PYMNTS

FEBRUARY 28, 2020

Purchase, invoice and transaction data are invaluable to the journey of digitization and automation, but organizations are increasingly recognizing that the value can only be realized if that data can integrate seamlessly across platforms. “This combination increases data accuracy, and shortens payment cycles.”

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

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

PYMNTS

JULY 7, 2020

With a focus on its broader treasury management offerings, People’s United is adding MineralTree’s invoice-to-pay solution and FIS’s integrated payables technology to streamline business clients’ accounts payable processes. Five Star Bank Taps Corserv Card Tech.

Banking 96

Banking Accounts Payable Treasury Finance 96

PYMNTS

JUNE 23, 2020

Large companies may receive thousands of monthly invoices that must be processed quickly and economically, and firms of all sizes need to track payment obligations and issue funds. The accounts payable (AP) automation market is expected to grow from $1.6 The accounts payable (AP) automation market is expected to grow from $1.6

Accounts Payable 85

Accounts Payable Invoicing Treasury SAP 85

PYMNTS

DECEMBER 30, 2020

As treasury management becomes increasingly digital, a bank’s corporate banking clients face challenges when it comes to modernizing treasury workflows. The vast majority of treasury organizations want simple, tech-driven solutions that don’t require them to go out and make use of new products. Many-To-Many Markets .

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

PYMNTS

MARCH 13, 2019

This stumbling block to innovation is often visible in accounts payable (AP) departments, Corcentric SVP of Sales Daniel Andrew told PYMNTS in a recent conversation. Manual, paper-based invoicing systems are objectively worse in every metric when stacked against automated, digital AP systems that leverage straight-through processing.

Accounts Payable 44

Accounts Payable Accounting Invoicing Benchmarking 44

PYMNTS

NOVEMBER 11, 2020

The Playbook also calls out “three-way invoice matching — in which staff must compare invoices to purchase orders and goods received notes,” and the frustrations that brings, but automation can reduce these stresses by matching these invoices automatically. Platforms Streamlining Mass Payables.

Invoicing 87

Invoicing Accounts Payable Treasury Reconciliations 87

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. Digital invoicing has become popular throughout the pandemic, with WEX Inc. Bank, according to the release.

Accounts Payable 80

Accounts Payable Banking Invoicing Treasury 80

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

Future CFO

APRIL 21, 2021

Manual AP invoicing has been outdated and inefficient for years now, so when business across the globe encountered significant disruptions, companies with digital transformation still on their to-do lists felt the impact on their operations far more than those already using automation. What has changed, and what changes are here to stay?

Accounts Payable 40

Accounts Payable Accounting Invoicing Treasury 40

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.”.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

PYMNTS

NOVEMBER 21, 2018

With pressure mounting for the enterprise to digitize, accounts payable automation is seen as a crucial part of achieving greater efficiency, cost savings, visibility into spend and strengthening of vendor relationships, to name a few benefits. But when it comes to money, businesses may be reluctant to hand the reins to a third party.

Accounts Payable 63

Accounts Payable Invoicing Accounting Reconciliations 63

Simply Treasury

SEPTEMBER 9, 2020

Treasury management is “anticipation”. Unfortunately, invoices do not get paid in profit, but in cash. 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. not all cash can be reported to central treasury.

Cash Flow Forecasting 130

Cash Flow Forecasting Forecasting Treasury Budgeting 130

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. Modern automation and integrations can make it unnecessary to swap between many different applications.

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

PYMNTS

OCTOBER 20, 2020

In the bid to modernize B2B payments , accounts receivable (AR) and accounts payable (AP) need to work together. Bloh said that direct connectivity can enable real-time confirmation of invoice information and real-time reconciliation of payments, among other activities. Trusted Partnerships – FinTechs And Marketplaces.

B2B 104

B2B Accounts Payable Treasury Invoicing 104

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. B2B invoices generally take 37.4 Corporate Treasury Needs More Love. are still conducted with checks.”. APIs Fostering Connectedness.

Treasury 64

Treasury Accounts Payable B2B Invoicing 64

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

SEPTEMBER 23, 2020

There will also be automated responses to vendor and supplier inquiries about invoice payment status, approval status and short pay issues, the release stated. Intelligent Planning helps boost accurate cash flow predictions, which in turn can bolster sustainable growth through well-placed strategy, the release noted.

Corporate Finance 70

Corporate Finance Finance Cash Flow Forecasting Vendor Management 70

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. Invoice processing can be slow and expensive for companies with inefficient AP systems. and took 8.6

Accounts Payable 61

Accounts Payable Invoicing Banking Budgeting 61

PYMNTS

SEPTEMBER 17, 2019

Instead, taking a look at the latest solutions to emerge on the market shows various applications for speed in commercial transactions, from faster deposits for small businesses, to virtual cards enabling faster invoice payments for suppliers. Chase Accelerates SMB Bank Deposits. FinTechs Move Money To Vendors Faster.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

PYMNTS

FEBRUARY 6, 2020

Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods. percent of AP professionals would like to implement electronic invoice solutions, 35.8 Payments are facilitated using virtual Visa commercial cards, ACH and checks.

Banking 67

Banking Accounts Payable B2B Invoicing 67

PYMNTS

JANUARY 8, 2021

PayJunction Debuts Digital Invoicing for Virtual Terminal Clients. Payment processing technology developer PayJunction has rolled out a digital invoice function for companies that harness its virtual terminal offering, according to a Thursday (Jan. 7) announcement. Fides Expands Connectivity for Finance Professionals.

B2B 86

B2B Treasury Invoicing Finance 86

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. Plus, Medius collaborates on invoice management, TravelPerk acquires NexTravel, and Sweep lands funding for T&E tools. 13) announcement.

B2B 56

B2B Accounts Payable Banking Invoicing 56

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

AUGUST 7, 2020

The scenario of frazzled buyers negotiating extended payment terms — in many cases having to choose who gets paid and who doesn’t — has made the whole “invoice to check to envelope to swirling vortex of the unknown” thing absurd. Configurable And Secure For Remote Treasury. Who has the time for this anymore?

Accounting 72

Accounting B2B Accounts Payable Treasury 72

PYMNTS

NOVEMBER 6, 2020

Handling accounts payable (AP), accounts receivable (AR), cash flows and other capital management tasks is an inescapable reality for almost every business that deals with inventory and sales, but these commonplace processes are fraught with obstacles.

Invoicing 62

Invoicing Accounts Payable Leverage Treasury 62

PYMNTS

JANUARY 13, 2021

The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. Shields noted that accurately predicting anticipated invoice payment dates can have ripple effects throughout an organization. “No The problems are analog.

Accounting 94

Accounting Invoicing B2B Treasury 94

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

Future CFO

JULY 16, 2020

Every year about 550 billion invoices are generated and processed, mostly manually, and the cost to business is staggering. Factoids : A poll of 1,485 organizations on the total cost of accounts payables (AP) found participants paying between $2.07 and $10 per invoice. Bottomline – processing invoices costs money.

Invoicing 40

Invoicing Accounts Payable Accounting Cash Management 40

PYMNTS

APRIL 30, 2019

This challenge often emerges with small businesses (SMBs) that are not large enough to fit into a bank’s corporate and treasury services unit, and are, therefore, forced into being serviced with consumer-targeted products. The financial services space often encounters the conundrum of trying to fit a square peg in a round hole.

Corporate Finance 61

Corporate Finance Accounts Payable Finance Invoicing 61

PYMNTS

DECEMBER 31, 2019

Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner. Suppliers whose invoices have not been paid quickly may deliver another invoice, leading buyers to mistakenly pay for two.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61

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

SEPTEMBER 18, 2018

When it comes to treasury market offerings, banks have historically started wholesale and retail lockbox businesses. And in another case, which Berdan said is more frequent, payments will come from an accounts payable system within the payer. As an example, Company A might receive an invoice for $10,000.

Banking 68

Banking Accounts Payable Treasury Invoicing 68

PYMNTS

MARCH 16, 2020

In addition, the deal will allow better reconciliation of payments with the matching invoices. 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

DECEMBER 18, 2020

There’s simply no longer the time or bandwidth for manual accounts payable (AP) and accounts receivable (AR). Such modernizations could help financial departments process invoices more quickly and easily.”. Since there’s no way back, the payments industry is now cutting new pathways. The poll of 325 U.S.

Accounts Payable 64

Accounts Payable Invoicing Accounting B2B 64

PYMNTS

MAY 7, 2020

Deepening ties between accounts payable (AP) and accounts receivable (AR) departments will be key to ensuring buyers and suppliers remain viable. Dynamic discounting can mean lucrative discounts on the accounts payable side, and faster payments on the accounts receivable side.

Accounts Payable 60

Accounts Payable SAP B2B Currencies 60

PYMNTS

SEPTEMBER 25, 2020

We have deep dives on the financial health of Main Street small and medium-sized businesses (SMBs), digital accounts payable (AP), and GoodRx ’s initial public offering (IPO). . Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc. 23) after the firm had an IPO at $33 per share.

Accounts Payable 61

Accounts Payable Treasury Construction Accounting 61