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. The latter are faster, more efficient, easier to use, more secure, cheaper — and essential to transform AP departments from cost centers to revenue centers.

Accounts Payable 44

Accounts Payable Accounting Invoicing Benchmarking 44

PYMNTS

DECEMBER 10, 2019

The API system enables FIs to quickly and securely provide necessary data, saving time for all parties. Corporate treasury departments, for one, have a strong need for modern services that can help treasurers quickly and accurately pull data from many different banking portals. What Corporate Treasurers Want From Bank APIs.

Treasury 52

Treasury Accounts Payable B2B Banking 52

Future CFO

APRIL 21, 2021

So, what does the New Accounts Payable department look like? The new accounts payable department has a more intense focus on cash flow and payment terms and takes a more disciplined approach to its financial processes to work toward optimising the cash conversion cycle. What has changed, and what changes are here to stay?

Accounts Payable 40

Accounts Payable Accounting Invoicing Treasury 40

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

NOVEMBER 25, 2020

This could mean adopting new accounts payable (AP), accounts receivable (AR) and other treasury strategies and technologies, for example. Firms may have difficulties adopting real-time payments, however, due to the costs involved in upgrading their existing systems and struggles to manage security.

Invoicing 95

Invoicing Accounts Payable B2B CFO 95

PYMNTS

NOVEMBER 10, 2020

“AP Optimizer is a big win for our customers and is part of our strategy to provide an integrated offering to manage accounts payables,” said Jeff Jones , head of Corporate Payment and Treasury Solutions for U.S. Bank, according to the release. With AP Optimizer, the release stated, U.S.

Accounts Payable 80

Accounts Payable Banking Invoicing Treasury 80

PYMNTS

JANUARY 27, 2021

The ability to view account balances, initiate payments and apply cash within a unified platform can yield major benefits for corporate treasurers, boosting financial visibility through bridging the usually siloed operations of banking, accounting, accounts payable (AP), accounts receivable (AR) and more.

Banking 115

Banking Accounts Payable Treasury Prioritization 115

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. This affects companies’ creditworthiness, which is crucial to helping them secure loans.

Invoicing 87

Invoicing Accounts Payable Treasury Sales 87

PYMNTS

OCTOBER 27, 2016

26) its latest tool, APConnector, as a way to automate and digitize accounts payable, while integrating that process into existing ERP systems. “APConnector removes a primary barrier to virtual card adoption: accounts payable system integration,” explained Bob Kaufman, U.S. The bank announced Wednesday (Oct.

Accounts Payable 62

Accounts Payable Reconciliations Treasury B2B 62

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

MAY 18, 2017

The rise in B2B FinTech has complicated the picture of treasury management, forcing it to rethink its position in the enterprise. But that technology has also handed treasury new tools to become even more effective at giving clarity to an enterprise’s position in its market. When a business goes international, that visibility worsens.

Treasury 40

Treasury Cash Flow Forecasting Risk Management Communication 40

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. “Our collaboration with Finrails AP gives business owners more choice, flexibility and security when it comes to making payments.”

Banking 67

Banking Accounts Payable B2B Invoicing 67

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. Speed, convenience, security. A Digital Trifecta.

Accounts Payable 66

Accounts Payable B2B Treasury Accounting 66

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 7, 2020

When used in aggregate and de-identified format to comply with privacy standards, such payment data can provide businesses with valuable insights while meeting compliance requirements and maintaining high security standards. Organizations can then wield this information to optimize their own payments and financials.

Cash Flow Forecasting 103

Cash Flow Forecasting Accounts Payable Forecasting Treasury 103

PYMNTS

AUGUST 7, 2020

Legacy payment options like paper are getting nudged out by faster better methods like credit cards, which are more cost-effective for buyers’ accounts payable (AP) teams to send and quicker for suppliers’ accounts receivable (AR) professionals to receive. Configurable And Secure For Remote Treasury.

Accounting 72

Accounting B2B Accounts Payable Treasury 72

PYMNTS

FEBRUARY 10, 2020

” The SAP add-on assists with digital payment types that have to comply with the Payment Card Industry Data Security Standard (PCI DSS). ” SnapPay handles the accounts receivable (AR) and accounts payable (AP) processes of large and mid-sized companies. . ” Fiserv posted Q4 adjusted earnings of $1.13

SAP 67

SAP B2B Accounts Payable B2C 67

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

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. Sweep Raises $1.2

B2B 56

B2B Accounts Payable Banking Invoicing 56

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). . HSBC To Staff: Stay Off Bank’s Social Media Accounts . Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc.

Accounts Payable 61

Accounts Payable Treasury Construction Accounting 61

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

MARCH 29, 2019

Equity investments reigned this week, thanks to backing for accounts payable (AP) automation firm MineralTree and treasury management company Kyriba , but it was the logistics market that saw the largest venture capital round — and secured another unicorn for the B2B startup space. MineralTree. Existing backers.406

B2B 53

B2B Startups Accounts Payable Treasury 53

PYMNTS

JANUARY 8, 2021

Fides Treasury Services , which works in multibank connectivity and communications, has rolled out new details about its plans to extend its shop for corporate treasury and finance solutions, according to a press release. The Treasury has faced questions as of late over how to minimize the losses for taxpayers under the scheme.

B2B 86

B2B Treasury Invoicing Finance 86

PYMNTS

APRIL 30, 2018

” In a survey of treasurers, cash management professionals, CFOs and other professionals in the treasury department, researchers found that nearly two-thirds of respondents (61 percent) feel they are in a better position this year to combat fraud within their organizations compared to last year. . “There is a lot more to be done.”

Treasury 59

Treasury Accounts Payable Securities Accounting 59

PYMNTS

MAY 1, 2020

In point of fact, most businesses of any size have a hybrid treasury-accounting back office where digital tools and paper instruments coexist. There is no debating the speed and accuracy of digital accounts payable (AP) and AR tools versus paper and the postal service. So are paper invoices that precede them. Paper Wait.

B2B 52

B2B Accounts Payable Accounting Treasury 52

PYMNTS

DECEMBER 18, 2020

There’s simply no longer the time or bandwidth for manual accounts payable (AP) and accounts receivable (AR). An inefficient accounts payable process can lead to the loss of potential volume discounts, require additional staff and drive up the cost of processing,” the report continued. The poll of 325 U.S.

Accounts Payable 64

Accounts Payable Invoicing Accounting B2B 64

PYMNTS

MARCH 23, 2020

The March 2020 Next-Gen AP Automation Tracker ® done in collaboration with Bottomline Technologies , contains a wealth of information and inspiration for treasury and finance executives faced with issues of reducing fraud and error, cutting costs and increasing payments accuracy across the board.

Accounts Payable 52

Accounts Payable Treasury Accounting Compliance 52

PYMNTS

JANUARY 14, 2020

In this sense, RTP may be seen as an integral part of wider efforts to streamline treasury and accounts payable operations, as well as shed the inefficiencies of manual and paper-based processes. In the latest report, however, six features were viewed this way, including fraud and security (78.3

Accounts Payable 53

Accounts Payable Reconciliations Construction Treasury 53

PYMNTS

FEBRUARY 24, 2020

Separate research from Coveware found companies paid an average of $84,116 to recover their files in Q4 2019, reports said, adding that public entities accounted for about one-tenth of 2019’s cases. Analysis of BEC complaints filed in 2019 found that BEC scams accounted for nearly half of the $3.5

Construction 65

Construction B2B Accounts Payable Invoicing 65

PYMNTS

SEPTEMBER 27, 2019

This week, two massive deals landed with B2B payments innovators at Fundbox and Tipalti, but they were far from the only players to have secured new funding. should look like,” and develop new features for its startup clients with a focus on payments and treasury management. Everledger. OfBusiness.

B2B 59

B2B Accounts Payable Startups Advertising 59

PYMNTS

DECEMBER 6, 2018

They can also benefit by reducing costs and boosting payment speed and security. Even so, many businesses worry about supplier acceptance, even though the technology can benefit them and their suppliers alike. So, what would suppliers do if they knew ePayables could do all this and more?

B2B 49

B2B Accounts Payable Leverage Treasury 49

PYMNTS

JUNE 16, 2016

A new report from Strategic Treasurer and Bottomline Technologies uncovered some of the patterns underneath fraud attacks on corporate treasuries. That means no security measures within the treasury department or at the corporate level. And most noted that their firms have an Anti-Bribery/Corruption policy in place.

Treasury 41

Treasury Accounts Payable Securities Banking 41

PYMNTS

MAY 17, 2018

Separately, the European Central Bank , based in Frankfurt, Germany, has said that it chose Openlink to provide the bank’s risk and treasury management system. Management companies and board members face a daunting challenge of paying vendors securely and on time,” stated Michael Praeger, CEO and Co-Founder of AvidXchange. “We

Banking 43

Banking Accounts Payable Treasury Currencies 43

PYMNTS

OCTOBER 29, 2019

He also noted that efforts continue to build out Citi’s trade and treasury offerings for corporate clients, which in turn should help spur continued traction within the B2B space. aiming at enabling a faster, more secure checkout experience,” as Banga told analysts, “across web and mobile sites, mobile phone apps and connected devices.”

B2B 40

B2B Accounts Payable Marketing Treasury 40

PYMNTS

OCTOBER 23, 2019

One of them is Deluxe Corporation, whose Treasury Management Solutions unit announced this week a new plug-and-play check scanner that allows users to more seamlessly begin scanning paper checks and integrating that information into back-end systems.

B2B 40

B2B Accounts Payable Foreign Exchange Treasury 40

PYMNTS

DECEMBER 27, 2019

For example, the majority of small businesses fail because they can’t match accounts payable with accounts receivable. Financial institutions (FIs), he noted, are in some sense ideally situated to provide that service, considering they issue card products, are in the ACH network and have dedicated treasury functions.

Treasury 52

Treasury Accounts Payable Securities Accounting 52

PYMNTS

JUNE 13, 2016

TD Bank Head of Corporate Products and Services Rick Burke said corporate treasurers need to begin a dialogue with their banks and financial services partners to integrate adequate security controls within their corporations. 88% of finance professionals anticipate a rise in payments fraud , said TD Bank in its latest analysis.

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Accounts Payable Corporate Finance Treasury Invoicing 41