Remove Accounts Payable Remove B2B Remove Currencies Remove Prioritization
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Healthcare's Back Office Catches Up To The Industry's Digitization Push

PYMNTS

B2B payments in the healthcare industry are undoubtedly complex, thanks to the intricacies of coordination between healthcare providers, suppliers and insurance firms. In the accounts receivable (AR) function, Franco noted that Nurx implemented lockboxes in order to centralize the receipt of paper checks from insurance companies.

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Faster Payments Takes Off For Corporates, But Not Blockchain

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But a company’s interest and efforts to adopt new technologies does not always mean that all B2B payment processes are improved. Instead, new research suggests that the enterprise is embracing some tools and tech (but not all), and applying them to some aspects of B2B payments (but not all).

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How Digital Assets Could Reshape The Future Of Corporate Treasury

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“As you progress, and digital assets start to integrate into finance, then you start to see companies looking to hedge [foreign exchange (FX)] exposure, or looking to reduce an emerging market currency volatility, by holding digital assets.”. According to Sully, the message is “modernize today so you can integrate tomorrow.”.

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Aavenir Adds More Efficient Data Extraction Tools To Invoiceflow

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And, the release says, new intelligent assignment and prioritization of invoice processing requests via digital workflows, which will help accounts payable (AP) departments manage workload.

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Canadian Firms Want Greater Supplier Payment Choice, Survey Finds

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The organization recently announced the results of a new survey that found SMBs across Canada wanted more choice in payment technologies for point-of-sale (POS) systems as well as for the back office in accounts payable.

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Faster Payments Isn’t A Priority For Most Of The World’s Corporates

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An accounts payable team can now see their entire processes automated, from invoice management to payment, meaning suppliers get compensated quickly, digitally and regardless of geographical location. These are the types of international payments that need to land in a country in both local currency and others, like the U.S.

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Beyond Auto-Pilot For Recurring SME Expenses

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Automating the accounts payable process has become a paramount priority for businesses looking to achieve top-tier performance levels. Kremer said he is witnessing a rise in SMEs prioritizing payments security, which could cause businesses to need some time before they’re comfortable with fully automating an expense.