PYMNTS

DECEMBER 29, 2020

Although it occurred under dire circumstances, 2020 was the year that many organizations finally ditched the paper check in B2B payments — or, at the very least, helped to move the needle toward electronic payments. B2B payments are messier than B2C payments," said Chanda.

B2B 114

B2B Reconciliations Accounts Payable Invoicing 114

PYMNTS

JULY 27, 2020

Although there are countless ways a cybercriminal can swindle funds from a company — either from the outside or within — it’s often the invoice at the center of the crime. This week’s Data Digest looks at the latest in B2B payments fraud and the invoice’s role in supplier payment redirect scams, credential theft and more.

Invoicing 101

Invoicing Accounts Payable Advertising B2B 101

PYMNTS

NOVEMBER 5, 2020

Transacting with vendors through paper checks and receiving paper invoices have become more difficult due to postal service disruptions, companies’ shifts to working out of office and financial strains, however. These strains are prompting more construction firms to turn to faster, digital means of conducting their B2B transactions.

Invoicing 64

Invoicing B2B Construction Accounts Payable 64

PYMNTS

APRIL 29, 2020

Checks and paper invoices have long been integrated into supply chains from start to finish — and for well-established reasons, he said. “I Many companies see no need to invest in building new B2B payment infrastructures if suppliers are happy with checks. They must therefore examine new B2B payment technologies with more caution. “On

Invoicing 52

Invoicing B2B Accounts Payable Technology 52

PYMNTS

NOVEMBER 4, 2020

Even with the digitization of the invoice, fraud remains a rampant problem, and it's not only the buy-side of the B2B equation faced with the consequences. Deepfake technology means criminals can masquerade their own voices to convince unwitting employees to approve an invoice for payment, for instance. It's just inefficient.".

Invoicing 90

Invoicing Auditing B2B Accounts Payable 90

PYMNTS

MAY 14, 2020

American Express is teaming up with Invoiced to help customers with an exclusive offer for 40 percent off an Invoiced subscription for the first two years. percent still receive invoice information via paper mail. percent still receive invoice information via paper mail.

Invoicing 96

Invoicing B2B Communication Accounting 96

PYMNTS

NOVEMBER 10, 2020

Accounts payable (AP) and payment automation provider AvidXchange has rolled out a connection with Concur® Invoice for vendor payments. Concur Invoice lets companies ingest and digitize invoices via machine learning, integrating the payments in one system to supervise expenditures. 10) announcement. 10) announcement.

Invoicing 88

Invoicing Accounts Payable SAP B2B 88

PYMNTS

DECEMBER 15, 2020

Buyers, too, are eager for change and need to adopt accounts payable (AP) methods that are easily managed by employees working from home. Frictions like these are pushing more businesses to rethink their legacy approaches to business-to-business (B2B) payments and adopting various digital options for sending money. About The Report.

Healthcare 107

Healthcare B2B Invoicing Accounts Payable 107

PYMNTS

DECEMBER 28, 2020

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. But accounts payable is far from the only back-office financial workflow at risk of fraud. The DOJ accuses the individual of fraudulently invoicing more than $1.5 Department of Justice revealed. million in customs costs.

B2B 116

B2B Accounts Payable Invoicing Manufacturing 116

PYMNTS

NOVEMBER 3, 2020

The company has connected its SecurePay payment gateway solution within the accounting platform, allowing for SMBs to generate invoices and receive payment without having to leave QuickBooks. According to Yakov, it can certainly support digitization of B2B payments, with SecurePay able to support both ACH and card transactions. "I

Invoicing 60

Invoicing B2B Accounts Payable eCommerce 60

PYMNTS

DECEMBER 13, 2020

Paymerang , which works in accounts payable (AP) automation, has debuted its new Invoice Automation Solution, which a press release stated will help organizations with efficiency, accuracy, visibility and getting rid of manual paper processes. He added that it also helps companies go paperless via electronic processing and archiving.

Invoicing 112

Invoicing Accounts Payable Risk Management Budgeting 112

PYMNTS

AUGUST 3, 2020

When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. With accounts payable professionals working remotely, Anderson said he’s heard from some firms whose AP staff have had to physically take check-printing machines to their homes — opening up the door for fraudulent activity. ” $18.5

B2B 131

B2B Invoicing Accounts Payable Accounting 131

PYMNTS

JULY 3, 2020

There are a multitude of benefits that open banking brings to B2B payments. Corporate accounting software can use open banking to automatically access bank information rather than rely on outdated and insecure practices like screen scraping. Benefits Of Open Banking For B2B Payments. Open Banking Initiatives Around The World.

B2B 111

B2B Banking Invoicing Reconciliations 111

PYMNTS

DECEMBER 30, 2020

The B2B payments ecosystem experienced a sudden and dramatic acceleration of change upon the onset of the global pandemic, and its impacts reach far beyond the mere digitization of the B2B transaction. The Coexistence Of Rails. Often, that means the cooperation of multiple rails at once.

B2B 119

B2B Accounts Payable Invoicing B2C 119

PYMNTS

NOVEMBER 25, 2020

In B2B payments, the path to making transactions as seamless and invisible as possible is often about closing the gap that separates buyer and supplier. While a growing population of B2B FinTech solutions has helped to connect B2B buyers and sellers, more platforms can create more friction on either end of the equation.

B2B 116

B2B Invoicing Reconciliations Accounting 116

PYMNTS

DECEMBER 9, 2020

The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations. It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market.

B2C 118

B2C B2B Accounts Payable Invoicing 118

PYMNTS

APRIL 27, 2020

Challenger bank Shine , a French startup, has introduced a new program to insure invoices to help make sure they are paid, according to a TechCrunch report. With Shine’s new service, after an invoice goes unpaid for a certain amount of time, the bank contacts the other company to remind them to pay.

Invoicing 70

Invoicing B2B Startups Accounting 70

PYMNTS

FEBRUARY 2, 2020

Accounting software providers MYOB and Xero are exploring invoice finance solutions while retaliation ensues in the background regarding products that charge fees to small businesses in exchange for faster access to unpaid accounts. The practice gives suppliers shorter payment times in exchange for slashing an invoice value.

Invoicing 52

Invoicing Accounting Firms Finance Accounting 52

PYMNTS

OCTOBER 22, 2020

Old-school business-to-business (B2B) transaction methods like sending and waiting on checks and physical invoices are more difficult to stick with now that many offices are closed and financial teams are working from home. How B2B Sellers Overcome International AR Challenges. Clients are not the only ones causing slow payments.

Invoicing 63

Invoicing B2B Foreign Exchange Accounts Payable 63

PYMNTS

DECEMBER 10, 2020

Digitizing and modernizing B2B payments cannot be a one-sided effort. Increasingly, FinTechs and the businesses they serve are pulling double duty with solutions that tackle both accounts receivable and accounts payable friction for each end of the B2B transaction. Wells Fargo, Bill.com Pull Double Duty With Partnership.

Accounts Payable 60

Accounts Payable Accounting B2B Invoicing 60

PYMNTS

JUNE 17, 2020

Today, B2B payment terms are in dramatic flux, while supply chain disruptions have led to bottlenecks that leave some vendors in short supply of cash. But, as Pizzituti noted, this “is not the only metric that should be taken into account” along the underwriting process. ”

Invoicing 68

Invoicing Finance B2B Credit Risk 68

PYMNTS

JANUARY 25, 2021

To help customers handle their accounts receivable (AR) while conserving time and financial resources, pre-accounting technology company Expensify unveiled a bolstered invoicing feature. Unlike accounting, pre-accounting is less defined in terms of who is responsible, so it often falls victim to a tragedy of the commons.

Invoicing 99

Invoicing Accounting Technology B2B 99

PYMNTS

DECEMBER 29, 2020

The B2B payments landscape has always been evolving, but change in the industry has never been more acute than right now. But the challenge of igniting B2B payments innovation may not be as arduous as many chief financial officers (CFOs) and others believe, said Josh Cyphers , president of Nvoicepay , a FLEETCOR company alongside Comdata.

B2B 82

B2B Accounts Payable Invoicing Reconciliations 82

PYMNTS

MAY 4, 2020

Office closures and remote working mandates have created an uncomfortable wakeup call for accounts payable (AP) and accounts receivable (AR) departments that continue to rely on manual, paper-based processes. “The ultimate B2B payment is really a virtual card,” he said. And there are a lot of them.

Invoicing 66

Invoicing Accounts Payable B2B Reconciliations 66

PYMNTS

MAY 13, 2020

Late payments have always plagued business-to-business (B2B) commerce, but the problem is coming to a new head. Accounts payable (AP) tools that provide quick, detailed oversights of businesses’ financial statuses and payments obligations can help pick up the pace of payments by keeping invoice approval processes on track.

Invoicing 79

Invoicing Accounts Payable B2B Budgeting 79

PYMNTS

NOVEMBER 18, 2020

New Jersey-based invoice-to-cash platform Billtrust has upgraded the machine learning (ML) capabilities of its business-to-business (B2B) cash application software, the company announced Wednesday (Nov. The goal is to quickly convert payments to cash. The goal is to quickly convert payments to cash.

B2B 102

B2B Accounts Payable Invoicing CFO 102

PYMNTS

JANUARY 11, 2021

Having invoices financed is one way to combat late B2B payments, but in Europe, one watchdog is raising concerns that new standards for default may see a dramatic rise in soured debts. In this week's B2B Data Digest, PYMNTS rounds up the latest data on late payments, including the stats behind the EBA's new rules.

B2B 70

B2B Invoicing Finance Retail 70

PYMNTS

NOVEMBER 3, 2020

Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Plus, Everlink strikes a partnership for real-time B2B payments. Everlink, FINTAINIUM Team Up To Offer Real-Time B2B, B2C Payments. Palette Software Integrates With Aptean ERP For B2B AP Automation.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

PYMNTS

JANUARY 13, 2021

The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. Shields noted that accurately predicting anticipated invoice payment dates can have ripple effects throughout an organization. “No The problems are analog.

Accounting 94

Accounting Invoicing B2B Treasury 94

PYMNTS

SEPTEMBER 29, 2020

The pain points that accounts receivable (AR) teams most commonly experience can be boiled down to three underlying and related problems: continued reliance on manual AR management practices, and the resulting lack of speed and high operating costs associated with managing receivables. Reliance on manual processes has far-reaching effects.

Accounting 121

Accounting B2B Invoicing Prioritization 121

PYMNTS

FEBRUARY 26, 2020

More and more, B2B payment solutions are focusing less on single end-points of friction, and more on the overall picture of how money (and data) moves from one business to another. That means emerging services are multitasking, easing friction for both accounts payable and accounts receivable. Tipalti Reallocates The Workload.

Accounting 72

Accounting Accounts Payable Invoicing General Ledger 72

PYMNTS

DECEMBER 2, 2020

There’s an imbalance in B2B payments — between buyers and suppliers, and between automation on one side of the cash flow equation and manual, paper-based processes on the other. Aquilina said that’s partly because historically, B2B payments innovation efforts — especially via FinTechs — have focused on buyers. Change Is In The Air .

B2B 79

B2B Invoicing Accounts Payable Reconciliations 79

PYMNTS

MARCH 3, 2020

It’s not difficult for a supplier to tell when accounts receivable (AR) processes are not optimized. Late payments, invoice disputes and even fraud are all glaring red flags of AR inefficiencies and friction. Invoice-to-Cash Optimization. A Trusted Relationship. Yet managing this information is key to receiving payment.

Accounting 74

Accounting Invoicing Reconciliations B2B 74

PYMNTS

DECEMBER 17, 2018

14) that it is introducing an invoice automation feature. The company said its Kodak Services for Business will include invoice automation as the company pushes for further accounts payable (AP) automation capability. The function, based in the cloud, automates invoice capture and data entry, as well as invoice validation.

Accounts Payable 49

Accounts Payable Invoicing Accounting Technology 49

PYMNTS

JANUARY 13, 2020

As Travelex works to regain control of its systems, restore operations and mitigate any future fallout from the incident, the cyberattack is yet another reminder that one company’s cyber vulnerabilities can have far-reaching effects throughout the B2B supply chain. According to local Kentucky Today reports, $1.5

B2B 89

B2B Invoicing Currencies Construction 89

PYMNTS

MARCH 31, 2020

No one payment rail can solve every point of friction in B2B payments. This week’s look at payment rail innovation explores how corporates and FinTech providers embrace variety to ease friction in card acceptance, employee payroll and invoice payments. Crypto.com Enables Crypto Invoice Payments.

B2B 77

B2B Invoicing Banking Leadership 77

PYMNTS

JULY 6, 2020

Steady digitization in stale B2B payments and the open banking movement are two closely related and increasingly exuberant expressions of money’s digital makeover. Impacts expected from open banking on the laggard B2B payments space are hard to understate. It’s worth the effort, as the growing number of B2B payments use cases prove.

B2B 76

B2B Banking Invoicing Education 76