CTS Systems has integrated Corcentric’s Managed Accounts Receivable (AR) services into its travel booking platform. With this integration, the CTS Systems platform will offer corporate travel agents and hotels a single-source solution providing consolidated, digitized and secure invoice processing, the companies said in a Wednesday (May 8) press release. “By partnering with...
Fifty-seven percent of the total accounts receivable (AR) transactional volume flowing into the coffers of small to mid-sized businesses (SMBs) comes in the form of nonrecurring, ad hoc payments. Yet, PYMNTS Intelligence found that in most cases, the process around receiving and processing these ad hoc...
When it comes to choosing a career in accounting, the numbers no longer add up. That’s because, from corporate finance departments to CPA (certified public accountant) prep courses, finance functions across America are suffering from an ongoing attrition of their most seasoned team members while the accounting profession as...
Nuvei has launched a service that enables merchants to access its Invoice Financing solutions directly within their enterprise resource planning (ERP) systems. With this service, the solutions have been integrated into several leading ERPs, including Sage and Acumatica, the company said in a Thursday (April 11) press release. “By...
More than half of United States consumers received disbursements from various corporate and government agencies in the last 12 months. This number is slightly less than at this time last year due to an ongoing drop in government disbursements. Even so, the number of disbursements...
Celonis has unveiled a new suite of accounts receivable (AR) apps that aim to help AR teams optimize their processes. The Sailfin Accounts Receivable (AR) app suite, which was created in collaboration with Celonis-owned Sailfin Technologies, optimizes AR management to improve productivity and help firms...
Chaser, a global accounts receivable (AR) platform and credit control service provider, is promoting the adoption of SMS payment reminders by enabling businesses to pay nothing for SMS usage from January to June 2024. During this time, the company will absorb the costs associated with processing SMS,...
Paymerang expanded its line of finance automation solutions by adding receivables automation. The new Receivables Automation product simplifies accounts receivable (AR) and provides businesses with real-time insights into cash flow, the company said in a Tuesday (Dec. 5) press release. “The addition of the Receivables...
Late business-to-business (B2B) payments are the bane of any accounts receivable (AR) department. The headaches caused by late B2B payments affect more than just the accountants, as the entire firm relies on incoming payments to remain solvent. Any delay can have momentous downstream ramifications regarding...
