PYMNTS

JANUARY 31, 2021

Business payments firm FLEETCOR Technologies has acquired accounts payable (AP) platform provider Roger , Fleetcor announced in a press release. The release stated, in part: “The acquisition provides FLEETCOR with a proven, modern automation platform for B2B online bill payment. Terms of the transaction were not disclosed.

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MineralTree

DECEMBER 7, 2023

For accounts payable (AP) teams, vendor payments are the cornerstone of business relationships. ACH payments involve a streamlined process in establishing a connection between your accounting system and a bank. Get in touch to learn how MineralTree can enhance your B2B transactions and streamline your AP processes.

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PYMNTS

JUNE 24, 2020

To help project managers and administrators save time, Centsoft has unveiled an accounts payable (AP) automation technology for firms in the construction industry. As a result, the lengthy and error-prone process of manually typing invoice information into the accounting system is removed from the equation.

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PYMNTS

DECEMBER 30, 2020

Any ERP or accounting systems player will want to service the broadest swath of corporates possible. And FIs want to service as many of their customers as possible with integrated, embedded solutions, regardless of the ERP or accounting system the corporate client uses.

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PYMNTS

AUGUST 15, 2018

B2B payments continues to enjoy its moment in the innovation spotlight, but the industry still has a long way to go if it’s going to beat the race against paper and manual processes. However, accounts payable (AP) service providers have more on their plate than simply making it easier for companies to pay their invoices digitally.

B2B 40

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PYMNTS

AUGUST 7, 2020

Legacy payment options like paper are getting nudged out by faster better methods like credit cards, which are more cost-effective for buyers’ accounts payable (AP) teams to send and quicker for suppliers’ accounts receivable (AR) professionals to receive. merchant services at American Express, told PYMNTS.

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PYMNTS

JULY 31, 2020

The pandemic and subsequent economic downturn have driven B2B payment pains to a new level. Around The B2B Payments Space. American Express recently launched its own digital AP solution that is designed to work with businesses’ existing accounting systems. Download the Report to get the full story. About The Report.

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MineralTree

FEBRUARY 29, 2024

Efficient digital payments are critical for accounts payable (AP) teams to streamline the AP process and maintain strong relationships with vendors. QuickBooks is a full-featured accounting system with accounts receivable and accounts payable functionality.

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PYMNTS

JUNE 9, 2017

Not so on the B2B side of payments, where payments between trading partners remain dominated by the 20th-century’s favorite payment method — where, staggeringly, 50 percent of all payments between business are made by check. Building a B2B Payments Hub. Mastercard’s Head of Global Commercial Product Development Richard Crum asked.

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PYMNTS

JULY 31, 2019

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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PYMNTS

FEBRUARY 1, 2021

1) press release , saying the acquisition will provide the company with access to new automation options and better visibility for B2B processes, among other benefits. Accounts payable (AP) automation has been “leading the way” on digitization, with new virtual cards becoming more common, he said.

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PYMNTS

AUGUST 14, 2018

What will it take for the payment method to find its way into mainstream B2B payments use cases, particularly for middle market companies that are heavy users of ACH today for paying suppliers? This led to the question: Who has the incentive to drive more B2Bs to Same Day ACH? today), but not necessarily to pay their suppliers.

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PYMNTS

OCTOBER 27, 2016

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 company focuses on accounts payable automation software.

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PYMNTS

APRIL 1, 2016

Corporations have been chastised in recent years as floods of new data reveal the ongoing prevalence of paper checks in B2B payments. The B2B payments space, on the other hand, not so much. The B2B space has, historically, had challenges.”. B2C To B2B. Bank’s head of receivables solutions for treasury management.

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PYMNTS

APRIL 23, 2020

Unfortunately, independent contractors have also frequently been left out of the picture for traditional banks and even newer FinTechs despite the recent influx of small business cloud accounting apps and other B2B FinTech platforms. Accounts payable is the money you owe your suppliers. That means cutting out the jargon.

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PYMNTS

NOVEMBER 3, 2016

With data analytics now a paramount process of cash flow management, developers are tasked with making their most innovative B2B payments and finance technologies seamlessly integrate with ERP and accounting platforms. The issue, said U.S.

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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. They also let finance departments work from any place where an internet connection is available.

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PYMNTS

OCTOBER 10, 2018

The app will leverage Mastercard In Control for Commercial Payments, letting community banks provide a white-labeled accounts payable platform for their corporate customers. Accounts payable departments are essential to the operations of any company,” said Regal Software founder and CEO Kofi Conduah in a statement.

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PYMNTS

JANUARY 12, 2017

That is, professional sports organizations can act as corporate role models to other organizations, at least when it comes to their B2B payments practices, said Max Eliscu, CEO of B2B payments and invoicing firm Viewpost. But professional sports organizations can act similarly. Every business has those issues.

Sports 44

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PYMNTS

MAY 22, 2017

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.

Technology 40

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PYMNTS

MAY 5, 2016

If only commercial (B2B) payments could be as frictionless as retail payments, when consumers pay merchants. That’s an ambition shared by many an entrepreneur who sets out to innovate the massively huge opportunity that awaits in the B2B space. It’s what also drove Mike Galarza to found Entryless. Australia … the U.K.,

B2C 43

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PYMNTS

NOVEMBER 30, 2018

the accounts payable [AP] department), where employees can deliberately report incorrect spending, overstate payments or even create fake vendors. “Because it really is a personal kind of thing, rather than an issue with their accounting systems. The channels through which embezzlers commit their crimes vary, too.

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PYMNTS

DECEMBER 29, 2020

Although it occurred under dire circumstances, 2020 was the year that many organizations finally ditched the paper check in B2B payments — or, at the very least, helped to move the needle toward electronic payments. B2B payments are messier than B2C payments," said Chanda. Empowering Finance Professionals.

Technology 114

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PYMNTS

JANUARY 26, 2017

Cross-border payments, trade finance, smart contracts — blockchain has the potential to disrupt B2B processes, but FinTech players are only beginning to take these concepts onto a real-world stage. For one firm, Finlync , the key to unlocking the potential of blockchain in B2B processes is unlocking the underlying data of that activity.

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PYMNTS

MARCH 1, 2018

The package must include the laundry list of financial records lenders want to review: balance sheets and financial statements, bank statements, tax returns, accounts payable and receivable and details about the vendors on those lists, as well as details about outstanding loans and tax returns.

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PYMNTS

MARCH 2, 2020

Corporate payments innovation has cast a wide net to tackle the many pain points businesses experience today, with accounts payable (AP) one of the most popular targets for disruptors. There are a lot of scenarios in which transferring to a bank account isn’t fast enough anymore, and most legacy accounting systems are really slow.”.

B2C 60

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PYMNTS

MAY 31, 2018

Praeger said accounts payable automation can increase security, create greater control around paying bills, and accelerate the payments approval process by enabling electronic signatures and approvals from HOA board members who are wintering out of town.

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PYMNTS

JANUARY 19, 2021

The combination will offer a “seamless, automated way to reconcile payments, bills and invoices” with a company’s accounting system, the release stated. There’s no manual entry required.

quickbooks 74

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PYMNTS

MAY 31, 2018

Praeger said accounts payable automation can increase security, create greater control around paying bills, and accelerate the payments approval process by enabling electronic signatures and approvals from HOA board members who are wintering out of town.

Accounts Payable Automation 40

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PYMNTS

JULY 29, 2019

The complexities of business transactions not only mean various financial functions, from accounts payable to payroll, are stuck in their own silos — it can often mean more silos within those disparate systems. reflective of its position that addressing B2B payments friction must also be done on a global scale.

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PYMNTS

MAY 16, 2016

Between treasury management, accounting, invoicing, cash management and all the other money tools corporates have access to today, it’s a wonder CFOs can keep their heads on straight. Brimfield pointed to the rise in third-party financial services systems as one of the strongest forces behind the development of the treasury management space.

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PYMNTS

NOVEMBER 6, 2018

American Express has struck a new partnership in its latest B2B payments push, announcing a collaboration with commercial payments firm WEX to support corporate use of virtual cards in accounts payable. The Synaptic solution enables companies to send payment instructions from their accounting systems to the AP platform.

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PYMNTS

NOVEMBER 19, 2020

In the continuous movement toward automating B2B payments – and especially payables – the pandemic is pushing firms to examine internal workflows and embrace the touchless process. Robotic process automation and accounts payable (AP) automation can be blended into solutions that are verticalized for specific tasks.

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AP Automation Technology accounts payable B2B 83

PYMNTS

MARCH 6, 2018

Commercial cards make up just a fraction of the supplier payments space, but the rise in virtual card technology – and the efficiency and security that come along with it – could help card issuers grab a larger slice of the B2B payments market. But we’ve been focused on different pieces of the puzzle.

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PYMNTS

AUGUST 8, 2018

When it comes to accounts payable, there is no shortage of FinTechs that have taken either one of these approaches in an effort to address the many pain points of the procure-to-pay cycle. Addressing that pain point can make accounts payable processes much more efficient, he noted.

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PYMNTS

JUNE 6, 2019

Many accounts payable ( AP ) departments are still burdened with manual, paper-based payment processes, or have implemented payment automation solutions only to find that the benefits weren’t as significant as they’d hoped. Thus, accounts payable management is all too often more art than science. Solving Friction Points.

Technology 71

Technology accounts payable AP Processes B2B 71

PYMNTS

JUNE 21, 2019

Standardizing the way companies issue electronic invoices further reduces reliance on paper, while, at the same time, more closely integrating vendor systems with buyer platforms to streamline the flow of invoice data into ERP and accounting systems. a lack of standardization has accounts payable (AP) teams scrambling.

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