In today’s business environment, taking a hands-on approach can sometimes be a bad thing. Literally. While key corporate functions such as finance, treasury, accounts payable (AP) and accounts receivable (AR) have traditionally relied on manual processes — which often involve time-consuming data collection, analysis and...
Torpago has raised $10 million in a Series B funding round to support its white-label commercial credit card and expense management platform designed for banks. The company will use the new funding to service growing demand for its solution, enhance implementation and compliance resources, and...
Businesses in the Eurozone have seen their third straight month of growth. According to The Wall Street Journal, this upward climb has been driven in a large part by stronger-then-expected economic numbers coming from Germany’s services and manufacturing sectors. This is welcome news for a region...
GSCF is launching a working capital as a service solution for businesses. The offering will allow companies to maximize their liquidity management by applying an operating model that is integrated with their funding partners, the company said in a Wednesday (May 22) news release. By combining...
RBC Capital Markets has launched a cloud-native cash management solution designed for Fortune 1000 companies in the United States. The new RBC Clear platform provides near real-time traceability and transparency of transaction lifecycles for corporate treasurers, the firm said in a Tuesday (April 16) press release. “When we decided...
The Asia-Pacific (APAC) region contributed roughly two-thirds of global growth last year. PYMNTS Intelligence recently studied Growth Corporates, or mid-market firms, in the APAC region to determine how they leveraged working capital solutions as part of our “2023-2024 Growth Corporates Working Capital Index” series. The...
According to PYMNTS Intelligence’s inaugural edition of “The 2024 Certainty Project Report,” uncertainty costs middle-market companies more than $20 million on average, per these firms’ CFOs. The 2024 Certainty Project is a first-of-its kind study examining the economic impact that uncertainty has on firms operating...
Today’s corporate treasurers face a dynamic set of demands. These requirements, which have traditionally centered around core activities like working capital management, banking, investments, risk management for currencies and interest rates, and other operationally necessary financial exercises, are becoming increasingly scaled up as businesses expand...
Visa and Alaan have partnered to provide digital expense management solutions to businesses in the United Arab Emirates (UAE) and Saudi Arabia. The companies’ five-year strategic alliance brings together the VisaNet global payment processing network and Alaan’s artificial intelligence (AI) spend management system, the companies said in a Wednesday...