Even as the hospitality industry innovates to enhance guest experiences, a quiet revolution is underway in its back offices, fundamentally reshaping how hotels manage their finances and interact with their suppliers. The Invoice-to-Pay Automation Tracker Series, produced by PYMNTS Intelligence and sponsored by Edenred Pay, delves...
Watch more: Wrapping AI Around Legacy AR Shifts Decisioning Into Machine Speed Volatility, high interest rates and persistent pressure on liquidity are turning back-office functions into boardroom concerns. Perhaps nowhere is this shift more apparent than in accounts receivable (AR). Historically, AR departments functioned primarily...
In the sprawling universe of enterprise software, artificial intelligence (AI) can often be cast in extreme roles. Depending on the narrative, AI either propels companies into the future or threatens to displace the very humans who run them. Yet in a corner of the enterprise...
Watch more: B2B Payments-as-a-Service Recasts AP as Revenue Generator, Uncertainty Navigator When times get tough, it can be tempting to view back-office functions like accounts payable (AP) as targets for cost-cutting. But in today’s financial climate, marked by uncertainty, supply chain friction and digital fraud,...
SquareWorks Consulting added a global payment solution to its accounts payable (AP) automation software and enterprise resource planning (ERP) services. The company’s new International Payments capability allows AP teams to onboard, manage and pay global vendors without leaving their ERP suite, it said in a...
For decades, the title of chief financial officer evoked an image of someone buried in spreadsheets and focused on quarterly closes, regulatory compliance and carefully hedged projections. Today, however, trade volatility has gone from exception to norm, and traditional Excel-based forecasting no longer suffices. “If...
Papaya Global and Worksome have partnered to help businesses of all sizes manage and pay freelancers, contractors and gig workers globally. The collaboration brings together Papaya’s platform that helps enterprises pay workers compliantly in the local currency of more than 160 countries, and Worksome’s freelancer...
The high-stakes world of healthcare procurement is also a high-cost one. In just the past decade, manual processes, opaque supplier relationships and spreadsheet-based inventory tracking have gone from harmless inefficiencies across the healthcare procurement function to operational cost centers hamstringing strategic sourcing. From artificial intelligence...
When one thinks about hospitality innovation, it’s easy to picture smart rooms, contactless check‑in or artificial intelligence (AI)‑powered concierges. What often goes unnoticed is the labyrinth beneath the surface: invoice‑processing teams drowning in stacks of purchase orders, bills and receipts, resulting in an operational quagmire...