On the face of it, these are heady days for the trucking industry. Driver shortages are driving up wages. More goods — driven by eCommerce tailwinds — are crisscrossing the proverbial roads than ever. As a result, there are initiatives like Walmart’s program to get...
The World Health Organization’s March 11 pandemic declaration triggered a wave of closures and job losses, and businesses around the globe are still reeling from the impact. Many are tightening their belts in the hopes of mitigating persistent cash flow shortages that are dragging on...
SMBs are going global as they look across borders for new business, but they must convince prospective buyers that transacting with them will be easy and convenient, says Kivanc Onan, Alibaba’s head of payments and financial products strategy for North America B2B. In the Back-Office...
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...
