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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.
Along with its parent company, Cambridge Global Payments, Global Exchange is introducing Invoice Automation Solutions, a new service for businesses across industries that will be added into the Cambridge Global Payments offering.
The tie-up is the newest of many strategic FinTech partnerships Barclays has announced in recent times, with MarketFinance providing invoicing financing products and Nimbla providing invoice insurance. “[SMBs] are the lifeblood of the U.K. Wells Fargo & Envestnet.
million small-business clients, the bank broadened its suite of payment acceptance offerings, including invoicing and a tap-to-pay option allowing merchants to accept card payments via their mobile devices. Through its prudent lending approach, robust riskmanagement, and geographic diversification, the bank nearly doubled its deposits to 17.36
Furthermore, he noted that workflow might be streamlined across some use cases, and can be automated — such as with generating a SWIFT international transfer, calculating accrued interest, generating invoices for a loan payment, and submitting to the systems of record to ensure accuracy and reconciled data.
SMBs can receive protection in case their corporate customers become insolvent or file for bankruptcy, or are unable to pay their invoices, according to Waldorf Trade Risk. Insuring against the risk of non-payment of outstanding invoices can support small businesses’ access to financing, the company noted.
Hong Kong – 14 June 2017 – Kerry Logistics, a leading logistics provider based in Hong Kong, was awarded Best Liquidity Management Strategy for 2016, using Reval, the leading global software-as-a-service solution for treasury and riskmanagement.
Cambridge Global Payments, an international payment and riskmanagement company, announced on Wednesday (April 20) that it struck a collaboration deal with Beanworks Solutions, a company that provides cloud-based AP automation tools. Together, the companies said they will look to digitize cross-border B2B payments.
India’s FinBox landed an undisclosed amount of pre-Series A funding, reports in Inc42 said this week, with investors at Arali Ventures leading the investment in the credit riskmanagement technology startup. FinBox plans to use the investment on product research and development. Clix Capital.
One immediate challenge that the Treasury department faced was foreignexchange (FX) exposure. Steven Ho, finance director at TVS Asianics, noted that his business does a “fair bit of transactions in foreign currencies.” Equally important is supply chain financing, which touches on the topics of invoice and reverse factoring.
Fluctuating foreignexchange rates are a relatively new phenomenon,” he told Webster. “It No one yet has found a good way to price exchange rates or to price currencies. Costs of goods or services used to produce — well, goods and services — are invoiced in foreign currencies.
A recent report from Deutsche Bank explored the opportunities of faster and real-time payments in the corporate treasury function, pointing to foreignexchangemanagement, for instance, as one area in which visibility into transaction data is key.
In an interview with Karl Schamotta, chief market strategist of Cambridge Global Payments , the executive weighed in on the risks and rewards of business done across borders, where growth far outpaces the rate seen in the United States. Which opportunities can be embraced through prudent FX riskmanagement, and how?
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