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6 Accounts Payable Automation Trends To Watch in 2023

MineralTree

As the top back-office digitization priority for the last two years, accounts payable is a great example of a tool that is trusted amongst finance teams to simultaneously target multiple areas of concern including security, process inefficiencies, and disorganized AP workflows. of their annual revenues.

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Accounts payable vs. accounts receivable: What are the differences?

ThomsonReuters

Accounts payable and accounts receivable are opposite but interconnected procedures. When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. Let’s take a look at their differences. What is the difference between accounts receivable and accounts payable?

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Brexit Raises The Stakes For B2B Payments Fraud

PYMNTS

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. But accounts payable is far from the only back-office financial workflow at risk of fraud. While current fraud tools are helpful, there is no systemic or automated option for accomplishing this," Nacha warned.

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Payroll Considers Its Cash Flow Influence

PYMNTS

Automatically looping information across various financial platforms — including accounts payable (AP), accounts receivable (AR) and expenses — is critical to achieving a real-time view of cash positions and developing more accurate forecasts. The Value Of Integration.

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On-Demand Payroll Leads B2B FinTech Funding

PYMNTS

This week saw B2B FinTechs targeting a range of pain points for business customers around the world, as investors put nearly $462 million in combined funding into the space. According to Cora, SMBs are underserved by traditional lenders in Brazil despite accounting for two-thirds of the nation’s GDP. From Singapore to the U.K.,

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Check Launches With $35 Million To Streamline Payroll

PYMNTS

Payroll infrastructure startup Check , which purports to simplify the payroll process, launched publicly Wednesday (Jan. However, without a similar program for payroll, the release stated, developers have seen difficulties getting payments from businesses to their employees. tax jurisdictions with their own sets of rules.

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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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