Remove Accounts Payable Remove Construction Remove Reconciliations
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Moving The Business Payments Focus From Price To Process

PYMNTS

“The shift I have seen there,” she told PYMNTS of healthcare firms, “that was most effective is providers [the vendors] had their way of going through the process either from an [accounts payable] or [accounts receivable] perspective.”. Comdata, she said, has mimicked the flow from claims to invoice to payment to reconciliation.

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Comdata Powers Virtual Card Payments For Construction Sector

PYMNTS

Financial solutions provider Comdata is teaming up with Computer Guidance Corporation to integrate virtual card payment functionality for the construction industry. Computer Guidance Corporation offers cloud ERP solutions for the construction sector. On Thursday (Nov.

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Visa Turns To V-Cards With Billtrust For AR Automation

PYMNTS

17), Visa said it is tackling that issue through a new partnership with accounts receivable (AR) and cash management company Billtrust. Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients.

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The Architecture Of A Cross-Border B2B Payment

PYMNTS

Yet, as innovators have chip away at friction points, they have recognized the value of incorporating a supplier’s accounts receivable (AR) experience into their solutions. That’s because AR and accounts payable (AP) processes are intrinsically connected. “The person receiving it is just happy to get paid.”

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New Data: 85 Pct. Of Businesses Have Real-Time Payments On Their Road Maps – Here’s Why

PYMNTS

The report is based on a survey of more than 500 financial executives at firms from numerous sectors, including professional services, construction, retail and technology. percent), improved reconciliation with enhanced data (76.7 businesses’ evolving awareness, interest and potential adoption of the system. percent in 2018.

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Beanworks Looks to Help Businesses Update Outdated Accounting Technology

PYMNTS

In corporate accounting, accounts payable and B2B payments, traditional FIs are slowing down innovation that could one day bring these areas up to speed with corporate payments, the executive explained. But electronic and automated payments are just one side of the overall friction in accounts payable, Dahl said.

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Why Legislation Isn’t Enough To Solve Construction’s B2B Payments Problem

PYMNTS

that most demonstrates the problem of late payments, it’s the construction sector. Late B2B payments in this space have been so troublesome, in fact, that legislators introduced the Construction Act several years ago to address the issue. If there’s one industry in the U.K.

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