PYMNTS

AUGUST 3, 2020

“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. “The U.S.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

JULY 10, 2019

FLEETCOR -owned Cambridge Global Payments has announced the launch of its Invoice Automation Solution. The service automatically extracts data from invoices, PDFs and other trade documents and automates accounts payable while storing payables information for reconciliation and accounting.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

OCTOBER 14, 2020

Reconciliation also comes with the offering. In June, MineralTree introduced “end-to-end” multi-currency functions to assist middle-market companies in digitizing each of their AP procedures on a single platform. In September, MineralTree Inc. announced a $50 million Series D investment round and the acquisition of two firms.

B2B 82

B2B Banking Accounts Payable Reconciliations 82

PYMNTS

FEBRUARY 28, 2020

Purchase, invoice and transaction data are invaluable to the journey of digitization and automation, but organizations are increasingly recognizing that the value can only be realized if that data can integrate seamlessly across platforms. “This combination increases data accuracy, and shortens payment cycles.”

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

AUGUST 2, 2018

Accounts receivable (AR) management solutions provider Invoiced has enhanced its platform through a partnership with U.K.-based The company announced in a press release Wednesday (August 1) that its collaboration with GoCardless enables businesses to support direct debit payments when they invoice their customers.

Invoicing 40

Invoicing Accounting Reconciliations Currencies 40

PYMNTS

NOVEMBER 2, 2020

With APS ClickToPay, companies can have customer invoices paid directly to accounts receivable. And with APSPays Vault, companies can store information securely and access reporting tools for reconciliation. And, users can access Level 3 B2B processing, offering greater payments controls and lower rates, according to the release.

B2B 74

B2B Reconciliations Invoicing Currencies 74

PYMNTS

NOVEMBER 20, 2020

While expanding internationally is the easy part, the challenge often comes in the back-office financials like invoicing , cross-border payments, accounting and reconciliation. The challenges of international financial workflows don't end once a payment is received and currency conversion occurs, either. It can be nightmarish.".

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

APRIL 7, 2019

“The enhancements improve the payment-to-settlement time, increase security and reduce costs for both payers and receivers by further automating and streamlining reconciliation of the growing number of international payments coming from different countries in different currencies,” the company said.

Reconciliations 62

Reconciliations Currencies Invoicing Compliance 62

PYMNTS

FEBRUARY 26, 2020

One of the biggest challenges in B2B payments today for both buyer and supplier is the need for transaction data for remittance, reconciliation and accounting. The integration means invoices can be scanned in Centsoft, with that information automatically added into Quickbooks to be routed, approved, and paid.

Accounts Payable 72

Accounts Payable Accounting Invoicing General Ledger 72

PYMNTS

APRIL 30, 2020

ACH transaction data standardization will also be important for reconciliation and reporting, said Thorness. Invoiced Tackles The Friction of Check. In a statement, Invoiced said the tool enables physical checks “to be digitized and applied automatically.” ” APIs Connect Corporates To Payment Rails Directly.

Invoicing 73

Invoicing Reconciliations Currencies B2B 73

PYMNTS

JANUARY 20, 2021

To get there will require solutions that integrate directly into an organization’s existing AP and AR workflows, whether that means connecting to the business’ ERP system or streamlining processes and complexities with global FX, reconciliation and cash flow management. It doesn’t have to be complicated, though.

B2C 70

B2C B2B Currencies Invoicing 70

PYMNTS

FEBRUARY 4, 2020

Once reserved for only the largest and most sophisticated firms, automated enterprise resource planning (ERP) and accounting platforms are now accessible for even the smallest of businesses, and data from those systems is the new currency of operational efficiency. A Reconciliation Headache. Data’s Favorite Payment Rails.

Reconciliations 61

Reconciliations B2B Invoicing Accounting 61

PYMNTS

DECEMBER 9, 2020

The enterprise simply wants to have a seamless solution in place when, for example, they want to convert three days’ worth of sales to cash, or when they want to pay an invoice. The business, Summers explained, is agnostic to just how funds get to where they need to go. B2B Use Cases Are Mushrooming.

B2B 134

B2B Reconciliations Accounting Invoicing 134

PYMNTS

MAY 18, 2017

Flywire also looks at reconciliation, where such payments of size have traditionally been done through international wire transfers.”. The manual process can involve taking an invoice in person to the bank, in certain countries, and, with certain documents in hand, wire the money. For that invoice sent from the U.S.

Invoicing 59

Invoicing B2B Reconciliations Currencies 59

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

JULY 10, 2019

Traditional accounts payable suffers multiple points of friction often rooted in that data is stored on paper or stuck in emails, is rarely integrated across multiple back-office systems, and is not easily digitized and analyzed for reconciliation and cash management purposes. Open Banking. Bank-FinTech Collaboration.

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

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. Addressing cross-border receivables friction is about more than just ensuring that a supplier gets paid. and Turkey.

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

SEPTEMBER 7, 2017

7) that a partnership with Xero means joint corporate users will have access to global payments capabilities, with companies able to sync invoices from Xero into Veem to pay bills. The companies also noted their integration enhances automation of data entry and management for more reliable reconciliation.

Invoicing 50

Invoicing Reconciliations B2B Currencies 50

PYMNTS

JUNE 17, 2020

Once booked, the trip can be paid for via the Expensify Card, with transaction details automatically captured for reconciliation and reporting. The integration also supports automated reconciliation and cash flow management, the companies noted in a press release. Amadeus B2B Wallet Expands Functionality.

Reconciliations 67

Reconciliations Accounts Payable B2B Risk Analysis 67

Global Finance

SEPTEMBER 9, 2024

So that could either be that you’re doing cash flow forecasting to make sure, in the very short term, that you have enough liquidity to pay all your salaries and invoices and to make sure everything is clear. “It’s an activity, but what is really important is the consequence of that activity,” he notes. “So Carrere says.

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

PYMNTS

JULY 9, 2019

Most said they manually manage intercompany processes like reconciliation, while ad-hoc functions are also common. The tool lets treasurers keep a single account for each currency, for example, or to group accounts based on product line or legal entity.

Foreign Exchange 60

Foreign Exchange Banking Currencies Accounting 60

PYMNTS

NOVEMBER 26, 2019

“Our organizations share the view that supplier experience is a vital component to customer satisfaction,” said WEX Senior Director of Supplier Services Dylan Jones in a statement, adding that the partnership with Billtrust will enable WEX “to solve for the ‘last mile’ of automated settlement and reconciliation.

Accounting 64

Accounting Accounts Payable B2B Reconciliations 64

PYMNTS

JULY 10, 2020

Nium then facilitates an electronic funds transfer to the supplier and can support either domestic transfers or cross-border transactions in the currency of an invoice. In addition to heightened visibility and access to reconciliation data, corporate cards connect businesses to a valuable line of credit.

Entertainment 80

Entertainment Accounts Payable B2B Reconciliations 80

PYMNTS

MAY 22, 2018

Earlier this month, the company announced a new international invoicing service that can streamline the billing process for companies serving customers outside of their home countries. For most companies, domestic billing is easy. Since June 2017, Flywire ’s U.K. team has grown by 25 percent, with plans to double in the near future.

Reconciliations 52

Reconciliations Invoicing Education Compliance 52

Future CFO

SEPTEMBER 13, 2023

These transactions frequently span geographical borders, currencies, and ERPs, the firm pointed out, adding that given their inherent complexity, compounded by data quality issues and omissions, intercompany transaction failures are an issue organizations simply cannot ignore.

Accounting 52

Accounting Reconciliations Invoicing Currencies 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

DECEMBER 12, 2019

Contrast that with the fact that well over 40 percent of B2B invoices are still paid by paper check. Western Union’s trio of new APIs can perform a P2P transfer function, as well as send money to business accounts or Western Union agents in local currency.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

DECEMBER 17, 2019

that develops solutions for digital currency. He emphasized that the company’s aim is to help move digital currency — that is, digital forms of fiat currency — across bank rails, and that it has nothing to do with cryptocurrency, which is still an unwelcome concept to many financial institutions (FIs) and payments players.

Banking 52

Banking B2B Currencies Reconciliations 52

PYMNTS

NOVEMBER 11, 2019

RedCloud Technologies said earlier in the month that it had launched a payment solution, known as Cash Reconciliation & Invoicing By Optics, or CRIBO for short. The solution allows for global supply chains to digitize cash payments and reconcile invoices in real time. Suppliers are notified of real time transfer of funds.

Invoicing 40

Invoicing Reconciliations Currencies Banking 40

PYMNTS

MAY 3, 2018

It’s simple to explain, but extremely difficult for firms to do — particularly in the case of manufacturing mega-players like Coca-Cola or international veterinary supply firm IDEXX Laboratories, which are looking at funds coming in through dozens of payments methods, in scores of currencies and through a host of different regulatory regimes.

B2B 40

B2B Reconciliations Invoicing 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. This industry-targeted startup provides hospitality firms with a beverage management system, enabling them to manage alcohol inventory and invoice management via a mobile platform.

B2B 40

B2B Startups Foreign Exchange Invoicing 40

PYMNTS

FEBRUARY 8, 2018

B2B payments are an instrumental component of global trade and of setting the stage for currencies to operate as global instruments of cross-border trade. China’s renminbi (RMB) is one global currency that is pushing its international standing, but new data from SWIFT released earlier this month found 2017 was a mixed year for the currency.

B2B 44

B2B Currencies Reconciliations Banking 44

PYMNTS

FEBRUARY 12, 2018

Invoices still need to wind their way through the enterprise procurement and accounts payable departments, often taking 30, 60, 90 and sometimes as many as 120 days for the supplier to get paid. Bob the builder, the supplier, sends an invoice to Procter & Gamble (P&G) for $100. It works like this.

Invoicing 43

Invoicing Accounts Payable Accounting Reconciliations 43

PYMNTS

JUNE 9, 2017

Though that’s critical for a number of reasons – cash management and predictability, accounting and reconciliation, and reducing data-entry errors – combatting fraud may stand to gain the most from more sophisticated accounting data management practices. The firm provides payout capabilities in addition to invoicing and tax solutions.

Accounting 43

Accounting Technology Accounts Payable Invoicing 43

PYMNTS

JULY 31, 2017

Considering SMEs the world over are struggling with adopting electronic payments and invoicing, Indian companies are certainly facing a challenge. Cash, in the form of currency notes on hand, does not really help anyone,” Krishnan recently told PYMNTS. “It It is a non-productive depreciating asset.”. “GST

Invoicing 40

Invoicing B2B Accounts Payable Cash Management 40

PYMNTS

NOVEMBER 16, 2017

That need is pushing businesses to integrate technologies into their supply chain management systems to match payments, invoices and POs, for instance, for automated reconciliation. ” Such automation can similarly reduce invoice processing and reconciliation errors, too, he added. .

Reconciliations 41

Reconciliations Invoicing Accounts Payable Technology 41

PYMNTS

MARCH 16, 2017

Often, a company may finally receive payment, but the funds don’t match the invoice balance that was sent to the corporate customer. “It Sometimes it’s the fact that maybe an invoice was short-paid. It could happen for a variety of reasons,” said Althaus. The business segment is worth multiple trillions of dollars,” said Moen.

B2B 43

B2B Marketing Compliance Invoicing 43