TMS’s growing role in payment factory solutions and services
by Kylene Casanova
Can corporate treasury departments really put all their group’s payments through their TMS?
Accounts Receivable Management
Background
Accounts Receivable (A/R) is the money owed to a business by its clients. The main objective in Accounts Receivable management is to minimise the Days Sales Outstanding (DSO) and processing costs…
Read moreLate payments increase in US, Canada, Brazil and Mexico
by Kylene Casanova
The vast majority (93%) of companies in the Americas (NAFTA and Brazil) say they have experienced late payments from B2B customers in the past year.
e-invoicing: global adoption grows with new country standards + other initiatives
by Kylene Casanova
Australia, Costa Rica and Germany adopt/plan new standards, and Chile and Netherlands forcing usage
Reform for UK payments infrastructure needed to increase competition
by Kylene Casanova
The UK payments infrastructure is in need of reform to increase competition and improve services for customers, according to a market review published by the Payment Systems Regulator (PSR).
Draft strategy will improve access and consolidate UK payments system
by Kylene Casanova
The Payments Strategy Forum has published a draft strategy setting out simpler access, greater innovation, increased adaptability and better security for the UK's payments system.
Best practice for optimising new/old collection systems to maximise global revenue
by Kylene Casanova
Enhancing consumer experience and catering for local differences, e.g. accepting 250 different payment systems in 190+ currencies, is only practical through an omnichannel provider
Does offering multiple payment options retain customers and generate new ones?
by Kylene Casanova
Omni-channel payments for merchants is essential in opening up new markets and retaining current customers. The only question is how?
Internet of Things and impact on the future of payments
by Kylene Casanova
How growing number of connected smart devices will significantly boost digital in-store transaction as well as online purchasing
Clearing and Settlement Systems from Around the World: A Qualitative Analysis
by Kylene Casanova
Bank of Canada’s analysis shows most countries will have many more options, most will have real-time or near real-time systems: How are you going to use these to improve your payments and collections?
UK payments, May 2016: annually- cheques down 13%, Faster Payments +15%, ACH +4%
by Kylene Casanova
Decline of paper and cash usage while ACH, Faster Payments, cards (particularly contactless) and even CHAPS growth continues
Align Commerce’s multi-rail, blockchain payment service now offers insurance cover
by Kylene Casanova
Additional layer of protection securing client assets to ensure users have confidence in Align’s innovative international small business payments service
Payment systems innovation continues: Ripple cutting costs, contactless booming, &
by Kylene Casanova
Cost of cross-border payments dropping, contactless cards, Apple Pay expanding, stopping checkout abandonment, stockpiling bitcoins, overcoming the alternative payments problem, and new channels for collection
Banks and corporates gear up for the new pan-European instant payment system
by Kylene Casanova
EBA Clearing provide preview of system design, functionality and interface specs. How are you going to exploit the new instant payment system available from November 2017?
The future of EU payments: fees, instant payments and evolving infrastructure
by Kylene Casanova
The European Payments Council (EPC) has published its June newsletter, which covers the future of instant payments, the impact of the card interchange fee regulation and payments in the US and Finland.
Inefficient invoice processing can impact whole business model, not just A/R costs
by Kylene Casanova
Keeping processing cost of invoice down is important, but more important is to focus on the impact of your A/R processes on customers, and on the new opportunities opening up world-wide
Future vision of European payments under discussion at #EBAday2016
by Kylene Casanova
EBAday 2016 has kicked off this morning in Milan, bringing together payments professionals from across the EU.
E-invoicing soars, with potential to improve fiscal transparency – survey
by Kylene Casanova
The market for electronic billing and invoicing is set to grow annually by 10-20 per cent, with 2016 volumes reaching around 30 billion invoices globally, according to a recent e-invoicing report.
SmartStream launches TLM SmartRecs OnDemand for reconciliation
by Kylene Casanova
Innovative reconciliation service for corporates from Smart Stream’s new innovation lab
5 ways treasury can support business in the digital economy
by Kylene Casanova
Research by McKinsey looks at the economic impact of the shift towards the globalisation of big data and what this means for multinational companies.
Tipalti, the global supplier payments automation platform, extends ERP integration
by Kylene Casanova
Tipalti SuiteApp achieves meets the NetSuite SuiteCloud Platform development standards and documented best practices
EBA CLEARING’s STEP2 offering unlimited remittance info service in SCTs now live
by Kylene Casanova
Now possible to bundle a large number of invoices/credit notes into one SCT payment and for easy reconciliation on receipt. Eight STEP2 banks offer the new enhanced extended remittance information service
Hanse Orga introduces ‘HO Global Format Integrator’ for payments
by Kylene Casanova
New ‘plug & play’ solution for companies wishing to configure and establish international transaction messages faster and easier into their SAP system.
SAP Ariba partners with PrimeRevenue - will this transform financial supply chain?
by Kylene Casanova
Key players are getting together to iron out the disconnects in the financial supply chain. When two of the biggest players get together, what will happen? Frictionless trade?
Don’t plan for the death of cash/cheques anytime soon: govt. barriers are going up
by Kylene Casanova
ATMIA welcomes Swedish Central Bank support for access to cash; UK government supports continuing with cheques. Future is bright for the multi-payment system providers