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Comdata Powers Virtual Card Payments For Construction Sector

PYMNTS

Financial solutions provider Comdata is teaming up with Computer Guidance Corporation to integrate virtual card payment functionality for the construction industry. Computer Guidance Corporation offers cloud ERP solutions for the construction sector. On Thursday (Nov.

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Moving The Business Payments Focus From Price To Process

PYMNTS

Comdata, she said, has mimicked the flow from claims to invoice to payment to reconciliation. The rules you're going to do for a healthcare company from a fraud and security perspective are very different from construction,” she remarked. That’s especially when B2B payments cross borders and currencies, she said.

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Optal, Open ECX Move To Streamline Construction AP

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Corporate payments company Optal struck a new partnership to streamline B2B payments in the construction sector. 18) said Optal is collaborating with Open ECX , a digital transaction platform for the construction industry, via its WebContractor tool. General Manager Andy Downes said construction is a critical component of the U.K.

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enosix Launches Pre-Built SAP Integration For B2B eCommerce

PYMNTS

In a move that lets its clients benefit from a new pre-constructed integration offering, enosix rolled out an SAP integration technology on Salesforce AppExchange. The solution allows for an in-the-moment B2B eCommerce experience natively in Salesforce Commerce Cloud, according to a Wednesday (Oct. 7) announcement.

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How To Clean Up Business Financial Statements

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Check the last reconciliation date for all cash and credit card accounts. Depending on your software, it might be easier to construct an external SCF in Excel to gain a clearer understanding of cash movements. Ideal categorization allows you to see revenue by product or channel and matches COGS with revenue buckets.

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The Rise Of The Multitasking SMB Finance App

PYMNTS

As Lapusneanu noted, the ability to marry the data within a FinTech platform like Fiskl with the bank data of the small business user provides a more holistic view of finances and promotes automation in transaction categorization and reconciliation to ensure small businesses are in a healthy cash flow position.

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How FinTechs View Integrated Receivables In 2020

PYMNTS

At the same time, a shift to electronic payments causes more reconciliation challenges, so companies are spending more time reconciling and processing them than they do even for paper payments. If they don’t use automation, companies dedicate more people to the reconciliation challenge — but automation can significantly help.