article thumbnail

Balancing the Finance function with accounts payable automation

Future CFO

Reimagined cost control Sanford says cutting too deeply into your teams and their capabilities can damage your growth opportunities, and creates disgruntlement in remaining staff. Keeping costs manageable in an era where inflation is a near-constant threat and outside costs are rising is necessary."

article thumbnail

Accounts Payable AI Company Stampli Raises $25M

PYMNTS

The artificial intelligence-based accounts payable company Stampli has raised $25 million in a Series B funding round, the company announced Wednesday (Oct. Stampli uses its proprietary AI to recognize patterns and learn how each organization allocates cost, manages approval flows and extracts invoice data.”.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Moving The Business Payments Focus From Price To Process

PYMNTS

“We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner. Against that backdrop, companies are re-evaluating and redesigning their entire supply chains, cost management life cycles and other processes across all industries from healthcare to manufacturing.

B2B 130
article thumbnail

How ePayments Can Ease B2B Friction In The Travel Industry

PYMNTS

The new reality will be marked by low bookings; tight margins; financial pressures on online travel agents; and the need for cost management. eInvoicing can streamline accounts payable processes and improve relationships with suppliers. “An “This made the need to optimize operational inefficiencies secondary,” he said.

B2B 94
article thumbnail

Introducing Automation To The Accounts Receivable Department

PYMNTS

In B2B payments, the paper check is an especially persistent problem that can yield inefficiencies both on the accounts payable and accounts receivable ends. According to data from PaySimple , it costs businesses an average of $1.22 to process a single paper check.

article thumbnail

Cash Flow Management: Key Steps

Spreadym

Managing Accounts Receivable: Efficiently manage your accounts receivable by invoicing promptly, offering discounts for early payment, and pursuing collections for overdue payments. Managing Accounts Payable: Delay payments to suppliers only when it is advantageous and do not jeopardize supplier relationships.

article thumbnail

Medpricer Launches Healthcare Spend Analytics

PYMNTS

Medpricer, a technology company that targets the medical and healthcare services with cost management solutions, is rolling out a spend analytics tool. In a press release Wednesday (Aug.