PYMNTS

JUNE 19, 2020

Under the plan, publicly-traded companies are ineligible, and hospitality and lodging businesses chains would be limited to a total of $2 million in loans, the report said. This legislation prioritizes smaller businesses, particularly those in the restaurant and hospitality industries, which have been hit especially hard in recent months.”.

Delaware

PYMNTS

MAY 21, 2020

As he told PYMNTS in an interview done through written exchange, the hospitality industry has long been marked by ever-increasing booking volume; high margins; and relatively high trust between stakeholders. eInvoicing can streamline accounts payable processes and improve relationships with suppliers. “An

B2B

PYMNTS

DECEMBER 23, 2020

Firms in other sectors often provide goods and services to clients, then submit invoices and receive payments, but health clinics and hospitals go through less-straightforward approaches to obtaining compensation. Healthcare providers face uniquely complex payment flows. Around The B2B Payments Landscape.

Technology

PYMNTS

AUGUST 4, 2020

Not all corporates are in a position to accelerate accounts payable (AP) or extend trade financing programs to vendors, with players in industries like travel and hospitality in a particularly precarious situation. That’s not to discount the very real cash flow challenges businesses around the world continue to face today.

Finance

PYMNTS

JULY 2, 2020

Often at the center of this initiative is the accounts payable (AP) department — and unsurprisingly for these volatile times, the strategy can turn toward lengthening the days payable outstanding (DPO). “We’re seeing a lot more of that mentality.”

accounts payable

PYMNTS

APRIL 9, 2020

Cash crunches and B2B payment slowdowns are the new reality for many firms, particularly those in the transportation and hospitality sectors, where Leavitt predicted a meaningful decline in corporate spend in the coming months.

B2B

PANALITIX

JANUARY 5, 2021

The CFO should have laser-like focus on how improved inventory management, accounts receivable and accounts payable affects the business. The CFO developed reports to highlight slow-paying clients and renegotiated payment terms with others resulting in an injection of cash into the business and reduced Accounts Receivable.

accounting and finance

PYMNTS

AUGUST 3, 2016

The latest soapbox to do so was Becker’s Hospital Review ‘s 7th Annual Meeting held last month. The event, sponsored by American Express, focused on the ways health care organizations can manage the exit of paper, manual-based accounts payable processes and progress into digital B2B payments.

Hospitality

PYMNTS

JANUARY 28, 2020

Many accounts payable (AP) professionals turning to electronic payments to streamline their companies’ payment processes — specifically, how they pay invoices from suppliers — are putting virtual cards at the top of their lists, and for good reason. A recent report by PYMNTS found that 46.4 About The Tracker.

AP Automation

PYMNTS

OCTOBER 1, 2020

At a high level, said Disque, the embrace of automated accounts payable (AP) processes has been consistent across verticals. CSI, he noted, has insight into a number of industries, where the payment processing platform (focused on integrated payables) aggregates and accepts payments on behalf of a wide range of businesses.

AP Automation

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.

AP Automation

PYMNTS

NOVEMBER 19, 2020

In the continuous movement toward automating B2B payments – and especially payables – the pandemic is pushing firms to examine internal workflows and embrace the touchless process. Robotic process automation and accounts payable (AP) automation can be blended into solutions that are verticalized for specific tasks.

AP Automation

PYMNTS

APRIL 19, 2019

Aimed at consolidating spend across accounts payable, employee expenses and other processes, Airbase offers companies a way to manage and control the money that flows out of a business. The company said it plans to use the investment to further build out its lending operations. Chainalysis.

B2B

PYMNTS

APRIL 16, 2020

However, Tipalti Co-founder and CEO Chen Amit said he’s noticed more businesses taking the leap into accounts payable (AP) automation to mitigate the friction that comes with a remote workforce and cash flow pressures. Some firms, like those in the travel and hospitality market, remain in a particularly tough situation.

Finance

CPA Practice

MARCH 27, 2024

That’s according to a new survey from Avalara of accounts payable departments, accounting, finance, and tax professionals that focus on managing use tax obligations. Avalara, Inc. , Use tax is an indirect tax levied on the use, storage, or consumption of tangible personal property or services, and is paid for by the purchaser.

Technology

PYMNTS

OCTOBER 11, 2016

When Sourcery launched, CEO Na’ama Moran said there was a bit of a chicken-and-egg issue: She wanted the company to become a holistic B2B payments player, but should it begin with accounts receivable or accounts payable? But like the chicken and egg, AP and AR are connected: You can’t have one without the other.

B2B

PYMNTS

SEPTEMBER 29, 2020

Advances in artificial intelligence (AI) and automation technology has introduced a whole host of ways to help corporate finance teams from accounts payable (AP) to accounts receivable (AR) recover hours lost to what has traditionally been manual tasks.

Technology

PYMNTS

JULY 10, 2020

Senate Majority Leader, said he could be open to further stimulus checks for people, noting that the most impacted workers make approximately $40,000 annually or under and a number of them are in hospitality. Amex, Discover, Mastercard And Visa Take Click to Pay Global . Why FIs Are Taking A Behind-The-Scenes Approach To Fighting Fraud.

Technology

PYMNTS

FEBRUARY 19, 2018

Reports in ZDNet said Webjet’s Blockchain-as-a-Service platform Rezchain deploys smart contracts to ensure hotel companies are able to reconcile accounts receivable (AR) and accounts payable (AP), and has just signed agreements with four travel brands to use the tool.

B2B

PYMNTS

MARCH 8, 2018

They are impacting the way car dealerships, hospitality companies, banks and freelance workers exchange money across borders. In Australia, a hospitality company is putting blockchain solutions to work on payment reconciliation. Travel booking firm Webjet recently debuted its blockchain-as-a-service (BaaS) platform, Rezchain.

Hospitality

PYMNTS

NOVEMBER 8, 2019

Bottomline Technologies reported fiscal first-quarter results that showed continued traction in areas of digital banking and accounts payable (AP) technologies. Paymode-X was adopted by a leading eCommerce company as well as several hospitals and healthcare providers, according to the CEO. percent to $108.1

AP Automation

PYMNTS

JUNE 13, 2016

33% of procurement officials don’t have a procurement management system , at least those in the Middle East across the hospitality industry. 88% of finance professionals anticipate a rise in payments fraud , said TD Bank in its latest analysis.

Hospitality

Cherry Bekaert

APRIL 3, 2023

RPA at Work As a multi-specialty telemedicine provider for hospitals, clinics and remote locations nationwide, the healthcare organization offers 24 inpatient and outpatient specialties via virtual consultations.

Technology

PYMNTS

MARCH 30, 2018

Targeting the hospitality industry, xtraCHEF recently announced $3 million in funding provided by Laconia Capital Group, Connectivity Ventures, The Howard Sukonick Investment Group and Ben Franklin Technology Partners.

B2B

PYMNTS

FEBRUARY 14, 2018

Mastercard is, in effect, using the Boost Payment Solutions gateway to make funds and related data flow more seamlessly between the accounts payable (AP) and accounts receivable (AR) sides of the buyer/supplier equation.

B2B

PYMNTS

JANUARY 20, 2017

From there, they can integrate it directly into their ERP system in order to generate the virtual cards as part of their own accounts payable process. “We’ve created the capability, with our virtual card platform, to actually deliver a push payment into the supplier’s account.

accounts payable

PYMNTS

DECEMBER 29, 2020

Hospitals and clinics seeking payment for services rendered generally send claims to patients’ insurance plans, along with any additional documentation that may be helpful in explaining the procedures performed. Healthcare and insurance providers are therefore often reluctant to take on the risk of automating these data exchanges.

Healthcare

Snyder

FEBRUARY 1, 2023

For example, a retail company could use BPA to automate order processing and inventory management, while a financial institution could automate accounts payable and receivable. Are you engaged in the hospitality industry? Automating processes can help companies become more efficient and competitive.

Technology

Withum

JULY 2, 2024

In 2021, Oracle NetSuite acquired FarApp, a leading developer of Oracle NetSuite pre-configured connectors for eCommerce, logistics, retail and hospitality. There are also various middleware tools (Celigo, In8Sync, MuleSoft, Boomi, and more) available in the market that can help with these integrations.

NetSuite

Ryan Lazanis

SEPTEMBER 1, 2023

Below are some of the best cloud accounting software for small businesses. 1) QuickBooks Online A true juggernaut in the small business accounting software space, QuickBooks Online is widely known across firms and self-employed business owners alike as one of the best accounting software products. 11) Dext I love me some Dext.

accounting software

PYMNTS

DECEMBER 10, 2020

Further, hospitals and other healthcare entities typically operate on a just-in-time ordering basis in order to adjust purchasing based on their changing needs. Indeed, these entities must purchase food and beverage, cleaning supplies, office supplies and more to fully operate.

Healthcare