PYMNTS

NOVEMBER 26, 2019

Accounts payable (AP) automation is beneficial, and even necessary, for many businesses still bogged down by paper. It’s an expansion of Billtrust’s offering that aims to improve accounts payable processes by tackling supplier-side friction. Tipalti Collaborates To Ease Vendor Acceptance.

Accounting 64

Accounting Accounts Payable B2B Reconciliations 64

PYMNTS

DECEMBER 11, 2019

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. That’s because AR and accounts payable (AP) processes are intrinsically connected. “The person receiving it is just happy to get paid.”

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

JUNE 17, 2020

Once booked, the trip can be paid for via the Expensify Card, with transaction details automatically captured for reconciliation and reporting. The integration also supports automated reconciliation and cash flow management, the companies noted in a press release. Amadeus B2B Wallet Expands Functionality.

Reconciliations 67

Reconciliations Accounts Payable B2B Risk Analysis 67

PYMNTS

JULY 10, 2020

Although commercial card products can offer working capital benefits on both ends of the B2B transaction, adoption lags behind other digital payment methods in accounts payable (AP) departments. In addition to heightened visibility and access to reconciliation data, corporate cards connect businesses to a valuable line of credit.

Entertainment 80

Entertainment Accounts Payable B2B Reconciliations 80

PYMNTS

AUGUST 13, 2019

importer told the publication of its reliance on surcharges to mitigate the risk of currency fluctuations. At the same time, however, these events also raise awareness as to the importance of currency risk management and hedging strategies. But that, he said, is also one of the largest challenges in this market.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

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 information flow comes in on a real-time basis, rather than through the typical process of month-end reconciliation. The Advantages.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

JANUARY 22, 2021

In the accounts receivable (AR) function, Franco noted that Nurx implemented lockboxes in order to centralize the receipt of paper checks from insurance companies. But on the accounts payable (AP) side, the company also saw the opportunity to shift from checks to digital payment methods to pay vendors.

Healthcare 74

Healthcare B2B Prioritization Accounts Payable 74

PYMNTS

OCTOBER 28, 2020

Expense management and accounts payable (AP) automation company Emburse has rolled out Emburse Cards and Tallie Travel to offer a simple way for clients to handle their travel and out-of-pocket expenditures, according to a Wednesday (Oct. 28) announcement.

Accounts Payable 49

Accounts Payable Reconciliations Currencies Accounting 49

PYMNTS

MAY 24, 2016

Globalization has led to globalized businesses, and the rise of globalized business has led to always-on and, hopefully, real-time status of payments and other functions that are crucial across currencies and time zones. That leads to the necessity of payments taken across a variety of methods and with far-flung reconciliations.

Accounts Payable 40

Accounts Payable Reconciliations Compliance Currencies 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. Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

PYMNTS

DECEMBER 12, 2019

That’s surprising for several reasons, and here’s a good one: nearly 70 percent of accounts payable (AP) professionals say suppliers value payments speed above all. Western Union’s trio of new APIs can perform a P2P transfer function, as well as send money to business accounts or Western Union agents in local currency.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

MARCH 8, 2018

In Australia, a hospitality company is putting blockchain solutions to work on payment reconciliation. The platform is designed to deploy smart contracts to help hotel companies reconcile both accounts receivable (AR) and accounts payable (AP) tasks.

Education 43

Education Accounts Payable Reconciliations B2B 43

PYMNTS

SEPTEMBER 4, 2018

The report cited research from Euromoney in which more than two-thirds of organizations said they would be interested in adopting a tool that provides automated, 24/7 currency conversion solutions based on real-time FX rates.

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

AUGUST 3, 2018

Complexity reigns when payments are sent across currencies and borders. Tracking those bookings and paying out to those various endpoints is complicated, especially along cross-border and multi-currency corridors. That option allows them to aggregate more payments together, but still maintain the reconciliation data.

Reconciliations 40

Reconciliations Accounts Payable Currencies Accounting 40

PYMNTS

FEBRUARY 12, 2018

Invoices still need to wind their way through the enterprise procurement and accounts payable departments, often taking 30, 60, 90 and sometimes as many as 120 days for the supplier to get paid. When Bob the builder’s invoice hits P&G’s AP department, they approve it and then do the account reconciliation.

Accounts Payable 43

Accounts Payable Invoicing Accounting Reconciliations 43

PYMNTS

NOVEMBER 16, 2017

That need is pushing businesses to integrate technologies into their supply chain management systems to match payments, invoices and POs, for instance, for automated reconciliation. ” Such automation can similarly reduce invoice processing and reconciliation errors, too, he added. .

Reconciliations 41

Reconciliations Invoicing Accounts Payable Technology 41

PYMNTS

JULY 31, 2017

Cash, in the form of currency notes on hand, does not really help anyone,” Krishnan recently told PYMNTS. “It That is where the adjacent benefits such as easy access to loans and automated invoice reconciliation processing on the platform kick in and are attractive”. It is a non-productive depreciating asset.”.

Invoicing 40

Invoicing B2B Accounts Payable Cash Management 40

PYMNTS

JUNE 9, 2017

In corporate accounting, accounts payable and B2B payments, traditional FIs are slowing down innovation that could one day bring these areas up to speed with corporate payments, the executive explained. But electronic and automated payments are just one side of the overall friction in accounts payable, Dahl said.

Accounting 43

Accounting Technology Accounts Payable Invoicing 43

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