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Digitizing B2B Payments: Virtual Cards Save CFOs Invoicing And Payments Hassles

PYMNTS

These strains are prompting more construction firms to turn to faster, digital means of conducting their B2B transactions. The November CFO’s Guide To Digitizing B2B Payments report examines how companies are modernizing their AP and accounts receivable (AR) processes for smoother procurement experiences.

B2B 64
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Heightened geopolitical tension in 2024 will result in rising invoice fraud

Accounting Insight

To help this collaboration, businesses should take steps such as implementing AI and automation tools to detect any suspicious activities or anomalies within the Accounts Payable (AP) process. Eventually B2B will be aligned with B2C, offering seamless payment experiences such as text-to-pay.

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4 Priorities for Finance Teams in Late 2023

CPA Practice

Accurate Data Analysis Most every area of the business today can leverage data to improve the way they manage their operations and increase their profitability. Finance is no exception and AP in particular offers valuable insights.

Finance 98
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How APIs Are Helping FIs Meet SMBs’ Payment Needs

PYMNTS

They may instead win greater loyalty by helping businesses seamlessly use the various financial tools they want to employ. Business owners may be frustrated by having to log in to several systems to view different processes’ statuses, Haider added, but APIs can eliminate barriers between features and functions.

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How An Integrated AP Management Approach Can Boost The Bottom Line

PYMNTS

Finding a solution with these attributes is key to payment automation success for businesses. Solutions should tie in seamlessly with a business’ accounting system, and facilitate a single process for all payment types, said Moran. The most basic building block of AP management can be a point of friction, she noted.