PYMNTS

JULY 30, 2020

The bots use optical character recognition (OCR), natural language process (NLP), and self-learning functions in “altogether new ways,” the announcement stated. The company’s collection of AI bots for the AP process now include bots for cost allocation, fraud detection, invoice reading and inbox managing.

AP Automation 60

AP Automation Technology accounts payable NetSuite 60

PYMNTS

APRIL 3, 2020

Accounts payable (AP) automation technology presents an obvious benefit to companies of all sizes and industries to boost efficiency and strategize vendor payments. For LockerDome, Lewis explained that one of the most glaring areas of inefficiencies in AP processes is the supplier payment itself. A Payments Balancing Act.

AP Automation 52

AP Automation Technology accounts payable AP Processes 52

MineralTree

MARCH 9, 2023

In this article, we explore the common issues with B2B cross-border payments and the steps companies can take to improve their international AP process. What are B2B Cross-Border Payments? B2B cross-border payments are financial transactions that occur between companies located in different countries.

B2B 74

B2B AP Processes AP Automation Tax 74

PYMNTS

DECEMBER 13, 2020

Procure-to-pay provider B2BE and OnPay , which works in payroll services, are partnering to help clients access B2B payments automation, according to a press release. Shadrach added that the company wanted to add to its AP Automation to make sure that both ends of the AP process are covered.

B2B 75

B2B AP Processes AP Automation payroll 75

PYMNTS

JULY 10, 2020

These slow processes make it difficult for AP professionals to quickly pull up information on payment obligations, and they also present plenty of opportunities for human error. SMBs are more likely than larger firms to have old-school AP methods that cause undue frictions. Cutting Out Inefficiencies.

AP Automation 55

AP Automation Technology AP Processes accounting and finance 55

CPA Practice

AUGUST 14, 2023

At the same time, Accounts Payable (AP) teams need to be able to manage vendor payments with an eye on managing cash positions, maintaining strategic supply relationships, and taking advantage of available payment discounts. AR and AP automation solutions are one way to simplify this process.

Finance 98

Finance AP Automation Technology accounting and finance 98

PYMNTS

MAY 13, 2020

Late payments have always plagued business-to-business (B2B) commerce, but the problem is coming to a new head. This month’s Next-Gen AP Automation Tracker ® examines how AP tools are smoothing B2B transactions and helping companies to better weather the economic downturn. Around The AP Automation World.

AP Automation 79

AP Automation AP Processes Technology accounts payable 79

PYMNTS

OCTOBER 1, 2020

At a high level, said Disque, the embrace of automated accounts payable (AP) processes has been consistent across verticals. CSI, he noted, has insight into a number of industries, where the payment processing platform (focused on integrated payables) aggregates and accepts payments on behalf of a wide range of businesses.

AP Automation 77

AP Automation Technology AP Processes Hospitality 77

CPA Practice

OCTOBER 11, 2023

“As businesses continue to face a number of challenges and pressures, finance teams are being tasked with finding new ways to drive operating efficiencies and get more control over cash flow,” said Brian Greehan, head of B2B Solutions for Global Payments. “In

Finance 59

Finance AP Automation AP Processes Approval Workflows 59

PYMNTS

OCTOBER 29, 2018

Accounts payable (AP) automation certainly has the potential to transform the invoice-to-pay process by allowing employees to turn their attention from monotonous, manual tasks to more value-added ones. Automation and optimization efforts tend to focus on that 20 percent of suppliers, he said.

Technology 73

Technology AP Automation B2B accounts payable 73

PYMNTS

JULY 26, 2018

Perhaps the biggest takeaway from Hyland and Statista ‘s new accounts payable (AP) report is that, frankly, there isn’t much new to be said about AP automation trends at all. ” What that’s led to is a continued rise in investments in automated solutions, without much improvement in process efficiencies.

AP Automation 40

AP Automation Technology accounts payable AP Processes 40

PYMNTS

FEBRUARY 19, 2018

In the B2B realm, the movement to get suppliers paid on time may become a struggle, mired as AP management is in the paper chase of manual effort. In the latest Topic TBD, Chen Amit, CEO of payables automation company Tipalti , told PYMNTS’ Karen Webster that automating the AP process lets management focus on, well, managing. “All

AP Automation 51

AP Automation Technology audit accounts payable 51

PYMNTS

NOVEMBER 16, 2018

Companies with the most digitized AP processes averaged faster invoice payments and processing times, as well as fewer invoice exceptions. These benefits all stem from the ability to automate, and the key to automation, Fiorelli said, is the ability to collect electronic data. .”

AP Automation 63

AP Automation Technology accounts payable AP Processes 63

PYMNTS

APRIL 9, 2020

To help additional middle-market companies automate their accounts payable (AP) processes, MineralTree announced that it has grown its integration abilities, according to a press release. In separate news, OpenText unveiled its new Trading Grid with a rollout that connects ERP with AP, among other systems.

AP Automation 76

AP Automation AP Processes Technology accounts payable 76

PYMNTS

DECEMBER 3, 2020

Today in B2B payments, Visa embraces the USDC digital currency for corporate payments. Plus, Basware enhances its accounts payable (AP) offering, CardUp eases commercial card adoption, Kofax adds new AP features and the Federal Reserve eyes bank lending. Basware Unveils AP Software Tools for 'Power Users'.

B2B 60

B2B accounts payable AP Automation AP Processes 60

PYMNTS

AUGUST 21, 2019

AP automation has been available in one form or another for more than 20 years, said Flynn. But they still need to be processed as a paper invoice.” The changing regulatory environment has also proven to be a tailwind for AP automation. The Compliance Factor.

AP Processes 46

AP Processes AP Automation accounts payable Technology 46

PYMNTS

AUGUST 28, 2019

With the acquisition, existing bank customers of BankTEL will be offered AvidXchange’s invoice-to-pay solutions, including AvidPay and access to the AvidPay Network of B2B suppliers.

AP Processes 59

AP Processes accounts payable Accounts Payable Automation Technology 59

PYMNTS

NOVEMBER 25, 2020

The COVID-19 pandemic is inspiring many businesses to accelerate their shifts to digital transaction methods as workforces operate remotely from home, and many are finding that doing so is helping them overcome traditional business-to-business (B2B) payment frictions. Around The B2B Payments World. Find the story in the Report.

AP Automation 95

AP Automation B2B accounts payable AP Processes 95

PYMNTS

FEBRUARY 24, 2020

In the February Next-Gen AP Automation Tracker , PYMNTS highlights how tech-first firms are finding that managing AP in the cloud offers greater insights into the entire invoice-to-payment-to-reconciliation process, essentially transforming the efficiencies of AP departments. About The Tracker.

AP Automation 89

AP Automation Technology accounts payable AP Processes 89

PYMNTS

NOVEMBER 25, 2019

Many AP professionals who are holding out on investing in automation are unsure of what kind of return on investment (ROI) these services can offer. Around The Next-Gen AP Automation World. More efficient access to data and analytics is among the potential benefits that automation promises. About The Tracker.

AP Automation 70

AP Automation Technology accounts payable AP Processes 70

PYMNTS

NOVEMBER 17, 2020

Cambridge Global Payments , a FLEETCOR firm, and Beanworks Solutions are continuing their collaboration to bring together solutions and offer a full accounts payable (AP) offering to clients, which can streamline their payable workflow spanning between buying and payment for firms that have international business, according to a Tuesday (Nov.

AP Automation 84

AP Automation accounts payable AP Processes Technology 84

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

JULY 31, 2020

The pandemic and subsequent economic downturn have driven B2B payment pains to a new level. Such concerns could inspire companies to rely more heavily on virtual credit card payments and adopt cloud-based and automated AR and AP tools. Around The B2B Payments Space. Download the Report to get the full story.

AP Processes 60

AP Processes AP Automation B2B accounts payable 60

PYMNTS

JANUARY 30, 2020

These 16-digit credit card numbers are created for one-time purchases at set amounts, and the convenience, security and speed they provide are allowing them to take hold in the B2B payments space. The following Deep Dive explores how virtual cards benefit B2B payments, especially among smaller firms, which have limited resources.

B2B 71

B2B accounts payable AP Processes Education 71

MineralTree

FEBRUARY 29, 2024

Efficient digital payments are critical for accounts payable (AP) teams to streamline the AP process and maintain strong relationships with vendors. However, managing payments through QuickBooks alone involves resource-intensive manual processes and limits teams’ ability to handle diverse invoice types.

AP Automation 52

AP Automation quickbooks Technology AP Processes 52

PYMNTS

APRIL 24, 2020

B2B FinTech investments appear to be relatively strong, too. In France, Libeo , which offers invoice processing automation technologies for small businesses in need of accounts payable optimization, secured $4.32 . “We haven’t seen a substantial pullback yet within the U.S. million in new funding.

B2B 77

B2B accounts payable Technology AP Processes 77

PYMNTS

MARCH 19, 2020

Such technology can also help companies keep up with competitors by eliminating frictions throughout the AP process involving onboarding vendors and tracking payments. “We Businesses must be able to understand these variations when they begin onboarding, he added, so Sage Intacct has also built automation into its onboarding solutions.

Technology 52

Technology AP Automation AP Processes accounts payable 52

PYMNTS

NOVEMBER 21, 2018

With pressure mounting for the enterprise to digitize, accounts payable automation is seen as a crucial part of achieving greater efficiency, cost savings, visibility into spend and strengthening of vendor relationships, to name a few benefits. But going it alone can quickly overwhelm a business. “It’s born digital.

Technology 63

Technology AP Automation accounts payable Accounts Payable Automation 63

PYMNTS

DECEMBER 17, 2018

14) that it is introducing an invoice automation feature. The company said its Kodak Services for Business will include invoice automation as the company pushes for further accounts payable (AP) automation capability.

accounts payable 49

accounts payable Technology AP Automation Account 49

PYMNTS

MARCH 21, 2019

For many companies, the accounts payable (AP) process is mired in paper, but technology, properly deployed, can cut down the paper chase, streamlining the journey between getting invoices and paying them. This generation will not accept using ‘old looking’ B2B software,” he said.

Technology 48

Technology AP Automation accounts payable AP Processes 48

PYMNTS

MAY 12, 2020

” Kavas continued, “With more than half of invoices still processed manually and taking on average 8.5 days, AP processing is ripe for innovation.” Basware said at the time that its new AP Pro has a new user interface and additional advanced options.

accounts payable 68

accounts payable AP Automation AP Processes Technology 68

PYMNTS

FEBRUARY 14, 2019

The deal expands Esker’s reach across the Asia Pacific region and broadens its existing partnership with Fuji Xerox that links businesses in New Zealand across the construction, retail, business and education sectors with AP automation tools.

accounts payable 43

accounts payable AP Automation Technology Account 43

PYMNTS

JUNE 22, 2020

AP practices that require processing paper invoices from vendors and mailing out checks force employees to work from their offices, putting their health — and their satisfaction with their employers — at risk. Companies may even have been unable to access their AP processes until they could adopt safer methods.

AP Processes 56

AP Processes AP Automation Technology accounts payable 56

PYMNTS

JUNE 2, 2020

To provide non-touch invoice processing and support remote work, SoftCo rolled out its SoftCo ExpressAP accounts payable (AP) automation technology. It notes, “being part of the SoftCo ecosystem of smart automation solutions means there is a seamless upgrade path as organizations grow or need to add functionality.”.

Technology 52

Technology accounts payable AP Automation AP Processes 52

PYMNTS

FEBRUARY 24, 2016

“While AP and finance managers are more inclined to care about AP-specific factors, such as process efficiency and error reduction, the C-suite has a broader vantage point that puts a premium on strategy and oversight on an organization-wide level,” the report notes. There are also fears of security and data sensitivity.

AP Automation 40

AP Automation AP Processes accounts payable Technology 40

PYMNTS

APRIL 20, 2016

Nvoicepay is launching new capabilities to ease friction in global B2B payments, the company revealed Tuesday (April 19). The enterprise payments solution firm revealed Nvoicepay AP Global, a cross-border payments solution for the accounts payable department.

B2B 40

B2B accounts payable AP Processes Account 40

PYMNTS

JUNE 16, 2016

Lost and missing invoices were surprisingly low on the list, cited by just 7 percent of those surveyed as the most frustrating aspect of the accounts payable process. “I hate it when invoices do not make it to AP for payment, then getting blamed when vendors get angry for nonpayment,” said one AP professional in the report.

AP Automation 41

AP Automation accounts payable AP Processes Accounts Payable Automation 41