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Mastercard Weighs In On B2B Payments’ Tipping Point

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In B2B payments, the tipping point looms — away from checks and toward payments done electronically. Mastercard’s most recent earnings results, released Tuesday (October 30), underscore the lure of B2B payments done beyond paper means. Easier Payments, Done Securely and with Richer Data.

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Tackling AP Automation’s ‘Chicken-And-Egg’ Problem

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Many AP professionals who are holding out on investing in automation are unsure of what kind of return on investment (ROI) these services can offer. Around The Next-Gen AP Automation World. More efficient access to data and analytics is among the potential benefits that automation promises. About The Tracker.

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How Automation Turns AP Into A Revenue Generator

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The move toward automation may meet resistance, as he detailed, because the accounts payable process is oftentimes considered a less strategic function and other projects and functions are viewed as higher priority. This generation will not accept using ‘old looking’ B2B software,” he said.

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AP Automation’s ROI For Businesses And Suppliers

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Organizations evaluating the return on investment (ROI) of accounts payable (AP) automation find obvious benefits from cost savings, early payment discounts and rebate-earning opportunities. He further explained how such a business-to-business (B2B) innovation gap can impact the logistics industry. .

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Convincing Businesses They Need An AP Overhaul

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“While AP and finance managers are more inclined to care about AP-specific factors, such as process efficiency and error reduction, the C-suite has a broader vantage point that puts a premium on strategy and oversight on an organization-wide level,” the report notes. There are also fears of security and data sensitivity.

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eInvoices Propelling Real-Time Economy, Blockchain

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While initially only used to move digital currency, the blockchain is now considered a way to also transport digital documents to streamline cross-border transactions and do so securely. Finally, the outlet noted, eInvoicing is beginning to play an important role in the adoption of blockchain technology.

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Beanworks Looks to Help Businesses Update Outdated Accounting Technology

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In corporate accounting, accounts payable and B2B payments, traditional FIs are slowing down innovation that could one day bring these areas up to speed with corporate payments, the executive explained. Beanworks wasn’t the only B2B payments and FinTech company this week to land fresh funding. There is a ton of regulation.”.