Three organizations teamed up to provide financing for suppliers of energy and chemical company Aramco by establishing what they said is one of the world’s largest supply chain financing programs. Aramco, Taulia and the Saudi Industrial Development Fund (SIDF) announced their signing of agreements to...
ABBYY is introducing new capabilities for artificial intelligence to help companies bolster automation. The offerings include Phoenix, a “multi-modal approach to zero-shot learning leveraging small language models” designed for document tasks, a Secure Large Language Model (LLM) Gateway, and “enterprise-ready tools and applications that enable...
Every dollar of working capital matters to today’s businesses. That makes tracking and managing expenses important, as evidenced by “Grubgate,” where tech giant Meta fired more than 20 employees for abusing the company’s meal expense system. Yet effectively tracking and managing employee business travel and...
Crater launched artificial intelligence-powered accounts receivable (AR) and accounts payable (AP) solutions for banks, credit unions and B2B platforms. With these solutions, customers can offer white-labeled, embedded AR/AP products like invoicing and bill payments, customized to their brand identity and supported by an AI-powered copilot...
Payments solutions provider Helcim debuted a tool to help businesses automate their payment collections. Recurring Payments allows businesses to create tailored billing schedules for clients, collecting payments automatically as they’re due and removing the need to worry about manual billing practices, according to a Tuesday...
There’s a multitrillion-dollar opportunity that’s rewriting the B2B playbook, and it starts with two words: embedded finance. The consumer payments buzzword is steadily making headway into the B2B space, and it is beginning to drive real change for buyers and suppliers across sectors by integrating...
In the second annual edition of the “Middle Market Growth Corporates Working Capital Index,” PYMNTS Intelligence and Visa collaborated to mine the opinions of 276 chief financial officers (CFOs) and treasurers doing business across North America. And as Abhishek, global head of B2B Acceptance at...
In today’s increasingly interconnected and digital world, it’s never been better to be a business. But that doesn’t mean it is any easier to be one. And for today’s businesses looking for a little certainty amid an unknowable macro backdrop, working capital innovations are emerging...
Extend has introduced a feature that allows businesses to streamline invoice payments with virtual cards. Bill Pay is designed to simplify companies’ account payable processes while optimizing cash flow, maximizing card rewards and improving security, the virtual card/spend management platform said in a Monday (Oct. 28)...
