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A press release revealed that the company will make its automated accounts payable (AP) solution available to U.K. ’s struggles with late supplier payments post a key challenge to the overall economy, making the market “ripe for accessible AP automation.” ” In a statement, Michel also noted that the U.K.’s
AP-focused financial automationplatform Stampli announced the release of an AI-driven procure-to-pay solution that works through dynamic conversations with the system itself.
Aquiire , an eProcurement company, has acquired technology from semantic search firm Zakta to enhance its services with machine learning, news reports said Tuesday (Sept. Aquiire said it purchased the rights to Zakta’s machine learning and collaborative search technologies and will imbed that tech into its real-time procure-to-payplatform.
Juvo Technologies wants to extend its presence within the procure-to-pay space and announced an acquisition to help it do so. Reports late last week said the technology firm has acquired Vendorin , a B2B payment technology and enterprise solutions company, to help Juvo build out a procure-to-payplatform.
The alliance will reportedly result in a digital technology that offers wholesaler access to credit and completely digitized marketing campaigns. The group will also harness the mobile technology of N-Frnds to more effectively communicate future promotional efforts involving wholesalers and suppliers.
Supply chain payments solution provider Tradeshift is collaborating with professional services firm Genpact to broaden its procure-to-pay offering in an effort to support digitization and automation for joint customers. The companies announced their partnership Tuesday (Oct.
Transcepta, a procure-to-payplatform, is ramping up its use of artificial intelligence (AI), the company said late last week. In an announcement , the company said its leveraging of AI and predictive analytics technologies can enable smarter procurement decision making.
In addition, adopting a digital accounts payable platform can streamline operations, as well as open access to digital data for analytical and process automation purposes. Suppliers are now able to automatically create an invoice directly from a purchase order sent via the BuyerQuest platform. .
The rise of RegTech is not by chance: There is an undeniable link between regulatory changes and technological innovation, and that link has a profound impact on FinTech and the financial services market. As the risk of noncompliance evolves and grows for corporates, many turn to technology to ensure adherence to complex regulatory demands.
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