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

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

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

NOVEMBER 10, 2020

Bank has rolled out its new AP Optimizer, which is a digital tool that works to simplify invoice processing and payments for businesses, according to a press release. Bank, according to the release. With AP Optimizer, the release stated, U.S.

Accounts Payable 80

Accounts Payable Banking Invoicing Treasury 80

PYMNTS

FEBRUARY 22, 2019

The relationship between FinTechs and banks has been complicated, with relatively young upstarts competing with established financial institutions in a new and growing world of digital payments and commerce. But, in fact, banks and FinTechs may make for the perfect marriage, as each works to leverage their unique strengths and opportunities.

Banking 82

Banking Accounts Payable Treasury Compliance 82

PYMNTS

DECEMBER 10, 2019

The provider’s new Money Transfer API supports fund transfers directly into overseas bank accounts, while another API supports money settlement in local currencies to spare recipients from the frictions of handling conversions. Banks are also turning to APIs to support their regulatory work. Find the full story in the Tracker.

Treasury 52

Treasury Accounts Payable B2B Banking 52

PYMNTS

FEBRUARY 6, 2020

Chicago-based Signature Bank is rolling out a technology platform called Finrails AP to simplify B2B payments, the company announced on Thursday (Feb. Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods.

Banking 67

Banking Accounts Payable B2B Invoicing 67

PYMNTS

SEPTEMBER 18, 2018

TD Bank is announcing a FinTech collaboration today (Sept. The bank said it is integrating Paymode-X technology from Bottomline Technologies into its corporate banking offering. ” This is TD Bank’s latest FinTech collaboration targeting the corporate segment. . bank to work with BizEquity.

Banking 62

Banking B2B Accounts Payable Valuation 62

PYMNTS

SEPTEMBER 28, 2020

21 percent of business leaders say payment authorization and authentication are requirements when choosing a treasury management platform , a report by Citizens Commercial Banking found. million was stolen from one company via accounts payable (AP) fraud , the Chicago Tribune reported. 45 percent of U.S.

Accounts Payable 96

Accounts Payable Invoicing Treasury B2B 96

Simply Treasury

SEPTEMBER 9, 2020

Treasury management is “anticipation”. Today, not being of " investment grade " quality is an enormous handicap in the bank lending market. This explains why the treasury manager, “the custodian of cash”, has become a centre of attention and why Cash Flow Forecasts (CFF) have become so essential. Often, we heard “ cash is king”.

Cash Flow Forecasting 130

Cash Flow Forecasting Forecasting Treasury Budgeting 130

PYMNTS

FEBRUARY 20, 2019

UMB Financial Corporation is teaming up with Bottomline Technologies to integrate an accounts payable management offering for corporate customers. In a press release sent to PYMNTS, the companies announced Wednesday (Feb. partnerships and new initiatives, in another statement. Last year UMB announced another partnership with U.K.-based

Accounts Payable 53

Accounts Payable Banking Treasury B2B 53

PYMNTS

SEPTEMBER 18, 2018

When it comes to treasury market offerings, banks have historically started wholesale and retail lockbox businesses. In turn, a company may receive a deposit in their bank account a couple of days later and have to pull the remittance information from the supplier site.

Banking 68

Banking Accounts Payable Treasury Invoicing 68

Future CFO

FEBRUARY 13, 2023

Having an experienced succession of crises since the beginning of 2020, FutureCFO asked two finance leaders their views on the challenges facing treasury and cash management during the pandemic and coming out of it. What is the biggest change to the Treasury and Cash Management (TCM) function brought about by the pandemic?

Treasury 98

Treasury Cash Management Restructuring Accounts Payable 98

PYMNTS

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Open Banking. While Canada has not yet enacted open banking regulatory requirements, much like the U.S.,

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

PYMNTS

OCTOBER 20, 2020

In the bid to modernize B2B payments , accounts receivable (AR) and accounts payable (AP) need to work together. Garfield said that if the banking industry can get more spending on cards, put lower interchange rates in place, pay out buyers and make the financials work across the ecosystem, then acceptance rates will improve.

B2B 104

B2B Accounts Payable Treasury Invoicing 104

PYMNTS

JUNE 23, 2020

The accounts payable (AP) automation market is expected to grow from $1.6 Banks can also build deeper loyalty with their customers by catering to business clients’ interest in automating accounts payable. FI-FinTech partnerships can take various forms, depending on banks’ needs and budgets. billion by 2024.

Accounts Payable 85

Accounts Payable Invoicing Treasury SAP 85

PYMNTS

FEBRUARY 1, 2021

If at that time, someone would have asked Citi Managing Director and Global Head of Domestic Payments and Receivables Anupam Sinha how long it would take for corporate treasury organizations to fully embrace digital , he said his answer would likely have been something along the lines of, “Don’t hold your breath.”. he explained.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

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. Businesses that want to get these kinds of AR and AP updates and streamline their reconciliation processes may turn to banking partners for help.

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

PYMNTS

SEPTEMBER 15, 2020

Postal Service have added yet another hurdle to the payment method, which can affect everything from accounts payable (AP) to payroll to insurance disbursements. First Horizon Mixes Rails for Faster Treasury Payments. Mastercard Leads Central Bank Digital Currency Test.

Currencies 105

Currencies Accounts Payable Treasury B2B 105

PYMNTS

OCTOBER 27, 2016

Bank’s latest offering for corporate treasurers aims to simplify the shift from manual to virtual B2B payments. The bank announced Wednesday (Oct. 26) its latest tool, APConnector, as a way to automate and digitize accounts payable, while integrating that process into existing ERP systems. Bank, reports said.

Accounts Payable 62

Accounts Payable Reconciliations Treasury B2B 62

PYMNTS

NOVEMBER 10, 2020

Businesses of all sizes struggle with capital management, regardless of whether they employ staff or seek out third parties to handle their cash flows, accounts payable (AP) and accounts receivable (AR) processes and other related tasks. Factors Affecting Working Capital Needs. Automating Capital Management.

Invoicing 87

Invoicing Accounts Payable Treasury Sales 87

PYMNTS

SEPTEMBER 4, 2018

A new report from Deutsche Bank suggests that even if adoption of accelerated payments remains muted for corporates, the trend is still affecting the enterprise and how it manages money — a fact that corporate treasurers must pay particular attention to. It’s not huge, but it’s not dismissible, either.

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

DECEMBER 28, 2020

And as FinTechs continue to challenge banks, but also offer new opportunities within the B2B space, they’re advancing a corollary to the build vs. buy question: How about partnerships? Banks have been creating their own IT scripts and technology stacks for decades. Where The Banks Are Focused . Cost is only one consideration.

B2B 86

B2B Accounts Payable Treasury Reconciliations 86

PYMNTS

JUNE 19, 2020

Businesses that have stuck with paper-based accounts payable (AP) processes are feeling the heat as the COVID-19 pandemic makes it unsafe for staff to conduct manual invoice and payment processing from their offices. These insights indicate that many businesses are eager for change. How FIs Are Answering The AP Modernization Movement.

Accounts Payable 61

Accounts Payable Invoicing Banking Budgeting 61

PYMNTS

JANUARY 14, 2021

Today in B2B payments, Citi announces its news Treasury and Trade Solutions (TTS) head, while Rho lands new funding and adds accounts payable to its business banking technology. Citi Taps Khaliq to Lead Treasury and Trade Solutions. Medius and Pagero Team on Digital Invoice Management. “The Sweep Raises $1.2

B2B 56

B2B Accounts Payable Banking Invoicing 56

PYMNTS

NOVEMBER 25, 2020

This could mean adopting new accounts payable (AP), accounts receivable (AR) and other treasury strategies and technologies, for example. The Deep Dive examines how technologies like application programming interfaces (APIs) and webhooks can help firms and their banks overcome these hurdles. About The Report.

Invoicing 95

Invoicing Accounts Payable B2B CFO 95

PYMNTS

NOVEMBER 11, 2020

Back office modernization is in the spotlight like never before, and solutions that streamline accounts payable (AP) and accounts receivable (AR) functions are in high demand. Many changes in liquidity demands are seasonal, such as around the holidays, when businesses see higher sales and inventory reordering.

Invoicing 87

Invoicing Accounts Payable Treasury Reconciliations 87

PYMNTS

MAY 16, 2016

Between treasury management, accounting, invoicing, cash management and all the other money tools corporates have access to today, it’s a wonder CFOs can keep their heads on straight. It’s changed the game, not only for corporate clients but for the FinTech players developing and offering these treasury solutions.

Treasury 41

Treasury Cash Management Accounts Payable Banking 41

PYMNTS

SEPTEMBER 17, 2019

Chase Accelerates SMB Bank Deposits. SMBs using the WePay platform can now see funds deposited into their Chase bank accounts the same day without extra fees, a feature resulting from JPMorgan ’s acquisition of WePay in late-2017. Community Banks Go Real Time. FinTechs Move Money To Vendors Faster.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

PYMNTS

OCTOBER 16, 2020

Treasury or cash management services that used to be fast enough may therefore no longer be adequate as businesses fight to stay afloat during the economic downturn. Most banks, businesses and treasurers have been aware of checks’ challenges for several years. Breaking Away From Checks . Breaking Away From Checks . billion in 2016.

Treasury 76

Treasury B2B Accounts Payable Cash Management 76

PYMNTS

JANUARY 14, 2021

Plus, new concerns mount in Sweden over the rise of Central Bank Digital Currencies and their implications for the traditional banking system. Wells River Savings Bank Joins The RTP Network. Modern Treasury Raises Funding To Accelerate B2B Payments. Modern Treasury Raises Funding To Accelerate B2B Payments.

Accounts Payable 62

Accounts Payable Treasury Currencies B2B 62

PYMNTS

OCTOBER 21, 2019

Bank of America is rolling out a new solution for professionals in accounts payable departments to automatically choose which payment method to pay their suppliers. According to BofA Merrill Head of Channels and Global Commercial Banking for Global Transaction Services Hubert J.P.

Accounts Payable 40

Accounts Payable Banking Treasury B2B 40

PYMNTS

DECEMBER 1, 2020

We discover a basic truth upon reading PYMNTS November 2020 CFO’s Guide To Digitizing B2B Payments done in collaboration with Comdata : many treasury operations need digital triage. with more than 140 American banks implementing such payments so far this year — an increase of more than 500 percent since September 2019.

Treasury 64

Treasury Accounts Payable B2B Invoicing 64

PYMNTS

JANUARY 7, 2021

Rather than the transaction originating within an enterprise resource planning (ERP) or treasury management system, application programming interfaces (APIs) have shifted the perception of where a payment starts and ends. As Thakur noted, the opportunity to consolidate complex systems through treasury and banking integrations is vast.

B2B 97

B2B Accounts Payable Treasury Corporate Finance 97

PYMNTS

JUNE 6, 2019

Many accounts payable ( AP ) departments are still burdened with manual, paper-based payment processes, or have implemented payment automation solutions only to find that the benefits weren’t as significant as they’d hoped. Thus, accounts payable management is all too often more art than science.

Accounts Payable 71

Accounts Payable Accounting B2B Treasury 71

PYMNTS

OCTOBER 19, 2020

Economic challenges brought on by the COVID crisis have heightened the need for businesses to manage supply chains more efficiently, and in many cases that means turning to banks for the help they need. Banks can provide alternative, low-cost and less document-intensive forms of financing, like supply chain financing,” Gupta said.

Finance 60

Finance Banking Accounts Payable Invoicing 60

PYMNTS

SEPTEMBER 29, 2020

Accounts payable (AP) is undergoing its own digital shift as companies modernize a B2B payments ecosystem that until recently was surprisingly paper-based despite five solid years of serious innovations on the part of financial institutions (FIs) and FinTech.

Accounts Payable 66

Accounts Payable B2B Treasury Accounting 66