Efficiency is the key to preserving margins in an age where macro-concerns dominate and inflation rages. Chief financial officers (CFOs) and their finance teams are well aware of the need to run leaner. At the same time, the demands on those finance professionals are only...
Gig economy companies have long exhibited rapid growth, and payables volume, particularly, is spiking. Within the industry, 96% of companies experienced an increase in the average number of payables processed each month during the last year. This growth is expected to continue for the next...
Real-time data. API-driven connectivity. Speedy analytics. The advantages of technology in the service of B2B activities — streamlining back office functions — are readily apparent. Especially when it comes to better managing non-payroll spending, as relayed by our joint survey of 225 Software-as-a-Service (SaaS) firm...
Business payments platform Routable has expanded its capabilities, adding new features for automated invoice data entry, a press release said. The company has added Optical Character Recognition (OCR), which will let the Routable platform automatically scan invoices and create payables. This will make it so...
Providers of business-to-business (B2B) software-as-a-service (SaaS) solutions rely on their finance teams to track financial performance and provide key performance indicators (KPIs) to help fuel decision-making and company growth. However, one major thorn in their side remains: a lack of full visibility and proactive control...
Burgeoning online payments volume is both boon and a challenge for online marketplaces. A boon, of course, for top-line momentum and for proof positive that the business model of bringing buyers and sellers together is here to stay. But the challenge lies with making sure...
The pandemic gave a tailwind to online marketplaces, but the boom has legs and signals a sea change in the ways and means by which sellers and buyers find one another, interact and above all, transact. For the marketplaces themselves, the surge in transactions has...
Small to mid-sized businesses (SMBs) encounter numerous pain points when making and receiving business-to-business (B2B) payments. Many are stuck in the past, with 20% relying on checks and 23% relying on regular ACH as their go-to methods of sending payments, and there is significant asymmetry...
Online marketplaces are growing at a tremendous pace because of the economy’s digital shift. Executives now recognize that, paradoxically, the faster their monthly payables volume grows, the harder it will be for them to manage and continue operating efficiently. More than four in five online...
