Today in B2B payments, StructShare discusses construction materials procurement, and Rho Technologies debuts its corporate card offering. Plus, Gappify discusses the progress of corporate accounting automation, Bottomline integrates with Billtrust and Stampli raises funds for its accounts payable solution.
Navigating the Budgetary Pressures of Materials Procurement
Filling the Accounting Gaps That Automation Left Behind
Advances in automation technology have transformed the role of the corporate accountant, but plenty of opportunities for slow or erroneous data remain. Gappify CEO Jotham Ty explains what accountants need to remain empowered and compliant.
Rho Technologies Unveils Corporate Card
Bottomline Connects B2B Buyers to Billtrust Card Acceptance
Bottomline Technologies, which offers solutions such as accounts payable (AP) automation, will link Paymode-X payers to new card acceptance endpoints through Billtrust’s Business Payments Network (BPN), according to a Wednesday (May 12) announcement. Billtrust offers accounts receivable (AR) automation. Its BPN “makes accepting electronic payments easy,” according to the firm’s website.
AP Automation Firm Stampli Lands $50 Million Investment
Accounts payable (AP) automation company Stampli landed $50 million in Series C funding. The arrangement, which was headed up by Insight Partners, brings the startup’s total funding to more than $87 million, according to a Wednesday (May 12) announcement. “In 2021, building a digital-first, modern finance organization is the top priority for CFOs [chief financial officers] and controllers,” said the statement.
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