PYMNTS

JULY 30, 2020

In an effort to help companies reduce their accounts payable (AP) expenses, Zycus has rolled out artificial intelligence (AI)-powered bots for the last part of the procurement process, according to an announcement. Those who work in finance or accounting roles can use the RegalPay technology directly from their workstations.

AP Automation 60

AP Automation Technology accounts payable NetSuite 60

PYMNTS

DECEMBER 31, 2019

Paper-based payment methods such as checks and cash are awkward and cumbersome in either business-to-business (B2B) or business-to-consumer (B2C) transactions. Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner.

AP Processes 61

AP Processes AP Automation Technology accounts payable 61

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. AR and AP automation solutions are one way to simplify this process. To do this, many finance teams are turning to AP automation.

Finance 98

Finance AP Automation Technology accounting and finance 98

PYMNTS

APRIL 3, 2020

Accounts payable (AP) automation technology presents an obvious benefit to companies of all sizes and industries to boost efficiency and strategize vendor payments. For LockerDome, Lewis explained that one of the most glaring areas of inefficiencies in AP processes is the supplier payment itself.

AP Automation 52

AP Automation Technology accounts payable AP Processes 52

PYMNTS

DECEMBER 13, 2020

Procure-to-pay provider B2BE and OnPay , which works in payroll services, are partnering to help clients access B2B payments automation, according to a press release. OnPay CEO and president Neal Anderson said the company's mission "is to empower people to improve the lives of accounting departments globally.". "We

B2B 75

B2B AP Processes AP Automation payroll 75

PYMNTS

JULY 10, 2020

These slow processes make it difficult for AP professionals to quickly pull up information on payment obligations, and they also present plenty of opportunities for human error. SMBs are more likely than larger firms to have old-school AP methods that cause undue frictions. Cutting Out Inefficiencies.

AP Automation 55

AP Automation Technology AP Processes accounting and finance 55

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

MineralTree

DECEMBER 7, 2023

For accounts payable (AP) teams, vendor payments are the cornerstone of business relationships. Virtual cards make it easy to track invoice payments, increasing visibility throughout the payment process. Traditional paper checks typically incur processing costs ranging from $5 to $12, accounting for stamps, printing, and labor.

AP Automation 79

AP Automation accounts payable AP Processes accounting and finance 79

CPA Practice

OCTOBER 11, 2023

According to a new survey, many are turning to automation to achieve this goal. As businesses continue to face a number of challenges and pressures, finance teams are being tasked with finding new ways to drive operating efficiencies and get more control over cash flow,” said Brian Greehan, head of B2B Solutions for Global Payments. “In

Finance 59

Finance AP Automation AP Processes Approval Workflows 59

PYMNTS

OCTOBER 1, 2020

At a high level, said Disque, the embrace of automated accounts payable (AP) processes has been consistent across verticals. In the middle of it all, for companies like The Witness Group, said Patel, “automating payables allows us to spend more time on an analytical basis and less time on a manual process basis."

AP Automation 77

AP Automation Technology AP Processes Hospitality 77

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. Automation and optimization efforts tend to focus on that 20 percent of suppliers, he said.

Technology 73

Technology AP Automation B2B accounts payable 73

PYMNTS

JULY 26, 2018

Perhaps the biggest takeaway from Hyland and Statista ‘s new accounts payable (AP) report is that, frankly, there isn’t much new to be said about AP automation trends at all. On the plus side, two-thirds of survey respondents said they have achieved either fully or mostly automated AP processes.

AP Automation 40

AP Automation Technology accounts payable AP Processes 40

PYMNTS

FEBRUARY 19, 2018

You could call accounts payable (AP) the last mile of payments in a way. Or perhaps AP stands for the last mile of automated processes? In the B2B realm, the movement to get suppliers paid on time may become a struggle, mired as AP management is in the paper chase of manual effort.

AP Automation 51

AP Automation Technology audit accounts payable 51

PYMNTS

NOVEMBER 16, 2018

By its very nature, accounts payable (AP) is a cost center: It’s where money leaves the enterprise, after all. However, as with so many back-office enterprise functions, AP is now shifting its reputation as one that can add value to businesses. “It’s about having a strong business case internally.”

AP Automation 63

AP Automation Technology accounts payable AP Processes 63

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

PYMNTS

APRIL 9, 2020

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.

AP Automation 76

AP Automation AP Processes Technology accounts payable 76

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

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 automation has been available in one form or another for more than 20 years, said Flynn. But they still need to be processed as a paper invoice.”

AP Processes 46

AP Processes AP Automation accounts payable Technology 46

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

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

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

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. Across The Next-Generation AP Automation Space. AP departments are the prime targets of bad actors, and automating AP processes poses a strong defense against criminal breaches.

AP Automation 89

AP Automation Technology accounts payable AP Processes 89

PYMNTS

NOVEMBER 25, 2019

Shifting away from paper-based accounts payable (AP) practices could be a game-changer for many organizations. AP professionals must first be willing to take the first step to embrace automation, but some firms are wavering over whether they are prepared to do so. Around The Next-Gen AP Automation World.

AP Automation 70

AP Automation Technology accounts payable AP Processes 70

PYMNTS

DECEMBER 17, 2018

14) that it is introducing an invoice automation feature. The company said its Kodak Services for Business will include invoice automation as the company pushes for further accounts payable (AP) automation capability. Bou in a statement.

accounts payable 49

accounts payable Technology AP Automation Account 49

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.

AP Processes 60

AP Processes AP Automation B2B accounts payable 60

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

PYMNTS

FEBRUARY 14, 2019

Cloud-based accounts payable solution provider Esker is teaming up with document services unit Fuji Xerox to deploy accounts payable solutions across the Asia Pacific region, the companies announced on Wednesday (Feb. Moving forward the firms will expand the offering to Australia, Hong Kong and Singapore.

accounts payable 43

accounts payable AP Automation Technology Account 43

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.

B2B 77

B2B accounts payable Technology AP Processes 77

PYMNTS

NOVEMBER 21, 2018

With pressure mounting for the enterprise to digitize, accounts payable automation is seen as a crucial part of achieving greater efficiency, cost savings, visibility into spend and strengthening of vendor relationships, to name a few benefits. But going it alone can quickly overwhelm a business. “It’s born digital. .”

Technology 63

Technology AP Automation accounts payable Accounts Payable Automation 63

PYMNTS

MARCH 19, 2020

The financial account software market is on pace to reach $19 billion in sales over the next five years, and such growth is necessary to match businesses’ fast-paced needs. Such technology can also help companies keep up with competitors by eliminating frictions throughout the AP process involving onboarding vendors and tracking payments. “We

Technology 52

Technology AP Automation AP Processes accounts payable 52

PYMNTS

MAY 12, 2020

To automate accounts payable (AP) procedures, Ephesoft, Inc. The company said in an announcement that the out-of-the-box artificial intelligence (AI) technology has been shown to decrease costs and sizably reduce the time it takes for invoice processing, according to an announcement.

accounts payable 68

accounts payable AP Automation AP Processes Technology 68

PYMNTS

MARCH 21, 2019

For many companies, the accounts payable (AP) process is mired in paper, but technology, properly deployed, can cut down the paper chase, streamlining the journey between getting invoices and paying them. This generation will not accept using ‘old looking’ B2B software,” he said.

Technology 48

Technology AP Automation accounts payable AP Processes 48

PYMNTS

JUNE 2, 2020

To provide non-touch invoice processing and support remote work, SoftCo rolled out its SoftCo ExpressAP accounts payable (AP) automation technology. It notes, “being part of the SoftCo ecosystem of smart automation solutions means there is a seamless upgrade path as organizations grow or need to add functionality.”.

Technology 52

Technology accounts payable AP Automation AP Processes 52

PYMNTS

JUNE 22, 2020

Enabling employees to work remotely during the COVID-19 pandemic has sent a wake-up call to companies that their old-school accounts payable (AP) practices will not cut it in the new economy. Companies may even have been unable to access their AP processes until they could adopt safer methods.

AP Processes 56

AP Processes AP Automation Technology accounts payable 56

PYMNTS

FEBRUARY 24, 2016

But in a new whitepaper published by document automation firm Esker , the firm acknowledges that executives facing friction in accounts payable departments very well could be championing the adoption of sophisticated solutions; it may just take a bit of effort to convince the rest of the team to get the ball rolling.

AP Automation 40

AP Automation AP Processes accounts payable Technology 40

PYMNTS

APRIL 20, 2016

Nvoicepay is launching new capabilities to ease friction in global B2B payments, the company revealed Tuesday (April 19). The enterprise payments solution firm revealed Nvoicepay AP Global, a cross-border payments solution for the accounts payable department.

B2B 40

B2B accounts payable AP Processes Account 40

PYMNTS

JUNE 16, 2016

Accounts payable automation can provide an array of solutions to some of the most friction-rich business processes. From saving money by ditching paper to gaining a more sophisticated view of cash positions, AP solutions are adopted for different, often multiple reasons.

AP Automation 41

AP Automation accounts payable AP Processes Accounts Payable Automation 41