PYMNTS

DECEMBER 15, 2020

Buyers, too, are eager for change and need to adopt accounts payable (AP) methods that are easily managed by employees working from home. Frictions like these are pushing more businesses to rethink their legacy approaches to business-to-business (B2B) payments and adopting various digital options for sending money.

Healthcare 107

Healthcare B2B Technology accounts payable 107

PYMNTS

AUGUST 28, 2019

Accounts payable automation company AvidXchange is strengthening its position in the banking and financial services sector through the acquisition of BankTEL, the company said Tuesday (Aug. AvidXchange has reached an agreement to acquire BankTEL Systems, which provides accounting technology to banks.

AP Processes 59

AP Processes accounts payable Accounts Payable Automation Technology 59

PYMNTS

DECEMBER 28, 2020

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. Further, Nacha said, the survey revealed AP professionals are facing increasing fraud attempts that target AP processes specifically. In another case, the Bank of Ireland intercepted a $1.34

B2B 116

B2B accounts payable AP Processes accounting and finance 116

CPA Practice

DECEMBER 17, 2023

Accounts Payable (AP), in particular, has become ground zero as liquidity and cash flow become even more indispensable. 52% of AP teams plan to adopt or invest more in automation this year, seeing the opportunity to increase productivity, better manage cash flow and reduce risk, among other benefits.

AP Automation 132

AP Automation Finance AP Processes Approval Workflows 132

PYMNTS

NOVEMBER 5, 2020

Many corporate buyers are finding that using paper checks increases their accounts payable (AP) expenses unnecessarily as well, and vendors often want to get paid faster than checks allow. These strains are prompting more construction firms to turn to faster, digital means of conducting their B2B transactions. About The Report.

B2B 64

B2B AP Processes Construction accounts payable 64

PYMNTS

FEBRUARY 10, 2020

FinTech firm Fiserv is partnering with software company SAP to help worldwide B2B companies streamline payments and improve working capital, Fiserv announced on Monday (Feb. ” SnapPay handles the accounts receivable (AR) and accounts payable (AP) processes of large and mid-sized companies.

B2B 67

B2B accounts payable AP Processes B2C 67

PYMNTS

NOVEMBER 27, 2020

The B2B payments world is changing fast due to both the increased adoption of digital payment methods over the past several years and the economic upheaval brought on by the COVID-19 pandemic. Approximately $25 trillion in payments flows between American businesses annually, and B2B payments total $120 trillion globally.

B2B 95

B2B Technology AP Processes Account 95

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

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

DECEMBER 11, 2019

For years, any attention given to solving B2B payments friction was typically focused on the payer. Yet, as innovators have chip away at friction points, they have recognized the value of incorporating a supplier’s accounts receivable (AR) experience into their solutions. “The person receiving it is just happy to get paid.”

B2B 53

B2B accounts payable AP Processes Construction 53

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. Kofax Adds New AI Features for Accounts Payable.

B2B 60

B2B accounts payable AP Automation AP Processes 60

CPA Practice

DECEMBER 11, 2023

Accounts Payable (AP), in particular, has become ground zero as liquidity and cash flow become even more indispensable. It will also leverage key findings from the recent MineralTree survey of over 1,000 professionals involved in B2B payments at businesses in North America.

Finance 59

Finance AP Processes Technology accounts payable 59

PYMNTS

APRIL 24, 2020

B2B FinTech investments appear to be relatively strong, too. Plus, an accounts payable technology company announced a $127 million equity round. In France, Libeo , which offers invoice processing automation technologies for small businesses in need of accounts payable optimization, secured $4.32 KarbonCard. AvidXchange.

B2B 77

B2B accounts payable Technology AP Processes 77

PYMNTS

NOVEMBER 26, 2020

Business-to-business (B2B) payment practices are undergoing some of the most notable shifts as corporate buyers and sellers seek new transaction methods and tools to help them pay and be paid quickly. Digitizing AP Processes. Ripple Effects: AR Modernization.

B2B 67

B2B Technology accounts payable AP Processes 67

PYMNTS

SEPTEMBER 26, 2019

This week, Fundbox, a B2B payments startup attempting to fix the “net terms” economy, raised $176 million in equity, a sign that changing the invoice settlement system presents a big opportunity. Most firms would agree that paper checks aren’t ideal for B2B payments. trillion problem.

AP Processes 50

AP Processes Technology AP Automation B2B 50

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

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

NOVEMBER 2, 2020

Palette Software has connected its accounts payable (AP) automation cloud technology with Aptean ERP , according to a Monday (Nov. The connection will let firms that have invested in Aptean digitize their AP processes with Palette's offering. 2) announcement.

AP Automation 56

AP Automation Technology Approval Workflows AP Processes 56

PYMNTS

JANUARY 15, 2021

Accounts payable (AP) and accounts receivable (AR) personnel could no longer be in the office to handle paper, giving rise to the discussion of migrating away from physical invoices and other documents in favor of digital, automated solutions. The Platform Approach.

B2B 73

B2B accounting and finance AP Processes Technology 73

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. However, AP automation remains, in many cases, incomplete.

Technology 73

Technology AP Automation B2B accounts payable 73

PYMNTS

SEPTEMBER 26, 2018

For years, B2B FinTech players have pressed businesses to adopt electronic payments. With adoption rates now rising, accounts payable (AP) departments have improved their positions within the enterprise as strategic functions, with the potential to offer greater insight into company operations. less to process a single invoice.

accounts payable 64

accounts payable Account accountant accounted 64

PYMNTS

NOVEMBER 3, 2020

Many businesses are therefore considering digitizing their B2B payment operations to gain more detailed insights into their payments’ statuses and help their employees settle into their remote roles. Paper checks are still thriving in the B2B payments space, and companies spend approximately $9 billion a year to process these payments.

B2B 64

B2B AP Processes accounts payable Account 64

CPA Practice

AUGUST 14, 2023

Accounts Receivable (AR) processes need to encourage on-time customer payments to optimize cash flow and enable businesses to take advantage of opportunities that emerge. This fact also makes it difficult for anyone looking to attract and retain accounting and finance professionals.

Finance 98

Finance AP Automation Technology accounting and finance 98

PYMNTS

APRIL 28, 2020

Moving from paper to digital has evolved for business-to-consumer (B2C) payments in recent years, but upgrading business-to-business (B2B) payments has taken longer. There are more tools available than ever to help SMBs move their accounts payable (AP) and accounts receivable (AR) processes forward to become more efficient.

B2C 94

B2C AP Processes B2B accounts payable 94

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

DECEMBER 16, 2020

Visa and the UAE's First Abu Dhabi Bank (FAB) are partnering to introduce virtual corporate cards to the financial institution's business clients to accelerate and automate B2B payments. Tipalti Enhances Corporate Card Adoption In AP. Paynetics, Unionpay International Collaborate For Business Cards.

Expense Management 114

Expense Management Technology accounts payable AP Processes 114

PYMNTS

APRIL 29, 2020

Checks will continue being fixtures in B2B payments so long as they work well for both retailers and suppliers, yet businesses are also examining how digital technologies could be used alongside them to increase supply chain efficiency. They must therefore examine new B2B payment technologies with more caution. “On

B2B 52

B2B accounts payable Arkansas AP Processes 52

PYMNTS

DECEMBER 15, 2020

Considering the complexities of B2B transactions , cash is not a sustainable method of moving funds from a retail buyer to a cannabis brand distributor or wholesaler. But there are other pain points in B2B payments for the legal cannabis market, according to Doug Gordon , executive vice president and head of LeafLink Financial.

Legal 111

Legal B2B AP Processes accounts payable 111

PYMNTS

AUGUST 21, 2019

The drive to eliminate paper in the accounts payable process, to cut the steps that lead to inefficiencies, continues to get a boost from technology.

AP Processes 46

AP Processes AP Automation accounts payable Technology 46

PYMNTS

MAY 13, 2020

Late payments have always plagued business-to-business (B2B) commerce, but the problem is coming to a new head. Accounts payable (AP) tools that provide quick, detailed oversights of businesses’ financial statuses and payments obligations can help pick up the pace of payments by keeping invoice approval processes on track.

AP Automation 79

AP Automation AP Processes Technology accounts payable 79

PYMNTS

MARCH 10, 2020

As more technology emerges to sit between a company’s accounts payable (AP) platform and its vendor’s accounts receivable (AR) portal, service providers are looking to ease friction in a multitude of ways, from accelerating payments and cash flows to easing contract negotiations. Crowdz Pilots Invoice Crowdfunding.

accounts payable 57

accounts payable AP Processes Technology B2B 57

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. About The Report.

AP Processes 60

AP Processes AP Automation B2B accounts payable 60

CPA Practice

OCTOBER 11, 2023

The 8th annual State of the AP Report, from MineralTree , a Global Payments (NYSE: GPN) company and accounts payable (AP) and payment automation solution provider, looked at progress in modernizing back-office finance processes for businesses amid the impact of multiple macroeconomic factors. “As

Finance 59

Finance AP Automation AP Processes Approval Workflows 59

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. The new solutions will go further toward transforming AP processes with automation.

accounts payable 69

accounts payable Account accountant accounted 69

MineralTree

DECEMBER 7, 2023

For accounts payable (AP) teams, vendor payments are the cornerstone of business relationships. Traditional paper checks typically incur processing costs ranging from $5 to $12, accounting for stamps, printing, and labor. and $0.50, including software costs and financial institution or payment processing fees.

AP Automation 79

AP Automation accounts payable AP Processes accounting and finance 79

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

OCTOBER 22, 2019

Corporate financial services providers taking aim at accounts payable friction this week pulled double-duty with new tools that also addressed friction for clients’ suppliers. Bank , each of which launched new accounts payable (AP) offerings that impact the biller-side of the transaction. Finally, U.S.

B2B 40

B2B accounts payable AP Processes accounting and finance 40