The collapse in income following the pandemic’s onset in March 2020 sent a shockwave through the travel and tourism sector. Large travel and tourism firms in the United States — those with at least $100 million in annual revenue — had 44% of their bookings...
Despite a massive wave of digitization among businesses of all kinds over the past 20 months, days sales outstanding (DSO) has increased since 2019, threatening cash flows and operations. PYMNTS studied the problem in Accelerating the Time to Realized Revenue, a Mastercard collaboration, which surveyed...
Across business operations, automation can mean the difference between efficiency and stagnation. Timothy Batsche, director, B2B client management at American Express, told PYMNTS that accounts receivable (AR) automation, in particular, can help companies navigate supply chain issues and improve cash flow. Batsche noted that AR...
U.S. Bank has added request for payment (RfP) capabilities to its U.S. Bank eBill Service, a digital solution for accounts receivable (AR) teams, the company announced on Monday (Nov. 8). With the new offering, U.S. Bank commercial clients will now have access to a fully...
The events of the past 18 months have been a complete game-changer for B2B transactions. The pandemic left countless firms with a partial or total remote workforce, accelerating the digital shift to B2B payments. Accounting departments have had to pivot quickly to adapt to this...
Managing accounts receivable (AR) struggles in a remote working environment is not without its challenges, but automation has helped companies blunt the impact and keep their cash flow steady, says Quora CEO Adam D'Angelo. In the Working Capital Playbook, D'Angelo explains how AR automation and...
Last year, the entire business world experienced a sea of change when remote work became the new normal due to social distancing and stay-at-home guidelines. With the pandemic now more than 18 months in and temporary changes quickly becoming new habits, workers have grown used...
Simple mistakes such as an incorrect billing address or pricing selection can slow down payments from B2B customers and cause devastating cash flow issues. When businesses’ accounts receivable (AR) procedures and other accounting processes are opaque, it is difficult for AR departments to pinpoint those...
Accounts receivable (AR) automation platform Invoiced on Thursday (Sept. 23) announced the release of an Advanced Reporting module as part of the Invoiced A/R Cloud. Invoiced provides reports on general AR performance and tax and sales summaries. The Advanced Reporting module allows finance and accounting...
