PYMNTS

JUNE 12, 2019

In an interview with Doug Cranston, vice president of product management at Bottomline, the executive noted that in the age of speed, fraudsters are able to more easily exploit firms’ vulnerabilities, compromise their accounts payable process and get away with ill-gotten gains, often to vanish without a trace.

Accounts Payable 62

Accounts Payable Accounting Invoicing Securities 62

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 25, 2020

Companies long-used to sending and receiving paper invoices and checks are finding that digital methods can deliver funds and billing information at a far faster clip. This could mean adopting new accounts payable (AP), accounts receivable (AR) and other treasury strategies and technologies, for example. About The Report.

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Invoicing Accounts Payable B2B CFO 95

PYMNTS

FEBRUARY 28, 2020

Purchase, invoice and transaction data are invaluable to the journey of digitization and automation, but organizations are increasingly recognizing that the value can only be realized if that data can integrate seamlessly across platforms. Going Further With Open Banking. Cichy said he sees the opposite happening today, though.

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Accounts Payable Banking Invoicing B2B 83

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.".

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Invoicing Auditing B2B Accounts Payable 90

PYMNTS

APRIL 17, 2020

Smooth accounts payable (AP) processes are critical in the spice business, in which purveyors must send funds securely to vast numbers of distributors and growers worldwide. … We don’t write it down even, [but] it’s all in our accounts payable [system],”.

Accounts Payable 60

Accounts Payable Securities Accounting Invoicing 60

CFO Thought Leader

OCTOBER 29, 2024

Gronen: Yooz is an AP (accounts payable) automation and payments company. Right now, many companies receive invoices in paper envelopes. They open the envelope, scan the invoice, manually input the data, and attach the invoice to the system. Automation shortens this process to just a minute or two.

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Mergers and Acquisitions (M&A) CFO Finance Profit and Loss 52

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. 577,577.63

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B2B Accounts Payable Invoicing Manufacturing 116

PYMNTS

NOVEMBER 10, 2020

Bank has rolled out its new AP Optimizer, which is a digital tool that works to simplify invoice processing and payments for businesses, according to a press release. Bank, according to the release. Digital invoicing has become popular throughout the pandemic, with WEX Inc. With AP Optimizer, the release stated, U.S.

Accounts Payable 80

Accounts Payable Banking Invoicing Treasury 80

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

FEBRUARY 6, 2018

Most companies today have at least some kind of automation in place within the accounts payable (AP) department. Even when invoices flow in as paper documents, organizations are using electronic solutions or optical character recognition (OCR) tools to process those bills for payment. Technology for Technology’s Sake.

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Accounts Payable Accounting Invoicing Analyzing Data 40

PYMNTS

JULY 7, 2020

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.

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Banking Accounts Payable Treasury Finance 96

PYMNTS

AUGUST 28, 2019

Accounts payable automation company AvidXchange is strengthening its position in the banking and financial services sector through the acquisition of BankTEL, the company said Tuesday (Aug. AvidXchange has reached an agreement to acquire BankTEL Systems, which provides accounting technology to banks.

Accounts Payable 59

Accounts Payable Banking Invoicing SAP 59

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

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.

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Invoicing B2B Startups Accounting 70

PYMNTS

DECEMBER 30, 2020

As treasury management becomes increasingly digital, a bank’s corporate banking clients face challenges when it comes to modernizing treasury workflows. Embedding banking into ERP systems has been a hot topic as of late — although the buzz surrounding it has been years in the making.

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

PYMNTS

OCTOBER 14, 2020

"Unlike solutions on the market today that only offer a handful of ERP integrations and require a manual intervention to complete a payment, RegalPay One offers a bank-branded platform that connects directly to their corporate customers' ERP system," Ed Wertzberger , vice president of solution delivery for Regal Software, said in the announcement.

B2B 82

B2B Banking Accounts Payable Reconciliations 82

PYMNTS

JANUARY 28, 2020

Many accounts payable (AP) professionals turning to electronic payments to streamline their companies’ payment processes — specifically, how they pay invoices from suppliers — are putting virtual cards at the top of their lists, and for good reason. Bank Uses Customer-Centric Strategy To Smooth Virtual Card Integration.

Accounts Payable 57

Accounts Payable Banking Invoicing B2B 57

PYMNTS

JANUARY 18, 2021

With more digital banking options emerging on the U.S. market, FinTechs are turning their attention to the business community, whose demands for a better banking experience are growing louder. Marrying AP With Banking. AP is simply a workflow," said Wheldon. "It

Accounts Payable 66

Accounts Payable Banking Invoicing Corporate Finance 66

PYMNTS

JUNE 19, 2020

Businesses that have stuck with paper-based accounts payable (AP) processes are feeling the heat as the COVID-19 pandemic makes it unsafe for staff to conduct manual invoice and payment processing from their offices. Invoice processing can be slow and expensive for companies with inefficient AP systems. and took 8.6

Accounts Payable 61

Accounts Payable Invoicing Banking Budgeting 61

PYMNTS

SEPTEMBER 17, 2019

Instead, taking a look at the latest solutions to emerge on the market shows various applications for speed in commercial transactions, from faster deposits for small businesses, to virtual cards enabling faster invoice payments for suppliers. Chase Accelerates SMB Bank Deposits. Community Banks Go Real Time.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

PYMNTS

FEBRUARY 6, 2020

Chicago-based Signature Bank is rolling out a technology platform called Finrails AP to simplify B2B payments, the company announced on Thursday (Feb. Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods.

Banking 67

Banking Accounts Payable B2B Invoicing 67

PYMNTS

OCTOBER 8, 2019

Accounts payable (AP) departments all too often employ inefficient processes that slow down workflows, and delay supplier payments. These tools enable companies to automatically scan and digitize invoice data, removing the likelihood of mistakes during the manual data-entry process. Around The Next-Gen AP Automation World.

Accounts Payable 54

Accounts Payable Banking Invoicing Education 54

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.

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Accounts Payable Cash Flow Forecasting Invoicing Prioritization 123

PYMNTS

JANUARY 6, 2021

ReadSoft Online, the release stated, is Kofax's Software-as-a-Service (SaaS) tool for invoice data extraction and automating accounts payable (AP) services. The two companies combined will offer a new service for AP departments to help reduce invoice processing time by as much as 80 percent, the release stated.

Accounts Payable 73

Accounts Payable Invoicing Compliance Finance 73

PYMNTS

DECEMBER 22, 2020

This week's look at the convergence of accounts payable and accounts receivable finds tools like commercial cards, trade credit, artificial intelligence and robotics process automation easing friction on both ends of a B2B transactions. Suppliers, meanwhile, can receive payment via bank transfer.

Accounts Payable 79

Accounts Payable B2B Invoicing Accounting 79

PYMNTS

DECEMBER 6, 2018

Invoice finance and supplier payments company Previse announced Wednesday (December 5) that it will join Oracle’s ScaleUp Ecosystem, a program linking tech startups to high-growth companies to support their expansion and foster co-development.

Invoicing 49

Invoicing Startups Finance Accounts Payable 49

CFO Simplified

JUNE 23, 2022

Here’s a list of ten tactical things that a controller does: Maintains the company’s bank balance. Reconciles the bank accounts. Codes and processes Accounts Payable invoices. Issues Accounts Payable checks. Provides reporting to banks. Maintains and develops the banking relationship.

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CFO Cash Flow Forecasting Accounts Payable Forecasting 96

PYMNTS

JANUARY 14, 2021

Today in B2B payments, Citi announces its news Treasury and Trade Solutions (TTS) head, while Rho lands new funding and adds accounts payable to its business banking technology. Plus, Medius collaborates on invoice management, TravelPerk acquires NexTravel, and Sweep lands funding for T&E tools. 13) announcement.

B2B 56

B2B Accounts Payable Banking Invoicing 56

PYMNTS

OCTOBER 21, 2019

Bank of America is rolling out a new solution for professionals in accounts payable departments to automatically choose which payment method to pay their suppliers. The solution supports commercial card, wire, and ACH payment rails, or can also initiate supply chain financing for invoice payments.

Accounts Payable 40

Accounts Payable Banking Treasury B2B 40

PYMNTS

DECEMBER 10, 2019

The convergence of accounts payable (AP) and accounts receivable (AR) continues as banks and FinTechs collaborate on new solutions that pull double-duty, tackling friction for both payers and payees. AvidPay Links to Banks Via BankTEL. AR Keeps AP Friction In Mind.

Accounts Payable 52

Accounts Payable Invoicing B2B Accounting 52

PYMNTS

JUNE 23, 2020

Large companies may receive thousands of monthly invoices that must be processed quickly and economically, and firms of all sizes need to track payment obligations and issue funds. The accounts payable (AP) automation market is expected to grow from $1.6 The accounts payable (AP) automation market is expected to grow from $1.6

Accounts Payable 85

Accounts Payable Invoicing Treasury SAP 85

PYMNTS

DECEMBER 3, 2020

Plus, Basware enhances its accounts payable (AP) offering, CardUp eases commercial card adoption, Kofax adds new AP features and the Federal Reserve eyes bank lending. Kofax Adds New AI Features for Accounts Payable. Fed's Quarles Says Banks Should Be Encouraged to Increase Lending. 2) announcement.

Currencies 60

Currencies B2B Accounts Payable Invoicing 60

PYMNTS

OCTOBER 10, 2018

In a press release , Regal said its agreement with Mastercard will allow banks to provide an integrated payables platform that supports virtual card payments. Together, the companies are launching RegalOne, an application that provides integrated virtual cards to the corporate customers of regional and community banks.

Accounts Payable 53

Accounts Payable Banking Invoicing Accounting 53

PYMNTS

JANUARY 7, 2021

Today in B2B payments, Orange Bank acquires the SMB neobank Anytime, while Europe braces for a wave of supply chain finance defaults. Orange Bank Buys Neobank Anytime to Serve SMBs, Professionals. Plus, Udaan lands funding for B2B eCommerce technology, Kofax collaborates on AP automation and Bringg partners for B2B delivery.

B2B 66

B2B Banking Invoicing Accounts Payable 66

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 recently launched in the U.K. MineralTree Pairs For Global AP.

Invoicing 112

Invoicing Accounts Payable B2B Currencies 112

PYMNTS

FEBRUARY 27, 2020

Small businesses continue to embrace digital banking. At the same time, digital banks are looking to capitalize on their growing small and medium-sized business (SMB) customer base, with open banking and bank-FinTech collaborations an important part of that strategy. Open Banking Drives Challenger Bank Adoption.

Banking 77

Banking Accounts Payable Invoicing Currencies 77