Ap news and trends

78% of CFOs Say AI Is ‘Extremely Important’ to Payments Processes
artificial intelligence // June 13, 2024

Most CFOs working on behalf of organizations earning at least $1 billion annually use multiple systems to manage their source-to-pay cycles, and nearly 60% of firms earning between $10 billion and $20 billion each year rely on at least five accounts payable (AP) systems. Why...

Ad Hoc Payments Reach 30% of AP Dollar Volume for Enterprise SMBs
Accounts Payable // June 11, 2024

Thanks in part to the influx of gig workers and demands of key industries, enterprise small- to medium-sized business (SMB) payers are sending 28% more instant ad hoc payments than they did inSeptember. Ad hoc payments — those payments made outside of normal invoicing and...

TranscendAP Launches as New AP Automation Company
Accounts Payable // 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 and CEO Jeff Weinstein to focus on delivering artificial intelligence (AI)-powered accounts payable (AP) automation solutions to...

Unimarket Introduces ‘AP Payments as a Service’ for US Customers
Accounts Payable // 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 Unimarket customers with national or regional offices in the U.S., the company said in a...

Interviews & Exclusives
Virtual Cards Set to Transform Buyer-Supplier Relationships

April 23, 2024
Management guru Peter Drucker once said that “wherever you see a successful business, somebody made a courageous decision.” That’s the spirit behind the Certainty Project, a study from PYMNTS Intelligence highlighting the implications of decision-making in financial operations.  And according to a recent panel discussion of industry heavyweights that featured Robin Boudsocq, head of B2B Commercial Cards at […]

Unlocking Efficiency: How Digital Invoicing Can Transform Operations

April 16, 2024
Paying and getting paid are crucial to businesses’ livelihood, no matter their size. There isn’t a once-size-fits-all approach to invoicing and reconciliations, and the market remains fragmented — caught between...

Can AI Find Its Way Into Accounts Payable?

April 05, 2024
Generative artificial intelligence (AI) is igniting a new era of innovation within the back office. No legacy process is safe. And this is particularly true for accounts payable (AP) programs,...

73% of Firms Say AP Automation Improves Cash Flow

February 06, 2024
Businesses are expecting a significant increase in both payments made and invoices delivered over the next three years. In fact, on average, firms — regardless of size or industry —...

Quick Reads
TranscendAP Launches as New AP Automation Company

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 and CEO Jeff Weinstein to focus on delivering artificial intelligence (AI)-powered accounts payable (AP) automation solutions to growing enterprises, TranscendAP said in a Wednesday (May 8) press release. […]

Unimarket Introduces ‘AP Payments as a Service’ for US Customers

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...

Digits Launches AI Bill Pay for Small Businesses

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...

JustPaid Launches API to Support Usage-Based Billing

April 09, 2024
JustPaid has launched a billing platform application programming interface (API) that helps businesses automatically track product usage and generate invoices. It does so by uploading usage data through an API integration,...