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 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

PYMNTS

AUGUST 5, 2019

2), ePayRails said it secured $2.45 million in Series A funding led by Aspire Fund Management, which provided $2 million. ePayRails also offers businesses API integrations with their ERP systems, and enables firms to customize how they pay invoices based on which vendor they are paying. In a press release Friday (Aug.

B2B 40

B2B Startups Securities Accounts Payable 40

Global Finance

JUNE 6, 2024

Corda R3 Innovation: Digital Asset and Crypto Banking Offering Company: BBVA Switzerland The crypto- and digital-asset market is filled with friction and security risks. China’s securities depository, China Central Depository & Clearing Co.

Construction 109

Construction Compliance Cash Management Treasury 109

PYMNTS

MARCH 4, 2020

APIs can become major targets for hackers and fraudsters, however, and businesses need to step up their API security in response. Singapore-based bank DBS is offering an API-powered payment service that lets companies scan QR codes on invoices to then immediately pay suppliers via the city-state’s near-real-time payments rail.

Treasury 96

Treasury B2B Cash Management Leverage 96

Global Finance

OCTOBER 11, 2024

million small-business clients, the bank broadened its suite of payment acceptance offerings, including invoicing and a tap-to-pay option allowing merchants to accept card payments via their mobile devices. The transaction netted JPMorgan approximately $173 billion in loans, $92 billion in deposits, and $30 billion in securities.

Banking 107

Banking Foreign Exchange Profit and Loss Finance 107

PYMNTS

AUGUST 3, 2020

One financial technology firm currently navigating the process of securing a bank charter is Avanti Financial Group , and as it approaches market launch, Founder and CEO Caitlin Long said the firm is focusing on another area of financial services that has struggled to manage complex regulatory challenges: digital assets.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

OCTOBER 10, 2019

AP departments are central to reviewing and approving invoices to ensure payments are made on time, but recent analysis suggests that many such offices use inefficient, old-school practices that can cause invoice approvals and payments to stall. Automating the Invoice-to-Pay Process . percent for all payment methods.

Invoicing 46

Invoicing Accounts Payable Cash Management Accounting 46

PYMNTS

AUGUST 24, 2018

The acquisition will also bridge Allied’s existing customers to the banking and cash management offerings of Axiom, the companies said. According to the press release, Allied targets small and middle-market companies with its invoice financing solution. Financial details of the takeover were not disclosed.

Banking 54

Banking Invoicing Manufacturing Construction 54

PYMNTS

OCTOBER 2, 2019

With ongoing shifts in payments, commerce, security and transparency, corporate cash managers have a lot on their plates. After all, knowing where funds are at any given point of the journey is a critical part of corporate cash management. Security is also top of mind.

Cash Management 63

Cash Management Reconciliations Treasury B2C 63

PYMNTS

JUNE 19, 2019

The bank is integrating Identitii tokenization technology to launch HSBC DART, a secure digital information exchange offered under its Global Liquidity and Cash Management (GLCM) business. “HSBC’s DART is an industry first,” said Identitii CEO Nick Armstrong in a statement.

Accounting 55

Accounting Communication Cash Management Invoicing 55

PYMNTS

JUNE 11, 2019

Electronic invoicing and settlement solutions provider PayCargo, which targets the shipping and logistics industry, will integrate payments processing into Unisys Corporation’s Digistics solution, the companies announced this week. ” .” ”

Transportation 73

Transportation Cash Management Invoicing Leverage 73

Future CFO

DECEMBER 6, 2021

In the past 18 months with the onset of the COVID 19 pandemic, International SOS, which delivers health and security services has been automating its cash collection process. Working closely with technology partner Esker International, the company moved from 85% paper-based invoices to handling 95% electronic invoices today.

Invoicing 52

Invoicing Cash Management Treasury Finance 52

PYMNTS

DECEMBER 21, 2016

The invoicing and corporate cash management firm revealed that the NBA team is now using Viewpost to manage its own supplier payments needs, enabling the franchise to send digital invoices to its corporate clients and accept electronic payments.

B2B 50

B2B Invoicing Planning Cash Management 50

PYMNTS

FEBRUARY 11, 2020

More recently, today email cybersecurity firm Vade Secure announced the release of its own research on the most common mechanism through which cyberattackers commit their ransomware scams: phishing attacks. Indeed, Vade Secure’s report found PayPal is the most impersonated brand name among phishers, for the second quarter in a row.

B2B 58

B2B Accounts Payable B2C Invoicing 58

PYMNTS

JULY 3, 2019

A recent report by the Healthcare Financial Management Association, citing research by Levvel Research, found 36 percent of invoices received by hospitals are paper (while 35 percent are emailed), and 27 percent of survey respondents aren’t using any kind of AP automation solution. There are three key things,” said Walker.

Accounts Payable 46

Accounts Payable Healthcare Invoicing Compliance 46

PYMNTS

MAY 19, 2017

WannaCry’s explosive impact on the industry has enterprise security on everyone’s mind, and this startup is now a unicorn because of that attention, closing $100 million in Series D financing. Find out which startup landed the cash, along with the other B2B startups that saw their share of investments this week, below. Cash Management.

B2B 61

B2B Investments B2C Cash Management 61

Future CFO

APRIL 6, 2022

While 61% of finance departments are not taking full advantage of new technologies, this trend is expected to change in the coming years, as 79% of respondents say Artificial Intelligence and automation will be a strategic priority to generate cash faster and more efficiently. Reluctance to let go of spreadsheet.

Invoicing 98

Invoicing Finance CFO Accounting 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. Faster processes, less complexity, heightened security — it seems like a no-brainer.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

MAY 31, 2019

Accounts receivable and invoicing company Crowdz announced a $5.5 million Series A investment round, which it plans to use to deploy its Invoice Exchange platform, the company said in a press release. Crowdz is developing a blockchain platform that enables B2B vendors to submit invoices, receive payment and sell invoices for financing.

B2B 57

B2B Accounts Payable Invoicing Valuation 57

Reval

JUNE 13, 2017

According to Kerry Logistics Group Treasurer Eddie Mak, Kerry’s previous spreadsheet and paper-based invoicing process for tracking and reconciling intercompany transactions took much manpower for little gain. “We Securing this award is an outstanding example of a treasury department generating a great ROI and becoming more strategic.

Foreign Exchange 52

Foreign Exchange Treasury Cash Management Invoicing 52

PYMNTS

APRIL 4, 2019

These current market conditions have helped shape the dynamic between cash flow management and trade finance, with many small suppliers turning to external finance out of necessity — either to access financing while they wait for their customers to pay invoices, or to link their customers to financing as they struggle to pay invoices themselves.

Finance 56

Finance B2B Invoicing Securities 56

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

DECEMBER 11, 2019

Those pain points expand far beyond the retailer’s walls, too, as these businesses are forced to figure out how to utilize high volumes of cash to make payments to their B2B suppliers. Orders are placed and shipped, and a paper invoice is generated, with retailers using legacy payment strategies to settle those bills.

B2B 52

B2B Invoicing Accounts Payable Compliance 52

PYMNTS

JUNE 22, 2020

AP practices that require processing paper invoices from vendors and mailing out checks force employees to work from their offices, putting their health — and their satisfaction with their employers — at risk. The right choices can keep suppliers satisfied while helping buyers address their own cash management concerns.

Accounts Payable 56

Accounts Payable Invoicing Banking Cash Management 56

CFO Simplified

MARCH 11, 2024

Client Satisfaction: Law firms rely heavily on client satisfaction for not only repeat business and referrals, but also for collection of invoices that they’ve sent out. And just as important is that assuring the satisfaction of a client is critical to assuring that their invoices are going to be paid.

Profit and Loss 52

Profit and Loss CFO Invoicing Risk Management 52

PYMNTS

NOVEMBER 9, 2020

Accounts payable (AP), accounts receivable (AR) and other capital management workflows are also not immune to pandemic-related struggles. One study found that 74 percent of accounting staff reported pain points when manually processing invoice data, for example, with 68 percent citing manual invoice routing as their top concern.

Accounts Payable 52

Accounts Payable Forecasting Invoicing Leverage 52

PYMNTS

MARCH 6, 2019

Within that ambition, he said, “the only way to create real-time cash management or trading is to allow all parties to see the same pool of validated data.”. Distributed ledger technology (DLT), in essence, is a distributed database that securely stores and organizes data.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

Future CFO

APRIL 21, 2021

Manual AP invoicing has been outdated and inefficient for years now, so when business across the globe encountered significant disruptions, companies with digital transformation still on their to-do lists felt the impact on their operations far more than those already using automation. Improving supplier management and relations.

Accounts Payable 40

Accounts Payable Accounting Invoicing Treasury 40

Future CFO

DECEMBER 11, 2023

Suppliers can embed real-time payment instructions in customer communications to simplify invoice processing. Villanueva attributed this to the convenience, transparency, and security of the process. The common question that comes to mind for the regular consumers: ‘How secure is my money or my funds inside this app?’”

Banking 98

Banking Finance CFO Securities 98

PYMNTS

OCTOBER 31, 2019

One of their biggest benefits for users is not only its ability to offer a secure location in which to receive paper checks; the lockbox is also critical to receiving documentation about a transaction. Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms.

Reconciliations 43

Reconciliations Invoicing B2B Treasury 43

Boston Startup CFO

APRIL 3, 2023

This includes reconciling cash and credit card transactions, processing and documenting financial transactions, and inputting the data into your startup’s accounting software. This includes managing invoices, receipts, and payments, as well as reconciling bank statements.

Accounting 52

Accounting Accounting Principles GAAP Startups 52

PYMNTS

APRIL 3, 2020

The efficiency acts as a catalyst to streamline invoice processing, too, he noted, particularly for larger companies ingesting a high volume of invoices with multiple layers and personnel along the invoice approval chain. A Payments Balancing Act. “We started out with spreadsheets just like everybody else,” he said.

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

PYMNTS

SEPTEMBER 19, 2017

It used a “packing” technique to compress code with encryption to evade Google’s security filters. Google and Intuit have teamed up to boost Australian small and medium-sized businesses (SMBs) with cash management. The idea is to offer more payment options to consumers while creating a more secure online checkout for merchants.

Invoicing 40

Invoicing Cash Management Manufacturing Securities 40

PYMNTS

FEBRUARY 14, 2017

Together, the companies rolled out a cloud-based invoicing and B2B payment solution aimed at helping business users better manage cash flow. ” In another statement, Mastercard Head of Commercial Products for the Middle East and Africa Adam Jones said cash management is a critical challenge for companies.

Accounts Payable 40

Accounts Payable B2C B2B Invoicing 40

PYMNTS

SEPTEMBER 30, 2016

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. Find out who else secured funding below. Expense Management. Enterprise Security. Treasury Management.

B2B 70

B2B Treasury Startups Cash Management 70

PYMNTS

OCTOBER 1, 2020

Beyond the particulars of check disbursements or ACHs (and the detailed instructions that accompany any payment between buyer and supplier), Disque said automating payments into enterprise resource planning (ERP) or cash management functions (thus eliminating manual touchpoints) are especially beneficial in a remote working environment.

Accounts Payable 77

Accounts Payable Cash Management Construction Invoicing 77

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. But all else equal, that’s not what treasurers and cash managers say they value the most today.

Invoicing 78

Invoicing Accounting Banking B2B 78