The biggest opportunity for chief financial officers (CFOs) isn’t adding another day to pay. It’s eliminating the uncertainty inside the days they already have. Today’s corporate working-capital playbook has become almost reflexive: shorten days sales outstanding (DSO), stretch days payable outstanding (DPO), squeeze inventory. Working-capital...
Corporate treasury typically works in sequence. Money moves, banks record it, statements arrive, and finance teams reconcile what happened. Fast forward to today, and that sequence is starting to run in reverse. As payments become faster and transaction data becomes richer, the economically useful moment...
Australia’s Pay.com is launching in the U.S. as PayRewards after raising $28 million in a Series E round, bringing its total capital raised to $70 million. The new company lets American businesses earn rewards on all payments, bank transfers and credit cards included, Pay.com said...
The $100 billion U.S. tariff unwind isn’t just a legal exercise for enterprise firms; it’s exposing a crucial piece of B2B infrastructure. More than 40 S&P 500 companies reported $9.6 billion in tariff refunds in the past quarter or so, with about $2.1 billion in...
The bigger the company, the more sprawling its back office tends to be. Enterprise resource planning (ERP) systems are supplemented by treasury management software, accounts-payable and receivables platforms, fraud tools, bank-connectivity layers, payment orchestration, foreign-exchange systems, reconciliation software and elaborate data infrastructure. Now, artificial intelligence...
Watch more: Need to Know With WEX’s Eric Frankovic Embedded payments can look simple at launch. A company identifies a customer pain point, integrates a payment capability and begins moving transactions through an experience it already controls. Then the challenges come when the embedded finance...
The next corporate spender may not carry a company card, submit an expense report or even be a person. It may be software. Technology markets can create value at abstraction layers. Stripe could be making that growth bet across payments. The privately held FinTech company...
There’s a new nightmare scenario in enterprise cloud computing, and it’s not an AI-driven cyberattack. It’s a vendor simply going out of business and disappearing. That’s what happened to a PBS affiliate in St. Louis, which lost 70 years of archival material, or around 50...
American Express is expanding the availability of virtual cards for businesses, as more companies use digital payments to manage expenses and reduce fraud. The company said in a Thursday (Aug. 13) press release that U.S. corporate customers can now create, manage and use American Express...