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AP Automation Company Stampli Nets $61M in VC Funding

CPA Practice

Stampli , a provider of AI-powered accounts payable automation, today announced that it has raised $61 million in a Series D venture funding round led by funds managed by Blackstone, with the participation of existing investors Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital.

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Leading analyst IDC recognizes innovation in procurement solutions.

Airbase

This is why we’re seeing intake solution providers adding accounts payable automation to their offering. Service organizations, SaaS companies, healthcare, and education are just a few sectors that would benefit from a more modern approach to procurement.

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US Bank, Inworks Partner On Hospital Payments

PYMNTS

Bank has teamed up with accounts payable automation firm Inworks to streamline business-to-business payments within the healthcare sector. Bank will lend its Virtual Pay Visa Card payments capabilities to the Inworks Intelligent Pay B2B payments platform designed for the healthcare market.

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Ancora On Streamlining AP Processes With Machine Learning

PYMNTS

The drive to eliminate paper in the accounts payable process, to cut the steps that lead to inefficiencies, continues to get a boost from technology. AP automation solutions help firms manage their financial systems in accordance with the law. But, as he noted, procure-to-pay processes involve manual labor across several steps.

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Visa Turns To V-Cards With Billtrust For AR Automation

PYMNTS

“Billtrust is uniquely positioned through their supplier relationships to address typical barriers to ePayables adoption, such as high fees and manual reconciliation, leveraging their accounts receivable solution to streamline processes, provide automation and reduce complexity in virtual payment processing,” the executive noted.

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How Visa Thinks About B2B Payments Innovation

PYMNTS

These solutions span the gamut of B2B payments ’ needs — virtual cards, accounts payable automation and data analytics, to name but a few. The internal processes set up to enable these digital payments methods on the corporate side can also be lacking. “In

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The major benefits of AP Automation.

Airbase

Features of AP automation software. The importance and evolution of accounts payable. Traditional benefits of accounts payable automation. 1) Automating mundane tasks for increased productivity. AP Automation Tour Modern accounts payable automation benefits.