Better business-to-business (B2B) payments need to reduce costs, enable scalability, and support data-driven decision-making. Traditionally, the manual processes supporting the accounts payable (AP) and accounts receivable (AR) function have tied up back-office operations with labor-intensive, error-prone and time-consuming workflows. These incumbent processes often involve repetitive...
Repeat business is more valuable than ever in today’s challenging operating environment. And with the news Monday (June 17) that 40Seas launched a Global Accounts Receivable (AR) platform that is powered by artificial intelligence (AI) and centralizes invoice data in a single dashboard, capturing repeat...
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...
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...
July 23, 2024
Traditionally, the back office has been populated by the number crunchers: the men and women who used to be characterized by expertise in accounts payable (AP) and accounts receivable (AR) via Excel spreadsheets and probably a lot of coffee. But that’s not the case anymore. “The important thing to remember with AP and AR is […]
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...
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...
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,...
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. […]
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...
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,...
