Legacy cross-border payment methods that may have been inconvenient but endurable in 2019 no longer serve firms’ needs in 2020. Last year saw 68% of companies using wire transfers to transact with international business partners, but more firms are now regarding this approach as too...
Businesses of all sizes struggle with capital management, regardless of whether they employ staff or seek out third parties to handle their cash flows, accounts payable (AP) and accounts receivable (AR) processes and other related tasks. They can confront problems ranging from incorrect invoices and...
Duplicate invoices, delayed payments and other complications usually require tedious — and often inaccurate — manual accounting processes that can cause capital management headaches for businesses' treasury teams. But incorporating data analytics could help these firms spot and eliminate these inefficiencies, Katie Stein, chief strategy...
Handling accounts payable (AP), accounts receivable (AR), cash flows and other capital management tasks is an inescapable reality for almost every business that deals with inventory and sales, but these commonplace processes are fraught with obstacles. Sixty-three percent of businesses in the United Kingdom have...
For all that’s written and said about what’s happening at the checkout, the point-of-sale and front-of-house in general, it’s the back office where the finance magic happens. At times like these, smooth workflows and reliable integration of the right tools can make all the difference....
Money is the lifeblood of businesses, and nothing thwarts growth plans like the inability to easily collect revenue and pay vendors. Inefficient back-office systems can prevent smooth financial flows. Printing paper checks and requiring physical signatures can slow down payments and add complexity to accounts...
Billing processes that pass muster in the U.S. aren’t necessarily enough when transacting with businesses overseas. Each country has unique invoicing standards and regulations, meaning accounts receivable (AR) teams must modify their approaches for each market, says Jeff Edwards, CEO of energy and power solutions...
Businesses have gone back to the drawing board to rethink their payments approaches during the COVID-19 pandemic. Old-school business-to-business (B2B) transaction methods like sending and waiting on checks and physical invoices are more difficult to stick with now that many offices are closed and financial...
