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Embracing Accounts Payable Automation: The Paper Vaccine

PYMNTS

While other departments may have abandoned manual, paper-based strategies years ago, accounts payable (AP) and finance departments held their ground on practices that seem to have changed little since the 1970s. For years, there has been a quiet shift in the B2B payments space. where they account for 75 percent of all invoices.

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Kodak, CoreIntegrator Roll Out Accounts Payable Automation Platform

PYMNTS

Kodak Services for Business is introducing a new accounts payable solution, the result of a collaboration with business process automation software firm CoreIntegrator. 13) in a press release that they have developed their AP automation tool, A/P One, to automate the invoice receiving and processing workflow for corporates.

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Billtrust, Priority Streamline B2B Payments Reconciliation

PYMNTS

Order-to-cash solutions provider Billtrust has added Priority Commercial Payments to its Business Payments Network (BPN) to streamline B2B payments reconciliation, the companies said in a press release this week. Acquirers and accounts receivable platforms can also connect to the network to capture transaction data for end-users.

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Amex To Acquire Digital Payments Automation Firm

PYMNTS

Developed in 2016, the acompay platform integrates with enterprise resource planning or accounting systems and supports check, automated clearing house (ACH), and card payments.

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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 bank announced Wednesday (Oct. Bank, reports said.

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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. We already integrate our virtual credit card system to each client’s ERP or accounting system to make the payment and reconciliation process seamless.

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Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. DadeSystems. That’s what he said the startup aimed to create in its mobile tool for corporate deposits.