PYMNTS

NOVEMBER 16, 2020

Currency Conversion Headache. One of the biggest challenges in cross-border trade for any kind of business relates to foreign exchange. A B2B invoice may be issued and paid in one currency, but the recipient of those funds has to convert that money into their local currency. A Shifting Market.

Foreign Exchange 56

Foreign Exchange Currencies Manufacturing B2B 56

PYMNTS

MARCH 16, 2020

Buyers will be able to pay suppliers in their own countries’ currencies with ease, according to the release. In addition, the deal will allow better reconciliation of payments with the matching invoices. It will also allow real-time payment tracking along with less inquiries about payment-related issues for suppliers.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

OCTOBER 28, 2020

OpenEnvoy Launches To Provide B2B Invoice Auditing. To help businesses only pay for what they have agreed to buy, OpenEnvoy has been established to offer invoice auditing without intervention. OpenEnvoy contrasts invoices to originating proposals, purchase orders, estimates or bids. 27) announcement.

B2B 56

B2B Foreign Exchange Accounts Payable Invoicing 56

PYMNTS

DECEMBER 2, 2019

London specialty business lender Just Cashflow (JCF) is partnering with London FinTech Ebury to roll out foreign exchange (FX) services, Just Cashflow announced in a company blog. . The services put an end to uncertain currency exchange due to Brexit and locks-in rates for future transactions. JCF is a subsidiary of JLG.

Foreign Exchange 52

Foreign Exchange B2B Currencies Invoicing 52

PYMNTS

JULY 17, 2017

is adding support for companies that have foreign invoices, reports said Friday (July 14). The invoice financing company said it is adding euro and U.S. dollar capabilities to its solution, allowing businesses with invoices in these currencies to get financed. MarketInvoice, based in the U.K.,

Invoicing 41

Invoicing Finance Currencies Numbers 41

PYMNTS

JUNE 11, 2020

To help middle-market firms automate each of their accounts payable (AP) procedures on one platform, MineralTree has unveiled “end-to-end” multi-currency functions. Multi-currency payments from the company’s systems are automated through the connection with the international payments system of TransferMate.

Foreign Exchange 52

Foreign Exchange Accounts Payable Currencies Invoicing 52

PYMNTS

JULY 9, 2019

The tool lets treasurers keep a single account for each currency, for example, or to group accounts based on product line or legal entity. That approval enables Neo to create a payment institution to store, receive and send payments and invoices in multiple currencies for corporate users while operating its own core banking system.

Foreign Exchange 60

Foreign Exchange Banking Currencies Accounting 60

PYMNTS

AUGUST 11, 2020

The connection enables small businesses with a Clear Books account to take invoice payments by credit and debit card, according to an announcement. Business can also see the current payment status on bills, with invoices automatically categorized as paid after clients pay them.

Accounting 65

Accounting Foreign Exchange Invoicing Currencies 65

PYMNTS

NOVEMBER 17, 2020

Customers will be able to compare purchase orders alongside invoices before going to straight to payment in more than 145 currencies with the AP technology of Beanworks and the payments technology of Cambridge brought together. Firms can start wire transfers and other payments with the Beanworks system as a result of the collaboration.

Accounts Payable 84

Accounts Payable Foreign Exchange B2B Invoicing 84

PYMNTS

DECEMBER 4, 2019

This week, the firm announced a collaboration with Ebury to integrate foreign exchange (FX) and cross-border payment services into its product suite. Some businesses just accept forward currency exchange risk without knowing that it could be covered at low cost,” he said. The Right Service Combination.

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

PYMNTS

MARCH 23, 2020

Many freelancers still receive their payments via traditional wire transfers — despite the fact that they can receive payments from friends in an instant — and a large number of firms do not accept or send payments in alternative currencies. dollar or the British pound.

Foreign Exchange 61

Foreign Exchange Currencies Valuation Invoicing 61

PYMNTS

JANUARY 19, 2021

Britain’s government is planning to shore up the Prompt Payment Code to make it so that 95 percent of invoices for SMBs need to be paid within 30 days. If the firm decides to go ahead, the public offering could be the biggest market debut ever made by a Southeast Asian firm on a foreign exchange.

Foreign Exchange 53

Foreign Exchange Currencies Invoicing Planning 53

PYMNTS

JANUARY 8, 2018

SMBs with foreign exchange (FX) requirements have been adversely impacted by FX volatility in the last year , found Bibby Financial Services (BFS) in its latest report. The company also revealed that currency fluctuations represent global SMBs’ largest challenge. 62 percent of invoices sent by U.K. 67 percent of U.K.

Foreign Exchange 51

Foreign Exchange Invoicing Currencies Construction 51

PYMNTS

DECEMBER 11, 2019

Kohli pointed to the added benefits of incoming cash-flow predictions, enhanced invoicing and reconciliation capabilities, and stronger engagement with a vendor’s client community. Foreign exchange (FX) is undoubtedly one of the biggest hurdles. “The person receiving it is just happy to get paid.” and Turkey.

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

FEBRUARY 5, 2020

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

NOVEMBER 6, 2018

Fluctuating foreign exchange rates are a relatively new phenomenon,” he told Webster. “It No one yet has found a good way to price exchange rates or to price currencies. Costs of goods or services used to produce — well, goods and services — are invoiced in foreign currencies.

Foreign Exchange 76

Foreign Exchange Currencies Invoicing Forecasting 76

PYMNTS

JUNE 28, 2016

The Brexit vote has tossed the small business community into the headwinds of foreign exchange volatility, and U.K. According to Western Union Business Solutions head for APAC, Middle East and India operations Simon Glendenning, Hong Kong deserves some attention when it comes to corporate foreign exchange management.

Foreign Exchange 40

Foreign Exchange Invoicing Currencies Leverage 40

PYMNTS

MARCH 30, 2017

Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas.”. Last year Western Union Business Solutions released new services for small businesses looking to hedge and mitigate against foreign exchange volatility. small businesses.

Foreign Exchange 43

Foreign Exchange Prioritization Currencies Treasury 43

PYMNTS

MARCH 5, 2019

CurrencyVue offers a foreign exchange risk management platform that integrates with companies’ existing ERP and accounting systems. The deal followed WorldFirst’s rollout of small business multi-currency accounts in China, announced last November via its local brand. and the U.K.

B2B 43

B2B Foreign Exchange Invoicing Risk Management 43

PYMNTS

MARCH 16, 2016

Foreign currency payments firm Midpoint got a bit closer to its small business accounting partner, Xero, this month when it revealed that not only had they extended their collaborative ties but that Midpoint would also be adding a “Pay Now” button to invoices sent through Xero. Collaboration.

Foreign Exchange 42

Foreign Exchange Banking Invoicing B2B 42

Global Finance

JUNE 6, 2024

This tool allowed the entire buyer-supplier ecosystem to move away from manual invoice and payment processing to real-time monitoring of invoices, payments and balance tracking. It delivers payments directly to a worldwide workforce, without bank processing or currency conversion fees.

Construction 109

Construction Compliance Cash Management Treasury 109

PYMNTS

JUNE 28, 2019

Under the partnership, TransferMate’s Global Invoice Connect service will be available for Wells Fargo’s international business clients. The partnership aims to reduce administrative expenses and manual input by automatically matching invoice amounts received with amounts owed. The platform will support the U.S.

Foreign Exchange 44

Foreign Exchange B2B Invoicing Nonprofit 44

PYMNTS

NOVEMBER 7, 2019

. “The bar these days is to have a full complement of local payment methods, and the relevant currency in each market,” he told PYMNTS of the challenge in cross-border recurring payments. An announcement on Wednesday (Nov. are often a preferred payment tool for both sender and receiver.

B2B 40

B2B B2C Foreign Exchange Invoicing 40

PYMNTS

DECEMBER 17, 2019

. “It used to be something that was for much larger corporations, but now the middle market is trading in foreign currencies much easier and more quickly.” Even when pre-booking rates with banks, said Cran, costs can be significant – particularly as FX volatility of the world’s major currencies continues to grow.

Marketing 52

Marketing Accounts Payable Foreign Exchange Invoicing 52

PYMNTS

MAY 5, 2016

The solution supports payments sent via ACH, wire transfer, check or virtual card, the companies said, and can function across more than 140 currencies. The service providers negotiate foreign exchange rates with other cross-border payment service providers, reports added.

Foreign Exchange 40

Foreign Exchange Accounts Payable B2B Invoicing 40

PYMNTS

JUNE 21, 2019

Many freelancers live in different countries than their ad hoc employers, making currency exchange rates and payment tracking significant concerns. Toptal provides gig workers with invoicing services and payment options, including to transfer funds into bank accounts through a partnership with cross-border payments company Payoneer.

Foreign Exchange 43

Foreign Exchange Currencies Invoicing Leverage 43

PYMNTS

AUGUST 18, 2016

Earlier this week, for instance, Hitachi Capital Invoice Finance pointed to threats within global supply chains stemming from the economic uncertainty over Brexit. Hitachi Capital Invoice Finance said alternative lenders and trade finance players could stand to gain from the situation, for example. ’s SMEs.

Foreign Exchange 40

Foreign Exchange Banking Invoicing Finance 40

PYMNTS

JUNE 15, 2016

Cross-border operations can expose companies to an array of risks, including foreign exchange risk. According to Western Union, its newest tool for Hong Kong SMEs provides capabilities for favorable currency movements, reports said, while hedging against risk in the case of unfavorable FX fluctuations. A strong U.S. ” .

Foreign Exchange 40

Foreign Exchange Currencies Prioritization Invoicing 40

PYMNTS

JUNE 21, 2018

Do you know you could send a foreign exchange ACH payment instead? For instance, while a checking customer typically has a handful of accounts, a company could have 10,000 accounts in dozens of currencies around the world, and each individual corporate user typically has permission to see only certain accounts,” CNBC noted.

Treasury 44

Treasury Foreign Exchange B2B Invoicing 44

PYMNTS

APRIL 18, 2016

” There are the obvious sources of information being handled by cross-border business partners, he noted, like invoices and purchase orders. But corporations must also handle data and documents that exchange more hands than they would in a domestic transaction, the executive explained. Exposure To Risk .

Foreign Exchange 40

Foreign Exchange Invoicing B2B Currencies 40

PYMNTS

JULY 8, 2016

With $3 million in new venture capital, Australia-based Airwallex is helping businesses pay and issue cross-border invoices in the currency of their choice. “It can take days for the money to reach its destination, and the transfer and foreign exchange fees are excessive and often prohibitive to SMEs.”

B2B 40

B2B Startups Foreign Exchange Invoicing 40

PYMNTS

JULY 26, 2019

There is also the issue of corporates delaying their payment terms to vendors and paying invoices late beyond agreed-upon terms. Kissler noted that CaixaBank also had to make decisions about which foreign currencies to prioritize and retrain staff in both its middle and back offices as part of a diligent transformation.

Foreign Exchange 64

Foreign Exchange B2B Prioritization Banking 64

PYMNTS

APRIL 11, 2017

are issued a warning about foreign exchange rates. Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas,” Anderson continued, adding that some services, like those offered by Money Mover, allow a small business to lock in an FX rate to ease the impacts of rate fluctuations.

Foreign Exchange 43

Foreign Exchange Economics Treasury Invoicing 43

PYMNTS

MARCH 1, 2018

Of course, language and currency can be a struggle. Mac acknowledged a “learning curve” when entering into such an ecosystem of differing rules, language barriers and foreign exchange demands — the latter of which can also significantly complicate the expense management process.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40

Future CFO

JANUARY 21, 2021

One immediate challenge that the Treasury department faced was foreign exchange (FX) exposure. Steven Ho, finance director at TVS Asianics, noted that his business does a “fair bit of transactions in foreign currencies.” Co-hosed by Kyriba, the lively discussion highlighted a general shift toward the digital Treasury.

Treasury 52

Treasury Foreign Exchange Currencies CFO 52

Creative CFP

OCTOBER 2, 2020

There is drill-down functionality available from the general ledger, and you can click right through to the supplier invoice. There is an automatic link to XE.com , so multi-currency transactions are converted automatically to your reporting currency. It makes any query and audit way easier than before.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52

PYMNTS

OCTOBER 7, 2016

million in a pre-Series A round, the largest amount raised for a digital currency company in India. test BTC sale of a picture of two cats sitting in front of a sunset composed of ASCII characters, an invoice for bitcoin and payment routing through multiple nodes. Some investors are convinced of the potential of bitcoin in India.

Currencies 99

Currencies Foreign Exchange eCommerce Banking 99