article thumbnail

6 Accounts Payable Automation Trends To Watch in 2023

MineralTree

New Fraud Methods Will Target Vulnerabilities of Hybrid Teams 98% of B2B firms reported fraud attacks in 2021 , resulting in an average loss of 3.5% With an AP automation tool like MineralTree, your team can begin the process of digitizing its AP function , all while improving data accuracy and analytics capabilities.

article thumbnail

Basware Debuts AI Tool For Accounts Payable Automation

PYMNTS

To automate the transformation of machine-readable PDFs to digital invoices, Basware has rolled out SmartPDF AI in the newest expansion of its SmartPDF offering. The tool uses information taken from past invoices through a cutting-edge machine learning (ML) model, according to a Tuesday (Sept. 22) announcement.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Embracing Accounts Payable Automation: The Paper Vaccine

PYMNTS

For years, there has been a quiet shift in the B2B payments space. Paper checks — once dominant in all areas of commerce, now extinct for most consumers — have slowly lost ground, slipping to a meager, yet still surprising, 42 percent of all B2B payment types in 2019. However, in the wake of COVID-19, that may no longer be an option.

article thumbnail

B2B FinTechs Start 2020 Strong With More Than $1B In VC Funding

PYMNTS

Venture capital (VC) is not easily available to every startup, but this week, VC investors hinted at a big year ahead for the B2B FinTech space. In total, more than $1 billion was raised this week, with funds landing at an array of technologies from B2B payments to payroll to eProcurement. Flutterwave. AvidXchange. Berkshire Grey.

B2B 79
article thumbnail

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.

B2B 63
article thumbnail

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.

B2B 53
article thumbnail

Billtrust, Priority Streamline B2B Payments Reconciliation

PYMNTS

Order-to-cash solutions provider Billtrust has added Priority Commercial Payments to its Business Payments Network (BPN) to streamline B2B payments reconciliation, the companies said in a press release this week. Acquirers and accounts receivable platforms can also connect to the network to capture transaction data for end-users.

B2B 51