August 28, 2020As payment flows become more complex, manual review and intervention by human experts must become more specialized, putting their intuitive expertise to work exactly where it’s most needed. That compels ...
August 27, 2020 Legacy AP processes can be costly and cumbersome, and many businesses are finding that they can no longer deal with such frictions. Old-school processes’ strains are hitting firms harder than ...
August 26, 2020If there’s one big takeaway that has come out of the pandemic’s impact on businesses’ accounts payable operations, it’s that solely relying on manual, on-site processes can leave businesses flat-footed, ...
August 25, 2020Businesses are not anticipating a smooth return to normalcy, with 43.5 percent of treasurers saying in a global poll that they expect the economic recovery to follow a “W”-shape, rather ...
August 6, 2020As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech ...
July 13, 2020It didn’t take people long to run out of bathroom tissue (apparently) and cash, among other things, after COVID-19 was confirmed. The blow to America’s small and medium-sized businesses (SMBs) ...
July 10, 2020 Cash flow is king, especially for small- to medium-sized businesses (SMBs). These firms often have less funding than their larger counterparts, and this makes it critical that they operate as ...
July 9, 2020Fruit importers/exporters never know how much they’ll pay their growers or get paid by grocery stores until the produce hits the market. That means a rather pear-shaped cash flow if ...
July 8, 2020Small- to medium-sized businesses (SMBs) must often cope with slim operating margins and limited resources, and these two pressures make it essential that they closely monitor their cash flows.
Doing so ...
June 24, 2020The accounting world was as caught off-guard and unprepared as most other industries when COVID-19 came to town. One fact has clearly surfaced in the interval between pandemic lockdowns and ...
June 23, 2020 Businesses must purchase various supplies and services to power their operations, but they often find it challenging to manage vendor payments. Large companies may receive thousands of monthly invoices that ...
June 22, 2020Businesses relying on paper-based AP methods could be losing out on thousands if not millions of dollars, Bank of America’s Brad Garfield says. In this month’s Next-Gen AP Automation Tracker, ...
June 19, 2020Businesses that have stuck with paper-based accounts payable (AP) processes are feeling the heat as the COVID-19 pandemic makes it unsafe for staff to conduct manual invoice and payment processing ...
June 1, 2020Physicist Niels Bohr — or maybe it was ballplayer Yogi Berra — once said predictions are hard, especially the ones about the future.
Any sudden shock to the system like we ...
May 18, 2020Restarting and reinventing the U.S. economy will involve accounts payable (AP) automation. Count on it. “Buyers need upgraded AP tools that provide detailed views of their finances and outstanding invoices ...
May 15, 2020 Finance professionals spend considerable time and effort using manual accounts payable (AP) processes that require sorting through paper documents and keying invoice details into their internal systems. These legacy methods provide scant details about payments’ ...
May 14, 2020Selling iced tea in summer is big business, and one that requires beverage brands to manage supplier payments for everything from tea leaves to bottle caps. Issues arising from invoicing ...
May 13, 2020 Late payments have always plagued business-to-business (B2B) commerce, but the problem is coming to a new head. Financial instabilities that many companies are facing due to the pandemic has made ...
April 20, 2020 Accounts payable (AP) fraud is a major threat to businesses, with 82 percent of approximately 600 corporate treasury and financial employee respondents reporting their companies were subject to payments fraud attempts in 2018. Forty-three ...
April 17, 2020Stay-at-home consumers are unlocking their inner chefs and turning to various spices, blends and rubs to build out flavors. But getting seasonings from growers and into consumers’ hands depends on ...
April 16, 2020 The COVID-19 pandemic is putting accounts payable (AP) department practices to the test. Businesses are doing their part by having employees work from home, but some companies are struggling to ...
April 14, 2020Legacy accounts receivable (AR) and accounts payable (AP) operations aren’t only inefficient, they’re costly.
PYMNTS’ latest The Optimizing AP and AR Playbook, a collaboration with OnPay Solutions, found that businesses in ...
April 8, 2020Small businesses overwhelmed U.S. financial institutions as they scrambled to apply for Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. When the program ...
April 7, 2020In today’s top news, the Federal Reserve and Treasury Department are collaborating to develop a new facility to help small- to medium-sized businesses (SMBs) stay afloat during the coronavirus, and ...
April 7, 2020It’s all hands on deck as companies across industries take measures to aid the national and global response to the coronavirus pandemic.
While some firms are adjusting the assembly lines of ...
April 2, 2020New Hampshire FinTech Bottomline Technologies has launched a free initiative to help the nation’s banks provide relief to small businesses hurt by the COVID-19 pandemic.
On Thursday (April 2), Bottomline Technologies ...
March 23, 2020More companies are focusing now on the onboarding process as a first line of defense against sleeper fraud, by making sure that fewer fake accounts get created to begin with. ...
March 20, 2020 Strong vendor and supplier relationships are among businesses’ most valuable assets. Solid partnerships can make all the strategic difference, helping companies offer needed services, improve in-house operations and expand into ...
March 19, 2020Businesses interested in expanding globally must not only juggle outgoing payments to vendors, but also cater to individual complex payment agreements. Legacy accounts payable (AP) systems, make that hard, Dan ...
March 18, 2020 How a business begins a relationship with a supplier can determine how lasting — and profitable — that bond becomes. Employing accounts payable (AP) automation solutions can help smooth onboarding ...
March 4, 2020The digital transformation across any number of verticals — from retail to healthcare — has fostered a consumer mindset that demands deep engagement, speed and convenience.
And while the headlines may ...
February 27, 2020Enterprise resource planning (ERP) systems began as a mid 20th century answer to increasingly complex inventory control and supply chain management issues. It could do a lot more though, and ...
February 26, 2020 Successful companies know they must be agile and flexible to meet customers’ ever-changing demands, forge valuable long-term supplier relationships and operate smoothly.
Many are turning to enterprise resource planning (ERP) tools ...
February 25, 2020Legacy enterprise resource planning (ERP) systems can both drain businesses’ time and resources and make accounts payable (AP) processes overly complicated. But, integrating ERP and AP systems can help expedite ...
February 24, 2020Tax season is upon U.S. small businesses, and fraudsters are taking advantage.
In a new report from Proofpoint, researchers warned that any businesses with the word “tax” in its domain is ...
February 24, 2020 For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. Firms looking to strengthen their interactions with customers and vendors by adopting ...
February 19, 2020The U.K. Competition and Markets Authority (CMA) has approved the acquisition of Experian Payments Gateway (EPG) by B2B payments firm Bottomline Technologies after finding the deal won’t negatively impact competition, ...
February 5, 2020U.K. challenger bank Metro Bank has joined the Pay.UK-operated Bacs and partnered with Boston payments firm Bottomline Technologies to enable direct debits for small to medium-sized businesses (SMBs), Metro announced ...
January 31, 2020Smartphones, artificial intelligence (AI) and virtual cards. It sounds like a corporate accountant’s dream setup, what with all those spending controls and reconciliation data flowing in, fortifying fiscal policy and ...
As payment flows become more complex, manual review and intervention by human experts must become more specialized, putting their intuitive expertise to work exactly where it’s most needed. That compels ...
