Remove Cash Management Remove Currencies Remove Invoicing
article thumbnail

Why Cash Management Is Driving Corporate?s Digital Payments Transformation

PYMNTS

Now that businesses have gotten a taste of what it means to automate workflows like invoicing, accounts receivable (AR) and cash management, they’re likely never turning back. “How do I manage capital overall?” For the customer, this means a seamless payment experience. Interconnected Finances.

article thumbnail

ClearBank Introduces Multi-Currency Bank Accounts

PYMNTS

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 will remain in charge of the clients' funds.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Treasury And The Evolving Role Of Cash Management

PYMNTS

The role has evolved, along with the complexities of global supply chains and doing business across multiple currencies. Trade finance, they said, could help boost efficiency in cash management and supply chain (via dynamic discounting on invoices).

article thumbnail

The Treasury Function Gets Strategic

Global Finance

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.

article thumbnail

How Treasurers Can Prepare For A Real-Time Payments Ecosystem

PYMNTS

“Being the world’s reserve currency, naturally regulators are going to take more time. The ability of blockchain infrastructure to store data means transactions can not only be settled in real time, but can also be linked to one specific invoice, opening up the potential for automated reconciliation. As a whole, the U.S.

Treasury 117
article thumbnail

World’s Best Banks 2024: Global Winners

Global Finance

trillion in extended credit and new capital for its consumer and institutional clients while moving $10 trillion in over 120 currencies daily. Monaco says that in addition to rising rates, high inflation increases the cost of goods and services, eating into liquidity and cash reserves. Throughout 2023, JPMorgan Chase raised $2.3

Banking 107
article thumbnail

Best Financial Innovations 2024

Global Finance

FAB also launched a sustainability-linked current account for businesses to support clients in achieving environmental, social and governance objectives by contributing to sustainable developments, integrated into their everyday cash management and a sustainability-linked supply chain finance offering.