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Acumatica Debuts Automated Spend Management Tools

PYMNTS

Cloud enterprise resource planning (ERP) company Acumatica has rolled out its Acumatica Advanced Expense Management and Electronic Bank Feeds for its Acumatica Cloud ERP solution, which will increase automation and electronic banking, according to a press release. Digital spend management tools could offset some of the damage.

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PEX CEO: Why Gig Workers Need Spend Management Tools

PYMNTS

If you really know the music industry , you know that many tour managers and accountants are barely a half-step removed from the glory days of the abacus. When that headline band finishes its last encore, you can be sure the money people are still backstage settling the accounts.

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NEW REPORT: Bringing Spend Management Tools To The Workforce

PYMNTS

Corporate spend solution providers are working to resolve this by empowering companies to trust field-based workers for making appropriate purchases as needed to complete jobs. With the availability of new spending tools and greater transparency, the nature of field-based work is shifting dramatically.

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Virtual Cards Help Companies Manage Spend In Real Time

PYMNTS

In this month’s Feature Story, Caleb Jenkins , leader of client accounting services for tax and accounting firm RLJ Financial , describes how the firms’ need for real-time payment options is peaking amid the pandemic and how virtual cards can help deliver the faster payments options they need to stay afloat. About The Playbook.

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Spend under management: The procurement KPI you should be tracking at any stage.

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Classify and communicate the scope of unmanaged spend. Choose your tools — implement capable spend management tools. Perform a spend assessment (implement tools with real-time insights and pullable reports). Automate the purchase requisition and purchase order approval processes.

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Moving The Business Payments Focus From Price To Process

PYMNTS

As Joiner explained it, getting various stakeholders on board to institute a virtual corporate card, for example, or other spend management tools — along with the great diaspora of the workforce — is a challenge. Yet there’s a wide gulf between considering the great shift to digital B2B payments and actually making the leap.

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Deep Dive: Fixing Corporate America’s Everyday Spending Problem

PYMNTS

Sales are falling as consumers curb their spending, resulting in cash flow crunches that are pressuring businesses to stick to their budgets and pursue innovations. Managing Cash Flows During the Crunch. The pandemic is affecting consumers in myriad ways.