PYMNTS

DECEMBER 30, 2020

As treasury management becomes increasingly digital, a bank’s corporate banking clients face challenges when it comes to modernizing treasury workflows. They can’t wait for end-of-month, or even end-of-week, reconciliation anymore,” she told Webster — and so corporates are pushing their banks to do something different.

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

PYMNTS

SEPTEMBER 27, 2020

HighRadius , a FinTech working in automation for order-to-cash and treasury management, has announced an expanded strategic relationship with Commerce Bank , according to a press release. HighRadius also offers services for cash reconciliation, eInvoicing and collections to help those in underserved markets.

Banking 89

Banking Treasury Reconciliations Invoicing 89

PYMNTS

NOVEMBER 20, 2019

Citi is streamlining the cross-border collections process for its corporate treasury clients, the financial institution said Wednesday (Nov. Citi noted traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collection and reconciliation.

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

PYMNTS

NOVEMBER 11, 2020

The Playbook also calls out “three-way invoice matching — in which staff must compare invoices to purchase orders and goods received notes,” and the frustrations that brings, but automation can reduce these stresses by matching these invoices automatically. Clearly, there are issues. A recent survey found that 74.2

Accounts Payable 87

Accounts Payable Invoicing Treasury Reconciliations 87

PYMNTS

FEBRUARY 1, 2021

Businesses receiving payments need to be able to match funds to the associated invoices or risk annoying clients with follow-up requests for money that has already been delivered. Reconciliation Challenges. Modern automation and integrations can make it unnecessary to swap between many different applications. Call For Integrations.

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

PYMNTS

MARCH 16, 2020

In addition, the deal will allow better reconciliation of payments with the matching invoices. Risk will be less of an issue because of the increase in transparency and tighter control on foreign exchange payments, along with the currency exposures for those with stake in procurement and treasury.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

AUGUST 3, 2020

Real-time settlement negates the need for batch settlement, which has been the norm in corporate treasury departments and within financial institutions (FIs) for decades. “If you can make money programmable, then you can build that money into applications that optimize your processes in corporate treasury.”

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

NOVEMBER 18, 2020

Panelists included Sarah Billings , PNC’s senior vice president and head of payments product, operations and strategy; Bridgit Chayt , Fifth Third Bank’s senior vice president and director of commercial payments and treasury management; and infrastructure expert Domenico Scaffidi of Volante Technologies. Eyeing Efficiency . Looking Ahead.

Reconciliations 98

Reconciliations B2B Treasury Banking 98

PYMNTS

MAY 28, 2020

The FinTech enterprise Software-as-a-Service (SaaS) company, which is focused on automating treasury management and order-to-cash processes, said the new technology reinforces its investment and plan to make AR automation an important driver for business expansion, according to an announcement.

Technology 52

Technology Reconciliations Accounts Payable Credit Risk 52

PYMNTS

JANUARY 13, 2021

The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. Shields noted that accurately predicting anticipated invoice payment dates can have ripple effects throughout an organization. “No The problems are analog.

Accounting 94

Accounting Invoicing B2B Treasury 94

PYMNTS

FEBRUARY 1, 2021

If at that time, someone would have asked Citi Managing Director and Global Head of Domestic Payments and Receivables Anupam Sinha how long it would take for corporate treasury organizations to fully embrace digital , he said his answer would likely have been something along the lines of, “Don’t hold your breath.”.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

PYMNTS

DECEMBER 1, 2020

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. And, the processes are all integrated with other Cobase modules for cash and treasury management.

Foreign Exchange 58

Foreign Exchange Treasury Reconciliations Invoicing 58

PYMNTS

NOVEMBER 12, 2020

Shields offered an example of intentional information: invoice data. Partnerships, she said — such as FISPAN’s own efforts with traditional financial services firms — help treasury banks to build embedded banking solutions inside enterprise resource planning (ERP) and accounting systems. This is the No.

Banking 88

Banking Invoicing Reconciliations Treasury 88

PYMNTS

FEBRUARY 28, 2020

Purchase, invoice and transaction data are invaluable to the journey of digitization and automation, but organizations are increasingly recognizing that the value can only be realized if that data can integrate seamlessly across platforms. “This combination increases data accuracy, and shortens payment cycles.”

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

NOVEMBER 25, 2020

As A2A capabilities evolve with a range of payment rails, he predicted that these value propositions will likely help RTP achieve ubiquity and emerge as a key tool for treasury management teams. Today, suppliers that receive a transaction may see funds weeks after an invoice is issued. Deepening Data Ties.

B2B 116

B2B Invoicing Reconciliations Accounting 116

PYMNTS

OCTOBER 31, 2019

the ability to not only receive a check payment, but know what invoice that check is for), is a functionality with which many electronic payment solutions today continue to struggle. It enables payment information to travel with the payment so that the payment can be properly applied to the appropriate invoice,” he said. “In

Reconciliations 43

Reconciliations Invoicing B2B Treasury 43

PYMNTS

OCTOBER 20, 2020

Bloh said that direct connectivity can enable real-time confirmation of invoice information and real-time reconciliation of payments, among other activities. The virtual card is a helpful tool, as a one-time-use, 16-digit number associated with an invoice,” Dearborn told the panel.

B2B 104

B2B Accounts Payable Treasury Invoicing 104

PYMNTS

DECEMBER 31, 2019

Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner. Suppliers whose invoices have not been paid quickly may deliver another invoice, leading buyers to mistakenly pay for two.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61

PYMNTS

JANUARY 8, 2021

For example, that might mean having a process in place so that funds are appropriately applied or available when money comes in during off-hours or on the weekend, she said, and really thinking through the process from an accounting, liquidity and treasury management perspective. Limits And Fees.

Cash Flow Forecasting 139

Cash Flow Forecasting Banking Education Reconciliations 139

PYMNTS

NOVEMBER 21, 2018

“With the proliferation of the PDF, most vendors will send you not a paper invoice, but email a PDF,” he recently told PYMTNS in an interview. “The only times [an AP professional] has to touch an invoice is when it goes in for approval, and exceptions,” he explained. “It’s born digital.

Accounts Payable 63

Accounts Payable Invoicing Reconciliations Accounting 63

Strategic Treasurer

JANUARY 6, 2022

Coffee Break Session Host Alexa Cook catches up with Strategic Treasurer’s Managing Partner, Craig Jeffery, to discuss what RTP is and how it can be advantageous from a treasury perspective. Hey guys, welcome to The Treasury Update Podcast Coffee Break Session. Hey guys, welcome to The Treasury Update Podcast Coffee Break Session.

Treasury 52

Treasury Concentration Reconciliations Banking 52

PYMNTS

JULY 28, 2020

CFOs and AP teams must also keep their suppliers top of mind, as well as their ability to ingest that transaction data and accept funds to support an automated reconciliation process. The concept of promoting transaction data integration for both AP and accounts receivable (AR) teams can be a difficult one for finance chiefs to grasp.

B2B 70

B2B Reconciliations Accounts Payable Prioritization 70

PYMNTS

JULY 3, 2020

People’s United Bank Senior Vice President of Treasury Management Cris Sigovitch told PYMNTS that while access to payables FinTech solutions is important, perhaps even more essential is access to a trusted partner that can guide firms toward a resilient and future-proof AP department.

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

PYMNTS

JANUARY 19, 2021

Those pain points center around cash flow, manual processes (where employees match invoice and payment data), and the management of suppliers. The enhanced data they’re able to generate through virtualization simplifies reconciliation and gives them access to reporting, enabling them to better forecast future cash flows,” Blair explained.

B2B 93

B2B Invoicing Reconciliations Treasury 93

Future CFO

APRIL 7, 2022

As a SaaS-based platform, SAP Concur connects expense, travel and vendor invoice spending in one system providing a single way to manage spending from end to end for greater visibility into transactions, improve compliance, and simplify the process for everyone – finance and employees. banking fees).

Finance 98

Finance SAP Leadership Cash Management 98

PYMNTS

AUGUST 8, 2019

There are a lot of treasury management issues out there that need to be addressed,” he told PYMNTS in a recent interview. Data is key to addressing those pain points like identifying instances of fraud or promoting automated reconciliation. That’s among ePayRails’ goals as it continues to build out its Payments Hub following a $2.45

Accounts Payable 57

Accounts Payable Accounting B2B Reconciliations 57

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. Addressing cross-border receivables friction is about more than just ensuring that a supplier gets paid. and Turkey.

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

AUGUST 25, 2016

24), provides an array of digital solutions for corporate treasurers, including internal transfers, reconciliation and invoice matching. Recent analysis by Deloitte pointed to inter-company transactions as a particularly challenging aspect of accounting and treasury management for corporates.

Treasury 40

Treasury Concentration Cash Management Reconciliations 40

PYMNTS

OCTOBER 2, 2019

The question for any number of treasury professionals is what lies ahead? Financial institutions and treasury operations would do well to get ready for it all, sooner rather than later. With ongoing shifts in payments, commerce, security and transparency, corporate cash managers have a lot on their plates.

Cash Management 63

Cash Management Reconciliations Treasury B2C 63

PYMNTS

OCTOBER 22, 2019

Together, the latest in AP solutions reflect the growing emphasis on how AP processes affect payees and billers, including corporate suppliers, as well as AP’s opportunity to support vendors via faster payments, easier payment acceptance, reconciliation and data connectivity. Bank of America Optimizes Payment Choice.

Accounts Payable 40

Accounts Payable B2B Invoicing Reconciliations 40

PYMNTS

JANUARY 26, 2017

The solution is called Finlync SAP-DL Integrator , and the idea, said Finlync in an interview with PYMNTS, is that the ERP system is the central home to critical data like purchase orders and invoices, business partner payment information and the like. That speed is something which, simply, is not possible today.” However, this is changing.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

DECEMBER 12, 2019

Contrast that with the fact that well over 40 percent of B2B invoices are still paid by paper check. Citi recently made 50 APIs available to business clients, designed to connect easily with treasury software. It’s a situation that has gone from inconvenient to insufferable in just a few years, and 2020 appears to be a tipping point.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

SEPTEMBER 17, 2019

Instead, taking a look at the latest solutions to emerge on the market shows various applications for speed in commercial transactions, from faster deposits for small businesses, to virtual cards enabling faster invoice payments for suppliers. Chase Accelerates SMB Bank Deposits. FinTechs Move Money To Vendors Faster.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

PYMNTS

MAY 24, 2017

The Tracker, the firm explained, offers an end-to-end view of those transactions, providing businesses with a notification when funds land at a recipient’s account for faster, more accurate account reconciliation and invoices. Using API technology, SWIFT’s Tracker links to global banking systems to boost visibility into payments.

Reconciliations 43

Reconciliations Treasury B2B Invoicing 43

PYMNTS

APRIL 2, 2019

BBP enables only payment of bills from participating businesses, meaning certain invoices cannot be reconciled. . This also aids the treasury teams tasked with tracking payments. That can lead to identity verification problems, resulting in returned or delayed transfers.

Treasury 49

Treasury Reconciliations B2B Invoicing 49

PYMNTS

MAY 13, 2020

Speaking with Karen Webster, Citi Commercial Bank Senior Vice President and Treasury Sales Officer Thor Perplies described the experience of working with Flywire to facilitate the movement of funds from the U.S. to China within only a few hours in order to secure a PPE shipment for healthcare providers.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

Bramasol

JUNE 30, 2023

For example, RPA processes handling repetitive and rule-based tasks, such as data entry, document processing, and invoice reconciliation can be guided by new, higher level AI insights and learning capabilities. Customer Experience and Personalization: AI enables businesses to deliver personalized experiences to their B2B customers.

SAP 72

SAP B2B Leverage Analyzing Data 72