Even businesses that have entirely digitized their consumer-facing operations may still have work to do in transforming their business-to-business (B2B) processes. One of the most critical business functions in need of digitization is invoicing. While larger corporations have invested in electronic invoicing technology, most small...
Accounts payable (AP) automation is helping companies do much more than accelerate payments. Businesses that initially perceived the technology as a temporary necessity have rapidly come to embrace it as a strategic, multipronged tool for the long term. AP digitization helps them reduce friction and...
Today in B2B payments, Apis invests in DT One, while Adflex expands its partnership with Mastercard. Plus, Quark.ai debuts an autonomous B2B eCommerce support platform, and half of the B2B invoices sent in the U.S. become overdue before they’re paid. Apis Invests in B2B Micropayments...
As businesses continue their digital transformations in the pandemic’s aftermath, digitization of business-to-business (B2B) processes still has some catching up to do. One of the most crucial of these processes is invoicing. A 2019 report estimated that companies and their business partners exchanged more than...
March 08, 2022
While many businesses made the shift to digital during the pandemic, some — too many, in fact — are still relying on paper-based accounts payable (AP) processes. It’s been well documented, of course, that AP modernization can improve cash flow collection. Indeed, PYMNTS’ own data show that 59% of chief financial officers at firms with […]
March 04, 2022
Automation handles large tasks quickly and accurately. It’s especially effective when there’s not enough humans to tackle big challenges like accounts payable (AP) in the age of COVID. This is...
February 24, 2022
We’re into 2022, but there are a few trends that continue from last year unabated. Businesses continue to make their way through the pandemic, and they’re grappling with inflation. As...
January 19, 2022
Even as digitization roared through 2021, it wasn’t at all unusual to find firms still sending paper invoices and appointing staffers to print checks, bringing them to someone to sign...
May 13, 2022
Almost 4 out of every 5 finance leaders in the U.S. and U.K. believe their firms’ accounts payable (AP) operations can’t sustain continued growth, with many of them blaming inefficiencies from the use of manual processes, which they say are also leading to fraud and risk exposure. The survey of 500 finance leaders in both […]
March 24, 2022
While businesses have taken steps to embrace faster payments during the pandemic, a quarter of B2B payments are still made by check. This issue is the most pronounced in commercial...
January 21, 2022
When the pandemic struck, companies around the world began automating their accounting systems to be able to make and receive payments without having to go to the office. However, the...
December 16, 2021
Accounts payable (AP) automation firm Beanworks by Quadient is offering a no-cost workflow solution to businesses still entrenched in cutting checks manually and depending on paper processes over digital advances....
