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. Sameer Gulati , founder and CEO of Ordway , said this is an acute pain point that continues to grow as more small- to medium-sized businesses ( SMBs ) scale abroad.

Mergers and Acquisitions (M&A) 61

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

PYMNTS

NOVEMBER 17, 2020

Customers will be able to compare purchase orders alongside invoices before going to straight to payment in more than 145 currencies with the AP technology of Beanworks and the payments technology of Cambridge brought together.

Accounts Payable 84

Accounts Payable Foreign Exchange B2B Invoicing 84

PYMNTS

APRIL 29, 2020

German banking platform Mambu has announced a collaboration with TransferWise to enhance banks’ cross-border payments and foreign exchange management operations, the companies recently revealed. Trade finance technology firm Surecomp is expanding its capabilities for developers and lenders, launching an API dubbed APIsure.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

PYMNTS

NOVEMBER 16, 2020

One of the biggest challenges in cross-border trade for any kind of business relates to foreign exchange. A B2B invoice may be issued and paid in one currency, but the recipient of those funds has to convert that money into their local currency. Across Asia, Theaud explained, invoices are often issued in U.S.

Foreign Exchange 56

Foreign Exchange Currencies Manufacturing B2B 56

PYMNTS

MARCH 16, 2020

In addition, the deal will allow better reconciliation of payments with the matching invoices. There will be cost transparency on fees, and payment routing will be handled by Goldman Sachs’ advanced machine learning technology. The Ariba Network has more than 4.6

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

JULY 24, 2020

Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking.

Startups 102

Startups Foreign Exchange Valuation Invoicing 102

PYMNTS

DECEMBER 24, 2020

Companies must smoothly manage everything from initial orders and invoicing to product delivery and the notification of payment receipts to complete it, making it a long and cumbersome procedure with a great deal of room for error. The order-to-cash (O2C) process is inherently complex. Automation's Expanding Role In The O2C Process.

B2B 79

B2B Foreign Exchange Invoicing Manufacturing 79

PYMNTS

JUNE 11, 2020

The product lets users automate the intake, handling and approval of invoices from different parts of the globe harnessing the same technology and process utilized for domestic bills, according to a Thursday (June 11) announcement. Ramnathan became a member of the MineralTree team as its new president per an October press release.

Foreign Exchange 52

Foreign Exchange Accounts Payable Invoicing Currencies 52

PYMNTS

JULY 8, 2020

To provide platform clients a greater ability to grow and be transparent with global payments, cloud banking company Mambu and B2B cross-border technology firm Currencycloud have joined forces with an integration, according to an announcement. It is an exciting partnership as we develop our offering and continue to innovate together.”

B2B 56

B2B Foreign Exchange Invoicing Accounting 56

PYMNTS

OCTOBER 8, 2020

Mambu worked with B2B cross-border technology firm Currencycloud in order to let clients quickly work to put virtual accounts, collections, foreign exchange services and payments in place. The changes aim to improve speed and control in banking.

Foreign Exchange 56

Foreign Exchange B2B Invoicing Banking 56

PYMNTS

DECEMBER 4, 2019

Data integration technology and the embrace of the open banking business model, though, has opened up new opportunities for alternative lenders themselves to collaborate with fellow FinTechs and round out their solution sets in an effort to become a greater competitive force against legacy FIs. The Right Service Combination.

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

PYMNTS

JANUARY 19, 2021

Britain’s government is planning to shore up the Prompt Payment Code to make it so that 95 percent of invoices for SMBs need to be paid within 30 days. Grab, the Singapore-based financial technology firm, is reportedly considering a U.S. Singapore FinTech Grab Mulling US IPO Of Up To $2 Billion.

Foreign Exchange 53

Foreign Exchange Currencies Invoicing Planning 53

PYMNTS

NOVEMBER 24, 2019

Cross-border payments processing company Veem has announced that it is offering locked exchange rates for foreign exchange payments. The feature will allow small businesses to lock in an exact exchange rate for up to 92 days in advance for incoming or outgoing payments scheduled during that time.

Foreign Exchange 45

Foreign Exchange B2B Invoicing Budgeting 45

Global Finance

JUNE 6, 2024

Technology advances bring the high-touch experience to more clients, large and small. The project’s deployment required the collaborative efforts of several bank departments, including business, legal, compliance, engineering, security and IT, as well as outside technology vendors Metaco and Avaloq.

Construction 109

Construction Compliance Cash Management Treasury 109

PYMNTS

MARCH 23, 2020

Partnering with third-party providers equipped to handle cross-border payments is one viable solution as these organizations can mitigate potential payment process hiccups, including foreign exchange concerns and payment speeds. Third-party providers cannot eliminate all the frictions associated with cross-border payments, however.

Foreign Exchange 61

Foreign Exchange Currencies Valuation Invoicing 61

PYMNTS

MARCH 16, 2016

Foreign currency payments firm Midpoint got a bit closer to its small business accounting partner, Xero, this month when it revealed that not only had they extended their collaborative ties but that Midpoint would also be adding a “Pay Now” button to invoices sent through Xero. The driver behind this, the CEO said, is technology.

Foreign Exchange 42

Foreign Exchange Banking Invoicing B2B 42

PYMNTS

MARCH 6, 2019

However, with technology in place, Rodrigues explained, treasury can be transformed to become the “24/7 investment arm, to support financial and broader goals for global companies.”. Distributed ledger technology (DLT), in essence, is a distributed database that securely stores and organizes data.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

NOVEMBER 3, 2020

FLEETCOR is also looking at areas “adjacent” to payments, Greene said, such as technologies that can help customers figure out how much to pay suppliers or check to make sure invoices get approved. Companies are realizing the necessity of digital payments and the long-term business benefit.”.

Investments 56

Investments B2B Foreign Exchange Invoicing 56

PYMNTS

MARCH 5, 2019

CurrencyVue offers a foreign exchange risk management platform that integrates with companies’ existing ERP and accounting systems. In a press release , WorldFirst announced it has acquired Australia-based CurrencyVue, a takeover that WorldFirst said will help expand its cross-border trade and payments solution for businesses.

B2B 43

B2B Foreign Exchange Invoicing Risk Management 43

Reval

JUNE 13, 2017

The award from Corporate Treasurer magazine , commends Kerry’s application of technology to support its intercompany netting activities. Kerry’s netting centre captures transaction information, centralises foreign exchange exposures and provides clarity over transaction costs for transactions between the company’s subsidiaries.

Foreign Exchange 52

Foreign Exchange Treasury Cash Management Invoicing 52

PYMNTS

MAY 13, 2020

With high transaction volumes, this speed is rarely accomplished, but through collaboration and technology, Citi and Flywire have demonstrated that it’s not only possible, but it could be the new normal of cross-border B2B payments. Preparing yourself through technology is really my recommendation.”.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

APRIL 21, 2016

Citing more than 500 billion invoices processed every year across the globe, the businesses added that Canada’s B2B industry is in the early stages of using cloud technology to streamline this process. Invoices and purchase orders can be reconciled within a single system, and payments can be sent without wire transfer.

Accounts Payable 40

Accounts Payable Foreign Exchange B2B Invoicing 40

PYMNTS

MAY 5, 2016

CSI will lend its digital accounts payable solutions, while Cambridge will add in its payments technology, generating a Web portal to issue and settle cross-border payments. The service providers negotiate foreign exchange rates with other cross-border payment service providers, reports added. “As

Foreign Exchange 40

Foreign Exchange Accounts Payable B2B Invoicing 40

PYMNTS

JUNE 21, 2019

Martin Chikilian, vice president of talent operations for freelancing marketplace Toptal , observed that many software developers in Córdoba, Argentina, where he lives, work remotely for Silicon Valley and New York City technology firms, for example. Screening cannot be entirely left to technology, however.

Foreign Exchange 43

Foreign Exchange Currencies Invoicing Leverage 43

PYMNTS

JUNE 21, 2018

JPMorgan’s treasury management services are the financial institution’s (FI) latest target for technological innovation, reports in CNBC said Wednesday (June 20). billion annual technology budget goes toward development of new tools. “We Do you know you could send a foreign exchange ACH payment instead?

Treasury 44

Treasury Foreign Exchange B2B Invoicing 44

PYMNTS

JULY 9, 2020

The tie-up will be particularly useful to connecting Oxbury’s customers, which operate in the farming and agricultural arena, to make use of Faster Payments to facilitate real-time invoice payments. Steamchain wields blockchain technology to address friction in cross-border payments that result from the traditional interbanking system.

B2B 77

B2B Foreign Exchange B2C Banking 77

PYMNTS

NOVEMBER 7, 2019

For consumers, many of these challenges include the need to support card transactions so users don’t have to manually calculate foreign exchange (FX) conversion rates. “Businesses are moving toward these forms, partly because of consumer preference and partly because of cloud technology.”

B2B 40

B2B B2C Foreign Exchange Invoicing 40

PYMNTS

DECEMBER 17, 2019

. “It used to be something that was for much larger corporations, but now the middle market is trading in foreign currencies much easier and more quickly.” “FX is a complicated area,” added Cran. “One mistake can make a big difference.” ” Open Banking’s Cost-Saving Opportunities. .”

Marketing 52

Marketing Accounts Payable Foreign Exchange Invoicing 52

PYMNTS

JULY 26, 2019

Remittance and peer-to-peer payment technologies have accelerated transaction speeds for consumers tired of waiting days for money to move across borders. Regardless of how, these technologies and their innovators share common goals: to accelerate and streamline cross border payments.

Foreign Exchange 64

Foreign Exchange B2B Prioritization Banking 64

Simply Treasury

SEPTEMBER 9, 2020

Unfortunately, invoices do not get paid in profit, but in cash. In the interests of greater consistency, foreign exchange (FX) should be treated as it would be for budget or consolidation purposes. Technology is available and solutions exist, like CashLab , for example or some other Fintech’s solutions.

Cash Flow Forecasting 130

Cash Flow Forecasting Forecasting Treasury Budgeting 130

PYMNTS

DECEMBER 31, 2020

Morgan’s EMEA Head of Wholesale Payments Shahrokh Moinian, technological innovation is helping to unlock more opportunities for corporate treasurers to step up to this newfound strategic role of mitigating risk within their organizations. The other is technological innovation. According to J.P. Bill Marvin , CEO at J.P.

Healthcare 115

Healthcare B2B Foreign Exchange Treasury 115

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

Creative CFP

OCTOBER 2, 2020

There is drill-down functionality available from the general ledger, and you can click right through to the supplier invoice. When you pay the foreign supplier or receive money from a foreign client, Xero calculates the foreign exchange profit and loss and posts the journals automatically.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52

PYMNTS

OCTOBER 4, 2019

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 risk management technology startup. The company said it will use the investment to develop new features for its B2B offering, with a focus on billing and invoicing.

B2B 51

B2B eCommerce Startups Foreign Exchange 51

Future CFO

JANUARY 21, 2021

One immediate challenge that the Treasury department faced was foreign exchange (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.

Treasury 52

Treasury Foreign Exchange Currencies CFO 52

PYMNTS

FEBRUARY 8, 2018

This means faster settlement services for merchant funding and support for large-scale billers to move from paper invoices and checks to digital replacements. It’s a global payments and assets engine that works on real-time basis, built on new technologies and open architecture using agile development,” he said. Getting to ubiquity.

Foreign Exchange 43

Foreign Exchange Banking Invoicing Compliance 43

PYMNTS

MARCH 1, 2018

But these popular apps, which started as consumer-facing tools but have each made recent steps to embrace business travelers , don’t paint the entire picture of ground transportation for the corporate world, said Tobi Mac, founder and CEO of FlitWays Technology , and complexity in this space can make spend management increasingly difficult.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40