PYMNTS

APRIL 17, 2020

Smooth accounts payable (AP) processes are critical in the spice business, in which purveyors must send funds securely to vast numbers of distributors and growers worldwide. … We don’t write it down even, [but] it’s all in our accounts payable [system],”.

accounts payable 60

accounts payable accounted Account accountant 60

PYMNTS

MAY 14, 2020

Cafe closures during the coronavirus pandemic have reduced retail opportunities for tea brands, but consumers are still ordering their favorites online or loading up on them at grocery stores. Almost 80 percent of Americans drink tea , twisting open icy bottles on hot summer days and relaxing over steaming mugs in colder weather.

Technology 89

Technology Retail accounts payable Manufacturing 89

Airbase

OCTOBER 25, 2023

Procurement has traditionally been a centralized function developed out of a need to control the purchase of the items that go into COGs — the materials used in making products or the inventory that retailers purchase for resale. This is why we’re seeing intake solution providers adding accounts payable automation to their offering.

AP Automation 130

AP Automation accounts payable Approval Workflows Technology 130

PYMNTS

DECEMBER 9, 2020

When Home Depot announced last month its plans to acquire HD Supply Holdings , it wasn’t just a sign of expansion for the home improvement retailer. For a consumer-facing retailer, these workflows can be unfamiliar and add a flood of friction into the sales process. The Outsourced FinTech Opportunity.

B2C 118

B2C B2B Technology accounts payable 118

PYMNTS

DECEMBER 22, 2020

This week's look at the convergence of accounts payable and accounts receivable finds tools like commercial cards, trade credit, artificial intelligence and robotics process automation easing friction on both ends of a B2B transactions. PYMNTS And CSI Eye AR-AP's Digital Shift. Robotics Process Automation Tackles AR-AP Friction.

Technology 79

Technology accounts payable B2B Legal 79

PYMNTS

APRIL 14, 2020

Retail demand has risen sharply for items like home cleaning supplies and groceries, while dropping off in other product categories, leaving companies to adjust to these shifting purchasing patterns. The global pandemic has thrown businesses into an entirely new playing field and left many scrambling to act.

B2B 119

B2B accounts payable Transportation Manufacturing 119

PYMNTS

NOVEMBER 18, 2020

The workers can then use these cards to make retail payments in-stores and online, as well as collect cash at the ATM. How Mobile Apps Are Easing Retail Payments In India. The effort comes as part of a larger governmental push to expand residents’ access to eCommerce and reduce the amount of cash that needs to be printed.

payroll 88

payroll accounts payable Retail Account 88

PYMNTS

DECEMBER 27, 2019

In today’s top news in payments, Amazon applied for a patent for hand recognition software, and retail sales reached new heights thanks to record online spending. Mastercard: Holiday eCommerce Nearly 15 Pct Of Retail Sales. Retail sales hit record highs this holiday season, thanks to massive growth in online spending, which was up 18.8

AP Automation 52

AP Automation Sales AP Processes Retail 52

PYMNTS

DECEMBER 15, 2020

Considering the complexities of B2B transactions , cash is not a sustainable method of moving funds from a retail buyer to a cannabis brand distributor or wholesaler. Retailers were being approached by sales reps, inventory was being managed on white boards and sales were in spreadsheets," Gordon said.

Legal 111

Legal B2B AP Processes accounts payable 111

PYMNTS

JUNE 20, 2019

Retailers focused on combating fraud have credit cards in the cross-hairs of their efforts. And just as false positives can jeopardize the business-consumer relationship, so can they negatively affect the buyer-supplier relationship in the accounts payable and accounts receivable context. The False Positive Threat.

B2B 73

B2B accounts payable B2C Technology 73

ThomsonReuters

OCTOBER 29, 2024

The tax, accounts receivable, and accounts payable teams must be aligned with other functions throughout the organization, from finance and procurement to operations, IT and beyond. They must undergo a digital transformation of their tools, processes, skillsets, and the way their entire organization approaches indirect tax.

Technology 52

Technology accounting and finance Tax accounts payable 52

Reckon

OCTOBER 17, 2023

If you’re running a retail shop or thinking of starting up in the retailing space , you should be looking at cloud accounting to make your business life easier and more efficient. Cloud accounting solutions can do far more for your business than just running the books. Work smarter, not harder!

Retail 52

Retail Account accountant accounted 52

PYMNTS

SEPTEMBER 26, 2019

Mastercard is aligning with clothing retailers in a global effort to digitally pay factory garment workers to ensure they consistently get paid, the company said in a press release on Thursday (Sept. Industry partners include Levi Strauss & Co., Marks & Spencer and VF Corporation.

Retail 52

Retail accounts payable payroll Gaming 52

PANALITIX

JANUARY 5, 2021

Example: An online retailer achieved considerable customer growth through investment in online promotional campaigns. The CFO should have laser-like focus on how improved inventory management, accounts receivable and accounts payable affects the business. How can we strengthen the Balance Sheet?

accounting and finance 130

accounting and finance accounts payable Start-ups Hospitality 130

PYMNTS

APRIL 28, 2020

There are more tools available than ever to help SMBs move their accounts payable (AP) and accounts receivable (AR) processes forward to become more efficient. Moving from paper to digital has evolved for business-to-consumer (B2C) payments in recent years, but upgrading business-to-business (B2B) payments has taken longer.

B2C 94

B2C AP Processes B2B accounts payable 94

PYMNTS

AUGUST 6, 2020

. “We are leaving behind siloed accounts and manual transactions and building towards fully automated and point-to-point money movement,” CEO and Founder Stephany Kirkpatrick said in a statement. Accounts payable (AP) and receivable (AR) technology firm Bottomline Technologies announced its open banking-powered service in the U.K.

Technology 110

Technology accounts payable Account accounted 110

PYMNTS

JULY 17, 2020

Local reports in Naija247News noted the company aims to digitize retail supply chains and address the industry’s fragmentation as it looks to expand into new markets on the continent. Further, the company is stepping into the FinTech arena, with plans to roll out financial products like credit facilities for retail buyers.

B2B 90

B2B Technology accounts payable accounting and finance 90

PYMNTS

FEBRUARY 6, 2019

Yooz launched an automated accounts payable (AP) solution based on the cloud for the U.K. Mall of the Emirates retailers are set to accept WeChat Pay in the U.A.E. , P2P software provider Yooz rolled out an automated accounts payable (AP) solution based on the cloud, according to reports. In the U.K. ,

Retail 43

Retail B2C AP Automation Technology 43

PYMNTS

JANUARY 24, 2020

Accounts payable automation company AvidXchange secured $260 million in new funding this week, with investors at TPG Sixth Street Partners leading the equity capital investment. AvidXchange. Berkshire Grey.

B2B 79

B2B Technology Accounts Payable Automation accounts payable 79

PYMNTS

OCTOBER 13, 2020

Commercial real estate accounts payable platform seller Nexus and property management software producer Entrata have integrated their services, the companies announced Tuesday (Oct. Nexus and Entrata both serve multi-family, student housing, commercial real estate, mixed retail and senior housing, according to the companies.

Real Estate 56

Real Estate AP Automation accounts payable Technology 56

PYMNTS

APRIL 26, 2018

Fashion designer brand Marc Jacobs is collaborating with Microsoft to address key challenges in the industry’s supply chain management and accounts payable (AP) processes. The companies announced news on Wednesday (April 25) that they are partnering to enhance Marc Jacobs’ accounts payable and invoice processing capabilities.

accounts payable 49

accounts payable AP Automation AP Processes accounted 49

PYMNTS

SEPTEMBER 8, 2020

Yet the impact of B2B payments digitization has a ripple effect that reaches far beyond the accounts payable and accounts receivable department. In the near future," he said, "it is going to be a thing that penetrates the value chain right through to distributor collections from their retail customers.

B2B 86

B2B accounts payable Gaming Account 86

PYMNTS

SEPTEMBER 18, 2020

Cash flow is thus still king, according to Caleb Benoit , founder of Illinois-based retail and wholesale coffee company Connect Roasters. The microbusiness seeks to keep most of its payments digital so that operations — and cash flow — can run transparently and smoothly, Benoit said. “One

bookkeeping 96

bookkeeping Illinois accounts payable B2B 96

PYMNTS

DECEMBER 24, 2020

And, in business-to-business (B2B) payments, modernizations can help firms in the medical sector overcome some of their accounts payable (AP) and accounts receivable (AR) frictions, while in connected vehicles, an “ iCar ” could finally be coming to fruition as soon as 2024. All this, Today in Data.

B2B 74

B2B accounts payable Manufacturing Account 74

PYMNTS

FEBRUARY 11, 2019

Cash flow is steady when accounts payable and accounts receivable are well managed. Hiccups in accounts receivable — such as not getting paid on time — mean that business owners can struggle to meet their own financial obligations.

accounts payable 81

accounts payable Government Retail Account 81

PYMNTS

OCTOBER 14, 2020

Many verticals have been able to pivot into the digital age, such as grocers who shifted to delivery models (“it only took them a few weeks to solve daily delivery,” he told Webster) and retailers who offer curbside pickup. Restaurants and retailers without that digital flexibility have fared less well, of course.

B2B 97

B2B Technology accounts payable Start-ups 97

PYMNTS

JANUARY 20, 2021

One accounts payable person even told us that they viewed gift cards as the Wild West of their taxing obligation.”. He cited the National Retail Federation , which found gift cards have been a top gift for over a decade. “If We’ve talked to a number of companies that brought it up,” Salvione said.

Tax 93

Tax accounts payable accounting and finance Finance 93

PYMNTS

DECEMBER 6, 2019

Accounts payable (AP) departments must evolve to meet the needs of gig workers, who typically make a living stringing together individual projects or gigs on the side to cover living expenses. Independent and company-hired truckers haul goods across the nation, keeping retailers supplied and in operation.

payroll 74

payroll accounts payable Technology B2B 74

PYMNTS

SEPTEMBER 18, 2018

When it comes to treasury market offerings, banks have historically started wholesale and retail lockbox businesses. In turn, a company may receive a deposit in their bank account a couple of days later and have to pull the remittance information from the supplier site.

accounts payable 68

accounts payable Retail Account accounted 68

PYMNTS

OCTOBER 20, 2020

Accounts payable and payments automation solution MineralTree has added automated PO and invoice matching for cloud-based accounting and financial management platform Sage Intacct , a press release says.

AP Automation 52

AP Automation accounts payable Technology Healthcare 52

inDinero Accounting

JUNE 29, 2023

GAAP Methods for Recording Transactions Accrued expenses and accounts payable are the two main liability categories that businesses must record using accrual accounting. Accrued expenses and accounts payable are two types of liabilities found in most companies’ financial statements.

accrual accounting 97

accrual accounting accounting principles accounts payable accounting and finance 97

PYMNTS

DECEMBER 27, 2019

Companies are responding to this increased need for more innovative payment technologies and accounts payable (AP) systems by upgrading their offerings. Neither commercial nor retail customers can tolerate slow payments, and they get increasingly frustrated when they are asked to deal with these methods. About the Tracker.

AP Automation 52

AP Automation Technology accounts payable B2B 52

PYMNTS

NOVEMBER 9, 2020

In addition to seeking excess discounts and canceling orders, the vendors have revealed delayed payment practices in Transformers' new report, "Ending Unethical Brand and Retailer Behavior: The Denim Supply Chain Speaks Up." In one instance, a brand required 60-day payment terms of a vendor, then filed for bankruptcy 14 days later.

B2B 70

B2B Ohio accounts payable Construction 70

PYMNTS

JANUARY 24, 2020

Marijuana retail company MedMen is in the midst of a cash crunch in the industry, and it has been offering its vendors shares in the company in lieu of payment, according to a report Thursday (Jan. 23) by MarketWatch. .

accounts payable 54

accounts payable Retail Account accountant 54

PYMNTS

DECEMBER 16, 2020

69.8% : Share of accounting payable professionals who wanted to innovate AP to save time in 2019. And in B2B payments, firms are revising and automating their transaction methods amid the pandemic. All this, Today in Data. Data: 256 : Number of supercenters and grocery locations across MI, IN, KY, OH, IL and WI run by Meijer.

B2B 65

B2B Illinois accounts payable Government 65

PYMNTS

SEPTEMBER 21, 2019

“Cybercriminals continue to be creative in their attacks, turning their attention to industries such as manufacturing to retail, and using cloud technology and software like common mobile apps to their advantage,” he said in a statement last week. ” The U.S.

accounts payable 80

accounts payable Manufacturing payroll Technology 80

PYMNTS

DECEMBER 30, 2020

Snap Accounts Payable, otherwise known as SnapAP, has announced the completion of the first stage of funding from angel investors as it continues on its way toward a planned $2 million seed investment round. Offering a suite of B2B services to retail businesses, U.K.-based Brightpearl.

B2B 84

B2B B2C accounting and finance accounts payable 84