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Report: Reinventing The Bean-To-Bar Chocolate Supply Chain

PYMNTS

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.

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MineralTree Expands Integrations For Remote AP Departments

PYMNTS

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.

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Kodak Automates Invoice Processing For Accounts Payable

PYMNTS

The company said its Kodak Services for Business will include invoice automation as the company pushes for further accounts payable (AP) automation capability. Automation is on the rise in accounts payable, as AP professionals seek ways to reduce manual processes and instead focus on more strategic initiatives.

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U.S. Bank’s AP Tool Eases Virtual Payment Adoption

PYMNTS

Bank’s latest offering for corporate treasurers aims to simplify the shift from manual to virtual B2B payments. 26) its latest tool, APConnector, as a way to automate and digitize accounts payable, while integrating that process into existing ERP systems. The company focuses on accounts payable automation software.

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Comdata Automates Virtual Card Supplier Enrollment

PYMNTS

B2B payments company Comdata wants to streamline the process by which companies can enroll suppliers onto a virtual card program and is seeking a patent for its solution. Streamlined vendor enrollment means reducing check payments and less manual work for AP professionals, leading to cost savings, the company added.

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Streamlining QuickBooks Payments: Eliminate Challenges with AP Automation

MineralTree

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.

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ACH vs. Checks vs. Virtual Cards: Key Differences

MineralTree

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.