Strategic Treasurer

APRIL 3, 2023

Survey Results Treasury Fraud & Controls Thank you to all of those who participated in our 2023 Treasury Fraud & Controls survey. This research discovered how your fraud experiences and security practices has changed. Has your security framework been strengthened? What security threats are on the rise?

Treasury 52

Treasury Reconciliations Risk Management Education 52

PYMNTS

OCTOBER 13, 2020

In a panel discussion with Karen Webster, six payments, banking and FinTech executives weighed in on the very nature of change that is transforming treasury banking and corporate clients in real time. Morgan Chase ; and Brad Windbigler , head of treasury and investor relations at Western Union. Setting the Stage.

Treasury 76

Treasury Banking 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

Global Finance

JULY 26, 2024

This diversity of problems challenges companies to manage their cash flow effectively, elevating the need for data insights on cash flows to create more-accurate forecasts; requiring integration from local banking partners to deliver treasury solutions.

Cash Management 52

Cash Management Treasury Reconciliations Currencies 52

Bank of the West

NOVEMBER 22, 2021

Here’s what finance executives need to know about R2P and its potential benefits for treasury management. The customer’s bank sends an R2P notice to the payer, likely via their secure banking app. What R2P Means for Treasury Operations. What is Request to Pay?

Treasury 98

Treasury Reconciliations Banking B2B 98

PYMNTS

AUGUST 3, 2020

One financial technology firm currently navigating the process of securing a bank charter is Avanti Financial Group , and as it approaches market launch, Founder and CEO Caitlin Long said the firm is focusing on another area of financial services that has struggled to manage complex regulatory challenges: digital assets.

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

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

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.

Cash Flow Forecasting 139

Cash Flow Forecasting Banking Education Reconciliations 139

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. No, that’s not secure’; or, ‘No, there’s no easy way to integrate these systems.’”

Treasury 46

Treasury Reconciliations CFO Banking 46

PYMNTS

NOVEMBER 18, 2016

And cash flow lives or dies by the correct reconciliation and posting of payments. ” “Financial institutions are looking to define and expand and, in some cases, create a comprehensive treasury management offering.” Businesses live and die by their cash flow.

Reconciliations 70

Reconciliations Treasury Accounting Finance 70

Bramasol

APRIL 15, 2024

Also, security of data being used in AI and Gen-AI planning will need to be rigorously managed to assure accuracy, timeliness, and security. These types of applications still have relevance going forward and it is helpful to view them holistically within a broader overall AI ecosystem.

SAP 80

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 80

PYMNTS

OCTOBER 2, 2019

With ongoing shifts in payments, commerce, security and transparency, corporate cash managers have a lot on their plates. 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.

Cash Management 63

Cash Management Reconciliations Treasury B2C 63

PYMNTS

JANUARY 19, 2021

“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. Security is improved, too, as suppliers don’t have to retain sensitive card information, which may make them vulnerable to cyberattacks.

B2B 93

B2B Invoicing Reconciliations Treasury 93

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

PYMNTS

MARCH 17, 2020

Morgan’s Head of Wholesale Payments Solutions Lia Cao, corporate treasury solutions must be digital, flexible and holistic. While banks provide the global scale and security treasurers need, FinTechs can provide targeted solutions and an elevated user experience. According to J.P. Providing Forward-Thinking Scale. Cao said. “If

Treasury 69

Treasury Banking Reconciliations Compliance 69

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

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

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

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

JANUARY 14, 2020

In this sense, RTP may be seen as an integral part of wider efforts to streamline treasury and accounts payable operations, as well as shed the inefficiencies of manual and paper-based processes. In the latest report, however, six features were viewed this way, including fraud and security (78.3 percent), 24/7 year-round service (76.9

Accounts Payable 53

Accounts Payable Reconciliations Construction Treasury 53

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. A Realistic Approach.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

NOVEMBER 20, 2018

Innovators large and small are addressing some of the many friction points of paying suppliers with a commercial card, from a lack of vendor acceptance to inefficient reconciliation to cybersecurity risks. According to PNC Treasury Management Executive Vice President and Head of Product Management J.

Reconciliations 47

Reconciliations B2B Treasury Securities 47

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

JULY 2, 2019

The solution is offered through Citi’s Treasury and Trade Solutions business, utilizing advanced analytics, artificial intelligence (AI) and machine learning to identify outliers that point to fraud, or perhaps operational oversights that are innocent in nature, but still lead to lost revenues and customers.

B2B 70

B2B Reconciliations Treasury Securities 70

Bramasol

MAY 13, 2024

Enforcement: The PCAOB has the authority to discipline accounting firms and individuals for violations of PCAOB rules and securities laws. In addition, we've been closely involved with latest rollout of SAP GROW add-on packages for compliance automation, digital banking, treasury management, and revenue operations.

Auditing 82

Auditing Compliance SAP Accounting Standards 82

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. Among these is the London-based FinTech Centtrip , which provides global payments, treasury and FX services to business clients.

Reconciliations 46

Reconciliations Currencies Foreign Exchange Accounting 46

PYMNTS

APRIL 2, 2019

These firms often see operational challenges like urgent or last-minute transfers from customers, uncashed refunds and the need to reconcile B2B receivables across disparate billing systems, according to BNY Mellon’s Treasury Services. This also aids the treasury teams tasked with tracking payments.

Treasury 49

Treasury Reconciliations B2B Invoicing 49

PYMNTS

JUNE 20, 2017

The bank said in news Monday (June 19) that supporting use of a mobile wallet solution for corporate payers can help business travelers streamline transactions with online payments and expensing while boosting security. “Companies also are focused on the changing demographics of the U.S. labor force. . labor force. ” U.S.

Banking 44

Banking Reconciliations Treasury Securities 44

PYMNTS

OCTOBER 31, 2019

One of their biggest benefits for users is not only its ability to offer a secure location in which to receive paper checks; the lockbox is also critical to receiving documentation about a transaction. Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms.

Reconciliations 43

Reconciliations Invoicing B2B Treasury 43

PYMNTS

OCTOBER 21, 2019

“PNC has been at the forefront of real-time payments, and we are pleased to be able to extend request-for-payment capabilities across the real-time payment rails,” Chris Ward, executive vice president and head of product & operations for PNC Treasury Management, said in a press release.

Reconciliations 44

Reconciliations Treasury Leverage Banking 44

PYMNTS

FEBRUARY 6, 2020

In a recent conversation with PYMNTS, Transparent Systems Co-Founder and Chief Technology Officer Jeff Kramer remained mum on the particular details of the company’s infrastructure, although the firm described itself as an “on-demand 24/7 settlement” solution that leverages “cryptographically-secured” distributed blockchain networks.

B2B 67

B2B Reconciliations Treasury Technology 67

CS Lucas

APRIL 28, 2023

This article provides an overview of the integration between banks and the CS Lucas Treasury Management System, highlighting the benefits, methods, and costs of integration. Enhanced fraud prevention: The use of automated systems for transferring files reduces the risk of tampering, improving security.

Banking 52

Banking Reconciliations Transportation Securities 52

Finvisage

DECEMBER 31, 2019

Risk of Illicit financial activities seen at Patisserie Valerie could have been mitigated with our Treasury Management System. Manipulating accounting figures in decentralized and error prone spreadsheets is straightforward where reconciliation is time consuming.

Reconciliations 52

Reconciliations Accounting Financial Analysis Construction 52

PYMNTS

MAY 7, 2018

“The first step for corporates is to understand that they’ll never be 100 percent secure,” she explained. And yet, according to recent data from Strategic Treasurer in its Treasury Fraud & Controls report , corporate treasurers appear too confident in their ability to protect their organizations.

Education 47

Education Treasury Reconciliations Banking 47

PYMNTS

APRIL 1, 2016

And yet, oddly enough, only 1 percent of banks have implemented such a beneficial, streamlined processes – but then again, that represents a potential greenfield opportunity for FinTech firms – and, added FTNI, according to industry data, 81 percent of receivables and treasury executives employed at U.S.

Reconciliations 40

Reconciliations Compliance Construction Treasury 40

CFO News Room

NOVEMBER 30, 2022

And some of the biggest decisions that a client can make, like when (and where) to retire and when they should claim Social Security benefits , can be driven in large part by the tax considerations involved. As this article was written, the SECURE Act 2.0 Might be a source of tax-free income ( unless the IRS says otherwise )!

Tax Planning 130

Tax Planning Compliance Planning Communication 130