PYMNTS-MonitorEdge-May-2024

AR

Augmented reality is an interactive experience of a real-world environment where the objects that reside in the real world are enhanced by computer-generated perceptual information, sometimes across multiple sensory modalities, including visual, auditory, haptic, somatosensory and olfactory.

Source: en.wikipedia.org

3 Ways Legacy B2B Challenges Are Shaping Tomorrow’s Biggest Opportunities
3 Ways Legacy B2B Challenges Are Shaping Tomorrow’s Biggest Opportunities
January 24, 2024  |  B2B Payments

Over a long enough horizon, challenges represent opportunities for innovation, improvement and growth. That’s the case even when those challenges stem from behaviors that appear...

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36% of SMBs Say Cost, Complexity Prevent AP/AR Automation
36% of SMBs Say Cost, Complexity Prevent AP/AR Automation
January 23, 2024  |  Accounts Payable

Nearly 80% of mid-size firms — those generating between $3.5 million and $15 million in annual revenue — anticipate a surge in the volume of...

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Full AP Automation Pays Off as 74% of Mid-Sized Firms Report Higher Vendor Satisfaction 
Full AP Automation Pays Off as 74% of Mid-Sized Firms Report Higher Vendor Satisfaction 
January 11, 2024  |  B2B Payments

Ensuring vendor satisfaction is crucial for businesses as it directly impacts the overall success and efficiency of operations.  Satisfied vendors are more likely to maintain...

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Chaser Promotes SMS Payment Reminders by Absorbing Processing Costs
Chaser Promotes SMS Payment Reminders by Absorbing Processing Costs
January 03, 2024  |  Accounts Receivable

Chaser, a global accounts receivable (AR) platform and credit control service provider, is promoting the adoption of SMS payment reminders by enabling businesses to pay nothing for...

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Mid-Sized Firms Lag Enterprise Peers in Automating Payments and Receivables
Mid-Sized Firms Lag Enterprise Peers in Automating Payments and Receivables
December 29, 2023  |  Accounts Payable

More than 90% of mid-sized firms — those annually generating $3.5 million to $15 million in revenue — that plan to further automate their accounts...

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Companies With AI-Driven Strategies Outcompete Peers, Study Finds
Companies With AI-Driven Strategies Outcompete Peers, Study Finds
November 28, 2023  |  Artificial Intelligence

The payments industry has been a latecomer to the financial technology revolution. Many companies still use legacy accounts receivable (AR) processes marked by an overwhelming...

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Cost Concerns Keep More Than One-Third of Firms From Automating AR Processes 
Cost Concerns Keep More Than One-Third of Firms From Automating AR Processes 
November 22, 2023  |  B2B Payments

Businesses expect that handling payments — both sending and receiving them — will become even more crucial in the future. On average, companies anticipate a...

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How the Cloud Streamlines Cross-Border B2B Payments
How the Cloud Streamlines Cross-Border B2B Payments
November 22, 2023  |  B2B Payments

Cloud-based innovations are at the forefront of leveling the playing field for international commercial transactions. That’s why PYMNTS sat down with Paul Chang, Head of Payment...

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93% of Middle Market Firms Say Current AP/AR Systems Don’t Cut It
93% of Middle Market Firms Say Current AP/AR Systems Don’t Cut It
November 20, 2023  |  Accounts Payable

Automating accounts payable (AP) and accounts receivable (AR) can provide a crucial edge for mid-size firms. Most that have done so report increased efficiency and...

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