PYMNTS

JANUARY 26, 2021

Usually, the auditing workflow involves looking at expense reports filed by employees, with a focus on identifying potentially erroneous or even fraudulent transactions. It’s now more likely that two employees working from home will accidentally pay the same invoice twice, for example. The Value Of Automated Analytics.

Auditing 75

Auditing Invoicing Accounts Payable Compliance 75

PYMNTS

DECEMBER 11, 2020

It was a busy week for B2B venture capitalists who spread their wealth amongst a wide range of B2B FinTechs, with investments totaling more than $164 million. The company supports the full purchasing cycle with invoice integration and compliance auditing capabilities.

B2B 77

B2B eCommerce Banking Healthcare 77

PYMNTS

DECEMBER 21, 2020

While the B2B payments category was not the subject of its initial announcement, partner Lance Fenton told PYMNTS that he sees tremendous opportunity in the sector. One of the best things about B2B payments is it can work across verticals. Fenton said Serent has an advantage in understanding the healthcare vertical. “In

B2B 79

B2B Healthcare Investments Credit Risk 79

PYMNTS

AUGUST 19, 2019

Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees. Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly.

Auditing 56

Auditing Accounts Payable Invoicing Healthcare 56

PYMNTS

OCTOBER 28, 2020

Today in B2B payments, accounts payable automation firm CPS finds a buyer. Plus, a new FinTech, OpenEnvoy, launches to combat B2B payments fraud, while PCMI collaborates on B2B payments automation, and OpenPayd launches an FX-as-a-Service solution. REPAY Inks Deal For B2B AP Automation Firm CPS. 27) announcement.

B2B 56

B2B Foreign Exchange Accounts Payable Invoicing 56

PYMNTS

SEPTEMBER 24, 2020

The September CFO Guide To Digitizing B2B Payments explores how corporate buyers are streamlining their B2B transactions with digital payments and supplier onboarding tools. Around The B2B Payments World. Find the full story in the Report. Deep Dive: How Vendor Portals Ease Onboarding. Read the Deep Dive in the Report.

Accounts Payable 107

Accounts Payable Construction B2B Pharmaceutical 107

PYMNTS

JUNE 10, 2020

Bank features will allow freight carriers new B2B payment options such as a new dashboard for better receivables visibility and a way to pay invoices much quicker, according to a June 10 press release. Bank says will expedite things for carriers who work under the typical 45- to 90-day contract pay terms.

Invoicing 52

Invoicing Banking Cash Management Auditing 52

PYMNTS

APRIL 26, 2020

Accounts receivable (AR) platform SurePayd is responding to the coronavirus pandemic by reducing the costs for its remote migration audit services for the next two months for companies that need to go on the cloud during the crisis, according to a press release. The automation of AR and invoicing has particularly been of interest.

Auditing 56

Auditing Invoicing Accounting Technology 56

PYMNTS

FEBRUARY 6, 2020

That makes this B2B relationship unique to buyer-supplier relationships in other industries, noted Pierce, introducing similarly unique financial arrangements between partners. “Traditional review of those bills involves printing out stacks of invoices, which can sometimes be hundreds of pages,” noted Pierce.

Invoicing 52

Invoicing Accounts Payable Finance Auditing 52

PYMNTS

MARCH 28, 2019

Automated expense report auditing company AppZen is introducing a new spend auditing platform to analyze supplier invoices using artificial intelligence (AI).

Invoicing 46

Invoicing Auditing Accounts Payable Compliance 46

PYMNTS

DECEMBER 7, 2020

Today in B2B payments, Revolut launches a new solution for its business customers, and MonetaGo collaborates to combat trade finance fraud. Through 100 percent invoice integration, the service boasts improvements to savings, and offers a compliance audit feature that can help vendors cut spending.

B2B 63

B2B Finance Practice Management Invoicing 63

PYMNTS

DECEMBER 28, 2020

The first is to actually house data in a digital format, which is vital considering the high volumes of paper involved in construction projects, especially in workflows like invoice processing and payments, as well as payroll. At the end of the day, invoice payments are a huge component of the construction process," said Satran. "No

Construction 111

Construction Invoicing Auditing Finance 111

PYMNTS

JANUARY 27, 2017

26) that it is launching Invoice-Link , an app that allows pharmacies to manage invoices submitted by partnering couriers online. The solution imports those invoices, validates the delivery charges on the document and can use that information to generate reports to manage deliveries. The firm said Thursday (Jan.

Auditing 41

Auditing Cash Management Invoicing Finance 41

PYMNTS

APRIL 8, 2020

To a significant extent, this process remains stuck in the predigital era and is ruled by checks and paper-based invoices, which are often accompanied by weeks-long delays and cash flow problems. The latter allow businesses and vendors to exchange invoicing documents including means of payment via integrated electronic formats.

Invoicing 89

Invoicing Accounts Payable Auditing Securities 89

PYMNTS

OCTOBER 6, 2016

In a press release, Entryless said businesses using this integration will be able to send bills and purchase invoices in any format to Entryless, which will then be captured in image form by Entryless. Entryless makes electronic B2B payments faster, easier and more secure.

B2C 75

B2C Auditing B2B Invoicing 75

PYMNTS

OCTOBER 9, 2019

B2B payments friction isn’t only experienced on the payer side. These hurdles can also stifle electronic payments adoption in the B2B arena. That friction is all about data, and the freight bill audit pay process that involves analyzing a carrier’s invoice to assess its accuracy.

B2B 46

B2B Auditing Invoicing Reconciliations 46

PYMNTS

SEPTEMBER 10, 2019

In a statement, Coatue Management Senior Managing Director Thomas Laffont said that artificial intelligence (AI) enables AppZen to deploy more sophisticated analytics and automation within its expense management solution, which allows businesses to assess expenses, automate expense report audits, and identify savings opportunities. “AI

Auditing 43

Auditing Accounts Payable Invoicing Compliance 43

PYMNTS

SEPTEMBER 3, 2020

When it comes to B2B payments and supply chain management , many of those opportunities have surfaced as a result of some troubling vulnerabilities that have come to light in the midst of the pandemic. Key to the success of AR automation, however, is a strategy that "engages clients in order to collect their overdue invoices."

Accounts Payable 78

Accounts Payable B2B SAP Accounting 78

PYMNTS

SEPTEMBER 7, 2018

There are some B2B FinTech segments that are mainstays with investors. This week, though, investors revealed their appetite for B2B FinTech firms that can multitask. Yoco provides businesses with payment management and auditing services, targeting SMBs that struggle to get off cash and paper documents.

B2B 43

B2B Invoicing eCommerce Reconciliations 43

PYMNTS

AUGUST 19, 2016

is in a B2B startup lull, it seems. B2B startups. But a seed-stage startup fund in San Francisco announced its own new $50 million investment pool, so funding for B2B FinTech startups in the U.S. million funding round, which will be used to explore new products, including an invoice financing service. eInvoicing.

B2B 40

B2B Startups Invoicing Auditing 40

PYMNTS

FEBRUARY 19, 2018

In the B2B realm, the movement to get suppliers paid on time may become a struggle, mired as AP management is in the paper chase of manual effort. These are firms that have failed audits or are about to fail audits. In transforming the payables process, the executive said, “it goes beyond just the payments themselves.

Auditing 51

Auditing Accounts Payable Currencies Accounting 51

PYMNTS

JUNE 14, 2017

Worse, researchers found many companies are using manual processes to audit hotel prices and to use those negotiated rates, making it more difficult for a business to identify when it’s losing out on savings. But that auditing is infrequent, with just 3 percent reporting that they audit this information every week.

Auditing 43

Auditing Invoicing Technology B2B 43

PYMNTS

AUGUST 17, 2018

B2B FinTech is undoubtedly a hot spot for venture capitalists (VCs) this year. However, this summer, a different kind of B2B startup has captured investors’ attention. Cloud-based risk and auditing management provider AuditBoard raised $40 million in Series B funding, announced this week, led by Battery Ventures.

B2B 40

B2B Startups Auditing Invoicing 40

PYMNTS

MARCH 10, 2020

As a whole, these services have one thing in common: They all reflect technology’s heightened ability to promote stronger buyer-supplier partnerships, with solutions that deepen AR-AP ties while also looking at ways to use automation, data intelligence and FinTech to ease friction for both ends of the B2B transaction.

Accounts Payable 57

Accounts Payable Invoicing B2B Vendor Management 57

PYMNTS

MARCH 12, 2018

When auditing giant KPMG assessed corporate compliance of government requirements to report supplier payment habits, the company made a concerning discovery : Just 17 enterprises in Scotland were adhering to the rules. B2B FinTech hasn’t ignored the issue. Factoring companies tend to cherry-pick the invoices they will finance.

B2B 43

B2B Invoicing Compliance Finance 43

PYMNTS

AUGUST 3, 2020

Many merchant clients also want to receive their goods and the associated invoices at the same time, which then necessitates that paper invoices be included inside the shipping packaging. The SMB’s U.S. The methods that we’re using — especially now that we’ve been working from home for a long time — are antiquated. “I

Accounts Payable 81

Accounts Payable Invoicing B2B Auditing 81

PYMNTS

APRIL 22, 2019

Digital payments entity and eCommerce platform Infibeam Avenues and blockchain startup Primechain Technologies have announced a partnership to implement a cross-border blockchain invoicing platform for the $12 trillion global trade finance market.

Invoicing 43

Invoicing Finance Pharmaceutical Auditing 43

PYMNTS

NOVEMBER 2, 2018

In this week’s rundown, the industry landed the most funding among B2B FinTechs, though other bright spots included cybersecurity, alternative finance and a startup working to prevent firms from losing money when employees commit expense fraud. See how nearly $174 million in funding for B2B startups landed in our roundup below.

B2B 75

B2B Startups Investments Compliance 75

PYMNTS

NOVEMBER 22, 2016

Those drivers may support the rise in consumer mobile payments, but economic factors in the Asia-Pacific region have also opened doors for B2B mobile payments to gain traction, too. MC Payment , a startup based in Singapore, is a FinTech startup in the region that is riding the B2B mobile payments wave.

B2B 65

B2B B2C Vendor Management Reconciliations 65

PYMNTS

OCTOBER 10, 2019

“BuyerQuest continues to lead from the front, bringing the consumer shopping experience to corporate B2B procurement,” said BuyerQuest Chief Revenue Officer Kyle Muskoff in a statement. “We Amazon, meanwhile, has similarly taken recent measures to bolster its B2B eCommerce unit Amazon Business.

B2B 49

B2B Invoicing Auditing eCommerce 49

PYMNTS

NOVEMBER 5, 2018

China Merchants Bank ( CMB ) announced that it has become the first bank in the country to issue blockchain electronic invoices. In terms of business-to-business (B2B) applications, news came that same month that the People’s Bank of China is in the “testing” phase of trade finance done over blockchain.

Invoicing 57

Invoicing Auditing B2B Education 57

PYMNTS

OCTOBER 28, 2019

The Big Four auditing firms — EY, Deloitte, KPMG and PwC — have recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are debt.

B2B 40

B2B Accounting Standards Finance Invoicing 40

PYMNTS

FEBRUARY 2, 2017

In an interview with PYMNTS’ Karen Webster, FI.SPAN’s founder and CEO, Lisa Shields, said that FinTech may be revolutionizing banking and the way payments are done — but it can help banks hang onto and even grow their commercial B2B business footprints. The business commercial banking segment is a $1.85

Banking 75

Banking B2B Entertainment Auditing 75

PYMNTS

NOVEMBER 26, 2019

He further explained how such a business-to-business (B2B) innovation gap can impact the logistics industry. . Keeping up with business partners is not the only challenge B2B companies face, however, as firms must also handle transactions’ data and documentation before processing. The Hurdles Stifling AP, AR Efficiency.

Accounts Payable 52

Accounts Payable B2B Invoicing Auditing 52

PYMNTS

MAY 16, 2018

In one example, in Kenya, media outlets reported audits have shown that Isiolo County exaggerated its payroll reporting and lost “hundreds of millions of shillings” between the period of 2013 to 2017. In Ireland, three men were arrested by the Garda for their alleged roles in “invoice redirect frauds” that brought the trio 500,000 euros.

Invoicing 40

Invoicing Compliance Benchmarking Auditing 40

PYMNTS

SEPTEMBER 28, 2020

Smooth B2B operations depend on robust data gathering, but many companies rely on manual methods to collect information and complete supplier enrollment. Corporate buyers that fail to adhere to these regulatory requirements could face audits, fines and tax withholdings.

Accounts Payable 66

Accounts Payable B2B Invoicing Auditing 66

PYMNTS

MARCH 6, 2019

Furthermore, he noted that workflow might be streamlined across some use cases, and can be automated — such as with generating a SWIFT international transfer, calculating accrued interest, generating invoices for a loan payment, and submitting to the systems of record to ensure accuracy and reconciled data.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75