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

Global Finance

JULY 26, 2024

A fragmented regulatory environment, uneven access to financial services, a shallow pool of readily available funds, and currency controls and limitations in some African markets can lead to trapped cash. Being able to monitor everything not only simplifies reconciliation but also enhances management of accounts receivable.

Cash Management 52

Cash Management Treasury Reconciliations Currencies 52

PYMNTS

AUGUST 3, 2020

It’s one factor in why so few challenger banks have launched in the country compared to markets like the U.K., However, there are efforts to lower the barriers to entry for market newcomers. where challenger banking has flourished in recent years. Normalizing Digital Assets. As a whole, the U.S. “The U.S.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

DECEMBER 18, 2020

For the new B2B Payments Innovation Readiness Playbook: Adapting to Cash Flow Challenges Posed by the Pandemic , a PYMNTS and American Express collaboration, researchers surveyed over 2,200 treasury executives from small to large businesses across several verticals. Manual AP/AR departments need help – badly.

Treasury 76

Treasury Invoicing B2B Reconciliations 76

PYMNTS

SEPTEMBER 29, 2017

When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance.

Treasury 56

Treasury Banking Compliance Risk Management 56

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

Global Finance

JULY 26, 2024

BofA invests heavily in technology, offering online banking platforms, mobile applications, and application programming interfaces (APIs), for seamless cash management and integration with corporate treasury systems. Being a government money market fund, it offers great safety.

Cash Management 52

Cash Management Treasury Restructuring Reconciliations 52

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 .

Reconciliations 98

Reconciliations B2B Treasury Banking 98

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

APRIL 14, 2020

The digital transformation of corporate treasury is not a destination; it’s a journey. 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.”.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

SEPTEMBER 4, 2018

In its “ The road to real-time treasury ,” Deutsche Bank urges treasurers to get ready for a world of real-time transacting. Deutsche Bank noted that this can have multiple positive impacts on corporate treasury, including faster cross-currency payments, faster FX exposure management, and faster actions taken to address FX volatility.

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

MARCH 9, 2020

FinTechs are keeping an eye on the needs of banks and their corporate clients in today’s market. As it stands, there is significant manual effort occurring in treasury departments where workers are engaged in the cash reconciliation process — receiving the payment, depositing it at the bank, and then updating the customer’s account.

Banking 66

Banking Treasury Reconciliations Budgeting 66

PYMNTS

JANUARY 31, 2018

That’s a metaphor, of sorts, and a caution for treasury management professionals as they navigate their swivel chairs, swiveling between spreadsheets on their desks, computer screens on desktops and even apps on their phones and tablets. That expectation has been driven, in part, by various market segments. But embrace integration.

Treasury 46

Treasury Reconciliations CFO Banking 46

Future CFO

MARCH 10, 2025

Organisations that effectively harness these innovations expect to see marked efficiency improvements, facilitate more rapid adherence to evolving compliance regulations , and remain competitive in a fast-evolving market. This shift allows CFOs to focus on higher-value activities contributing to strategic decision-making.

Finance 52

Finance Invoicing Compliance Leverage 52

PYMNTS

NOVEMBER 7, 2017

Citi’s Treasury and Trade Solutions is bringing its accounts receivable (AR) Payer ID solution to more markets around the globe. It aims to reduce Days Sales Outstanding and supports streamlined reconciliation. The financial institution (FI) announced news on Monday (Nov.

Reconciliations 48

Reconciliations Treasury B2B Cash Management 48

PYMNTS

NOVEMBER 25, 2020

While B2B FinTech innovation has flourished in recent years, Bloh noted that many emerging B2B payment services on the market don’t necessarily facilitate a deeper connection between buyer and supplier. The Account-To-Account Connection. Deepening Data Ties.

B2B 116

B2B Invoicing Reconciliations Accounting 116

PYMNTS

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Faster Payments. Open Banking. Bank-FinTech Collaboration.

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

PYMNTS

JANUARY 19, 2021

Nick Nadgauda , global head of Technology with Citi’s Treasury and Trade Solutions, said in the release that the partnership is fortuitous because Volante’s payment processing technology is already used with Citi’s payments and transaction banking platforms.

Reconciliations 60

Reconciliations Treasury Technology Banking 60

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

OCTOBER 18, 2020

Buxton previously worked for cloud application monitoring platform Datadog as VP of finance, where he led the company to a $9 billion valuation and a current market capitalization of upwards of $25 billion, with the number of employees growing from 100 to 2,000 during his tenure, the release says.

Finance 64

Finance CFO Reconciliations Credit Risk 64

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

MARCH 17, 2020

Morgan’s Head of Wholesale Payments Solutions Lia Cao, corporate treasury solutions must be digital, flexible and holistic. For traditional banks, FinTech collaboration and acquisitions provide the speed-to-market that is so vital today. If I’m real-time on the front end, how do I think about back-end reconciliation?

Treasury 69

Treasury Banking Reconciliations Compliance 69

PYMNTS

NOVEMBER 7, 2018

“Corporate treasurers are increasingly seeking to manage their payments functions in real-time to enhance control and visibility of their cash flows,” Steve Evans, head of Corporate Liquidity and Bank Treasury, FIS, said in a press release. million payments annually.

Treasury 58

Treasury Reconciliations Leverage eCommerce 58

Bramasol

APRIL 15, 2024

Scenario One - Insights to Action It's important to remember that traditional AI has actually been used in business for decades, in the form of machine learning, chatbots, predictive analytics, personalized marketing, etc. to drive financial models. Options for quickly simulating multiple models for comparative analysis and decision-making.

SAP 83

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 83

PYMNTS

OCTOBER 27, 2016

APConnector supports payments made via virtual card and automatically captures data for remittance and reconciliation purposes, the bank said, and enables treasurers and financial professionals to remove manual AP processes and payment methods more easily. The bank announced Wednesday (Oct. “U.S. ” U.S.

Accounts Payable 62

Accounts Payable Reconciliations Treasury B2B 62

PYMNTS

MAY 13, 2020

While the pandemic has created unique circumstances of immeasurable strain and pressure on the global market, it’s also emboldened many to rise to the occasion and ensure business continues to flow with as little disruption as possible. 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

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. The introduction of something market-wide into the world’s largest economy, one that has more than 10,000 banks, is no small undertaking,” Kohli said.

Cash Management 63

Cash Management Reconciliations Treasury B2C 63

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

Future CFO

APRIL 7, 2022

In one FutureCFO workshop of finance leaders, despite two-thirds using some of the most advanced ERP tools in the market, nearly all concede the use of spreadsheets as part of work. This difference also makes payment reconciliation more complicated from an accounting standpoint (e.g., banking fees).

Finance 98

Finance SAP Cash Management Invoicing 98

PYMNTS

FEBRUARY 28, 2020

Organizations that absorb and process supplier invoices within the Centsoft platform can see that data be automatically added into QuickBooks Online to support the payment and reconciliation process. B2B payments market. “This combination increases data accuracy, and shortens payment cycles.”

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

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

CFO Leadership

MARCH 31, 2022

Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. New currencies, global banking structures, regional regulations, disparate processes, and disconnected systems all add complexities to the treasury operations.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

OCTOBER 31, 2017

For the receivers of those checks, there’s another major argument in favor of the clunky, manual and insecure payment rail, according to Deluxe Treasury Management Solutions Vice President Gary Cawthorne. According to Cawthorne, banks are really perking up to small businesses’ (SMBs) needs in treasury management.

Invoicing 41

Invoicing Treasury Reconciliations B2B 41

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. meaning there is a huge opportunity in digitization and optimization efforts. “I

Accounts Payable 57

Accounts Payable Accounting B2B Reconciliations 57

PYMNTS

OCTOBER 22, 2019

The tool offers a suite of global payment solutions allowing businesses to initiate payments locally in 15 markets across the globe. Business clients can also take advantage of automated reconciliation for their accounts held at both Santander and other financial institutions, the bank noted.

Treasury 40

Treasury Reconciliations Cash Management Banking 40

PYMNTS

FEBRUARY 6, 2020

In today’s market of real time, legacy payments infrastructure needs a facelift. Market incumbents and industry newcomers alike are exploring ways to bypass existing rails in favor of entirely new ones. Corporates’ Real-Time Demand. But as Kramer explained, there are opportunities for real time in the B2B landscape.

B2B 67

B2B Reconciliations Treasury Technology 67

PYMNTS

JANUARY 26, 2017

“Processing corporate payments as peer-to-peer, directly on blockchains, gives for instant settlement and, therefore, real-time reconciliation and accounting,” the company said. Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too.

SAP 57

SAP Invoicing Reconciliations B2B 57