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How TCS Guernsey Reduced AP Tasks From 3 Days to 10 Minutes

Accounting Insight

The bookkeeping business now uses Lightyear to automate the accounts payable (AP) and bookkeeping processes for 37 clients, mainly in hospitality and retail. The Never-Ending Statement Nightmare Working with hospitality and retail clients results in a high volume of invoices to process. . ” explains Millie.

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BNY Mellon On The Two Key Factors For AP Automation

PYMNTS

In the latest Next-Gen AP Automation Tracker , PYMNTS examines the way that B2B payment needs are shifting, and how firms are responding to these needs with innovative technologies and products. Across The AP Automation Space. How Innovative Payment Methods Are Helping Drive AP Automation. About the Tracker.

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American Express: Rebound In (Non-T&E) Consumer Spend — Online Retail Up 20 Pct

PYMNTS

The firm especially saw gains in non-travel and expense card-not-present activity related to categories such as retail. CNP And Retail Spend . In terms of industry spend, retail spending made up 36 percent of Q3’s total (up 3 percent year on year), but retail offline spend was down 10 percent. billion from a year ago.

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Top News in Payments: Amazon Seeks Patent For Hand Recognition; Record Holiday Retail Sales

PYMNTS

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

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Leading analyst IDC recognizes innovation in procurement solutions.

Airbase

AP Automation Tour Explore 3-way matching in our AP Automation Product tour. 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.

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How Three-Way Invoice Matching Automation Safeguards Retailers’ Revenues

PYMNTS

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.

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Today In B2B: Orange Bank's SMB Takeover; EU Supply Chain Default Fears

PYMNTS

Plus, Udaan lands funding for B2B eCommerce technology, Kofax collaborates on AP automation and Bringg partners for B2B delivery. Kofax, Microsoft Team on Enhancing AP Automation. Bringg Joins Forces With Uber in Retail, B2B Delivery Deal. Supply Chain Finance Firms Could See Spike in Defaults in Europe.

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