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 16, 2020

A merchant is not so much concerned about having the money at his accountant at the given second. He's much more concerned about reconciliation of payments and assuring that people have paid so that he can put the goods [on the shelf] or provide service to the people.”. The Need For Speed .

Nonprofit 131

Nonprofit Reconciliations Banking Securities 131

PYMNTS

FEBRUARY 25, 2020

“TripActions is the only complete, end-to-end corporate travel management solution for finance teams and travel managers, combining the best online booking tool, travel management company and travel payments solution into a single platform,” said Samantha DeRosa, senior accounting manager at Toast.

Reconciliations 60

Reconciliations Leverage eCommerce Finance 60

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

NOVEMBER 19, 2020

That includes advancements in Canada's upcoming Real-Time Rail, as well as adoption by Transcard of Mastercard's Track Business Payment Service to facilitate real-time, account-to-account transfers for businesses. Plus, blockchain makes new inroads in the B2B arena. Canada Taps Vocalink for Real-Time Rail.

B2B 104

B2B Reconciliations Risk Management Accounting 104

PYMNTS

MAY 12, 2017

But the rise in B2B eProcurement and eCommerce is helping firms make that leap to going digital — and, according to CloudCraze , implementing digital commerce solutions can initiate broader advances in technological adoption overall. “B2B The trend sounds eerily familiar to those seen within B2C eCommerce too.

B2B 42

B2B eCommerce B2C Reconciliations 42

PYMNTS

JUNE 10, 2020

The new partnership will combine “global open banking initiatives, Samsung SDS’ Nexledger Universal platform and Credorax’s industry expertise” in order to provide automatic payment reconciliation, remittances and invoices for B2B payments. The effect will be to eliminate the need for manual tasks for those functions.

Banking 53

Banking Reconciliations B2B Invoicing 53

PYMNTS

DECEMBER 30, 2020

Against that backdrop, he said, virtual cards are of value because they give buyers the associated benefits of paying by card, such as extending days payable outstanding, enhanced automated data reconciliation, and any commercial card rebate they get from their issuer.

B2B 105

B2B Reconciliations Sales Invoicing 105

PYMNTS

OCTOBER 23, 2018

In eCommerce, the readiness is all, to steal a line from Shakespeare. eCommerce ready to take on the World?” Each year, the user base for eCommerce — that is, new internet users — grows by about 248 million. Global eCommerce is growing by 14 percent overall. have capitalized on a sea change in how we pay. companies.

eCommerce 65

eCommerce Sales Reconciliations Education 65

PYMNTS

JUNE 12, 2018

B2B eCommerce software provider OroCommerce is integrating payments capabilities into its platform through a new collaboration with Limonetik. “Our B2B eCommerce platform is a guarantee of performance and ease-of-use. “Thanks to this all-in-one solution, which combines the advantages of the Oro platform (i.e.

B2B 53

B2B Reconciliations eCommerce Compliance 53

PYMNTS

APRIL 11, 2017

That includes line-item details, Visa said, with that data able to integrate into reconciliation tools. Visa’s collaboration with Amazon Business and our bank partners will ultimately help our commercial account holders in the U.S.

Reconciliations 40

Reconciliations B2B Auditing Treasury 40

PYMNTS

MARCH 30, 2020

By using WhatsApp, customers can check account balances, their last three transactions, credit card limit and details of instant loan offers, and can also block or unblock their credit and debit cards. Non-ICICI Bank retail customers can access the benefits of ICICIStack by opening instant savings accounts online.

Banking 58

Banking Reconciliations Retail Accounting 58

PYMNTS

NOVEMBER 7, 2018

FIS leveraged its Trax corporate payments factory, which provides corporate treasury functions a highly secure platform for consolidating and standardizing their accounts payments workflow, to connect LVMH Group’s partner banks to the SWIFT gpi. Based in Paris, about 65 percent of the multinational company’s payments go across borders.

Treasury 58

Treasury Reconciliations Leverage eCommerce 58

PYMNTS

MAY 27, 2020

percent of SMBs expect to rely “much more” on eCommerce after the pandemic, noting that “organizations must go digital and explore various revenue approaches to outlast the pandemic.” PYMNTS’ latest COVID-19 Business Recovery Report , a collaboration with American Express, found that 31.6

B2B 71

B2B B2C Reconciliations eCommerce 71

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. As B2B eCommerce gains traction, the opportunity for consumer-like payment models will continue to grow, too.

B2B 81

B2B Invoicing B2C Reconciliations 81

PYMNTS

JULY 25, 2017

Recurly, the enterprise-grade subscription management platform, announced Tuesday (July 25) an integration with Xero, a global, cloud-based accounting platform. Financial and accounting processes become considerably more complex in a recurring revenue scenario,” said Dan Burkhart, CEO of Recurly in the press release. “Our

Reconciliations 40

Reconciliations Profit and Loss Invoicing eCommerce 40

PYMNTS

FEBRUARY 17, 2020

On the receivables side, the Flywire platform streamlines payments reconciliation and matches the payment with the provider’s bill, including the movement of funds directly into the provider’s account without further integration. “We

Healthcare 91

Healthcare Reconciliations Startups Education 91

PYMNTS

OCTOBER 23, 2018

Further, small businesses can obtain heightened visibility into transaction data for reconciliation, accounting and spend management purposes. Additional rewards offered by American Express on the new card include cash back on purchases in certain categories, including restaurants and gas stations.

Invoicing 76

Invoicing Reconciliations Accounting eCommerce 76

PYMNTS

OCTOBER 1, 2019

However, the banks that have been and will be successful are the ones that see faster payments as the “new normal” for payments, clearing and settlement — and with the “new normal” comes new ways to do everything, from account-to-account payments to transfers across borders.

B2B 69

B2B Reconciliations eCommerce Banking 69

PYMNTS

NOVEMBER 14, 2017

These are the essential pieces of the puzzle when it comes to eCommerce , writ large across a global stage. In the latest Data Drivers installment, Steve Villegas, vice president of Partner Management at PPRO Group , told PYMNTS’ Karen Webster that “alternative payments are going to drive the future of eCommerce.”

Reconciliations 46

Reconciliations eCommerce Currencies Banking 46

PYMNTS

DECEMBER 30, 2016

The globalization of B2B transactions is therefore a trend that will only continue to increase as eCommerce technology advances.”. trillion by 2020, and eCommerce in India will grow 67 percent into a $38 billion market — a tenfold growth since 2009. Third, B2B payments in developing markets will outpace mature markets.”.

B2B 50

B2B Reconciliations eCommerce Banking 50

PYMNTS

OCTOBER 1, 2020

As reported earlier in this space, dealmaking to date in 2020 has included eCommerce-as-a-Service firm Mirakl securing a $300 million investment, and payments firm Zoop securing a $10.85 The benefits of automating this process include reduced overhead, a streamlined payment reconciliation process and a shortened payment cycle for the payee.

B2B 56

B2B Invoicing Practice Management Reconciliations 56

PYMNTS

SEPTEMBER 7, 2018

Companies like alternative small business (SMB) lenders or accounting solutions providers, for instance, remain popular investment targets. Portal provides banks with insight into small business borrowers’ accounts receivable data. There are some B2B FinTech segments that are mainstays with investors. Based in the U.K.,

B2B 43

B2B Invoicing eCommerce Reconciliations 43

PYMNTS

JUNE 26, 2019

The company launched the new Finances API, which aims to give developers a better view of eBay transactions and to allow for easier payouts to banks accounts. It also helps sellers with accounting and reconciliation. Also, the Fulfillment API now lets managed payments sellers give full or partial refunds to buyers.

Reconciliations 56

Reconciliations Advertising Leverage Sales 56

PYMNTS

AUGUST 13, 2020

For example, the card offers consolidated eStatements of all spending in a single place, which the company says will bolster reporting and allow for easier reconciliation. Convoy said that enables trucking companies to account for fuel discounts as they look for their next jobs. In the U.A.E., Clear Books Integrates With Stripe.

B2B 56

B2B Invoicing Reconciliations Technology 56

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).

Reconciliations 58

Reconciliations B2C Risk Management B2B 58

PYMNTS

AUGUST 23, 2018

Though eProcurement and B2B eCommerce solutions providers have largely looked to provide a “consumer-like” shopping experience for end users, reliance on consumer portals and websites can derail schools’ spend management efforts. This adds an entirely new layer of friction to the procure-to-pay process, said Rafanelli.

Budgeting 40

Budgeting Reconciliations B2B eCommerce 40

PYMNTS

SEPTEMBER 9, 2016

According to BNY Mellon , the enhanced credit advice service will enable clients who participate in SWIFT to get notices for incoming credits to their accounts, as well as credit information about their clients. Meanwhile, the better message management will make payment processing and reporting more efficient.

Reconciliations 40

Reconciliations Treasury eCommerce Banking 40

PYMNTS

DECEMBER 7, 2016

based platform, they worked with different providers, each of which they had to integrate with or manage individually, and each provider had its own funds flow and reconciliation process that they needed to orchestrate and manage and their own handling process. -based company on a U.S.-based That’s really interesting. .

Reconciliations 76

Reconciliations Banking eCommerce Marketing 76

PYMNTS

JANUARY 31, 2018

The movement of information is filled with friction in B2B transactions today, with deals across borders and between third- and fourth-parties, creating a muddle of data that can delay supplier payments and disrupt the reconciliation process. Today, most business commerce happens with a lot of manual processes,” he said.

B2B 43

B2B Education Forecasting B2C 43

PYMNTS

JULY 8, 2016

Quickli enables businesses to handle the “last mile” of logistics and delivery, especially as the B2B eCommerce industry balloons in the country. Quickli declined to disclose how much it secured, reports said, though it did say AVG Group and 500 Startups provided the funding. ” Alternative Lending.

B2B 40

B2B Startups Foreign Exchange Invoicing 40

PYMNTS

JUNE 28, 2019

The $1 million in Seed funding for India-based Recko will help the firm grow its payments reconciliation solution for companies in the banking, lending, insurance, eCommerce and telecom industries.

Valuation 43

Valuation Reconciliations B2B Startups 43

PYMNTS

NOVEMBER 18, 2019

And it is the consumer’s expectation of payments done with speed, account to account, that will create ripple effects for banks, merchants, corporates and corporate transactions. He likened the strategy to the 80/20 rule, where the bank may make 20 percent of its revenues from payment services and 80 percent from account holdings.

B2B 49

B2B Reconciliations Banking Accounting 49

PYMNTS

JUNE 24, 2016

For example, they don’t just want to take a payment from a member, they also want to be able to link it back to that particular member’s account so they can keep a rich history of who this actual member is, Hopkins explained. A lot less manual processing that they have to go through,” he added.

Nonprofit 40

Nonprofit Reconciliations Education Technology 40

PYMNTS

JULY 2, 2018

” Accounts of South Koreans being spontaneously hoisted onto the shoulders of crowds of enraptured Mexicans also became common across the U.S. Tough week for Bank of America (BoA), which has been accused in a lawsuit of opening more than 100 accounts that it allegedly used to perpetrate a $102 million Ponzi scheme.

Foreign Exchange 41

Foreign Exchange Banking Reconciliations Accounting 41

PYMNTS

DECEMBER 16, 2019

And eCommerce volumes will soar, with countries such as China, Japan and the U.S. Uber is giving its drivers free digital wallets to receive their pay (and, they hope, all of their other pay as well) as well as access to special deals and promotions to linked to that account to keep more of them driving for the company.

Banking 72

Banking Accounting Leverage Advertising 72

PYMNTS

JANUARY 1, 2020

And eCommerce volumes will soar, with countries such as China, Japan and the U.S. Uber is giving its drivers free digital wallets to receive their pay (and, they hope, all of their other pay as well) as well as access to special deals and promotions to linked to that account to keep more of them driving for the company.

Banking 69

Banking Accounting Leverage Advertising 69