PYMNTS

AUGUST 6, 2020

. “We are leaving behind siloed accounts and manual transactions and building towards fully automated and point-to-point money movement,” CEO and Founder Stephany Kirkpatrick said in a statement. Accounts payable (AP) and receivable (AR) technology firm Bottomline Technologies announced its open banking-powered service in the U.K.

Banking 110

Banking Foreign Exchange Accounts Payable Technology 110

PYMNTS

DECEMBER 11, 2019

For years, any attention given to solving B2B payments friction was typically focused on the payer. Yet, as innovators have chip away at friction points, they have recognized the value of incorporating a supplier’s accounts receivable (AR) experience into their solutions. “The person receiving it is just happy to get paid.”

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

JANUARY 13, 2017

CSI Kick Start, a FinTech incubator operated by corporate payments company CSI globalVCard, said it has officially kicked off its second year of searching out B2B payments innovators. The company said Thursday (Jan.

B2B 49

B2B Foreign Exchange Accounts Payable Startups 49

PYMNTS

JULY 10, 2019

The service automatically extracts data from invoices, PDFs and other trade documents and automates accounts payable while storing payables information for reconciliation and accounting. Last year, Frey spoke with PYMNTS’ Karen Webster about some of the biggest challenges of FX management.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

OCTOBER 9, 2019

WEX added that it will also be able to settle UAE dirhams without charging foreign exchange fees. WEX’s capabilities harness the power of Mastercard’s renowned customer-centric B2B products and services,” added Mastercard General Manager of UAE and Oman Girish Nanda. “We

Accounts Payable 68

Accounts Payable Foreign Exchange B2B Accounting 68

PYMNTS

APRIL 7, 2020

This has resulted in business-to-business (B2B) offerings such as mobile apps that help provide small business owners better overview and management of their companies’ bank accounts, as well as their accounts payable (AP) and accounts receivable (AR). Around The B2B API World. About The Tracker.

eCommerce 63

eCommerce Banking Foreign Exchange B2B 63

PYMNTS

OCTOBER 22, 2020

Old-school business-to-business (B2B) transaction methods like sending and waiting on checks and physical invoices are more difficult to stick with now that many offices are closed and financial teams are working from home. How B2B Sellers Overcome International AR Challenges. trillion worth of sales by 2024. About The Playbook.

Invoicing 63

Invoicing B2B Foreign Exchange Accounts Payable 63

PYMNTS

NOVEMBER 22, 2019

However recent analysis from Iron Pillar , as reported recently in the Times of India, suggests that such a slowdown may not be detrimental to the B2B FinTech startup arena. Finland’s Enfuce announced more than $11 million in new funding for its B2B financial services offerings, with Maki.vc leading the investment.

Mergers and Acquisitions (M&A) 43

Mergers and Acquisitions (M&A) B2B Foreign Exchange Startups 43

PYMNTS

AUGUST 13, 2019

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. Last month, reports in the Financial Times made clear that businesses will increasingly be faced with decisions they must make about how to manage foreign exchange volatility. Reports Monday (Aug.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

DECEMBER 21, 2020

Ramsay said she believes the new B2B facility and its status as a registered Visa BPSP will help the businesses benefit from more flexible payment options. Cash and check payments are still the dominant method for B2B transactions on the continent. One of the factors involved was an exposure to reduced short-term cash flow.

B2B 70

B2B Foreign Exchange Accounts Payable Invoicing 70

PYMNTS

MAY 1, 2018

B2B payments is at the center of efforts to innovate by FinTechs, banks and others, but corporates’ business-to-business payment processes remain complex, erroneous and a deterrent to growth. The vast majority (91 percent) said they used the Bacs system to make their B2B payments, though half said they used SWIFT more than four times a month.

B2B 47

B2B Invoicing Foreign Exchange Pharmaceutical 47

PYMNTS

NOVEMBER 16, 2018

In a week of multiple nine-figure venture capital funding rounds, B2B FinTech has proved it plans to end the year on a high note. Below, PYMNTS breaks down the more than $912 million raised by B2B FinTech firms this week. Automation Anywhere. Existing backers, such as Xavier Niel, also participated in the funding.

Accounts Payable 77

Accounts Payable Currencies Foreign Exchange Startups 77

PYMNTS

OCTOBER 23, 2019

It’s the reason why paper checks remain a constant in B2B payments: Although businesses may not particularly like them, organizations already know how to send, receive and reconcile them. B2B innovators have a choice when they decide to search for a better way to move money between corporates. Work With What You’ve Got.

B2B 40

B2B Accounts Payable Foreign Exchange Treasury 40

PYMNTS

MAY 5, 2016

Cross-border payments company Cambridge Global Payments has announced a new partner to enhance its B2B payment solutions, just weeks after announcing another collaboration with AP automation company Beanworks. The service providers negotiate foreign exchange rates with other cross-border payment service providers, reports added.

Foreign Exchange 40

Foreign Exchange Accounts Payable B2B Invoicing 40

PYMNTS

MARCH 1, 2016

deals were also joined by B2B companies. Meanwhile, AvidXchange, which provides accounts payable and automation solutions for corporations, also landed among the elite with a $225 million funding round led by Bain Capital in September. The alternative lending platform focuses on student lending, but some of the top U.S.

B2B 40

B2B Foreign Exchange Accounts Payable Startups 40

PYMNTS

MARCH 16, 2020

Risk will be less of an issue because of the increase in transparency and tighter control on foreign exchange payments, along with the currency exposures for those with stake in procurement and treasury.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

OCTOBER 22, 2019

This month’s Deep Dive explores the frictions currently afflicting the B2B cross-border payments and P2P remittances spaces, as well as the solutions being developed to accelerate transactions and reduce pain points. International B2B Payments Pains. Limited connections between FIs can cause delays and higher costs as well.

B2B 41

B2B Foreign Exchange Accounts Payable Banking 41

PYMNTS

JANUARY 28, 2021

As you progress, and digital assets start to integrate into finance, then you start to see companies looking to hedge [foreign exchange (FX)] exposure, or looking to reduce an emerging market currency volatility, by holding digital assets.”. “You’re starting to see the green shoots here,” said Sully. “As

Treasury 84

Treasury Foreign Exchange Accounts Payable Currencies 84

PYMNTS

APRIL 21, 2016

A cross-border payments company and an accounts payable solutions provider have joined forces, meshing their tools together to ease friction in global B2B payments. Together, the companies said they will look to digitize cross-border B2B payments.

Accounts Payable 40

Accounts Payable Foreign Exchange B2B Invoicing 40

PYMNTS

SEPTEMBER 4, 2018

One of the areas ready for real-time disruption is foreign exchange (FX) management, which is “the road to real-time treasury,” according to the report. In a new report released from Deutsche Bank’s Global Transaction Banking unit, analysts noted that faster payments are shifting treasurers to embrace real-time processes.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

JUNE 11, 2020

To help middle-market firms automate each of their accounts payable (AP) procedures on one platform, MineralTree has unveiled “end-to-end” multi-currency functions. Foreign exchange (FX) rates are set into place at the time the payments are set into motion, and MineralTree said users save on wire fees compared to historical methods.

Foreign Exchange 52

Foreign Exchange Accounts Payable Invoicing Currencies 52

PYMNTS

DECEMBER 17, 2019

For AccountsIQ, the latest embrace of open banking comes in the form of a collaboration with TransferMate , which has now integrated cross-border payments capabilities directly within AccountsIQ’s accounts payable portal. “In the middle market, businesses are becoming more international,” he said.

Marketing 52

Marketing Accounts Payable Foreign Exchange Invoicing 52

PYMNTS

NOVEMBER 22, 2019

Innovation in accounts payable (AP) is now largely being driven not only by challenges in the way businesses make payments, but also by friction in the way their vendors and business partners receive them. That lack of connectivity and integration makes for sluggish B2B payments. Hurdles at Every Turn.

B2B 43

B2B Invoicing Accounts Payable Foreign Exchange 43

PYMNTS

SEPTEMBER 4, 2018

With companies paying suppliers on strategic schedules, real-time transactions aren’t always necessary — or beneficial — for the B2B payments space. NACHA found B2B payments made up 6 percent of the nearly 2 million same-day ACH transactions that occurred in the first 11 days the service went live. In the U.S.,

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

FEBRUARY 7, 2019

Clarke also noted that the company’s partnership with AvidXchange to launch its automated accounts payable (AP) solution ASAP is on path to become “a big, big deal” for the company. FLEETCOR expects to book between 9 percent and 11 percent organic revenue growth for 2019. ”

Mergers and Acquisitions (M&A) 46

Mergers and Acquisitions (M&A) Foreign Exchange Accounts Payable Construction 46

PYMNTS

APRIL 18, 2016

With that in mind, Agiasotis pointed to other aspects of the payments innovation space that should, perhaps, be getting a bit more attention from disruptors when it comes to B2B payments. If you think about the other friction points to doing trade internationally, it’s information exchange,” he said. Payments And Data Become One.

Foreign Exchange 40

Foreign Exchange Invoicing B2B Currencies 40

PYMNTS

AUGUST 19, 2016

In this instance, some authorities, Toppen said, may require that the transaction not be treated as accounts payable or accounts receivable but must be written off as debt, which has implications for consolidated accounting and reporting. “Some countries may say you can just settle it without cash being moved. .”

Foreign Exchange 40

Foreign Exchange Auditing Treasury Accounts Payable 40

PYMNTS

JULY 26, 2016

For many organizations, errors across the accounts payable and accounts receivable processes can range from mismatched data between invoice and purchase order to misstated prices, often attributed to manual data entry. Invoice mistakes are costly. Other times, misinvoicing is the work of cybercriminals against individual firms.

Foreign Exchange 44

Foreign Exchange Invoicing Accounts Payable Accounting 44

PYMNTS

JULY 18, 2016

The firm added that it enables businesses to unify their accounts payable, accounts receivable, invoice processing and other B2B finance processes. .” The WU EDGE platform enables international payments and provides a portal through which SMEs can connect with each other.

Accounts Payable 40

Accounts Payable Currencies B2B Invoicing 40

PYMNTS

DECEMBER 20, 2017

Invoice Automation Solutions adds to the services already offered by Global Exchange, which include cross-border payment services, foreign exchange (FX) risk management and the integration of these services into existing accounting and enterprise resource planning (ERP) systems. “We

Invoicing 46

Invoicing Foreign Exchange Risk Management Accounting 46