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6 Accounts Payable Automation Trends To Watch in 2023

MineralTree

As the top back-office digitization priority for the last two years, accounts payable is a great example of a tool that is trusted amongst finance teams to simultaneously target multiple areas of concern including security, process inefficiencies, and disorganized AP workflows. of their annual revenues.

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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.

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Embracing Accounts Payable Automation: The Paper Vaccine

PYMNTS

While other departments may have abandoned manual, paper-based strategies years ago, accounts payable (AP) and finance departments held their ground on practices that seem to have changed little since the 1970s. For years, there has been a quiet shift in the B2B payments space. where they account for 75 percent of all invoices.

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Visa Ready Program For B2B Payments Grows With Extend

PYMNTS

18), Extend said it is integrating its card issuing capabilities into the Visa Ready program, a framework for businesses that adopt Visa B2B payments solutions, enabling companies to more seamlessly access additional financial tools like accounts payable automation, virtual card functionality, data analytics and more.

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Kodak, CoreIntegrator Roll Out Accounts Payable Automation Platform

PYMNTS

Kodak Services for Business is introducing a new accounts payable solution, the result of a collaboration with business process automation software firm CoreIntegrator. 13) in a press release that they have developed their AP automation tool, A/P One, to automate the invoice receiving and processing workflow for corporates.

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Small, Early-Stage Funding Rounds Dominate B2B FinTech

PYMNTS

We’re covering two weeks’ worth of B2B venture capital funding, and across the board, India has come out on top. But the largest venture capital funding round went to an accounts payable automation firm in the U.S. It’s certainly not the largest funding round the B2B FinTech industry has seen.

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Strategizing Accounts Receivable To Drive Accounts Payable Modernization

PYMNTS

Digitizing and modernizing B2B payments cannot be a one-sided effort. Increasingly, FinTechs and the businesses they serve are pulling double duty with solutions that tackle both accounts receivable and accounts payable friction for each end of the B2B transaction. LogicGate Eyes AR's Role In Changing AP Behavior.