Accounting Insight

JANUARY 8, 2024

To help this collaboration, businesses should take steps such as implementing AI and automation tools to detect any suspicious activities or anomalies within the Accounts Payable (AP) process. But in 2024, we will see much stronger industry and government action to enforce a permanent shift to on-time payments.

accounts payable 105

accounts payable B2C Technology accounting and finance 105

PYMNTS

MARCH 18, 2020

In a recent conversation with PYMNTS, Bectran Business Development and Implementation Manager Dominic Biegel reflected on the deepening relationship between an organization’s accounts receivable (AR) operations and its clients’ accounts payable processes. 1st Commercial Credit Discusses Payables Finance.

B2B 67

B2B accounts payable Real Estate accounting and finance 67

PYMNTS

JANUARY 8, 2021

Today in B2B payments, ActiveWorx launches its B2B payment optimization tool, while PayJunction debuts an eInvoicing feature. ActiveWorx Introduces B2B Payments Offering on AP Platform. has rolled out B2B payments optimization offerings on its platform. ActiveWorx, Inc. ActiveWorx, Inc.

B2B 86

B2B Technology Finance Government 86

PYMNTS

DECEMBER 16, 2020

And in B2B payments, firms are revising and automating their transaction methods amid the pandemic. 69.8% : Share of accounting payable professionals who wanted to innovate AP to save time in 2019. 1.3B : Amount the Illinois state government spent on check disbursements in 2019. All this, Today in Data.

B2B 65

B2B Illinois accounts payable Government 65

PYMNTS

OCTOBER 6, 2020

At least insofar as 2020 has shaped up, and especially where B2B payments have been concerned. Every company in the world is wrestling right now with their accounts payable (AP) and accounts receivable (AR) and they are pondering why they are still reliant on physical checks. Improving the B2B Customer Experience.

B2B 84

B2B Technology accounting and finance B2C 84

PYMNTS

DECEMBER 17, 2018

The company said its Kodak Services for Business will include invoice automation as the company pushes for further accounts payable (AP) automation capability. The solution provides businesses and government entities with a tool to integrate AP automation into their existing back-end functions. Bou in a statement.

accounts payable 49

accounts payable Technology AP Automation Account 49

PYMNTS

JULY 27, 2020

This week’s Data Digest looks at the latest in B2B payments fraud and the invoice’s role in supplier payment redirect scams, credential theft and more. Although the release did not indicate why, the value of B2B invoice and payment scams continues to climb, making this strategy a popular one among cybercriminals.

B2B 101

B2B accounts payable Government accounted 101

PYMNTS

NOVEMBER 9, 2020

This week's B2B Data Digest looks at the latest stats in the fight against late payments, and finds several instances in which the COVID-19 crisis has exacerbated the late payments problem. According to reports, these B2B payment delays are exacerbating the challenge of businesses to recover amid the pandemic.

B2B 70

B2B Ohio accounts payable Construction 70

PYMNTS

OCTOBER 15, 2018

Call it the yin and yang of B2B payments — inseparable and contradictory opposites. Buyers want to hang onto payables, saving cash in the till until the very last minute. Suppliers, of course, want to collect on receivables outstanding, getting cash into accounts for goods and services provided.

Technology 75

Technology B2B accounting and finance accounts payable 75

PYMNTS

SEPTEMBER 10, 2019

The B2B payments discussion often centers around innovators’ efforts to kill the check. There is no straight line to killing the check, but in the path to B2B payments innovation, a plethora of possibilities emerges. B2B Payments’ Innovation Agenda. According to Phalen, that includes speed, transparency and global scale.

B2B 59

B2B accounts payable Technology Accounts Payable Automation 59

PYMNTS

MARCH 31, 2020

No one payment rail can solve every point of friction in B2B payments. Although the solution was initially designed for migrant workers to move money abroad more easily, the mobile app, which uses a QR code to facilitate global payments, could address global payments friction in a B2B context as well, the companies said.

B2B 77

B2B payroll accounting and finance Finance 77

CPA Practice

JANUARY 23, 2023

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. They are chartered by governments to steward money and move money around. But there’s one big piece of B2B payment infrastructure that they don’t have: vendor networks.

accounts payable 52

accounts payable Technology Account accountant 52

PYMNTS

DECEMBER 2, 2016

We’re covering two weeks’ worth of B2B venture capital funding, and across the board, India has come out on top. But the largest venture capital funding round went to an accounts payable automation firm in the U.S. But the largest venture capital funding round went to an accounts payable automation firm in the U.S.

B2B 53

B2B Accounts Payable Automation accounts payable Travel Expense Management 53

PYMNTS

SEPTEMBER 28, 2020

This week's B2B Data Digest looks at the latest figures behind such fraud targeting corporate finance teams. According to the report, as many as 500 people have been identified by the government as having potentially committed fraud. million was stolen from one company via accounts payable (AP) fraud , the Chicago Tribune reported.

accounts payable 96

accounts payable B2B California accounting and finance 96

PYMNTS

NOVEMBER 2, 2020

Everlink Payment Services is teaming with workflow solutions provider FINTAINIUM to offer B2B and B2C payments in real time, leveraging the ISO 20022 global standard, according to a press release. Commercial banking platforms, small businesses, corporations and government entities alike can access the service, the release stated.

B2C 64

B2C B2B accounts payable Technology 64

PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. B2B Drives ACH Volume Up. and abroad.

B2B 56

B2B B2C accounts payable Healthcare 56

PYMNTS

SEPTEMBER 7, 2020

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. The year 2020 began inconspicuously — but in a few short weeks, everything changed.

B2B 98

B2B accounts payable payroll accounting and finance 98

PYMNTS

MAY 8, 2020

When the pandemic arrived in early 2020, a preponderance of B2B payments was still being made by paper checks, along with all the messy precursors to those checks, from Excel spreadsheets to outdated accounts payable (AP) systems to – no disrespect – the U.S. Postal Service. What response time do we have?’”. Delivering on CX.

B2B 53

B2B accounts payable Government Account 53

PYMNTS

SEPTEMBER 17, 2018

Paper checks have long been used in the B2B industry, serving as one of the few ubiquitous payment methods in an otherwise highly fragmented market. Perhaps unsurprisingly, a large portion of companies expect their B2B payments to go digital. Now, many businesses are looking to change that. As much as 35.4 As much as 35.4

B2B 46

B2B Accounts Payable Automation accounts payable payroll 46

PYMNTS

NOVEMBER 5, 2018

According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.”. ACH may be the most popular ePayments rail option for B2B transactions in the U.S. today, but it’s not the only one.

B2B 68

B2B accounts payable accounting and finance Government 68

PYMNTS

JANUARY 18, 2021

government's inability to curb the risk of fraud that emerged during the first round of PPP funding. This week's B2B Data Digest takes a look at the numbers behind the latest instances of fraud, including fraudulent invoices, corporate tax scams and more. $19 But new concerns are mounting over the U.S. Homeland Security investigators.

B2B 87

B2B Massachusetts accounts payable tax return 87

PYMNTS

SEPTEMBER 15, 2020

Postal Service have added yet another hurdle to the payment method, which can affect everything from accounts payable (AP) to payroll to insurance disbursements. With payment innovators looking to migrate B2B payments away from paper, a growing number of payment rails and technologies are helping to ease the pain of the shift.

accounts payable 105

accounts payable payroll B2B Government 105

PYMNTS

NOVEMBER 3, 2020

3) that it has completed its multimillion-dollar acquisition of CPS Payment Services , a B2B payments and accounts payable (AP) automation technology provider. Repay Holdings said on Tuesday (Nov. We are thrilled to announce the quick completion of the CPS acquisition,” Morris said in a press release.

AP Automation 56

AP Automation accounts payable B2B Technology 56

PYMNTS

OCTOBER 9, 2019

The company also pointed to optimized cash flow services and access to credit lines as key benefits for UAE business clients, as well as a lower cost of global payments, improved card acceptance among travel suppliers, and a lower resource burden on the accounts payable department. “In

accounts payable 68

accounts payable B2B Government accounted 68

PYMNTS

JANUARY 14, 2021

Modern Treasury Raises Funding To Accelerate B2B Payments. With $38 million in fresh funding , accounts payable (AP) solution provider Modern Treasury is looking to further accelerate B2B payments. trillion in B2B transactions in the U.S. Noting that more than $18.5

Vermont 62

Vermont accounts payable B2B Government 62

PYMNTS

APRIL 7, 2020

This has resulted in business-to-business (B2B) offerings such as mobile apps that help provide small business owners better overview and management of their companies’ bank accounts, as well as their accounts payable (AP) and accounts receivable (AR). Around The B2B API World. About The Tracker.

B2B 63

B2B accounts payable accounting and finance Sales 63

PYMNTS

OCTOBER 2, 2019

Some of them have been mandated by governments, readying for anticipated demand. As a result, he predicted that the entrenchment of faster payments will be a linear progression that moves from consumer-to-consumer (C2C) to consumer-to-business (C2B), then to business-to-consumer (B2C) to business-to-business (B2B).

B2C 81

B2C B2B accounts payable Gaming 81

PYMNTS

FEBRUARY 24, 2020

This week’s B2B Data Digest takes a look at the latest data points behind more cases of B2B payments fraud. Analysis of BEC complaints filed in 2019 found that BEC scams accounted for nearly half of the $3.5 The scam involved an email claiming a new bank account connected to remittance payments.

North Carolina 65

North Carolina Tax Construction B2B 65

PYMNTS

AUGUST 9, 2019

FinTech investments targeting B2B and corporate services spanned the globe, with particular concentration this past week in SMB lending across India and Europe. The Series C round was led by CDC Group, which in turn operates as a UK government owned VC fund. The company also offers B2B payment acceptance tools. Cybereason.

B2B 46

B2B Technology accounting and finance accounts payable 46

PYMNTS

NOVEMBER 24, 2020

There are hidden costs in accounts payable processes undertaken through traditional means – and some of those costs are not necessarily transparent. As Nick Reid, director of B2B partner development at Conferma , said in an interview with PYMNTS, virtual cards can help eliminate those hidden costs.

accountant 72

accountant accounted Account accounts payable 72

PYMNTS

NOVEMBER 30, 2020

In Australia, the government could be looking at mandatory eInvoicing for companies, according to a report by Accountants Daily. There could be some kind of sanction for businesses not complying with the government's mandate. The effort would be phased in and start first with the biggest businesses, the report says.

B2B 76

B2B accounting software Government Account 76

PYMNTS

NOVEMBER 16, 2018

In a week of multiple nine-figure venture capital funding rounds, B2B FinTech has proved it plans to end the year on a high note. Below, PYMNTS breaks down the more than $912 million raised by B2B FinTech firms this week. Federal Government. Automation Anywhere. Fluidly.

Technology 77

Technology accounting and finance accounts payable B2B 77

PYMNTS

DECEMBER 16, 2019

Unfortunately, this time of year fails to bring relief for businesses that fall victim to corporate and B2B payments fraud, too. Yet, analysts warn, as cross-border B2B payment volumes rise, so does the risk of fraud. In the U.S., More on that below.).

North Carolina 59

North Carolina accounts payable Delaware B2B 59

PYMNTS

SEPTEMBER 18, 2020

The COVID-19 pandemic has hit smaller businesses hard, with many seeking new sources of funding such as government-sponsored loans to keep afloat. There is a small subset of our customers that still prefer to send us checks.”.

bookkeeping 96

bookkeeping Illinois accounts payable B2B 96

PYMNTS

DECEMBER 8, 2016

businesses are attracted to digital invoicing for a slew of financial benefits: faster, more efficient accounts payable and reconciliation processes, a reduction in the threat of errors due to manual data entry and ability to capture early payment discounts thanks to an accelerated invoice management process. In the U.S., Still, U.S.

accounts payable 64

accounts payable Government auditor Technology 64

PYMNTS

MARCH 30, 2018

Combined, more than $337 million in funding will fuel growth for an array of B2B startups that revealed their latest funding rounds this week. ZP Group incorporates three units: a government cybersecurity contractor, a human capital and staffing service and a security advisory firm. B2B Payments. Cybersecurity.

B2B 46

B2B California Technology Hospitality 46

PYMNTS

SEPTEMBER 19, 2018

government taking additional measures to combat late payments, it’s possible that FinTech firms may have an even greater availability of information about organizations’ accounts payable (AP) practices, particularly following the adoption of Open Banking and PSD2 regulations. Other government efforts in the U.K.

accounting and finance 64

accounting and finance accounts payable Government Finance 64