PYMNTS

FEBRUARY 5, 2020

As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy. That information flow comes in on a real-time basis, rather than through the typical process of month-end reconciliation.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. It’s no secret that transactions done between businesses, or across borders, can be mired in manual tasks.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

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.”

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

MAY 1, 2018

For more than two-fifths of professionals surveyed, their organizations received more than 2,000 invoices every month. More than a third of survey respondents said as much as 40 percent of their supplier invoices involved a dispute, a supplier chasing money or other issues that required manual intervention and interaction.

B2B 47

B2B Invoicing Foreign Exchange Pharmaceutical 47

PYMNTS

MAY 13, 2020

Automation can accelerate the traditional process of “triangulating” transaction information between an invoice and supplementary information to facilitate a transaction or streamline workflows in cases in which financial institutions (FIs) must run credit checks to provide supply chain financing for a transaction to complete, Perplies said.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

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

MARCH 1, 2018

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. Every country has its own regulations, and the EU has its own complex regulations.”.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40

PYMNTS

DECEMBER 2, 2020

The tie-up is an extension of a current relationship that will have Satago’s offering smoothly linked with Sage Accounting, which will offer clients automated invoice chasing, invoice finance and credit risk analysis in a single system. Cobase, Ebury Team Up On FX Payments. Its customers, up until now, have been largely in the U.S.

Cash Management 57

Cash Management B2B Foreign Exchange Banking 57

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