Manual reconciliation of customers’ bill payments is sending finance executives in search of aspirin. That’s according to research in the December 2022 edition of PYMNTS’ “The One-Stop Bill Pay Playbook,” which found manual reconciliation to be the most common headache payment executives face when their...
For organizations facing uncertain economic times, swift access to accounts receivable (AR) can mean the difference between profitability and financial risk. Capturing payments quickly can be a challenge, as how and when business-to-business (B2B) or other clients choose to send payments can be dependent upon...
Global payment technology company Payscout has become a preferred payments partner of Collection Works Software Solutions, a supplier of technology and services to the collections, debit and credit management marketplace. With this enhanced partnership, Collection Works users will have a direct integration to Payscout’s Paywire...
Blockchain-enabled B2B payments firm Paystand has debuted what it called the world’s first dynamic discounting application for seller accounts receivable (AR) teams, according to a Monday (July 18) company press release. The solution is powered by Ethereum smart contracts. Early payment discounts incentivize buyers to...
Tesorio has raised $17 million in a Series B funding round, the accounts receivable management platform said Tuesday (July 5). The company said in the news release it is focusing this round on expanding its go-to-market efforts. Tesorio has also named two new people to...
Accounts receivable (AR) automation system Gaviti is partnering with accounting, financial, HR and payroll firm Sage to better manage invoices, IBS Intelligence wrote Wednesday (May 18). This will see Graviti integrating its account with the Sage Intacct cloud management system, which will let customers of...
Quadient, which works on making customer connections via digital and physical channels, announced Tuesday (May 10) that it is launching its cloud-based intelligent accounts receivable (AR) solution YayPay in France. This will automate the AR process from “credit to cash application,” per the release. The...
American Express is joining forces with collaborative accounts receivable (AR) provider Versapay to help its clients improve the AR process. According to a Tuesday (May 10) news release from Versapay, the partnership will give suppliers who use American Express virtual cards access to Versapay’s AR...
Companies have dramatically changed the way they conduct business in just a few short years, especially when making and receiving vendor payments. The pandemic and the widespread shift to remote work are likely to remain the status quo for the foreseeable future and have forced...
