Remove Economics Remove Invoicing Remove Reconciliations
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The Economic – And Ergonomic – Value Of Commercial Card Optimization

PYMNTS

Firms might already be using their cards for corporate travel spend or micropayments, but may rarely use the payment tool to settle supplier invoices. “It’s not only the economics that are being optimized” by accepting cards, Leavitt said. “We’re seeing a lot more of that mentality.”

Economics 104
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Buyers And Suppliers Tackle The Invoice-To-Pay Digitization Journey

PYMNTS

The Optimizing AP and AR Playbook , a collaboration between PYMNTS and OnPay Solutions , found last month that an estimated nine billion paper invoices are processed every year in U.S. For both sides, the transaction data of a virtual card payment means streamlined reconciliation and reporting. “That’s not the case. .

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Deep Dive: Why Costly, Slow Invoice Reconciliation Is Hurting Firms? And Freelancers? Finances

PYMNTS

Freelancers have seen particularly harsh economic effects from the ongoing pandemic. Forty percent of those in the U.S. have lost at least $10,000 in income since its onset, leaving many operating on fast-declining savings. The nation

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Citi Launches Cross-Border Accounts Receivable Platform

PYMNTS

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

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Saudi Arabia Launches Invoice-To-Pay Portal

PYMNTS

The solution, developed by SAMA subsidiary Saudi Payments, enables vendors to issue invoices electronically to government and corporate clients, and receive electronic payments to reduce administrative burdens and costs on both sides.

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AR Innovations Lag AP Advances For B2B Payments

PYMNTS

That mismatch of innovation creates B2B chokepoints, where digital invoices and payments are increasingly pushed to suppliers who don’t have the technology or automation in place to handle those technological advancements. Another factor — there hasn’t been a real diversity of economic models across open-loop networks, Aquilina said.

B2B 79
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How Treasurers Can Prepare For A Real-Time Payments Ecosystem

PYMNTS

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. “Here’s the big ‘ah-ha,'” said Long. ” Coexisting Systems.

Treasury 117