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Challenges and opportunities in the automation of accounts payables

Future CFO

FutureCFO spoke to Marcus Rex, managing director for Asia-Pacific, xSuite, for his perspective on how finance automation in general, and accounts payable in particularly, can help transform finance into a profit centre. Myths around accounts payable (AP) automation. Recurring pain points in accounts payables.

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Fiserv, SAP Team For Simpler B2B Payments

PYMNTS

FinTech firm Fiserv is partnering with software company SAP to help worldwide B2B companies streamline payments and improve working capital, Fiserv announced on Monday (Feb. Many Fiserv clients have already started to see the benefits of the SnapPay-SAP integration. The solution also computerizes corporate treasury operations.

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Goldman Sachs Adds Global Payments To SAP Ariba

PYMNTS

A new Goldman Sachs deal will allow more companies to work with with the wide swathe of businesses using SAP’s Ariba Network , which boasts trillions of dollars in commerce transactions annually, according to a press release. The Ariba Network has more than 4.6

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AR-AP Link To Ease Cash Flow, Strengthen Buyer-Supplier Relations

PYMNTS

Deepening ties between accounts payable (AP) and accounts receivable (AR) departments will be key to ensuring buyers and suppliers remain viable. Dynamic discounting can mean lucrative discounts on the accounts payable side, and faster payments on the accounts receivable side.

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Deep Dive: How FI-FinTech Partnerships Power Businesses’ AP Cost Savings

PYMNTS

Manual processing creates opportunities that can sap employees’ time and increase the likelihood of errors, making businesses eager to automate their systems and to use technologies to handle such tasks. The accounts payable (AP) automation market is expected to grow from $1.6 billion in 2019 to $3.1 billion by 2024.

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Workforce Spend Sector Gets Busy

PYMNTS

The big action in corporate spend management is travel and entertainment (T&E), where the 800-pound gorilla has long been Software-as-a-Service (SaaS) goliath, SAP Concur. billion expense management pie), a group of competitors has merged into a new company to challenge SAP’s category dominance. labor force.

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For Improving Financials, Putting Big Data Into Context Is Key

PYMNTS

The potential cannot be ignored, however – particularly in the finance department, where information from accounts payable, accounts receivable, treasury and accounting hold the keys to insight into cash flow, predictable payment behavior and new opportunities to boost the bottom line.