Latest news with #costcontrol
Finextra
6 days ago
- Business
- Finextra
Corpay launches automated finance platform in UK
Corpay, the global S&P500 corporate payments company trusted by thousands of businesses worldwide, has launched Corpay Complete in the UK, a powerful, all-in-one platform designed to streamline finance operations, automate payments, and deliver real-time control over costs. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Already trusted by finance teams across the US, the platform has been adapted for the complexity of UK finance, and unifies accounts payable, FX, expenses, and payments into one intelligent solution. With expert local support and a human-first approach, Corpay Complete turns cutting-edge technology into a true finance partnership. The launch comes as recent data highlights that UK finance leaders are under growing pressure to do more with less – less resource, less time, less budget. According to Deloitte, 63% of UK CFOs now rank cost control as their highest business priority. In addition, just 36% of UK CFOs say that they have real-time visibility over their cash flow, while one in three UK businesses has fallen victim to invoice fraud – often due to manual processes and weak controls. This is echoed globally, as more than half of finance professionals are still spending over 10 hours per week processing invoices. Yet despite the time drain, only 5% of finance teams are fully automated, according to the Institution of Financial Operations Leadership's 2024 member survey – which includes responses from UK-based CFOs. The result is a clear disconnect between day-to-day workload and digital maturity. Fragmented systems make it worse, with 67% of global CFOs saying that disconnected tools are a barrier to meaningful automation and cost efficiency. Built to meet the demands of modern finance teams, Corpay Complete helps UK businesses save time, cut costs, and take control over fragmented finance operations. By unifying accounts payable, expense management, and international payments into one intelligent platform, finance leaders can move beyond disconnected systems and manual workflows. Corpay Complete automates the entire finance lifecycle – from supplier onboarding and purchase order creation to invoice capture, receipt matching, expense management and payment approvals. With customisable approval flows and a mobile-first interface, the platform eliminates administrative friction, reduces the risk of errors and fraud, and frees finance teams to focus on strategic priorities. By accelerating approvals, businesses can strengthen supplier relationships and take advantage of early payment discounts to improve working capital. The platform also enhances corporate spend control through integrated card programmes and secure, single-use virtual cards**, helping reduce leakage and unlock potential cashback of up to 1%* on eligible payments. For organisations with international operations, Corpay's market-leading FX capabilities enable fast, transparent cross-border payments to over 200 countries in 145 currencies – delivered with competitive exchange rates and no hidden fees. Corpay Complete gives finance leaders the clarity and oversight they need, with a single platform to track, approve, and manage payments in real time – whether at their desk or on the move via the Corpay mobile app. Speaking on the launch of Corpay Complete, Alan King, Group President at Corpay, said 'Corpay has been at the forefront of business payments in the US and globally – supporting thousands of businesses with smart, scalable finance solutions. Now, we're bringing that expertise to the UK with Corpay Complete, our all-in-one platform built specifically for today's finance leaders.' King added: 'The timing couldn't be more critical. Between the acceleration of digitisation, the rise of embedded finance, and widening skills gaps in finance teams, UK businesses are under growing pressure to do more with less. Corpay Complete is purpose-built for these realities – a solution that unifies accounts payable, FX, and expenses, helping finance teams work smarter, move faster, and manage risk with confidence.' Piero Macari, Corpay's VP of Products, added: 'As CFOs across the UK navigate the demands of digital transformation, they are increasingly expected to modernise financial operations, enhance cash flow visibility, and remove human error in a rapidly evolving business environment. Corpay Complete is purpose-built to meet these challenges. It integrates with existing financial systems, automates complex accounts payable workflows, and supports mobile-first digitisation to streamline processes from end to end. The platform delivers real-time financial data, empowering finance leaders to make faster, more informed decisions. Corpay Complete also simplifies expense management through integrated corporate cards, enabling organisations to monitor spend in real time, enforce policy controls, and unlock commercial opportunities tied to card usage. With support for both domestic and international payments, and efficient corporate credit card management, the platform helps finance teams reduce manual workloads, improve working capital, strengthen supplier relationships, and focus on driving strategic value. In today's digitising landscape, Corpay Complete delivers the operational agility and financial oversight modern organisations need to compete and grow.' Corpay already processes $320 billion in payments annually, delivers over $700 million in rebates, and supports 800,000+ corporate clients worldwide. As one of the largest FX providers in the UK, Corpay Cross Border Solutions also trades more than $320 billion in foreign exchange each year – giving businesses access to competitive rates and trusted global payment infrastructure. The launch of Corpay Complete marks a major step forward in its mission to simplify business finance – bringing together that global expertise in FX and payments with intelligent automation tailored to the needs of UK finance teams. Recognised by Forbes as one of the world's most innovative companies and by TIME as one of the world's best, Corpay brings entrepreneurial energy, proven scale, and deep industry expertise to the global payments space. With a track record of simplifying complex payment processes for businesses worldwide, Corpay is now setting its sights on transforming the way UK finance teams operate – starting with Corpay Complete.
Yahoo
7 days ago
- Business
- Yahoo
Corpay Launches Corpay Complete as Disconnected Finance Systems Drain Time and Budget
Corpay has launched Corpay Complete in the UK. The new, all-in-one platform – already live in the US and now tailored for UK businesses – unifies Accounts Payable, FX, expenses, and payments to reduce risk, cost, and complexity. The launch comes as UK CFOs cite cost control as 2025's top priority – yet fragmented systems and manual finance processes remain widespread. LONDON, July 14, 2025--(BUSINESS WIRE)--Corpay, the global S&P500 corporate payments company trusted by hundreds of thousands of businesses worldwide, has launched Corpay Complete in the UK, a powerful, all-in-one platform designed to streamline finance operations, automate payments, and deliver real-time control over costs. Already trusted by finance teams across the US, the platform has been adapted for the complexity of UK finance, and unifies account payable processes & workflow, expense management & oversight, and domestic & international payments. With expert local support and a human-first approach, Corpay Complete turns cutting-edge technology into a true finance partnership. The launch comes as recent data highlights that UK finance leaders are under growing pressure to do more with less – less resource, less time, less budget. According to Deloitte, 63% of UK CFOs now rank cost control as their highest business priority. In addition, just 36% of UK CFOs say that they have real-time visibility over their cash flow, while one in three UK businesses has fallen victim to invoice fraud – often due to manual processes and weak controls. This is echoed globally as, more than half of finance professionals are still spending over 10 hours per week processing invoices. Yet despite the time drain, only 5% of finance teams are fully automated, according to the Institution of Financial Operations Leadership's 2024 member survey – which includes responses from UK-based CFOs. The result is a clear disconnect between day-to-day workload and digital maturity. Fragmented systems make it worse, with 67% of global CFOs saying that disconnected tools are a barrier to meaningful automation and cost efficiency. Built to meet the demands of modern finance teams, Corpay Complete helps UK businesses save time, cut costs, and take control over fragmented finance operations, by unifying accounts payable processes & workflow, expense management and both domestic & international payments into one intelligent platform. With the ability to integrate with existing accounting software and ERP systems, Corpay Complete automates and digitises the entire finance lifecycle – from supplier onboarding and purchase order creation to invoice capture, receipt matching, expense management and payment approvals. With customisable approval flows and a mobile-first interface, the platform eliminates administrative friction, reduces the risk of errors and fraud, and frees finance teams to focus on strategic priorities. By accelerating approvals, businesses can strengthen supplier relationships and take advantage of early payment discounts to improve working capital. The platform also enhances corporate spend control through integrated card programmes - for travel & entertainment and purchasing spend - and secure, single-use virtual cards**, helping reduce leakage and unlock potential cashback of up to 1%* on eligible payments. For organisations with international payment needs, Corpay's market-leading FX capabilities enable fast, transparent cross-border payments to over 200 countries in 145 currencies – delivered with competitive exchange rates and no hidden fees. Corpay Complete provides finance leaders with the clarity and oversight they need, with a single platform to track, approve, and manage payments in real time – whether at their desk or on the move via the Corpay mobile app. Speaking on the launch of Corpay Complete, Alan King, Group President at Corpay, said "Corpay has been at the forefront of business payments in the US and globally – supporting thousands of businesses with smart, scalable finance solutions. Now, we're extending that expertise to the UK with Corpay Complete, our all-in-one platform built specifically for today's finance leaders." King added: "The timing couldn't be more critical. Between the acceleration of digitisation, the rise of embedded finance, and widening skills gaps in finance teams, UK businesses are under growing pressure to do more with less. Corpay Complete is purpose-built to give greater control and real-time visibility to financial controllers – a solution that unifies accounts payable, FX, and expenses, helping finance teams work smarter, move faster, and manage risk with confidence." Corpay supports over 800,000 corporate clients worldwide, processing $320 billion in payments annually on their behalf, and providing them with over $700 million in rebates on their business spend. As one of the largest FX providers in the UK, Corpay Cross Border Solutions also trades more than $320 billion in foreign exchange each year – giving businesses access to much more competitive rates than those offered by mainstream banks – all processed via a trusted global payment infrastructure. The launch of Corpay Complete in the UK marks a major step towards helping companies simplify their finance operations and payments execution – bringing together fragmented and complex processes into a single, intelligent and automated platform that takes advantage of Corpay's global payments & FX expertise. Recognised by Forbes as one of the world's most innovative companies and by TIME as one of the world's best, Corpay brings entrepreneurial energy, proven scale, and deep industry expertise to the global payments space. With a track record of simplifying complex payment processes for businesses worldwide, Corpay is now setting its sights on transforming the way UK finance teams operate – starting with Corpay Complete. For more information about Corpay Complete, visit: * Rebates terms & conditions subject to agreed card-based volumes on monthly spend. Level of rebate for illustration purposes only and rate paid will depend on monthly spend. ** estimated delivery Q4 2025 About Corpay Corpay (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay's suite of modern payment solutions help its customers better manage vehicle-related expenses (like fuelling and parking), travel expenses (like hotel bookings) and payables (like paying vendors). This results in our customers saving time and ultimately spending less. Corpay – Payments made easy. 'Corpay' and 'Corpay Complete' are trading names of Allstar Business Solutions Limited. Payment services provided by Allstar Business Solutions, Canberra House, Lydiard Fields, Swindon, Wiltshire, SN5 8UB, Registration Number 2631112 GB. Allstar Business Solutions is authorised by the Financial Conduct Authority under the Electronic Money. Regulations 2011 (register reference 900470) for the issuing of electronic money and the provision of payment services. 'Cambridge Global Payment' and 'AFEX' are trading names that may be used for the international payment solutions and risk management solutions provided by certain affiliated entities using the brand 'Corpay'. International payment solutions are provided in the United Kingdom through Cambridge Mercantile Corp. (UK) Ltd. To learn more visit View source version on Contacts Scott Girling-Heathcote. SkyParlour for Corpayscott@ +44 (0)330 043 1315 Sign in to access your portfolio
Yahoo
03-07-2025
- Business
- Yahoo
5 Must-Read Analyst Questions From Rockwell Automation's Q1 Earnings Call
Rockwell's first quarter results were well-received by the market, driven by strong execution on cost control and margin expansion despite a challenging sales environment. Management credited robust performance to effective pricing, ongoing cost reduction programs, and resiliency investments made during recent supply chain disruptions. CEO Blake Moret highlighted sequential improvement in customer demand and cited particularly strong growth in e-commerce and warehouse automation solutions, which offset declines in automotive and process sectors. He noted, 'Our value proposition is stronger than ever before,' pointing to recent share gains in power control and increased adoption of Rockwell's automation and robotics offerings. Is now the time to buy ROK? Find out in our full research report (it's free). Revenue: $2.00 billion vs analyst estimates of $1.98 billion (5.9% year-on-year decline, 1.1% beat) Adjusted EPS: $2.45 vs analyst estimates of $2.12 (15.8% beat) Adjusted EBITDA: $452 million vs analyst estimates of $380.2 million (22.6% margin, 18.9% beat) Management raised its full-year Adjusted EPS guidance to $9.70 at the midpoint, a 5.4% increase Operating Margin: 17%, up from 15.6% in the same quarter last year Organic Revenue fell 4% year on year (-8.1% in the same quarter last year) Market Capitalization: $38.63 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Andrew Obin (Bank of America) asked about drivers behind e-commerce and warehouse automation growth and visibility into the second half. CEO Blake Moret cited multiple customer segments and confirmed data centers are part of this vertical, attributing growth to ongoing investments by consumer and logistics companies. Scott Davis (Melius Research) questioned how customers are responding to reshoring trends versus macro uncertainty. Moret noted optimism in U.S. manufacturing but highlighted project delays due to tariff-related cost uncertainty and interest rates, especially in automotive and process sectors. Chris Snyder (Morgan Stanley) inquired if project delays are likely to reverse with improved visibility. Moret clarified that delays are not cancellations and expects investments to resume as cost certainty returns; North America remains the strongest region. Andy Kaplowitz (Citigroup) asked about the long-term margin potential and cost-out runway. CFO Christian Rothe pointed to hundreds of ongoing productivity projects and expects further structural cost opportunities, though specifics for future years were not provided. Joe O'Dea (Wells Fargo) requested details on tariff exposure by region and competitive positioning. Rothe explained the majority of U.S. imports from Mexico and Canada are compliant with trade agreements, and Moret emphasized Rockwell's flexible manufacturing footprint as a key advantage. Heading into the next quarters, the StockStory team will closely monitor (1) execution of tariff offset strategies and supply chain moves, (2) progress in automation, robotics, and software adoption across key verticals like e-commerce and life sciences, and (3) the pace of recovery in delayed capital projects, especially in automotive and energy. Continued improvement in recurring software revenue and the impact of cost actions will also be key indicators. Rockwell Automation currently trades at $342.74, up from $252.78 just before the earnings. In the wake of this quarter, is it a buy or sell? Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.
Irish Times
02-07-2025
- Business
- Irish Times
Microsoft to cut some Irish jobs in global cost-reduction push
Microsoft began its third round of job cuts this year across its global operations on Wednesday as it looks to shed an additional 9,000 workers, including some in Ireland, in a bid to control costs. The software company declined to comment on how many jobs would be affected in Ireland, where it employs some 6,000 people. Bloomberg reported previously that Microsoft planned to announce cuts of around 4 per cent of its global workforce in July, amounting to around 9,000 of its 228,000 staff. If applied uniformly to Ireland, it means some 240 jobs could be on the firing line in the Republic. READ MORE In response to queries, a spokeswoman for Microsoft Ireland said: 'We continue to implement organisational changes necessary to best position the company for success in a dynamic market.' Bloomberg reported that the cuts will be spread across geographies and target salespeople, as well as divisions including Xbox. [ Microsoft cost-cutting at gaming subsidiary resulted in almost 130 job losses in Cork Opens in new window ] The terminations follow an earlier round of lay-offs in May that hit 6,000 people and fell hardest on product and engineering positions. Microsoft also shed around 1,000 jobs in January. Microsoft often restructures teams and announces other changes near the end of its fiscal year, which closes in June. – Additional reporting: Bloomberg
Yahoo
02-07-2025
- Business
- Yahoo
Microsoft to Cut 9,000 Jobs in Second Wave of Layoffs
Microsoft began job cuts that will impact about 9,000 workers, a second major wave of layoffs this year as it seeks to control costs. Less than 4% of the company's total workforce will be impacted, a spokesperson said. Mandeep Singh has more on "Bloomberg Open Interest." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
