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. And there are a lot of them. “Any strategic CFO will recognize the need for digital transformation.”

Invoicing 66

Invoicing Accounts Payable B2B Reconciliations 66

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

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. This could create demand for solutions that easily link into businesses’ accounts and enterprise resource planning (ERP) systems.

Invoicing 64

Invoicing B2B Construction Accounts Payable 64

Future CFO

APRIL 21, 2021

Manual AP invoicing has been outdated and inefficient for years now, so when business across the globe encountered significant disruptions, companies with digital transformation still on their to-do lists felt the impact on their operations far more than those already using automation. What has changed, and what changes are here to stay?

Accounts Payable 40

Accounts Payable Accounting Invoicing Treasury 40

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 on average to process a single invoice in 2019, for example.

Accounts Payable 85

Accounts Payable Invoicing Treasury SAP 85

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. Digital invoicing has become popular throughout the pandemic, with WEX Inc. Bank, according to the release.

Accounts Payable 80

Accounts Payable Banking Invoicing Treasury 80

PYMNTS

NOVEMBER 3, 2020

Bloomberg is providing the data in the current global economic crisis to aid the markets with ready, accessible information that is timely and transparent for active credit assessments and predictive models to assess the volatility of the current market. Clients will also be able to use the data for an enterprise use case, the release stated.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

PYMNTS

APRIL 24, 2020

With social distancing and an economic downturn the new reality for many markets around the world, venture capital is expected to slow significantly. Plus, an accounts payable technology company announced a $127 million equity round. B2B FinTech investments appear to be relatively strong, too. KarbonCard. million in new funding.

B2B 77

B2B Accounts Payable Startups Invoicing 77

PYMNTS

DECEMBER 8, 2016

businesses are attracted to digital invoicing for a slew of financial benefits: faster, more efficient accounts payable and reconciliation processes, a reduction in the threat of errors due to manual data entry and ability to capture early payment discounts thanks to an accelerated invoice management process. In the U.S.,

Accounts Payable 64

Accounts Payable Invoicing Compliance Reconciliations 64

PYMNTS

MAY 12, 2020

Paying out invoices to contractors or freelancers can be extremely time consuming for businesses that rely on manual processes. Firms must not only confirm that charges are legitimate and that invoiced work was delivered, but also process them and send out payments. The Late Invoice Ripple Effect. took home fell by 2.9

Invoicing 52

Invoicing Accounts Payable Securities Accounting 52

PYMNTS

DECEMBER 29, 2020

With the pandemic forcing accounts payable (AP) and accounts receivable (AR) departments to hit the gas on their digitization roadmaps, finance leaders are grappling with an accelerated pace of change that can, at times, be overwhelming. Unfortunately, this risk has only elevated as professionals work from home.

B2B 82

B2B Accounts Payable Invoicing Reconciliations 82

PYMNTS

DECEMBER 2, 2020

Mark Aquilina , senior vice president of product and strategy at WEX , told PYMNTS that’s partly because digitization of accounts receivable (AR) lags behind that of accounts payable (AP) on the technological front. Another factor — there hasn’t been a real diversity of economic models across open-loop networks, Aquilina said.

B2B 79

B2B Invoicing Accounts Payable Reconciliations 79

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. Alibaba On Digitizing Cross-Border B2B Payments.

B2B 87

B2B Accounts Payable Invoicing Economics 87

PYMNTS

NOVEMBER 9, 2020

Approximately half of construction firms polled in one survey noted that they received payments within a 30-day period after sending their invoices, for example, and 15 percent stated it was routine to wait 60 days or more before finally receiving payments. Late or lagging payment processes can expand costs. Pandemic-Driven Payment Problems.

Construction 91

Construction Accounts Payable B2B Invoicing 91

PYMNTS

APRIL 9, 2020

To help additional middle-market companies automate their accounts payable (AP) processes, MineralTree announced that it has grown its integration abilities, according to a press release. Middle-market businesses are absolutely critical to the U.S.

Accounts Payable 76

Accounts Payable Invoicing Accounting Marketing 76

Global Finance

FEBRUARY 4, 2025

By providing immediate cash flow, SCF helps suppliers avoid the pitfalls of traditional loans that can be challenging to secure during economic downturns. billion by 2033 as economic and geopolitical pressures reshape how businesses approach working capital and financing. billion in 2024 and is expected to reach $15.2

Finance 52

Finance Invoicing Banking Manufacturing 52

Global Finance

OCTOBER 31, 2024

million in pretax profits in 2023, and a presence in 20 markets on the continent and four global centers—empowering SMEs means fueling Africa’s economic development. Additional bank offerings include Programa Preserva, a workshop-based program that promotes economic security through saving. For UBA—boasting $20 billion in assets, $454.2

Banking 52

Banking Finance Construction Foreign Exchange 52

PYMNTS

OCTOBER 15, 2018

Buyers want to hang onto payables, saving cash in the till until the very last minute. Suppliers, of course, want to collect on receivables outstanding, getting cash into accounts for goods and services provided. Firms that automate the invoice approval process spend 75 percent less to process a single invoice.

B2B 75

B2B Invoicing Accounts Payable Compliance 75

PYMNTS

JUNE 16, 2020

In the June 2020 edition of The Gig Economy Tracker® done in collaboration with Tipalti , we find these traits, among others, defining innovation in accounts payable (AP) software. Many still use manual invoicing systems that can slow payment processes. Interest in cloud-based payables automation was hot before the pandemic. “The

Reconciliations 67

Reconciliations Invoicing Accounts Payable Auditing 67

PYMNTS

APRIL 9, 2020

The sizable B2B commerce economic sector is going digital, and more than 13 percent of the U.S.’s These practices reduce the headaches involved in managing paper invoices, give buyers faster purchasing experiences and bring services online, where they can reach more customers.

B2B 66

B2B Invoicing Accounts Payable eCommerce 66

PYMNTS

DECEMBER 9, 2020

Payment solution provider Plastiq has teamed with accounts payable (AP) automation company Tipalti to let companies pay vendors with their business credit cards even if their vendors don’t accept credit cards, according to a Wednesday (Dec. 9) announcement. The news comes as Plastiq joined the U.S.

Accounts Payable 56

Accounts Payable Advertising Invoicing Accounting 56

PYMNTS

JULY 18, 2020

Yet new analysis by The Grocer suggests supermarkets may not be as on top of their accounts payable as previously thought. In its “Supporting Economic Recovery” report, NAB found a total of AU$115 billion (about US$80.5 ” New data from Pay.UK NAB Warns Of Spiking Late Payments.

B2B 85

B2B Accounts Payable Invoicing Finance 85

The Charity CFO

JANUARY 17, 2022

But it also includes accounts payable (unpaid bills), credit card bills, outstanding payroll, and more. Unpaid bills (accounts payable). Revenue is inflows that increase economic wealth. Donations of services (free rent, legal services, accounting, nonprofit discounts). Accounts Payable.

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

PYMNTS

MAY 25, 2016

If you think of the rise of corporate America over the last century, the function of the accounts payable department probably doesn’t come to mind as one of the main players. In an age of disruption, innovation and near-constant change, accounts payable has become a way for businesses to retain control and strategy.

Accounts Payable 46

Accounts Payable Invoicing Accounting Prioritization 46

PYMNTS

JANUARY 8, 2021

Automation’s long march to the present day finds automation grinding out new solutions to cash management issues during a topsy-turvy economic time. Researchers found that 65 percent and 54 percent of small and large firms, respectively, see manual payments as error-laden and time-draining.

B2B 61

B2B Accounts Payable Cash Management Invoicing 61

PYMNTS

APRIL 16, 2020

However, Tipalti Co-founder and CEO Chen Amit said he’s noticed more businesses taking the leap into accounts payable (AP) automation to mitigate the friction that comes with a remote workforce and cash flow pressures. The firms that still rely on paper checks have been most exposed to market disruption.

Finance 75

Finance Accounts Payable Invoicing Prioritization 75

PYMNTS

AUGUST 12, 2020

Businesses are seriously examining how to retool their accounts payable (AP) strategies as they work to better endure a shifting economic landscape. A new study of 500 businesses found that 78 percent had upgraded their AP in an effort to trim down invoice processing times.

B2B 70

B2B Accounts Payable Entertainment Invoicing 70

PYMNTS

DECEMBER 13, 2017

Meanwhile, in other international payment developments, accounts payable company MineralTree recently partnered with Western Union. It will also offer two-way synchronization that works with common enterprise resource planning (ERP) systems, automated invoice data capturing and direct integration with bank and credit card accounts.

B2B 77

B2B Accounts Payable Invoicing Banking 77

PYMNTS

SEPTEMBER 7, 2020

With a sense of intense urgency, the corporate card arena began to explore how to support some of the companies that were struggling the most as a result of an economic shutdown: small businesses. As the pandemic spread across Europe, and eventually the U.S., Spring began in dramatic fashion. In late-March, Bloomberg reported that large U.S.

B2B 98

B2B Accounts Payable Invoicing Startups 98

PYMNTS

OCTOBER 14, 2020

That’s translated into a fundamental shift in workflows, spanning everything from procurement to invoice approvals to payments that need to be made. The economic picture is certainly less than rosy, where unemployment may be high well into the next few years. Accounts payable and receivable used to be concrete, separate operations.

B2B 97

B2B Accounts Payable Reconciliations Economics 97

PYMNTS

OCTOBER 18, 2017

Accounts payable (AP) remains a laggard when it comes to automating the cash flow cycle. For large corporates — those who can process millions of invoices annually — the pain is so palpable that they proactively look for solutions readily provided by other large (tech) firms. Call it the 7 percent solution.

Accounts Payable 49

Accounts Payable Invoicing Accounting Technology 49

PYMNTS

APRIL 10, 2020

The coronavirus pandemic is advancing and bringing about a large economic downturn and causing consumers to reduce their spending wherever they can — and subscription plans are now on the chopping block. What are some of the costs that outmoded invoicing processes put on companies, and what is a patch to more efficient payments?

Healthcare 86

Healthcare Accounts Payable Invoicing eCommerce 86

Spreadym

OCTOBER 13, 2023

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.

Cash Flow Forecasting 59

Cash Flow Forecasting Accounts Payable Forecasting Invoicing 59

PYMNTS

JULY 31, 2020

The pandemic and subsequent economic downturn have driven B2B payment pains to a new level. Solution provider Billtrust recently debuted an offering that enables vendors to send emails containing digital invoices and smart links through which buyers can quickly pay. Efforts like these could see funds reach vendors sooner.

Accounts Payable 60

Accounts Payable B2B Economics Invoicing 60

PYMNTS

JUNE 10, 2020

The pandemic affected the freelance market in varying ways, with many workers facing increased economic uncertainty and drawing upon their savings as work opportunities became scarce. Companies are also making changes to the freelancer invoicing process in the hopes of enabling faster payments, such as French FinTech Shine.

Invoicing 56

Invoicing Reconciliations Accounts Payable Communication 56

PYMNTS

JUNE 12, 2020

Freelancers have seen particularly harsh economic effects from the ongoing pandemic. Forty percent of those in the U.S. have lost at least $10,000 in income since its onset, leaving many operating on fast-declining savings. The nation

Reconciliations 53

Reconciliations Invoicing Finance Economics 53

PYMNTS

MAY 1, 2020

So are paper invoices that precede them. In point of fact, most businesses of any size have a hybrid treasury-accounting back office where digital tools and paper instruments coexist. There is no debating the speed and accuracy of digital accounts payable (AP) and AR tools versus paper and the postal service. Paper Wait.

B2B 52

B2B Accounts Payable Accounting Treasury 52