PYMNTS

JULY 22, 2020

Recent events have irrevocably changed the way finance departments operate, bringing to light glaring issues with the current processes. For years, there has been a quiet shift in the B2B payments space. Paper invoices, on the other hand, still dominate finance departments today.

Accounts Payable Automation 60

Accounts Payable Automation accounts payable Technology AP Automation 60

PYMNTS

APRIL 8, 2020

With a launch that links enterprise resource planning (ERP) with accounts payable, among other systems, OpenText debuted its new OpenText™ Trading Grid™ The rollout brings together multi-enterprise cloud integration capabilities with data visualization and microservices architecture, according to an announcement.

accounts payable 72

accounts payable Account accounted accountant 72

PYMNTS

AUGUST 8, 2019

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. Which will come out on top?

accounts payable 57

accounts payable Account accounted accountant 57

PYMNTS

JUNE 26, 2020

Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. Utility account aggregation company Urjanet secured $14.65 Aye Finance. Pipe Technologies.

B2B 115

B2B Finance accounting and finance accounts payable 115

PYMNTS

JULY 3, 2020

Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. “The finance function, historically, hasn’t been managed in a remote working environment,” he said. ” Offering the Right Tools.

accounts payable 85

accounts payable Account accounted accountant 85

Accounting Insight

JANUARY 8, 2024

The rise of invoice fraud will prompt closer collaboration between finance and security teams. To help this collaboration, businesses should take steps such as implementing AI and automation tools to detect any suspicious activities or anomalies within the Accounts Payable (AP) process.

accounts payable 105

accounts payable B2C Technology accounting and finance 105

CPA Practice

JANUARY 23, 2023

Accounts payable (AP) teams are stuck on a hamster wheel, always having to scramble to get payments out the door and then reconciling them on the back end. But there’s one big piece of B2B payment infrastructure that they don’t have: vendor networks. Fintechs are now building B2B vendor networks at scale.

accounts payable 52

accounts payable Technology Account accounted 52

PYMNTS

DECEMBER 29, 2020

Although it occurred under dire circumstances, 2020 was the year that many organizations finally ditched the paper check in B2B payments — or, at the very least, helped to move the needle toward electronic payments. B2B payments are messier than B2C payments," said Chanda. Empowering Finance Professionals.

B2B 114

B2B Technology accounts payable accounting and finance 114

PYMNTS

DECEMBER 28, 2020

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. But accounts payable is far from the only back-office financial workflow at risk of fraud. While current fraud tools are helpful, there is no systemic or automated option for accomplishing this," Nacha warned.

B2B 116

B2B accounts payable AP Processes accounting and finance 116

CPA Practice

AUGUST 2, 2024

Emburse , whose innovative travel and expense solutions power forward-thinking organizations, has announced a strategic relationship with Finexio , the fast-growing accounts payable (AP) payments as a service company.

B2B 52

B2B AP Processes accounts payable accounting and finance 52

CPA Practice

DECEMBER 17, 2023

As a result, finance leaders find their departments squarely in the spotlight—keeping a closer eye on their balance sheets, taking fewer risks, and focusing more on efficiency and value over growth. Accounts Payable (AP), in particular, has become ground zero as liquidity and cash flow become even more indispensable.

AP Automation 132

AP Automation Finance AP Processes Approval Workflows 132

PYMNTS

SEPTEMBER 29, 2020

Separately, research finds B2B payments as the key driver behind surging instant payments volume in the years ahead. The future of finance is digital,” said Valdis Dombrovskis , the panel’s executive vice president. In addition to the expanded Accelerate program, Mastercard is also embracing blockchain for B2B use cases.

B2B 129

B2B B2C accounts payable accounting and finance 129

PYMNTS

AUGUST 14, 2020

million in combined funding, B2B FinTechs remain resilient in today’s current market. Investments ranged across geographies and industries, but the biggest highlights landed on trade financing and early wage access innovators, as startups bolster their value by supporting small businesses’ and employees’ financial recovery.

B2B 65

B2B Finance cma Technology 65

PYMNTS

MARCH 31, 2020

To make the complete payables process smarter, global payables automation company Tipalti unveiled its Tipalti Pi integrated payables intelligence engine, according to a press release. The solution identifies fraud and risk, bolsters decision making, automates manual work and eliminates accounts payable (AP) process errors.

accounts payable 53

accounts payable general ledger AP Processes Account 53

PYMNTS

DECEMBER 29, 2020

The B2B payments landscape has always been evolving, but change in the industry has never been more acute than right now. But the challenge of igniting B2B payments innovation may not be as arduous as many chief financial officers (CFOs) and others believe, said Josh Cyphers , president of Nvoicepay , a FLEETCOR company alongside Comdata.

B2B 82

B2B accounts payable accounting and finance Finance 82

PYMNTS

MARCH 21, 2019

Zion Market Research released a report about the accounts payable software market on Wednesday (March 20), estimating the market will reach about $1,567 million by 2025, according to a release by the company. The global accounts payable software market is segmented on the basis of type and application.

accounts payable 52

accounts payable Account accounted accountant 52

PYMNTS

NOVEMBER 18, 2020

New Jersey-based invoice-to-cash platform Billtrust has upgraded the machine learning (ML) capabilities of its business-to-business (B2B) cash application software, the company announced Wednesday (Nov. The goal is to quickly convert payments to cash. After the July ML upgrade, Billtrust said its customers report a 12.4

B2B 102

B2B New Jersey accounts payable accounting and finance 102

PYMNTS

SEPTEMBER 17, 2019

SMBs using the WePay platform can now see funds deposited into their Chase bank accounts the same day without extra fees, a feature resulting from JPMorgan ’s acquisition of WePay in late-2017. JPMorgan Chase announced a collaboration with WePay last week to enable faster deposits for small business joint customers.

accounts payable 43

accounts payable B2B Account accounted 43

PYMNTS

DECEMBER 13, 2020

Orlando, Florida-based B2B Payments-as-a-Service (PaaS) platform Finexio is expanding its reach in the enterprise resource planning (ERP) software space and will now be available on Microsoft AppSource via a direct integration for Microsoft Dynamics users, according to a press release.

B2B 97

B2B accounts payable AP Processes Florida 97

PYMNTS

MAY 2, 2018

As corporate buyers embrace the strategic value of a stronger relationship with suppliers, finance executives are paying more attention to the technologies used to pay vendor invoices. This week, Inspyrus announced that it is integrating B2B payment capabilities into its platform powered by Nvoicepay.

accounts payable 46

accounts payable Account accounted accountant 46

PYMNTS

MARCH 18, 2020

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. 1st Commercial Credit Discusses Payables Finance.

B2B 67

B2B accounts payable Real Estate accounting and finance 67

PYMNTS

JULY 3, 2018

New research suggests a vast divide between businesses that have embraced technology and electronic processes in the accounts payable department and businesses that instead prefer to retain those paper invoices and checks. While the gap is wide, researchers noted overall improvement in the perception of the accounts payable department.

accounts payable 41

accounts payable Technology Account accounted 41

CPA Practice

OCTOBER 11, 2023

With increasing corporate belt-tightening, finance leaders are focused on boosting the productivity of lean AP teams and taking measures to cut costs. AP automation is providing critical value and remains a top digitization priority AP automation is allowing finance teams to do more with less.

Finance 59

Finance AP Automation AP Processes Approval Workflows 59

PYMNTS

DECEMBER 30, 2020

The B2B payments ecosystem experienced a sudden and dramatic acceleration of change upon the onset of the global pandemic, and its impacts reach far beyond the mere digitization of the B2B transaction. The Coexistence Of Rails. Often, that means the cooperation of multiple rails at once.

B2B 119

B2B Technology accounts payable accounting and finance 119

PYMNTS

JANUARY 12, 2021

Historically, corporate travel and expense ( T&E ) management has been viewed as an entirely separate function from other B2B payment workflows. As a result, the lines that once separated T&E from other B2B payment workflows are blurring, according to Conferma Pay CEO Simon Barker and Barclays President of Payments Marc Pettican.

B2B 91

B2B Technology accounts payable accounting and finance 91

PYMNTS

JANUARY 7, 2021

There are a lot of moving parts in B2B payments that are keeping corporate finance executives busy as they work to modernize and optimize their operations. In 2020, many of the biggest pain points in B2B payments were revealed, particularly when transactions move across border. But it's an end-to-end workflow.".

B2B 97

B2B accounting and finance accounts payable Finance 97

CPA Practice

AUGUST 28, 2024

After voting by the awards committee panel each year, the top five products are presented as winners of the Tax and Accounting Technology Innovation Awards. as they promise to dramatically improve client services, firm management, small business accounting and many other areas of operations.

Technology 122

Technology accounting firms Account accounted 122

PYMNTS

MARCH 10, 2017

The company said this week that it will roll out an accounts payable solution using a virtual card payment method, a solution, Edenred noted, that “offers security, speed and traceability” for easier supplier payments and reconciliation. The solution will provide its corporate clients with incentives to use the virtual card, it said.

accounts payable 55

accounts payable Account accounted accountant 55

PYMNTS

FEBRUARY 1, 2021

It’s not that automating invoice generation, banishing checks, automating the cash application process and systematically removing all the manual touches from accounts payable (AP) and accounts receivable (AR) workflows weren’t unknown concepts among chief financial officers (CFOs) and treasury departments at the time.

B2B 94

B2B Technology accounting and finance accounts payable 94

PYMNTS

JULY 17, 2020

Several B2B FinTechs topped the list in Q2, however, including commercial card startup Brex, which raised $150 million, as well as global business account service provider Airwallex with $160 million and small business alternative lender Fundbox with a $200 million raise — the largest of the quarter. TradeDepot.

B2B 90

B2B Technology accounts payable accounting and finance 90

PYMNTS

MARCH 13, 2020

Trade finance is a critical tool in supporting global trade for both buyers and sellers, particularly smaller businesses. Yet these financing products aren’t without their risks and drawbacks, and today, criticism continues to mount for certain invoice financing tactics in particular. An Alternative To Factoring.

Finance 69

Finance accounting and finance accounts payable B2B 69

PYMNTS

FEBRUARY 26, 2020

More and more, B2B payment solutions are focusing less on single end-points of friction, and more on the overall picture of how money (and data) moves from one business to another. That means emerging services are multitasking, easing friction for both accounts payable and accounts receivable.

accounts payable 72

accounts payable Account accounted accountant 72

PYMNTS

OCTOBER 16, 2020

Venture capital funding landed at startups focused on accounts payable (AP) and cybersecurity this week — with one payables startup raising $23 million in funding. Venture capital funding landed at accounts payable (AP) and cybersecurity technology firms, among other innovators that raised money this week.

B2B 69

B2B accounts payable Technology accounting and finance 69

PYMNTS

FEBRUARY 24, 2020

And here we are, millennia later, exploring space and streaming Netflix, yet over 40 percent of business-to-business (B2B) payments are still made by paper — the same “technology” that replaced clay tablets. After all, B2B eCommerce will be a $1.1 Where’s the Trust? China’s eCommerce titan Alibaba is capitalizing on that.

B2B 73

B2B B2C accounts payable Technology 73

PYMNTS

OCTOBER 23, 2020

This week's B2B Venture Capital roundup saw more than $76 million in new funding. And while investors targeted an accounts payable payments startup as well as another platform designed to help other startups understand their equity, a common theme this week was investment in risk mitigation capabilities.

B2B 63

B2B Technology accounts payable Florida 63

PYMNTS

NOVEMBER 26, 2019

Accounts payable (AP) automation is beneficial, and even necessary, for many businesses still bogged down by paper. Part of that journey includes a focus on vendors’ accounts receivable (AR) challenges, which is crucial to finding success with newly-implemented AP tools. Billtrust Broadens Business Payments Network.

AP Automation 64

AP Automation Technology accounts payable Account 64

PYMNTS

JULY 28, 2020

Although the enterprise continues to accelerate its digitization efforts, chief financial officers keep hitting roadblocks when it comes to modernizing workflows regarding accounts payable (AP) and embracing electronic payments. Not so, says Meitra Aycock , senior vice president of operations at Comdata. Expanding The Scope.

B2B 70

B2B accounts payable accounting and finance Finance 70