Remove accounting system Remove accounts payable Remove B2B Remove payroll
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Canada’s Path Toward B2B Payables Modernization

PYMNTS

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. According to Lansdowne-Higgins, among the biggest challenges in accounts payable today is the data silos.

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Digitizing B2B Payments The Hybrid Way

PYMNTS

In point of fact, most businesses of any size have a hybrid treasury-accounting back office where digital tools and paper instruments coexist. Many businesses still generate paper checks from the setup of their accounting systems,” Michael Reed, general manager of payments at Deluxe, told PYMNTS. Paper Wait.

B2B 52
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Airbnb’s Business Travel Investment Leads B2B Funding For The Week

PYMNTS

The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. The company said it plans to use the investment to further build out its lending operations. Negotiatus.

B2B 69
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Who Has The Balance Of Power In B2B Payments?

PYMNTS

The most popular use case — at least, so far — is payroll and emergency disbursements. 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? today), but not necessarily to pay their suppliers.

B2B 40
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Corporate ePayments Still At Risk For Employee Embezzlement

PYMNTS

Fraudsters can be anywhere in the enterprise, from the payroll department to the Chief Financial Officer’s desk. the accounts payable [AP] department), where employees can deliberately report incorrect spending, overstate payments or even create fake vendors. The average cost of such a scam is $357,650.

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Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

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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Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

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.