PYMNTS

NOVEMBER 21, 2017

The B2B payments industry continues its push to break businesses’ habit of using paper checks, but players are divided on what payment rail should take their place. In Karmic Labs’ latest white paper , “Prepaid Expense Cards: Helping Small Businesses Solve Cash Flow Dilemmas,” researchers surveyed U.S.-based

B2B 43

B2B Cash Management Reconciliations Finance 43

PYMNTS

NOVEMBER 23, 2020

Indeed, according to Fiskl CEO and Founder Alina Lapusneanu , entrepreneurs are searching for solutions that can multitask, and embrace a wide range of functionality to tackle more pain points around banking, payments and cash management — all at once. All About Cash Flow.

Finance 106

Finance Invoicing Cash Management Reconciliations 106

PYMNTS

OCTOBER 17, 2017

In B2B payments, it’s not just the movement of money that’s a pain point for companies — it’s the tracking of that payment and the ability to reconcile those transactions that can be a major headache for both payers and payees. In an announcement on Tuesday (Oct. In an announcement on Tuesday (Oct.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

NOVEMBER 7, 2017

6) that Payer ID is now available in 44 countries, as Citi brings the B2B payments tool across North America and Western Europe. The accounts receivable solution enables companies to gain visibility into incoming payments for greater working capital management, Citi explained.

Reconciliations 48

Reconciliations Treasury B2B Cash Management 48

PYMNTS

DECEMBER 30, 2020

The shift toward contextual banking has a tailwind in place as the financial institutions (FIs) that have been market leaders have been seeing strong deposit growth — and as corporate customers are growing those balances, they want to be able to see their account activity and cash balances visible within the same application on demand.

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

PYMNTS

JULY 2, 2020

Leavitt , founder and CEO of Boost Payment Solutions , said commercial card programs are now coming to the forefront of AP departments’ priority lists when delaying payments is no longer the most viable, or effective, cash management option. Optimizing Card Spend. “They’re certainly welcoming a conversation about it.”

Economics 104

Economics Accounts Payable B2B Reconciliations 104

PYMNTS

OCTOBER 2, 2019

With ongoing shifts in payments, commerce, security and transparency, corporate cash managers have a lot on their plates. The Use Case – and B2B. The opportunity is also there for B2B’s transformation, he pointed out, as use cases coalesce around the twin drivers of speed and certainty. Security is also top of mind.

Cash Management 63

Cash Management Reconciliations Treasury B2C 63

PYMNTS

FEBRUARY 1, 2021

Reconciliation Challenges. Slow reconciliation processes can result in extra costs and headaches, for example, by tying up staff schedules with tasks that could be managed by automation instead, Hagan said. That information is then easy to process for generating insights and informing cash management decisions. .

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

PYMNTS

FEBRUARY 1, 2021

Although the purpose of digitization in the finance department is, in many cases, to strengthen cash management, the effect of so many siloed systems can actually be quite different. As Berghald explained, that’s because each critical function — from invoicing to payment to accounting — all occur separately from each other.

Finance 82

Finance Invoicing Reconciliations Prioritization 82

PYMNTS

MARCH 2, 2020

According to Alex Reddish, chief commercial officer at Tribe Payments , that has led to the persistence of friction that has plagued the corporate cash management arena for decades. “In A Game of Scale.

Accounting 56

Accounting Reconciliations Profit and Loss B2B 56

PYMNTS

OCTOBER 31, 2019

It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. It’s great to get a check, or wire, or ACH, but if you don’t know what it’s to be applied to, you have a huge cash application and reconciliation challenge.”.

Reconciliations 43

Reconciliations Invoicing B2B Treasury 43

PYMNTS

JANUARY 26, 2017

Cross-border payments, trade finance, smart contracts — blockchain has the potential to disrupt B2B processes, but FinTech players are only beginning to take these concepts onto a real-world stage. For one firm, Finlync , the key to unlocking the potential of blockchain in B2B processes is unlocking the underlying data of that activity.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

OCTOBER 6, 2016

. “Business uptake of mobile payments is gathering significant pace, as the functionality and flexibility of this channel gains trust and acceptance in finance and treasury departments globally,” said HSBC Global Head of eCommerce, Global Liquidity and Cash Management Nadya Hijazi.

Foreign Exchange 63

Foreign Exchange Reconciliations Cash Management Treasury 63

PYMNTS

JULY 22, 2020

Standardization of payments messaging and enriched data, along with the immediacy of funds, has enabled real-time payments infrastructure to introduce greater value to organizations in areas like financial crime prevention and payment reconciliation. ” Driving Ubiquity. .’s

Reconciliations 90

Reconciliations B2B Cash Management Technology 90

PYMNTS

MARCH 23, 2017

Receivable Savvy, an accounts receivable and order-to-cash management firm, wants suppliers to see Same Day ACH as an opportunity to bolster cash flow. The Definitive Guide – Same Day ACH argues that not only can Same Day ACH mean faster supplier payments, but the technology presents a host of other benefits for B2B vendors.

B2B 54

B2B Invoicing Reconciliations Cash Management 54

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

NOVEMBER 4, 2016

In B2B payments, that can mean discontent in the way traditional banks and FIs do business or a need for disruptive technologies to come to market faster than banks can offer. Deals were made with B2B invoicing and payments firm Viewpost, as well as health care blockchain company Gem and natural language search technology company ClearGraph.

Treasury 79

Treasury B2B Leverage Reconciliations 79

PYMNTS

AUGUST 3, 2020

The ability of blockchain infrastructure to store data means transactions can not only be settled in real time, but can also be linked to one specific invoice, opening up the potential for automated reconciliation.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

AUGUST 1, 2019

Widespread adoption of these standards will also allow for streamlined reconciliation and cash management transparency for beneficiaries, it added. . “It will allow for rich invoice and tax information, originator and beneficiary details, and necessary regulatory information for beneficiary jurisdictions,” it said.

Reconciliations 76

Reconciliations Cash Management Invoicing Banking 76

PYMNTS

NOVEMBER 17, 2020

Boost Intercept, Boost’s straight-through processing platform, automates manual payments and reconciliation processes, making it easier for organizations of all sizes to use and accept commercial cards.

Healthcare 52

Healthcare Reconciliations Cash Management Technology 52

PYMNTS

DECEMBER 30, 2016

Executives from Payoneer, NCR, FTV Capital and Ingo Money touch upon all of these trends as they tell PYMNTS their own visions for B2B payments next year. Ultimately, these new functionalities will significantly expand the capabilities of B2B marketplaces and enable businesses to be paid in a more timely and efficient manner.”.

B2B 50

B2B Reconciliations eCommerce Banking 50

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

OCTOBER 22, 2019

Santander said the tool automates payment processing both locally and abroad to support straight through processing, while also connecting corporates to cash flow visibility via its information center, portal and mobile app. Managing Director and Head of Transaction Banking Kevin Deveaux in a statement.

Treasury 40

Treasury Reconciliations Cash Management Banking 40

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 22, 2016

In B2B payments, accounts payable automation is a hot topic, as are the challenges AP professionals face when it comes to paying suppliers and managing the data from those transactions. But a new report from Corcentric , written by the Institute of Finance & Management (IOFM), details the hurdles on the other side of the payment.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

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. Within that ambition, he said, “the only way to create real-time cash management or trading is to allow all parties to see the same pool of validated data.”.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

AUGUST 25, 2016

ING Wholesale Banking has announced a new solution aimed at corporate treasurers in need of managing cash across borders. Dubbed Virtual Cash Management (VCM), the solution, announced on Wednesday (Aug. The Virtual Cash Management tool is ING’s effort to guide treasurers into this new role, it said.

Treasury 40

Treasury Concentration Cash Management Reconciliations 40

PYMNTS

APRIL 3, 2020

Not only do businesses struggle to manually process payments, but reconciliation across payment rails is also a headache as each banking and payment provider presents information in different ways. According to Vrishaketu, this is a common occurrence for organizations struggling to automate. ” From Onboarding to Compliance.

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

PYMNTS

AUGUST 6, 2018

REPAY and InterProse added that their partnership aims to cut redundancies in their offerings, eliminating the double-posting of payments in both systems to streamline reconciliation. Their collaboration means businesses will have more ways to accept payments, including bank transfers and card products. per document.

Accounting 40

Accounting Reconciliations Invoicing Cash Management 40

PYMNTS

APRIL 14, 2020

In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cash management can find application programming interfaces (APIs) to be a useful (and even critical) tool. Age And Complexity.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

DECEMBER 2, 2020

Today in B2B payments, Amazon takes advantage of cloud adoption with expanded call center functionality, while Sage collaborates on small business cash flow management. Meanwhile, Aareal Bank launches a new B2B payments platform, Cobase teams up for FX and eCapital acquires a commercial lender. 1) announcement.

Cash Management 57

Cash Management B2B Foreign Exchange Banking 57

PYMNTS

APRIL 12, 2016

Making sure the books add up properly is key to keeping their legal nonprofit status, and that means cash management is paramount. Because virtual cards are just that — virtual — they automate the payment and reconciliation processes, connecting payment data directly into financial systems.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

JANUARY 29, 2020

When it comes to helping corporates manage their supply chains, traditional banks tend to focus on the financing aspect via trade finance, factoring or other such products. Offering solutions that promote workflow automation from sourcing through to payment, reconciliation and accounting is not usually part of an FI’s product roadmap.

Banking 52

Banking Accounts Payable Vendor Management Reconciliations 52

PYMNTS

JULY 4, 2016

More than 40 percent of companies surveyed said they operate with more than five cash management banks; a third said they are working with more than 20 banks. ” “Treasurers are trying to understand how they can do more to manage fraud,” the executives continued.

Treasury 41

Treasury Reconciliations Cash Management Banking 41

PYMNTS

MARCH 16, 2018

Sixty percent said AI could impact accounts payable and accounts receivable, while nearly half (49 percent) expect AI to enable automated reconciliation.

Accounting 53

Accounting Accounts Payable Reconciliations Leadership 53

PYMNTS

AUGUST 9, 2019

Wilson noted that while Sourcery considers ACH to be the optimal way to pay, thanks to its ability to provide valuable transaction data for reconciliation and analysis purposes, restaurants still need to use checks, often as a cash-management tactic.

Accounts Payable 43

Accounts Payable Invoicing Reconciliations Finance 43

PYMNTS

JANUARY 22, 2019

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. Hospitals can often struggle to manually reconcile cash flow coming from multiple sources.

Cash Management 73

Cash Management General Ledger Reconciliations Healthcare 73