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APautomation is a key strategy for many finance leaders In the survey, finance leaders ranked APautomation as their top digitization priority in the back office—ahead of Accounts Receivable (AR), expensemanagement, close management, and forecasting. 63% are making faster, more timely payments.
Consider the fact that payroll automation is done by 49 percent of companies, and that only 37 percent of U.S. businesses automate employee expensemanagement. What’s behind the yawning chasm, then, where APautomation gets such short shrift? Frustration or complacency? Perhaps a bit of both.
India-based accounts payable automation company Finly has announced new funding as it plans to expand its B2B product offering, reports in YourStory said Monday (Dec. Veekshith Rai, Finly chief operating officer and co-founder described Finly’s strategy to differentiate itself in India’s growing B2B FinTech market.
Equity investments reigned this week, thanks to backing for accounts payable (AP) automation firm MineralTree and treasury management company Kyriba , but it was the logistics market that saw the largest venture capital round — and secured another unicorn for the B2B startup space. Existing backers.406
Expensemanagement technology provider Medius and international eDocument service company Pagero have collaborated to help companies handle digital invoices. Medius and Pagero have created a standard connection linking Medius APAutomation with the Pagero digital invoicing network. 13) announcement.
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. But the largest venture capital funding round went to an accounts payable automation firm in the U.S.
Accounts payable (AP) automation software firm Beanworks has rolled out a function for expense reimbursements to assist companies in automating how they get and handle staffer expenditures, according to an announcement. Supervisors can look over receipts and give the go-ahead for reimbursements from anywhere.
Expensemanagement and accounts payable (AP) automation solution provider Emburse is rolling out new card solutions designed to help organizations manage their travel spend. From a mobile app to beefed-up rewards, the latest solutions are embracing the shift of spend to the card. Emburse Debuts T&E Cards.
Commercial cards continue to explore more use cases to optimize spend for businesses, from accounts payable (AP) to employee travel and expensemanagement. Event managers are responsible for managing team members’ expenses, reconciling transactions and keeping receipts, she said.
Innovation in the accounts payable (AP) space continues to expand, with FinTechs looking to capture their piece of a growing market driven by businesses’ desire to digitize their operations. But corporate payers are not the only entities in charge of driving adoption of APautomation technologies. billion valuation.
Expensemanagement and accounts payable (AP) automation company Emburse has rolled out Emburse Cards and Tallie Travel to offer a simple way for clients to handle their travel and out-of-pocket expenditures, according to a Wednesday (Oct. 28) announcement.
Six corporate travel expensemanagement and accounts payable (AP) solution providers are combining into a single company to form Emburse , according to a press release Thursday (Jan. Abacus, Captio, Certify, Chrome River, Nexonia and Tallie are merging together to integrate each other’s T&E and AP solutions.
Virtual cards have been spreading across the B2B payment space because of their cost-saving benefits for both companies and suppliers. These cards’ account numbers correspond with certain vendors, and have predetermined spending limits, enabling accounts payable (AP) professionals to better manageexpenses, control cash flow and fight fraud.
In a statement, UMB executive vice president and director of product management Uma Wilson said the partnership “will allow us to build on existing partnerships to provide the best possible customer experience.” partnerships and new initiatives, in another statement. Last year UMB announced another partnership with U.K.-based
That’s when six corporate travel expensemanagement and accounts payable (AP) solution providers announced they would join forces and combine into a single company called Emburse , according to a press release. Bigger Trends. Another example of striving toward that ideal came earlier this January.
This new solution is our first initiative in the world of corporate payments, which is destined to become an additional growth driver for the group, alongside employee benefits and expensemanagement.”.
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 expensemanagement, contract management, accounts payable automation and more.
It paved the way for firms to embrace mobile in travel and expensemanagement, with smartphones able to more accurately track employee spend while on the go. The Bring Your Own Device movement pushed smartphones into the workplace as employers realized their benefits for productivity.
But something has happened over the last few years, according to Coupa VP of Strategy and Product Marketing Donna Wilczek: Technology has enabled AP professionals to become strategic and massively important to the success of any corporation, large or small.
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