PYMNTS

DECEMBER 18, 2020

For the new B2B Payments Innovation Readiness Playbook: Adapting to Cash Flow Challenges Posed by the Pandemic , a PYMNTS and American Express collaboration, researchers surveyed over 2,200 treasury executives from small to large businesses across several verticals. Manual AP/AR departments need help – badly. “The

Treasury 76

Treasury Invoicing B2B Reconciliations 76

PYMNTS

OCTOBER 13, 2020

In a panel discussion with Karen Webster, six payments, banking and FinTech executives weighed in on the very nature of change that is transforming treasury banking and corporate clients in real time. Morgan Chase ; and Brad Windbigler , head of treasury and investor relations at Western Union. Setting the Stage.

Treasury 76

Treasury Banking B2B Reconciliations 76

PYMNTS

OCTOBER 20, 2020

In the bid to modernize B2B payments , accounts receivable (AR) and accounts payable (AP) need to work together. As part of the ongoing B2B Payments PYMNTS TV programming, Alan Koenigsberg , global head of new payment flows at Visa New Business Solutions, and five panelists weighed in on how business payment flows can be redefined.

B2B 104

B2B Accounts Payable Treasury Invoicing 104

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

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. Real-Time Window To Treasury 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

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

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 8, 2018

Pakistan is taking a significant step toward promoting digital B2B payments in the country. 8) said business payments FinTech firm Haball is collaborating with electronic trading platform 1Link and Meezan Bank to develop a digital B2B payments solution. Banking Tech reports on Monday (Oct.

B2B 51

B2B Reconciliations Compliance Treasury 51

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. The enhanced data they’re able to generate through virtualization simplifies reconciliation and gives them access to reporting, enabling them to better forecast future cash flows,” Blair explained.

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B2B Invoicing Reconciliations Treasury 93

PYMNTS

OCTOBER 23, 2019

Deluxe Corporation is augmenting its treasury management solution by integrating a bill presentment and payment processing function into its existing accounts receivable tool. Deluxe Treasury Management said in a press release on Tuesday (Oct. Deluxe automates payments and invoice matching for streamlined reconciliation.

Treasury 40

Treasury Reconciliations Invoicing Accounting 40

Bank of the West

NOVEMBER 22, 2021

Here’s what finance executives need to know about R2P and its potential benefits for treasury management. R2Ps are being used not just for C2B collections but also for B2B customers—potentially replacing collections via card, direct debit, and electronic bill payment and presentation (EBPP). What is Request to Pay?

Treasury 98

Treasury Reconciliations Banking B2B 98

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. They can’t wait for end-of-month, or even end-of-week, reconciliation anymore,” she told Webster — and so corporates are pushing their banks to do something different.

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

PYMNTS

FEBRUARY 6, 2020

As the company readies for early adopters later this year, Transparent Systems also acknowledged that it will initially target the B2B payments landscape. But as Kramer explained, there are opportunities for real time in the B2B landscape. Corporates’ Real-Time Demand. How does it change people’s jobs and the way they do business?”.

B2B 67

B2B Reconciliations Treasury Technology 67

PYMNTS

JULY 8, 2016

In a recent announcement within the treasury management space, EDI Gateway, a service provider specializing in SMBs and focused on enterprise resource planning and B2B applications, linked up with AZUR , a cloud-based treasury management firm, to offer the latter’s eFinancialSuite to vendors.

Treasury 40

Treasury Reconciliations B2B Forecasting 40

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 18, 2020

Banks have been playing catch-up with FinTechs in the bid to bring speed to their processes, especially when it comes to B2B payments. She said data can be the glue that helps ensure payments are interconnected and reconciled automatically – and reconciliation can be likened to the “holy grail” of treasury management.

Reconciliations 98

Reconciliations B2B Treasury Banking 98

PYMNTS

JULY 16, 2019

Some of the largest points of friction in B2B payments today boil down to fragmentation and data silos: Traditionally, there is separation between a process (i.e., There are silos between various platforms like accounts payable, accounts receivable, procurement and treasury management. procurement), and its related payments (i.e.,

B2B 60

B2B Accounts Payable Treasury Reconciliations 60

PYMNTS

SEPTEMBER 29, 2017

When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance.

Treasury 56

Treasury Banking Compliance Risk Management 56

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

NOVEMBER 15, 2019

Further, Leavitt added, the commercial card sits nicely within the B2B market’s demand for data. These disadvantages stem from the fact that the card rails were never intended to support large-value B2B transactions, Leavitt said. Bending the Card Rails. One hurdle for the rail revolves around data.

B2B 53

B2B Accounts Payable Cash Management Reconciliations 53

PYMNTS

NOVEMBER 7, 2017

Citi’s Treasury and Trade Solutions is bringing its accounts receivable (AR) Payer ID solution to more markets around the globe. 6) that Payer ID is now available in 44 countries, as Citi brings the B2B payments tool across North America and Western Europe. The financial institution (FI) announced news on Monday (Nov.

Reconciliations 48

Reconciliations Treasury B2B Cash Management 48

PYMNTS

MAY 28, 2020

The FinTech enterprise Software-as-a-Service (SaaS) company, which is focused on automating treasury management and order-to-cash processes, said the new technology reinforces its investment and plan to make AR automation an important driver for business expansion, according to an announcement.

Technology 52

Technology Reconciliations Accounts Payable Credit Risk 52

PYMNTS

SEPTEMBER 26, 2018

The solution is compatible with existing Citi accounts receivable solutions, including Citi Payer ID Accounts for automated reconciliation. “API-based integration is one of the biggest topics across the industry,” said Naveed Sultan, the bank’s global head of Treasury and Trade Solutions, in a statement at the time. .

Accounting 75

Accounting Reconciliations Treasury Currencies 75

PYMNTS

JANUARY 13, 2021

Using advanced analytics in the service of cash flow can be a significant aid as treasury operations and AR operations are converging at a rapid clip, Shields noted — which means treasury officials can make better decisions about working capital and how cash needs may be changing within a company (optimizing ongoing operations).

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Accounting Invoicing B2B Treasury 94

PYMNTS

JULY 2, 2019

The solution is offered through Citi’s Treasury and Trade Solutions business, utilizing advanced analytics, artificial intelligence (AI) and machine learning to identify outliers that point to fraud, or perhaps operational oversights that are innocent in nature, but still lead to lost revenues and customers.

B2B 70

B2B Reconciliations Treasury Securities 70

PYMNTS

SEPTEMBER 17, 2019

The AFP’s report found new lows in corporates’ use of checks for B2B payments, with more than one-third saying they aim to remain current with new payments technologies. Although new technology is appealing, treasury and finance professionals tend to stick with what works for them, and their vendors,” said AFP President and CEO Jim Kaitz.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

PYMNTS

OCTOBER 22, 2019

Bank of America’s latest offering, for example, addresses payment acceptance challenges, while Bill.com marries accounts receivable (AR) and AP with tools that tackle friction in processes that touch both ends of the B2B payments journey. Finally, U.S. Bank introduced a new eBilling tool also designed both for billers and payers.

Accounts Payable 40

Accounts Payable B2B Invoicing Reconciliations 40

PYMNTS

SEPTEMBER 27, 2020

HighRadius , a FinTech working in automation for order-to-cash and treasury management, has announced an expanded strategic relationship with Commerce Bank , according to a press release. HighRadius also offers services for cash reconciliation, eInvoicing and collections to help those in underserved markets.

Banking 89

Banking Treasury Reconciliations Invoicing 89

Bramasol

JUNE 30, 2023

Artificial Intelligence Revolution Extends into B2B Although artificial intelligence applications such as machine learning (ML) and robotic process automation (RPA) already have been in wide usage for B2B (business-to-business) markets, the revolution spurred by new generative AI has added fuel to the enterprise adoption of artificial intelligence.

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SAP B2B Leverage Analyzing Data 72

PYMNTS

FEBRUARY 13, 2018

If it seems like Visa has been on a B2B payments kick lately, it’s because they have. The payments giant has struck several new partnerships, expanded its commercial capabilities into new markets and developed new B2B payments solutions – all within the last few months. “Speed is becoming more important. .

B2B 44

B2B Benchmarking Reconciliations Corporate Finance 44

PYMNTS

APRIL 11, 2017

When Amazon announced the launch of its B2B service, Amazon Business, in the U.K. That includes line-item details, Visa said, with that data able to integrate into reconciliation tools. We are pleased to join Visa and Amazon Business in offering a streamlined purchase and reconciliation process for our clients.”.

Reconciliations 40

Reconciliations B2B Auditing Treasury 40

PYMNTS

JANUARY 19, 2021

Nick Nadgauda , global head of Technology with Citi’s Treasury and Trade Solutions, said in the release that the partnership is fortuitous because Volante’s payment processing technology is already used with Citi’s payments and transaction banking platforms.

Reconciliations 60

Reconciliations Treasury Technology Banking 60

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.

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SAP Foreign Exchange Reconciliations Currencies 99

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

AUGUST 8, 2019

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. There are a lot of treasury management issues out there that need to be addressed,” he told PYMNTS in a recent interview.

Accounts Payable 57

Accounts Payable Accounting B2B Reconciliations 57

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

DECEMBER 31, 2019

Paper-based payment methods such as checks and cash are awkward and cumbersome in either business-to-business (B2B) or business-to-consumer (B2C) transactions. Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61