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6 Accounts Payable Automation Trends To Watch in 2023

MineralTree

Why AP Automation is Key to a Strong Year Most finance predictions for 2023 focus on business process improvements and cost savings, as opposed to ground-breaking new innovations. 6 AP Automation Trends for 2023 Preparing for trends in Accounts Payable (AP) can help teams build resilience and brace for a recession.

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AP Automation Company Stampli Nets $61M in VC Funding

CPA Practice

Stampli , a provider of AI-powered accounts payable automation, today announced that it has raised $61 million in a Series D venture funding round led by funds managed by Blackstone, with the participation of existing investors Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital.

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REPAY Acquires cPayPlus To Boost AP Automation

PYMNTS

acquired accounts-payable automation system cPayPlus LLC for up to $16 million, the buyer announced Thursday. The competition typically focuses on either accounts receivable or (accounts payable). Payment systems provider REPAY Holdings Corp. REPAY says it handled $3.8 million on revenue of $39.5

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OnPay, CapX Partner On AP Automation

PYMNTS

OnPay Solutions , which works in accounts payable (AP) automation, has struck a partnership with business innovation intelligence platform CapX to offer new supplier payment automation for clients, according to a press release.

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Why 85 Pct Of Companies Want AP Automation

PYMNTS

Most companies — especially those prone to payments innovation — believe automating their B2B operations can provide a host of benefits. In fact, 84 percent of them said B2B automation can reduce errors, 81 percent said it can reduce their costs and 70 percent said it can reduce the drain on employee resources, to name just a few.

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More CFOs Managing WFH With AP Automation

PYMNTS

Accounting departments, for example, suddenly had employees accessing highly sensitive data remotely via home Wi-Fi, without the data security extant in office-based accounting as we’ve long known it. And operations still using manual accounts payable (AP) methods are really rethinking things. “A

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Embracing Accounts Payable Automation: The Paper Vaccine

PYMNTS

For years, there has been a quiet shift in the B2B payments space. Paper checks — once dominant in all areas of commerce, now extinct for most consumers — have slowly lost ground, slipping to a meager, yet still surprising, 42 percent of all B2B payment types in 2019. The race for automation in all areas of business is now underway.