HighRadius has launched a generative artificial intelligence (GenAI)-powered solution designed to automate the payer-supplier payment process. The new Accounts Payable Automation solution automates invoice processing and supplier communications, the provider of cloud-based autonomous software for finance teams said in a Thursday (March 7) press release....
Nearly 80% of mid-size firms — those generating between $3.5 million and $15 million in annual revenue — anticipate a surge in the volume of payments processed through their accounts payable (AP) systems, while 75% expect an increase in the number of invoices handled via...
More than 90% of mid-sized firms — those annually generating $3.5 million to $15 million in revenue — that plan to further automate their accounts payable (AP) and accounts receivable (AR) processes anticipate getting more accurate, efficient or streamlined processes. This technology-driven approach reduces the...
Xero has integrated with Quadient’s accounts payable (AP) capabilities to add intelligent AP automation to its cloud-based accounting software. With the companies’ new strategic partnership in North America and the United Kingdom, small and midsized businesses (SMBs) using Xero’s software will gain these capabilities, Quadient said in a Tuesday...
How do you turn payments pain points into payments possibilities? It’s a simple formula: Add automation. “More and more organizations are recognizing the need to update and modernize what has historically been a manual, paper-based process — but one that’s also very mission critical to...
The digitalization trend that followed the pandemic has accelerated the automation journey for nearly one-third of mid-sized firms. In the last two years, remote work requirements pushed 29% of firms to automate their accounts payable (AP) and accounts receivable (AR) processes. Benefits of automation in...
Automating accounts payable (AP) and accounts receivable (AR) can provide a crucial edge for mid-size firms. Most that have done so report increased efficiency and enhanced cash flow. Data further shows they see the need, as few think their manual systems are good enough. Less...
Midsize firms anticipate that making and receiving payments will become even more of a core necessity very soon. On average, firms expect a 50% increase in payments made and a 46% increase in invoices delivered in the next three years. Adding to the urgency, automating...
Experts are predicting a significant surge in the adoption of embedded finance solutions, with transactions projected to reach a staggering $7 trillion by 2026. The latest edition of the Accounts Payable Payments as a Service Tracker® Series Report by PYMNTS Intelligence highlights the potential of...
