PYMNTS

NOVEMBER 1, 2020

Corporate travel and expense management solution provider Serko has launched its Zeno Expense tool in North America, giving customers a new option for B2B travel management, a press release on the company website stated, alongside the company's Zeno Travel tool that was already available.

Reconciliations 67

Reconciliations Auditing B2B Economics 67

PYMNTS

SEPTEMBER 7, 2018

There are some B2B FinTech segments that are mainstays with investors. This week, though, investors revealed their appetite for B2B FinTech firms that can multitask. Yoco provides businesses with payment management and auditing services, targeting SMBs that struggle to get off cash and paper documents. Based in the U.K.,

B2B 43

B2B Invoicing eCommerce Reconciliations 43

PYMNTS

AUGUST 16, 2020

the newest update to its software, to help companies with faster account reconciliation, artificial intelligence, systems integration and more, a press release says. All of it will aid companies in reducing time spent on task management and audit preparation, which will help eliminate the risk of making mistakes in that area.

Accounting 67

Accounting Reconciliations Auditing Financial Reporting 67

PYMNTS

NOVEMBER 22, 2016

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.

B2B 65

B2B B2C Vendor Management Reconciliations 65

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. 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.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

APRIL 11, 2017

When Amazon announced the launch of its B2B service, Amazon Business, in the U.K. That includes line-item details, Visa said, with that data able to integrate into reconciliation tools. We are pleased to join Visa and Amazon Business in offering a streamlined purchase and reconciliation process for our clients.”.

Reconciliations 40

Reconciliations B2B Auditing Treasury 40

PYMNTS

NOVEMBER 20, 2020

While expanding internationally is the easy part, the challenge often comes in the back-office financials like invoicing , cross-border payments, accounting and reconciliation. Come auditing and tax time, maintaining compliance with all of the varying local regulations across different geographies adds an extra layer of complexity.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

JUNE 22, 2017

Even with the rise in eInvoicing and electronic B2B payments, disconnects, miscommunication and erroneous transactions plague the accounts payable department. Finding where those errors are via manual auditing can be a headache, too. Even automating the data matching or reconciliation process can miss errors, Thompson noted.

Accounts Payable 48

Accounts Payable Invoicing Auditing Reconciliations 48

PYMNTS

APRIL 10, 2019

Corporates’ biggest procure-to-pay challenges often center around the friction of streamlining data flows and the movement of money, from sourcing and purchase order submission to invoice payment and reconciliation. Audit Targets. “They are now audit targets.” That burden can come in many forms.

Compliance 55

Compliance Invoicing Auditing Accounts Payable 55

PYMNTS

AUGUST 5, 2016

Take auditing for instance. The CEO explained that, traditionally, accountants would print out reconciliations and store them in binders; auditors would then take a sample of those reconciliation documents and match those against the general ledger. “That’s an insane approach.”

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

PYMNTS

SEPTEMBER 6, 2018

Additional suggested measures included the creation of alerts on breach of control limits and unusual transactions, SWIFT transaction auditing and payment message reconciliation every one or two hours. Bank management officials should also monitor and set corporate customers’ fund and non-fund based limits.

Banking 40

Banking Reconciliations Auditing Economics 40

PYMNTS

FEBRUARY 13, 2018

A chief financial officer and his or her team can not only spend hours managing B2B payment operations, but employees can also introduce risk into every step along the way. Tipalti is really changing the way B2B payments are being done, helping companies manage their cross-border payment, supplier and compliance operations.”.

Accounts Payable 41

Accounts Payable Invoicing B2B Startups 41

PYMNTS

SEPTEMBER 29, 2017

Segregation of duties, multiple levels of approvals and daily reconciliation of all transactions are mandatory to efficiently and safely manage the treasury activities,” he said. Managing liquidity and credit risk are definitely of main concern to FIs.

Treasury 56

Treasury Banking Compliance Risk Management 56

PYMNTS

JANUARY 26, 2018

Open Banking could have a significant impact on [the] close process in that it will help automate reconciliations of cash accounts,” the executive explained. “In It could provide an added internal audit function embedded into the financial close.”. Open Banking initiatives in the EU, U.K.,

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47

PYMNTS

FEBRUARY 21, 2018

It’s surprisingly common for the information settlement mechanism like SWIFT to be on a separate ledger from the payment settlement mechanism, which is the system more likely to be scrutinized by the bank’s internal controls, as well as the various audits, including inspection by regulators.”. “In

Reconciliations 52

Reconciliations Construction Auditing Banking 52