Accounts payable (AP) remains a pain point for businesses of all sizes, particularly those that still rely on legacy methods like checks. The adoption of embedded payments presents an opportunity to transform AP, enhancing efficiency and security while addressing ongoing challenges. A PYMNTS Intelligence report,...
By now we know the usual suspects for payments and back-office automation. There’s the paper check, and all its costs and fraud potential. There’s the paper invoice. And there’s the repetitive, manual work, not to mention the Excel spreadsheets. But there’s life beyond the usual...
Manual accounts payable (AP) operations can cost firms more than they might think. And the complexity of enterprise AP programs presents a challenge for businesses, particularly as many companies face growing transaction volumes without a corresponding ability to expand staff. “It’s a serious problem within...
Vault has released new functionality for its platform to help Canadian businesses automate vendor payments. The new addition, announced in a news release Tuesday (Aug. 27), offers businesses a “true two-way sync,” Vault said in a news release, noting that early testing showed businesses could...
November 05, 2024
As businesses adapt to a digital environment, many accounts payable (AP) departments are still using outdated practices. With rising business-to-business (B2B) payment volumes and cumbersome manual systems still in place, companies are prioritizing AP automation. A PYMNTS Intelligence report, “Automating Accounts Payable for Cost Savings,” in collaboration with Finexio, examines this shift, which enhances efficiency […]
October 10, 2024
Accounts payable (AP) remains a pain point for businesses of all sizes, particularly those that still rely on legacy methods like checks. The adoption of embedded payments presents an opportunity...
October 08, 2024
By now we know the usual suspects for payments and back-office automation. There’s the paper check, and all its costs and fraud potential. There’s the paper invoice. And there’s the...
September 26, 2024
Manual accounts payable (AP) operations can cost firms more than they might think. And the complexity of enterprise AP programs presents a challenge for businesses, particularly as many companies face...
August 27, 2024
Vault has released new functionality for its platform to help Canadian businesses automate vendor payments. The new addition, announced in a news release Tuesday (Aug. 27), offers businesses a “true two-way sync,” Vault said in a news release, noting that early testing showed businesses could reduce the time needed to pay their vendors by 70%. […]
May 08, 2024
TranscendAP, which has been a business unit of Optima Global Solutions since 2018, is now operating as a newly formed company. The firm was launched by Optima Global Solutions and TranscendAP co-founder...
May 01, 2024
Unimarket has introduced its fully managed accounts payable (AP) payments service, Unimarket Payments, to the United States. This service, which optimizes, monetizes and secures the entire payment life cycle, is now available to...
April 30, 2024
Accounting software firm Digits has launched AI Bill Pay, an artificial intelligence (AI) accounting platform. Calling it the world’s first bill pay product to fully understand invoice document structure, the company said in...
