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Accounts Payable Automation And Innovation Friction

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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. million: Amount that apart-hotel startup Locale recently raised in a funding round. . All this, Today in Data. .

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Oracle Adds Invoice Finance Firm Previse To Startup Ecosystem

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Enterprise technology conglomerate Oracle is giving a B2B FinTech a boost of support through its startup mentorship program. The company’s platform provides a network that enables banks to authorize a transaction so suppliers can be paid when an invoice is sent, while buyers can wait to repay the bank until invoices have been processed.

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UK’s Peasy Offers Rewards For Faster Invoice Payments

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based startup, wants to help businesses get invoices paid faster, according to a press release. The idea behind Peasy is to link a company with automated accounting software and offer cash incentives for paying earlier. The pandemic has drastically worsened the state of late invoice payments. Peasy , a new U.K.-based

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Shark Tank Star Out $400K In Invoice Fraud Scam

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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

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New Shine Feature Lets Customers Insure Invoices

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Challenger bank Shine , a French startup, has introduced a new program to insure invoices to help make sure they are paid, according to a TechCrunch report. With Shine’s new service, after an invoice goes unpaid for a certain amount of time, the bank contacts the other company to remind them to pay.

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India AP Automation Startup Finly Secures Funding

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India-based accounts payable automation company Finly has announced new funding as it plans to expand its B2B product offering, reports in YourStory said Monday (Dec. B2B FinTech is growing in popularity for India’s robust startup community, while the market is also an attractive target for more established players in the industry.

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Accounting Startup Tipalti Raises $76M In Series D Led By Zeev Ventures

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San Mateo accounts payable automation startup Tipalti won $76 million in a funding round led by Zeev Ventures. The FinTech accounting firm will use the series D funds to grow the platform and its artificial intelligence (AI) tools that can read, process, pay and track invoices. .