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Today In B2B: Wells Debuts Virtual Commercial Cards, PayPal Ventures Makes B2B Payments Investment

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Plus, Simfoni lands on Vroozi's procure-to-pay platform, Kyrbia collaborates with an Italian bank on supply chain financing, and the EU's digital chief will discuss rules with tech giants. Each card payment is then assigned a virtual number tied to a commercial card account. PayPal Ventures Invests $11.9M

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Tradeshift Taps Genpact To Broaden AP Automation Offerings

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Genpact will provide artificial intelligence , machine learning, robotic process automation, analytics and other technologies, while Tradeshift will connect joint customers to enterprise apps to support digitization and automation of accounts payable, procurement and supplier management operations for streamlined procure-to-pay.

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Yooz Debuts AP Automation Tech To UK Market

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Procure-to-pay software company Yooz plans to expand into the U.K., A press release revealed that the company will make its automated accounts payable (AP) solution available to U.K. ” The launch comes as AP automation grows increasingly in-demand among corporate finance professionals. .’s

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Transcepta Ramps Up AI In eProcurement

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Transcepta, a procure-to-pay platform, is ramping up its use of artificial intelligence (AI), the company said late last week. In an announcement , the company said its leveraging of AI and predictive analytics technologies can enable smarter procurement decision making.

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Connecting The Procurement Dots, From Purchase Order To Payment

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Driving efficiency in accounts payable (AP) can stem from an array of efforts. In addition, adopting a digital accounts payable platform can streamline operations, as well as open access to digital data for analytical and process automation purposes. ”

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In Procure-To-Pay, Reg And Tech Evolve Together

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The procure-to-pay space is also closely linked to the alternative finance market, as financing products like supply chain finance and dynamic discounting integrate into procure-to-pay platforms like Direct Commerce’s.

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A Cure For The Financial Supply Chain Sickness

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Suppliers look to various financing solutions to fill in their cash flow gaps, but a lack of credit history often means expensive loans. The procure-to-pay platform of the Ariba Network revealed last week a new joint venture with the supply chain financing solution offered from PrimeRevenue.