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used its annual QuickBooks Connect user conference in Las Vegas to announce QuickBooks Bill Pay , a new solution fully integrated within QuickBooks that transforms bill pay for businesses and delivers accountspayableautomation. Intuit Inc. Intuit is the maker of TurboTax , Credit Karma , QuickBooks , and Mailchimp.
The public culmination of that year-long process is the Visa Ready Program for Business Solutions , which launched yesterday and makes the integration of Visa’s B2B solutions simple, quick and efficient. These solutions span the gamut of B2B payments ’ needs — virtual cards, accountspayableautomation and data analytics, to name but a few.
The procure-to-pay process can be like a game of dominoes stacked up and ready to fall into place. While SourceDay does not currently enable B2B payments to be made directly within its platform, Kieley noted that this functionality is part of its 2019 product roadmap. ”
But there’s one big piece of B2B payment infrastructure that they don’t have: vendor networks. Fintechs are now building B2B vendor networks at scale. AP teams can get out of the payments processing game and still have all the visibility and control they need to run the business. That’s holding companies back.
Making matters even more complex is the need for this accountspayableautomation system to work with that ERP system or for that cash management software to integrate into this data analytics tools. But the cloud revolution is upon us and with it comes corporate treasurers’ demand for financial Software-as-a-Service.
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