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You’re likely focused on getting maximum value for any expenditure — a higher ROI and greater impact — which is exactly what modern spendmanagementsolutions can provide. Let’s have a look at why businesses are moving to adopt modern software solutions and where that value comes from. Time to value.
Today in B2B, trade finance technology provider Surecomp announces its newest marketplace partner, and Serko expands its expense management offering into North America. Plus, Suplari launches new corporate spendmanagementsolutions, and PROS expands its Adobe partnership to help B2B business customers launch eCommerce operations.
Predictable means that those spikes could be planned, and the technology that powered those payment products were built to accommodate the big spikes that happened once a year, before falling off to average levels. At PEX, Grant is still working with prepaid cards, but their spikes are almost the exact opposite.
Some firms have better adjusted to new digital tendencies than others, especially when it comes to keeping track of B2B payments and spendmanagement. Many of the tools that have traditionally been used to track payments and managespending have now fallen out of step with what businesses currently need in today’s digital environment.
It’s a phrase that can cause several types of jobsite headaches — stepping away from a project to hit a hardware store with petty cash, for instance, or calling the boss to gain approval to go over a card spending limit. SpendManagement Change. SpendManagement Misconception. Time Is Money.
Automated AP solutions, however, can smooth away such frictions. Additional services match purchase orders (POs) with invoice numbers, and automate other processes important to accelerating approval procedures. Around The Next-Gen AP Automation World.
The firm said it will use the latest funding round to help fuel expansion of its travel and spendmanagementsolutions. According to CEO Joel Vicient, the company streamlines T&E into a paperless, streamlined solution, with automation helping to reduce the risk of fraud and errors.
It is thus unsurprising that 95 percent of companies are looking to improve their spendmanagement software this year. Companies are thus looking to technologies like artificial intelligence (AI) and machine learning (ML) to help mitigate this. Using Cloud Technology And Data Analytics To Help Rebuild Storm-Damaged Homes.
Even as new technologies offer sophisticated eProcurement, eSourcing and spendmanagementsolutions for corporates, grappling with the adoption of these tools has been a challenge for many organizations, says Alex Yakubovich, CEO of Scout RFP. But, as with any major transformation, this shift hasn’t been easy.
Bottomline Technologies on Thursday (May 2) posted a 12 percent year-over-year gain in subscription and transaction revenue for the payment services provider’s fiscal third quarter 2019, which ended March 31. Those revenues hit $75.5 million, according to Bottomline’s latest financial release. Overall revenue reached $106.4
The following practices tend to be open to companies that have freed up procurement resources by automating other aspects of vendor management. 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.
The power of automation is changing the way we work, and expense management is no exception. This story might sound familiar if you haven’t yet adopted a spendmanagementsolution that includes Visa corporate cards and expense management software. What if she had a company card?
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.
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. The global smart fleet management industry was valued at $290.9
Mastercard ‘s commercial card spendmanagementsolution In Control has been integrated into the accounts payable (AP) automation platform of MineralTree , the companies said in a press release on Thursday (Jan.
Many workers still track their spending by collecting physical receipts, a time-consuming and often frustrating process. The solution uses automatedtechnology to categorize and codify relevant data from these documents in real time, thereby trimming the time employees and expense managers need to sort through them.
As the B2B payments landscape modernizes, the payments technology company is ramping up its innovation efforts to drive further adoption of commercial cards with value-added services. In its most recent initiative, American Express announced the rollout of its accounts payable solution, American Express One AP. Now, with $10.2
Corporate expense management company Certify is stepping into the procure-to-pay arena with the launch of Certify Purchasing, announced Thursday (Jan. The solution, designed for finance professionals, enables automated procurement-related tasks, including requisitions and supplier payments. More than one-third of the 200 U.K.
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. But it’s not the only thing businesses are trying to get rid of when it comes to company spend.
Project managers and construction workers often have to manage their funds, operating budgets and other related expenses themselves, and losing track of any of these components can increase the time to project completion and final costs. A lack of access to spendmanagement tools can add further delays and expenses.
This week’s look at the latest in commercial card innovation explores the latest technology offerings adding new incentives for businesses to make that switch, from cash-back rewards to streamlined employee expense management and faster access to earned revenues. Visa Links With Konfío On SMB Cards. Reports in Pulse2.0
Application program interface (API) technology had a standout year in 2019 as a critical component to enabling the open banking business model, unlocking financial data from silos, as well as facilitating seamless data integration and connectivity, to power a range of financial services platforms. ”
It uses a range of payment solutions to preserve efficient operations, quickly reimbursing workers and fueling its vehicle fleet. Those workers might need to buy additional supplies to finish a job, so the firm issues spendmanagement cards to help crew chiefs more seamlessly make work-related purchases.
This week, Discover announced a new partnership with procure-to-pay firm JAGGAER , whose JAGGAER ONE platform will integrate Discover technologies to enable businesses to make payments to their suppliers using Discover virtual cards and, eventually, other payment methods. Discover Targets Reconciliation Data. Vroozi Pay Eyes Vendor Relations.
Technologies like the cloud, mobile, Big Data, robotics and other innovations are key focuses for businesses across all industries. But compared to high-tech, communications, banking, utilities and retail, post and parcel falls flat. The report highlighted some of the successes of existing post and parcel companies today.
Banks need the technology of FinTech companies, and tech upstarts need the conduit to customers and installed trust that comes with decades of relationships that span generations. The duo will integrate Strand’s business financial management offering and Mastercard’s digital payments technology.
Take a look at how more than $384 million in investments landed across the B2B tech landscape below. Created in the media lab of the Massachusetts Institute of Technology, Eximchain operates a blockchain platform to facilitate supply chain financing via smart contracts and its own token system. Customer Management. Blockchain.
Some FinTechs are targeting small businesses directly with technology to ease card payment and acceptance capabilities. EedenBull Connects Banks To Corporate Card Tech. Plastiq’s new acceptance technology aims to reduce that burden by providing more affordable card payment processing.
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