article thumbnail

From Execution to Insight: How Fintech is Shaping the Future of Accounts Payable

CPA Practice

Accounts payable (AP) teams are stuck on a hamster wheel, always having to scramble to get payments out the door and then reconciling them on the back end. 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.

article thumbnail

CFOs Switching Up Their Digitization Game

PYMNTS

Accounts payable (AP) is undergoing its own digital shift as companies modernize a B2B payments ecosystem that until recently was surprisingly paper-based despite five solid years of serious innovations on the part of financial institutions (FIs) and FinTech. A Digital Trifecta. Speed, convenience, security.

Gaming 66
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Why B2B Payment Pain Points Go Far Beyond The AP Department

PYMNTS

The global pandemic has, no doubt, changed the B2B payments landscape forever. The name of the game today is digitization, with paper checks and cash no longer viable payment methods in the context of moving funds from one business to another. The Commercial Card Catalyst. While in the U.S., Optimizing The Logistics-Payments Link.

B2B 86
article thumbnail

Slashing Ambiguity In The B2B Partnership Payments Process

PYMNTS

In a market ecosystem where Instagram influencers are a new norm in advertising, and where corporate sponsorships are diversifying throughout the digital ether, businesses’ vast network of strategic B2B partnerships is getting even bigger, and more complex. From Discovery To Payment. Slashing The AP Ambiguity.

B2B 65
article thumbnail

Intuit Introduces QuickBooks Bill Pay

CPA Practice

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 accounts payable automation. Intuit Inc. Intuit is the maker of TurboTax , Credit Karma , QuickBooks , and Mailchimp.

article thumbnail

Mesh Eyes Virtual Cards For Global B2B Payments

PYMNTS

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. “But in the cross-border space, it’s a different ball game.” ”

B2B 65
article thumbnail

Deep Dive: How Companies Can Use Automation To Face Cross-Border B2B Payment Challenges

PYMNTS

These O2C challenges are only compounded for businesses that conduct cross-border B2B payments, as these firms must manage shifting foreign exchange (FX) rates, varying international regulations and other variables to ensure that orders, invoices and payments are accurate. O2C And The Data Problem.