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What is vendor management and why is it important?

Airbase

Vendor management is an integral part of financial management, enabling companies to control costs, mitigate risks, streamline operations, and maintain a healthy supply chain. By effectively managing vendors, finance teams can significantly contribute to the overall financial success of their organizations.

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Certify Enters Procure-To-Pay Market

PYMNTS

Corporate expense management company Certify is stepping into the procure-to-pay arena with the launch of Certify Purchasing, announced Thursday (Jan. The solution, designed for finance professionals, enables automated procurement-related tasks, including requisitions and supplier payments.

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Mastercard, Strands Partner On AI-Powered SMB Banking Platform For Banks

PYMNTS

A press release on Monday (July 9) said the companies are deploying artificial intelligence (AI) technology, Strands Business Financial Management ( BFM ), to develop the solution, enabling small businesses to forecast cash flow, analyze finances and gain personalized recommendations on services from their banks.

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How AI Can Help Automate Expense Management

PYMNTS

The new Workflow Spend Playbook highlights the latest solutions, including automation and artificial intelligence (AI), that are helping SMBs keep drivers and workers operating smoothly. Fleet Management. percent of expenses as high-risk, tied to duplicative or unauthorized spending. AI can flag 8.7

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Meet the Brand: Payhawk

Accounting Insight

Introducing Payhawk, the leading spend management solution for scaling businesses. Payhawk is the leading spend management solution for domestic and international businesses throughout Europe, the US, and the UK. The post Meet the Brand: Payhawk appeared first on Accounting Insight News.

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Payments Heavyweights Dig Heels Deeper Into Commercial Cards

PYMNTS

Commercial card innovation continues to make big waves in the accounts payable (AP) department, as corporates and card issuers alike explore new ways to drive business spend on cards beyond business trips or ad-hoc purchases. Accrualify Taps Visa For Corporate Card Offering. Privacy.com Sets Sights On Business Cards.

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Blockchain And Banking Grab $226 Million In Investments

PYMNTS

Blockchain startup aXpire, which develops corporate spend management solutions, announced it raised $20 million as it looks to expand its product development into new markets beyond finance, including food and beverage, travel and leisure and transportation. Data Management. Blockchain. B2B payments.