PYMNTS

AUGUST 8, 2019

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. Which will come out on top?

accounts payable 57

accounts payable Account accountant accounted 57

PYMNTS

DECEMBER 4, 2019

Accounts payable FinTech Finexio has announced $2.5 billion in B2B payments to more than 35,000 suppliers each year. In August, Finexio also launched a payment processing collaboration with Payscout to streamline accounts payable and accounts receivable for joint customers.

accounts payable 52

accounts payable Technology Account accountant 52

PYMNTS

APRIL 8, 2020

With a launch that links enterprise resource planning (ERP) with accounts payable, among other systems, OpenText debuted its new OpenText™ Trading Grid™ The rollout brings together multi-enterprise cloud integration capabilities with data visualization and microservices architecture, according to an announcement.

accounts payable 72

accounts payable Account accountant accounted 72

PYMNTS

JULY 22, 2020

While other departments may have abandoned manual, paper-based strategies years ago, accounts payable (AP) and finance departments held their ground on practices that seem to have changed little since the 1970s. For years, there has been a quiet shift in the B2B payments space. where they account for 75 percent of all invoices.

Accounts Payable Automation 60

Accounts Payable Automation accounts payable Technology Account 60

PYMNTS

JULY 3, 2020

Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. “Companies are increasingly looking to more efficiently manage the accounts payable process,” he said.

accounts payable 85

accounts payable Account accountant accounted 85

PYMNTS

DECEMBER 3, 2020

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. That, according to Kofax, shows a focus among business leaders on using more automation to boost operational efficiency, according to the release.

accounts payable 69

accounts payable Account accountant accounted 69

PYMNTS

JUNE 12, 2019

Among these new services, the top focus is real-time payments (55 percent), followed by same-day ACH (44 percent) and blockchain-based networks (35 percent), according to Bottomline Technologies’ 2019 B2B Payments Survey. They understand the payments space, they understand the settlement systems, they understand accounts payable,” he said.

accounts payable 62

accounts payable Account accountant accounted 62

PYMNTS

JULY 3, 2019

Cost containment solution provider Palmarius Advisors is rolling out an accounts payable (AP) automation solution designed to generate revenue and enhance spend control for corporate users. The company did not reveal details on how it mitigates accounts payable fraud or introduces business users to a new revenue stream with its tool.

accounts payable 40

accounts payable AP Automation Account accountant 40

PYMNTS

JULY 11, 2019

Accounts payable can be a contradiction showcasing the frustratingly slow pace of B2B payments digitization. In PYMNTS’ Payables Friction Playbook , “Why Firms Are Ready For An AP Upgrade,” a collaboration with Corcentric , paper checks came out on top as the most widely used payment tool by accounts payable (AP) departments.

accounts payable 49

accounts payable Account accountant accounted 49

PYMNTS

NOVEMBER 15, 2018

B2B FinTech solution providers are currently working on reducing the friction associated with implementing their solutions into enterprise back offices. One of the biggest hurdles in B2B FinTech adoption and digital transformation is convincing the higher-ups that such investments are necessary.

accounts payable 63

accounts payable AP Automation AP Processes Technology 63

PYMNTS

MARCH 18, 2020

Employing accounts payable (AP) automation solutions can help smooth onboarding and streamline the data collection and analyzing processes, removing the many friction points that are prone to legacy systems. How a business begins a relationship with a supplier can determine how lasting — and profitable — that bond becomes.

accounts payable 66

accounts payable AP Automation Technology Account 66

Insightful Accountant

JULY 10, 2023

New Invoiced A/P solution automates all aspects of payments, reporting and approvals, making it easier than ever for businesses to make payments on time.

accounts payable 40

accounts payable B2B Account accountant 40

PYMNTS

MARCH 28, 2019

Xerox is strengthening its position in the accounts payable services space with a new suite of business solutions. The company announced Wednesday (March 27) that it is rolling out a services portfolio that includes several industry-specific B2B services and five horizontal services all designed to promote enterprise digitization.

accounts payable 43

accounts payable Account accountant accounted 43

PYMNTS

NOVEMBER 1, 2018

Accounts payable (AP) solution provider Yooz has struck a strategic partnership with SnapCheck to address the friction of companies paying suppliers by check. In a previous conversation with PYMNTS, SnapCheck’s Kruszka noted that the largest advantage paper checks have in B2B payments is that they’re “universal.”

accounts payable 53

accounts payable Account accountant accounted 53

PYMNTS

NOVEMBER 3, 2020

Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Plus, Everlink strikes a partnership for real-time B2B payments. Everlink, FINTAINIUM Team Up To Offer Real-Time B2B, B2C Payments. Palette Software Integrates With Aptean ERP For B2B AP Automation.

B2B 88

B2B AP Automation accounts payable B2C 88

PYMNTS

OCTOBER 5, 2016

Today, accounts payable firm MineralTree announced a collaboration with Visa with a goal of helping corporates pay their suppliers by virtual card. “The vast majority of B2B suppliers don’t accept cards.” We don’t have a way to properly monitor account information or to properly exchange information.

accounts payable 73

accounts payable Account accountant accounted 73

PYMNTS

DECEMBER 28, 2020

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. But accounts payable is far from the only back-office financial workflow at risk of fraud. While current fraud tools are helpful, there is no systemic or automated option for accomplishing this," Nacha warned.

B2B 116

B2B accounts payable AP Processes accounting and finance 116

Accounting Insight

JANUARY 8, 2024

To help this collaboration, businesses should take steps such as implementing AI and automation tools to detect any suspicious activities or anomalies within the Accounts Payable (AP) process. Eventually B2B will be aligned with B2C, offering seamless payment experiences such as text-to-pay.

accounts payable 105

accounts payable B2C Technology accounting and finance 105

PYMNTS

JULY 14, 2020

American Express has launched a new automated accounts payable solution, American Express One AP, to help businesses digitize B2B payment processing, according to a press release.

Technology 101

Technology B2B accounts payable Account 101

PYMNTS

DECEMBER 17, 2018

The company said its Kodak Services for Business will include invoice automation as the company pushes for further accounts payable (AP) automation capability. Automation is on the rise in accounts payable, as AP professionals seek ways to reduce manual processes and instead focus on more strategic initiatives.

accounts payable 49

accounts payable Technology AP Automation Account 49

PYMNTS

DECEMBER 29, 2020

Although it occurred under dire circumstances, 2020 was the year that many organizations finally ditched the paper check in B2B payments — or, at the very least, helped to move the needle toward electronic payments. B2B payments are messier than B2C payments," said Chanda. Empowering Finance Professionals.

Technology 114

Technology B2B accounts payable accounting and finance 114

PYMNTS

MARCH 21, 2019

Zion Market Research released a report about the accounts payable software market on Wednesday (March 20), estimating the market will reach about $1,567 million by 2025, according to a release by the company. The global accounts payable software market is segmented on the basis of type and application.

accounts payable 52

accounts payable Account accountant accounted 52

PYMNTS

SEPTEMBER 29, 2020

Separately, research finds B2B payments as the key driver behind surging instant payments volume in the years ahead. The first company it's working with is Wirex, which provides a crypto-friendly currency account and enables cross-border payments via Visa card. B2B Payments To Drive Instant Payments Adoption.

B2B 129

B2B B2C accounts payable accounting and finance 129

PYMNTS

MARCH 31, 2020

To make the complete payables process smarter, global payables automation company Tipalti unveiled its Tipalti Pi integrated payables intelligence engine, according to a press release. The solution identifies fraud and risk, bolsters decision making, automates manual work and eliminates accounts payable (AP) process errors.

accounts payable 53

accounts payable general ledger AP Processes Account 53

PYMNTS

AUGUST 30, 2017

American Express is continuing its ongoing efforts to encourage businesses to pay suppliers with commercial cards in its latest accounts payable partnership. This integration allows companies to electronically pay suppliers right from their accounting software in RegalPay, simplifying and streamlining their B2B payments process.”.

accounts payable 43

accounts payable Account accountant accounted 43

PYMNTS

MAY 2, 2018

With so many payment rails – and with buyers and suppliers in so many different places on their digital transformation journeys – how can a company’s accounts payable department ensure that vendor relationships remain strong, while navigating differing payment needs? The solution is going to optimize payment methods.

accounts payable 46

accounts payable Account accountant accounted 46

PYMNTS

OCTOBER 30, 2019

The artificial intelligence-based accounts payable company Stampli has raised $25 million in a Series B funding round, the company announced Wednesday (Oct. The round was led by SignalFire, and Hillsven Capital, Bloomberg Beta and NextWorld Capital participated in the round. So far, the company has raised $32 million.

accounts payable 50

accounts payable Account accountant accounted 50

PYMNTS

JULY 3, 2018

New research suggests a vast divide between businesses that have embraced technology and electronic processes in the accounts payable department and businesses that instead prefer to retain those paper invoices and checks. While the gap is wide, researchers noted overall improvement in the perception of the accounts payable department.

accounts payable 41

accounts payable Technology Account accountant 41

PYMNTS

DECEMBER 9, 2020

The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations. It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market.

B2C 118

B2C B2B Technology accounts payable 118

PYMNTS

DECEMBER 29, 2020

The B2B payments landscape has always been evolving, but change in the industry has never been more acute than right now. But the challenge of igniting B2B payments innovation may not be as arduous as many chief financial officers (CFOs) and others believe, said Josh Cyphers , president of Nvoicepay , a FLEETCOR company alongside Comdata.

B2B 82

B2B accounts payable accounting and finance Finance 82

PYMNTS

JANUARY 29, 2019

Straight-through processing (STP) is the gold standard for accounts payable (AP) departments. Points of friction associated with manual processes account for the largest pain points of AP departments, according to a recent survey from IDT.

accounts payable 64

accounts payable Technology Account accountant 64

PYMNTS

AUGUST 12, 2019

In a press release last week, Compeat said Compeat Pay automates vendor payments by using virtual cards, ACH and check payments to enhance the security of accounts payable. Our internal accounting team was so excited about the new payments solution that we now use it to pay our vendors,” he said.

accounts payable 43

accounts payable Account accountant accounted 43

PYMNTS

NOVEMBER 14, 2018

Kodak Services for Business is introducing a new accounts payable solution, the result of a collaboration with business process automation software firm CoreIntegrator. Once approved, A/P One creates a batch file that is sent to accounting systems to trigger vendor payment. The companies announced on Tuesday (Nov.

accounts payable 43

accounts payable Accounts Payable Automation AP Automation Account 43

PYMNTS

SEPTEMBER 17, 2019

SMBs using the WePay platform can now see funds deposited into their Chase bank accounts the same day without extra fees, a feature resulting from JPMorgan ’s acquisition of WePay in late-2017. JPMorgan Chase announced a collaboration with WePay last week to enable faster deposits for small business joint customers.

accounts payable 43

accounts payable B2B Account accountant 43

PYMNTS

FEBRUARY 14, 2019

Cloud-based accounts payable solution provider Esker is teaming up with document services unit Fuji Xerox to deploy accounts payable solutions across the Asia Pacific region, the companies announced on Wednesday (Feb. Moving forward the firms will expand the offering to Australia, Hong Kong and Singapore.

accounts payable 43

accounts payable AP Automation Technology Account 43

PYMNTS

APRIL 17, 2020

Smooth accounts payable (AP) processes are critical in the spice business, in which purveyors must send funds securely to vast numbers of distributors and growers worldwide. … We don’t write it down even, [but] it’s all in our accounts payable [system],”. That’s why we have all the accountabilities we have.”.

accounts payable 60

accounts payable Account accountant accounted 60

PYMNTS

NOVEMBER 18, 2020

New Jersey-based invoice-to-cash platform Billtrust has upgraded the machine learning (ML) capabilities of its business-to-business (B2B) cash application software, the company announced Wednesday (Nov. The goal is to quickly convert payments to cash. The goal is to quickly convert payments to cash.

B2B 102

B2B New Jersey accounts payable accounting and finance 102