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

NOVEMBER 2, 2020

APS Payments , which works in omnichannel B2B payments, is integrating tech with enterprise resource planning (ERP) product Sage X3 to allow for quick and secure payments, according to a press release. And with APSPays Vault, companies can store information securely and access reporting tools for reconciliation.

B2B 74

B2B Reconciliations Invoicing Currencies 74

PYMNTS

SEPTEMBER 17, 2020

Its vendor management module integrates directly into educational institutions' enterprise resource planning (ERP) and AP systems to streamline supplier payment workflows, but also has a strong focus on supplier needs, including payment type and currency. Paymerang Eyes The Supplier's Role In AP.

B2B 92

B2B Vendor Management Marketing Accounts Payable 92

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. Carrere says.

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

Bramasol

APRIL 15, 2024

To help understand the various ways to combine traditional AI and Generative AI to accomplish operational, planning and strategic management goals, let's dive into three different scenarios. Also, security of data being used in AI and Gen-AI planning will need to be rigorously managed to assure accuracy, timeliness, and security.

SAP 83

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 83

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. According to Dean M.

Reconciliations 61

Reconciliations B2B Invoicing Accounting 61

PYMNTS

NOVEMBER 19, 2020

Through integration with enterprise resource planning (ERP), the A2A solution enables a more seamless B2B payment experience for both buyer and seller while both sides also gain access to rich remittance data, the company noted.

B2B 104

B2B Reconciliations Risk Management Accounting 104

PYMNTS

JUNE 21, 2017

It’s this inability to communicate that is causing connections to fall apart through the lifecycle, from initiation at the point of sale to back-end reconciliation. Treating points as a currency at the physical point of sale is a totally different transaction with settlement that can be all over the map,” Parker said.

Reconciliations 65

Reconciliations Currencies Communication Sales 65

PYMNTS

AUGUST 13, 2019

importer told the publication of its reliance on surcharges to mitigate the risk of currency fluctuations. Galis noted that the company plans to announce more partnerships with traditional financial institutions moving forward. With machine [technology] imbedded in their [enterprise resource planning] ERP, it’s fully automated.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

MARCH 5, 2019

Multi-currency IBAN account provider ONPEX is collaborating with Canada’s Wirexend to provide multi-currency payment solutions for joint business customers. The companies noted that connecting IBANs to Wirexend accounts supports faster and easier reconciliation and security.

Foreign Exchange 46

Foreign Exchange Currencies Reconciliations Accounting 46

PYMNTS

JANUARY 20, 2021

Thanks to this agreement we can now offer JAGGAER customers and their suppliers improved tracking, reconciliation and speed of processing or receiving cross-border transactions in 134 currencies,” JAGGAER CEO Jim Bureau said in the announcement.

Foreign Exchange 57

Foreign Exchange Reconciliations Strategic Planning Currencies 57

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

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.

Currencies 54

Currencies Reconciliations Healthcare Banking 54

Future CFO

APRIL 18, 2022

Click on the link to download to discover in detail a list of the benefits that IBM Cognos Controller provide for finance teams: Data collection and validation Reconciliations Workflow and tasks to improve the close cycle Currency conversion Minority interest calculations Inter-company eliminations Group closing adjustments Management adjustments Allocations (..)

Finance 52

Finance IFRS GAAP Accounting Principles 52

PYMNTS

SEPTEMBER 18, 2019

financial institution Wells Fargo has announced plans to pilot an internal settlement solution that operates on distributed ledger technology (DLT). dollars, though the FI added that it plans to expand the testing of this service to other currencies. In a press release on Tuesday (Sept.

Reconciliations 49

Reconciliations Currencies Banking Technology 49

PYMNTS

JUNE 7, 2016

After a few weeks of painful reconciliation, the problem was solved – and a business opportunity was born. For now it’s having the banking partners that do the foreign currency collection and conversion, then we receive the U.S. dollars and deliver to clients,” Massaro explained.

Planning 42

Planning Education Reconciliations Banking 42

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. team has grown by 25 percent, with plans to double in the near future. For most companies, domestic billing is easy.

Reconciliations 52

Reconciliations Invoicing Education Compliance 52

Planful

JANUARY 19, 2016

Then we would key the numbers into a spreadsheet and perform the currency translations there. (I Intercompany reconciliations were a nightmare, with many phone calls to the foreign subs. Consolidating the financial results following US GAAP or IFRS guidelines, including these steps: Performing currency conversions.

IFRS 40

IFRS GAAP Reconciliations Auditing 40

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. This enables more robust cash application planning. “The person receiving it is just happy to get paid.” and Turkey.

B2B 53

B2B Accounts Payable Invoicing Currencies 53

The Finance Weekly

APRIL 13, 2024

The finance industry employs a multitude of software solutions to facilitate budget creation, and financial reporting, and to assist financial analysts and investors with financial planning and forecasting. This allows finance teams to execute planning, analysis, and collaboration activities with exceptional rapidity and assurance.

Financial Planning and Analysis (FP&A) 52

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

JULY 11, 2019

The cards can be issued in USD, GBP and euro, and WEX plans to add support for additional currencies moving forward. WEX operates with our customers’ long-term best interests in mind and always looks for new ways to improve our payment innovations,” said WEX Corporate Payments President Jay Dearborn in a statement.

Reconciliations 43

Reconciliations Currencies Securities Planning 43

Bramasol

SEPTEMBER 8, 2024

Better Insights : Provides deeper insights into revenue metrics and performance, supporting better decision-making and strategic planning. The matching principle is supported inherently and therefore no periodic batch jobs are needed for reconciliation. This PoC is then applied to the planned cost.

SAP 59

SAP General Ledger Compliance Accounting Standards 59

Planful

FEBRUARY 21, 2017

If the business operates in different geographies there will be the additional complexity of multiple currency conversions, intercompany reconciliations and accurate accounting of minority interests. Attend to Reconciliations Early. A big challenge in the year-end close process is account reconciliations.

Reconciliations 40

Reconciliations IFRS GAAP Leverage 40

Planful

JUNE 3, 2021

Investing in innovative technology, such as a cloud-based planning and consolidation platform, gives your finance teams the support they need for financials. Manual reconciliation is the most frustrating aspect of creating consolidated financial statements. Transform the Finance Consolidation Process. The solution?

Compliance 40

Compliance Reconciliations Currencies Finance 40

PYMNTS

MARCH 24, 2016

While much of Flywire’s (formerly peerTransfer) efforts have been focused on enabling payments cross-border for international students, it’s got another plan to expand its payments reach. Serving international patients at 60 U.S. Flywire announced yesterday (March 23) a new sponsorship agreement with the U.S.

Reconciliations 40

Reconciliations Education Nonprofit Currencies 40

PYMNTS

JANUARY 16, 2018

Students and their families need to pay tuition in the proper currency and in a timely fashion. Students can use the portal in their own currency, fill out information and put in requests for the amount of money they want,” Carter said, adding that the system also helps Florida Tech with reconciliation. “It

Education 43

Education Currencies Reconciliations Planning 43

PYMNTS

JULY 8, 2016

In a recent announcement within the treasury management space, EDI Gateway, a service provider specializing in SMBs and focused on enterprise resource planning and B2B applications, linked up with AZUR , a cloud-based treasury management firm, to offer the latter’s eFinancialSuite to vendors.

Treasury 40

Treasury Reconciliations B2B Currencies 40

PYMNTS

MARCH 8, 2018

In Australia, a hospitality company is putting blockchain solutions to work on payment reconciliation. The solution, which is also being launched in New Zealand and South Africa, is designed to provide direct-to-bank deposits, enabling freelance workers in all three markets to receive local currency payments in their bank accounts.

Education 43

Education Accounts Payable Reconciliations B2B 43

PYMNTS

SEPTEMBER 4, 2018

The report cited research from Euromoney in which more than two-thirds of organizations said they would be interested in adopting a tool that provides automated, 24/7 currency conversion solutions based on real-time FX rates.

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

MAY 3, 2018

Some businesses have even decided to shelve potential global expansion plans because they couldn’t find an easy way to settle payments and weren’t looking to build a science project to accomplish it. “It Lane noted the integration will also enable clients to view and settle payments with their preferred payment or currency type.

B2B 40

B2B Reconciliations Invoicing Currencies 40

PYMNTS

MARCH 1, 2018

That means an in-the-moment booking, or plans to secure a ride in a luxury vehicle by a professional driver, or ground transportation for hundreds of employees at a company party. But it can also mean booking rides a year in advance, “which is something businesses love in terms of planning, budgeting and expense management,” the CEO noted.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40

The Finance Weekly

OCTOBER 13, 2021

For example, a retailer might discover that, despite plans to build another location, many of its consumers choose to never shop in a store again. To alleviate this concern, finance teams should employ scenario modeling and financial planning tools to compare the immediate expense of the move to the long-term income potential.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Economics Risk Management Reconciliations 52

Planful

AUGUST 1, 2017

If the latter is the case, Planful recently held a webinar focused on how you can automate and accelerate the financial close, consolidation, and reporting process and free up more Finance time for value-added analysis. This includes dealing with the following issues: Currency translation. Intercompany reconciliations.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

CS Lucas

APRIL 28, 2023

BENEFITS Integrating CS Lucas with your bank offers several benefits, including: Accurate and up-to-date information for planning : With integration, bank balances and electronic statements are automatically retrieved and populated in real-time, enabling faster and more informed decision-making.

Banking 52

Banking Reconciliations Accounting Securities 52

CFO Thought Leader

OCTOBER 6, 2024

Our humble beginnings evolved through trying to help accountants to close their books through account reconciliations, matching transactions, and managing the tasks of far-flung accounting operations. The thing is, many of these constructs may involve different controllers, different currencies, and different regions of the world.

CFO 52

CFO Leadership Tax Planning Problem Solving 52

PYMNTS

MAY 7, 2018

In February it announced the launch of its new mobile app for viewing and managing payments across platforms, cards and other payment methods, in addition to plans for making the Google Pay capability accessible to all. In addition, it will decrease manual reconciliation costs. It’s expensive and time consuming. What did we learn?

Reconciliations 53

Reconciliations Currencies Accounting Sales 53