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AP Automation Company Stampli Nets $61M in VC Funding

CPA Practice

Stampli , a provider of AI-powered accounts payable automation, today announced that it has raised $61 million in a Series D venture funding round led by funds managed by Blackstone, with the participation of existing investors Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital.

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Palette Unveils AP Automation Software For Construction Firms

PYMNTS

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. Finance administrators and project managers both benefit from automation of the accounts payable process.

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How Automation Can Remove Vendor Onboarding Frictions

PYMNTS

Such technology can also help companies keep up with competitors by eliminating frictions throughout the AP process involving onboarding vendors and tracking payments. Businesses must be able to understand these variations when they begin onboarding, he added, so Sage Intacct has also built automation into its onboarding solutions.

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Crowe Launches Cash Management Solution For Hospitals

PYMNTS

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. Hospitals can often struggle to manually reconcile cash flow coming from multiple sources.

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What New Payment Rails Miss About Solving B2B’s Remittance Challenge

PYMNTS

B2B payments’ innovation trajectory continues to accelerate as more end-point solutions emerge to improve the vast number of friction points in the industry. Achieving this goal in improving B2B payments means moving beyond the transaction itself. It’s no longer just about the payment,” he told PYMNTS in a recent interview.

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How Data Guides A New Era For The ERP

PYMNTS

Enterprise cloud migrations have opened up the ability for smaller businesses to adopt ERP technology once reserved for the largest corporates. The boom in B2B FinTech has introduced a flurry of new solutions and platforms from which corporates and small businesses can choose. The ERP’s Role in a FinTech World. Disruption Ahead.

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How Virtual Cards Can Help Businesses Stay On Top Of Spend Management

PYMNTS

Some firms have better adjusted to new digital tendencies than others, especially when it comes to keeping track of B2B payments and spend management. Bringing Virtual Cards To A Virtual B2B World. data entry into our general ledger accounting system,” he explained.