PYMNTS

DECEMBER 16, 2020

This option has businesses bypass insurance companies and use their own budgets to pay out employees’ healthcare claims in the hopes that the expenses will be less than the premium costs they would otherwise pay. Healthcare claims processors must manage transactions with a vast — and often changing — array of physicians.

Healthcare 81

Healthcare accounts payable B2B Account 81

Withum

SEPTEMBER 25, 2023

Learn how Withum helped a healthcare client optimize realtime reporting, internal controls, scalability and automation while improving efficiencies within their finance department. The Client The client is a healthcare management company specializing in innovative diagnostic and interventional radiology and vascular care services.

Healthcare 52

Healthcare Technology accounting and finance New Jersey 52

Airbase

OCTOBER 23, 2023

In the world of finance and procurement, accuracy and accountability are paramount. Three-way match has long been an important control measure practiced by accountants to make sure that what was purchased, what was received, and what was paid are fully aligned. In accounts payable, the primary benefits are: Catch fraudulent invoices.

accounts payable 130

accounts payable AP Automation Technology accounting and finance 130

PYMNTS

DECEMBER 10, 2020

Procurement within the healthcare industry is perhaps more complex than most sectors thanks to an array of factors, but when the pandemic hit, many of the typical challenges exploded into insurmountable hurdles. Even outside the circumstances of a global pandemic, healthcare procurement processes can be convoluted.

Healthcare 87

Healthcare accounts payable Hospitality Spend Management 87

PYMNTS

JANUARY 22, 2021

B2B payments in the healthcare industry are undoubtedly complex, thanks to the intricacies of coordination between healthcare providers, suppliers and insurance firms. Well before the pandemic hit, however, the healthcare arena began to embrace the opportunities of digitization — at least, on the patient-facing end of operations.

Healthcare 74

Healthcare B2B accounting and finance accounts payable 74

Airbase

OCTOBER 25, 2023

This is why we’re seeing intake solution providers adding accounts payable automation to their offering. Accounts payable and procurement. But Airbase’s platform takes the impact of intake one step further by adding it to our sophisticated accounts payable functionality. They really enjoy using the system.”

accounts payable 130

accounts payable AP Automation Approval Workflows Technology 130

CPA Practice

OCTOBER 3, 2023

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.

AP Automation 59

AP Automation Technology Accounts Payable Automation accounts payable 59

PYMNTS

APRIL 10, 2020

We have deep dives into healthcare payments artificial intelligence (AI), subscription churn, and a TurboTax tool for stimulus payments. COVID-19 Stimulus Money Could Show Up In Consumer Bank Accounts Today. Bringing AI To The Fight Against Healthcare Payments Fraud. TurboTax Rolls Out Free Tool For Faster Stimulus Payments.

Healthcare 86

Healthcare Tax AP Processes accounts payable 86

PYMNTS

OCTOBER 5, 2020

Against that backdrop, companies are re-evaluating and redesigning their entire supply chains, cost management life cycles and other processes across all industries from healthcare to manufacturing. The rules you're going to do for a healthcare company from a fraud and security perspective are very different from construction,” she remarked.

Healthcare 130

Healthcare B2B Spend Management Tools accounts payable 130

PYMNTS

APRIL 16, 2020

The COVID-19 pandemic is putting accounts payable (AP) department practices to the test. They are sending emails from hacked accounts to AP personnel in which the bad actors pretend to be vendors or executives and request recipients send payments into bank accounts that are actually controlled by the criminals.

AP Automation 52

AP Automation Technology accounts payable Healthcare 52

PYMNTS

JUNE 25, 2019

Bank has teamed up with accounts payable automation firm Inworks to streamline business-to-business payments within the healthcare sector. In a press release on Monday (June 24), the firms said their tie-up will connect hospitals and other companies in the healthcare services space with B2B payments and other financial services.

Hospitality 40

Hospitality Accounts Payable Automation Healthcare accounts payable 40

CPA Practice

SEPTEMBER 1, 2023

This growing demand could indicate that the accounting profession is heading in a direction where clients will expect CAS offerings to be the standard – not just a “nice-to-have” addition. It is also worthwhile which client industries accounting firms are most often serving with their CAS offerings. By Jane Willis.

Technology 116

Technology Start-ups accounts payable accounting firms 116

PYMNTS

OCTOBER 20, 2020

Accounts payable and payments automation solution MineralTree has added automated PO and invoice matching for cloud-based accounting and financial management platform Sage Intacct , a press release says.

AP Automation 52

AP Automation accounts payable Technology Healthcare 52

PYMNTS

NOVEMBER 3, 2020

3) that it has completed its multimillion-dollar acquisition of CPS Payment Services , a B2B payments and accounts payable (AP) automation technology provider. Repay Holdings said on Tuesday (Nov.

AP Automation 56

AP Automation accounts payable Technology B2B 56

PYMNTS

AUGUST 10, 2020

Investigators examining alleged wrongdoing at once high-flying UAE healthcare provider NMC Health are exploring whether the company falsified drug orders to inflate the books of a related company through which NMC raised debt, the Financial Times reported on Monday (Aug. According to Reuters , NMC operates more than 200 facilities in the UAE.

Pharmaceutical 57

Pharmaceutical Healthcare accounts payable accounting and finance 57

PYMNTS

AUGUST 11, 2020

From a lack of supplier acceptance of electronic payments to outdated infrastructure within accounts payable (AP) departments, the B2B payments ecosystem still has much room for improvement on multiple fronts. “You can’t just take an accounts payable view of things,” said Phalen. Driving Scale.

B2B 110

B2B accounts payable Healthcare Account 110

PYMNTS

AUGUST 17, 2020

The Federal Trade Commission recently filed a complaint against Yellowstone Capital, Fundry and their officers, alleging the merchant cash advance companies had been withdrawing funds from small business bank accounts. 300,000 was stolen by an accountant in Australia , according to ABC.net.au

Pharmaceutical 94

Pharmaceutical accounts payable bookkeeping Healthcare 94

PYMNTS

JULY 2, 2020

Often at the center of this initiative is the accounts payable (AP) department — and unsurprisingly for these volatile times, the strategy can turn toward lengthening the days payable outstanding (DPO). ” The healthcare industry is one area where these conversations are happening more frequently.

accounts payable 104

accounts payable B2B Hospitality accounting and finance 104

MineralTree

JANUARY 26, 2023

This is one key reason why Accounts Payable was reported as the top digitization priority for the back office for the last two years. This number is even higher in healthcare, with 75% noting the increased importance of these relationships. In order to address these gaps, they must first get a clear picture of their finances.

AP Automation 75

AP Automation Technology AP Processes accounts payable 75

PYMNTS

OCTOBER 16, 2020

Drill down a bit, and average DSO have been notably on the rise in verticals such as construction (up 10 days to an average 53 days) and healthcare (up seven days to 49 days). Remittance detail is essential in B2B, and that information has to be delivered as a unit into accounts receivable, or it creates exceptions on a regular basis.

B2B 64

B2B accounts payable Construction Healthcare 64

Airbase

AUGUST 2, 2023

Christina Howlett Perez, Associate Vice President, Procurement at Definitive Healthcare, commented on her experience with Airbase. Our latest module, Guided Procurement, brings transaction intake and a fully automated accounts payable capability together for the very first time. I’m so excited about Airbase’s Guided Procurement!

Spend Management 130

Spend Management Spend Management Tools Spend Management System accounts payable 130

MineralTree

DECEMBER 22, 2022

What does digital transformation mean in Accounts Payable? Digital transformation in Accounts Payable (AP) occurs when teams use technology to automate and streamline manual processes across the back office. APQC reports that industries using manual accounts payable invoice processing typically pay more in labor expenses.

accounts payable 52

accounts payable AP Automation Account accountant 52

PYMNTS

AUGUST 19, 2019

Moreover, in terms of the larger picture, more than 96 percent of enterprise spend beyond that of payroll is related to accounts payable; 3.7 percent of the remainder is T&E related. AI, according to the findings, can flag 8.7 percent of expenses as high risk, tied to duplicative spending or as being unauthorized.

audit 56

audit accounts payable Technology Healthcare 56

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. Deployments are occurring across verticals including financial, healthcare, education, retail and others, Flynn noted. “We

AP Processes 46

AP Processes AP Automation accounts payable Technology 46

PYMNTS

NOVEMBER 8, 2019

Bottomline Technologies reported fiscal first-quarter results that showed continued traction in areas of digital banking and accounts payable (AP) technologies. Paymode-X was adopted by a leading eCommerce company as well as several hospitals and healthcare providers, according to the CEO. percent to $108.1

AP Automation 43

AP Automation accounts payable Technology Hospitality 43

PYMNTS

APRIL 19, 2019

Aimed at consolidating spend across accounts payable, employee expenses and other processes, Airbase offers companies a way to manage and control the money that flows out of a business. It also focuses on employee empowerment and well-being through a range of tools, including savings, healthcare, sick leave and faster payment services.

B2B 69

B2B accounts payable Spend Management Hospitality 69

PYMNTS

NOVEMBER 4, 2019

The average payout sum for the third quarter of 2019 is an increase compared to the same period last year, with the professional services, public sector, healthcare, software services and retail industries most commonly targeted by such fraud schemes, according to Bank Info Security reports. 777 million was stolen from U.K.

accounts payable 40

accounts payable bookkeeping Pennsylvania accounting and finance 40

PYMNTS

DECEMBER 24, 2020

Schoen said that dental practices and insurers that use legacy, paper-based methods to deal with claims, send payments and handle accounts receivable (AR) can face many frictions. The firm provides administrative and general business operation support services to the Aspen Dental-branded network of dental practices. Payouts And AR.

B2B 102

B2B Healthcare Account accountant 102

PYMNTS

AUGUST 14, 2019

Among those verticals doing such deep dives: financial services, healthcare and insurance. Much of the inefficiency can be solved through adopting a software suite that spans a continuum of accounts payable (AP) functions, said Nadaud. At least some companies — at about 30.7

accounts payable 66

accounts payable AP Processes Healthcare Technology 66

PYMNTS

DECEMBER 12, 2019

That’s surprising for several reasons, and here’s a good one: nearly 70 percent of accounts payable (AP) professionals say suppliers value payments speed above all. APIs are also very useful for bank customers in defined verticals like real estate and healthcare, that perform specialized transactions frequently.

B2B 52

B2B Real Estate accounts payable Technology 52

PYMNTS

OCTOBER 17, 2017

17), Visa said it is tackling that issue through a new partnership with accounts receivable (AR) and cash management company Billtrust. When it comes to growth of virtual corporate card payments, we have seen and built a lot of momentum on the accounts payable side,” Hall said. “We In an announcement on Tuesday (Oct.

Accounts Payable Automation 47

Accounts Payable Automation accounts payable B2B Construction 47

PYMNTS

APRIL 9, 2020

Other markets, like healthcare procurement and telecommunications firms, are experiencing a boom as corporate customers like hospitals and organizations that have shifted to remote operations accelerate their spend, which has driven the search for B2B payment solutions that can elevate buying power.

B2B 93

B2B Hospitality Technology accounts payable 93

PYMNTS

DECEMBER 29, 2020

The healthcare sector has been put under a global microscope due to the pandemic, but many businesses in the industry are facing revenue losses despite high demand for COVID-19 care and increased telehealth use. The overall medical space is predicted to see its 2020 revenue come in 10 percent below last year’s. Information-Flow Frictions.

Healthcare 52

Healthcare Hospitality B2B Government 52

Airbase

NOVEMBER 15, 2023

Accounts payable (AP) refers to the series of steps that companies take to pay their bills. It requires the safe handling and recording of funds transferring from the company’s bank account to suppliers and vendors. The importance and evolution of accounts payable. Using AP automation software.

AP Automation 130

AP Automation Technology accounts payable Accounts Payable Automation 130

PYMNTS

NOVEMBER 3, 2020

FINTAINIUM is combining its Account Receivables and Payables Management Platform with Everlink's eHUB Digital Payments Platform to support real-time B2B and B2C payments that adhere to ISO 20022 payments messaging standards. Everlink, FINTAINIUM Partner For Real-Time Payments. According to the latest stats, the ACH Network saw 6.8

B2B 56

B2B B2C accounts payable Healthcare 56

PYMNTS

OCTOBER 31, 2019

healthcare contribution was up 73 percent. The travel segment saw growth underpinned by accounts payable product sales. Within healthcare, she said, in the latest quarter there was 18 percent growth in SaaS accounts. The health and employee benefits segment purchase volumes gained a bit more than 6 percent to $1.1

Healthcare 40

Healthcare accounts payable Transportation Sales 40

PYMNTS

OCTOBER 31, 2019

healthcare contribution was up 73 percent. The travel segment saw growth underpinned by accounts payable product sales. Within healthcare, she said, in the latest quarter there was 18 percent growth in SaaS accounts. The health and employee benefits segment purchase volumes gained a bit more than 6 percent to $1.1

Healthcare 40

Healthcare accounts payable Transportation Sales 40