Cent explores cash flow forecasting
Today, in B2B payments, Centime is talking about cash flow forecasting and Paymogy is looking at the transformation of accounts payable. Additionally, Fifth Third is launching a business transition advisory team, Zact is helping manage corporate travel expenses, and Transcard is partnering to achieve early payment discounts.
Bring AP and AR into the intricacies of cash flow forecasting
Forecasting cash flow requires sophisticated data integrations in the back office. Accounts receivable and payable are vital sources of information, but as Centime Founder and CEO BC Krishna told PYMNTS, these workflows can also be deeply impacted by the information provided by forecasting technology. robust.
Paymogy invests in invoice flow to transform accounts payable
Invoice Stream is ready for an overhaul following an investment from Paymogy, whose founder, Vaden Landers, will now become interim CEO of the accounts payable automation platform. Virtual cards and ACH can help businesses move away from paper checks, but to truly transform accounts payable, Landers says financial executives need to explore other avenues. He explains to PYMNTS how the monetization and digitization strategy can lead to a more significant evolution of PAs.
Fifth third private bank launches a business transition advisory team
Ohio-based Fifth Third Private Bank announced Thursday, August 19, the creation of the Business Transition Advisory team, a group aimed at preparing business owners for the financial and personal responsibilities associated with a business transition, merger , an acquisition or an initial public offering. . Frieda Rakhman, who joined the bank in January, will lead the team. Rakhman brings over 20 years of financial expertise to this role.
Zact, ITILITE collaborate on travel expenses
The payment company Zact announced Thursday, August 19 a partnership with the platform for reimbursement of professional travel expenses ITILITE. The two companies said in a press release that the partnership will allow organizations “to seamlessly issue payment cards, make travel reservations and manage employee expense reports, all from within. ‘an integrated platform’, calling it “the first fully interoperable travel booking and expense management experience.” . “
Transcard, Previse Partner on early payment discounts
Payment company Transcard announced Thursday, August 19, that it is working with integrated finance company Previse on a new discount solution for early payment. According to a press release from the company, the partnership will involve the integration by Previse of its prepayment discount solution into Transcard’s account-to-account (A2A) SMART Exchange payment platform.