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The treasury function: Its role in protecting financial resources.

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The survey revealed that the majority of participants consider “managing liquidity risk and overseeing financial risk management” to be crucial priorities. An automated, consolidated spend management platform helps treasury departments gain the visibility and control they need to build responsiveness for a turbulent economy.

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Virtual Cards Help Companies Manage Spend In Real Time

PYMNTS

In this month’s Feature Story, Caleb Jenkins , leader of client accounting services for tax and accounting firm RLJ Financial , describes how the firms’ need for real-time payment options is peaking amid the pandemic and how virtual cards can help deliver the faster payments options they need to stay afloat. About The Playbook.

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How AR-AP Connectivity Works To Deepen Buyer-Supplier Ties

PYMNTS

As more technology emerges to sit between a company’s accounts payable (AP) platform and its vendor’s accounts receivable (AR) portal, service providers are looking to ease friction in a multitude of ways, from accelerating payments and cash flows to easing contract negotiations.

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Invoice Automation: What you need to know.

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However, proper data management and double-checking the data will remain important to maintain the accuracy of the invoicing process. 3-way match is a process used in accounts payable to ensure that invoices are accurately matched to the correct purchase order and corresponding goods received note (also called the receiving report).

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Visa, Mastercard, Amex Stake Their Bets On B2B

PYMNTS

Cards are still expected to account for only a minor fraction of B2B payments volume in accounts payable by the end of the year, after all, with ACH gaining traction as the go-to ePayments rail for corporate payers.

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Commercial Cards Gear Up For Corporate Travel’s Return

PYMNTS

In another initiative focused on spend management, BNP Paribas announced that it is adding virtual commercial cards within the expense management platform Coupa , linking those cards to Coupa Pay, PYMNTS reported.

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Vroozi Debuts Supplier Payment Feature With Nvoicepay

PYMNTS

Corporate spend management platform Vroozi is enabling its corporate users to pay their suppliers from directly within its platform through a partnership with Nvoicepay. 25) that Vroozi’s purchasing and spend management portal will now integrate Vroozi Pay to round out its procure-to-pay offering.