CPA Practice

OCTOBER 3, 2023

Accounts Payable automation and B2B payments represent a massive and largely unpenetrated market. This latest funding round takes the total amount raised by the company to over $148 million. Put simply, every business has to pay bills, which means every business has an accounts payable function.

AP Automation 59

AP Automation Technology Accounts Payable Automation accounts payable 59

PYMNTS

JUNE 24, 2020

To help project managers and administrators save time, Centsoft has unveiled an accounts payable (AP) automation technology for firms in the construction industry. The news comes as B2B FinTech firms continue embracing teamwork and information connections.

AP Automation 75

AP Automation Construction Technology NetSuite 75

PYMNTS

AUGUST 17, 2020

The CFO’s Guide To Digitizing B2B Payments , done in collaboration with Comdata , explores and unpacks the dilemma facing chief financial officers as their accounting teams establish new work routines, often improvised. And operations still using manual accounts payable (AP) methods are really rethinking things. “A

AP Automation 61

AP Automation Technology accounts payable AP Processes 61

PYMNTS

JANUARY 30, 2019

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.

AP Automation 62

AP Automation Technology Accounts Payable Automation accounts payable 62

PYMNTS

FEBRUARY 28, 2020

As B2B FinTech firms continue working to break down silos, and ease the numerous friction points of the B2B payments process for both buyer and seller, the opportunities for data integration are vast. B2B payments market. Going Further With Open Banking. “In addition to card and ACH/wire requirements, the U.S.

AP Automation 83

AP Automation accounts payable B2B quickbooks 83

PYMNTS

DECEMBER 27, 2019

In the latest Next-Gen AP Automation Tracker , PYMNTS examines the way that B2B payment needs are shifting, and how firms are responding to these needs with innovative technologies and products. Across The AP Automation Space. The use of checks is still hanging on, hampering AP innovation for many firms.

AP Automation 52

AP Automation Technology accounts payable B2B 52

PYMNTS

DECEMBER 31, 2019

The PYMNTS December 2019 Next-Gen AP Automation Tracker details explosive innovation in real-time payments for business, driven in no small part by accounts payable (AP) professionals. That’s no optimistic, dawn-of-the-decade prediction – it’s happening fast, and that’s the whole point. Digitize to Actualize.

AP Automation 54

AP Automation Technology accounts payable B2B 54

PYMNTS

AUGUST 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. In June, Centsoft introduced AP automation for companies in the construction sector.

AP Automation 69

AP Automation Construction Technology accounts payable 69

PYMNTS

JANUARY 31, 2021

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.

AP Automation 67

AP Automation Technology Accounts Payable Automation accounts payable 67

PYMNTS

JULY 23, 2020

All of it will help companies continue a longer-term digital transformation using the upgraded AP automation and lower costs of ownership. Dmitriy Lerman , director of AP Product Management for GEP, said the idea is to offer something affordable as a way to transition to digital business.

AP Automation 56

AP Automation Technology accounts payable B2B 56

PYMNTS

JUNE 8, 2020

” Some of the most positive effects of AP automation will also be felt further down the supply chain across organizations’ vendor bases. Rather, AP automation can present a business with the visibility and capability of deciding when to pay.

AP Automation 60

AP Automation Technology accounts payable Account 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

PYMNTS

JULY 30, 2020

In separate news, Regal Software launched its RegalPay B2B payments software in July to allow financial institutions (FIs) and issuers to offer their corporate customers an automated AP technology that carries their own branding.

AP Automation 60

AP Automation Technology accounts payable NetSuite 60

PYMNTS

MAY 23, 2019

The B2B space is ripe for transformation, where outdated payment processes mark accounts payable (AP), and where technology can make all the difference as corporates choose their banking partners to satisfy their payment needs.

AP Automation 76

AP Automation Technology accounts payable accounting and finance 76

PYMNTS

DECEMBER 30, 2019

Businesses may believe they need to spend money to make money, but many are spending more than necessary to keep their accounts payable (AP) departments running. firms make and receive B2B payments, even though more cost-efficient digital payment options have become available. AP automation can help.

AP Automation 52

AP Automation Technology accounts payable B2B 52

PYMNTS

JULY 16, 2020

To let financial institutions (FIs) and issuers provide an automated accounts payable (AP) solution with their own branding to their corporate customers, Regal Software has rolled out its RegalPay B2B payments software, according to an announcement.

AP Automation 57

AP Automation Technology accounts payable accounting and finance 57

PYMNTS

FEBRUARY 7, 2019

.’s struggles with late supplier payments post a key challenge to the overall economy, making the market “ripe for accessible AP automation.” ” The launch comes as AP automation grows increasingly in-demand among corporate finance professionals.

AP Automation 49

AP Automation Technology Accounts Payable Automation accounts payable 49

PYMNTS

OCTOBER 9, 2019

The convergence of accounts payable and accounts receivable has led many in the AP automation industry to begin turning their attention to the supplier. The conversation to be had is, ‘Your supplier is accepting other means of more viable and more automated payment options from other providers,’” she said.

AP Automation 51

AP Automation Technology accounts payable B2B 51

PYMNTS

JUNE 9, 2020

Now that businesses have had time to consider their AP automation strategies, Anderson offered insight into what middle-market and large enterprises need to consider to ease the pain of change without hampering their modernization inertia. Preserving The Bank Relationship. Finding The Right Fit. “Change is always a challenge.

AP Automation 53

AP Automation accounts payable Account accountant 53

CPA Practice

DECEMBER 17, 2023

AP automation is a key strategy for many finance leaders In the survey, finance leaders ranked AP automation as their top digitization priority in the back office—ahead of Accounts Receivable (AR), expense management, close management, and forecasting. 63% are making faster, more timely payments.

AP Automation 132

AP Automation Finance AP Processes Approval Workflows 132

MineralTree

FEBRUARY 2, 2023

In 2023, most B2B payment technology trends will focus on navigating economic uncertainty, cultivating talent, optimizing efficiencies, and embracing digitization. For example, AP teams spend hours each week on the expensive and time consuming tasks of invoice approval routing and payment processing.

Technology 64

Technology B2B AP Automation Finance 64

PYMNTS

FEBRUARY 25, 2020

AP automation solutions integrated with ERP software can provide myriad benefits, but businesses and professionals may be hesitant to adopt them simply because they cannot picture a non-legacy AP system. Making Change a Community Effort.

AP Automation 61

AP Automation Technology accounts payable Education 61

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 23, 2019

India-based accounts payable automation company Finly has announced new funding as it plans to expand its B2B product offering, reports in YourStory said Monday (Dec. Veekshith Rai, Finly chief operating officer and co-founder described Finly’s strategy to differentiate itself in India’s growing B2B FinTech market.

AP Automation 52

AP Automation Technology Accounts Payable Automation accounts payable 52

PYMNTS

JANUARY 17, 2020

Accounts payable (AP) automation technology has hit the ground running, with solutions designed to accelerate invoice processing, optimize payment strategies and promote digital adoption. “Buyers and sellers in the B2B world, they do not share interests, many times,” he said. “SMBs don’t have departments.

B2B 61

B2B AP Automation Technology accounts payable 61

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

DECEMBER 1, 2020

Businesses also may find paper checks to be untenably slow and cumbersome to issue or receive from far-flung partners, and such trends are causing a growing global momentum for adopting swifter, more streamlined accounts payable (AP) tools and business-to-business (B2B) payment methods. Alibaba On Digitizing Cross-Border B2B Payments.

B2B 87

B2B AP Automation Technology accounts payable 87

PYMNTS

OCTOBER 1, 2020

Looking ahead, Disque and Patel said that though 2021 may prove to be a tough year (especially for the economy at large), the stage is set for an even greater embrace of AP automation.

AP Automation 77

AP Automation Technology AP Processes Hospitality 77

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

JANUARY 7, 2021

has rolled out B2B payments optimization offerings on its platform. The launch of the company’s payment functions will address ongoing corporate payment processing hurdles with process automation software and payment services that harness artificial intelligence (AI) and advanced machine learning (ML), according to an announcement.

B2B 69

B2B AP Automation accounts payable Account 69

CPA Practice

NOVEMBER 14, 2023

And with QuickBooks’ integrated AP automation capabilities, small businesses save valuable time with manual entry reduced by 48%¹. Go paperless and stay tax ready: Keep digital records of bills and payments in one place, rather than across multiple platforms, spreadsheets, or folders.

quickbooks 111

quickbooks AP Automation Accounts Payable Automation Approval Workflows 111

PYMNTS

JULY 10, 2020

Legacy AP processes are often a drain on businesses’ budgets, as these manual methods cost employees time and create opportunities for human error. Sixty-five percent of SMBs in one report said a key B2B payment friction their treasury departments experienced was that “manual payment generation workflows are error-prone and time-consuming.”

AP Automation 55

AP Automation Technology AP Processes accounting and finance 55

PYMNTS

OCTOBER 18, 2017

Consider the fact that payroll automation is done by 49 percent of companies, and that only 37 percent of U.S. businesses automate employee expense management. What’s behind the yawning chasm, then, where AP automation gets such short shrift? Frustration or complacency? Perhaps a bit of both. From 7 percent to … where?

AP Automation 49

AP Automation Technology accounts payable Minnesota 49

MineralTree

JUNE 1, 2023

How AP Automation Improves QuickBooks As mentioned earlier, QuickBooks is considered a great accounting software for small to mid-sized businesses. However, the standard format of QuickBooks AP can be quite manual and time-consuming. Make AP More Efficient Lastly, AP automation tools reduce the overall time spent on AP tasks.

accounts payable 75

accounts payable quickbooks AP Automation AP Processes 75

PYMNTS

DECEMBER 9, 2020

Bill.com and Wells Fargo are partnering on a new feature called Bill Manager to help small- to medium-sized businesses (SMBs) access automation for the accounts payable (AP) and accounts receivable (AR) process, according to a press release emailed to PYMNTS.

AP Automation 113

AP Automation accounts payable accounting software Account 113

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

DECEMBER 2, 2020

There’s an imbalance in B2B payments — between buyers and suppliers, and between automation on one side of the cash flow equation and manual, paper-based processes on the other. Aquilina said that’s partly because historically, B2B payments innovation efforts — especially via FinTechs — have focused on buyers.

B2B 79

B2B Technology AP Automation accounts payable 79