Worldwide, business-to-business (B2B) payments volume clocks in at $120 trillion per year, but many organizations still primarily rely on manual processes to keep their accounts in order. One PYMNTS study found that 25% of B2B payments are made via paper check, with a significant number...
As companies change how they deploy capital, accounts payable (AP) processes have become more complicated. When they decided it was more efficient to put spending into the hands of all the individuals in a company, it created a roadblock between those who are spending the...
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 benefits of accounts payable (AP) and accounts receivable (AR) automation aren’t limited to convenience. For...
The payments technology firm Priority Technology Holdings has launched a partnership with Procurement Partners, which provides procure-to-pay (P2P) solutions for post-acute care and senior living communities. The collaboration, announced Thursday (Jan. 13), will see the integration of the Priority Commercial Payments Xchange (CPX) into Procurement...
Many businesses digitized their accounts payable (AP) and accounts receivable (AR) operations during the pandemic as manual processes became too difficult or impossible to conduct. What began as a necessity for survival quickly evolved into a convenient and efficient way to speed up payments and...
Small businesses can capitalize on eCommerce opportunities — but only if outdated accounting processes don’t hold them back. In the inaugural AP Automation Tracker, Ben Richmond, of cloud-based accounting platform Xero, explains how harnessing automation can help small companies reduce manual errors, cut labor costs...
Manual invoices continue to be a pain point for many businesses. They tend to be costly, inefficient and prone to human error, and the pandemic has only exacerbated many of these issues. Organizations that previously compensated for the shortcomings of their manual systems are now...
Consumer payments have been digitized to such an extent that most people have come to expect that every single transaction they make will be easy and instantaneous. Simply pull out a card and scan it, take out your smartphone and click a button — or...
Cloud-based Software-as-a-Service (SaaS) accounts payable (AP) automation platform Invoice Stream, Inc., has launched Invoice Stream 3.0, which features improved functionality and a B2B payment integration, according to a Thursday (Nov. 11) press release. The company, which serves small- to medium-sized businesses (SMBs), said Invoice Stream...