Automation can improve efficiency, speed and accuracy in accounts receivable (AR), reducing days sales outstanding (DSO) and expediting payments. It also streamlines complex, error-prone accounts payable (AP) processes that many firms use. “Solving Accounts Payables’ Top Frictions With Automation,” a PYMNTS and Corcentric collaboration, drew...
Today’s CFOs don’t just balance and close the books; they’re the architects of financial innovation. That’s because, no longer confined to number-crunching and financial operations, finance chiefs are increasingly expected to be — and turned to as — strategic visionaries, inspirational leaders, and objective decision-makers,...
BMO Financial Group has partnered with DailyPay, a provider of on-demand pay solutions, to enable BMO’s commercial clients to offer earned wage access to their employees. This collaboration aims to provide real-time access to wages as they are earned, giving employees the ability to access their funds...
The modern chief financial officer’s toolkit includes more than just calculators, spreadsheets and paper invoices. In the face of ongoing macro landscape shifts, finance leaders are increasingly being called on to deploy everything they’ve got as they help their organizations strategically navigate business disruptions and...
OneSource Virtual (OSV), a company specializing in HR, payroll and finance solutions for Workday customers, has unveiled a digital wallet designed to improve the employee pay experience. The new myFlexWallet is an all-in-one digital wallet that provides employees with a centralized platform for managing their finances, the company...
Banking giant HSBC debuted a trade finance offer to help clients pay suppliers. The tool, dubbed TradePay, is an industry-first, document-free trade finance solution that lets clients instantly draw down trade loans, according to a Tuesday (Sept. 19) news release provided to PYMNTS. In doing...
Spanish FinTech Payflow has raised $21 million to expand its on-demand payment offering for employees. “In the current context, this is more than great news, this is transformational for us and will allow us to grow 10x in Europe and Latin America,” Co-founder Benoit Menardo announced on...
Bank of America has unveiled a platform to help business clients digitize trade finance. The company’s CashPro Supply Chain Solutions tool is designed to offer supply chain participants “improved process efficiency and working capital optimization,” Bank of American said in a Monday (Sept. 18) press release. The...
The past few years have been a period of fundamental change and digital transformation. And as the business landscape continues to shift, executive leadership teams are themselves being transformed as leaders proactively adapt their departmental workflows, responsibilities and goals to meet ongoing macro challenges. “The...