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In fact, the Wall Street Journal reports that more than 300,000 accountants and auditors quit over the last two years, and the effects of those losses can be significant. According to a recent PYMTS survey of 225 finance leaders, AP departments alone spend 18% of their time on manual tasks per month. No more manual reconciliations.
LeaseQuery , a provider of software built to empower accounting and finance teams by simplifying the complex, has acquired Stackshine, a SaaS spendmanagementplatform designed to help companies track and optimize their software spend and usage.
LeaseQuery , a provider of software built to empower accounting and finance teams by simplifying the complex, has acquired Stackshine, a SaaS spendmanagementplatform designed to help companies track and optimize their software spend and usage.
The survey revealed that the majority of participants consider “managing liquidity risk and overseeing financial risk management” to be crucial priorities. An automated, consolidated spendmanagementplatform helps treasury departments gain the visibility and control they need to build responsiveness for a turbulent economy.
It’s simply not feasible to spend money throwing more bodies at a problem. The cost savings of a consolidated spendmanagementplatform, plus the marginal revenue that can be earned with a more efficient card program, create a positive ROI. The post The cost of inaction: An urgent call to upgrade accounting processes.
Evaluating the time-to-value of a spendmanagementplatform. Time-to-value is an important consideration for spendmanagementplatforms because of the wide range of users. In today’s focus on smart and resilient growth, you can’t afford to miss out on the ROI of a spendmanagementplatform.
Few milestones in a company’s lifecycle demand a more focused response from finance and accounting than the first external audit. Cleaning up your technical accounting data in preparation for your audit will make your life easier. Advice for the accounting leaders. Robin navigates the accounting in Airbase with a very lean team.
Airbase is the highest-ranked mid-market spendmanagementplatform on G2 for the fourth quarter in a row! We hold the coveted top position on the Mid-Market Grid ® Report for SpendManagement, Spring 2023. The platform is intuitive, easy to use, and well designed.” Ease of use: 96 “Using Airbase is a joy!
In this month’s Feature Story, Caleb Jenkins , leader of client accounting services for tax and accounting firm RLJ Financial , describes how the firms’ need for real-time payment options is peaking amid the pandemic and how virtual cards can help deliver the faster payments options they need to stay afloat. About The Playbook.
Among the new products is Q Business, EedenBull’s spendmanagementplatform that offers what it calls a sophisticated yet simple solution to digitize check and cash processing. Last month, PYMNTS reported EedenBull rolled out its commercial card platform to banks to take advantage of improved B2B payment capabilities.
Some of these have transitioned to public companies and continue to rely on our spendmanagementplatform since it can grow and adapt as their processes change. What is change management? Change management is a systematic approach to navigating transitions for a company. And why does it matter?
However, proper data management and double-checking the data will remain important to maintain the accuracy of the invoicing process. 3-way match is a process used in accounts payable to ensure that invoices are accurately matched to the correct purchase order and corresponding goods received note (also called the receiving report).
In another initiative focused on spendmanagement, BNP Paribas announced that it is adding virtual commercial cards within the expense managementplatform Coupa , linking those cards to Coupa Pay, PYMNTS reported.
Airbase’s spendmanagementplatform improves collaboration through configurable, cross-functional workflows. Both speakers acknowledged that it’s a never-ending task as businesses evolve and change. By emphasizing collaboration and communication, optimization efforts are scalable. To see how it works, just schedule a demo !
The news comes as shares in the bank have been hit in the wake of an accounting error that in turn resulted in capital levels being reduced by $1.1 The FT had reported that Edo Kurniawan, who heads accounting operations in the Asia Pacific, had been accused of forging and backdating contracts.
Cards are still expected to account for only a minor fraction of B2B payments volume in accounts payable by the end of the year, after all, with ACH gaining traction as the go-to ePayments rail for corporate payers. However, what really grabbed headlines was Visa’s February announcement that it acquired longtime partner Fraedom.
While there may be a flurry of solutions for the enterprise to managespend across a variety of business operations — accounts payable, travel and expense management or procurement — rarely do these solutions meet the spendmanagement needs for all three areas.
Just look at SAP Ariba , which integrated PrimeRevenue’s supply chain financing into its spendmanagementplatform, or Reckon , a small business accountingplatform that recently rolled out an SME lending feature thanks to Prospa.
HR and payroll software solutions provider Paylocity has struck a deal to acquire spendmanagementplatform Airbase for $325 million, the companies said in a media release on Sept. The deal is being funded by borrowings under Paylocity’s revolving credit facility. “I
The company announced in February that it would acquire the expense management Software-as-a-Service (SaaS) firm that already underpins Visa’s IntelliLink SpendManagementplatform, designed for commercial and small business (SMB) customers. Microsoft, KPMG Enter SMB Management.
As more technology emerges to sit between a company’s accounts payable (AP) platform and its vendor’s accounts receivable (AR) portal, service providers are looking to ease friction in a multitude of ways, from accelerating payments and cash flows to easing contract negotiations. Crowdz Pilots Invoice Crowdfunding.
The company is pairing up with Nexus Systems , a provider of accounts payable (AP) solutions for the real estate industry, to streamline supplier payments for joint customers, the companies said in a press release Wednesday (Sept. Visa ‘s next initiative to disrupt B2B payments is focusing on the real estate market.
As application programming interfaces (APIs) and digital banking promise unheard of levels of control, companies are eyeing the 40 percent or more of revenues that go to spend — and specifically, how much can drop to the bottom line by using artificial intelligence and accounts payable automation in creative new ways. “A
Corporate spendmanagementplatform Vroozi is enabling its corporate users to pay their suppliers from directly within its platform through a partnership with Nvoicepay. 25) that Vroozi’s purchasing and spendmanagement portal will now integrate Vroozi Pay to round out its procure-to-pay offering.
According to a press release , Yatra will link customers based outside of India — whose employees travel in the country — with Chrome River’s expense management solution as part of a broader travel booking and spendmanagementplatform, offered via Yatra’s Self Book platform.
The new Workforce Spend Playbook highlights the lat est spendmanagement tools, expense cards and workforce management solutions that are helping SMBs and their field-based staff to maximize efficiency on the front-lines of service and on the back-end of accounting. Around the Workforce Spend World.
Corporate spendmanagementplatform Coupa is expanding availability of virtual commercial card payments as a result of a partnership with BNP Paribas , according to a press release from the financial institution. BNP Paribas, Coupa Pair On V-Cards. ” Saxo Inks Give Bank Deals. . ” Saxo Inks Give Bank Deals.
According to reports, banks are looking for alternatives to the traditional data aggregation tactic of screen scraping, which requires users of financial services platforms to provide their usernames and passwords to their online banking accounts to share financial information with that platform. Soldo Connects With NatWest.
QuickBooks Online is a popular accounting software for small businesses and it provides a range of bill pay options. Corpay One joined us on a series of our workshops on " Digitizing Your Back Office " as a way to transform your small Business or accounting practice. Advantages if Corpay One All in in one SpendManagementPlatform.
In its latest move, Visa announced a deal to acquire Fraedom , a longtime partner that provides expense management technology to FIs and direct to businesses. “They’ve been great in reporting and spendmanagement, and in moving their solutions into digital,” Phalen said.
For small businesses, managing costs effectively can mean the difference between thriving and struggling. Whether your business is facing profitability issues or difficulties in collecting accounts receivable , adopting a strategic approach to cost management is essential for long-term success. Workspace and Workforce 27.
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