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From sourcing to invoicing, B2B transactions involve a lot of steps before the actual payment. Using FIS-run PayNetExchange to process ACH, checks and virtual cards and using Comdata to issue Mastercard commercial cards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction.
” However, the latest analysis from the Association for Financial Professionals (AFP) suggests businesses are reluctant to let go of that cash. The AFP’s newest Corporate Cash Indicators report , released this week, found trade dispute concerns to be among the largest factors hampering U.S.
Small businesses are anxious, and there is evidence that large corporates’ cashmanagement and investment strategies are also being shaped by political uncertainty. Small business employment, cash reserves and FinTech investment plans are all being shaped by this year’s presidential election. .
Operating as a funding agent will broaden community banking participation in RTP, Bankers’ Bank said, adding that it will also build a 24/7 liquidity management solution for RTP transactions within its cashmanagement suite of services. FinTechs Move Money To Vendors Faster.
Separate analysis from the Association for Financial Professionals (AFP), also released last year, further emphasized the shifting role of treasury, with 80 percent of treasurers surveyed agreeing that the position is playing a more strategic role than it did three years ago — and will continue to do so moving forward.
New research from Asset Benchmark Research suggests ties with regulators and even reputation are not the number one priority for corporate treasurers looking for a cashmanagement provider. Only 13 percent said they decreased the number of cashmanagement solution providers with which they were working.
New research from the Association for Financial Professionals (AFP) released Monday (May 22) found 80 percent of corporate treasurers agree the role has become more strategic in the last three years. Cashmanagement and forecasting are also top areas of focus, cited by 64 percent of respondents as top priorities for the next three years. “As
The Association for Financial Professionals (AFP) released its 2016 Electronic Payments Survey earlier this year and found that use of paper checks in B2B payments actually rose 1 percent compared to 2013 levels. About 44 percent of payments received are in the form of a paper check too, the report noted.
Business-to-business (B2B) trade, especially when deals occur across borders, expose businesses to all sorts of risks, like non-payment (on the supplier’s side), or non-deliver (on the buyer’s side). The buyer-supplier relationship goes beyond regulatory requirements like Know Your Customer. The supplier would be at risk [of non-payment].”.
In their Strategic Role of Treasury Survey , the AFP and Marsh & McLennan identified the forces pressing companies to shift the treasury department into a more strategic position. As corporates and the treasurers themselves examine the issue, a new report from Marsh & McLennan Cos.,
But in B2B payments, are corporates ready to participate in this new ecosystem? The conclusions suggest B2B payments may not be as ready as the market would hope. Citing the 2016 AFP Payments Fraud and Control Survey, SunTrust attributed that figure to the use of non-electronic payments processes.
New research finds that nearly all corporate treasurers agree that their relationship with financial institutions is a key factor in determining which bank to work with and where to invest short-term cash. The findings were detailed in the latest 2016 AFP Liquidity Survey , underwritten by State Street Global Advisors (SSGA).
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