PYMNTS

AUGUST 13, 2019

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. importer told the publication of its reliance on surcharges to mitigate the risk of currency fluctuations. The continuing uncertainty over Brexit and geopolitical volatility in the U.K. Reports Monday (Aug.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

MARCH 16, 2020

Buyers will be able to pay suppliers in their own countries’ currencies with ease, according to the release. 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

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.”.

Treasury 84

Treasury Foreign Exchange Accounts Payable Currencies 84

PYMNTS

OCTOBER 22, 2020

Companies are therefore reconsidering their accounts payable (AP) and accounts receivable (AR) strategies, including everything from how they place orders to how they pay for them. Vendors that want to reach business clients overseas must have the right strategies and tools in place to tackle various concerns.

Invoicing 63

Invoicing B2B Foreign Exchange Accounts Payable 63

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

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. Real-time payment capabilities enable businesses to take advantage of faster currency conversions and real-time FX rate management.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

FEBRUARY 5, 2020

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. That includes having the right payment choices in place, as gig workers want to be paid in their home currencies, McGuire noted. The Advantages.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

MARCH 19, 2020

FinTechs and banks continue to develop new solutions to address many of the biggest pain points of global business payments, from speed to foreign exchange. In that initiative, i2c processes multi-currency payments on the FinTech’s new B2B Airwallex Borderless Card, which uses the Visa rails to bring the solution to scale.

B2B 95

B2B Foreign Exchange Accounts Payable Currencies 95

PYMNTS

JANUARY 13, 2017

12) that the application process for its incubator is now open, with CSI Kick Start looking for companies innovating in the areas of virtual cards, ACH, foreign exchange and other B2B payments issues, like fraud and digitization. The company said Thursday (Jan.

B2B 49

B2B Foreign Exchange Accounts Payable Startups 49

PYMNTS

MAY 5, 2016

CSI will lend its digital accounts payable solutions, while Cambridge will add in its payments technology, generating a Web portal to issue and settle cross-border payments. The solution supports payments sent via ACH, wire transfer, check or virtual card, the companies said, and can function across more than 140 currencies.

Foreign Exchange 40

Foreign Exchange Accounts Payable B2B Invoicing 40

PYMNTS

OCTOBER 23, 2019

Bank of America similarly debuted an Accounts Payable Optimization tool that enables AP professionals to automatically choose which payment method is most appropriate for their vendors based on factors like supplier acceptance and preference. Start From Scratch.

B2B 40

B2B Accounts Payable Foreign Exchange Treasury 40

PYMNTS

SEPTEMBER 4, 2018

Apart from supplier payments, the shift could have significant impacts on foreign exchange conversions for faster hedging, real-time investments, faster risk-mitigation capabilities and real-time visibility into more accurate cash positions. “As

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

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

DECEMBER 15, 2017

On a good day, managing the ebb and flow of supply chains, accounts receivable and accounts payable can be challenging; on a bad day, juggling all those spinning plates becomes a nightmare. Managers can pull invoices in via a data feed, categorize them (say, by Japanese clients) and view reports in multiple currencies.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

PYMNTS

OCTOBER 22, 2019

They frequently face delays and rack up fees as they pass through multiple FIs, and parties making these payments often wrestle with currency conversions and value fluctuations. Ripple reportedly completed payments in about two minutes on average and enabled FIs in the trial to avoid 40 percent to 70 percent of foreign exchange costs.

B2B 41

B2B Foreign Exchange Accounts Payable Banking 41

PYMNTS

APRIL 18, 2016

“From a cost standpoint, there is significantly more friction doing business cross-border than there is domestically,” he stated, “from the coordination between buyer and seller, accounts payable and accounts receivable processes and being able to coordinate information flow with money flow.”. Payments And Data Become One.

Foreign Exchange 40

Foreign Exchange Invoicing B2B Currencies 40

PYMNTS

JULY 18, 2016

At the same time, WU Business Solutions said the firm will introduce a new feature for EDGE that enables cross-border payments without fees, expanding it to 51 currencies across 13 countries. The firm added that it enables businesses to unify their accounts payable, accounts receivable, invoice processing and other B2B finance processes.

Accounts Payable 40

Accounts Payable Currencies B2B Invoicing 40

PYMNTS

NOVEMBER 16, 2018

RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. Automation Anywhere.

Accounts Payable 77

Accounts Payable Currencies Foreign Exchange Startups 77

PYMNTS

JULY 10, 2019

Lisa Lansdowne-Higgins, vice president of business deposits and treasury solutions at the Royal Bank of Canada (RBC), recently told PYMNTS that these three disruptors have a significant opportunity to shake up accounts payable processes thanks to the impact they have on data. Open Banking.

B2B 62

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

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