PYMNTS

JULY 30, 2019

Nigeria can be a very complex foreign exchange environment,” Mike Massaro, CEO at Flywire, said at the time. Our partnership will also streamline the reconciliation of these payments on the receiving end for schools, hospitals and businesses.”.

Foreign Exchange 76

Foreign Exchange Reconciliations Healthcare Education 76

Global Finance

JULY 26, 2024

Meanwhile, Nordea’s foreign exchange (FX) automation has evolved into a “comprehensive treasury management autopilot” that includes daily FX, FX hedging, and money market products, according to the bank. Payable , another double winner, takes both Best Cash Forecasting Solution and Best Treasury Analytics Provider.

Cash Management 111

Cash Management Treasury Foreign Exchange Banking 111

PYMNTS

AUGUST 13, 2019

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. Last month, reports in the Financial Times made clear that businesses will increasingly be faced with decisions they must make about how to manage foreign exchange volatility. Reports Monday (Aug.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

DECEMBER 1, 2020

FinTech firms Cobase and Ebury are now working together to roll out Ebury's foreign exchange services on Cobase's multi-banking platform, according to a press release. In addition, users will be able to access real-time statuses for transactions and reporting, letting automation happen for the reconciliation process, the release says.

Foreign Exchange 58

Foreign Exchange Treasury Reconciliations Invoicing 58

PYMNTS

DECEMBER 15, 2020

Businesses can use a recipient's accounting number or email address to initiate a payment, while transaction data is enhanced to support the reconciliation process. Head of Global Strategy and Payments for Global Transaction Services David Kretz said the solution aims to "remove friction and bring transparency to cross-border payments.".

Foreign Exchange 94

Foreign Exchange B2B Reconciliations Banking 94

PYMNTS

JULY 9, 2019

Most said they manually manage intercompany processes like reconciliation, while ad-hoc functions are also common. Foreign exchange management comes with a host of friction points for corporate treasurers, with many of those points considered low-hanging fruit for open banking and data integration. The FX Opportunity.

Foreign Exchange 60

Foreign Exchange Banking Currencies Accounting 60

Simply Treasury

JUNE 3, 2021

The third one is the real-time collection and payment (we can see that immediacy and the time factor have become crucial, at least for certain industries and B2C’s) and finally immediate (automated) management of foreign exchange risk. automatic reconciliation, Straight Through Processing / STP, use of mass data, etc.).

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

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

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

OCTOBER 6, 2016

The bank has just added a new feature that notifies CFOs and treasurers of payments ready for authorization and now supports authorization of cross-border payments, as well as foreign exchange rate booking, reports said. ” Hijazi also pointed to the added benefits of mobile at the time of the report.

Foreign Exchange 63

Foreign Exchange Cash Management Reconciliations Treasury 63

PYMNTS

FEBRUARY 8, 2019

7), while also helping SMBs save on foreign exchange (FX) costs. ” In another statement, Caxton FX Director of Treasury Solutions and Partnerships Andy Demetriades said small businesses that make purchases across borders often struggle with unexpected FX fees, “while expense reconciliation post-travel can be problematic.”

Currencies 61

Currencies Foreign Exchange Reconciliations Treasury 61

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

APRIL 14, 2020

As a treasurer, maybe you would conquer the first few things, which are visibility and reconciliation, and then you would move into other niche areas that you want to automate further to add strategic value to the business.”. “Digitization is not about reaching a destination as you are constantly pushing the envelope,” Rangachari said. “As

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

DECEMBER 2, 2020

FinTech firms Cobase and Ebury are now working together to roll out Ebury's foreign exchange services on Cobase's multi-banking platform, according to a press release. Cobase, Ebury Team Up On FX Payments. Alternative Lender eCapital Buys UK-Based Advantedge Commercial.

Cash Management 57

Cash Management B2B Foreign Exchange Banking 57

PYMNTS

MAY 20, 2019

The platform by TransferMate reduces administrative overhead by automatically matching the payment received to the invoiced amount, eliminating the need for manual reconciliation. By partnering with TransferMate, Wells Fargo can meet the demand of its global business customers, it noted in the press release.

Invoicing 53

Invoicing Foreign Exchange Reconciliations Currencies 53

PYMNTS

AUGUST 6, 2018

With the integration, small businesses in the country can use direct debit to automate their payment collection and reconciliation processes. In other news, Iran is easing foreign exchange rules that were meant to be in response to U.S. The news comes 18 months after GoCardless integrated with Xero in the U.K. On Sunday (Aug.

Foreign Exchange 40

Foreign Exchange Pharmaceutical Currencies Reconciliations 40

PYMNTS

MAY 13, 2020

Providing clarity on all sides of a transaction into foreign exchange (FX) and other fees, and who is charging them, means no surprises if funds land in a beneficiary’s account for an amount other than what was expected — an unwelcome surprise that can often lead to shipping and fulfillment delays.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

MARCH 20, 2018

Nigeria can be a very complex foreign exchange environment,” said Mike Massaro, CEO at Flywire. Our partnership will also streamline the reconciliation of these payments on the receiving end for schools, hospitals and businesses.”. Nigeria imports more than $30 billion of goods and services, noted Flywire.

Foreign Exchange 51

Foreign Exchange Healthcare Education Reconciliations 51

PYMNTS

MARCH 5, 2019

ONPEX enables the integration via API to support global payments and foreign exchange functionality for Wirexend and its customers, allowing businesses to make payments and convert funds in their accounts to different currencies.

Foreign Exchange 46

Foreign Exchange Currencies Reconciliations Accounting 46

PYMNTS

DECEMBER 11, 2019

SMB lender Just Cashflow announced a partnership with Ebury to integrate foreign exchange services as Just Cashflow augments its offering beyond SMB loans. Ebury is integrating foreign exchange (FX) tools to support Just Cashflow’s SMBs and their cross-border payments needs. Just Cashflow Taps Ebury for FX.

Banking 52

Banking Foreign Exchange Reconciliations B2B 52

PYMNTS

NOVEMBER 15, 2019

Advances in data aggregation connect both sides of a commercial card transaction to richer information for reconciliation, reporting and analytics purposes. The ability to pay suppliers more quickly, without letting go of an extra few days of capital float, is quite attractive to both vendors and corporate buyers.

B2B 65

B2B Foreign Exchange Accounts Payable Reconciliations 65

PYMNTS

JUNE 7, 2018

As the world continues to shrink and companies do more business beyond their borders, quick and efficient fund transfers and reconciliations have become crucial to keeping everything organized and everyone happy. The need for faster payment and reconciliation affects a variety of businesses.

Reconciliations 46

Reconciliations Currencies Foreign Exchange Accounting 46

PYMNTS

FEBRUARY 18, 2020

POPs are important to omnichannel fraud detection because they enable banks to track payments’ journeys from processing to clearing to reconciliation.

Foreign Exchange 52

Foreign Exchange Reconciliations Compliance Banking 52

PYMNTS

JUNE 29, 2018

Physical currency can be problematic for a variety of reasons, though, including that employees might not get the best foreign exchange rates. Solving The Reconciliation Riddle. According to Kilby, they can also make reconciliation simpler for employees. It can end up taking a huge amount of time.”.

Reconciliations 43

Reconciliations General Ledger Foreign Exchange Currencies 43

PYMNTS

DECEMBER 15, 2017

Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately. He noted, too, that many invoice payment products disaggregate payment from invoicing, making the reconciliation process friction-filled for the receiver. Thus, reconciliation is automated, he said.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

PYMNTS

OCTOBER 26, 2017

In addition, the executive said, PPRO provides full reconciliation processes for back-office functions. That eliminates at least some of the friction for merchants, who may have previously been daunted by integration requirements, back-office reconciliation and foreign exchange challenges.

Reconciliations 40

Reconciliations Foreign Exchange eCommerce Sales 40

PYMNTS

FEBRUARY 5, 2020

That information flow comes in on a real-time basis, rather than through the typical process of month-end reconciliation. When every invoice is fully accounted for within a firm, he explained, financial professionals gain insight into the real sources of revenue — as measured against costs.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

MAY 1, 2018

Globalization of companies’ supplier base was also a factor in the complexities of their B2B payments processes, analysts noted, with most respondents reporting that foreign exchange payments were involved in up to a fifth of their monthly B2B payments. Companies spent a combined $68.8

B2B 47

B2B Invoicing Foreign Exchange Pharmaceutical 47

PYMNTS

JULY 18, 2016

Among those costs and inefficiencies that eat away at time and profit: high foreign exchange fees, the time spent on itineraries, juggling cross-border bookings and even credit lines that can be expensive. Much of those margins can be lost to costs that can, in fact, be controlled or streamlined with better automation of processes.

B2B 40

B2B Foreign Exchange Reconciliations Technology 40

PYMNTS

OCTOBER 30, 2019

APIs also boost visibility into foreign exchange rates, Western Union said, while allowing the FI to offer business clients “the latest level of regulated European internet security,” it said in its announcement.

Banking 41

Banking Foreign Exchange B2B Accounting 41

PYMNTS

SEPTEMBER 4, 2018

Apart from supplier payments, the shift could have significant impacts on foreign exchange conversions for faster hedging, real-time investments, faster risk-mitigation capabilities and real-time visibility into more accurate cash positions. “As

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

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

Future CFO

JANUARY 12, 2021

Working capital and cash flow optimisation With uncertain times ahead, CFOs today must monitor the impact of price volatility, foreign exchange fluctuations, and interest rate changes, and be able to rapidly revise financial asset positions and protect against increased credit risks.

Foreign Exchange 40

Foreign Exchange CFO Compliance Reconciliations 40

PYMNTS

JULY 8, 2016

“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.” . “Current cross-border payment processes are expensive, clunky and time-consuming,” said Cofounder and CEO Jack Zhang in a statement. ” Logistics.

B2B 40

B2B Startups Foreign Exchange Invoicing 40

PYMNTS

NOVEMBER 7, 2019

That streamlined experience will include improvements like providing international customers with foreign exchange rate transparency, or allowing customers to remit funds via local payment methods via Flywire’s platform.

Foreign Exchange 44

Foreign Exchange Education Reconciliations Banking 44

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

Global Finance

JULY 24, 2024

Additionally, this suite of custody services is integrated with the bank’s transaction banking and foreign exchange offerings to ensure seamless management of custody-related transactions. Now, trade settlement and cash exchange are settled without manual intervention and include automated reconciliation, reducing operational risk.

Banking 52

Banking Foreign Exchange Risk Management Leverage 52