PYMNTS

MARCH 16, 2020

In addition, the deal will allow better reconciliation of payments with the matching invoices. Risk will be less of an issue because of the increase in transparency and tighter control on foreign exchange payments, along with the currency exposures for those with stake in procurement and treasury.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

DECEMBER 1, 2020

FinTech firms Cobase and Ebury are now working together to roll out Ebury's foreign exchange services on Cobase's multi-banking platform, according to a press release. In addition, users will be able to access real-time statuses for transactions and reporting, letting automation happen for the reconciliation process, the release says.

Foreign Exchange 58

Foreign Exchange Treasury Reconciliations Invoicing 58

PYMNTS

JULY 18, 2016

To that end, payments technology firm Ixaris is teaming up with Amadeus as a partner to develop the latter’s B2B Wallet Prepaid offering, helping to further the use of virtual cards.

B2B 40

B2B Foreign Exchange Reconciliations Technology 40

PYMNTS

MAY 13, 2020

Preserving trade flows of particular importance in the healthcare sector today, with cross-border B2B payments essential to this effort. Paving Way For Faster B2B Payments. In all cross-border B2B payment scenarios, transparency is also critical to promoting efficiency. to multiple vendors in China to facilitate PPE procurement.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

JULY 8, 2016

With nearly $50 million in venture capital funding for B2B startups this week, the field didn’t fare too bad. Cross-Border B2B Payments. “It can take days for the money to reach its destination, and the transfer and foreign exchange fees are excessive and often prohibitive to SMEs.” ” Logistics.

B2B 40

B2B Startups Foreign Exchange Invoicing 40

PYMNTS

MAY 20, 2019

TransferMate Global Payments, the cross-border B2B payments provider, announced Monday (May 20) it inked a deal with Wells Fargo to deliver its Global Invoice Connect platform for U.S. based international businesses. In a press release , TransferMate said its Global Invoice Connect Platform enables U.S.

Invoicing 53

Invoicing Foreign Exchange Reconciliations Currencies 53

PYMNTS

JULY 9, 2019

Most said they manually manage intercompany processes like reconciliation, while ad-hoc functions are also common. Foreign exchange management comes with a host of friction points for corporate treasurers, with many of those points considered low-hanging fruit for open banking and data integration. The FX Opportunity.

Foreign Exchange 60

Foreign Exchange Banking Currencies Accounting 60

PYMNTS

JANUARY 20, 2021

Thanks to this agreement we can now offer JAGGAER customers and their suppliers improved tracking, reconciliation and speed of processing or receiving cross-border transactions in 134 currencies,” JAGGAER CEO Jim Bureau said in the announcement.

Foreign Exchange 57

Foreign Exchange Reconciliations Strategic Planning Currencies 57

PYMNTS

AUGUST 13, 2019

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. Last month, reports in the Financial Times made clear that businesses will increasingly be faced with decisions they must make about how to manage foreign exchange volatility. Reports Monday (Aug.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

OCTOBER 6, 2016

The bank has just added a new feature that notifies CFOs and treasurers of payments ready for authorization and now supports authorization of cross-border payments, as well as foreign exchange rate booking, reports said. ” Hijazi also pointed to the added benefits of mobile at the time of the report.

Foreign Exchange 63

Foreign Exchange Reconciliations Cash Management Treasury 63

PYMNTS

DECEMBER 11, 2019

As the open banking business model permeates into the B2B financial services market, FinTechs and traditional financial institutions continue to find new use cases for API integrations and connectivity to elevate the business-user experience. Just Cashflow Taps Ebury for FX. In the latest demonstration of FinTech-to-FinTech integration, U.K.

Banking 52

Banking Foreign Exchange Reconciliations B2B 52

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. This trend was recently highlighted by Laura McGortey, BNY Mellon’s director of strategic partnership solutions.

Banking 41

Banking Foreign Exchange B2B Accounting 41

PYMNTS

FEBRUARY 8, 2019

7), while also helping SMBs save on foreign exchange (FX) costs. ” In another statement, Caxton FX Director of Treasury Solutions and Partnerships Andy Demetriades said small businesses that make purchases across borders often struggle with unexpected FX fees, “while expense reconciliation post-travel can be problematic.”

Currencies 61

Currencies Foreign Exchange Reconciliations Treasury 61

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

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. It’s no secret that transactions done between businesses, or across borders, can be mired in manual tasks.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

JUNE 29, 2018

Physical currency can be problematic for a variety of reasons, though, including that employees might not get the best foreign exchange rates. Solving The Reconciliation Riddle. According to Kilby, they can also make reconciliation simpler for employees. It can end up taking a huge amount of time.”.

Reconciliations 43

Reconciliations General Ledger Foreign Exchange Currencies 43

PYMNTS

APRIL 14, 2020

As a treasurer, maybe you would conquer the first few things, which are visibility and reconciliation, and then you would move into other niche areas that you want to automate further to add strategic value to the business.”. “Digitization is not about reaching a destination as you are constantly pushing the envelope,” Rangachari said. “As

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

MARCH 1, 2018

The B2B ground transportation segment also has to cater to the differing corporate cultures around the world. Mac acknowledged a “learning curve” when entering into such an ecosystem of differing rules, language barriers and foreign exchange demands — the latter of which can also significantly complicate the expense management process.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40

PYMNTS

JULY 2, 2018

The new card partnership, however, is not Amex and Amazon’s first collaboration — they had previously worked together on an earlier initiative to enhance small businesses’ access to spend data when making purchases on Amazon Business, Amazon’s B2B eCommerce unit. The new card product will expand that functionality when it hits the market.

Foreign Exchange 41

Foreign Exchange Banking Reconciliations Accounting 41

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

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Faster Payments. Open Banking. Bank-FinTech Collaboration.

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

PYMNTS

DECEMBER 15, 2020

In B2B payments, added Visa Direct Vice President of Global Segments and Market Development Tim Summers , businesses don't care exactly how funds get from Point A to Point B, but the rails that facilitate the movement of funds must do so seamlessly. When we think about rails, we think about them as a means to an endpoint," he said.

Foreign Exchange 94

Foreign Exchange B2B Reconciliations Banking 94

PYMNTS

JULY 8, 2020

With commercial cards an increasingly popular choice in the B2B payments space, industry innovators are exploring pockets of opportunity to drive adoption through mitigating friction. Below, PYMNTS rounds up the latest in commercial card innovation as solution providers continue to drive up card usage in B2B payment scenarios.

Finance 52

Finance B2B Foreign Exchange Reconciliations 52

PYMNTS

MARCH 5, 2019

ONPEX enables the integration via API to support global payments and foreign exchange functionality for Wirexend and its customers, allowing businesses to make payments and convert funds in their accounts to different currencies.

Foreign Exchange 46

Foreign Exchange Currencies Reconciliations Accounting 46