Small- to medium-sized businesses (SMBs) often find themselves in a constant struggle to manage cash flow, focusing more on survival than growth. Many SMBs use outdated cash management practices, which leads to mounting pressures from delayed payments and inefficient processes. The PYMNTS Intelligence report “From...
Few people want to cut checks, lick stamps or sign invoices. Every single business day, however, these same outdated activities are done countless times by many of the world’s finance and accounting professionals. Despite the rise of digital transformation in finance and business operations, companies...
Researchers have developed a new artificial intelligence (AI) system to detect accounting fraud within individual companies and across supply chains and industries. The machine learning technique FraudGCN analyzes patterns in financial data and corporate relationships to identify and predict fraudulent activities. It uses graph theory...
While no two small and medium-sized businesses (SMBs) are alike, many face similar challenges. And those challenges tend to be related to the widening gap in digital transformation when it comes to the back office and payments functions of SMBs versus their larger, enterprise peers. Still,...
September 10, 2024
Small- to medium-sized businesses (SMBs) often find themselves in a constant struggle to manage cash flow, focusing more on survival than growth. Many SMBs use outdated cash management practices, which leads to mounting pressures from delayed payments and inefficient processes. The PYMNTS Intelligence report “From Cash Flow Pain to Working Capital Gain: Automated AR/AP Solutions […]
September 04, 2024
In a world where time is money, the ability to streamline contracting and payment processes is more than just a convenience — it’s a competitive advantage. Contracting and payment processes...
September 04, 2024
It’s almost 2025, but many enterprise firms are still chasing paper when it comes to their accounts receivable (AR). When faced with the choice between being buried in mounting piles...
August 29, 2024
In today’s business environment, effective payment methods are essential. Outdated payment systems can create cash flow challenges, while digital payments offer streamlined processing, enhanced operational efficiency and improved customer experience....
August 13, 2024
Centime added a fully liquid, high-yield bank account to its accounts payable (AP) automation solution. With the new offering, businesses can earn interest on AP float, use those earnings to cover the subscription costs of the AP solution and transform their AP into a new revenue stream, the company said in a Tuesday (Aug. 13) […]
August 06, 2024
Flywire has acquired Invoiced, a software-as-a-service (SaaS) platform that enables B2B finance teams to automate the order-to-cash process. This acquisition will enhance Flywire’s B2B payments solution, extend its customer footprint across a...
July 23, 2024
U.S. Bank has introduced an automated, comprehensive accounts receivable (AR) platform designed for suppliers. The U.S. Bank Advanced Receivables platform was created in partnership with Billtrust and combines the bank’s...
July 15, 2024
Adaptive raised $19 million in a Series A funding round to scale its artificial intelligence-powered financial platform for businesses in the construction industry. The platform was launched in February 2023...
