B2B payments are made up of workflows and data; and lots of it. And in a landscape increasingly shaped by automation and data, few back-office functions are experiencing as radical a transformation as accounts receivable (AR). In most organizations, AR reporting is often a lagging...
In an era where liquidity defines corporate survival, the back office has become a strategic battleground. The unglamorous accounts receivable (AR) function, once considered a cost center, is at the heart of this transformation. AR had been synonymous with manual invoices, aging spreadsheets, and overdue...
For CFOs, the work never stops. And when it comes to mergers and acquisitions, that can often be when the work picks up. After all, the less publicized but most mission-critical facet of many deals is the post-merger integration (PMI) of freshly inherited vendor and...
Artificial intelligence is reshaping corporate finance, with accounts payable (AP) functions at the forefront of the transformation. The PYMNTS Intelligence report “Smart Spending: How AI Is Transforming Financial Decision Making,” a collaboration with Coupa, quantifies how enterprises are using AI, as well as the perceived...
Infosys’ business process management arm, Infosys BPM, has added artificial intelligence agents for invoice processing to its Infosys Accounts Payable on Cloud solution. This solution makes invoice processing largely autonomous to enhance efficiency and accuracy, the company said in a Friday (May 30) press release....
Payment tech company Global Payments is selling its payroll business for $1.1 billion. Global Payments will divest payroll operations to Michigan-based FinTech Acrisure, according to a Wednesday (May 28) press release. “The divestiture of its payroll business is the latest step Global Payments has taken...
Facing persistent economic headwinds and business challenges, CFOs are abandoning traditional strategies in favor of technological adoption and external partnerships to navigate market uncertainty and pursue growth. According to recent findings by PYMNTS Intelligence, which surveyed CFOs from middle-market companies with annual revenues between $100...
B2B payments are the lifeblood of global business, and few innovations have scaled as rapidly (and as unevenly) as virtual cards across B2B. “Virtual cards are growing tremendously in the market, with estimates that range from anywhere between 15% to 25%. But while they’re a...
Chime Enterprise has introduced a tool to provide payroll teams with better data. PayTV is designed to offer payroll professionals real-time confirmation when workers can access their pay, the FinTech said in a Tuesday (May 13) press release. “Whether employees use Chime or another financial institution,...