Future CFO

NOVEMBER 27, 2024

In a guidebook , Esker says after years of continuous change, adapting a more human-centric accounts payable approach is now a prerequisite for keeping a business competitive. According to software company Esker , AI-driven automation does the mundane “heavy lifting” so the team is free to perform more strategic tasks.

Accounting 105

Accounting Finance Problem Solving Accounts Payable 105

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

DECEMBER 23, 2020

Healthcare providers face uniquely complex payment flows. Healthcare providers can then either dispute insurance firms’ decisions and seek additional funds or ask patients to pay remaining amounts. A Digital Cur e For Healthcare’s AR, AP Ailments. Around The B2B Payments Landscape. Get the full scoop in the Tracker.

Healthcare 80

Healthcare Accounts Payable B2B Accounting 80

PYMNTS

AUGUST 15, 2019

Medpricer, a technology company that targets the medical and healthcare services with cost management solutions, is rolling out a spend analytics tool. 14), Medpricer announced the launch of mSource Insights, a spend analytics solution designed to provide deeper insight into healthcare organizations’ spend on purchased services.

Healthcare 40

Healthcare Accounts Payable Cost Management Accounting 40

PYMNTS

AUGUST 11, 2020

From a lack of supplier acceptance of electronic payments to outdated infrastructure within accounts payable (AP) departments, the B2B payments ecosystem still has much room for improvement on multiple fronts. “You can’t just take an accounts payable view of things,” said Phalen. Driving Scale.

B2B 110

B2B Accounts Payable Reconciliations Healthcare 110

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

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

AUGUST 17, 2020

The cybersecurity company discovered hackers collected more than 800 sets of credentials from targeted companies and their business executives in an attempt to steal corporate funds by creating false invoices, sending them to lower-level employees, and directing accounts payable departments to pay those invoices into fraudsters’ accounts.

Invoicing 94

Invoicing Accounts Payable Pharmaceutical Healthcare 94

PYMNTS

AUGUST 10, 2020

Investigators examining alleged wrongdoing at once high-flying UAE healthcare provider NMC Health are exploring whether the company falsified drug orders to inflate the books of a related company through which NMC raised debt, the Financial Times reported on Monday (Aug. According to Reuters , NMC operates more than 200 facilities in the UAE.

Healthcare 57

Healthcare Pharmaceutical Accounts Payable Sales 57

PYMNTS

APRIL 16, 2020

The COVID-19 pandemic is putting accounts payable (AP) department practices to the test. Healthcare companies must especially be vigilant about their AP defenses even as the pandemic puts pressure on them to act quickly. Bad actors are increasingly trying to exploit confusions as companies transition to remote operations.

Securities 52

Securities Accounts Payable Healthcare Invoicing 52

PYMNTS

JUNE 25, 2019

Bank has teamed up with accounts payable automation firm Inworks to streamline business-to-business payments within the healthcare sector. In a press release on Monday (June 24), the firms said their tie-up will connect hospitals and other companies in the healthcare services space with B2B payments and other financial services.

Accounts Payable 40

Accounts Payable Healthcare Banking B2B 40

PYMNTS

NOVEMBER 3, 2020

3) that it has completed its multimillion-dollar acquisition of CPS Payment Services , a B2B payments and accounts payable (AP) automation technology provider. Repay Holdings said on Tuesday (Nov.

Accounts Payable 56

Accounts Payable Reconciliations B2B Concentration 56

PYMNTS

OCTOBER 20, 2020

Accounts payable and payments automation solution MineralTree has added automated PO and invoice matching for cloud-based accounting and financial management platform Sage Intacct , a press release says.

Invoicing 52

Invoicing Accounts Payable Reconciliations Healthcare 52

PYMNTS

APRIL 19, 2019

Aimed at consolidating spend across accounts payable, employee expenses and other processes, Airbase offers companies a way to manage and control the money that flows out of a business. It also focuses on employee empowerment and well-being through a range of tools, including savings, healthcare, sick leave and faster payment services.

B2B 69

B2B Investments Accounts Payable Benchmarking 69

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. The company has raised over $800 million in its two-decade history, with contributions from investors like TPG Sixth Street Partners and others.

Finance 52

Finance Accounts Payable Healthcare Invoicing 52

PYMNTS

DECEMBER 24, 2020

The Council for Affordable Quality Healthcare (CAQH) reported that just 13 percent of dental plans paid providers’ claims using electronic methods in 2019, whereas 70 percent of medical plans reportedly did the same. “The Payouts And AR. The dental industry has lagged behind most of the medical sector when it comes to modernizing.

B2B 102

B2B Healthcare Practice Management Planning 102

PYMNTS

AUGUST 19, 2019

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 percent of the remainder is T&E related. AI, according to the findings, can flag 8.7 percent of expenses as high risk, tied to duplicative spending or as being unauthorized.

Auditing 56

Auditing Accounts Payable Invoicing Healthcare 56

PYMNTS

APRIL 9, 2020

Other markets, like healthcare procurement and telecommunications firms, are experiencing a boom as corporate customers like hospitals and organizations that have shifted to remote operations accelerate their spend, which has driven the search for B2B payment solutions that can elevate buying power.

B2B 93

B2B Accounts Payable Healthcare Transportation 93

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

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). The discussion came amid the backdrop where days sales outstanding (DSO), according to PYMNTS, have increased across the board — overall, by about 7 percent.

B2B 64

B2B Accounts Payable Invoicing Accounting 64

Global Finance

OCTOBER 31, 2024

These were given to SMEs working in multiple sectors: tourism, construction, commerce, education, healthcare, social services, industry, agriculture, and livestock, among others. In its 2024 iteration, the Banreservas loan-fair program disbursed 5,800 loans, totaling about $238.5 The bank offers a host of payroll and HR solutions.

Banking 52

Banking Finance Construction Foreign Exchange 52

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. Deployments are occurring across verticals including financial, healthcare, education, retail and others, Flynn noted. “We

Accounts Payable 46

Accounts Payable Invoicing Financial Systems Compliance 46

PYMNTS

DECEMBER 29, 2020

The healthcare sector has been put under a global microscope due to the pandemic, but many businesses in the industry are facing revenue losses despite high demand for COVID-19 care and increased telehealth use. The overall medical space is predicted to see its 2020 revenue come in 10 percent below last year’s. Information-Flow Frictions.

Healthcare 52

Healthcare B2B Planning Budgeting 52

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

NOVEMBER 8, 2019

Bottomline Technologies reported fiscal first-quarter results that showed continued traction in areas of digital banking and accounts payable (AP) technologies. Paymode-X was adopted by a leading eCommerce company as well as several hospitals and healthcare providers, according to the CEO. percent to $108.1

Banking 43

Banking Accounts Payable Healthcare Treasury 43

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. APIs are also very useful for bank customers in defined verticals like real estate and healthcare, that perform specialized transactions frequently.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

FEBRUARY 7, 2019

The healthcare and construction industries are among the strong points of FLEETCOR’s corporate payment operations, particularly with 2018 being the first full year with Cambridge Global Payments under the FLEETCOR belt after closing the acquisition in 2017 — a business that showed a “rocking” performance in 2018, said Clarke.

Mergers and Acquisitions (M&A) 46

Mergers and Acquisitions (M&A) Foreign Exchange Accounts Payable Construction 46

PYMNTS

OCTOBER 11, 2019

Accounts payable (AP) departments all too often have inefficient processes that decelerate workflows and delay supplier payments. Healthcare Looks To 5G For Cost Control. While various deployments might take years to play out, 5G promises to have an impact in different, if not most, areas of healthcare.

Accounts Payable 46

Accounts Payable Healthcare B2C Banking 46

PYMNTS

NOVEMBER 4, 2019

The average payout sum for the third quarter of 2019 is an increase compared to the same period last year, with the professional services, public sector, healthcare, software services and retail industries most commonly targeted by such fraud schemes, according to Bank Info Security reports. 777 million was stolen from U.K.

Accounts Payable 40

Accounts Payable Invoicing Healthcare B2B 40

PYMNTS

AUGUST 3, 2016

The event, sponsored by American Express, focused on the ways health care organizations can manage the exit of paper, manual-based accounts payable processes and progress into digital B2B payments. The latest soapbox to do so was Becker’s Hospital Review ‘s 7th Annual Meeting held last month.

Accounts Payable 40

Accounts Payable B2B CFO Education 40

PYMNTS

SEPTEMBER 27, 2019

Zeev Ventures led the $76 million fundraise for accounts payable automation company Tipalti , while Group 11 and new investors Greenspring Associates, TrueBridge Capital Partners, and 01 Advisors also participated. According to Tipalti CEO and co-founder Chen Amit, “manual accounts payable processes are no longer an option.”.

B2B 59

B2B Accounts Payable Startups Advertising 59

PYMNTS

NOVEMBER 3, 2020

Citing a June survey by Citizens Financial Group, the publication noted more than 50 percent of businesses are interested in real-time transactions to better manage cash flow, while more than 40 percent said they would use it for accounts payable (AP) or payroll. According to the latest stats, the ACH Network saw 6.8

B2B 56

B2B Foreign Exchange Currencies Accounts Payable 56

Future CFO

JUNE 13, 2022

I was fortunate to get a flavour of the accounts payables, costing and budgeting functions. In public healthcare, the challenges are many. Professionally trained healthcare workers form the backbone for any healthcare system. The same holds true in healthcare.

Healthcare 52

Healthcare CFO Leadership Finance 52

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. The internal processes set up to enable these digital payments methods on the corporate side can also be lacking. “In

B2B 64

B2B Accounts Payable Concentration Healthcare 64

PYMNTS

OCTOBER 31, 2019

healthcare contribution was up 73 percent. The travel segment saw growth underpinned by accounts payable product sales. Within healthcare, she said, in the latest quarter there was 18 percent growth in SaaS accounts. The health and employee benefits segment purchase volumes gained a bit more than 6 percent to $1.1

Healthcare 40

Healthcare Accounts Payable Transportation Forecasting 40

PYMNTS

OCTOBER 31, 2019

healthcare contribution was up 73 percent. The travel segment saw growth underpinned by accounts payable product sales. Within healthcare, she said, in the latest quarter there was 18 percent growth in SaaS accounts. The health and employee benefits segment purchase volumes gained a bit more than 6 percent to $1.1

Healthcare 40

Healthcare Accounts Payable Transportation Forecasting 40

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. A culinary luxury is facing increased demand in new, farther-flung markets, creating the need for efficiency and flexibility in cross-border receivables infrastructure.

Accounts Payable 43

Accounts Payable B2B Currencies eCommerce 43