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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.
Mastercard ‘s commercial card spendmanagementsolution In Control has been integrated into the accountspayable (AP) automation platform of MineralTree , the companies said in a press release on Thursday (Jan. That collaboration similarly involves the integration of Mastercard In Control.
MineralTree, an accountspayable and payment automation company, announced Wednesday (March 27) it closed a $50 million growth equity investment fundraising round. MineralTree said proceeds from the round will be used to fund growth and expand its opportunity in accountspayable (AP) automation for middle-market businesses.
As payments giants like Visa and Mastercard shift the innovation spotlight onto B2B transactions, developers of new accountspayablesolutions are ushering in a growing trend: designing payment tools not just for the payer, but for the B2B supplier as well. Below, PYMNTS looks at the latest in AP that does exactly that.
Accountspayable (AP) departments all too often employ inefficient processes that slow down workflows, and delay supplier payments. The bank’s institutional division is encouraging AP departments to adopt a cloud-based procurement solution, created in partnership with spendmanagementsolutions provider Coupa.
By targeting larger enterprises with its spendmanagementsolution, Coupa places itself squarely against top rivals like Salesforce and Oracle. . “We have a history of cumulative losses, and we do not expect to be profitable for the foreseeable future,” Coupa warned in its filing, reports from VentureBeat said.
Introducing Payhawk, the leading spendmanagementsolution for scaling businesses. Payhawk is the leading spendmanagementsolution for domestic and international businesses throughout Europe, the US, and the UK. Learn more about them before meeting the team at Accountex… What do Payhawk do?
A press release on Monday (July 9) said the companies are deploying artificial intelligence (AI) technology, Strands Business Financial Management ( BFM ), to develop the solution, enabling small businesses to forecast cash flow, analyze finances and gain personalized recommendations on services from their banks.
The three-way match and other processes like delivery authentication — a capability that enables a business to ensure that products have actually been received before invoices are paid — can address mistakes and cases of fraud, but it’s only the tip of the iceberg in terms of strategies corporates must implement to managespend.
The solution, designed for finance professionals, enables automated procurement-related tasks, including requisitions and supplier payments. “We want to continue to empower [accountspayable (AP)] teams by giving them the tools they need to automate key processes and enjoy increasingly strategic roles within their organizations.”
As PYMNTS covered in February, UMB Financial Corporation teamed up with Bottomline Technologies to integrate an accountspayablemanagement offering for corporate customers.
Previously, the company also rolled out software to provide spendmanagementsolutions for self-employed and freelance professionals in support of cash flow management and tax filing.
An announcement by the companies Thursday (July 26) revealed news that Apptricity is integrating WEX’s corporate payment solutions into its own offering of automated supply chain, travel and expense (T&E) and spendmanagementsolutions. “We
As with all automation, vendor management software can streamline your vendor management process and help ensure compliance with your vendor management policies. A spendmanagementsolution offers vendor management capabilities as part of its overall functionality.
Blockchain startup aXpire, which develops corporate spendmanagementsolutions, announced it raised $20 million as it looks to expand its product development into new markets beyond finance, including food and beverage, travel and leisure and transportation. Blockchain. B2B payments. India- and U.S.-based
The new Workflow Spend Playbook highlights the latest solutions, including automation and artificial intelligence (AI), that are helping SMBs keep drivers and workers operating smoothly. Fleet Management. percent of expenses as high-risk, tied to duplicative or unauthorized spending. AI can flag 8.7
But new research from eProcurement and spendmanagementsolutions Wax Digital has uncovered with it described as a “double standard” in this space, finding that companies affected by late payments often don’t pay their own invoices on time, either.
Additionally, a majority (51%) of SMB participants who outsource expense management said their accountant also recommended a card-based spendmanagement technology, such as BILL Spend & Expense.
In its latest round of enhancements for its enterprise spendmanagementsolutions, JAGGAER announced the addition of virtual card payment capabilities for accountspayable teams. JAGGAER Adds Virtual Card Support.
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