Procurement and accounts payable (AP) technology firm XPRO has rebranded and changed its name. The firm is now known as Bedrock, a name that aligns with its growth and its focus on providing supplier management solutions, according to a Wednesday (Dec. 21) press release. “We...
Quadient has integrated its accounts payable (AP) solution with Microsoft Dynamics Business Central. This integration of Quadient’s AP automation cloud solution will help businesses streamline their AP processes, Quadient said in a Tuesday (Dec. 20) press release. Companies in North America, the United Kingdom and...
The great digital shift demands that trucking-transport firms update and modernize their accounts payable processes. Simply put, the paper-based and manual AP processes that have been stubbornly entrenched in transport and logistics have introduced pain points that are exacerbated with swelling payments volumes. In the...
A new study shows that nearly half of transportation and logistics companies plan on innovating their AP platforms within three years. Transportation, shipping and logistics companies have proven essential to the rise of eCommerce, particularly since the pandemic began. Amid soaring demand, these businesses recognize...
Transportation and logistics firms with soaring payables are embracing the automation trend. This is according to the new study “AP Automation: Transportation Companies Innovate To Drive Growth,” a PYMNTS and Routable collaboration, based on a survey of executives from transportation, shipping and logistics companies. According...
Seventy-one percent of transportation and logistics companies process an average of at least 1,000 payables each month. These high volumes put these companies under enormous pressure. Transportation and logistics companies are meeting the associated challenges by investing in automating their accounts payable platforms. In “AP Automation:...
Automating purchasing functions lead to better strategic decisions. Ted Contreras, product manager for accounting at Airbase, told PYMNTS that using technology to automate procurement and integrate purchasing functions helps midmarket firms gain some much-needed agility. Midmarket firms, he said, are typically defined as those enterprises...
Non-payroll spend management software is helping businesses deploy, account for and control their money. This not only drives growth but PYMNTS’ data found that just 55% of these firms currently use such a system, meaning that nearly half have limited access to real-time data and...
The benefits of streamlining and modernizing the payment experience through digital tools and forward-looking investments appear to have sunken in. New research shows nine out of 10 chief financial officers surveyed by PYMNTS said their companies were either investing in payments digitization already or have...
