PYMNTS

NOVEMBER 9, 2020

I think when the pandemic hit in early March, it really put a gun to the head of many companies by taking what have been Byzantine processes around accounts payable or accounts receivable and moving to much more digital means,” Jay Dearborn , president, corporate payments of WEX Inc. told PYMNTS. And apparently, he’s not alone.

Accounts Payable 109

Accounts Payable B2B Treasury Accounting 109

Future CFO

MARCH 29, 2021

FutureCFO spoke to Marcus Rex, managing director for Asia-Pacific, xSuite, for his perspective on how finance automation in general, and accounts payable in particularly, can help transform finance into a profit centre. Myths around accounts payable (AP) automation. Recurring pain points in accounts payables.

Accounts Payable 52

Accounts Payable Accounting SAP Invoicing 52

Strategic Treasurer

APRIL 6, 2022

2022 Modernizing Accounts Payable Processing Survey Results. Description : This webinar discusses the accounts payable (AP) results from the 2022 Modernizing AP & AR Processing Survey. Learning Objectives : Consider the accounts payable (AP) results from the 2022 Modernizing AP & AR Processing Survey.

Accounts Payable 52

Accounts Payable Accounting Education Planning 52

CFO News

AUGUST 13, 2023

Annual reports, account payables, treasury management, forecasting, and legal are some areas where CFOs are trying and discovering the use cases for generative AI (artificial intelligence) in their organisation.

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Accounts Payable Treasury Forecasting Finance 97

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

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 .

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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. Organizations’ accounts payable departments perform at a certain level, and then stay there. Over time, he noted, accounts payable isn’t costing money.

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Accounts Payable Accounting Invoicing Benchmarking 44

PYMNTS

DECEMBER 13, 2018

As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. “And from there, you have to go to your ERP system, your accounts receivable and accounts payable data, and normalize that data.”

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Treasury Banking Cash Management Accounts Payable 62

PYMNTS

DECEMBER 10, 2019

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. Businesses crave real-time information about their accounts payable and accounts receivable. Find the full story in the Tracker.

Treasury 52

Treasury Accounts Payable B2B Banking 52

CFO Talks

JANUARY 8, 2025

Allowing someone who primarily works in accounts payable to gain experience in forecasting or treasury provides them with a broader understanding of finance operations. For example, working with marketing on campaign budgeting can teach them how finance impacts other areas of the business.

Finance 52

Finance Budgeting Problem Solving Accounts Payable 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

Simply Treasury

SEPTEMBER 9, 2020

Treasury management is “anticipation”. 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. By working on accounts receivable, accounts payable and stock, you can improve the reliability of cash flow forecasts.

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Cash Flow Forecasting Forecasting Treasury Budgeting 130

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.

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Accounts Payable Invoicing Treasury B2B 96

PYMNTS

FEBRUARY 28, 2020

One of the latest FinTech firms to do so is accounts payable (AP) automation company Centsoft , which recently announced a data integration with QuickBooks Online. It’s one thing to enable two B2B FinTech platforms — like an accounts payable and accounting platform — to share data with each other.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

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?

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Treasury Cash Management Restructuring Accounts Payable 98

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.”.

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B2B Treasury Accounts Payable Cash Management 94

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. Bank-FinTech Collaboration.

B2B 62

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

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.

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Accounts Payable Banking Invoicing Treasury 80

PYMNTS

JUNE 23, 2020

The accounts payable (AP) automation market is expected to grow from $1.6 Banks can also build deeper loyalty with their customers by catering to business clients’ interest in automating accounts payable. billion in 2019 to $3.1 billion by 2024.

Accounts Payable 85

Accounts Payable Invoicing Treasury SAP 85

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.

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Invoicing Accounts Payable Treasury Sales 87

PYMNTS

SEPTEMBER 4, 2018

In its “ The road to real-time treasury ,” Deutsche Bank urges treasurers to get ready for a world of real-time transacting. Deutsche Bank noted that this can have multiple positive impacts on corporate treasury, including faster cross-currency payments, faster FX exposure management, and faster actions taken to address FX volatility.

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Treasury Foreign Exchange B2B Accounts Payable 44

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.

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Treasury Cash Management Accounts Payable Banking 41

PYMNTS

NOVEMBER 11, 2020

Back office modernization is in the spotlight like never before, and solutions that streamline accounts payable (AP) and accounts receivable (AR) functions are in high demand. Many changes in liquidity demands are seasonal, such as around the holidays, when businesses see higher sales and inventory reordering.

Invoicing 87

Invoicing Accounts Payable Treasury Reconciliations 87

PYMNTS

NOVEMBER 25, 2020

This could mean adopting new accounts payable (AP), accounts receivable (AR) and other treasury strategies and technologies, for example. However, businesses need to change their systems and practices before they can take advantage of more modern payment tools.

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Invoicing Accounts Payable B2B CFO 95

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

OCTOBER 20, 2020

In the bid to modernize B2B payments , accounts receivable (AR) and accounts payable (AP) need to work together. Along the journey to modernize payments, corporates should turn to their treasury bank partners as they seek to streamline back-office functions, according to the panel.

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B2B Accounts Payable Treasury Invoicing 104

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

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

PYMNTS

SEPTEMBER 17, 2019

Although new technology is appealing, treasury and finance professionals tend to stick with what works for them, and their vendors,” said AFP President and CEO Jim Kaitz. FinTechs Move Money To Vendors Faster.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

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 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.

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

PYMNTS

SEPTEMBER 15, 2020

Postal Service have added yet another hurdle to the payment method, which can affect everything from accounts payable (AP) to payroll to insurance disbursements. First Horizon Mixes Rails for Faster Treasury Payments.

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Currencies Accounts Payable Treasury B2B 105

PYMNTS

MAY 13, 2020

Accounts payable (AP) tools that provide quick, detailed oversights of businesses’ financial statuses and payments obligations can help pick up the pace of payments by keeping invoice approval processes on track. Deep Dive: Ho w AP Automation Enables More Informed Investment Decisions. Download the Tracker to read the Deep Dive.

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Invoicing Accounts Payable B2B Budgeting 79

PYMNTS

OCTOBER 16, 2020

Treasury or cash management services that used to be fast enough may therefore no longer be adequate as businesses fight to stay afloat during the economic downturn. The ongoing pandemic is also changing the status quo regarding cash flows and placing greater emphasis on quick transactions. Breaking Away From Checks .

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Treasury B2B Accounts Payable Cash Management 76

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

JUNE 19, 2020

” The senators told Treasury Secretary Steven Mnuchin about their plan to advance the proposal during a recent Small Business Committee. Even if a business has had 25 percent or 30 percent revenue loss and they have high fixed costs or accounts payable, then they’re going to be struggling as well,” he said.

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Prioritization Accounts Payable Treasury Planning 91

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

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Treasury Accounts Payable B2B Invoicing 64