PYMNTS

AUGUST 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. In June, Centsoft introduced AP automation for companies in the construction sector.

AP Automation 69

AP Automation Construction Technology accounts payable 69

PYMNTS

NOVEMBER 9, 2020

Many of these processes are decades-old and must follow complex regulatory guidelines, as is the case in the construction industry. Construction companies are facing both time and cash crunches due to dwindling work opportunities and slower payment timelines during the crisis. Late or lagging payment processes can expand costs.

Construction 91

Construction Technology accounts payable AP Processes 91

PYMNTS

NOVEMBER 5, 2020

Construction companies need to ensure they can swiftly purchase materials and other supplies to complete their projects and maintain steady cashflows. Many corporate buyers are finding that using paper checks increases their accounts payable (AP) expenses unnecessarily as well, and vendors often want to get paid faster than checks allow.

B2B 64

B2B AP Processes Construction accounts payable 64

PYMNTS

NOVEMBER 2, 2020

The connection will let firms that have invested in Aptean digitize their AP processes with Palette's offering. In separate news, Palette Software introduced AP automation technology that is meant for companies in the engineering and construction spaces, per news in August.

AP Automation 56

AP Automation Technology Approval Workflows AP Processes 56

PYMNTS

JULY 30, 2020

The bots use optical character recognition (OCR), natural language process (NLP), and self-learning functions in “altogether new ways,” the announcement stated. The company’s collection of AI bots for the AP process now include bots for cost allocation, fraud detection, invoice reading and inbox managing.

AP Automation 60

AP Automation Technology accounts payable NetSuite 60

PYMNTS

DECEMBER 11, 2019

That’s because AR and accounts payable (AP) processes are intrinsically connected. Pain points experienced by B2B vendors when collecting cash will inevitably seep into their own AP processes. “My belief has been that a cross-border payment is actually a synthetic construct,” he said. ”

B2B 53

B2B accounts payable AP Processes Construction 53

PYMNTS

OCTOBER 1, 2020

At a high level, said Disque, the embrace of automated accounts payable (AP) processes has been consistent across verticals. CSI, he noted, has insight into a number of industries, where the payment processing platform (focused on integrated payables) aggregates and accepts payments on behalf of a wide range of businesses.

AP Automation 77

AP Automation Technology AP Processes Hospitality 77