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Accordingly, spend & expense management is an area with significant growth potential for accounting firms — particularly those looking to jumpstart their CAS practice. Given the success of CAS for many accounting firms, card-based spend & expense management services can offer them the next frontier of growth.
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.
Spendmanagement software company Coupa first grabbed headlines when it entered the Unicorn Club following its $80 million investment round last year. By targeting larger enterprises with its spendmanagementsolution, Coupa places itself squarely against top rivals like Salesforce and Oracle. ”
While the case sheds light on the ongoing threat of the business email compromise and other invoice scams, it also revealed how even the largest, most tech-savvy companies of the world can fall far, far short on their spendmanagement processes. In the world of procurement spendmanagement, data is undoubtedly key.
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?
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.
Regular reporting that is available from spendmanagement systems can help you stay on top of how well your vendors are serving your company’s objectives. Employ technology for vendor management. Software solutions for vendor management can be a great benefit to you as the customer and to your vendors.
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.
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.”
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
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.
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.
A CFO’s job doesn’t become more complex as a company grows simply because the business is spending more money. Sterling Snow, vice president of marketing at corporate spendmanagement company Divvy , recently told PYMNTS that businesses (at least, the ones he works with) are hardly using checks at all.
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.
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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