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. Even so, noted Jim McCarthy, president of i2c , no single player has quite cracked the code of cross-border B2B payments just yet – a testament to the complexity of this market.

B2B 95

B2B Foreign Exchange Accounts Payable Currencies 95

PYMNTS

OCTOBER 28, 2020

Today in B2B payments, accounts payable automation firm CPS finds a buyer. The accounts payable (AP) workforce is alerted when differences are discovered. OpenPayd Debuts Access To Quick Foreign Exchange Payments. REPAY Inks Deal For B2B AP Automation Firm CPS. 27) announcement. 27) announcement.

B2B 56

B2B Foreign Exchange Accounts Payable Invoicing 56

PYMNTS

JANUARY 28, 2021

With more emerging use cases and an increasingly accepting regulatory landscape, cryptocurrencies are gaining traction in new areas of the market, and corporate treasurers want in. Digital assets are no longer a futuristic pipe dream in modern economy. You’re starting to see the green shoots here,” said Sully. “As

Treasury 84

Treasury Foreign Exchange Accounts Payable Currencies 84

Global Finance

OCTOBER 31, 2024

million in pretax profits in 2023, and a presence in 20 markets on the continent and four global centers—empowering SMEs means fueling Africa’s economic development. Its home market of Nigeria is a poster case. SMEs account for 16% of the bank’s business, or approximately $1.5 billion, giving Banreservas a 28% market share.

Banking 52

Banking Finance Construction Foreign Exchange 52

Simply Treasury

SEPTEMBER 9, 2020

Today, not being of " investment grade " quality is an enormous handicap in the bank lending market. The bond market would appear to compensate for this lack, as do stock-market issues, although these are on the decline or still at an exceptionally low level, after a financial earthquake unique in the history of modern finance.

Cash Flow Forecasting 130

Cash Flow Forecasting Forecasting Treasury Budgeting 130

PYMNTS

NOVEMBER 16, 2018

The star of this week’s roundup is undoubtedly data: Two Robotics Process Automation (RPA) companies focusing on enterprise data analytics and automation landed a combined $565 million, while other high-value rounds were closed in the workspace sharing and asset-based lending markets. Automation Anywhere.

Accounts Payable 77

Accounts Payable Currencies Foreign Exchange Startups 77

CS Lucas

APRIL 28, 2023

Information to CS Lucas Cash flow data is sent to CS Lucas by the accounts payable and receivables modules of the accounting system. Import of AP/AR activity We import an accounts payable and accounts receivable snapshot via a flat file that conforms to our specified format.

Accounting 52

Accounting General Ledger Accounts Payable Foreign Exchange 52

PYMNTS

DECEMBER 27, 2019

China is in the midst of planning the development of its blockchain cross-border pilot platform, according to Lu Lei, the deputy head of the State Administration of Foreign Exchange (SAFE). Digital payment innovations such as RTP have given businesses more options to improve slow accounts payable (AP) processes.

Sales 52

Sales Retail Accounts Payable Foreign Exchange 52

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. Multi-currency payments from the company’s systems are automated through the connection with the international payments system of TransferMate.

Foreign Exchange 52

Foreign Exchange Accounts Payable Invoicing Currencies 52

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 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

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. This, he noted, is Mesh’s entryway to the market of cross-border B2B payments.

B2B 65

B2B Foreign Exchange Accounts Payable Reconciliations 65

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. With the rise in short-term ad hoc work, the very nature of how workers are paid is changing, too. Typically, McGuire stated, a firm operating only in the U.S.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

DECEMBER 24, 2020

These O2C challenges are only compounded for businesses that conduct cross-border B2B payments, as these firms must manage shifting foreign exchange (FX) rates, varying international regulations and other variables to ensure that orders, invoices and payments are accurate.

B2B 79

B2B Foreign Exchange Invoicing Manufacturing 79

PYMNTS

AUGUST 19, 2016

With mergers and acquisitions, industry consolidation and global growth all leading to more legal entities within a single business, it’s critical for firms to build out their supply chains or get products to market, Toppen explained. But this growth leads to an exponential increase in the volume of inter-company transactions.

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. Misinvoicing can occur anywhere, but UNCTAD focused on a few particular markets. Why It Happens.

Foreign Exchange 44

Foreign Exchange Invoicing Accounts Payable Accounting 44

PYMNTS

NOVEMBER 22, 2019

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. While financial terms of the agreements were not disclosed, Access said the agreements will support its expansion in the payroll market, particularly for SMBs.

Mergers and Acquisitions (M&A) 43

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

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

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. Businesses today face the tumult of fast-changing markets. Thus, reconciliation is automated, he said.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

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

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. The AR Focus of AP Solutions.

B2B 43

B2B Invoicing Accounts Payable Foreign Exchange 43

PYMNTS

APRIL 18, 2016

For instance, businesses need to figure out how to strike reliable partnerships in overseas markets. They’re having to look at new markets abroad, and the challenges that come with that aren’t easily solved.” Perhaps one of the broadest aspects of cross-border trade that depends on information is foreign exchange risk mitigation.

Foreign Exchange 40

Foreign Exchange Invoicing B2B Currencies 40

PYMNTS

OCTOBER 22, 2019

The cross-border business payments market is significant, as Medici research finds that international accounts payable (AP) by small- and medium-sized businesses (SMBs) currently hold approximately $7 trillion, and marketplace payouts amount to about $8 trillion. International B2B Payments Pains. Mexico transactions in 2018.

B2B 41

B2B Foreign Exchange Accounts Payable Banking 41

PYMNTS

MARCH 1, 2016

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. Affirm, for instance, secured $275 million last May and, soon after, announced plans to link businesses operating over Shopify with financing.

B2B 40

B2B Foreign Exchange Accounts Payable Startups 40