company is collaborating with small business accounting firm Xero to integrate its B2B payments capabilities into the platform. Paid invoices are automatically marked in the Xero platform for easier reconciliation, the companies explained. Xero and GoCardless already collaborate in the U.K., reports noted.

B2C 40

B2C Invoicing B2B Reconciliations 40

PYMNTS

MAY 27, 2020

One strategic way of accomplishing this, explained Melnikovs, is to marry payment acceptance with eInvoicing, a function that he said often benefits the B2B commerce space even more than B2C. For the corporate buyer, this combination optimizes their own internal processes.

B2B 71

B2B B2C Reconciliations eCommerce 71

PYMNTS

DECEMBER 31, 2019

Paper-based payment methods such as checks and cash are awkward and cumbersome in either business-to-business (B2B) or business-to-consumer (B2C) transactions. 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.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61

PYMNTS

JULY 25, 2019

In addition, they can spare tenants from fines related to late rental payments by helping them more rapidly move money into their landlords’ accounts. . Apps also allow smartphone users to choose from multiple accounts – even at banks – when making such transfers. . Simply developing new real-time payment rails is not enough, though.

B2C 64

B2C Invoicing B2B Reconciliations 64

PYMNTS

SEPTEMBER 4, 2018

As instant payment schemes continue to roll out across the world, this not only impacts B2C companies, but also has a knock-on effect on the full value chain of globally connected corporates,” said Deutsche Bank Head of Cash Products, Global Transaction Banking Shahrokh Moinian in a statement announcing the report.

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

AUGUST 15, 2018

However, accounts payable (AP) service providers have more on their plate than simply making it easier for companies to pay their invoices digitally. Scott noted that one of the biggest reasons why is service providers’ failure to adequately address vendors’ needs in the accounts receivable department.

B2B 40

B2B Accounts Payable B2C Reconciliations 40

PYMNTS

MAY 12, 2017

The tune of B2B eCommerce over the last few years has been filled with references of providing business buyers with a B2C-like, Amazon-like experience. The trend sounds eerily familiar to those seen within B2C eCommerce too. We’re seeing consumerization out there,” the executive added.

B2B 42

B2B eCommerce B2C Reconciliations 42

PYMNTS

JULY 24, 2017

An electronic deposit must go into one bank account — not two — and both parties must acknowledge acceptance — digitally — before that happens. Diegelman explained that simply creating a solution that catered to the lowest common denominator — one person, one bank account — wouldn’t have served customers in that market.

B2C 40

B2C Reconciliations Banking Accounting 40

PYMNTS

SEPTEMBER 12, 2019

There’s also the age-old, seemingly inevitable push and pull of managing accounts receivable and accounts payables. firms are owed in accounts receivable on any given day. Suppliers, not surprisingly, want to get paid as quickly as possible for the goods and services they deliver. trillion is the net amount U.S.

B2B 45

B2B Accounts Payable Invoicing B2C 45

PYMNTS

MAY 25, 2018

According to Spear, every transaction between business partners must be integrated into each side’s back-office systems, and companies expect that suppliers will push out data that can be automatically collected and reconciled in accounting, ERP and other systems.

B2B 40

B2B eCommerce Accounts Payable B2C 40

PYMNTS

JANUARY 31, 2018

B2B payments has a reputation for being slower than B2C transactions to innovate, but that’s not without reason. The EDI is a particular pain point for trading businesses, says Clay Dedeaux, director of Account Services at Crowdz. Today, most business commerce happens with a lot of manual processes,” he said.

B2B 43

B2B Education Forecasting B2C 43