How do you turn payments pain points into payments possibilities? It’s a simple formula: Add automation. “More and more organizations are recognizing the need to update and modernize what has historically been a manual, paper-based process — but one that’s also very mission critical to...
The digitalization trend that followed the pandemic has accelerated the automation journey for nearly one-third of mid-sized firms. In the last two years, remote work requirements pushed 29% of firms to automate their accounts payable (AP) and accounts receivable (AR) processes. Benefits of automation in...
Automating accounts payable (AP) and accounts receivable (AR) can provide a crucial edge for mid-size firms. Most that have done so report increased efficiency and enhanced cash flow. Data further shows they see the need, as few think their manual systems are good enough. Less...
Midsize firms anticipate that making and receiving payments will become even more of a core necessity very soon. On average, firms expect a 50% increase in payments made and a 46% increase in invoices delivered in the next three years. Adding to the urgency, automating...
Experts are predicting a significant surge in the adoption of embedded finance solutions, with transactions projected to reach a staggering $7 trillion by 2026. The latest edition of the Accounts Payable Payments as a Service Tracker® Series Report by PYMNTS Intelligence highlights the potential of...
Accounts payable (AP) staff have been working extra hours as they use legacy and manual procedures to handle a growing number of invoices. Seventy-five percent of AP teams reported processing more invoices in the last quarter, according to “Demystifying AI’s Capabilities for Use in Payments,”...
In today’s fast-paced business world, companies are constantly looking to streamline operations and increase productivity. One area in need of this streamlining that often requires significant time and effort is the management of accounts receivable (AR) and accounts payable (AP). Automation can cut delays by...
Business-to-business (B2B) payments play a crucial role in the modern economy, with experts projecting a staggering $111 trillion in transactions between businesses by 2027. However, the traditional methods of payment, such as paper checks and Automated Clearing House (ACH) payments, continue to impede the progress...
When and how much a business gets paid can determine whether it will survive. But it is the technical architecture around that payment that can set a business up for success. “The world of business today is moving super-fast, and that certainly applies to the...
