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.

Healthcare 107

Healthcare B2B Invoicing Accounts Payable 107

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

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

JULY 14, 2020

American Express has launched a new automated accounts payable solution, American Express One AP, to help businesses digitize B2B payment processing, according to a press release. And the digital shift is going to be permanent for many areas of life, with companies exploring new ways to digitize payment processes.

B2B 101

B2B Accounts Payable Invoicing Accounting 101

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 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.

Invoicing 88

Invoicing Accounts Payable SAP B2B 88

PYMNTS

JULY 3, 2020

Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. “Companies are increasingly looking to more efficiently manage the accounts payable process,” he said.

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

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. LogicGate Eyes AR's Role In Changing AP Behavior.

Accounts Payable 60

Accounts Payable Accounting B2B Invoicing 60

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

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.

B2B 102

B2B Accounts Payable Invoicing CFO 102

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

OCTOBER 6, 2020

The pandemic has upended supply chains, and upended accounts payable (AP) processes – requiring companies of all sizes and types to move toward digital (and high-tech-powered) means to transform back-office functions. The updates, the company said, will speed invoice processing by 10 times and cut processing costs by 80 percent.

Invoicing 93

Invoicing Accounts Payable Auditing Accounting 93

PYMNTS

MARCH 18, 2020

Employing accounts payable (AP) automation solutions can help smooth onboarding and streamline the data collection and analyzing processes, removing the many friction points that are prone to legacy systems. Automated services could cut an average of 40 days from their invoice processing time.

Accounts Payable 66

Accounts Payable Accounting Invoicing Data Analysis 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

DECEMBER 14, 2020

Amid market volatility, organizations are finding it imperative to accelerate their accounts receivables while extending accounts payables and still maintaining positive buyer-supplier relationships. Accounts receivable and accounts payable are two key functions of the enterprise with significant impact on cash flow.

Accounts Payable 123

Accounts Payable Cash Flow Forecasting Invoicing Prioritization 123

PYMNTS

DECEMBER 3, 2020

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. That, according to Kofax, shows a focus among business leaders on using more automation to boost operational efficiency, according to the release.

Accounts Payable 69

Accounts Payable Accounting Invoicing Compliance 69

PYMNTS

JANUARY 20, 2021

Among the largest is the ongoing use of paper and manual workflows like invoice processing. Manual invoicing is your worst enemy,” said Ramachandran, highlighting its risks and challenges related to fraud, errors and inefficient auditing.

B2B 125

B2B Invoicing Prioritization Corporate Finance 125

PYMNTS

JUNE 25, 2020

As accounts payable (AP) and accounts receivable (AR) operations continue to converge for many organizations, buyers and suppliers are increasingly acknowledging the value of using each other’s technology platforms to promote stronger B2B relationships. Peasy Explores The Early Payment Incentive.

Invoicing 112

Invoicing Accounts Payable B2B Currencies 112

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 21, 2020

In an interview with PYMNTS, Xavier Ginesta , chairman at Voxel Group , which focuses on B2B payments, said that friction exists for B2B payments within the travel space — but that friction can be eased with eBilling and ePayments. He said that technology can help relieve some of the pain points of B2B travel payments.

B2B 94

B2B Invoicing Accounts Payable Currencies 94

PYMNTS

JULY 22, 2020

While other departments may have abandoned manual, paper-based strategies years ago, accounts payable (AP) and finance departments held their ground on practices that seem to have changed little since the 1970s. For years, there has been a quiet shift in the B2B payments space. where they account for 75 percent of all invoices.

Accounts Payable 60

Accounts Payable Accounting Invoicing B2B 60

PYMNTS

NOVEMBER 26, 2020

Business-to-business (B2B) payment practices are undergoing some of the most notable shifts as corporate buyers and sellers seek new transaction methods and tools to help them pay and be paid quickly. That means leaving old-fashioned AR methods behind, as many corporate clients no longer want to receive invoices in the mail. . “It

Invoicing 67

Invoicing B2B Accounts Payable Reconciliations 67

PYMNTS

FEBRUARY 1, 2021

At the same time, as this week's B2B Data Digest reveals, fraud can come from many sources, not only outside of the enterprise. From commercial card misuse to invoice fraud, internal employees can be the bad actors, too. million was stolen by a National Australia Bank (NAB) ex-employee in an invoice scam , reports in ABC.net said.

Invoicing 136

Invoicing Microsoft Office Accounts Payable B2B 136

PYMNTS

APRIL 17, 2020

With only four investment rounds, B2B FinTechs were able to secure more than $181 million in fresh funding — an impressive sum amid turbulent times. By streamlining invoice processing, Previse said, it reduces friction for AP teams so small suppliers can get paid more quickly.

B2B 77

B2B Accounts Payable Invoicing Startups 77

PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. “I think everybody recognizes that B2B payments are an enormous opportunity in the U.S.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

PYMNTS

DECEMBER 1, 2020

Businesses also may find paper checks to be untenably slow and cumbersome to issue or receive from far-flung partners, and such trends are causing a growing global momentum for adopting swifter, more streamlined accounts payable (AP) tools and business-to-business (B2B) payment methods. Find the full story in the Playbook.

B2B 87

B2B Accounts Payable Invoicing Economics 87

PYMNTS

APRIL 20, 2020

Finnish software firm Basware has announced an upgrade of its accounts payable (AP) automation solution to allow increased functionality for invoicing. AP Pro delivers a completely new user interface allowing easy tracking of invoices in all stages of processing,” said Basware Director of AP Automation Products Olav Maas.

Invoicing 72

Invoicing Accounts Payable Accounting B2B 72

PYMNTS

JUNE 20, 2019

Indeed, as B2B organizations begin to pay closer attention to the rising threat of fraud in the procure-to-pay process, the issue of false positives can result in similarly negative consequences, from declined card payments to broken vendor relationships. This isn’t merely an issue for the B2C world, however. The False Positive Threat.

B2B 73

B2B Accounts Payable Invoicing B2C 73

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

OCTOBER 14, 2020

To streamline B2B payments, MineralTree company Regal Software unveiled its RegalPay One offering in a Wednesday (Oct. The company noted that $27 trillion in B2B payments are conducted yearly in North America, while firms spend $510 billion on manual AP expenses in making those payments. 14) announcement.

B2B 82

B2B Banking Accounts Payable Reconciliations 82

PYMNTS

OCTOBER 29, 2018

Accounts payable (AP) automation certainly has the potential to transform the invoice-to-pay process by allowing employees to turn their attention from monotonous, manual tasks to more value-added ones. “Old suppliers are constantly dropping off, and new suppliers are continually being added.

B2B 73

B2B Accounts Payable Invoicing Accounting 73

PYMNTS

MAY 14, 2020

Invoice inaccuracies caused by either honest mistakes or deliberate fraud quickly add up if not caught and corrected, and unexpected monetary drains cause budgets to fall short of projections. Three-Way Invoice Matching. Forry noted that automating invoice processing and using three-way matching help prevent billing mistakes.

Invoicing 89

Invoicing Retail Accounts Payable Manufacturing 89

PYMNTS

MAY 12, 2020

To automate accounts payable (AP) procedures, Ephesoft, Inc. rolled out its Semantik Invoice cloud-based data acquisition product. ” The reader technology of Ephesoft recognizes important fields like invoice date, ship date and terms, among other data. .” days, AP processing is ripe for innovation.”

Invoicing 68

Invoicing Accounts Payable Forecasting Accounting 68

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

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

OCTOBER 20, 2020

In the bid to modernize B2B payments , accounts receivable (AR) and accounts payable (AP) need to work together. Bloh said that direct connectivity can enable real-time confirmation of invoice information and real-time reconciliation of payments, among other activities. When we look at the offline processes, 99.5

B2B 104

B2B Accounts Payable Treasury Invoicing 104

PYMNTS

DECEMBER 9, 2020

Bill.com and Wells Fargo are partnering on a new feature called Bill Manager to help small- to medium-sized businesses (SMBs) access automation for the accounts payable (AP) and accounts receivable (AR) process, according to a press release emailed to PYMNTS.

Accounts Payable 113

Accounts Payable Invoicing Accounting Banking 113