Paymerang expanded its line of finance automation solutions by adding receivables automation. The new Receivables Automation product simplifies accounts receivable (AR) and provides businesses with real-time insights into cash flow, the company said in a Tuesday (Dec. 5) press release. “The addition of the Receivables...
Late business-to-business (B2B) payments are the bane of any accounts receivable (AR) department. The headaches caused by late B2B payments affect more than just the accountants, as the entire firm relies on incoming payments to remain solvent. Any delay can have momentous downstream ramifications regarding...
Zuora and Avalara have announced an expanded partnership to provide a comprehensive eInvoicing solution. This partnership aims to help companies meet the eInvoicing mandates and digital reporting requirements that countries around the world are adopting, the companies said in a Wednesday (Nov. 15) press release. The integrated eInvoicing...
With more than 8 in 10 companies still seeing delayed payments rise in 2023, concerns about the global economy remain high. Small business owners’ top reported financial challenges over the last 12 months were limited or inconsistent cash flow, at 40%, and no cash reserves...
PYMNTS interviews Murray Sharp, vice president of partnerships, channel sales & business development at Billtrust, about why the current economic environment requires not merely an AR upgrade but also a major shift in operational strategy. — The current economic and business environment is pushing companies’...
As organizations across industries struggle with delayed payments and disruptions to cash flow, accounts receivable (AR) teams are now seen as navigators amid an economic storm. More than 8 in 10 businesses believe their AR teams have become more crucial in recent months — yet...
Chief financial officers (CFOs) are looking at automation to improve their accounts receivable (AR) processes. Sixty-seven percent of CFOs say their firms “probably” need more automation and 27% say they “definitely” need more, according to “Automation Clears the Path to Getting Paid on Time,” a...
Banking giant HSBC debuted a trade finance offer to help clients pay suppliers. The tool, dubbed TradePay, is an industry-first, document-free trade finance solution that lets clients instantly draw down trade loans, according to a Tuesday (Sept. 19) news release provided to PYMNTS. In doing...
Bank of America has unveiled a platform to help business clients digitize trade finance. The company’s CashPro Supply Chain Solutions tool is designed to offer supply chain participants “improved process efficiency and working capital optimization,” Bank of American said in a Monday (Sept. 18) press release. The...
