PYMNTS

NOVEMBER 20, 2019

Citi noted traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collection and reconciliation. The platform integrates cross-border billing, payment acceptance and reconciliation into a single solution. “In

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

PYMNTS

NOVEMBER 20, 2020

Whether that means establishing subsidiaries abroad, acquiring customers in new geographic markets, or stepping into a new space via mergers and acquisitions (M&A), even small companies are often global ones. The challenges of international financial workflows don't end once a payment is received and currency conversion occurs, either.

Mergers and Acquisitions (M&A) 61

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

Bramasol

APRIL 15, 2024

Scenario One - Insights to Action It's important to remember that traditional AI has actually been used in business for decades, in the form of machine learning, chatbots, predictive analytics, personalized marketing, etc. to drive financial models. Options for quickly simulating multiple models for comparative analysis and decision-making.

SAP 84

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 84

PYMNTS

OCTOBER 14, 2020

Unlike solutions on the market today that only offer a handful of ERP integrations and require a manual intervention to complete a payment, RegalPay One offers a bank-branded platform that connects directly to their corporate customers' ERP system," Ed Wertzberger , vice president of solution delivery for Regal Software, said in the announcement.

B2B 82

B2B Banking Accounts Payable Reconciliations 82

Global Finance

SEPTEMBER 9, 2024

Things change on a daily basis, which is very different from three or four years ago,” says Herve Carrere, chief product officer, Treasury and Capital Markets, at Finastra. Real-time data processing allows for more agile responses to market changes and internal financial shifts,” says Blake. Carrere says.

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

PYMNTS

AUGUST 3, 2020

It’s one factor in why so few challenger banks have launched in the country compared to markets like the U.K., However, there are efforts to lower the barriers to entry for market newcomers. “Being the world’s reserve currency, naturally regulators are going to take more time. .” As a whole, the U.S.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

Simply Treasury

JUNE 3, 2021

Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets. Contrary to the recent excitement for Bitcoins, crypto currencies do not seem to be a priority for treasurers.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

SEPTEMBER 30, 2019

To open up new currency options and new markets for cardholders of JCB across Asia, Flywire and JCB International, Co., Its platform offers one point of management as well as payer engagement from billing and payment through reconciliation.

Reconciliations 59

Reconciliations Currencies Education Securities 59

PYMNTS

JULY 10, 2019

The service automatically extracts data from invoices, PDFs and other trade documents and automates accounts payable while storing payables information for reconciliation and accounting. Businesses can pay invoices immediately or dictate a payment date while retaining a fixed foreign exchange rate when they upload an invoice to the platform.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

JUNE 29, 2018

These travelers might be prepared to pursue opportunities in new markets, but the challenges of cross-border payments can throw a wrench into even the best-laid plans. Physical currency can be problematic for a variety of reasons, though, including that employees might not get the best foreign exchange rates.

Reconciliations 43

Reconciliations General Ledger Foreign Exchange Currencies 43

The Finance Weekly

APRIL 13, 2024

Key Features Bank connections Automatically captures data Multi-currency accounting Cloud file uploading and data storage Sales Tax Finance Analytics Manage fixed assets Hundreds of app integrations Pricing Xero is currently offering a 30-day Free trial on top of the three plans they offer.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

PYMNTS

MARCH 16, 2017

We were surprised to see businesses actively selling into markets because they had a vehicle to receive payments there, and they were actively avoiding other markets because they didn’t know how to get paid there,” Moen said of Flywire’ s conversations with companies revealing their B2B payment pain points. Time For Change.

B2B 43

B2B Marketing Compliance Invoicing 43

PYMNTS

JUNE 29, 2016

Their collaboration targets the friction associated with the payments experience for video content creators, and will look to enable these companies to accept payment in their home currency. The solution supports global ACH, prepaid card, wire transfer, PayPal and other payments rails.

B2B 40

B2B Marketing Reconciliations Currencies 40

PYMNTS

MAY 20, 2019

dollars or in the customer’s local currency. TransferMate collects funds from customers located in over 50 countries around the world through local funds transfer in customers’ local currency. Global Invoice Connect provides electronic bill presentment in U.S.

Invoicing 53

Invoicing Foreign Exchange Reconciliations Currencies 53

PYMNTS

APRIL 30, 2018

Some of the benefits include faster entry into new markets, lower operational costs, faster speed and end-to-end visibility over a payment’s journey. “By By tapping our global network with xVia, our customers now access new markets quicker and cost efficiently,” said Asheesh Birla, senior vice president of product at Ripple.

Reconciliations 70

Reconciliations Currencies Marketing Banking 70

PYMNTS

DECEMBER 15, 2017

It’s no secret that growth in cross-border trade has been explosive, where digital commerce and devices have brought heretofore untapped consumers to companies — transacting across time zones, currencies and languages. Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

PYMNTS

OCTOBER 28, 2020

Transaction information moves without intervention into Tallie to be compared with receipts for reconciliation. The solution is partnered with TransferWise and will harness TransferWise’s own accounts to exchange international currency at the mid-market exchange rate instead of depending on the global SWIFT infrastructure.

Accounts Payable 49

Accounts Payable Reconciliations Currencies Accounting 49

PYMNTS

OCTOBER 8, 2018

TransferMate, which is partly owned by AIB and ING Group , has built one of the largest portfolios of payment licenses in the world, partnering with banks, FinTech firms and software providers to offer its clients better exchange rates, lower bank charges and improved reconciliation.

Reconciliations 69

Reconciliations B2B Accounting Currencies 69

PYMNTS

MAY 5, 2019

In other news, Singapore’s Chief FinTech Officer of the Monetary Authority said that while blockchain has potential for cross-border payments, the agency “does not see much” in retail bank digital currencies. The design phase is underway, with testing to begin in Q2/Q3 2019. will be joining Ripple’s board of directors. “I

Currencies 54

Currencies Reconciliations Healthcare Banking 54

PYMNTS

FEBRUARY 16, 2017

Typically, Galit explained in a recent interview with PYMNTS, SMEs using software solutions without an integrated global payments technology have to exit that software platform and work with banks to somehow ensure payments are sent and received, creating headaches for accounting, reporting and reconciliation. “In

B2B 75

B2B Reconciliations Currencies Technology 75

Bramasol

SEPTEMBER 8, 2024

The matching principle is supported inherently and therefore no periodic batch jobs are needed for reconciliation. Leveraging the cloud's power, SAP Cloud Public Edition delivers unmatched scalability, flexibility, and innovation, allowing businesses to swiftly adapt to evolving market conditions and regulatory demands.

SAP 59

SAP General Ledger Compliance Accounting Standards 59

CFO Leadership

MARCH 31, 2022

Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. New currencies, global banking structures, regional regulations, disparate processes, and disconnected systems all add complexities to the treasury operations. Download the fact sheet.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

AUGUST 6, 2018

. ‘s Manchester United is teaming up with mobile betting and gaming brand MoPlay , and Iran is relaxing currency rules. With the integration, small businesses in the country can use direct debit to automate their payment collection and reconciliation processes. Plus, the bank would allow currency markets to open again. “We

Foreign Exchange 40

Foreign Exchange Pharmaceutical Currencies Reconciliations 40

PYMNTS

FEBRUARY 28, 2020

Organizations that absorb and process supplier invoices within the Centsoft platform can see that data be automatically added into QuickBooks Online to support the payment and reconciliation process. B2B payments market. “This combination increases data accuracy, and shortens payment cycles.”

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

AUGUST 13, 2019

that has led to a depreciation of the pound are having widespread impacts throughout supply chains with touchpoints in the markets. importer told the publication of its reliance on surcharges to mitigate the risk of currency fluctuations. But that, he said, is also one of the largest challenges in this market.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

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

MARCH 20, 2018

According to Flywire, Nigeria is a good market for cross-border payments and is the leading source for international students and patients from Africa, with around 15,000 Nigerians studying at colleges and universities in the U.K. during the 2016-2017 school year.

Foreign Exchange 51

Foreign Exchange Healthcare Education Reconciliations 51

PYMNTS

FEBRUARY 10, 2017

Paper-based payments are less than ideal, and firms paying across borders must track documentation effectively, as well as contend with currency issues and the preferences vocalized by the workers themselves. The other feature, titled Off-Platform Payments, can enable workers to be paid in their local currencies.

Reconciliations 45

Reconciliations Currencies Communication Numbers 45

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. That information flow comes in on a real-time basis, rather than through the typical process of month-end reconciliation. The Gig Economy. The Advantages.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

DECEMBER 12, 2019

The robust activity in B2B API development points to a highly configurable world of faster payments, greater transparency, and the flexibility markets now demand. 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. Out with the Old.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

AUGUST 2, 2018

GoCardless supports automated reconciliation, said its head of partnerships Josh Sasto in a statement. Payments Market report that found direct debit facilitated 4.2 Invoices can request payment in multiple currencies, while companies can also create separate legal entities for their subsidiaries in other markets.

Invoicing 40

Invoicing Accounting Reconciliations Currencies 40

PYMNTS

DECEMBER 9, 2020

So, it’s no surprise that in a fireside chat with PYMNTS Karen Webster, Visa’s Alan Koenigsberg, global head of new payment flows at Visa Business Solutions; and Tim Summers, vice president of Visa Direct global segments and market development, said B2B payments between buyers and suppliers are poised to pick up speed as they travel round the globe.

B2B 134

B2B Reconciliations Accounting Invoicing 134

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

There are a ton of off-the-shelf software solutions, and the process is simple and straightforward with one currency, one format, well-understood payment methods and costs,” said Mike Massaro, CEO of Flywire. For most companies, domestic billing is easy. Since June 2017, Flywire ’s U.K.

Reconciliations 52

Reconciliations Invoicing Education Compliance 52

PYMNTS

JANUARY 22, 2021

Digitization in the healthcare sector is on the rise as more B2B FinTechs and platforms come to market, he said, but that doesn't mean data challenges are automatically overcome. The focus is on real-time transactional data, and making sure we take manual processes out of reconciliation.".

Healthcare 74

Healthcare B2B Prioritization Accounts Payable 74

PYMNTS

FEBRUARY 6, 2020

In today’s market of real time, legacy payments infrastructure needs a facelift. Market incumbents and industry newcomers alike are exploring ways to bypass existing rails in favor of entirely new ones. Corporates’ Real-Time Demand. But as Kramer explained, there are opportunities for real time in the B2B landscape.

B2B 67

B2B Reconciliations Treasury Technology 67

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 Economics 44