Many businesses are implementing automation and digitization to reduce the amount of money, time and employee effort they expend on their accounts payable (AP) processes. Goals vary, with 61% of CFOs saying their primary objective in automating is to boost overall payments efficiency, while 45%...
Medius, a Swedish provider of accounts payable automation systems, on April 20 announced a new program to ease collaboration with independent software developers. The program is called Radius, and Medius stated in the announcement that the first company engaged through it is expense-management specialist Rydoo....
March and the end of the first quarter are but a memory, but chief financial officers (CFOs) are still recovering. Closing the books can be a monthly ordeal for finance executives, beset by paper and manual processes. The frictions are heightened at the end of...
Small- to medium-sized businesses (SMBs) and the accounts payable (AP) and accounts receivable (AR) executives that manage the payments and invoices that they receive know they would benefit from streamlined payments processes — but the pathway to frictionless payments is not well understood. While most...
Payments are the lifeblood of any business, especially those that work with vendors to transact for goods and services. United States companies conduct more than $25 trillion in business-to-business (B2B) payments annually, and B2B transactions account for $120 trillion globally each year. This figure is expected...
Accounts payable (AP) automation not only helps businesses save countless work hours when operating remotely — it also enables suppliers to be get paid faster. In this month’s AP Automation Tracker, Great Harvest Bread CEO Mike Ferretti explains how businesses use payments automation to overcome...
Worldwide, business-to-business (B2B) payments volume clocks in at $120 trillion per year, but many organizations still primarily rely on manual processes to keep their accounts in order. One PYMNTS study found that 25% of B2B payments are made via paper check, with a significant number...
As companies change how they deploy capital, accounts payable (AP) processes have become more complicated. When they decided it was more efficient to put spending into the hands of all the individuals in a company, it created a roadblock between those who are spending the...
When the pandemic struck, companies around the world began automating their accounting systems to be able to make and receive payments without having to go to the office. However, the benefits of accounts payable (AP) and accounts receivable (AR) automation aren’t limited to convenience. For...
