Supply chain collaboration platform SourceDay and accounts payable platform Medius are collaborating to enhance procure-to-pay operations for businesses. Through the partnership, firms can get access to autonomous, touchless invoice processing, the companies said in a Tuesday (April 30) news release. Additionally, firms are offered fraud protection via anomaly detection capabilities,...
Mid-sized firms are as eager as their large enterprise counterparts to fully automate their accounts payable (AP) and accounts receivable (AR) processes; however, research shows the majority of them are way behind the curve. According to PYMNTS Intelligence study “Accounts Payable and Receivable Trends: What’s...
JustPaid has launched a billing platform application programming interface (API) that helps businesses automatically track product usage and generate invoices. It does so by uploading usage data through an API integration, the artificial intelligence (AI)-powered finance startup said in a Tuesday (April 9) press release. “By enabling...
Data management firm PRGX unveiled an artificial intelligence-powered accounts payable platform. Called Supplier Connect, the platform aims to foster more collaboration and efficiency in invoice inquiry and dispute management, PRGX said in a Tuesday (April 9) news release. Supplier Connect streamlines manual processes into AI-driven workflows that handle supplier...
Generative artificial intelligence (AI) is igniting a new era of innovation within the back office. No legacy process is safe. And this is particularly true for accounts payable (AP) programs, where AI, coupled with advancements in deep learning, computer vision and natural language processing (NLP),...
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...
