Accounts Payable

Accounts Payable
AI Turns Accounts Payables Into Corporate Growth Engine
July 30, 2024

Transforming back-office functions can often serve as a way to move business growth forward. And the accounts payable (AP) function, which plays a crucial role in maintaining the financial health of an organization, is more and more being recognized for its potential to become a...

Accounts Payable
Tracking Unclaimed Property Helps Firms Avoid Tax Audits and Penalties
July 25, 2024

Maybe you’ve gotten the emails, or heard through word of mouth: There are billions of dollars’ worth of unclaimed assets held by state governments. Ann Fulmer, director of unclaimed property consulting services at Sovos, told PYMNTS that the holdings are both tangible and intangible …...

Accounts Payable
Otelier Launches AP Automation Product for Hotel Operators
June 18, 2024

Otelier has launched a product that automates accounts payable (AP) workflows for hotel operators. The new DigiPay product streamlines back-office operations by eliminating time spent processing invoices and cutting checks to suppliers, the company said in a Tuesday (June 18) press release. “Accounts payable is...

Accounts Payable
Ad Hoc Payments Reach 30% of AP Dollar Volume for Enterprise SMBs
June 11, 2024

Thanks in part to the influx of gig workers and demands of key industries, enterprise small- to medium-sized business (SMB) payers are sending 28% more instant ad hoc payments than they did inSeptember. Ad hoc payments — those payments made outside of normal invoicing and...

Accounts Payable
Deloitte and Basware Partner to Deliver AP Automation, eInvoicing Compliance
May 21, 2024

Deloitte and Basware have partnered to facilitate accounts payable (AP) automation, touchless invoicing and compliance with eInvoicing regulations for global customers. Together, they will develop a joint go-to-market strategy to reach a wider audience, address evolving eInvoicing requirements and develop certified Deloitte consultants trained on...

Accounts Payable
TranscendAP Launches as New AP Automation Company
May 08, 2024

TranscendAP, which has been a business unit of Optima Global Solutions since 2018, is now operating as a newly formed company. The firm was launched by Optima Global Solutions and TranscendAP co-founder and CEO Jeff Weinstein to focus on delivering artificial intelligence (AI)-powered accounts payable (AP) automation solutions to...

Accounts Payable
Basware Acquires AP Matching to Enhance Automation Offering
May 08, 2024

Basware expanded its market offering by acquiring AP Matching. The acquisition will add AP Matching’s cloud-based solutions for managing invoices and reconciling statements to Basware’s accounts payable (AP) automation and invoice processing capabilities, the companies said in a Wednesday (May 8) press release. “We’re excited to combine forces with...

Accounts Payable
Paymerang and Harris ERP Deliver AP Automation for Local Governments
May 07, 2024

Paymerang and Harris ERP have partnered to provide advanced invoice and payment automation solutions to local governments.  With this collaboration, Paymerang’s accounts payable (AP) automation tools will be delivered to hundreds of local governments via Harris ERP’s enterprise resource planning (ERP) system, CitySuite, the companies said in a Tuesday (May 7) press...

Accounts Payable
Unimarket Introduces ‘AP Payments as a Service’ for US Customers
May 01, 2024

Unimarket has introduced its fully managed accounts payable (AP) payments service, Unimarket Payments, to the United States. This service, which optimizes, monetizes and secures the entire payment life cycle, is now available to Unimarket customers with national or regional offices in the U.S., the company said in a...