PYMNTS

JULY 27, 2020

Although there are countless ways a cybercriminal can swindle funds from a company — either from the outside or within — it’s often the invoice at the center of the crime. This week’s Data Digest looks at the latest in B2B payments fraud and the invoice’s role in supplier payment redirect scams, credential theft and more.

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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. Around The B2B Payments World.

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PYMNTS

JANUARY 13, 2021

Expense management technology provider Medius and international eDocument service company Pagero have collaborated to help companies handle digital invoices. The new collaboration lets their joint customer base get and handle digital invoices in different formats throughout the world, according to a Wednesday (Jan.

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Future CFO

MAY 15, 2022

Finance leaders may have noticed one invoicing trend that emerged in the last couple of years – the way invoices arrive at their organisations has quite clearly changed. Now, with remote and hybrid work commonplace, most invoices are delivered through employees’ and the finance team’s email accounts. Automated verification.

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Invoicing Accounts Payable SAP Finance 52

PYMNTS

OCTOBER 6, 2020

Against that backdrop, Aavenir recently announced an update to the Invoiceflow application that is geared toward making automatic invoicing even speedier through artificial intelligence (AI)-based invoice extraction. The updates, the company said, will speed invoice processing by 10 times and cut processing costs by 80 percent.

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Invoicing Accounts Payable Auditing Accounting 93

Future CFO

JULY 24, 2022

ARQ, an Australian digital services provider, has selected MuleSoft to build efficient automation to streamline invoices, optimise onboarding and offboarding process, automate data processing, and support integration with Salesforce and ELMO software, Salesforce said recently.

Invoicing 52

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PYMNTS

JANUARY 16, 2020

B2B invoicing and payments firm Crowdz has announced a new pilot aimed at connecting businesses to crowdfunding services to finance their unpaid invoices. 16), Crowdz announced it is rolling out what it claims to be the world’s first invoice financing marketplace, InvoiceXchange, in pilot phase.

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PYMNTS

JANUARY 7, 2021

Payment processing technology developer PayJunction has rolled out a digital invoice function for companies that harness its virtual terminal offering, according to a Thursday (Jan. The company’s invoice functionality grows use cases from usual billing scenarios. 7) announcement.

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PYMNTS

MAY 12, 2020

rolled out its Semantik Invoice cloud-based data acquisition product. The company said in an announcement that the out-of-the-box artificial intelligence (AI) technology has been shown to decrease costs and sizably reduce the time it takes for invoice processing, according to an announcement.

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Invoicing Accounts Payable Forecasting Accounting 68

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. Find the full story in the Tracker.

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Invoicing Accounts Payable B2B Budgeting 79

PYMNTS

MAY 14, 2020

Invoice inaccuracies caused by either honest mistakes or deliberate fraud quickly add up if not caught and corrected, and unexpected monetary drains cause budgets to fall short of projections. Three-Way Invoice Matching. Forry noted that automating invoice processing and using three-way matching help prevent billing mistakes.

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PYMNTS

JANUARY 13, 2021

When employees cannot be physically in an office to send or receive paper invoices and purchase orders, the ability to electronically transmit data on those documents to the appropriate business partner is key as work-from-home requirements continue. The Value Of EDI. Any EDI message is below 20 cents. It's a huge cost savings.".

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Invoicing Accounts Payable B2B Communication 56

PYMNTS

APRIL 23, 2020

Business payment and accounting solutions provider Gilded said that digital currency data provider CoinMarketCap has implemented its cryptocurrency payment technology, according to an announcement. The technology from Gilded facilitates instant international payments with cryptocurrency and doesn’t charge transaction fees.

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Technology Invoicing Currencies Leverage 78

PYMNTS

APRIL 16, 2020

To help businesses impacted by the coronavirus, Taulia has rolled out its Rapid Start Invoicing offering. The Rapid Start Invoicing solution will help businesses digitize their AP processes and make payments on time or even earlier.”. With BPOs and shared services centers closed, companies can’t process their paper invoices any longer.

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Invoicing Accounts Payable Accounting Finance 60

PYMNTS

JANUARY 23, 2020

Independent invoice financing company LSQ has launched a new supply chain finance platform called LSQ FastTrack, according to a press release. The offering is meant for companies of all sizes, and it allows buyers to not only optimize their working capital but also give suppliers on-demand invoice funding options.

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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. The process of reconciling and matching invoices, when done manually, can be a time-consuming process for businesses, the release says.

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Invoicing Accounts Payable Reconciliations Healthcare 52

PYMNTS

JUNE 17, 2020

Connecting B2B vendors to financing on their unpaid invoices can grant them the financial stability they need to keep trade flowing, but it comes with its own set of challenges — both for the vendor and financiers. “Invoice finance is a very effective way for suppliers to obtain fast and affordable working capital,” he said.

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Invoicing Finance B2B Credit Risk 68

PYMNTS

MAY 4, 2020

The Optimizing AP and AR Playbook , a collaboration between PYMNTS and OnPay Solutions , found last month that an estimated nine billion paper invoices are processed every year in U.S. For many suppliers, working remotely has driven AR departments to email invoices out to customers, if they hadn’t been doing so already.

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Invoicing Accounts Payable Reconciliations B2B 66

PYMNTS

FEBRUARY 15, 2019

Electronic invoicing and data capture company CloudTrade is rolling out a new solution designed for the logistics and freight industry, the company revealed this week. “So, whether it’s freight invoices, sales and purchase orders or advanced shipping notices, CloudTrade processes them automatically. .

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PYMNTS

NOVEMBER 16, 2020

Fresh off its acquisition of Finance-as-a-Service technology platform Ario , Thinking Capital is looking toward the future of SMB financing. That was largely behind the acquisition of Ario, whose proprietary data analytics technology can facilitate invoice financing and loans via integrated infrastructure. Flexible Technology.

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Technology Finance Financial Analysis Invoicing 115

PYMNTS

APRIL 11, 2019

Supply chain payment technology firm Taulia is teaming up with Google Cloud to enable an artificial intelligence-powered invoice processing solution. Described as “cognitive invoicing,” the tool allows companies to automate invoice processing regardless of file format that suppliers send.

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PYMNTS

OCTOBER 19, 2018

Even the mightiest of tech firms are not immune to invoice fraud. The site noted that, among the alleged fraudulent actions, Tran stands accused of sending two fraudulent invoices to Microsoft, and those invoices were sent to the company from other vendors. Blockchain For Invoices. million from the company.

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PYMNTS

DECEMBER 10, 2019

Accounts payable invoice automation provider Invoice Stream is integrating its technology into payments services provided by Usio. In a statement, Usio EVP and Chief Revenue Officer Vaden Landers said the costs and friction associated with receiving and paying paper invoices create a struggle for companies today.

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PYMNTS

MAY 7, 2020

Risk management and payment technology provider linked2pay has debuted a new service, CustomerConnect, that is intended to cut down on late invoice payments, according to a press release. A total of 52 percent of invoices issued in the U.S. A total of 52 percent of invoices issued in the U.S.

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PYMNTS

JUNE 17, 2020

-based startup, wants to help businesses get invoices paid faster, according to a press release. The rewards are funded by the supplier, usually at 1 percent to 5 percent of the invoice values, the release states. The pandemic has drastically worsened the state of late invoice payments. In the U.K.,

Invoicing 56

Invoicing Accounts Payable B2B Startups 56

PYMNTS

APRIL 14, 2020

Fairfax Software and Indicium Solutions have signed a deal to make Fairfax products, which focus on invoicing, available in Mexico, according to a press release. Customers who use the technology will be provided with a link to the Amazon-hosted Quick Pay site through Indicium.

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Invoicing B2B Accounting Technology 52

PYMNTS

FEBRUARY 12, 2020

Accounts receivable automation and eInvoice company Biller Genie has updated its service and added support for popular payment tools as well as emerging ones, to allow for faster invoicing, according to a release. . Biller Genie automates normal workflow procedures, no matter how an invoice is generated.

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PYMNTS

JUNE 2, 2020

To provide non-touch invoice processing and support remote work, SoftCo rolled out its SoftCo ExpressAP accounts payable (AP) automation technology. SoftCo ExpressAP removes costly manual invoice processes, enforces cost control, and supports a safe remote working environment.”.

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Invoicing Accounts Payable Vendor Management Accounting 52

PYMNTS

DECEMBER 18, 2019

Lendo , a peer-to-peer (P2P) lending marketplace for small- and medium-sized businesses (SMBs), wants to help them pre-finance their invoices so they can potentially get paid faster, according to a report. The company is doing its business as an alternative to regular short-term finance by borrowing money against outstanding invoices.

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PYMNTS

MARCH 23, 2020

-based eCommerce firm, is hoping its new bePayd service will help invoices get paid faster, particularly in the trying times of the coronavirus pandemic, according to a press release. The new service will allow invoice payments to go through almost immediately. All of the regular terms of the deal are honored, the release states.

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Invoicing eCommerce Planning Technology 52

PYMNTS

JULY 5, 2017

The company announced Friday (June 30) that its portal is up and running to link SMEs to trade financing by turning unpaid invoices into tradable assets. Every invoice is assigned a unique fingerprint, the firm said, by tokenizing each bill and linking them onto the blockchain. The sale will last six weeks, it said.

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Invoicing Finance Leverage Sales 86

PYMNTS

NOVEMBER 26, 2020

Vodicka recently told PYMNTS about how firms’ B2B transaction strategies are shifting, including how business clients are adopting new AP technologies to streamline and accelerate payments and how companies like Dell are responding with AR modernizations. . Ripple Effects: AR Modernization.

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PYMNTS

FEBRUARY 6, 2020

That “next step” for CounselLink is the launch of FastTrack , a supply chain financing capability developed with LSQ that enables corporate legal departments to initiate and manage their reverse factoring and discounting agreements with outside counsel and to pay invoices. ” From Cost Center to Strategist.

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Invoicing Accounts Payable Finance Auditing 52

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. More than 400,000 companies use the Paymode-X platform to transfer B2B funds.

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PYMNTS

MAY 1, 2019

Payments solution provider Delego is rolling out its invoice presentment and payment solution, PayCenter, a SAP-integrated tool, to digitize and streamline accounts receivable. Delego’s PayCenter offers Delego RapidPay, which supports ACH, card, digital wallet and other payment methods when invoices are presented.

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Invoicing SAP B2B Manufacturing 54

PYMNTS

JANUARY 14, 2021

Rho Technologies , the FinTech behind Rho Business Banking, has raised $15 million in a Series A round, according to a press release. Clients will be able to use the full AP automation, in which invoices are uploaded, approved, coded and paid within Rho's program.

Technology 67

Technology Accounts Payable Invoicing CFO 67

PYMNTS

MARCH 22, 2019

One way to secure funding is to use invoice financing. USD equivalent to help fund its efforts to help companies secure loans against invoices (through linkups with investors) using blockchain and artificial intelligence. They are also tech-savvy and open to adopting new technology solutions which makes them perfect fit.”.

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