PYMNTS

APRIL 16, 2020

The COVID-19 pandemic is putting accounts payable (AP) department practices to the test. They are sending emails from hacked accounts to AP personnel in which the bad actors pretend to be vendors or executives and request recipients send payments into bank accounts that are actually controlled by the criminals.

Securities 52

Securities Accounts Payable Healthcare Invoicing 52

PYMNTS

DECEMBER 15, 2017

Complex on so many levels, especially when it comes to payments and, more specifically, invoicing, where demands for payment are tracked through paper and electronic means. Flywire’s background in the healthcare and education space, along with its existing invoicing system, helped assist these businesses in new ways.

Invoicing 48

Invoicing Reconciliations Currencies Foreign Exchange 48

PYMNTS

AUGUST 19, 2019

The data was based on expense report, contract and invoice audit data from billions of transactions across hundreds of enterprise customers from April 1, 2019, through June 30, 2019, AppZen said. Moreover, in terms of the larger picture, more than 96 percent of enterprise spend beyond that of payroll is related to accounts payable; 3.7

Auditing 56

Auditing Accounts Payable Invoicing Healthcare 56

PYMNTS

AUGUST 21, 2019

The drive to eliminate paper in the accounts payable process, to cut the steps that lead to inefficiencies, continues to get a boost from technology. As he told PYMNTS, those steps include manual sorting of invoices, sales orders and supporting documents – and, more importantly, the manual entry of data from these documents.

Accounts Payable 46

Accounts Payable Invoicing Financial Systems Compliance 46

PYMNTS

OCTOBER 16, 2020

Drill down a bit, and average DSO have been notably on the rise in verticals such as construction (up 10 days to an average 53 days) and healthcare (up seven days to 49 days). I have to key a hundred invoices into a portal.’ But through the past several months, the churn has increased. Oh my goodness.

B2B 64

B2B Accounts Payable Invoicing Accounting 64

PYMNTS

JULY 2, 2020

Often at the center of this initiative is the accounts payable (AP) department — and unsurprisingly for these volatile times, the strategy can turn toward lengthening the days payable outstanding (DPO). ” The healthcare industry is one area where these conversations are happening more frequently. .

Economics 104

Economics Accounts Payable B2B Reconciliations 104

PYMNTS

NOVEMBER 4, 2019

Invoice and purchase order manipulation, company credit card abuse and fraudulent use of company checks all surface as cautionary tales for corporates’ internal financial processes. This week, three new cases of accused internal fraud emerged, showcasing the variety of ways employees can steal company cash.

Accounts Payable 40

Accounts Payable Invoicing Healthcare Treasury 40

PYMNTS

DECEMBER 12, 2019

That’s surprising for several reasons, and here’s a good one: nearly 70 percent of accounts payable (AP) professionals say suppliers value payments speed above all. Contrast that with the fact that well over 40 percent of B2B invoices are still paid by paper check.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

AUGUST 14, 2019

Among those verticals doing such deep dives: financial services, healthcare and insurance. Much of the inefficiency can be solved through adopting a software suite that spans a continuum of accounts payable (AP) functions, said Nadaud. At least some companies — at about 30.7

Accounts Payable 66

Accounts Payable Healthcare Invoicing Communication 66

PYMNTS

APRIL 9, 2020

Vendors are similarly showing demand for card acceptance functionality to support collections in anticipation of a slowdown in their invoice-to-cash cycles. Card adoption today isn’t solely driven by the buy-side, either, he added. Everybody’s really concerned about cash,” said Leavitt.

B2B 93

B2B Accounts Payable Healthcare Transportation 93

PYMNTS

OCTOBER 17, 2017

17), Visa said it is tackling that issue through a new partnership with accounts receivable (AR) and cash management company Billtrust. When it comes to growth of virtual corporate card payments, we have seen and built a lot of momentum on the accounts payable side,” Hall said. “We In an announcement on Tuesday (Oct.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

SEPTEMBER 27, 2019

s Nationwide Building Society did not disclose how much it invested in BankiFi , but it did say that it’s support to the open banking FinTech comes as Nationwide plans to launch a business current account. Offering corporate users, CFOs, accountants and other finance professionals on demand, Paro, based in the U.S., Reports in L.A.

B2B 59

B2B Accounts Payable Startups Advertising 59

PYMNTS

JUNE 15, 2017

These solutions span the gamut of B2B payments ’ needs — virtual cards, accounts payable automation and data analytics, to name but a few. There’s also no disputing that the pace of innovation on the commercial side of payments has been largely quite the opposite.

B2B 64

B2B Accounts Payable Concentration Healthcare 64

PYMNTS

OCTOBER 22, 2019

Accounts payable technology company AvidXchange is targeting the healthcare industry with payments and invoicing offerings. AvidXchange is broadening access of its AvidPay and AvidInvoice tools to the long-term healthcare and social services markets, the company said in a press release on Monday (Oct.

Healthcare 40

Healthcare Accounts Payable Invoicing Auditing 40

PYMNTS

JULY 3, 2019

Cash flow is a fickle beast for any organization, but in the healthcare sector, bottlenecks and friction points are aplenty thanks to issues like late patient payments, insurance payouts and negotiations, and refunds. Unfortunately, accounts payable automation in the healthcare sector is far from ubiquitous.

Accounts Payable 46

Accounts Payable Healthcare Invoicing Compliance 46

PYMNTS

DECEMBER 23, 2020

Healthcare providers face uniquely complex payment flows. Firms in other sectors often provide goods and services to clients, then submit invoices and receive payments, but health clinics and hospitals go through less-straightforward approaches to obtaining compensation. A Digital Cur e For Healthcare’s AR, AP Ailments.

Healthcare 80

Healthcare Accounts Payable B2B Accounting 80

PYMNTS

JANUARY 17, 2020

Accounts payable (AP) and payment automation solution company AvidXchange has raised $260 million in equity capital in a financing round, according to a press release. businesses still pay bills with paper checks, accounting for more than $2.7 More than 60 percent of U.S.

Finance 52

Finance Accounts Payable Healthcare Invoicing 52

PYMNTS

FEBRUARY 15, 2018

Meanwhile, from eCommerce to financial services, to healthcare and education, new payment solutions are introducing a series of disruptions to the cross-border payment space. The solution is intended to help SMBs by offering a multi-currency account and a single international bank account number for global payments.

Accounts Payable 43

Accounts Payable B2B Currencies Healthcare 43

PYMNTS

FEBRUARY 1, 2021

Plus, OnPay strikes accounts payable partnership and an OECD digital tax deal looms. Business payments firm FLEETCOR Technologies has acquired accounts payable (AP) platform provider Roger, Fleetcor announced in a press release. FLEETCOR Buys AP Platform Provider Roger. Terms of the transaction were not disclosed.

B2B 52

B2B Accounts Payable Banking Healthcare 52