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

CFOs Seek New Levels of Efficacy in 2023 Systems Investments
CFOs Seek New Levels of Efficacy in 2023 Systems Investments
February 08, 2023  |  Digital Payments

With all the digital transformation that took place across various systems during the first two years of the pandemic, more firms are now filling in...

READ MORE >
GoCardless Launches White-Label Product Enabling Bank-to-Bank Payments
GoCardless Launches White-Label Product Enabling Bank-to-Bank Payments
February 08, 2023  |  Payment Methods

GoCardless has launched a solution that enables third-party payment providers to allow bank-to-bank payments. The new GoCardless Embed is a white-label product that integrates the firm’s global bank...

READ MORE >
AvidXchange Offers ‘Actionable Insights’ With New AP Visibility Tool
AvidXchange Offers ‘Actionable Insights’ With New AP Visibility Tool
February 07, 2023  |  Accounts Payable

Accounts payable automation company AvidXchange has debuted a business intelligence tool it says will bring fresh data and insights to finance teams that manual processes...

READ MORE >
Digital ID and KYC Platforms Potent Weapons Against Accounts Receivable Fraud
Digital ID and KYC Platforms Potent Weapons Against Accounts Receivable Fraud
February 03, 2023  |  Security & Fraud

 Not knowing who’s on the other side of the transaction is expensive.  As noted here last month, financial institutions (FIs) were fined nearly $5 billion for...

READ MORE >
AvidXchange Promotes Ex-Fiserv Exec Dan Drees to President
AvidXchange Promotes Ex-Fiserv Exec Dan Drees to President
January 31, 2023  |  Personnel

Accounts payable (AP) automation and payments solution company AvidXchange has a new president. Dan Drees, who has served as the Charlotte, North Carolina, company’s chief...

READ MORE >
Tomorrow’s Most Important B2B Investment Is Usable Digital Infrastructure
Tomorrow’s Most Important B2B Investment Is Usable Digital Infrastructure
January 31, 2023  |  B2B Payments

Software is eating the world, with B2B enterprise solutions transforming key operations across sectors. However, for the promise of interoperable digital advances to grow into...

READ MORE >
70% of Marketplaces Expect AP Innovation to Improve Relationships With Vendors
70% of Marketplaces Expect AP Innovation to Improve Relationships With Vendors
January 30, 2023  |  Accounts Payable

There’s no reason for merchants to want to communicate poorly with their vendors, yet aging payables systems can force these key interactions to be a...

READ MORE >
Spend Management Firm PayEm Looks to Expand After Securing $220M
Spend Management Firm PayEm Looks to Expand After Securing $220M
January 25, 2023  |  Investments

Spend management firm PayEm says it has received $220 million in equity and credit financing. “Our new warehouse credit will allow us to continue to...

READ MORE >
CFOs Prioritize Cash Flow and Procurement Systems in Upgrades
CFOs Prioritize Cash Flow and Procurement Systems in Upgrades
January 25, 2023  |  Spend Management

Cash flow and working capital are much on the minds of chief financial officers in 2023, with many turning to specialized systems to manage these...

READ MORE >