PYMNTS

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. According to Lansdowne-Higgins, among the biggest challenges in accounts payable today is the data silos.

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

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. Palette Software Integrates With Aptean ERP For B2B AP Automation.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

PYMNTS

FEBRUARY 19, 2018

Travel booking company Webjet , based in Australia, has launched a blockchain solution for the hotel industry to manage reconciliation in hotel distribution. According to Webjet, the company tested the solution in-house with its own B2B partners before rolling it out to market.

Reconciliations 43

Reconciliations B2B Accounts Payable Invoicing 43

PYMNTS

FEBRUARY 28, 2020

One of the latest FinTech firms to do so is accounts payable (AP) automation company Centsoft , which recently announced a data integration with QuickBooks Online. It’s one thing to enable two B2B FinTech platforms — like an accounts payable and accounting platform — to share data with each other.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

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

FEBRUARY 26, 2020

That means emerging services are multitasking, easing friction for both accounts payable and accounts receivable. Below, PYMNTS explores the latest initiatives and finds that innovators are looking at the accounts receivable side to tackle accounts payable friction. Tipalti Reallocates The Workload.

Accounting 72

Accounting Accounts Payable Invoicing General Ledger 72

PYMNTS

FEBRUARY 7, 2019

A press release revealed that the company will make its automated accounts payable (AP) solution available to U.K. ’s struggles with late supplier payments post a key challenge to the overall economy, making the market “ripe for accessible AP automation.” the firm announced on Wednesday (Feb.

Accounts Payable 49

Accounts Payable Marketing Invoicing Reconciliations 49

PYMNTS

AUGUST 11, 2020

From a lack of supplier acceptance of electronic payments to outdated infrastructure within accounts payable (AP) departments, the B2B payments ecosystem still has much room for improvement on multiple fronts. “You can’t just take an accounts payable view of things,” said Phalen. ”

B2B 110

B2B Accounts Payable Reconciliations Healthcare 110

PYMNTS

DECEMBER 15, 2020

But there are other pain points in B2B payments for the legal cannabis market, according to Doug Gordon , executive vice president and head of LeafLink Financial. Legal cannabis is generally a new industry, as Gordon discussed, meaning the market is dominated by startups. Challenges 'On Steroids'.

B2B 111

B2B Accounts Payable Startups Invoicing 111

PYMNTS

OCTOBER 27, 2016

26) its latest tool, APConnector, as a way to automate and digitize accounts payable, while integrating that process into existing ERP systems. “APConnector removes a primary barrier to virtual card adoption: accounts payable system integration,” explained Bob Kaufman, U.S. The bank announced Wednesday (Oct.

Accounts Payable 62

Accounts Payable Reconciliations Treasury B2B 62

PYMNTS

JULY 10, 2019

The service automatically extracts data from invoices, PDFs and other trade documents and automates accounts payable while storing payables information for reconciliation and accounting.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

Future CFO

AUGUST 1, 2023

The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific. As a result, the market for cloud-based financial applications in the region will witness significant growth in the coming years. "As

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

FEBRUARY 26, 2020

Many are turning to enterprise resource planning (ERP) tools with accounts payable (AP) automation to harness both solutions’ abilities and level up their businesses’ values. Research predicts the global ERP software market to grow double-digit percentage points over the next several years, reaching $70.3 billion by 2025.

Invoicing 83

Invoicing Accounts Payable Reconciliations Accounting 83

PYMNTS

NOVEMBER 21, 2018

With pressure mounting for the enterprise to digitize, accounts payable automation is seen as a crucial part of achieving greater efficiency, cost savings, visibility into spend and strengthening of vendor relationships, to name a few benefits. But when it comes to money, businesses may be reluctant to hand the reins to a third party.

Accounts Payable 63

Accounts Payable Invoicing Accounting Reconciliations 63

PYMNTS

OCTOBER 22, 2020

A perfect storm of market shifts catalyzed by the global pandemic has forever changed the B2B payments landscape. Billtrust CEO and Founder Flint Lane highlighted three shifts in particular that are igniting major change in the industry: first, the accelerated digitization of accounts receivable (AR) and accounts payable (AP).

B2B 89

B2B Education Reconciliations Accounts Payable 89

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. However, it’s not necessarily the ability to pay suppliers in real-time that has companies enticed.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

PYMNTS

OCTOBER 8, 2019

Visa has teamed up with business expense management firm Payment Logic to support the use of commercial cards in accounts payable for Australian businesses. Yak Pay is owned by Payment Logic, reports explained, with Visa providing product design and go-to-market strategy expertise. Reports in IT Wire on Monday (Oct.

Accounts Payable 57

Accounts Payable Reconciliations Accounting Startups 57

CFO Share

JUNE 18, 2024

Practice reconciliation both with and without the integration. This distributed approach not only reduces the burden on your accounting team but also ensures that financial data is accurate and verified by those closest to it. Purchasing – validates accounts payable invoices.

General Ledger 105

General Ledger CFO Accounts Payable Financial Data 105

PYMNTS

NOVEMBER 26, 2019

Accounts payable (AP) automation is beneficial, and even necessary, for many businesses still bogged down by paper. It’s an expansion of Billtrust’s offering that aims to improve accounts payable processes by tackling supplier-side friction. Tipalti Collaborates To Ease Vendor Acceptance.

Accounting 64

Accounting Accounts Payable B2B Reconciliations 64

PYMNTS

JUNE 16, 2020

That’s true in terms of getting gig work solutions to market, and as a core characteristic of those solutions. 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. Manual Reconciliation, Begone.

Reconciliations 67

Reconciliations Invoicing Accounts Payable Auditing 67

PYMNTS

JULY 31, 2019

That’s a colorful way of noting what data make clear: more than half (57 percent) of all organizations still use manual data entry, and 71 percent of companies say manual data entry and inefficient processes are pain points for accounts payable.

B2B 76

B2B Accounts Payable Invoicing Reconciliations 76

PYMNTS

DECEMBER 30, 2020

Accounts payable (AP) departments were no longer in the office to cut paper checks, and accounts receivable (AR) personnel were no longer in the office to receive them. That's especially true, he told PYMNTS , when it comes to capturing data from purchase orders and invoices to accelerate document processing and reconciliation.

B2B 119

B2B Accounts Payable Invoicing B2C 119

PYMNTS

JANUARY 28, 2021

As solution providers position innovative commercial payment solutions in the market, they're increasingly having to benefit both buyers and suppliers. Data from the transaction is integrated into the accounting solution to streamline reconciliation.

Accounts Payable 61

Accounts Payable Reconciliations B2B Accounting 61

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. For both sides, the transaction data of a virtual card payment means streamlined reconciliation and reporting.

Invoicing 66

Invoicing Accounts Payable B2B Reconciliations 66

PYMNTS

MAY 28, 2020

HighRadius Founder and CEO Sashi Narahari said in the announcement, “We launched the RadiusOne B2B Network to facilitate suppliers and AR teams to digitally connect with their buyers and AP [accounts payable] teams for faster processing of receivables and payments. Currently, the network has millions of active businesses.

Technology 52

Technology Reconciliations Accounts Payable Credit Risk 52

Global Finance

JULY 26, 2024

Meanwhile, Nordea’s foreign exchange (FX) automation has evolved into a “comprehensive treasury management autopilot” that includes daily FX, FX hedging, and money market products, according to the bank. Payable , another double winner, takes both Best Cash Forecasting Solution and Best Treasury Analytics Provider.

Cash Management 111

Cash Management Treasury Foreign Exchange Banking 111

PYMNTS

MARCH 27, 2019

Accounts payable (AP) automation company Tipalti is expanding its reach into the market by partnering with three new B2B companies, which will extend Tipalti’s solutions to their own customers. The enhanced integration aims to strengthen control and communication for both ends of the transaction.

B2B 46

B2B Accounts Payable Reconciliations Cash Management 46

PYMNTS

SEPTEMBER 19, 2018

A robotics process automation (RPA) startup has just secured a $3 billion valuation as B2B FinTech continues to explore how the technology will disrupt the market. A press release issued Tuesday (Sept. 18) said CapitalG and Sequoia Capital led the $225 million Series C round for UiPath.

Valuation 57

Valuation Accounts Payable Reconciliations Startups 57

PYMNTS

JUNE 11, 2020

Cash is king, and today, cash flow management is an imperative function for large corporations and small businesses — many of which continue to struggle with the market volatility and business disruption caused by the COVID-19 pandemic. HighRadius Connects AR-AP For Mid-Market. ”

B2B 52

B2B Accounts Payable Cash Flow Forecasting Reconciliations 52

PYMNTS

DECEMBER 8, 2017

The businesses will target mid-market business customers and create a B2B payments hub through Beanworks’ existing BeanPay platform. We’re thrilled to match the quality of Beanworks’ accounts payable automation user experience with a very modern portfolio of payment services.”.

B2B 40

B2B Marketing Accounts Payable Reconciliations 40

PYMNTS

MARCH 3, 2020

The proliferation of this available data makes the onboarding process even more crucial than it’s ever been — particularly if you’re selling something that’s got an after-market demand,” he said. Invoice-to-Cash Optimization. The Outsourcing Decision.

Accounting 74

Accounting Invoicing Reconciliations B2B 74

PYMNTS

OCTOBER 20, 2020

Accounts payable and payments automation solution MineralTree has added automated PO and invoice matching for cloud-based accounting and financial management platform Sage Intacct , a press release says. Trintech made the program for its Adra Suite and it became available via the Sage Intacct Marketplace.

Invoicing 52

Invoicing Accounts Payable Reconciliations Healthcare 52

PYMNTS

OCTOBER 2, 2019

As payments giants like Visa and Mastercard shift the innovation spotlight onto B2B transactions, developers of new accounts payable solutions are ushering in a growing trend: designing payment tools not just for the payer, but for the B2B supplier as well. Discover Targets Reconciliation Data. Vroozi Pay Eyes Vendor Relations.

Accounts Payable 52

Accounts Payable B2B Invoicing Reconciliations 52

PYMNTS

JUNE 9, 2020

With accounts payable (AP) departments no longer able to step into their offices to print, sign and send checks, supplier payments quickly moved to the center of companies’ modernization discussions. But according to Anderson, there are other ways corporates can further mitigate the friction of modernizing accounts payable.

Accounts Payable 53

Accounts Payable Accounting Reconciliations CFO 53

PYMNTS

OCTOBER 17, 2017

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.

Reconciliations 47

Reconciliations Accounts Payable B2B Cash Management 47

Future CFO

OCTOBER 24, 2021

There is a lack of scalable solutions in the market, which makes supply chain financing out of reach for many businesses, MasterCard said. As a result, only the largest suppliers can access working capital solutions, while trillions of dollars are tied up in accounts receivable each year, the firm pointed out.

Finance 52

Finance Accounts Payable Reconciliations Accounting 52

PYMNTS

OCTOBER 14, 2020

Accounts payable and receivable used to be concrete, separate operations. Middle-market and larger companies (where the ERP landscape is fragmented) have more complex processes in place and need more data analytics to help them run more efficiently. All high-tech is not created equal.

B2B 97

B2B Accounts Payable Reconciliations Economics 97