Manual accounts payable (AP) operations can cost firms more than they might think. And the complexity of enterprise AP programs presents a challenge for businesses, particularly as many companies face growing transaction volumes without a corresponding ability to expand staff. “It’s a serious problem within...
There’s a time and a place for doing things by hand. But as the first quarter of the 21st century comes to a close, that time and place shouldn’t be a firm’s back office. Yet from tedious invoice processing to fragmented financial tech stacks, the...
Vault has released new functionality for its platform to help Canadian businesses automate vendor payments. The new addition, announced in a news release Tuesday (Aug. 27), offers businesses a “true two-way sync,” Vault said in a news release, noting that early testing showed businesses could...
Accounts payable (AP) — as a department and a general corporate practice — is critical to the long-term viability of any enterprise. The payables, as a practice, represent taking care of the money owed to suppliers or creditors, typically within a timespan of just a...
Centime added a fully liquid, high-yield bank account to its accounts payable (AP) automation solution. With the new offering, businesses can earn interest on AP float, use those earnings to cover the subscription costs of the AP solution and transform their AP into a new...
Think of the consumer packaged goods industry, and you think of the monoliths. Procter & Gamble, for example, has been around since 1837 and has 65 brands on its current roster. Colgate-Palmolive has been in business since 1806 and has 32 brands. What gets lost...
Transforming back-office functions can often serve as a way to move business growth forward. And the accounts payable (AP) function, which plays a crucial role in maintaining the financial health of an organization, is more and more being recognized for its potential to become a...
Maybe you’ve gotten the emails, or heard through word of mouth: There are billions of dollars’ worth of unclaimed assets held by state governments. Ann Fulmer, director of unclaimed property consulting services at Sovos, told PYMNTS that the holdings are both tangible and intangible …...
Otelier has launched a product that automates accounts payable (AP) workflows for hotel operators. The new DigiPay product streamlines back-office operations by eliminating time spent processing invoices and cutting checks to suppliers, the company said in a Tuesday (June 18) press release. “Accounts payable is...