Time for change of attitude on late payments
by Bija Knowles
A payment report by Intrum finds that 1.69 per cent of annual revenue had to be written off due to non-payment in the past 12 months
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Accounts Payable Management
Background
Accounts Payable are the payments a business owes to suppliers for goods or services purchased on credit; a type of short-term debt. Accounts payable are often referred to as "payables." The main objectives in accounts payable management are to: minimise processing costs whilst also minimising… Read more about Accounts Payable Management
How to make payments without banking details of beneficiary
by Jack Large
Volante’s Self Service Online Portal could be the solution
SWIFT extends gpi to all cross border payments
by Jack Large
Small banks will be given a basic gpi service; who doesn’t like gpi?
Payments: New card technologies & cards; Open Payment Platform; UK Faster Payments; Card charges row
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Revolution continues with good and the bad
Platforms with potential for new payment services
by Jack Large
Citi first corporate bank to enroll as registered third party payment provider for Open Banking in UK; Bankable partnering with Starling Bank and Transact Payments to deliver full-service payments infrastructure
Payables automation drivers
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Tipalti research shows what to focus on
What to do about payables automation
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How modern companies are automating payables, improving working capital, and leveraging electronic payments
Two UK payment systems consolidated under New PSO
by Bija Knowles
The operational responsibility for two of the UK's payment systems, Bacs and Faster Payments, has been transferred to the New Payment System Operator
Payments data more useful than real-time settlement for corporates
by Bija Knowles
Detailed payments data is more important than payments in real time, according to a recent survey of corporate treasury professionals
The cost of managing a global payments programme in-house
by Bija Knowles
What does implementing a payments compliance programme actually involve? An infographic by Hyperwallet sets out some of the considerations companies will need to manage
Payments update and tips for improving efficiency
by Jack Large
Tips for collecting and making payments efficiently and effectively
Payments roundup: RMB struggles; Adyen dominance, PayPal bad/goodday; e-wallets
by Jack Large
SWIFT RMB tracker reports; multi-channel platform dominance at expense of PayPal; local currencies; and battle of e-wallets is going global
Asset management: digital wallet bridges gap between fiat & cryptocurrencies
by CTMfile
Shows how to manage all types of asset class
Late payment is bad for business – yet 27% of UK invoices paid late
by Bija Knowles
Keeping suppliers waiting beyond the payment terms for invoice payment makes no economic sense and is damaging the supply chain – yet 27 per cent of invoices are paid late in the UK
Payment roundup: instant payments, virtual cards, mobile payments, biometrics
by CTMfile
World is moving to instant and/or mobile payments as new technologies transform
Carillion - slow payments have devastated suppliers, and SMEs are the worst hit
by Paul Christensen, Co-founder and CEO, Previse
It’s in the interest of large corporates to have their suppliers paid fast, not slow. Buyers and sellers alike want this solved......
Late payment is the silent killer of modern business and it’s getting worse
by Jack Large
Survey shows that 62% of invoices issued by UK SMEs in 2017 (worth over £21b) were paid late
Poor integration = poor solution
by Jack Large
FIS and Tieto show how vital integration is as payment factories are being merged with cash and liquidity management solutions
WEBchat insights: Four steps in developing your payment strategy
by Jack Large
Dan Blumen and Jack Large discuss the key questions for corporates on payment systems and his methodology in developing a payment strategy
Cancerous late payment behaviour continues
by Jack Large
Staff at Kantar, WPP, have been encouraged to wait until next year to pay outstanding invoices. Do you prefer exploiting SMEs too?
Actions for next week: Four steps to develop an effective payments strategy
by Dan Blumen, Founding Partner, Treasury Alliance Group
A cogent, coordinated analysis to review your current strategy and processes to identify ways to improve them
EBA CLEARING’s RT1 system for SCT Inst processing goes live in ONE WEEK
by Jack Large
IBERPAY and EBA CLEARING announced today that the Spanish retail payment system is ready to provide Europe-wide instant payment connectivity to Spanish banks
Payments development: non-stop innovation worldwide
by Jack Large
Preventing charge backs; P2P payments; instant payment systems; SWIFT GPI; Adyen; march of Alipay and WeChat
Sunlight Payments platform = SWIFT GPI on steroids
by Jack Large
Sunlight Payments will revolutionize the way charitable organizations and NGOs around the world manage and track their payments and grants