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From Execution to Insight: How Fintech is Shaping the Future of Accounts Payable

CPA Practice

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. They’re dealing with a lot of manual work and multiple partially-automated, partially-integrated systems. There are also mindshare costs.

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Small, Early-Stage Funding Rounds Dominate B2B FinTech

PYMNTS

But the largest venture capital funding round went to an accounts payable automation firm in the U.S. Last year, accounts payable automation company AvidXchange raised a whopping $225 million. The nation saw four startups take home investment out of a total of seven investment rounds. B2B Payments.

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What Open Banking Means For China, Challenger Banks And SMBs

PYMNTS

Implications on data security in the financial services market are particularly sensitive, he added, particularly as the government looks to reign in shadow banking.

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NEW DATA: An Inside Look At The B2B Payments Satisfaction And Usage Disconnect

PYMNTS

Enter the B2B Payments Tipping Point Playbook, a PYMNTS and Mastercard collaboration, which investigates how businesses in a wide variety of industries — from financial institutions (FIs) to government agencies — are planning to invest in B2B payments innovation going forward.

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Tipalti Integrates Technology Into Three FinTech Partner Platforms

PYMNTS

Accounts payable automation firm Tipalti announced a string of partnerships this week in deals that see the partner linking their own customers to Tipalti tools. Tipalti said in a press release on Wednesday (July 25) that it struck deals with Vindeo, Teampay and Sovos.

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Workforce Spend Sector Gets Busy

PYMNTS

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

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B2B Payments: Moving From Inertia To Ignition

PYMNTS

“Our customers don’t want to use their IT resources to stitch together third-party solutions,” Billtrust’s CEO Flint Lane told Webster of businesses’ need for holistic B2B payment solutions that address both accounts payable and accounts receivable needs, all while working in harmony.

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