Paper still dominates the AP ecosystem, with 72.4 percent of today’s AP professionals receiving invoices by mail and 43.8 percent by fax. There appear to be signs that many firms are ready to abandon paper-based invoices, however. The Next-Gen AP Automation Tracker’s Deep Dive outlines...
Businesses can reap clear return on investment (ROI) from accounts payable (AP) automation, yet find themselves hamstrung when partners in their supply chain still live in a legacy-payment world. In the latest Next-Gen AP Automation Tracker, Rich Wessels, treasurer for transportation and logistics tech company...
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Paper-based processes are widely used in AP departments, with recent PYMNTS data finding that 80.8 percent of firms use paper checks while 43.8 percent receive their invoices via fax. Such methods can be cumbersome and exploited for fraudulent purposes, however. The Next-Gen AP Automation Tracker's...
Automating accounts payable (AP) means the paper check will soon no longer be in the proverbial (and literal) mail. In the inaugural Next-Gen AP Automation Tracker, Uma Wilson, executive vice president and director of product management at UMB Bank, explains how the bank works to...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS...
This week, Fundbox, a B2B payments startup attempting to fix the “net terms” economy, raised $176 million in equity, a sign that changing the invoice settlement system presents a big opportunity. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Processing invoices is time consuming and costly. The average business requires 14.1 days and approval from two to five people in order to process a single invoice. It may even take more of each when invoice payments are particularly large or nonrecurring. Get the Full...
Middle market companies need help navigating the complexities of AP management – especially when it comes to cross border, cross currency payments. Tipalti CEO Chen Amit tells Karen Webster a holistic approach has helped his firm grow bookings by triple digit percentages.
