Remove Foreign Exchange Remove Reconciliations Remove Risk Management
article thumbnail

Cambridge Global Payments Automates X-Border AP

PYMNTS

The service automatically extracts data from invoices, PDFs and other trade documents and automates accounts payable while storing payables information for reconciliation and accounting. Businesses can pay invoices immediately or dictate a payment date while retaining a fixed foreign exchange rate when they upload an invoice to the platform.

article thumbnail

How Automation Helps Treasurers Weather The FX Volatility Storm

PYMNTS

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. catering equipment importers working with Eurozone suppliers are struggling to manage the struggle of the pound against the euro. “We Reports Monday (Aug. According to the publication, U.K. importer said. “We

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

EACT SURVEY 2021

Simply Treasury

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.).

article thumbnail

Canada’s Path Toward B2B Payables Modernization

PYMNTS

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
article thumbnail

Best Treasury And Cash Management Providers 2024: Systems And Services

Global Finance

Nordea , which wins two awards this year, as both Best Fraud Detection Solution and Best Bank for Treasury FX Services, has developed a new secure Cash Management self-service request. Enhancing Treasury With Technology Tailoring treasury management tools requires a nimble approach, owing to the diversity of client needs.

article thumbnail

World’s Best Sub-Custodian Banks 2024: Regional Winners

Global Finance

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. The result is a highly responsive management team that serves unique customer requirements by developing innovative products.

Banking 52
article thumbnail

World’s Best Sub-Custodian Banks 2024: Regional Winners

Global Finance

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. The result is a highly responsive management team that serves unique customer requirements by developing innovative products.

Banking 52