CS Lucas

MAY 9, 2024

Bank reconciliation is a crucial process that ensures the accuracy of a company’s financial records against the bank’s account statements. A reconciliation statement serves to validate that payments have been processed and deposits correctly recorded.

Reconciliations 52

Reconciliations Banking Treasury Accounting 52

PYMNTS

APRIL 7, 2020

OneStream , which specializes in corporate performance management (CPM) for companies, has a new program that promises to speed up the time it takes to reconcile accounts, according to a press release. The Transaction Matching software goes hand-in-hand with OneStream’s existing Account Reconciliation.

Reconciliations 56

Reconciliations Accounting General Ledger Accounts Payable 56

PYMNTS

JULY 3, 2020

Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. Collaborating with FinTechs is a valuable strategy for banks, noted Sigovitch. ” Offering the Right Tools.

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

PYMNTS

SEPTEMBER 26, 2018

The latest corporate banking offering by Citi aims to virtualize treasurer accounts for more personalized, streamlined services. The bank said in an announcement Tuesday (Sept. 25) that it is rolling out Citi Virtual Accounts for institutional clients. Citi said it plans to expand the offering into the U.S.

Accounting 75

Accounting Reconciliations Treasury Currencies 75

The Finance Weekly

NOVEMBER 3, 2021

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. For both internal and external sources, each balance has to match the corresponding account in the general ledger.

Reconciliations 52

Reconciliations Accounting General Ledger (GL) Finance 52

FISPAN

AUGUST 5, 2022

Bring the bank to your Oracle NetSuite environment with FISPAN’s bank-branded embedded app.

Banking 97

Banking Reconciliations Accounting 97

Future CFO

MARCH 31, 2025

This reduces the need for banks to manually intervene in the process, making near real-time, cross border wholesale payments a reality. The whitepaper focuses particularly on the potential of ISO 20022 XML, a messaging format that is specific to reducing friction in account receivable reconciliation and cash allocation processes.

Reconciliations 52

Reconciliations Accounting Banking Technology 52

PYMNTS

DECEMBER 30, 2020

As treasury management becomes increasingly digital, a bank’s corporate banking clients face challenges when it comes to modernizing treasury workflows. Embedding banking into ERP systems has been a hot topic as of late — although the buzz surrounding it has been years in the making.

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

PYMNTS

MARCH 11, 2020

The reconciliation process is traditionally viewed in the context of financial transactions: Does the value of a company payment match with what the company was billed, and what the company had purchased? Yet the reality is that the reconciliation process is rarely ever straightforward. Beyond Data Matching. Payment Rail Confusion.

Reconciliations 56

Reconciliations Corporate Finance Finance Invoicing 56

PYMNTS

NOVEMBER 20, 2019

Citi noted traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collection and reconciliation. The platform integrates cross-border billing, payment acceptance and reconciliation into a single solution. “In

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

PYMNTS

JULY 12, 2019

Order-to-cash solutions provider Billtrust has added Priority Commercial Payments to its Business Payments Network (BPN) to streamline B2B payments reconciliation, the companies said in a press release this week. Acquirers and accounts receivable platforms can also connect to the network to capture transaction data for end-users.

Reconciliations 51

Reconciliations B2B Accounts Payable Accounting 51

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. The agreement made all of HighRadius' products available for Commerce Bank clients.

Banking 89

Banking Treasury Reconciliations Invoicing 89

PYMNTS

JANUARY 21, 2021

based bank to help them finance their corporate trade owing to a sophisticated blockchain platform for B2B payments, a press release says. HashCash's HC Corporate Payment will come with immediate reconciliation, real-time document sharing and automation via smart contacts, in order to enable quicker, more effective B2B payments.

Banking 93

Banking Reconciliations B2B Education 93

PYMNTS

NOVEMBER 10, 2020

Banks must understand that shift in order to uncover the most valuable B2B use cases, he said – and that means not only embracing new payments technology, but also adopting new business models that can address the shifting needs of corporates. It’s the culture that is changing.”.

B2B 117

B2B Banking B2C Reconciliations 117

PYMNTS

APRIL 17, 2020

Open banking regulations across Europe kicked open the door for a wave of FinTech competition, with consumer-facing personal finance management (PFM) right in the crosshairs of innovators’ efforts. Small businesses and corporate end-users have emerged as powerful drivers of exploring new use-cases for open banking and PSD2 regulations.

Banking 83

Banking Reconciliations Accounting Prioritization 83

PYMNTS

OCTOBER 14, 2020

"Unlike solutions on the market today that only offer a handful of ERP integrations and require a manual intervention to complete a payment, RegalPay One offers a bank-branded platform that connects directly to their corporate customers' ERP system," Ed Wertzberger , vice president of solution delivery for Regal Software, said in the announcement.

B2B 82

B2B Banking Accounts Payable Reconciliations 82

PYMNTS

OCTOBER 6, 2020

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. Our clients can transact and see real-time banking data directly from their own enterprise software, giving them an advantage in the digital, always-on economy.”.

Treasury 75

Treasury Foreign Exchange Banking Reconciliations 75

PYMNTS

JANUARY 8, 2021

Even so, there’s still plenty of work to be done to raise awareness about how sending or receiving RTP transactions can improve the banking client experience. To facilitate this transition in handling 24/7 cash flow, Whisler said TCH offers services such as intraday reconciliation.

Cash Flow Forecasting 139

Cash Flow Forecasting Banking Education Reconciliations 139

PYMNTS

JANUARY 17, 2021

Cloud-based accounting software solution provider AlignBooks will be working with ICICI Bank , a private-sector bank, to deliver a new, simple digital banking experience for small- to medium-sized businesses (SMBs), CRN India reported. We are delighted to partner with AlignBooks.

Banking 61

Banking Reconciliations Invoicing Accounting 61

PYMNTS

APRIL 8, 2020

Banks are continually working to provide their business customers with more streamlined, impactful services. This enables banks to support their clients’ ventures in more robust and flexible ways, according to Abdul Raof Latiff, group head of the digital institutional banking group at Singapore-based DBS Bank.

Banking 99

Banking eCommerce Leverage Reconciliations 99

PYMNTS

DECEMBER 29, 2020

Now, with electronic processes in place in accounts payable (AP) and accounts receivable (AR) departments, businesses are in a more strategic position than ever before to elevate workflows and strengthen B2B relationships. You have invoice aggregation, multiple account numbers with vendors, short payments, disputes and credit memos.".

B2B 114

B2B Reconciliations Accounts Payable Invoicing 114

PYMNTS

AUGUST 12, 2020

In this week’s roundup of open banking initiatives and bank-FinTech tie-ups, PYMNTS finds a renewed push to strengthen SMB banking experiences including financing, account management and more. Funding Circle Takes A Closer Look At Open Banking. WaFd Bank Bolsters SMB Financing Via nCino.

Banking 77

Banking Reconciliations Finance B2B 77

PYMNTS

FEBRUARY 28, 2020

As such, B2B FinTech firms continue to embrace collaboration and data integration between each other, particularly as the financial services world at large continues its migration toward unlocking data in an Open Banking framework. Going Further With Open Banking. Cichy said he sees the opposite happening today, though.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

JANUARY 21, 2021

Today in B2B payments, European banks grow wary of small business loans, and Xero collaborates on API bank connectivity. SMB Loans Pose Potential Big Risk for European Banks. Euro area banks have cut back on lending, as the pandemic continues to threaten the economy. Xero, Nedbank Team on API-Enabled Bank Feed for SMBs.

B2B 85

B2B Banking Reconciliations Currencies 85

PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. At the same time, he explained to PYMNTS, industry collaboration can mean combining banks’ and FinTechs’ biggest strengths.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

PYMNTS

JUNE 24, 2019

These professionals are entering the market with a demand for digitization, and it’s driving the emergence of digital- and mobile-first banks built for small businesses. Among this community is Novo , a mobile-first bank connecting entrepreneurs with bank account and debit card services. and Europe.

Banking 74

Banking Reconciliations B2B Accounting 74

FISPAN

JANUARY 12, 2022

Financial institutions (FIs) are under pressure to drive innovation in financial data access for the commercial banking space. Banking customers are seeking more control over their banking data than ever before. How data will be delivered and received from FISPAN and the third-party partners we work with.

Reconciliations 96

Reconciliations Banking Securities Leverage 96

PYMNTS

FEBRUARY 1, 2021

Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. Reconciliation Challenges. 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 12, 2020

Contextual banking will change the way traditional financial institutions (FIs) interact with their business clients. Today, a bank simply receives a payment instruction from its customer. This lets the bank have its brand and services front and center, even when it comes to embedded banking. Building The Infrastructure.

Banking 88

Banking Invoicing Reconciliations Treasury 88

The Charity CFO

MARCH 6, 2024

The conversation today has a very simple focus, 5 red flags that your nonprofit accounting needs improvement, even when it may not be recognized. Red Flag #1: Bank Account Reconciliation Whether the business is accrual or cash basis, it does not matter. Consider it like an internal audit and a necessity.

Nonprofit 59

Nonprofit Accounting Reconciliations Invoicing 59

PYMNTS

DECEMBER 22, 2020

The Italian Banking Association (ABI) is running experiments for a digital euro, CoinDesk reported. The experiments aim to examine a digital euro’s technical feasibility as well as its “programmability” as a coin separate from a central bank digital currency, (CBDC) according to CoinDesk.

Banking 69

Banking Currencies Reconciliations Technology 69

PYMNTS

MAY 1, 2020

Any business that trades internationally or manages a global workforce will be familiar with the pain points of traditional cross-border wires and bank transfers. “They accept cryptocurrency, facilitate the exchange, charge a professing fee then transfer funds into a bank account in one or two days. .

Currencies 68

Currencies Accounting B2B Reconciliations 68

PYMNTS

MARCH 9, 2020

FinTechs are keeping an eye on the needs of banks and their corporate clients in today’s market. Treasurers, in one case, may have deposits at multiple banks as some institutions may provide services to help them collect deposits. However, they are seeking ways to consolidate all of those deposits into one primary bank.

Banking 66

Banking Treasury Reconciliations Budgeting 66

FISPAN

OCTOBER 17, 2023

FISPAN and Sage partner to help businesses remove complexity from their accounts payable and reconciliation processes by integrating banking directly into their Sage Intacct ERP system.

Accounts Payable 59

Accounts Payable Reconciliations Banking Accounting 59

PYMNTS

JULY 8, 2020

Missouri-based First Bank will now be using Autobooks to help clients such as small- to medium-sized businesses (SMBs) boost their banking experiences, according to a press release. Autobooks’ invoicing, accounting and payments tech “will enable small businesses to conduct their financial activities in one place.”.

Banking 64

Banking B2B Reconciliations Invoicing 64

PYMNTS

SEPTEMBER 9, 2020

For customers of Banking Circle , new services for transparent payments and collections are now available under the customers' names both locally and across borders, according to information on the company's website. It's an improvement over the old days in which the payments could only come in the name of the payment provider or bank.

B2B 64

B2B Banking Reconciliations Currencies 64

PYMNTS

NOVEMBER 10, 2020

challenger bank Tide runs dry of SMB loan funds, while Payer launches an ID verification service for B2B eCommerce platforms. Just Cashflow Partners With Railsbank on SMB Accounts. Today In B2B, U.K. Plus, Just Cashflow collaborates with Railsbank, and HashCash streamlines its B2B payments offering.

B2B 75

B2B Banking Reconciliations Planning 75