Adam Kae

MAY 30, 2023

Just as marketing automation has transformed the way we engage with our target audience, financial automation empowers us to simplify and streamline various financial tasks, including invoicing, expense tracking, and reporting. With automation, we can bid adieu to shoeboxes full of receipts and leverage innovative expense tracking software.

Marketing 52

Marketing Invoicing CFO Reconciliations 52

PYMNTS

JULY 3, 2018

Amid talk of enterprise digitization, discussions about paper invoices and checks persist. New research suggests a vast divide between businesses that have embraced technology and electronic processes in the accounts payable department and businesses that instead prefer to retain those paper invoices and checks.

Accounts Payable 41

Accounts Payable Accounting Invoicing Reconciliations 41

PYMNTS

JUNE 10, 2020

The new partnership will combine “global open banking initiatives, Samsung SDS’ Nexledger Universal platform and Credorax’s industry expertise” in order to provide automatic payment reconciliation, remittances and invoices for B2B payments. The effect will be to eliminate the need for manual tasks for those functions.

Reconciliations 53

Reconciliations Banking B2B Invoicing 53

PYMNTS

DECEMBER 2, 2020

Mark Aquilina , senior vice president of product and strategy at WEX , told PYMNTS that’s partly because digitization of accounts receivable (AR) lags behind that of accounts payable (AP) on the technological front. And lastly, invoicing workflows are marred by manual processing. Addressing The Chokepoints .

B2B 79

B2B Invoicing Accounts Payable Reconciliations 79

PYMNTS

JUNE 22, 2016

In B2B payments, accounts payable automation is a hot topic, as are the challenges AP professionals face when it comes to paying suppliers and managing the data from those transactions. Nearly half of the companies surveyed by the institution said they still use spreadsheets for AR reconciliation.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

PYMNTS

JULY 23, 2020

GEP , which works in procurement and supply chain strategy, has launched its new accounts payable (AP) solution, which will help automate AP services through cloud technology, artificial intelligence (AI) and machine learning (ML), according to a press release. “GEP’s AP Automation solution is not an upgrade of a legacy system.

Accounts Payable 56

Accounts Payable Invoicing Reconciliations B2B 56

Bramasol

SEPTEMBER 12, 2022

Throughout the evolution of SAP RAR, the product roadmap has been closely aligned with SAP S/4HANA to proactively address the widening impacts of revenue accounting requirements across the entire enterprise. Other key advantages include: Enhanced disclosure and reporting support for revenue accounting. Early termination of contracts.

SAP 83

SAP IFRS Compliance Invoicing 83

PYMNTS

NOVEMBER 12, 2020

In an interview with PYMNTS, Lisa Shields , founder and CEO of FISPAN said advanced technologies can help capture new types of data — and leverage that data to offer more relevant products and services. Shields offered an example of intentional information: invoice data. Reconciliation should be an intuitive process, she added.

Banking 88

Banking Invoicing Reconciliations Treasury 88

PYMNTS

JANUARY 19, 2021

Those pain points center around cash flow, manual processes (where employees match invoice and payment data), and the management of suppliers. With virtual payments, buyers gain from being able to increase their days payables outstanding by leveraging their credit lines on their commercial card products.

B2B 93

B2B Invoicing Reconciliations Treasury 93

PYMNTS

SEPTEMBER 16, 2020

Banking and accounting for U.K. SMEs remains a highly concentrated industry, with the majority of business current accounts (BCAs) still provided by a small group of the largest banks," said Countingup Founder and CEO Tim Fouracre in a statement. Salt Edge To Automate SMB Data Aggregation For Deskera.

Banking 56

Banking Concentration Reconciliations Invoicing 56

PYMNTS

DECEMBER 11, 2020

As for the paper checks themselves, even in the 21st century: They can account for as much as 40 percent of all medical claim payment transactions and 88 percent of all dental claim payments. Artificial intelligence (AI) is being leveraged to adjudicate the claim and issue the payment immediately, he said. “In

Healthcare 67

Healthcare Reconciliations Invoicing Numbers 67

PYMNTS

DECEMBER 4, 2020

Corporates, banks and financial institutions (FIs) have decentralized systems over time, putting up data siloes and “between [enterprise resource planning], source to pay and the final execution of the invoice payment, add[ing] layers of manual inputting for AP professionals.”.

B2B 57

B2B Invoicing Reconciliations Forecasting 57

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. Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

JULY 23, 2018

” PayStand noted that the network will focus on improving the payments lifecycle, from accounts receivable to invoice reconciliation. In the program, the company said it will look at how to leverage program mentors to support the development of the network.

B2B 40

B2B Reconciliations Invoicing Leverage 40

PYMNTS

JULY 7, 2017

Veem, the B2B payments company formerly known as Align Commerce, is partnering with QuickBooks as the accounting software company looks to integrate payment capabilities for its SME users. Align Commerce first announced its rebranding as Veem this year.

B2B 44

B2B Reconciliations Invoicing Leverage 44

PYMNTS

OCTOBER 14, 2020

That’s translated into a fundamental shift in workflows, spanning everything from procurement to invoice approvals to payments that need to be made. Accounts payable and receivable used to be concrete, separate operations. Looking at Working Capital – and Security. “A Looking Ahead .

B2B 97

B2B Accounts Payable Reconciliations Economics 97

PYMNTS

OCTOBER 10, 2017

Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded. Regional Trends.

B2B 49

B2B Reconciliations Invoicing Accounts Payable 49

PYMNTS

SEPTEMBER 23, 2019

“A firm attempting to make purchases from a new overseas supplier can trigger a fraud warning, for example, but AI solutions might compare it to a cluster of similar SMB accounts and further examine it before raising a flag,” the report noted. Beyond the Payment.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

DECEMBER 5, 2019

After all, money exits a company through more than one avenue, whether it be via the accounts payable department or a firm’s own employees. Understanding businesses’ biggest payment pain points requires a wide line of sight.

Accounts Payable 52

Accounts Payable B2B Problem Solving Nonprofit 52

PYMNTS

SEPTEMBER 12, 2019

There’s also the age-old, seemingly inevitable push and pull of managing accounts receivable and accounts payables. firms are owed in accounts receivable on any given day. The key is standardizing payments, money flows and invoicing. Buyers want to hold onto their cash and defer payment as long as possible.

B2B 45

B2B Accounts Payable Invoicing B2C 45

PYMNTS

MARCH 23, 2017

Receivable Savvy, an accounts receivable and order-to-cash management firm, wants suppliers to see Same Day ACH as an opportunity to bolster cash flow. Its 2017 Perceptions Study found that 80 percent of B2B supplies said their number one issue in accounts receivable is to receive payment faster.

B2B 54

B2B Invoicing Reconciliations Education 54

PYMNTS

JUNE 28, 2019

Serai likens itself to a professional social networking solution, and the backing by HSBC will allow Serai to leverage HSBC’s existing client base. Reports in Inc42 said the company automates settlement and reconciliation to help firms manage transactional data, and monitor the entire lifecycle of a transaction.

Valuation 43

Valuation Reconciliations B2B Startups 43

PYMNTS

NOVEMBER 20, 2019

Citi noted traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collection and reconciliation. The platform integrates cross-border billing, payment acceptance and reconciliation into a single solution. “At

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

PYMNTS

MAY 23, 2016

2015, MCX’s “anchor member,” Walmart, launched Walmart Pay , a QR code-based mobile payments app that leverages Walmart.com credentials, which include network branded credit and debit cards. Before these businesses had separate accounts to do invoicing and reporting. Durbin Vs. EMVCo.

Invoicing 43

Invoicing Concentration Reconciliations Accounting 43

PYMNTS

FEBRUARY 27, 2020

For its manifold uses, ERP is particularly valuable as an accounting solution. Adding AP automation to an ERP system “… simplifies the invoicing process to the extent that it can cut the cost of processing a single invoice to $2.74 — far less than the industry average of $15.02. Leveraging APIs. days,” the report says.

Accounts Payable 56

Accounts Payable Invoicing Reconciliations Leverage 56

PYMNTS

OCTOBER 20, 2020

In the bid to modernize B2B payments , accounts receivable (AR) and accounts payable (AP) need to work together. Bloh said that direct connectivity can enable real-time confirmation of invoice information and real-time reconciliation of payments, among other activities. Trusted Partnerships – FinTechs And Marketplaces.

B2B 104

B2B Accounts Payable Treasury Invoicing 104

PYMNTS

NOVEMBER 3, 2020

Everlink Payment Services is teaming with workflow solutions provider FINTAINIUM to offer B2B and B2C payments in real time, leveraging the ISO 20022 global standard, according to a press release. Palette Software has connected its accounts payable (AP) automation cloud technology with Aptean ERP , according to a Monday (Nov.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

PYMNTS

NOVEMBER 13, 2019

In the drive to manage accounts payable (AP) more efficiently, buyers can not only optimize their own working capital, they can help suppliers, too. That, of course, means moving beyond the paper-based invoice processes and the paper check — something that roughly 81 percent of companies still use to pay suppliers.

Accounts Payable 46

Accounts Payable Invoicing Reconciliations Accounting 46

PYMNTS

JULY 25, 2019

In addition, they can spare tenants from fines related to late rental payments by helping them more rapidly move money into their landlords’ accounts. . Faster payments proponents must also ensure that businesses and consumers can conveniently leverage such options, and APIs can be key to enabling this access.

B2C 64

B2C Invoicing Reconciliations B2B 64

PYMNTS

OCTOBER 2, 2019

Commercial payments, for example, have long relied on inefficient practices — like paper stubs that accompany paper checks, or lists of invoices paid and payments allocated to each invoice. Along with demand for faster payments , the information conveyed in them has significant value. It’s a delightful customer experience,” he said.

B2C 81

B2C B2B Accounts Payable Invoicing 81

PYMNTS

DECEMBER 20, 2018

While a stubborn reluctance among businesses to let go of manual processes in accounts payable and accounts receivable continues to hold the industry back, it doesn’t provide the whole story of why electronic B2B payments adoption still struggles to get off the ground. .”

B2B 65

B2B Accounts Payable Invoicing Reconciliations 65

PYMNTS

SEPTEMBER 12, 2018

That may include invoice financing, reverse factoring, and other forms of trade finance. Considering cash flow woes are often linked to long payment terms for corporate customers, many of these AltFin players are emerging with financing products designed to target this particular weak point in small business finance.

Finance 40

Finance Accounts Payable Invoicing Reconciliations 40

PYMNTS

OCTOBER 23, 2019

And when it comes to 24/7 real-time payments, adoption by businesses, and by consumers, will be pushed ahead use case by use case and transferring funds between accounts in minutes or seconds will gain traction. Handling paper checks, bills and coins requires manual processing and creates significant reconciliation challenges, he said.

Leverage 41

Leverage Reconciliations Banking Invoicing 41

PYMNTS

SEPTEMBER 20, 2018

Everybody wants security as they transact — and security is paramount when sensitive card or account-related data that makes its way between buyers and suppliers, as Yarbrough noted, “is jotted down on a sticky note or stuck in a drawer.” Virtual cards can be set for single use and for exact invoice amounts, thus mitigating the risk.

Accounts Payable 76

Accounts Payable Invoicing Reconciliations B2B 76

PYMNTS

SEPTEMBER 12, 2018

There is no shortage of FinTech firms that have emerged since the 2008 financial crisis aiming to facilitate access to small business capital, many of which target supplier and invoice financing specifically. As the industry grows, access to small business financial data is a critical component of risk mitigation and underwriting practices.

Finance 40

Finance Accounts Payable Invoicing Reconciliations 40