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

ABBYY CFO: Managing for Inflationary Macroclimate Still Highest Priority Post-SVB
ABBYY CFO: Managing for Inflationary Macroclimate Still Highest Priority Post-SVB
March 28, 2023  |  CFO

Chief financial officers (CFOs) acting as organizational navigators are staring down choppy seas. Amid historically high inflation, rising interest rates, and broader economic volatility, there...

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OpenEnvoy CEO Says Generative AI Will Soon Spawn Companies of One
OpenEnvoy CEO Says Generative AI Will Soon Spawn Companies of One
March 27, 2023  |  Artificial Intelligence

“Small forest fires” that are “ultimately good for the forest.” That’s how Matthew Tillman, CEO at automated accounts payable (AP) solution OpenEnvoy, is looking at...

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Generative AI Helps Firms Take Aim at Legacy Cost Centers
Generative AI Helps Firms Take Aim at Legacy Cost Centers
March 21, 2023  |  Artificial Intelligence

As large language models (LLMs) like ChatGPT keep growing, enterprise headcounts might start shrinking. This, as a new paper from OpenAI researchers estimated that the...

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BNPL Means Suppliers Stop Waiting for the Check in the Mail
BNPL Means Suppliers Stop Waiting for the Check in the Mail
March 21, 2023  |  BNPL

Business-to-business (B2B) payments are the lifeblood of the modern economy. They are necessary for any business that deals with physical goods, from the smallest craft...

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Monite Raises $5 Million for Embedded Finance Workflows Solution
Monite Raises $5 Million for Embedded Finance Workflows Solution
March 20, 2023  |  B2B Payments

Embedded finance workflows startup Monite has closed $5 million in seed funding. This follows a $5 million seed round in February 2022, bringing the firm’s...

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To Have an Impact, Business Payments Innovations Must Move as Fast as Customer Needs
To Have an Impact, Business Payments Innovations Must Move as Fast as Customer Needs
March 08, 2023  |  B2B Payments

The business-to-business (B2B) landscape is in the midst of a pivotal migration away from legacy systems. “The market changes over the past few years have...

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AvidXchange Offers Credit Unions Invoice-to-Pay
AvidXchange Offers Credit Unions Invoice-to-Pay
March 07, 2023  |  Credit Unions

Payments solutions company AvidXchange has a new solution for credit unions. The company has begun a referral partnership with KeyStone by Corelation, according to a...

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Supply Chain Weak Links Pose Incoming Payments Fraud Risks for CFOs
Supply Chain Weak Links Pose Incoming Payments Fraud Risks for CFOs
March 06, 2023  |  B2B Payments

Hackers and fraudsters constantly probe their would-be victims for weaknesses. And when it comes to B2B fraud — where the payoff can be in the...

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AI Critical to Making Business Payments Faster and Safer
AI Critical to Making Business Payments Faster and Safer
March 03, 2023  |  B2B Payments

“Real-time payments processing is becoming a reality in B2B,” Manish Jaiswal, chief product and technology officer at Corcentric, told PYMNTS. But as payments get faster,...

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