PYMNTS

JUNE 10, 2020

Bank features will allow freight carriers new B2B payment options such as a new dashboard for better receivables visibility and a way to pay invoices much quicker, according to a June 10 press release. Bank says will expedite things for carriers who work under the typical 45- to 90-day contract pay terms.

Invoicing 52

Invoicing Banking Cash Management Auditing 52

CFO Leadership

MARCH 31, 2022

The pandemic spurred many realizations, including this one: the enterprise cash management process is broken. Cash management is always important, but it’s certainly gotten a lot more attention in the past two years. As companies went into crisis mode, keeping a very close eye on cash became a top priority.

Cash Management 52

Cash Management Benchmarking Invoicing Leadership 52

PYMNTS

JANUARY 20, 2021

According to Rajiv Ramachandran , senior vice president of product strategy and management at Coupa , the pandemic was a “wake-up call” for many finance leaders who experienced a jolting breakdown of key functions. There were cases where some of these finance teams could not even understand what their cash visibility looked like.”.

B2B 125

B2B Prioritization Invoicing Corporate Finance 125

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. Embedding banking into ERP systems has been a hot topic as of late — although the buzz surrounding it has been years in the making. Many-To-Many Markets .

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

PYMNTS

OCTOBER 20, 2017

19), Bank of the West revealed news that it is adding new cash management solutions for its commercial banking customers. Bank of the West’s Commercial Banking Group announced the rollout of DirectPay Manager and Remote Cash Capture, two solutions aimed at facilitating cash flow management for corporate clients.

Cash Management 40

Cash Management Banking Transportation Invoicing 40

PYMNTS

JANUARY 30, 2017

Used to be that managing a company’s liquidity and cash position was a matter of reconciling disparate bank accounts at the end of the day. Trade finance, they said, could help boost efficiency in cash management and supply chain (via dynamic discounting on invoices).

Cash Management 49

Cash Management Treasury Invoicing Currencies 49

PYMNTS

AUGUST 3, 2020

It’s one factor in why so few challenger banks have launched in the country compared to markets like the U.K., where challenger banking has flourished in recent years. has been nowhere near other markets like Japan and Switzerland in embracing digital assets within the banking arena, though it’s not necessarily a surprise.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

SEPTEMBER 28, 2020

Banks' embrace of FinTech is often driven by consumers' growing demand for a more seamless and unified experience. Increasingly, treasurers are seeking intelligent solutions augmented by artificial intelligence (AI) and machine learning (ML) — and banks are turning outward to meet those needs. HighRadius & Commerce Bank.

Treasury 81

Treasury Banking Cash Management Invoicing 81

PYMNTS

FEBRUARY 15, 2017

small businesses are losing billions of dollars every year because they aren’t properly managing company cash flow, a new survey finds. billion every year, collectively, because they spend so much time managing company finances like invoices, employee expenses and financial forecasting. Reports Tuesday (Feb.

Cash Management 43

Cash Management Invoicing Startups Forecasting 43

PYMNTS

NOVEMBER 16, 2016

Banks’ shortcomings when servicing small business clients have become an engine behind the FinTech boom. Alternative lenders, for instance, largely emerged as a response to banks retreating from the SME lending market. Historically, Kriplani explained, small businesses have been a weak spot for banks.

Banking 75

Banking Invoicing B2B Cash Management 75

PYMNTS

MARCH 4, 2020

Business to business (B2B) application programming interfaces (APIs) are helping smooth the flow of data between companies, including businesses and their financial services software as well as between banks and their corporate clients. Other banking integrations seek to revamp B2B payments.

Treasury 96

Treasury B2B Cash Management Leverage 96

PYMNTS

SEPTEMBER 17, 2020

Cloud-based clearing bank ClearBank has begun offering multi-currency bank accounts using an API, according to a press release. Beginning in the fourth quarter this year, the bank will allow users to access over 30 multi-currency accounts. ClearBank's capabilities make it doable for Oxbury Bank to loop into U.K.-based

Currencies 64

Currencies Accounting Banking Foreign Exchange 64

PYMNTS

AUGUST 24, 2018

based Axiom Bank is expanding its business lending capabilities through the acquisition of Allied Affiliated Funding , reports said Thursday (Aug. The acquisition will also bridge Allied’s existing customers to the banking and cash management offerings of Axiom, the companies said.

Banking 54

Banking Invoicing Manufacturing Construction 54

PYMNTS

FEBRUARY 1, 2021

Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. Businesses that want to get these kinds of AR and AP updates and streamline their reconciliation processes may turn to banking partners for help.

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

PYMNTS

DECEMBER 1, 2016

Millions of dollars worth of unpaid invoices are written off by U.K. And it creates significant cash management issues for these businesses, the research found: A fifth of SMEs surveyed said cash flow issues have led them to lose contracts. Invoice finance is becoming a popular way for companies to remedy the issue.

Invoicing 43

Invoicing Finance B2B Cash Management 43

PYMNTS

FEBRUARY 1, 2021

If at that time, someone would have asked Citi Managing Director and Global Head of Domestic Payments and Receivables Anupam Sinha how long it would take for corporate treasury organizations to fully embrace digital , he said his answer would likely have been something along the lines of, “Don’t hold your breath.”. he explained.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

PYMNTS

FEBRUARY 22, 2017

Basel III is a set of voluntary rules that impact banks’ risk management and capital requirements, among other things, and could lead to corporate challenges in accessing bank financing. The banking sector is moving away from offering a simple, straightforward view via statements and transaction data, Cashfac noted.

Accounting 54

Accounting Banking Cash Management Compliance 54

Future CFO

MARCH 14, 2022

By implementing Esker’s Procure-to-Pay suite and Esker’s Accounts Receivable solution ( Invoice Delivery , Collections Management and Cash Application solutions ), the company has gained full visibility and clarity over payables and receivables. When it comes to paying the invoices, are they paying the smaller amount first?

Invoicing 97

Invoicing Finance Accounting Banking 97

PYMNTS

OCTOBER 14, 2019

Finnish invoicing company Enterpay announced that it has closed a €1 million ($1.1 million) funding round, and has also entered into a partnership with German bank Volksbanken Raiffeisenbanken. Enterpay already has partnerships with some of the leading Nordic businesses in credit management, invoicing, and finance.

Invoicing 46

Invoicing B2B Risk Management eCommerce 46

Global Finance

JUNE 6, 2024

Its new generative AI tool analyzes and summarizes the minutes and announcements from the Monetary Policy Committee of Brazil’s central bank and the Federal Open Market Committee of the US Federal Reserve. Bradesco’s resource managers are the tool’s main users. Its use could lead to revenue gains of as high as 4.2

Construction 90

Construction Compliance Cash Management Treasury 90

PYMNTS

JANUARY 21, 2020

While Open Banking initiatives and data integrations between banks and FinTech firms have begun to target corporate and small business (SMB) end users, new research out of the U.K. Open Banking Startup Lands $99.9 million funding round for Sweden-based Open Banking platform Tink , according to reports on Monday (Jan.

Banking 60

Banking Treasury Financial Data Cash Management 60

Global Finance

SEPTEMBER 9, 2024

And while the latest tools of the trade—artificial intelligence (AI) and machine learning (ML)—promise to make tasks such as liquidity forecasting, cash management, and risk management easier, they come with their own complications and tie the treasury team even more closely into management’s strategic planning.

Treasury 82

Treasury Cash Flow Forecasting Forecasting Cash Management 82

PYMNTS

NOVEMBER 29, 2018

Despite any possible reservations early on, large financial institutions (FIs) now appear to be going all in on Open Banking, with plans to introduce new revenue streams as a a result. The report, “It’s Now Open Banking, Do You Know What Your Commercial Clients Want From It?,” ” published Wednesday (Nov.

Banking 56

Banking Financial Data Investments Cash Management 56

PYMNTS

AUGUST 1, 2019

A press release issued Wednesday (July 31) said ISO 20022 has the potential to promote efficiency in the correspondent banking community and modernize cross-border transactions. “Adoption of ISO 20022 will continue the transformation of correspondent banking already ongoing,” SWIFT said in its announcement.

Reconciliations 76

Reconciliations Cash Management Invoicing Banking 76

PYMNTS

MARCH 18, 2020

In a recent conversation with PYMNTS, Bectran Business Development & Implementation Manager Dominic Biegel said it is certainly a possibility that the continued impact of the coronavirus pandemic could add pressure on businesses to migrate away from paper invoices, or shift their own customers toward electronic payments.

Reconciliations 80

Reconciliations Invoicing Communication B2B 80

PYMNTS

JANUARY 28, 2021

The complexities of corporate cash management — particularly across borders and currencies — means that a broad range of treasury and CFO functions are getting the high-tech, outsourced treatment. To that end, this week PNC Bank said it has reached a deal to buy Tempus Technologies for an undisclosed sum.

Banking 60

Banking Treasury Cash Management Invoicing 60

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

OCTOBER 25, 2017

Countingup , a FinTech that aims to combine and streamline corporate banking and accounting for small- and medium-sized businesses (SMBs), secured fresh funding this week, according to news from TechCrunch. Fouracre told the publication that it will also provide VAT returns, invoice generation, reporting and other features. “If

Accounting 44

Accounting Banking Invoicing Construction 44

PYMNTS

OCTOBER 13, 2017

Traditional banks and FinTechs are increasingly partnering on an array of financial services, including those for small business lending. The Royal Bank of Canada (RBC) is now looking to go a step further with a FinTech partnership aimed at small business financial management. In an announcement Thursday (Oct.

Accounting 46

Accounting Banking Invoicing CFO 46

Future CFO

APRIL 7, 2022

As a SaaS-based platform, SAP Concur connects expense, travel and vendor invoice spending in one system providing a single way to manage spending from end to end for greater visibility into transactions, improve compliance, and simplify the process for everyone – finance and employees. banking fees).

Finance 98

Finance SAP Cash Management Invoicing 98

PYMNTS

JANUARY 26, 2017

The solution is called Finlync SAP-DL Integrator , and the idea, said Finlync in an interview with PYMNTS, is that the ERP system is the central home to critical data like purchase orders and invoices, business partner payment information and the like. That speed is something which, simply, is not possible today.” However, this is changing.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

JULY 5, 2019

Financial Institutions are experiencing significant changes (and potential improvements) when it comes to managing and forecasting cash flow, with new tools and technologies entering the market — with many designed to appeal to small and medium-sized businesses (SMBs).

Cash Flow Forecasting 71

Cash Flow Forecasting Forecasting Invoicing Cash Management 71

PYMNTS

FEBRUARY 13, 2020

Small business owners have historically faced a unique challenge in the banking world: Financial institutions (FIs) can sometimes fail to clearly define their small business services, blurring the lines between personal and corporate banking and forcing an SMB to fit somewhere within that ambiguity. ” Finding Solutions That Fit.

Invoicing 61

Invoicing Finance Banking Planning 61

PYMNTS

JUNE 1, 2016

Small and medium-size enterprises are on their way to adopting some of the newest technology to help run their business, and that includes embracing solutions to enhance their payments and banking capabilities. Researchers also found shifts in the way these business owners are managing their cash.

Banking 41

Banking Cash Management Invoicing Technology 41

PYMNTS

APRIL 23, 2020

As one-person operations, they often lack the resources and know-how to manage professional finances in a compliant and efficient way, yet they have more complex tax, payments and cash flow management needs than the average individual. Open Banking’s Impact. That means cutting out the jargon.

Accounting 56

Accounting Accounts Payable Invoicing Cash Management 56

PYMNTS

SEPTEMBER 17, 2018

The handwritten invoice he left with my cushions included his name, his mobile phone number and the payment methods he accepted: cash or check. The invoice amount was less than $500. When I got the invoice, I panicked a little. Since he had other options for how to receive payment from me, he dropped it with his bank.

Invoicing 78

Invoicing Accounting Banking B2B 78

PYMNTS

JUNE 6, 2016

Listen up, lenders: Research on small businesses’ banking habits can offer valuable insight into the SME customer base. 56% of SMEs expect to pay bills via online banking more frequently this year , a sign that small businesses’ digital banking and payments needs are evolving, according to Fiserv research.

Banking 41

Banking Cash Management Invoicing Finance 41