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An automated, consolidated spendmanagement platform helps treasury departments gain the visibility and control they need to build responsiveness for a turbulent economy. Let’s take a look at the interaction between the treasury function and spendmanagement. How does spendmanagement help the treasury function?
Despite the influx of spendmanagement software products, all designed to make employee spending easier to manage, many of these gaps remained. This is why we’re seeing intake solution providers adding accountspayableautomation to their offering. Accountspayable and procurement.
Commercial card innovation continues to make big waves in the accountspayable (AP) department, as corporates and card issuers alike explore new ways to drive business spend on cards beyond business trips or ad-hoc purchases. Accrualify Taps Visa For Corporate Card Offering. Privacy.com Sets Sights On Business Cards.
To provide small companies with accountspayable (AP) automation, Medius is bringing its MediusGo invoice automation product to the American market. Medius has been in the American market for more than a decade, helping SMBs through AP automation as well as spendmanagement technology.
With BILL Spend & Expense becoming an integrated part of BILL’s integrated platform of solutions for accountspayable, accounts receivable, and spend and expense management, businesses can have better insight, control and efficiency over their cash flow.
Accountspayableautomation firm AvidXchange is deepening its integration into NetSuite by adding new features to its AvidXchange for NetSuite (AFN) SuiteApp. The feature shows professionals how company funds are disbursed via the AvidPay Network.
The big action in corporate spendmanagement is travel and entertainment (T&E), where the 800-pound gorilla has long been Software-as-a-Service (SaaS) goliath, SAP Concur. billion expense management pie), a group of competitors has merged into a new company to challenge SAP’s category dominance. Follow the AI Money.
California-based global payablesautomation platform Tipalti has launched NetNow to accelerate supply chain payments. The new accountspayable solution aims to improve its clients’ supply chain relationships and financial health, Tipalti said in a July 17 press release. Supply chain financing is not a new concept.
HR and payroll software solutions provider Paylocity has struck a deal to acquire spendmanagement platform 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. Canada, India, and the Philippines.
Plus, said Jandrell, these firms increasingly require the capability to manage processes before and after purchases are made. Historically, that has meant disparate, siloed platforms for expense management, contract management, accountspayableautomation and more.
February 6, 2024] — Accounting Seed , the #1 accounting solution built on the Salesforce Platform, unveiled its first product offering of the new year, AP (AccountsPayable) Automation. Columbia, Md.
Teampay offers companies spendmanagement software designed to manage procurement and employee spend with a focus on the employee user experience and company policy enforcement. According to Tipalti CEO and co-founder Chen Amit, “manual accountspayable processes are no longer an option.”.
Together, the businesses will look to streamline adoption of PROACTIS’ solutions, including strategic sourcing, supplier management, procure-to-pay, accountspayableautomation and other tools. An announcement on Monday (Sept. ” Sopra Steria U.K.
GoExpedi connects businesses in the industrial and energy spaces with a B2B eCommerce platform, supplier sourcing resources, and spendmanagement tools. CSL Ventures, Crosslink Capital, Bowery Capital, Blue Bear Capital and existing backers also participated. According to BusinessLeader.co.uk billion in payments every year.
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