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

FEBRUARY 8, 2019

Financial data technology firm Validis is rolling out a new solution designed to automate month-end reconciliation processes for small business lenders and invoice financing firms. 7), Validis said it has rolled out DataShare Reconciliation for small business lenders offering Confidential Invoice Discounting (CID).

Invoicing 46

Invoicing Reconciliations Concentration Financial Data 46

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. Nearly half of the companies surveyed by the institution said they still use spreadsheets for AR reconciliation.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

PYMNTS

JUNE 28, 2019

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. PYMNTS looks at other industry players around the globe that caught investors’ attention below.

Valuation 43

Valuation Reconciliations B2B Startups 43

PYMNTS

SEPTEMBER 4, 2018

With companies paying suppliers on strategic schedules, real-time transactions aren’t always necessary — or beneficial — for the B2B payments space. NACHA found B2B payments made up 6 percent of the nearly 2 million same-day ACH transactions that occurred in the first 11 days the service went live. In the U.S.,

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

SEPTEMBER 27, 2017

Using robotics process automation , accounting software company FloQast is rolling out a new solution to automate reconciliation processes. 26), FloQast announced news of the launch of Cloud Connect, a solution that provides near-real-time access to financial data held within in-house ERP systems.

Reconciliations 40

Reconciliations Financial Data Leverage Accounting 40

PYMNTS

JANUARY 14, 2020

percent), availability of good payments data (46.9 In PYMNTS’ 2018 The B2B Payments Tipping Point study, only one feature of Real-Time Payments was considered “very” or “extremely” valuable by more than 70 percent of firms: enhanced fraud and security. percent), improved reconciliation with enhanced data (76.7

Accounts Payable 53

Accounts Payable Reconciliations Construction Treasury 53

PYMNTS

AUGUST 5, 2016

” Outside of the accounting department, however, other parts of a business will feel the effects of automated accounting — and the access of the financial data that goes along with it. . “That’s going to be a value-add.” “That is an unbelievably antiquated way of testing anything,” Tucker stated.

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

PYMNTS

JANUARY 26, 2018

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47

PYMNTS

OCTOBER 30, 2019

The model quickly gained traction and today is accelerating its expansion into B2B financial services, too. Reports in Finextra noted that McGortey spoke of the B2B opportunity in open banking, particularly in the U.S. Though open banking is not a regulatory mandate in the U.S.,

Banking 41

Banking Foreign Exchange B2B Accounting 41

PYMNTS

MAY 23, 2017

Sage and Cashplus are integrating each other’s data to launch a new Sage tool called Bank Feeds, which means joint customers of Sage solutions and Cashplus business accounts can automate and streamline bank reconciliation to ensure accounts and records are up to date and accurate.

Banking 43

Banking Reconciliations Accounting Compliance 43

PYMNTS

SEPTEMBER 12, 2018

But they can also be extremely expensive, charging high interest rates that may lead to default and can ultimately prove even more detrimental than helpful to the financial health of the SMB.

Finance 40

Finance Accounts Payable Invoicing Reconciliations 40

PYMNTS

SEPTEMBER 8, 2016

7) said Abacus will streamline and automate the flow of financial data from transactions made with American Express cards into the Abacus platform for spend management. Their partnership, Abacus said, heightens data quality and accuracy to help businesses automate their monthly reconciliation processes.

Reconciliations 40

Reconciliations Financial Data Banking B2B 40

PYMNTS

MARCH 1, 2018

The B2B ground transportation segment also has to cater to the differing corporate cultures around the world. More recent data from Barclaycard highlighted the “consumerization” of business travel payments, meaning travelers often pay for company travel the same way they pay for business trips.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40

PYMNTS

APRIL 12, 2016

Because virtual cards are just that — virtual — they automate the payment and reconciliation processes, connecting payment data directly into financial systems. The heightened spend controls of v-cards mean better financial data and a clearer vision of cash flow. Not-For-Profit.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

PYMNTS

JANUARY 29, 2020

Offering solutions that promote workflow automation from sourcing through to payment, reconciliation and accounting is not usually part of an FI’s product roadmap. Unlocking Data to Unlock Value. P2P transactional processing is not part of a bank’s DNA,” said Cichy.

Banking 52

Banking Accounts Payable Vendor Management Reconciliations 52

PYMNTS

NOVEMBER 20, 2018

Sage and Cashplus integrated data from each others’ platforms to launch Sage’s Bank Feeds, allowing joint customers to automate bank reconciliation and digitize financial records.

Reconciliations 43

Reconciliations Currencies Accounting Banking 43

PYMNTS

FEBRUARY 15, 2019

The process through which organizations, like universities, gain that spend visibility — that is, being able to integrate financial data across platforms — opens doors to other opportunities in the higher education industry. Yet, the effort to gain a deeper view into spend isn’t simply to avoid those threats, Rotoli noted.

Education 49

Education Accounts Payable Reconciliations Prioritization 49

PYMNTS

SEPTEMBER 12, 2018

There is no shortage of FinTech firms that have emerged since the 2008 financial crisis aiming to facilitate access to small business capital, many of which target supplier and invoice financing specifically. As the industry grows, access to small business financial data is a critical component of risk mitigation and underwriting practices.

Finance 40

Finance Accounts Payable Invoicing Reconciliations 40

PYMNTS

AUGUST 9, 2019

But Wilson told PYMNTS in a recent interview that the opportunity in connecting the flow of financial data from the POS through the back office is significant in helping industry players gain cash flow visibility. At first glance, the synergies between a point of sale (POS) and accounts payable solution may not appear clear.

Accounts Payable 43

Accounts Payable Invoicing Reconciliations Finance 43