Business-to-business (B2B) payments are the lifeblood of the modern economy, with businesses spending trillions of dollars on merchandise, services and other goods from their vendors and creditors. Experts estimate that $120 trillion crisscrosses the globe in B2B payments annually, $25 trillion of which businesses conduct...
Boost Payment Solutions and OneSource Virtual (OSV) have partnered to fully automate invoice payments for Workday customers. This collaboration brings together OneSource Virtual’s new Invoice Pay product and the Boost Intercept straight-through processing solution, the companies said in a Tuesday (June 20) press release. “Together, we are creating a fully...
Many logistics, shipping and transportation companies live and die by their relationships. That’s probably why PYMNTS data in the report “Accounts Payable Automation: Transportation Companies Innovate To Drive Growth,” done in collaboration with Routable, finds that when investing in innovations to modernize their business, members...
Paymerang has acquired two companies to complement its accounts payable (AP) automation offerings. The Richmond, Virginia-based firm announced in a Tuesday (April 11) press release the asset acquisition of KwikTag, an invoice automation provider for Microsoft Dynamics ERP systems, and the share acquisition of Sypht,...
The old saying goes that necessity is the mother of invention. We might add: Necessity is the mother of tech upgrades in the back office. To that end, in the report “Digital Payments Technology: Investing in Payments Systems for the Digital Economy,” a PYMNTS and...
The healthcare industry overall has an employment problem. Seeing a sharp personnel exodus post-pandemic, the industry continues to lose workers. The Bureau of Labor Statistics January employment report notes a 21% employment dip in “healthcare and social assistance” from the previous month, far outpacing personnel loss across other industries. ...
Priority Technology Holdings and IQ BackOffice have partnered to fully automate accounts payable (AP) payments. In a Thursday (Feb. 9) press release, the companies said that Priority’s CPX automated payment solution had been integrated into IQ BackOffice’s Streamlinea financial process automation software. “By integrating CPX into our platform we will be...
COVID-19 sent nearly everyone doing business within the eCommerce sphere scrambling to invest in tech innovations, mostly to get through lockdowns and the resulting economic fallout. The most recent PYMNTS/Corcentric collaboration, “Digital Payments Technology,” found that only 29% of surveyed companies had invested in new...
Accounts payable automation company AvidXchange has debuted a business intelligence tool it says will bring fresh data and insights to finance teams that manual processes can’t. Announced in a news release Tuesday (Feb. 7), the tool offers “intelligent analytics, immersive dashboards and embedded data visualizations”...
