PYMNTS

OCTOBER 29, 2019

The real estate industry is a popular target for FinTech innovators, particularly when it comes to new services and products that target renters and homeowners. The opportunities of real estate FinTech are vast, and innovation is far from slowing down, according to Ian M. Back-Office Innovation.

B2C 41

B2C Real Estate B2B Technology 41

CPA Practice

OCTOBER 3, 2023

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.

AP Automation 59

AP Automation Technology Accounts Payable Automation accounts payable 59

PYMNTS

SEPTEMBER 15, 2020

It also offers accounts payable (AP) automation that controls vendor account data, while harnessing biometrics and machine learning for the purposes of identity verification and compliance. The offering allows purchasers to install automated and online payments in a month or sooner.

AP Automation 70

AP Automation B2B Real Estate Technology 70

PYMNTS

DECEMBER 12, 2019

There is as yet no Venmo or Zelle for the $38 trillion global business-to-business (B2B) payments sector. That’s surprising for several reasons, and here’s a good one: nearly 70 percent of accounts payable (AP) professionals say suppliers value payments speed above all. Out with the Old.

B2B 52

B2B Real Estate accounts payable Technology 52

CPA Practice

AUGUST 3, 2023

AvidXchange, a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, has announced that John Feldman has been elevated to the role of Chief Operating Officer of AvidXchange, Inc.

AP Automation 52

AP Automation North Carolina Real Estate Technology 52

PYMNTS

AUGUST 14, 2018

What will it take for the payment method to find its way into mainstream B2B payments use cases, particularly for middle market companies that are heavy users of ACH today for paying suppliers? Elmore used real estate as an example, saying that for AvidXchange clients, the average real estate transaction stands at $1,300. “We

B2B 40

B2B Real Estate accounts payable Technology 40

PYMNTS

JUNE 4, 2020

In response, corporate accounting FinTechs and financial consultants have introduced a range of new services and technologies in an effort to help organizations with lease agreements adapt. But these tools typically focus on the lessee of assets like equipment and real estate, said Nakisa Head of Global Solutions Engineering Imran Mia.

Real Estate 52

Real Estate Account accountant accounted 52

PYMNTS

SEPTEMBER 2, 2020

In the world of B2B, direct sales models certainly have their benefits. Yet when the pandemic hit, for some industries this traditional B2B sales model was no longer sustainable. Without third-party distributors, brands can have a direct, more personalized relationship with their corporate customers.

B2B 76

B2B Real Estate accounts payable Sales 76

PYMNTS

JANUARY 29, 2020

Commercial cards continue to explore more use cases to optimize spend for businesses, from accounts payable (AP) to employee travel and expense management. Increasingly, the corporate card industry is also looking at ways to take advantage of the unique challenges in particular industries.

accounts payable 56

accounts payable Expense Management AP Automation Technology 56

PYMNTS

FEBRUARY 27, 2020

“It was an invoice supposedly sent by my assistant to my bookkeeper approving the payment for a real estate renovation. There was no reason to be suspicious as I invest in a lot of real estate.”.

Real Estate 56

Real Estate bookkeeping accounts payable Account 56

PYMNTS

MARCH 9, 2020

Below, PYMNTS breaks down the data behind the latest stories in B2B payments fraud, including cyberattacks, the Business Email Compromise, invoice fraud and more. million, a reflection of how B2B invoices can be used to defraud government entities, too.

Real Estate 56

Real Estate B2B payroll accounts payable 56

PYMNTS

SEPTEMBER 8, 2020

To assist businesses in automating their accounts payable (AP) expediently and cost-effectively, AvidXchange has rolled out its “ Boost your Business ” program. The update will enable the automation of vendor payments from procurement to purchase order, billing and payment and is part of the RealPage Accounting and Financial Suite.

Technology 57

Technology accounts payable Real Estate accounting and finance 57

PYMNTS

JULY 6, 2020

This week’s look at the latest cases of B2B fraud finds a surge of business email compromise (BEC) attacks, as well as emerging trends in fraud related to government coronavirus relief efforts. 34 percent of furloughed employees were asked to commit furlough fraud , according to a survey from U.K. .

accounts payable 59

accounts payable Missouri Real Estate payroll 59

PYMNTS

MARCH 10, 2020

In separate news, Nexus was growing its partnership with MRI Software to integrate supplier payment functionality within the real estate solutions of MRI per news in December. Suppliers’ data is also checked automation against the list of the Office of Foreign Assets Control (OFAC).

accounts payable 56

accounts payable Real Estate Technology Account 56

PYMNTS

NOVEMBER 16, 2018

By its very nature, accounts payable (AP) is a cost center: It’s where money leaves the enterprise, after all. At the highest levels, accounts payable has the opportunity to even add money to businesses, too. “There are a lot of cost savings from a real estate standpoint,” she said.

AP Automation 63

AP Automation Technology accounts payable AP Processes 63

PYMNTS

APRIL 23, 2019

In a press release issued on Monday (April 22), Sage announced an integration between its Sage 300 Construction Real Estate platform and a benchmarking tool that is widely used in the industry. The integration also means Sage users can automate their submission of data to the Benchmarker Survey.

Construction 46

Construction Technology Finance Real Estate 46

PYMNTS

JANUARY 29, 2020

Virtual cards have been spreading across the B2B payment space because of their cost-saving benefits for both companies and suppliers. These cards’ account numbers correspond with certain vendors, and have predetermined spending limits, enabling accounts payable (AP) professionals to better manage expenses, control cash flow and fight fraud.

Technology 52

Technology AP Automation accounts payable B2B 52

PYMNTS

JUNE 13, 2019

As much as 80 percent of firms still rely on paper checks when it comes to making business-to-business (B2B) payments. As noted in the May Faster Payments Tracker , the global real-time payments market is expected to grow 30 percent between 2018 and 2025. Why B2B Lags. How about a bigger number, though equally disquieting?

B2C 66

B2C B2B Real Estate accounts payable 66

PYMNTS

OCTOBER 17, 2016

The B2B realm is rife with paper, it’s no secret. And any number of firms are looking to aid finance professionals in reducing paper inflows and outflows — a bottleneck where accounts payable is concerned. And where there are inefficiencies in AP, there are inefficiencies in cash flow.

AP Automation 53

AP Automation accounts payable Real Estate Construction 53

PYMNTS

AUGUST 12, 2019

percent of an enterprise’s non-payroll business spend is accounts-payable based and 3.7 The scheme was centered around the premise that real estate loans would pay high levels of interest. In fact, the real estate was owned by Shapiro or did not exist — and represented a Ponzi scheme.

Sports 59

Sports Real Estate accounts payable audit 59

PYMNTS

DECEMBER 27, 2019

Most in the accounts payable (AP) world would like to move their operations to digital systems that tap into automated technology for faster payments, but that, unfortunately, requires every partner institution and vendor to match their own company’s innovation speed, says Carl Slabicki, head of strategic payment solutions at BNY Mellon.

Spend Management 40

Spend Management AP Automation Tax accounts payable 40

PYMNTS

SEPTEMBER 13, 2018

Visa ‘s next initiative to disrupt B2B payments is focusing on the real estate market. The company is pairing up with Nexus Systems , a provider of accounts payable (AP) solutions for the real estate industry, to streamline supplier payments for joint customers, the companies said in a press release Wednesday (Sept.

Real Estate 43

Real Estate B2B accounts payable Spend Management Platform 43

PYMNTS

JANUARY 10, 2019

Even when technologies come close to addressing multiple challenges that exist today when sending, receiving and reconciling B2B payments, those benefits typically come with a cost — whether it be the interchange fees of cards or the burden of replacing legacy infrastructure.

Real Estate 61

Real Estate AP Automation accounts payable B2B 61

PYMNTS

OCTOBER 23, 2019

The B2B eCommerce market has taken a path to innovation and digitization inspired by the ease and speed of B2C commerce. But the B2B market quickly discovered that platforms designed for consumers fall well short of corporates’ needs, both for buyers and vendors. That loss of productivity is a real quantifiable metric.”.

Manufacturing 40

Manufacturing B2B Real Estate B2C 40

PYMNTS

SEPTEMBER 21, 2018

While that may be true, in the real estate sector, suppliers are considered such valuable partners that late payments are avoided at all costs, said Jennifer Coolidge, founder and president of real estate accounts payable (AP) solution provider Nexus.

Real Estate 53

Real Estate accounts payable AP Processes B2B 53

PYMNTS

AUGUST 30, 2019

based B2B startups took control of the funding reins this week, with five of the seven newly-funded technology firms based stateside. PYMNTS breaks down the latest B2B startup investment rounds below. But it was the workspace sharing industry that saw the most funding. based Industrious hopes to disrupt it.

B2B 40

B2B California Technology Real Estate 40

PYMNTS

FEBRUARY 15, 2018

Elsewhere, SMBs based in India recently got their own new solution to make and receive B2B payments. This offering, developed by Visa and B2B payment solution provider PayMate, works to automate payment processes such as accounts payable and receivable, electronic invoicing and cash flow management.

Real Estate 43

Real Estate accounts payable B2B Healthcare 43

PYMNTS

OCTOBER 18, 2019

It was a week of (mostly) Series A funding rounds for B2B FinTech firms, as startups secured new funding to tackle various parts of the broader business-to-business (B2B) payment process. In all, nearly $142 million was placed with B2B startups, and PYMNTS breaks down all of the latest rounds below. based Mable has secured $3.1

B2B 40

B2B Technology Real Estate accounting and finance 40

PYMNTS

FEBRUARY 1, 2021

Today in B2B payments, TD Bank forms the new Commercial Bank, FLEETCOR acquires Roger, and City National Bank pairs up on virtual corporate cards. Plus, OnPay strikes accounts payable partnership and an OECD digital tax deal looms. FLEETCOR Buys AP Platform Provider Roger. Terms of the transaction were not disclosed.

B2B 52

B2B AP Automation accounts payable Technology 52