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Open Banking APIs Meet B2B Payments

PYMNTS

Steady digitization in stale B2B payments and the open banking movement are two closely related and increasingly exuberant expressions of money’s digital makeover. Impacts expected from open banking on the laggard B2B payments space are hard to understate. It’s worth the effort, as the growing number of B2B payments use cases prove.

B2B 76
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Number Of Corporate Accounting Errors Unexpectedly Climbs

PYMNTS

Errors can be anything from a misapplication of accounting principles to an error in inputs in accounting software or an error in [Microsoft] Excel schedules,” said Michael Burke, partner at accounting firm UHY LLP, according to The Wall Street Journal. percent stake in CWGS Enterprises.

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Gappify Launches Chatbot For Corporate Accountants

PYMNTS

The solution is integrated into Gappify’s cloud accounting software and can complete various tasks related to accounts payable, accounts receivable, payroll and other cash management functions, the company said. Gappify isn’t the only company to design a bot for corporate accounting purposes.

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Robotics Process Automation Attracts Attention — And Some Doubt — In B2B FinTech

PYMNTS

Robotics process automation (RPA) is a recent favorite among some B2B FinTechs. Corporate accounting software company Gappify, for instance, announced only weeks ago that it is rolling out an RPA-fueled bot to automate many accounting processes — that is, to automate processes without requiring human intervention to initiate that automation.

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Robotics Aims To Empower Accountants When ‘Automation’ Falls Short

PYMNTS

But, tools like electronic payments and cloud accounting software are far from the only forces that alter the corporate accounting landscape. Whether it’s a B2B or B2C service or product, these various models don’t necessarily present a clear sales strategy. That changes accounting,” Ty explained.

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Accountants May Be Bucking The Innovation-Averse Trend

PYMNTS

The future of the corporate accountant is in flux. FinTechs are developing ways to automate accounting tasks, forcing human accountants to provide more strategic, value-added services. That doesn’t mean corporate accountants are jumping ship, however.

Account 43
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Pulling Back The Curtain On Corporate Finance Reports

PYMNTS

Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. ’s 9,000 publicly listed companies spiked in 2018 after consistent declines since 2006. In the U.K., In the U.S.,

Finance 55