PYMNTS

NOVEMBER 2, 2020

Palette Software has connected its accounts payable (AP) automation cloud technology with Aptean ERP , according to a Monday (Nov. The intuitive dashboard of Palette offers a full summary of vendor invoices as well as their status in the approval workflow in addition to outstanding payables. 2) announcement.

Accounts Payable 56

Accounts Payable B2B Construction Invoicing 56

PYMNTS

JULY 30, 2020

In an effort to help companies reduce their accounts payable (AP) expenses, Zycus has rolled out artificial intelligence (AI)-powered bots for the last part of the procurement process, according to an announcement. Those who work in finance or accounting roles can use the RegalPay technology directly from their workstations.

Accounts Payable 60

Accounts Payable SAP Invoicing Construction 60

PYMNTS

SEPTEMBER 24, 2020

Accounts payable (AP) teams are now taking a fresh look at the potential of tools such as virtual cards to ease their transaction frictions. The digital methods suit remote purchasing environments and offer security features that can make it difficult for fraudsters to use stolen card details. Find the full story in the Report.

Construction 107

Construction Accounts Payable B2B Pharmaceutical 107

PYMNTS

DECEMBER 11, 2019

Yet, as innovators have chip away at friction points, they have recognized the value of incorporating a supplier’s accounts receivable (AR) experience into their solutions. That’s because AR and accounts payable (AP) processes are intrinsically connected. “The person receiving it is just happy to get paid.”

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

OCTOBER 5, 2020

“The shift I have seen there,” she told PYMNTS of healthcare firms, “that was most effective is providers [the vendors] had their way of going through the process either from an [accounts payable] or [accounts receivable] perspective.”. Comdata, she said, has mimicked the flow from claims to invoice to payment to reconciliation.

Healthcare 130

Healthcare B2B Reconciliations Accounts Payable 130

PYMNTS

SEPTEMBER 18, 2019

construction market is on a roll, and recent data suggests it is unlikely to slow. Construction firms looking to succeed in this growing market and turn a profit must complete their projects on time, which means access to steady cash flows is crucial. It’s for a particular vendor for a particular invoice,” Phoenix said.

Construction 46

Construction Invoicing Accounts Payable Accounting 46

PYMNTS

FEBRUARY 24, 2020

“While the tax-themed email attacks hit businesses in all sectors, we also saw financial firms and construction industries targeted disproportionately,” wrote Sherrod DeGrippo, who published the research on ProofPoint’s website last week. The construction industry targeting, in particular, is a reminder that no one sector is immune.”.

Construction 65

Construction B2B Accounts Payable Invoicing 65

PYMNTS

JULY 17, 2019

National Football League franchise the Oakland Raiders has been named in a lawsuit amid allegations of non-payment for construction on the team’s new stadium in Las Vegas. ” The case accuses Merrill of breach of contract by failing to make timely payments on its invoices. million for its work. .”

Construction 41

Construction Accounts Payable Invoicing Accounting 41

PYMNTS

NOVEMBER 9, 2020

Reports in The Construction Index revealed that Travis Perkins notified its suppliers it would be extending payment terms, citing work-from-home requirements of its accounts payable staff related to COVID-19. billion) in unpaid invoices is due to U.K. billion (about $30.8

B2B 70

B2B Accounts Payable Restructuring Invoicing 70

PYMNTS

SEPTEMBER 25, 2020

We have deep dives on the financial health of Main Street small and medium-sized businesses (SMBs), digital accounts payable (AP), and GoodRx ’s initial public offering (IPO). . Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc. 23) after the firm had an IPO at $33 per share.

Accounts Payable 61

Accounts Payable Treasury Construction Accounting 61

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

CFO Share

SEPTEMBER 27, 2022

Companies with large, complex accounting can support teams of 5+ accountants under a finance manager at significant expense savings vs. outsourced services. Customer invoicing – in-house. Customer invoicing is generally best performed by in-house staff familiar with contract terms, sales processes, and client relationships.

Accounting 40

Accounting Accounts Payable Invoicing Manufacturing 40

PYMNTS

OCTOBER 17, 2016

And any number of firms are looking to aid finance professionals in reducing paper inflows and outflows — a bottleneck where accounts payable is concerned. For Nexus, the main focus is on managing everything from tracking onsite purchases to compliance, and key verticals include real estate and construction, said Coolidge.

Accounts Payable 53

Accounts Payable Invoicing Compliance Construction 53

PYMNTS

FEBRUARY 3, 2017

AP automation firm AvidXchange is tackling some of the construction industry’s biggest supplier payments challenges, but it isn’t doing it alone. 2) that it is teaming up with GCPay, an online platform for construction companies to automate their subcontract management needs. The company said Thursday (Feb.

Construction 40

Construction B2B Invoicing Technology 40

PYMNTS

OCTOBER 1, 2020

At a high level, said Disque, the embrace of automated accounts payable (AP) processes has been consistent across verticals. CSI, he noted, has insight into a number of industries, where the payment processing platform (focused on integrated payables) aggregates and accepts payments on behalf of a wide range of businesses.

Accounts Payable 77

Accounts Payable Cash Management Construction Invoicing 77

PYMNTS

OCTOBER 17, 2017

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 Today, together with Billtrust, we are one step closer to removing adoption barriers for suppliers and their accounts receivable departments.”.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

PYMNTS

DECEMBER 16, 2016

Here the elusive payments opportunity meets or, in fact, doesn’t meet, the elusive audience: accounts payable automation for middle-market firms. A million-dollar construction firm, he said, is not the same as a million-dollar doctor’s office. Maybe not a hard concept, but not so easy.

Marketing 61

Marketing Accounts Payable Accounting Construction 61

PYMNTS

NOVEMBER 15, 2017

The latest research in B2B payment practices within the construction sector isn’t good: Two-thirds of small- and medium-sized businesses (SMBs) surveyed by the U.K. Federation of Master Builders (FMB) said they aren’t paid within the typical 30-day invoice payment period, and it’s complicating cash flow management for industry players.

Construction 43

Construction Accounts Payable Invoicing B2B 43

The Charity CFO

APRIL 5, 2022

Accrual accounts exist to track your accrual transactions and their balances, according to the type of transaction. Common accrual accounts include: . Accounts receivable. Accounts payable. Notes payable. What is the Cash Accounting Method? Which accounting method is more effective?

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

PYMNTS

MAY 29, 2020

Late payments to contractors in the construction industry is a particularly prominent focus for advocates of timely contractor payments. That supervisor then produces an invoice for the time worked by a contractor, with the AP department then making the payment. Contractor Compensation.

Accounts Payable 57

Accounts Payable Compliance Construction B2B 57

PYMNTS

JUNE 9, 2017

In corporate accounting, accounts payable and B2B payments, traditional FIs are slowing down innovation that could one day bring these areas up to speed with corporate payments, the executive explained. But electronic and automated payments are just one side of the overall friction in accounts payable, Dahl said.

Accounting 43

Accounting Technology Accounts Payable Invoicing 43

PYMNTS

JULY 17, 2019

The Forum’s first paper , “Market Practices in Supply Chain Finance: Receivables Discounting Technique,” offers guidance on invoice discounting in which a vendor sells outstanding invoices to a finance provider at a discount. construction giant Carillion brought this issue to light. The 2018 collapse of U.K.

Finance 46

Finance Invoicing Accounts Payable Construction 46

PYMNTS

MAY 16, 2018

The FinTech automates invoice management and payment processes for several HOA management companies today, and its recent partnership with Bradenton, Florida-based Premier Community Bank will build on that, Praeger said. Of course, HOA is just one of many, many nuanced verticals that stand to benefit from AP automation.

Accounts Payable 40

Accounts Payable Invoicing Construction Accounting 40

PYMNTS

JANUARY 27, 2017

that most demonstrates the problem of late payments, it’s the construction sector. Late B2B payments in this space have been so troublesome, in fact, that legislators introduced the Construction Act several years ago to address the issue. If there’s one industry in the U.K.

B2B 44

B2B Construction Reconciliations Valuation 44

CFO Talks

DECEMBER 26, 2021

The product mainly goes into, as you mentioned earlier, automotive, construction and medical industries. So a lot of invoices, accounts payable, accounts receivable, cash flow management, treasury working with procurements, so really the back office function at Anheuser-Busch, really pushing, making sure that everything works efficiently.

Manufacturing 75

Manufacturing CFO Budgeting IFRS 75

PYMNTS

OCTOBER 7, 2020

Taking a step back to address what’s happened so far, Bar noted that Melio bills itself as an “accounts payable experience” that is designed for small businesses based in the United States. The company enables smaller firms in verticals such as restaurants and construction to pay their suppliers on an ongoing basis.

Accounts Payable 90

Accounts Payable B2B Reconciliations Construction 90