PYMNTS

MAY 13, 2020

Late payments have always plagued business-to-business (B2B) commerce, but the problem is coming to a new head. Accounts payable (AP) tools that provide quick, detailed oversights of businesses’ financial statuses and payments obligations can help pick up the pace of payments by keeping invoice approval processes on track.

Invoicing 79

Invoicing Accounts Payable B2B Budgeting 79

PYMNTS

SEPTEMBER 19, 2018

The treasury management unit of PNC Bank is joining RippleNet, the firm said on Wednesday (Sept. PNC Treasury Management joined the Ripple cross-border payments network that uses blockchain to facilitate global transactions.

Treasury 77

Treasury B2B Invoicing Banking 77

PYMNTS

OCTOBER 28, 2020

B2B ’s pain points when it comes to payments are well known — where paper checks dominate, where even the fax machine makes an appearance. Along the way, they said, the B2B payments landscape itself will be transformed, chiefly through digitalization and verticalization. Interconnectivity And Embedded Finance.

B2B 97

B2B Entertainment Transportation Invoicing 97

PYMNTS

JULY 1, 2020

Treasury will not be rolling out a proposed emergency coronavirus funding scheme that would have sent billions to providers of supply chain finance, according to Sky News. Two months ago, the Treasury had asked for feedback on the scheme to help funnel more money to businesses hurting for cash in the pandemic.

Treasury 91

Treasury Corporate Finance Invoicing Finance 91

PYMNTS

DECEMBER 18, 2020

Something’s going to happen with paper checks, paper invoicing — the whole paper thing on a grand scale — and businesses need to be ready for that eventuality. percent),” according to the December B2B Payments Innovation Readiness Playbook. Manual processing of invoices and payment is labor-intensive. days to 42.6 percent).”.

Treasury 76

Treasury Invoicing B2B Reconciliations 76

PYMNTS

NOVEMBER 21, 2016

As Meredith noted, blockchain can be seen as “an interconnected system” that can help alleviate some of the complexity of the treasury and trade (in a B2B focus) functions of a firm. The tokens themselves cement sender and receiver identities and invoice data.

B2B 71

B2B Invoicing Treasury Securities 71

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. However, with technology in place, Rodrigues explained, treasury can be transformed to become the “24/7 investment arm, to support financial and broader goals for global companies.”.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

OCTOBER 14, 2020

Paper checks still remain part-and-parcel of B2B payments for many entities, however, something that can obscure the true state of their cash flow, and that can slow the delivery of funds to waiting employees or suppliers. Digital disbursements therefore appear to be taking a greater role in treasury management.

Treasury 103

Treasury Banking B2B Invoicing 103

PYMNTS

SEPTEMBER 28, 2020

This week's look at the latest in bank-FinTech collaboration and open banking initiatives finds treasury management in the spotlight. Commerce Bank has broadened its partnership with treasury management and order-to-cash solution provider HighRadius to augment its own offerings to corporate clients. HighRadius & Commerce Bank.

Treasury 81

Treasury Banking Cash Management Invoicing 81

PYMNTS

DECEMBER 28, 2020

PYMNTS December 2020 Global B2B Payments Playbook done in collaboration with Worldpay makes a simple, somewhat baffling observation: “Many B2B payments are [still] being made over the same rails that firms have leveraged for decades, utilizing familiar payment tools and being supported by the same pre- and post-payment systems.”.

B2B 71

B2B Cash Flow Forecasting Invoicing Leverage 71

PYMNTS

SEPTEMBER 4, 2018

“SMBs are still making rather basic changes in their business processes – shifting toward cloud solutions for CRM, invoicing, project management,” he recently told PYMNTS. The impact and ROI of electronic invoicing can be more immediate, too. “With electronic invoicing, the control of the supplier grows.

Invoicing 70

Invoicing Analyzing Data Technology B2B 70

PYMNTS

JANUARY 19, 2021

For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. Those pain points center around cash flow, manual processes (where employees match invoice and payment data), and the management of suppliers.

B2B 93

B2B Invoicing Reconciliations Treasury 93

PYMNTS

SEPTEMBER 30, 2016

B2B startups saw a little bit of everything this week when it came to venture capital. And that goes for the industries covered, too, with treasury management’s Kyriba, blockchain’s BlockApps and enterprise security’s Druva landing on the board, to name a few. Treasury Management. Expense Management.

B2B 70

B2B Treasury Startups Cash Management 70

PYMNTS

SEPTEMBER 28, 2020

This week's B2B Data Digest looks at the latest figures behind such fraud targeting corporate finance teams. 21 percent of business leaders say payment authorization and authentication are requirements when choosing a treasury management platform , a report by Citizens Commercial Banking found. Barrenechea in a statement.

Accounts Payable 96

Accounts Payable Invoicing Treasury B2B 96

PYMNTS

JANUARY 15, 2021

Investors continue to fuel the growth of the B2B technology startup community with another busy week in funding. In total, investors placed nearly $600 million for firms in the B2B payments, T&E, financial management and other B2B spaces. B2B payments FinTech Qolo has announced a $3.8 Modern Treasury.

B2B 67

B2B Finance Treasury B2C 67

PYMNTS

JANUARY 13, 2021

The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. Shields noted that accurately predicting anticipated invoice payment dates can have ripple effects throughout an organization. “No The problems are analog.

Accounting 94

Accounting Invoicing B2B Treasury 94

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. Plus, those back office platforms aren’t always integrated with each other, either.

B2B 62

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

PYMNTS

JANUARY 27, 2020

Fleet management platform Vector is expanding its Delivery-to-Cash offering with the introduction of automated invoicing and accounts receivable functionality. Load data is automatically populated into invoices, which can be combined with other delivery documents from existing treasury management portals.

Invoicing 56

Invoicing Treasury Accounting Planning 56

PYMNTS

JANUARY 14, 2021

Today in B2B payments, Citi announces its news Treasury and Trade Solutions (TTS) head, while Rho lands new funding and adds accounts payable to its business banking technology. Plus, Medius collaborates on invoice management, TravelPerk acquires NexTravel, and Sweep lands funding for T&E tools. 13) announcement.

B2B 56

B2B Accounts Payable Banking Invoicing 56

PYMNTS

JULY 28, 2020

Their hesitancy isn’t without reason: CFOs and finance teams can find it a monumental task to overhaul manual systems and processes that have been in place for years — and understanding the first step to B2B payments digitization can be a dizzying task. Strengthening B2B Ties. Expanding The Scope. Monetizing The Virtual Card.

B2B 70

B2B Reconciliations Accounts Payable Prioritization 70

PYMNTS

FEBRUARY 28, 2020

As B2B FinTech firms continue working to break down silos, and ease the numerous friction points of the B2B payments process for both buyer and seller, the opportunities for data integration are vast. “This combination increases data accuracy, and shortens payment cycles.” Going Further With Open Banking.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

SEPTEMBER 21, 2020

This week's Late B2B Payments roundup reflects the correlation between companies' financial positions and their supplier payments behavior. Now, that promise has led to a collaboration with invoice delivery solution provider Link4. Despite economic volatility, not every business is struggling.

Economics 87

Economics Invoicing Treasury B2B 87

PYMNTS

DECEMBER 11, 2019

For years, any attention given to solving B2B payments friction was typically focused on the payer. Pain points experienced by B2B vendors when collecting cash will inevitably seep into their own AP processes. However, that understanding has not traditionally been the focus of B2B payments service providers. and Turkey.

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

NOVEMBER 10, 2020

Bank has rolled out its new AP Optimizer, which is a digital tool that works to simplify invoice processing and payments for businesses, according to a press release. Digital invoicing has become popular throughout the pandemic, with WEX Inc. Bank, according to the release.

Accounts Payable 80

Accounts Payable Banking Invoicing Treasury 80

PYMNTS

NOVEMBER 20, 2019

Citi is streamlining the cross-border collections process for its corporate treasury clients, the financial institution said Wednesday (Nov. In an announcement , Citi revealed the launch of its Citi Global Connect platform, enabling corporates to accept B2B payments across borders with integrated FX capabilities.

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

PYMNTS

DECEMBER 14, 2020

Delayed and late B2B payments are a global issue, but this week's B2B Data Digest shines a spotlight on two markets that are elevating the fight against late invoice payments to small businesses. Five-day payment terms will be possible through Australia's new eInvoicing solution , the nation's Treasury announced recently.

Invoicing 75

Invoicing Treasury B2B Finance 75

PYMNTS

MAY 3, 2019

This week, the B2B FinTech startup space bucked any notion of a VC downturn with several high-value deals, and one of the busiest VC investment roundup weeks for the B2B space so far this year. Below, PYMNTS breaks down how more than $516 million in venture capital was spread across B2B FinTech firms.

B2B 64

B2B Startups Investments Invoicing 64

PYMNTS

DECEMBER 30, 2020

As treasury management becomes increasingly digital, a bank’s corporate banking clients face challenges when it comes to modernizing treasury workflows. The vast majority of treasury organizations want simple, tech-driven solutions that don’t require them to go out and make use of new products. Many-To-Many Markets .

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

PYMNTS

AUGUST 3, 2020

Real-time settlement negates the need for batch settlement, which has been the norm in corporate treasury departments and within financial institutions (FIs) for decades. “If you can make money programmable, then you can build that money into applications that optimize your processes in corporate treasury.”

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

DECEMBER 1, 2020

We discover a basic truth upon reading PYMNTS November 2020 CFO’s Guide To Digitizing B2B Payments done in collaboration with Comdata : many treasury operations need digital triage. Companies shifting to digital payment methods are overcoming many of the challenges that have historically plagued business-to-business (B2B) transactions.

Treasury 64

Treasury Accounts Payable B2B Invoicing 64

PYMNTS

OCTOBER 31, 2017

One of the biggest pro-check arguments in B2B payments today is that the payment rail lets corporate payers get a few extra days off to float cash. The beauty of paying with a check is, typically, the check is accompanied with the invoice, and all the information is there in front of you,” he recently told PYMNTS.

Invoicing 41

Invoicing Treasury Reconciliations B2B 41

PYMNTS

JUNE 23, 2020

Large companies may receive thousands of monthly invoices that must be processed quickly and economically, and firms of all sizes need to track payment obligations and issue funds. Processing vendors’ invoices can be expensive if companies lack streamlined AP systems. on average to process a single invoice in 2019, for example.

Accounts Payable 85

Accounts Payable Invoicing Treasury SAP 85

PYMNTS

AUGUST 7, 2020

The scenario of frazzled buyers negotiating extended payment terms — in many cases having to choose who gets paid and who doesn’t — has made the whole “invoice to check to envelope to swirling vortex of the unknown” thing absurd. Configurable And Secure For Remote Treasury. Who has the time for this anymore?

Accounting 72

Accounting B2B Accounts Payable Treasury 72

Global Finance

JULY 26, 2024

Clients in Brazil and Mexico can optimize working capital with Intelligent Receivables—powered by artificial intelligence—a collections tool and invoice matching tool that achieves straight-through processing metrics into the 80-90 percentile range.

Cash Management 52

Cash Management Treasury Foreign Exchange Concentration 52

PYMNTS

MAY 1, 2020

So are paper invoices that precede them. In point of fact, most businesses of any size have a hybrid treasury-accounting back office where digital tools and paper instruments coexist. For all of the happy life moments in which they appear, paper checks are unloved. Paper Wait.

B2B 52

B2B Accounts Payable Accounting Treasury 52

PYMNTS

DECEMBER 12, 2019

There is as yet no Venmo or Zelle for the $38 trillion global business-to-business (B2B) payments sector. Contrast that with the fact that well over 40 percent of B2B invoices are still paid by paper check. Citi recently made 50 APIs available to business clients, designed to connect easily with treasury software.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

OCTOBER 27, 2017

In a bit of a mixed bag for B2B FinTech venture capital (VC), investment backers stayed fairly quiet this week, racking up nearly $90 million in funding. VC firms’ largest show of support was for artificial intelligence (AI), and there was a substantial growth equity round for a veteran treasury technology firm. Invoice Bazaar.

Treasury 40

Treasury Invoicing B2B Finance 40