accounts payable

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

Source: en.wikipedia.org

Generative AI Moves Finance Teams From Bean Counter to Business Partner
Generative AI Moves Finance Teams From Bean Counter to Business Partner
May 04, 2023  |  CFO

The future of business operations is undoubtedly digital.  Generative artificial intelligence (AI) tools and automated machine learning (ML) solutions are disrupting the economic landscape and ushering in a new, modern...

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OpenEnvoy Raises $15 Million to Grow AP Automation Solution
OpenEnvoy Raises $15 Million to Grow AP Automation Solution
May 03, 2023  |  Investments

OpenEnvoy has raised $15 million in Series A financing to grow its accounts payable (AP) automation solution. The company’s platform uses artificial intelligence (AI) to...

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Deluxe, Echo Health Form DPX to Offer Digital Payments to Paper Users
Deluxe, Echo Health Form DPX to Offer Digital Payments to Paper Users
May 02, 2023  |  Digital Payments

Deluxe and Echo Health have teamed to offer digital payments services to companies using paper. The two payments companies announced Tuesday (May 2) that they’d...

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New Digital Business Banking Models Blend Banking and Finance for Startups
New Digital Business Banking Models Blend Banking and Finance for Startups
May 02, 2023  |  SMBs

Nothing is more rewarding than being a small business owner — and nothing is more challenging. That’s because being your own boss brings with it...

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How Buyers Answer ‘When Will I Get Paid?’ Comes Down to Leverage, Says Billtrust CFO
How Buyers Answer ‘When Will I Get Paid?’ Comes Down to Leverage, Says Billtrust CFO
May 01, 2023  |  B2B Payments

The buyer-supplier dynamic is undergoing a modern transformation. “It really comes down to leverage,” Bob Purcell, CFO of B2B accounts receivable automation and digital payments...

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CFOs Rethink ROI in Measuring Financial Supply Chain Cost and Risks
CFOs Rethink ROI in Measuring Financial Supply Chain Cost and Risks
April 28, 2023  |  CFO

“It’s a really difficult time to be a CFO and think strategically,” OpenEnvoy CEO Matt Tillman told PYMNTS’ Karen Webster. “Lately, it’s been more about,...

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Uber Freight Launches Fleet Card With Spend Management Tools
Uber Freight Launches Fleet Card With Spend Management Tools
April 27, 2023  |  Partnerships

Uber Freight and AtoB have partnered to deliver FinTech tools to carriers. With this partnership, eligible Uber Freight carriers can manage fuel purchases through the...

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Quadient Adds Cash Application Module to AR Automation Solution
Quadient Adds Cash Application Module to AR Automation Solution
April 26, 2023  |  B2B Payments

Quadient has added a cash application module to its accounts receivable (AR) automation solution. The new Advanced Cash Application module eliminates the need for finance teams to manually...

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PaperTrl Adds Virtual Cards to Construction Payments Platform
PaperTrl Adds Virtual Cards to Construction Payments Platform
April 26, 2023  |  B2B Payments

Construction industry platform PaperTrl is offering virtual card payments with U.S. Bank’s help. PaperTrl, which offers an accounts payable (AP) management and automation platform for...

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