From the category archives:
The WSJ reports today that as economic uncertainty persists, large companies are more successful than smaller companies in retaining their cash. They do so by paying their suppliers later – delaying payment out to 120 days or more in some cases – while simultaneously tightening the credit terms they offer their own customers, forcing them [...]
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A new report from Forrester underscores a theme that my partner Carol Coye Benson and I have been championing for months now. Widespread adoption of B2B electronic payments is dependent upon an open directory that allows business buyers that want to pay electronically find out which of their myriad of suppliers accept electronic payment and [...]
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CFO.com summarizes the most recent Forrester “TechRadar” report on financial software. Not surprisingly, economic woes are driving businesses’ need for accounts receivable and collections software to help companies monitor their customers payment behavior. Budgeting and forecasting solutions as well as expense reporting tools are also in high demand. Accounts Payable solutions are up and coming [...]
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Yesterday Wells Fargo announced a new online invoicing solution for its small business customers that positions the bank to compete against entry level accounting packages. I’ve tried it out and I am impressed: it’s quick, easy, and intuitive. This afternoon I spoke with Richard Weeks, Sr Vice President at Wells Fargo’s Internet Service Group, to [...]
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A recent survey by Treasury & Risk Magazine reveals that only half of companies with revenues under $2 billion have automated either their accounts receivable (A/R) or accounts payable (A/P) processes:
Just over half of the firms that participated in the survey use an ERP system (56%, up from 43% last year) and 25% have a [...]
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From CFO.com
Since the credit-crisis began to hit its crescendo in mid-September,
CFOs at companies of all sizes have been paying ever closer attention
to the cash streaming through their businesses and keeping careful
watch on their suppliers' credit terms and their customers' viability.
No one wants to see the current credit freeze among wary banks repeated
between customers and vendors. [...]
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My previous post on Wells Fargo's mobile banking for corporates was very popular, so I imagine Forte Blog readers will be interested in these recent updates to WF's CEO Mobile service:
Wires: CEO Mobile users now can initiate and approve wires from wherever they are and are no longer tied to their PC in the office. [...]
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VISA Commercial partnered with Deloitte Consulting to conduct the 2008 Global Procure-to-Pay and Commercial Card Best Practices Study. This is an refresh of earlier research.
Previously identified and still relevant best practices include:
Implementing an automated end-to-end financial process;
Using supplier relationship management tools;
Incorporating full data integration to provide enhanced reporting and spend analytics;
Adopting control and compliance [...]
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From Bank Technology News:
Ariba, a spend management solutions firm, has agreed to a first-ever private-label agreement for its invoice and payments technology with Citi’s Global Transaction Services unit. Citi plans to integrate Ariba with its own e-payment and supplier finance offerings. Those programs include Citi’s recently launched purchase card program and connectivity to major supplier [...]
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[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.]
From Check to Electronic Payments: The B2B Outlook [NACHA Payments]
Arlene S. Chapman CTP
Senior Consultant, Technical Services, Association for Financial Professionals
Daniel W. Ellecamp CCM
Financial Consultant, California State Automobile Association
Rue Jenkins
Assistant Treasurer, Costco Wholesale Corporation
Claudia Swendseid
Senior Vice President, Federal Reserve [...]
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[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.]
Corporate Mobile Banking: Separating Hype from Reality [NACHA Payments]
Jacob JegherSenior Analyst, Celent
Amy L. JohnsonVice President, Wells Fargo
Synopsis from Conference Program
Mobile banking is generating a wave of excitement in the North American marketplace. While much of the [...]
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[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.]
The Return of The XML All-Star Team [NACHA Payments]
Susan Colles CPA, CBASenior Vice President, Bank of AmericaRobert Blair CCMVice President, JPMorgan ChaseSusan BoeriManager, Treasury Services, GE Corporate TreasuryFred Laing, II AAP, CCMPresident, Upper Midwest ACH AssociationLeonard SchwartzDirector, ABN [...]
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[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.]
OB10 – ERP and FI Agnostic Global eInvoicing [NACHA Payments]
OB10 is a well established buyer-centric eInvoicing solution, but they are in the process of reaching
out to AR as well as AP to offer ERP agnostic, electronic payment [...]
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I took a slight detour en route home from Las Vegas (via Death Valley and Yosemite – spectacular!) and just finished writing up my observations.
This year is the largest NACHA Payments conference to date (they get bigger and bigger each year) with nearly three thousand attendees. There were sessions devoted to ACH, check electronification, [...]
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This week GTNews explores opportunities to add value through Accounts Payable (AP) automation. We explored this topic in depth at the recent B2B workshop and featured many of the vendors that submitted articles on the topic to GTNews (including Bottomline and Ariba).
The Topsy-Turvy World of EIPP: Embraced by Payables FunctionsNancy Atkinson, Aite GroupThis article looks [...]
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Glenbrook Payments Boot Camp
Mar 10-11, 2010, Santa Clara, CA
May 19-20, 2010, Santa Clara, CA
Headlines from Payments News
