PYMNTS

NOVEMBER 15, 2018

One of the biggest hurdles in B2B FinTech adoption and digital transformation is convincing the higher-ups that such investments are necessary. Ninety-three percent of accounts payable professionals surveyed said faults exist in their AP processes.

Accounts Payable

PYMNTS

NOVEMBER 25, 2020

Companies long-used to sending and receiving paper invoices and checks are finding that digital methods can deliver funds and billing information at a far faster clip. This could mean adopting new accounts payable (AP), accounts receivable (AR) and other treasury strategies and technologies, for example.

Invoicing

PYMNTS

MAY 13, 2020

Accounts payable (AP) tools that provide quick, detailed oversights of businesses’ financial statuses and payments obligations can help pick up the pace of payments by keeping invoice approval processes on track. Three-Way Invoice Matching Brews Up Better AP Processes. Around The AP Automation World.

Invoicing

PYMNTS

MAY 2, 2019

Innovation for accounts payable is often an afterthought, but automated solutions can efficiently onboard customers, cut back on errors and eliminate paper-based invoicing systems. In technology, Visa has been investing in artificial intelligence (AI) as well as data, and Apple beat analysts’ estimates for the second quarter.

Accounts Payable

PYMNTS

MAY 4, 2020

Office closures and remote working mandates have created an uncomfortable wakeup call for accounts payable (AP) and accounts receivable (AR) departments that continue to rely on manual, paper-based processes. In both AR and AP departments, invoices change many hands and departments as they move through the approvals process.

Invoicing

PYMNTS

FEBRUARY 26, 2020

That means emerging services are multitasking, easing friction for both accounts payable and accounts receivable. Below, PYMNTS explores the latest initiatives and finds that innovators are looking at the accounts receivable side to tackle accounts payable friction. Tipalti Reallocates The Workload.

Accounting

PYMNTS

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. The report found that the key benefits enticing adopters to the cloud include faster returns on investment, quicker implementation processes and more affordable entry costs.

Accounts Payable

PYMNTS

DECEMBER 22, 2020

This week's look at the convergence of accounts payable and accounts receivable finds tools like commercial cards, trade credit, artificial intelligence and robotics process automation easing friction on both ends of a B2B transactions. said they are focusing their automation investments on AR and AP.

Accounts Payable

PYMNTS

FEBRUARY 27, 2020

Invoice fraud scams continue to target businesses of all sizes and industries, with experts warning of a major spike in various iterations of business email compromise scams. Reports in People this week said Corcoran lost nearly $400,000 to an invoice scam and confirmed that she will not be able to recover the funds. “I

Invoicing

PYMNTS

APRIL 17, 2020

With only four investment rounds, B2B FinTechs were able to secure more than $181 million in fresh funding — an impressive sum amid turbulent times. In a press release, Everee noted Origin Ventures and Signal Peak Ventures co-led the investment round, which will go towards product development and investments in sales and marketing.

B2B

PYMNTS

OCTOBER 1, 2019

Commercial payments firm Bottomline Technologies is rolling out advancements to its invoice automation platform that uses artificial intelligence (AI), the company announced in a press release on Tuesday (Oct. Bottomline is also updating the Paymode-X AP Automation solution to work more seamlessly with users’ back-office systems. .

Invoicing

PYMNTS

FEBRUARY 6, 2018

Most companies today have at least some kind of automation in place within the accounts payable (AP) department. Even when invoices flow in as paper documents, organizations are using electronic solutions or optical character recognition (OCR) tools to process those bills for payment. Technology for Technology’s Sake.

Accounts Payable

PYMNTS

AUGUST 8, 2018

When it comes to accounts payable, there is no shortage of FinTechs that have taken either one of these approaches in an effort to address the many pain points of the procure-to-pay cycle. From this angle, Stampli has designed an invoice processing solution to facilitate communication between key players in the transaction.

Invoicing

PYMNTS

APRIL 24, 2020

funding to startups,” said Crunchbase data expert Gene Teare in an interview with the publication, which also pointed to Stripe’s recent $600 million investment as an example of the resiliency of the FinTech startup ecosystem. B2B FinTech investments appear to be relatively strong, too. million in new funding. AvidXchange.

B2B

PYMNTS

MARCH 5, 2020

The BOTs will allow procurement and accounts payable (AP) teams to automate tasks considered mundane or repetitive. One of the tasks that will be able to be automated is invoice intake, in which key data will be automatically extracted. Zycus CEO Aatish Dedhia said AI capabilities are central to Zycus’ product roadmap.

Accounts Payable

PYMNTS

JUNE 1, 2016

Accounts payable departments can often buy their corporation a few more days without paying suppliers thanks to the age-old excuse: “The check’s in the mail.” “If the accounts payable process sounds ancient and arcane, add in the headaches of answering anxious vendor calls (‘the check’s in the mail!’),

Accounts Payable

PYMNTS

JUNE 23, 2020

Large companies may receive thousands of monthly invoices that must be processed quickly and economically, and firms of all sizes need to track payment obligations and issue funds. The accounts payable (AP) automation market is expected to grow from $1.6 The accounts payable (AP) automation market is expected to grow from $1.6

Accounts Payable

PYMNTS

FEBRUARY 26, 2020

Many are turning to enterprise resource planning (ERP) tools with accounts payable (AP) automation to harness both solutions’ abilities and level up their businesses’ values. The time it takes to process an invoice also drops from 10.3 Upgrading ERP Simultaneously With AP Automation.

Invoicing

PYMNTS

NOVEMBER 25, 2019

Shifting away from paper-based accounts payable (AP) practices could be a game-changer for many organizations. Many AP professionals who are holding out on investing in automation are unsure of what kind of return on investment (ROI) these services can offer. percent still use paper checks to pay invoices.

Accounts Payable

PYMNTS

APRIL 3, 2019

Business payments company Bill.com has secured unicorn status and launched a partnership with Mastercard to accelerate accounts payable for joint business customers. The firms said businesses will be able to cut in half the time it takes to manage accounts payable.

Accounts Payable

PYMNTS

OCTOBER 29, 2018

Accounts payable (AP) automation certainly has the potential to transform the invoice-to-pay process by allowing employees to turn their attention from monotonous, manual tasks to more value-added ones. “Old suppliers are constantly dropping off, and new suppliers are continually being added.

B2B

PYMNTS

JULY 13, 2020

As it looks to develop its hyperautomation technology, robotic process automation (RPA) company UiPath has notched $225 million in an Alkeon Capital Management-led Series E investment round at a $10.2 UiPath said it would harness the funding to expand upon its research and development (R&D) investment.

Accounts Payable

PYMNTS

NOVEMBER 16, 2018

By its very nature, accounts payable (AP) is a cost center: It’s where money leaves the enterprise, after all. At the highest levels, accounts payable has the opportunity to even add money to businesses, too. “It’s about having a strong business case internally.”

Accounts Payable

PYMNTS

SEPTEMBER 19, 2019

Processing invoices is time consuming and costly. weeks and approval from two to five people in order to process a single invoice. It may even take more of each when invoice payments are particularly large or nonrecurring. In practice, companies start to process invoices faster somewhere around the 20,000 per-month mark.

Invoicing

PYMNTS

NOVEMBER 11, 2020

The Playbook also calls out “three-way invoice matching — in which staff must compare invoices to purchase orders and goods received notes,” and the frustrations that brings, but automation can reduce these stresses by matching these invoices automatically. Platforms Streamlining Mass Payables.

Invoicing

PYMNTS

NOVEMBER 3, 2020

Firms can bolster risk management, loan and debt underwriting, portfolio optimization, supply chain risk management and investment idea generation, the release stated. Palette Software has connected its accounts payable (AP) automation cloud technology with Aptean ERP , according to a Monday (Nov. 2) announcement.

Credit Risk

PYMNTS

JUNE 20, 2019

In accounts payable and accounts receivable, rising fraud mitigation efforts may also lead to more false positives, leading to declined commercial card transactions, misplaced suspicion between buyers and suppliers, delays in invoice processing and more. The False Positive Threat.

B2B

The Finance Weekly

NOVEMBER 8, 2022

Wave is an accounting software that provides many of the same services as other accounting tools. Although it’s meant for small businesses and doesn’t provide as many integrations as QuickBooks, Wave takes care of all of your accounting services and provides invoicing and payroll as well. 5) Accounts Payable.

Financial Planning and Analysis (FP&A)

PYMNTS

SEPTEMBER 24, 2020

the Massachusetts-based accounts payable (AP) automation software provider, announced a $50 million Series D investment round and the purchase of two companies Thursday (Sept. It processes more than 15 million invoices, representing $100 billion in AP spending annually in its software platform. MineralTree Inc.,

Accounts Payable

PYMNTS

NOVEMBER 10, 2020

Businesses of all sizes struggle with capital management, regardless of whether they employ staff or seek out third parties to handle their cash flows, accounts payable (AP) and accounts receivable (AR) processes and other related tasks. This affects companies’ creditworthiness, which is crucial to helping them secure loans.

Invoicing

PYMNTS

APRIL 29, 2020

Checks and paper invoices have long been integrated into supply chains from start to finish — and for well-established reasons, he said. “I Many companies see no need to invest in building new B2B payment infrastructures if suppliers are happy with checks. Every single delivery, someone checks it off against the invoice.

Invoicing

PYMNTS

OCTOBER 14, 2020

Community banks and regional banks will be able to immediately offer a platform under their own brands, enabling their business clients to automate their accounts payable (AP) through the RegalPay One application without making a large technology investment, according to the announcement. In September, MineralTree Inc.

B2B

PYMNTS

DECEMBER 20, 2020

Snap Accounts Payable (SnapAP) has completed the first stage of a new funding round with help from a group of Israel-based angel investors, a press release says. The intent of the round is to help SnapAP on the first stage of its planned $2 million seed stage round.

Accounts Payable

PYMNTS

JANUARY 25, 2021

The four companies coming together is the result of a years-long effort to combine “organic business growth with targeted acquisitions to expand globally, reach new industries and become the first end-to-end provider of procurement, accounts payable, and accounts receivable solutions,” according to the release.

Accounts Payable

PYMNTS

JANUARY 5, 2017

Ricoh Canada revealed this week the launch of its eInvoice Presentment & Payment Service, a solution to help businesses provide electronic invoices to clients and accept payment. Electronic invoicing is considered key to improving B2B payments and processes.

Invoicing

PYMNTS

JANUARY 30, 2019

Moreover, among all the ways businesses’ can improve their B2B payments, accounts payable (AP) automation stands out as one of the most promising and popular innovations on the market. Will they be able to capitalize on it by investing in accounts payable automation going forward?

Accounts Payable

PYMNTS

NOVEMBER 18, 2016

Nexus Systems is partnering with a real estate technology company to help the industry adapt to more sophisticated accounts payable and procurement processes. To be dubbed MRI AP Automation, the new solution can automate and digitize the accounts payable process for MRI clients across Canada, South America, EMEA, Asia and New Zealand.

Accounts Payable