PYMNTS

NOVEMBER 13, 2018

An application program interface (API) ecosystem is growing to transform the financial services (FinServ) sector, and small business (SMB) banking won’t be left out of the shift. APIs offer third-party FinTech firms new opportunities to make use of valuable data stored within traditional bank accounts. In the U.S.,

Cash Flow Forecasting 73

Cash Flow Forecasting Accounting Banking Forecasting 73

PYMNTS

JANUARY 18, 2021

With more digital banking options emerging on the U.S. market, FinTechs are turning their attention to the business community, whose demands for a better banking experience are growing louder. The advancement of enterprise digitization has given rise to a deeper understand of the importance of financial data for business leaders.

Accounts Payable 66

Accounts Payable Banking Invoicing Corporate Finance 66

PYMNTS

JANUARY 20, 2021

Xero , a global small business cloud accounting platform, is working with South Africa’s Nedbank to give small- to medium-size business (SMB) clients a digital, application programming interface (API)-enabled bank feed to access financial data, according to an ITWeb report.

Banking 67

Banking B2B Invoicing Accounting 67

Future CFO

AUGUST 1, 2023

The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific. Companies are increasingly seeking secure and compliant solutions to manage their financial data.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

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. has warned that small businesses are largely shunning the opportunity to unlock their financial data. Open Banking Startup Lands $99.9

Banking 60

Banking Treasury Financial Data Cash Management 60

PYMNTS

FEBRUARY 9, 2018

Invoice financing company MarketInvoice is enhancing its product offering through a new collaboration with Euler Hermes. MarketInvoice said it is also integrating a risk mitigation solution that analyzes financial data to help businesses make better decisions about customers with which they choose to trade. 8) said the U.K.

Invoicing 40

Invoicing Risk Analysis Credit Risk Financial Data 40

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

FEBRUARY 12, 2018

The EU’s PSD2 and Open Banking in the U.K. have shone a massive spotlight on the role of API technology in banking to open up competition in the market. “Even payments, that’s a cost for banks. All they want to do, probably, is invest the money they have on their balance sheets and lend. .”

Financial Data 40

Financial Data Banking Invoicing Accounting 40

PYMNTS

JANUARY 13, 2020

Federation of Small Businesses (FSB) has released the results of a survey of small to medium-sized businesses’ (SMBs) embrace of open banking two years since the framework took hold and discovered that SMBs continue to distrust lenders. The FSB surveyed 1,000 SMB owners about their data sharing habits. According to reports Monday (Jan.

Banking 52

Banking Invoicing Financial Data Accounting 52

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

Global Finance

JUNE 6, 2024

Among the company’s offerings is Neuron, a core banking system platform in the Middle East and Africa designed for integration. The API software enables MNT-Halan to connect with various digital banking services that optimize the banking experience.

Technology 57

Technology Invoicing Finance Compliance 57

PYMNTS

MARCH 20, 2018

FinTechs and non-bank financial service providers are set to take over traditional banks as the preferred choice for small business (SMB) customers in Australia, a new report by Scottish Pacific found. Last December, Tyro, a bank-FinTech hybrid, launched in Australia after it landed a banking license in 2015.

Finance 47

Finance Banking Invoicing Financial Data 47

The Finance Weekly

MAY 20, 2024

What Is Bank Reconciliation? Bank reconciliation is a process companies use to ensure that their recorded cash balances align with the actual cash held in their bank accounts. Nevertheless, banks still manage most business accounts, and the same reconciliation procedures can be applied to these other cash positions.

Reconciliations 52

Reconciliations Banking General Ledger Accounting 52

PYMNTS

JULY 29, 2019

And while FinTech has evolves to offer corporates solutions to streamline a variety of individual processes, the financial services space continues to struggle to break down barriers at a wider level, according to Bhavin Turakhia, CEO and co-founder of India-based enterprise payments and banking FinTech Zeta.

Accounts Payable 73

Accounts Payable B2B Invoicing Accounting 73

PYMNTS

JANUARY 15, 2021

Accounts payable (AP) and accounts receivable (AR) personnel could no longer be in the office to handle paper, giving rise to the discussion of migrating away from physical invoices and other documents in favor of digital, automated solutions. In reality, however, paper continues to circulate in AP and AR departments.

B2B 73

B2B Invoicing Accounts Payable Prioritization 73

PYMNTS

DECEMBER 1, 2020

B2B invoices generally take 37.4 APIs and accounts payable (AP)/accounts receivable (AR) automation are revving up the speed of money and financial data to a pace more in line with pandemic-era market demands. It’s making a major difference. Real-time payments are advancing … quickly in the U.S.,

Treasury 64

Treasury Accounts Payable B2B Invoicing 64

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. Blockchain and the distributed ledgers can eliminate international data fraud.”.

SAP 57

SAP Invoicing Reconciliations B2B 57

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. For any new FinTech company, securing a deal with a financial giant is good news. ”

Treasury 79

Treasury B2B Leverage Reconciliations 79

The Finance Weekly

JANUARY 5, 2025

The integration of finance AI chatbots offers several benefits: Automating Repetitive Financial Tasks One of the best uses of finance AI chatbots is automating tasks like invoice generation, payroll processing, and transaction categorization. Banking-specific large language model. Banking-specific large language model.

Finance 52

Finance Budgeting Financial Data Forecasting 52

Global Finance

SEPTEMBER 9, 2024

Cash flow forecasting is a top priority for treasurers, says Niki van Zanten, a former corporate treasurer and now a consultant at TreasurUp, a Netherlands-based fintech serving banks. By tapping into advanced analytical tools, treasury teams can uncover far deeper insights from their increasingly vast volumes of financial data.”

Treasury 82

Treasury Cash Flow Forecasting Forecasting Cash Management 82

PYMNTS

MAY 31, 2017

And, truth be told, many of them don’t put it on much at all; while some of them hire a part-time accountant or rely on their financial institution to help, that often doesn’t really cut it either. “Banks talk about the importance of the micro/small business category,” he recently told Karen Webster. and she has Wave. .

Cash Management 51

Cash Management Invoicing Accounts Payable Financial Data 51

Future CFO

JANUARY 22, 2024

Modern accounting software integrates seamlessly with diverse financial systems, automating tasks such as data entry, bank reconciliation, and invoice processing. In the present landscape, businesses can access up-to-date financial information at any given moment, empowering them to make well-informed decisions promptly.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

The Finance Weekly

APRIL 13, 2024

While personal finance applications often focus on budgeting and tracking investments, business finance applications are enriched with additional functionalities, such as invoicing and inventory management, to support a wider range of business operations.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

PYMNTS

MARCH 11, 2020

Bectran, which works in B2B credit management for software-as-a-service (SaaS) programs, announced the release of its enhanced Cash Application solution, which will accommodate multiple data formats and financial data APIs, according to a press release.

Invoicing 52

Invoicing B2B Accounting Financial Data 52

PYMNTS

JANUARY 14, 2020

This complicated process can involve everything from accounting and invoicing software to bank accounts. Today’s financial institutions (FIs) no longer need to worry about solely addressing all their clients’ financial-related needs, however. Leveraging APIs For a More Convenient Workflow.

Cash Management 52

Cash Management Invoicing Accounting Leverage 52

PYMNTS

FEBRUARY 19, 2018

But aside from a government mandate, Mattias Hansson, CEO and co-founder of Zervant , told PYMNTS there are major factors behind encouraging entrepreneurs to invoice their clients electronically. For electronic invoicing to gain traction, it cannot create new challenges for small businesses. Integration.

Invoicing 43

Invoicing B2B Securities Financial Data 43

The Charity CFO

APRIL 5, 2022

So, if today a donor pledges to donate $100 to you next year , you’ll record that donation today rather than next year when the money will arrive in your bank account. And many large grantmakers, foundations, and banks may insist on accrual-based financials to give you funds. What is Modified Cash Basis Accounting?

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

PYMNTS

DECEMBER 17, 2019

As open banking frameworks take root in more markets around the globe, the model of data integration continues to also take shape in the business financial services market, particularly impacting micro- and small businesses (and the FinTechs that service them). ” Open Banking’s Cost-Saving Opportunities.

Marketing 52

Marketing Accounts Payable Foreign Exchange Invoicing 52

PYMNTS

JANUARY 16, 2020

Open banking and its promise of more elasticity in finance is enabled by application program interfaces (APIs) — lines of code that execute everything from simple peer-to-peer (P2P) transfers to industrial-sized B2B real-time payments. As the industry marks two years since open banking’s U.K. Open Banking Opens Up.

B2B 53

B2B Finance Banking Cash Management 53

https://trustedcfosolutions.com/feed/

MARCH 26, 2023

This includes bank statements, invoices, receipts, and other documents retaining financial data. This involves matching the balances in your general ledger to the balances in your bank statements and other financial records. Make sure everything is accurate and there are no discrepancies.

General Ledger 62

General Ledger Accounting Invoicing Financial Data 62

PYMNTS

MAY 21, 2018

Small business invoice financing platform Fundbox is targeting the events industry through a new partnership with Eventbrite. Fundbox underwrites financing using financial data of customers using Eventbrite, including sales history. According to U.S.

Finance 46

Finance Invoicing Entertainment Leverage 46

PYMNTS

DECEMBER 14, 2018

This week’s B2B venture capital roundup includes a slew of companies experimenting with enterprise data use cases. They include Internet of Things (IoT)-connected manufacturing machines, cross-platform financial data analysis, predictive analytics for inventory management and more. In all, more than $87.8

B2B 51

B2B Startups Treasury Financial Data 51

PYMNTS

APRIL 26, 2019

Separately, in Ireland, the Independent reported that “hundreds of students are staring at the prospect of jail time” in the wake allowing fraudsters to use their financial accounts as mules. As alleged by authorities tied to the anti-fraud garda, the accounts were used to launder hundreds of millions of euros through banks based in Ireland.

Invoicing 57

Invoicing Accounting Financial Data Banking 57

CFO Talks

SEPTEMBER 17, 2024

Building Robust IT Systems for Financial Reporting As financial operations become increasingly complex, having the right IT infrastructure in place is no longer just a back-office necessity—it’s a strategic advantage. Cloud-Based Solutions: Cloud technology allows CFOs and their teams to access financial data anytime, anywhere.

Financial Reporting 52

Financial Reporting Auditing IFRS CFO 52

PYMNTS

JUNE 26, 2020

This challenge exists for professionals across the back office, but in business accounting, the lack of data integration and accuracy mean finance experts are spending valuable time correcting information and moving numbers from one platform to another. ” Those are small data hiccups with the potential for damaging consequences.

Accounting 52

Accounting Cash Flow Forecasting Invoicing Prioritization 52

CFO Thought Leader

JULY 19, 2024

This insight spurred the creation of Ledge, a platform designed to automate repetitive tasks and streamline financial data management Read More Tal’s experiences highlighted the critical role of AI in transforming finance functions. Moreover, Tal sees AI as a powerful tool for financial forecasting. I think rightfully so.

Leverage 40

Leverage Finance Invoicing Forecasting 40

PYMNTS

AUGUST 3, 2018

For much of the world, electronic invoicing is taking off — not only for the benefits it offers, like enhanced cash flow visibility, but largely because jurisdictions are implementing eInvoicing regulatory requirements to crack down on tax evasion. Data from FEDmanager estimates that of the 19 million invoices issued in the U.S.

Invoicing 40

Invoicing B2B Prioritization Accounting 40