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AP Automation Is Ready For WFH Accounting

PYMNTS

Legacy payment options like paper are getting nudged out by faster better methods like credit cards, which are more cost-effective for buyers’ accounts payable (AP) teams to send and quicker for suppliers’ accounts receivable (AR) professionals to receive. It’s time for a solid path to AP modernization, and the industry gets it.

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More CFOs Managing WFH With AP Automation

PYMNTS

“Companies are now working to revamp and upgrade their accounts payable (AP) strategies to suit an environment in which financial teams must work remotely and in which cash flow strains are especially likely,” the new Guide states. And operations still using manual accounts payable (AP) methods are really rethinking things. “A

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Why 85 Pct Of Companies Want AP Automation

PYMNTS

In manufacturing plants, call centers and many other workplaces, automation is the standard. However, when it comes to corporate accounting departments, automation is still the exception. Yet, even with so much to gain, 59 percent of businesses have yet to implement any form of AP automation.

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The Gig Economy Grows Up

PYMNTS

Companies that outsource large amounts of work in a freelance model are learning that legacy accounting software isn’t set up for that. As detailed in the report, California’s Assembly Bill 5 may be an unwelcome disruption for gig workers, even as it attempts to bring fairness and corporate accountability to their lives.

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WEX’s Dearborn Says B2B Payments Has Reached Tipping Point

PYMNTS

I really don’t think in today’s day and age that you can ignore the AP or the AR digitization question,” Dearborn said of the increasing merge of the corporate accounts payable and accounts receivable functions. And apparently, he’s not alone. How Do We Get There?

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Invu Reports That AP Execs Say A Need For Upgrades Is ?Urgent?

PYMNTS

This week’s B2B payments Data Digest rounds up top statistics from Invu’s report that led the AP automation firm to call for change. In its survey of 200 financial decisions at U.K. Twenty-three percent of survey respondents say purchasing processes must be fixed ‘as a matter of urgency.’

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Corcentric’s eInvoice Takeover Expands AP Reach

PYMNTS

Corcentric announced a new acquisition to help the company expand its reach into the corporate accounts payable space. 27) that it reached a deal to acquire eInvoicing provider InfoAccess.net, a move that pulls InfoAccess.net’s list of corporate clients under the Corcentric umbrella. The firm said Thursday (Oct.