SWIFT Retools For It’s Next 50 years; SMBs Mull Survival; Non-payroll Expenses Plagued by Errors
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

October 3, 2022

       BUSINESS-TO-BUSINESS EDITION

Accounts Payable

47% of Firms See Data Entry Errors as Challenge in Non-Payroll Expense Management

A significant percentage of executives say visibility is a hurdle when it comes to optimizing expense management practices, and in gaining an accurate view of cash positions (and an enterprise’s financial health).

 

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Cross-Border Payments

SWIFT Plots Real-Time Role for Next 50 Years of Cross-Border Payments

It has been the international money transfer standard for half a century, but as SWIFT gets set to turn 50 next year, the Brussel-based cross-border cooperative is reimagining its role in world where money moves faster and more cheaply than ever, and nimble upstarts are eager to disrupt a system that’s been in place for decades.

 

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SMBs

12% of SMBs Concerned They Won’t Survive Past 2024

The gloomy outlook comes from interviews with 533 US businesses PYMNTS did for the new “Main Street Health: SMBs Battle Inflation” report, which shows that a significant pocket of the SMB universe is still on shaky ground after three tumultuous years that have pushed many of their peers to the brink — or beyond.

 

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