This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Today In B2B payments, NeweggBusiness integrates business financing and payment terms via Behalf, while Deutsche Bank expands its cashmanagement offering into Australia. Plus, GE shutters its staff audit program, and Park Place Payments partners up for small business B2B payments. 11) press release.
In a statement, Crowe Principal Jay Sutton said the company aims to combine “technology with practical expertise” to address hospitals’ financial and cashmanagement issues.
According to Rajiv Ramachandran , senior vice president of product strategy and management at Coupa , the pandemic was a “wake-up call” for many finance leaders who experienced a jolting breakdown of key functions. There were cases where some of these finance teams could not even understand what their cash visibility looked like.”.
And, payments made through PayCargo will now be able to be viewed on the AWB Changes feature in Unisys Diagnostics, the company’s solution for auditing and payment tracking. Curtis Schuler , Unisys vice president of Client Management for the Americas, said the partnership would have benefits for customers. “As
Courier invoices are difficult to audit, and Invoice-Link was created to simplify auditing and to convert non-standard charge data into an asset that pharmacies can use to manage delivery activity,” the firm explained in its announcement. It’s a solution that takes an auditing tool and makes use of the data it assesses.
Within that ambition, he said, “the only way to create real-time cashmanagement or trading is to allow all parties to see the same pool of validated data.”. The audit trail provides transparency, and smart contracts, tied as they are to permissions, help reduce the risk that cash might “accidentally” be sent to the wrong party.
Bank features will allow freight carriers new B2B payment options such as a new dashboard for better receivables visibility and a way to pay invoices much quicker, according to a June 10 press release. The coronavirus pandemic has had freight carriers looking at the ways they do business , particularly in regard to billing.
Those drivers may support the rise in consumer mobile payments, but economic factors in the Asia-Pacific region have also opened doors for B2B mobile payments to gain traction, too. MC Payment , a startup based in Singapore, is a FinTech startup in the region that is riding the B2B mobile payments wave.
The March B2B API Tracker examines the various changes hitting companies, and how they are adjusting API strategies to address them. Around the B2B API World. Deep Dive: How B2B APIs Smooth the Global Supply Chain. Find the full feature story in the Tracker. To read the Deep Dive, download the Tracker. About the Tracker.
Users can receive automated emails or texts with updated status information, with enhanced visibility also supporting auditing and reporting processes. The solution supports a single file transmission to initiate ACH, wire or check transactions, and offers clients real-time visibility into the status of each transaction.
The British audit regulator, the Financial Reporting Council (FRC), announced plans this week to break up the dominance of the largest four accounting firms: PwC, EY, Deloitte and KPMG. HSBC on the Next Phase of Treasury APIs (B2B API Tracker). The company told its clients on Monday that it was “experiencing a system-wide outage.”.
Basel III is a set of voluntary rules that impact banks’ risk management and capital requirements, among other things, and could lead to corporate challenges in accessing bank financing. Virtual accounts, he said, “have proved valuable in helping our clients take a more holistic approach to cashmanagement.”
“It’s really about the competitive advantage and time to transaction, plus auditability and consistency,” Khosla said of banks’ need to onboard corporate clients quickly, while remaining compliant — one of the largest pain points, she added, for financial institutions. ” Khosla said.
Researchers said this can lead to higher costs from accountants and a higher risk of auditing come tax time. Further, 85 percent of small business accountants said a significant challenge to their ability to do their jobs is small businesses’ mixing of personal and business expenses.
Compliance and accounting are commonly viewed as obligations that businesses prefer to complete in the most efficient and smooth way possible,” said Deloitte private audit partner Mark Wayland in another statement. “By
In the survey, the majority of businesses said they use all eight types of financing — cashmanagement tools, commercial paper, debt financing, derivatives, equity financing, long-term loans, short-term loans and trade financing — on a routine basis, while 85 percent said they use at least four of these tools.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content