Simply Treasury

AUGUST 3, 2022

Automated bank connectivity through a single secure channel has become essential to reduce costs, facilitate on-boarding by banks, secure transactions, speed up and automate reconciliations and reduce staff workload. A “Bank Single Gateway” is no longer a "plus", but a "must" that every fund servicer or fund should have.

Banking 147

Banking Reconciliations Treasury Securities 147

Global Finance

JULY 26, 2024

In the Asia-Pacific region, geopolitical risks and supply chain diversification require contingency planning by corporates, and banking partners who can help treasurers mitigate foreign exchange risk to protect profit margins. It enables customers of different banks to make and receive domestic real-time payments.

Cash Management 52

Cash Management Treasury Foreign Exchange Concentration 52

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. Furthermore, those who work in treasury can access reports seamlessly and maximize the potency of their information with a CashPro reporting API.

Treasury 75

Treasury Foreign Exchange Banking Reconciliations 75

Global Finance

OCTOBER 11, 2024

Global Finance presents its 31st annual list of best banks worldwide. Banks face an uphill battle as supply chains remain disrupted, regional conflicts continue to build, and the fear of bank failure returns. Industry leadership, advancements in digitalization and corporate citizenship also factored in.

Banking 107

Banking Foreign Exchange Profit and Loss Finance 107

Global Finance

SEPTEMBER 25, 2024

Susanne Prager, head of cash management at Raiffeisen Bank International (RBI), discusses the challenges affecting global banking services and the need for the latest tech tools to help companies succeed in CEE and around the world. Global Finance: What are the overall trends impacting international banking transactions?

Banking 98

Banking Cash Management Compliance Currencies 98

PYMNTS

DECEMBER 3, 2020

The digital shift brought on by the coronavirus has caused treasury banks to reprioritize their support of digital payments as consumers and merchants increasingly demand fast, easy and secure ways to get their money. Additionally, the initiative can serve the gig economy through offering real-time payments to any account.

Treasury 89

Treasury Prioritization Banking B2B 89

CFO News Room

DECEMBER 10, 2022

What Types of Accounts are Best for Compounding? Banks Savings Accounts. Most savings accounts, money market accounts, and certificates of deposit earn compound interest. You can buy just about any investment through an online broker, including bank products like CDs. Most banks offer CDs.

Investments 130

Investments Accounting Treasury Construction 130

PYMNTS

DECEMBER 18, 2020

Treasury Department proposed sweeping new rules late Friday (Dec. Treasury Secretary Steven Mnuchin said in a prepared statement that the new proposed rule “addresses substantial national security concerns in the CVC market and aims to close the gaps that malign actors seek to exploit in the record-keeping and reporting regime.

Treasury 141

Treasury Currencies Securities Banking 141

PYMNTS

OCTOBER 13, 2020

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. Morgan Chase ; and Brad Windbigler , head of treasury and investor relations at Western Union. Setting the Stage.

Treasury 76

Treasury Banking B2B Reconciliations 76

Strategic Treasurer

APRIL 3, 2023

Survey Results Treasury Fraud & Controls Thank you to all of those who participated in our 2023 Treasury Fraud & Controls survey. Download the Report Depth of Coverage This annual survey seeks to evaluate the current and projected impact of fraud on the finance and treasury environment.

Treasury 52

Treasury Reconciliations Risk Management Education 52

Strategic Treasurer

FEBRUARY 22, 2023

Survey Results Treasury Fraud & Controls Thank you to all of those who participated in our 2023 Treasury Fraud & Controls survey. Pre-Request the Report Depth of Coverage This annual survey seeks to evaluate the current and projected impact of fraud on the finance and treasury environment.

Treasury 52

Treasury Reconciliations Education Securities 52

Strategic Treasurer

MARCH 23, 2023

2023 Treasury Perspectives Survey Results April 20 | 11:00 AM EDT Register Now Date Thursday, April 20, 2023 Time 11:00 AM – 12:00 PM EDT Where This is an online event Speakers Michael Gordon, TD Bank Tom Gregory, TD Bank Craig Jeffery, Strategic Treasurer Sponsored By Hosted By 1.2 Eager to learn?

Treasury 52

Treasury Benchmarking Education Economics 52

Strategic Treasurer

OCTOBER 14, 2022

Building a 360-Degree Treasury: Payments and Bank Information. Description : Every treasury group needs to know where its cash is, wherever in the world that may be. That includes all locations, not just primary banks. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

Treasury 52

Treasury Banking Forecasting Cash Management 52

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. After all adjustments, the ending balance on the reconciliation statement should match the bank account balance.

Reconciliations 52

Reconciliations Banking Treasury Accounting 52

Strategic Treasurer

MARCH 21, 2022

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. Bank Account Management, Reconciliation & Compliance Practices.

Treasury 52

Treasury Reconciliations Securities Risk Management 52

Global Finance

JULY 26, 2024

UniCredit , our winner of two awards, as both Best Bank for Transaction Banking and Best Bank for Collections, uses its pan-European platform to leverage a sprawling network of businesses, fintechs, financiers, and investors to ensure that CEE receives the same services and products as its Western counterparts.

Cash Management 52

Cash Management Treasury Currencies Banking 52

Global Finance

NOVEMBER 29, 2024

These are collection accounts specifically developed to collect various public taxes: The amount of the advance available is determined based on expected receipts, and enriched reporting data enables automatic reconciliation in public accounting systems. At the end of 2023, Belfius had more than 12,000 public sector clients.

Cash Management 98

Cash Management Treasury Reconciliations Finance 98

PYMNTS

JANUARY 12, 2021

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. 12) announcement. The company says that over $18.5

Treasury 73

Treasury B2B Reconciliations Finance 73

PYMNTS

JULY 16, 2020

Treasury’s Financial Crimes Enforcement Network (FinCEN) is warning financial institutions of a “high-profile” new scam exploiting Twitter accounts to try and scam convertible virtual currency (CVC) out of individuals, according to a Thursday (July 16) press release.

Treasury 80

Treasury Banking Currencies Communication 80

PYMNTS

APRIL 3, 2019

Large corporates across Asia are driving digital transformation of banking and treasury management in the region, according to new analysis from Greenwich Associates. The portion of treasury officials prioritizing digitization has nearly doubled since the fourth quarter of 2018 to 22 percent, the report revealed.

Treasury 49

Treasury Banking Foreign Exchange Corporate Finance 49

PYMNTS

JANUARY 5, 2021

Department of the Treasury has electronically sent out two-thirds of the second round of individual stimulus checks, or over $112 billion in payments, according to a report from The Wall Street Journal (WSJ). After receiving the first-round checks, many consumers tended to pay debt or pad savings accounts. 5), according to WSJ.

Accounting 94

Accounting Banking Treasury Economics 94

CS Lucas

NOVEMBER 25, 2024

Treasury management doesn’t have to feel like a balancing act. Making Treasury Simpler and Smarter If you’ve ever wrestled with keeping Excel or Power BI dashboards up to date, you’re not alone. Compliance Made Easy: Audit trails and data controls are built in, ensuring accuracy and accountability without extra effort.

Treasury 52

Treasury Compliance Auditing Accounting 52

Global Finance

SEPTEMBER 5, 2024

Standard Chartered has launched a new ESG-Linked Cash Account for corporate banking clients that rewards them for meeting targets tied to environmental, social and governance (ESG) priorities. With this account, the interest rate on the cash account will be linked to the organization’s ESG-related performance.

Banking 52

Banking Benchmarking Auditing Treasury 52

PYMNTS

DECEMBER 13, 2018

As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. “And from there, you have to go to your ERP system, your accounts receivable and accounts payable data, and normalize that data.”

Treasury 62

Treasury Banking Cash Management Accounts Payable 62

FISPAN

SEPTEMBER 28, 2022

Finance professionals bring the bank to their Microsoft Dynamics 365 Business Central environment with FISPAN's bank-branded embedded app.

Treasury 52

Treasury Reconciliations Finance Banking 52

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

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

APRIL 17, 2020

Some cash-strapped people are losing some or all of their coronavirus stimulus money because their bank accounts are overdrawn. While Treasury has refused to follow congressional intent, that does not give banks license to steal the stimulus payments from their customers.”.

Accounting 57

Accounting Banking Treasury Communication 57

Bank of the West

OCTOBER 18, 2021

6 FACTORS CHANGING THE FUTURE OF TREASURY MANAGEMENT. No wonder 83% of treasury professionals say the value assigned to treasury grew during COVID-19. Here are six forces reshaping treasury management: 1. Growth in transaction deposits in banks in 2020, compared to the 6% growth in 2019.

Treasury 52

Treasury Forecasting Communication Leadership 52

PYMNTS

JANUARY 28, 2021

Yet for finance leaders of the enterprise, adoption of digital assets poses plenty of risks and challenges, not least of all the inability for their current treasury infrastructures to manage crypto in an integrated and compliant way. But it may not be smooth sailing ahead. We’re not just talking about the digitization of fiat,” he said. “As

Treasury 84

Treasury Foreign Exchange Accounts Payable Currencies 84

PYMNTS

JULY 9, 2019

HSBC is introducing virtual accounts for corporate and institutional clients, the financial institution said in a press release sent to PYMNTS on Monday (July 8). The bank announced that its Next Generation Virtual Accounts are now available to wholesale clients to support cash and multi-currency management.

Accounting 54

Accounting Banking Cash Management Treasury 54

CS Lucas

APRIL 28, 2023

This article will cover the information exchanged between CS Lucas and the accounting (Enterprise Resource Planning) system, as well as the methods employed to facilitate this exchange. CS Lucas provides users with the flexibility to choose from various accounting treatments, which are specified in the user guide [ [link] ].

Accounting 52

Accounting General Ledger Accounts Payable Foreign Exchange 52

Strategic Treasurer

FEBRUARY 9, 2022

2022 Treasury Fraud & Controls Survey Results. Description : The 2022 Treasury Fraud and Controls Survey recently closed, with respondents providing valuable data on multiple elements impacting fraud and security. Bank account management & compliance practices. March 22 | 11:00 AM EDT. Register Now. Sponsored By.

Treasury 52

Treasury Securities Risk Management Education 52

PYMNTS

OCTOBER 24, 2019

Financial institutions are investing significantly in embracing online banking and supporting a positive digital experience for their end-users. For corporate treasurers of multinational organizations, this task isn’t merely about logging into each online banking portal, either. Tripping Up Cash Management. The Regulatory Impact.

Treasury 40

Treasury Mergers and Acquisitions (M&A) Banking Forecasting 40

PYMNTS

MARCH 4, 2020

Business to business (B2B) application programming interfaces (APIs) are helping smooth the flow of data between companies, including businesses and their financial services software as well as between banks and their corporate clients. Other banking integrations seek to revamp B2B payments. Read the full story in the Tracker.

Treasury 96

Treasury B2B Cash Management Leverage 96

FISPAN

JUNE 23, 2023

Bank feeds are a game-changer in financial workflows, offering seamless integration between accounting software and bank accounts.

Banking 98

Banking Accounting Treasury CFO 98

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