Basware Debuts AI Tool For Accounts Payable Automation

PYMNTS

Once applied to a customer’s historical invoices, the AI learns and improves even more each time, but again, with very little human interaction required, saving the accounts payable team a tremendous amount of time,” Nikula said.

Challenges and opportunities in the automation of accounts payables

Future CFO

FutureCFO spoke to Marcus Rex, managing director for Asia-Pacific, xSuite, for his perspective on how finance automation in general, and accounts payable in particularly, can help transform finance into a profit centre. Myths around accounts payable (AP) automation.

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A Simpler Vision For Accounts Payable Tech

PYMNTS

In accounts payable, for instance, the industry may not be at a point where it can perform as a strategic function of the enterprise, because many businesses — small and large — are still lagging in the most basic upgrades, said AP firm Anybill ‘s chief strategy officer, Sander Mueller. Anybill recently announced that data from its accounts payable services integrates into the accounting platform of QuickBooks.

Fiserv, SAP Team For Simpler B2B Payments

PYMNTS

FinTech firm Fiserv is partnering with software company SAP to help worldwide B2B companies streamline payments and improve working capital, Fiserv announced on Monday (Feb. Many Fiserv clients have already started to see the benefits of the SnapPay-SAP integration.

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Goldman Sachs Adds Global Payments To SAP Ariba

PYMNTS

A new Goldman Sachs deal will allow more companies to work with with the wide swathe of businesses using SAP’s Ariba Network , which boasts trillions of dollars in commerce transactions annually, according to a press release.

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SAP SE, Qualtrics Unveil Software For B2B Supply Chain Management

PYMNTS

SAP SE and Qualtrics , an SAP company, have introduced a new offering that provides entities with the power to find pivotal areas of improvement throughout the source-to-pay workflow to save more money, secure pivotal supply, bolster corporate flexibly and assuage risk, according to a Wednesday (Oct. That's even easier to achieve now with Qualtrics XM for Suppliers for SAP Ariba, SAP Fieldglass and SAP S/4HANA solutions.”.

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Basware Integrates Solutions With SAP App Center

PYMNTS

Source-to-pay solution provider Basware now offers its business automation resources on the SAP App Center , the digital marketplace for systems applications and product (SAP) partner offerings, Basware announced on Tuesday (Nov.

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SAP Concur Launches ERP Integration With VAI

PYMNTS

VAI will now link corporate customers to SAP Concur solutions, including Concur Expense, Concur Invoice and Concur Travel. SAP Concur’s solutions include accounts payable, expense management, invoice automation, travel booking, mileage tracking and other tools. “Together, VAI and SAP Concur are enabling a more modern, digital work environment that optimizes processes and will ultimately save our customers time and money.”

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ByDesign vs. NetSuite: What's the Best ERP for SMEs?

Navigator SAP

Two of the current industry leaders in ERP software are SAP Business ByDesign and Oracle NetSuite. Having said that, we recommend SAP Business ByDesign as the better investment for the vast majority of medium-sized business out there.

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SAP Concur Eyes India Expansion With Thomas Cook

PYMNTS

Corporate travel and expense management solution provider SAP Concur announced an expansion in India thanks to the renewal of its existing partnership with Thomas Cook. 4), SAP Concur said its Thomas Cook India collaboration will connect joint business clients to integrated travel and expense (T&E) and invoice management solutions, pointing to Indian firms’ continued reliance on manual processes to manage expenses.

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7 insider tips for selecting an SAP workflow solution for invoice processing

Future CFO

Within the SAP ERP application is a module to manage accounts payable. This xSuite white paper offers practical tips on what to bear in mind when choosing a workflow solution for processing incoming invoices in SAP.

The Commercial Card Seeks Value For Both Buyer, Supplier

PYMNTS

With accounts payable (AP) solutions increasingly paying attention to supplier needs, commercial card technologies have expanded their focus on both the AP and accounts receivable (AR) side of B2B transactions. SAP ERP Integrates With ezyCollect.

AvidXchange Connects With Concur Invoice For Vendor Payments

PYMNTS

Accounts payable (AP) and payment automation provider AvidXchange has rolled out a connection with Concur® Invoice for vendor payments. Access to the AvidPay network for clients of Concur Invoice is now available through the SAP Concur App Center.

Palette Unveils AP Automation Software For Construction Firms

PYMNTS

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. B2B Payments accounts payable B2B News Palette Software What's Hot In B2B

Barclaycard Rolls Out B2B Supply Chain Analytics For Procurement

PYMNTS

Barclaycard Payment Intelligence brings together a multitude of accounts payable data points with internal and outside information. The Smartpay function will now have availability on the SAP Commerce Cloud per news in July.

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Centsoft Unveils AP Automation For Construction Industry

PYMNTS

To help project managers and administrators save time, Centsoft has unveiled an accounts payable (AP) automation technology for firms in the construction industry. Its technology automatically brings in vendor accounts, the vendor register and currencies.

AP Consulting Firm Joins Basware Partner Network

PYMNTS

excelerateds2p has had a traditionally formidable emphasis on those who use SAP and SAP Ariba, according to the announcement. “It’s Last November, news surfaced that Basware now offers company automation resources on the digital marketplace known as the SAP App Center.

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How Pandemic Disruption Exposed The Value Of Data Integration

PYMNTS

With so many companies still relying on paper — particularly in areas like accounts payable (AP) in which paper invoices are received and paper purchase orders are sent — the conversation was not only about how to digitize that process, but potentially optimize that workflow, he said.

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How Linking AP And AR Can Mitigate Supply Chain Volatility

PYMNTS

This week's look at the convergence of accounts payable (AP) and accounts receivable (AR) explores how optimizing one side can have a positive effect on the other. Accounts receivable isn't the only way to improve the buyer-supplier relationship in the flow of B2B transactions.

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AvidXchange Deepens AP Integration Into NetSuite

PYMNTS

Accounts payable automation firm AvidXchange is deepening its integration into NetSuite by adding new features to its AvidXchange for NetSuite (AFN) SuiteApp. The updates include the addition of search functionality via its Payment Log, which shows outstanding and fulfilled transactions and enables accounts payable (AP) professionals to search for and view transactions based on payment method, category, suppliers and accounts.

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Zycus Rolls Out AI Bots For AP Automation

PYMNTS

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.

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Payments Heavyweights Dig Heels Deeper Into Commercial Cards

PYMNTS

Commercial card innovation continues to make big waves in the accounts payable (AP) department, as corporates and card issuers alike explore new ways to drive business spend on cards beyond business trips or ad-hoc purchases.

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Deep Dive: How FI-FinTech Partnerships Power Businesses’ AP Cost Savings

PYMNTS

Manual processing creates opportunities that can sap employees’ time and increase the likelihood of errors, making businesses eager to automate their systems and to use technologies to handle such tasks. The accounts payable (AP) automation market is expected to grow from $1.6

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AR-AP Link To Ease Cash Flow, Strengthen Buyer-Supplier Relations

PYMNTS

Deepening ties between accounts payable (AP) and accounts receivable (AR) departments will be key to ensuring buyers and suppliers remain viable. Dynamic discounting can mean lucrative discounts on the accounts payable side, and faster payments on the accounts receivable side.

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Accelerating B2B Payments Through AR-AP Convergence

PYMNTS

In a recent conversation with PYMNTS, Bectran Business Development and Implementation Manager Dominic Biegel reflected on the deepening relationship between an organization’s accounts receivable (AR) operations and its clients’ accounts payable processes.

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AvidXchange Takeover Targets Banks’ AP Processes

PYMNTS

Accounts payable automation company AvidXchange is strengthening its position in the banking and financial services sector through the acquisition of BankTEL, the company said Tuesday (Aug. AvidXchange has reached an agreement to acquire BankTEL Systems, which provides accounting technology to banks. banks as clients, and its takeover will enable AvidXchange to bridge its invoice-to-payment accounts payable technology to those bank customers via BankTEL.

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Celonis Optimizes AP With Process Mining Engine

PYMNTS

Celonis , which works in artificial intelligence (AI)-powered process mining, has introduced its new process mining engine, which will help automate accounts payable (AP) functions, according to a press release.

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How False-Positives Complicate The B2B Payments Fraud Fight

PYMNTS

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. And just as false positives can jeopardize the business-consumer relationship, so can they negatively affect the buyer-supplier relationship in the accounts payable and accounts receivable context.

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The Hard-Dollar Value Of Buyer-Supplier Collaboration

PYMNTS

According to Kieley, even large, multinational organizations not yet large enough to deploy SAP or Oracle ERPs continue to rely on manual quote management processes. The financial consequences of manual RFQ and accounts payable processes can be significant.

The Developer’s Role In Driving eInvoice Standardization

PYMNTS

The technology has a variety of use cases, from accounts payable (AP) tools that need to be able to properly ingest data within these eInvoices, to factoring companies that must validate eInvoices and ensure accuracy in order to release funds. Perhaps most importantly, however, the software enables interoperability with a range of invoice readers across platforms like SAP and others, ensuring that formats and codes are correct.

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The Outperformer’s guide to total financial process domination

Future CFO

If you are working to automate your accounts payables (AP) or have already AP automation in place, this Kofax guide will help you create a full-scale strategy for end-to-end financial process domination in SAP. For many businesses in Asia, ERP is at the core of the business.

ERP Data On The Front Lines Of Blockchain Adoption

PYMNTS

The company announced earlier this month that it has developed what it claims to be the world’s first technology to integrate blockchain into ERP systems like SAP. The solution is called Finlync SAP-DL Integrator , and the idea, said Finlync in an interview with PYMNTS, is that the ERP system is the central home to critical data like purchase orders and invoices, business partner payment information and the like.

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For Improving Financials, Putting Big Data Into Context Is Key

PYMNTS

The potential cannot be ignored, however – particularly in the finance department, where information from accounts payable, accounts receivable, treasury and accounting hold the keys to insight into cash flow, predictable payment behavior and new opportunities to boost the bottom line. What that means for financial processes like accounts receivable and accounts payable is a view of data in context, rather than isolated data points.

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E-invoicing frameworks poised for heightened adoption

Future CFO

Now, with remote and hybrid work commonplace, most invoices are delivered through employees’ and the finance team’s email accounts. SAP Concur hopes that regional governments already using PEPPOL could use their influence to encourage other countries transacting with it to adopt the system.

Workforce Spend Sector Gets Busy

PYMNTS

The big action in corporate spend management is travel and entertainment (T&E), where the 800-pound gorilla has long been Software-as-a-Service (SaaS) goliath, SAP Concur. Spend Management Emburse mergers News SAP Concur spend management Workforce Spend Tracker