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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If there is a silver lining to the credit crisis and resulting economic woes, it is renewed energy in the supplier financing space. As a B2B e-payment evangelizer, I’ve long considered dynamic supplier financing a potential “killer app” to drive broad adoption of electronic invoicing and B2B e-payment. Supply chain financing is not a new [...]
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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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Sign of the times: who’s getting investor money? A company that runs a marketplace for real-time trading of accounts receivable, enabling small and mid-sized businesses to accelerate their cash flow.
via NYTimes DealBook:
The Receivables Exchange, a New Orleans company that runs an online marketplace for real-time trading of accounts receivable, has closed a $7.75 [...]
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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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How do you handled "stranded" payments? Those received at the corporate headquarters rather than mailed to a lockbox, handed over in person to sales representatives or over the counter, and other errant checks?
Over at the TAWPI blog Mark Brousseau talks to Sam Globack of WAUSAU about new developments in lockbox and remittance processing that [...]
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The June CFO Magazine advises corporate treasurers on how to manage cash during difficult times. One specific suggestion is to keep a close eye on receivables:
Encourage quicker payment of accounts receivables by (1) not
compensating salespeople until an order is paid for, (2) calling
overdue customers when a bill is one day overdue rather than seven days
overdue, [...]
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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.]
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.]
Getting to Know David Peterson of Goldleaf Financial [NACHA Payments] Unlike the rest of my vendor conversations, David Peterson and I didn't talk about his company and its products (Goldleaf bought Alogent earlier this year). I reached out [...]
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[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.]
NetDeposit and the Future of Remote Deposit Capture [NACHA Payments] After exchanging "small world" stories demonstrating all the ways that Danne Buchanan and I should have crossed paths before this week, we settled into a discussion of the future [...]
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[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.]
WAUSAU's Evolving Remittance Solutions [NACHA Payments] Kathy Strasser and I discussed the ways that WAUSAU is continuously evolving in order to meet the growing demand for paper to electronic payment solutions via remote capture, remittance, image/item processing and enterprise [...]
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[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.]
The Global Reach of Remote Deposit Automation [NACHA Payments]
David L. PetersonExecutive Vice President, Goldleaf Financial SolutionsTodd McGuireSenior Expert, Global Concepts/McKinsey
Synopsis from Conference Program
Remote deposit capture has not only eliminated geographic boundaries within the U.S., but has also leaped [...]
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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
