About Us

Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

A Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Social Media

Bluesky • Facebook • Instagram • LinkedIn • YouTube

Meet the Laser Focus World Team

Editorial

Sales

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology
My Watchlist
Indicators
Industrial Laser Index
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

Corpay Cross-Border Launches Netting Manager to Streamline and Automate Internal Invoice Settlement

By: via Business Wire

Netting Manager can help optimize intercompany financial transactions, reducing costs and improving efficiency and cash flow management

Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay’s Cross-Border business has launched Netting Manager, a comprehensive solution that streamlines and automates the settlement process of internal invoices for corporations with global subsidiaries.

Netting Manager allows companies to operate seamlessly across the globe by simplifying the process of intercompany netting - a financial practice used by multinational corporations to consolidate transactions in various currencies. It involves offsetting mutual obligations between subsidiaries and centralizing payment flows. This not only reduces the need for multiple payments, but also simplifies the reconciliation process, resulting in both cost and time savings for businesses. Furthermore, it can help create visibility into consolidated foreign exchange exposures, making it easier and less costly to reduce foreign exchange exposure from the parent level.

“It’s simple, and that’s what is great about it. We developed Netting Manager with the intention that it would be easy to use,” said Jim Kessler, Vice President, Currency Risk Analytics at Corpay Cross-Border. “Many of the current netting solutions on the market are complex and require extensive onboarding, which results in higher costs and acts as a barrier for smaller companies with fewer resources. Netting Manager’s streamlined, user-friendly design allows multinational companies of all sizes to have the system up and running within days, compared to other existing systems that can take months to onboard.”

Netting Manager aims to make intercompany netting accessible to more companies by providing access to a low-cost, intuitive solution that is easy to integrate with many core accounting systems. Core benefits of the solution include:

  • Reduction in payment costs due to fewer payments
  • Reduction in the number of banks used, leading to a reduction in float
  • FX is centralized and aggregated, creating larger transactions with lower transaction costs
  • Simplified payment procedures that allow for structure and greater visibility into intercompany settlements across the organization

“We are extremely excited about the launch of Netting Manager and the expansion of our offering in the corporate treasury solutions space,” said Mark Frey, President, Corpay’s Cross-Border Solutions. “We are proud to help businesses of all sizes navigate the intercompany netting process and look forward to continue developing solutions in this space.”

The complete netting solution offers access to several comprehensive reports, including funding reports, participant reports, settlement reports and estimated saving reports. There is no cost to Corpay customers to use the solution or generate reports, and the solution can be leveraged in all countries that allow netting.

For information about Netting Manager and the benefits it can provide, please visit: https://www.corpay.com/cross-border/currency-risk-management/intercompany-netting

About Corpay

Corpay is a global leader in business payments, helping companies of all sizes better track, manage and pay their expenses. Corpay provides customers with a comprehensive suite of online payment solutions including Bill Payment, AP Automation, Cross-Border Payments, Currency Risk Management, and Commercial Card Programs. Corpay is part of the FLEETCOR (NYSE: FLT) portfolio of brands. To learn more visit www.corpay.com.

1“Corpay” (a Fleetcor (NYSE: FLT) brand) in this document primarily refers to the Cross-Border Division of Corpay https://www.corpay.com/cross-border; a full listing of the companies that are part of the Corpay brand is available here: https://www.corpay.com/compliance.

 

Contacts

More News

View More
Palantir Stock Eyes New Highs, Boosted by Boeing Partnership
Via MarketBeat
Topics Artificial Intelligence
Tickers BA BAC PLTR
Marvell Soars on +$6B in Buybacks—Can the Recovery Continue?
Via MarketBeat
Topics Artificial Intelligence
Tickers AMZN AVGO MRVL
Is Intuitive Surgical the Hidden Winner in Healthcare’s Weakness?
Via MarketBeat
Tickers ISRG XLV
Lithium Americas Stock Exploded Last Week—Here’s Why
Via MarketBeat
Topics Economy Electric Vehicles Government
Tickers GM INTC LAC
Why Amazon’s Latest Upgrade Might Be Its Most Important Yet
Via MarketBeat
Tickers AMZN WFC
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.