As digital technology advances, some of the biggest recipients of its transformative benefits are sitting in the finance function. After all, digital payments bring with them a wealth of data — data that chief financial officers (CFOs) and treasurers can unlock to drive competitive differentiation...
The only thing bigger than the agriculture sector’s contribution to daily sustenance could be its reliance on paper payments. In 2023, agriculture, food and related industries contributed a staggering $1.5 trillion to the U.S. GDP, representing about 5.6% of the total economy. Despite this major...
Nothing slows down the free flow of commerce and payments more so than manual intervention. And with the news Sunday (Oct. 20) that Bank of America now allows companies to lock in foreign exchange (FX) rates for up to one year, simplifying treasury management processes through digital...
It’s been a busy October at PYMNTS. The monthlong event, B2B Payments: Outlook 2030, has been putting an exclamation point on the fact that B2B payments are transforming. The first week of the Outlook 2030 event centered on how platform and network models are impacting...
Change rarely occurs in isolation. With more businesses in emerging economies going digital with their purchases, pressure is building to modernize the payment process as well. “When it comes to B2B payments in emerging markets, one very interesting thing is that currently more than 70%...
The 2020s have borne witness to some of humanity’s greatest leaps in technological innovation. And many of them, from artificial intelligence (AI) to machine learning, have quietly been transforming payments. But while the consumer side of payments has found itself flooded with much of this...
For decades, B2B payments were an unglamorous yet essential component of corporate finance. Now, B2B payments have started to become a little more glamorous as executives realize the keys to their kingdom are often buried in the back office. Businesses are re-evaluating the nature of...
B2B payments are no longer just back-office concerns — they’re front and center for businesses looking to streamline operations and delight customers. But going it alone just isn’t an option. For B2B month, PYMNTS sat down with Ernest Rolfson, CEO of Finexio, Marne Martin, CEO of Emburse, and Loralee...
As Silicon Valley innovates with artificial intelligence, many companies remain burdened by outdated paper invoice systems. This disconnect hinders efficiency and presents financial risks. With invoice volumes set to rise sharply, businesses must recognize that manual accounts receivable (AR) processes can no longer meet modern...
