PYMNTS

DECEMBER 31, 2020

From the back-office bean counter to the overseer of cybersecurity and anti-money laundering (AML) compliance, the modern corporate treasury has undergone an extreme makeover in recent years that goes well beyond its historic roots in cash management. JPMorgan: Real-Time Treasury A Key Driver Of Corporate’s Loyalty.

Healthcare 115

Healthcare B2B Foreign Exchange Treasury 115

PYMNTS

FEBRUARY 1, 2021

Cash Flow Implications. Today, one of the biggest challenges in payroll is compliance, especially considering the ever-changing regulations around minimum wage, benefits and taxes on both the state and federal levels. But there are other shifts in the payroll space with significant implications for company cash flow.

Accounts Payable 98

Accounts Payable Compliance Corporate Finance Cash Management 98

PYMNTS

OCTOBER 21, 2016

According to Dion Global Solutions , which provides banks with software to maintain compliance with regulations like PSD2, FIs aren’t exactly ready for this next phase in payments speed. ” Plus, the path to compliance won’t end for banks once they integrate real-time payments capabilities into their offerings.

Banking 77

Banking Compliance Cash Management Securities 77

PYMNTS

SEPTEMBER 22, 2016

Part of the problem, says Pegasystems Senior Director of Risk, Compliance and Onboarding for Financial Services Reetu Khosla, is that KYC and other regulations change so frequently and are so numerous that it’s a major undertaking to remain compliant. ” Khosla said. On Tuesday (Sept.

Banking 75

Banking Compliance Prioritization Auditing 75

PYMNTS

FEBRUARY 22, 2017

Nearly 80 percent of businesses surveyed in that report said they have taken some type of measure to make up for the cost of compliance, with Basel III cited as having the greatest negative impact for businesses. Virtual accounts, he said, “have proved valuable in helping our clients take a more holistic approach to cash management.”

Accounting 54

Accounting Banking Cash Management Compliance 54

PYMNTS

JUNE 12, 2017

Strategic Treasurer and Bottomline Technologies recently published a joint report on the B2B payments landscape: B2B payments + WCM Strategies. Globalization brings new opportunities for businesses but gives rise to new complexities, including cross-border payments, compliance, risk mitigation and accounting. Globalization.

Banking 60

Banking B2B Currencies Cash Management 60

PYMNTS

DECEMBER 11, 2019

Those pain points expand far beyond the retailer’s walls, too, as these businesses are forced to figure out how to utilize high volumes of cash to make payments to their B2B suppliers. Traditionally, B2B commerce is conducted over the phone and via email. An Emerging Late Payments Problem. “Sometimes they forget.

B2B 52

B2B Invoicing Accounts Payable Compliance 52

PYMNTS

JUNE 22, 2016

Oil and gas is big business, with monumental funds at stake when it comes to B2B transactions. And as one of the largest industries impacting the global economy, the oil and gas sector must push through the pressures of high-volume cash management, regulation and even influences from its own labor force. . ” .

B2B 40

B2B SAP Accounts Payable Invoicing 40

PYMNTS

MAY 3, 2019

Researchers concluded a “large discrepancy in how multinational corporates rate the quality of their banks’ digital services in cash management and other banking functions,” with the majority of financial officers surveyed saying digital banking is a top priority when choosing a cash management provider.

Banking 51

Banking Cash Management Treasury Compliance 51

PYMNTS

MARCH 8, 2019

The developer sandbox also enables developers to access mock data from HSBC retail and corporate payment accounts in compliance with PSD2 , the company noted. The solutions can integrate with data held by HSBC, with account information, payment initiation and funds confirmation the focus of the APIs.

Cash Management 67

Cash Management Compliance Banking Accounting 67

PYMNTS

DECEMBER 5, 2019

Many of those pain points are, by now, well-known in the B2B payments space. Ingvoldstad highlighted top hurdles in employee spending, pointing to the “inconvenience” professionals face when employees are forced to use their personal cash and cards to make payments while on the clock, only to wait weeks for reimbursement.

Accounts Payable 52

Accounts Payable B2B Problem Solving Nonprofit 52

PYMNTS

OCTOBER 11, 2018

The funding will boost efforts in the cash management solutions space, spanning virtual accounts, FX conversions and an API with real-time execution of FX trades. Corda’s blockchain had been the foundation of a Know Your Customer (KYC) compliance application that had been tested earlier this year by a group of 39 FIs.

Cash Management 77

Cash Management Compliance Banking Investments 77

PYMNTS

JULY 3, 2019

Inworks first launched in this space, offering industry firms a way to slow down healthcare firms’ cash outflows by connecting hospitals to capital to finance unpaid invoices, or by facilitating dynamic discounting programs — both of which can bolster cash flow.

Accounts Payable 46

Accounts Payable Healthcare Invoicing Compliance 46

PYMNTS

JULY 21, 2020

With barriers to globalization coming down and new opportunities for growth discovered, corporate treasurers and CFOs are stepping into unfamiliar territory with their cash management operations.

Treasury 64

Treasury Cash Management Data Analysis Banking 64

PYMNTS

JANUARY 22, 2019

The technology is proliferating financial markets, particularly for some of the world’s largest financial institutions in need of enhanced compliance solutions.

Corporate Finance 77

Corporate Finance Finance Data Analysis Accounting 77

PYMNTS

JULY 31, 2017

Joining in that disruption, Onymy Infocomm recently announced news that it has just launched PayBee , a platform that supports B2B payments for both buyers and suppliers, as well as invoice management and transparency into transactions that, according to the firm, can support enhanced cash management for SMEs.

Invoicing 40

Invoicing B2B Accounts Payable Cash Management 40

PYMNTS

JUNE 7, 2018

According to Arro, sole traders are an underserved demographic in the financial services market, often forced to rely on personal account services with inadequate cash management, tax and compliance offerings.

Accounting 53

Accounting Cash Management Compliance Banking 53

PYMNTS

SEPTEMBER 4, 2019

The company has said that the new architecture can help companies speed time to market with new features tied to, among other offerings, cash management. Cash invested on the platform, said the company, stands at $2.7 The solution ensures compliance with the second payment services directive (PSD2).

Cash Management 53

Cash Management Data Analysis Credit Risk Risk Management 53

Bramasol

DECEMBER 13, 2021

From Bramasol's perspective as a leading SAP partner creating business management, finance, and compliance solutions for over 25 years, here are five major areas that we are watching closely and helping our clients prepare to deal with in the coming year - and beyond.

SAP 52

SAP Compliance Profit and Loss IFRS 52

PYMNTS

APRIL 3, 2019

.” In areas like foreign exchange management, trade, and cash management, working with FinTech third-party providers will be an important part of the digitization journey. Today, the report found, most treasurers prefer to work with traditional banks, thanks to their competitive advantage of customer trust and compliance.

Treasury 49

Treasury Banking Foreign Exchange Corporate Finance 49

PYMNTS

APRIL 20, 2016

Treasury management firm Reval, which provides cloud-based cash management solutions, is now linking its corporates into the SWIFT network. With the formal alliance between SWIFT and Reval, companies will have a mutually supported source of service for their bank connectivity needs.”.

Treasury 40

Treasury Cash Management Compliance Banking 40

PYMNTS

APRIL 3, 2020

There is a lot to consider, said Manish Vrishaketu, chief operating officer at supplier payments automation firm Tipalti , from vendor onboarding processes to tax compliance across borders. ” From Onboarding to Compliance.

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

PYMNTS

JANUARY 31, 2017

“As the market and regulatory environments have evolved in recent years, active treasury management has emerged as a best practice that is integral to operational efficiency, regulatory compliance and, for those who manage it effectively, an additional source of alpha.”.

Treasury 40

Treasury Cash Management Compliance Forecasting 40

PYMNTS

AUGUST 9, 2019

“We aim to support our clients by providing the products that they need in the locations where they need them,” said Brian Tomkins, HSBC ‘s European head of commercial cards, global liquidity and cash management in a statement. “We

Currencies 40

Currencies Cash Management Treasury Compliance 40

PYMNTS

JULY 31, 2018

WTOP said on Monday (July 30) that Fundera’s report revealed how common it is for small business owners to use their business credit cards for personal expenses, a practice that experts warn can lead to financial and compliance-related consequences.

Compliance 41

Compliance Cash Management Finance Banking 41

PYMNTS

MARCH 4, 2020

The core offerings to corporates across a platform such as Bottomline’s are centered on payments and cash management functions, which of course are essential for any business. Regulation and compliance might be burdens, but they can’t be excuses.”. The Use Cases.

Banking 81

Banking Cash Flow Forecasting Forecasting Technology 81

PYMNTS

AUGUST 22, 2017

The rivalry between banks and FinTechs seems to be morphing into a B2B ecosystem of collaboration , but the latest joint initiative between KeyBank and Billtrust goes a step further: In addition to launching a partnership, KeyBank has also revealed news that it made a strategic investment in the accounts receivable FinTech.

Accounting 43

Accounting Banking Invoicing B2B 43

PYMNTS

NOVEMBER 30, 2017

That gap in implementation time could lead FIs to delay compliance with their SCA obligations but, because many aspects of PSD2 are closely tied to the incoming SCA rules, banks should ensure they’re ready for both regulations to come into force.

Banking 43

Banking Compliance Cash Management Securities 43

PYMNTS

MARCH 2, 2016

It’s an error-prone process, the report added, with banks still handling the cost of compliance, payment processing and FX. But additional cost burdens can stem from currency hedging, treasury operations, liquidity, the cost of manual intervention in case of error and compliance, especially when it comes to Basel III.

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

PYMNTS

JUNE 21, 2016

Nearly 80 percent said they had taken some kind of measure to make up for the financial cost of compliance. Half pointed to increased bank capital charges as the legislation that has led to an increased cost of compliance or other challenges for the business over the last few years.

Economics 40

Economics Compliance Finance Auditing 40

PYMNTS

OCTOBER 19, 2016

“Having experienced several years of increasingly onerous compliance burdens, several treasurers express frustration with some pieces of regulation that are seen as creating a lot of work without delivering any perceived benefits, such as greater transparency or stability in the financial system,” the report noted.

Treasury 70

Treasury Prioritization Economics Leadership 70

PYMNTS

APRIL 12, 2016

Nonprofits can face greater pressure than their for-profit peers when it comes to compliance. Making sure the books add up properly is key to keeping their legal nonprofit status, and that means cash management is paramount. Finally, the fourth major benefit of virtual cards is better cash management, stated Vendor Centric.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

SEPTEMBER 19, 2017

Eighty percent of treasurers surveyed identified cash management surveys as the top area under review, followed by liquidity solutions, payables, FX and commercial lending.

Banking 43

Banking Cash Management Compliance Technology 43

PYMNTS

JUNE 10, 2016

While cybersecurity is paramount for any corporation, banks face significant compliance issues when their data (and their clients’ data) isn’t secure. This heightened demand for security is what Cotter said sets financial institutions apart from other verticals when it comes to procurement and supplier management.

Banking 41

Banking Risk Management Cash Management Compliance 41

PYMNTS

MAY 22, 2017

65 percent of accountants say technology is very important for them to provide adequate services to their SME clients beyond compliance — meanwhile, nearly the same amount of small businesses themselves, 62 percent , say added value is an important factor when choosing their own accountant.

Technology 44

Technology Accounting Compliance Cash Management 44

PYMNTS

JULY 22, 2020

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.

Treasury 66

Treasury Cash Management Compliance Startups 66

PYMNTS

FEBRUARY 26, 2016

Business owners may be experts in their particular industries, but that doesn’t mean they’re always familiar with some of the back-end processes of running a company, like cash management and investing. When launching a small business culminates in an entrepreneur ready to sell, this lack of financial literacy can spell problems.

Foreign Exchange 52

Foreign Exchange Valuation Currencies Sales 52