Manual accounts payable (AP) operations can cost firms more than they might think. And the complexity of enterprise AP programs presents a challenge for businesses, particularly as many companies face growing transaction volumes without a corresponding ability to expand staff. “It’s a serious problem within...
The Federal Reserve’s long-awaited interest-rate cut arrived Wednesday (Sept. 18). The move to lower interest rates by 50 basis points marks a pivotal moment in the post-pandemic economic landscape, and for chief financial officers (CFOs) and treasurers, the move introduces new complexities — and opportunities...
Earned wage access company DailyPay is rebranding its prepaid Visa card. The card, previously known as the “Friday by DailyPay Visa Prepaid Card,” will now be known as the “DailyPay Visa Prepaid Card,” and come with added capabilities to the company’s suite of money movement services. The card “will...
There’s a time and a place for doing things by hand. But as the first quarter of the 21st century comes to a close, that time and place shouldn’t be a firm’s back office. Yet from tedious invoice processing to fragmented financial tech stacks, the...
In a world where time is money, the ability to streamline contracting and payment processes is more than just a convenience — it’s a competitive advantage. Contracting and payment processes are notorious for being cumbersome, time-consuming and often riddled with inefficiencies. From the initiation of...
It’s almost 2025, but many enterprise firms are still chasing paper when it comes to their accounts receivable (AR). When faced with the choice between being buried in mounting piles of invoices or embracing the streamlined benefits of paperless processes, many organizations frequently choose to...
Vault has released new functionality for its platform to help Canadian businesses automate vendor payments. The new addition, announced in a news release Tuesday (Aug. 27), offers businesses a “true two-way sync,” Vault said in a news release, noting that early testing showed businesses could...
Human capital management software company Paychex has debuted an employee benefits marketplace. Paychex Flex Perks, announced Wednesday (Aug. 21), offers products including early access to earned wages, financial wellness solutions, and voluntary lifestyle benefits for the employees of Paychex clients. The marketplace is integrated directly...
Accounts payable (AP) — as a department and a general corporate practice — is critical to the long-term viability of any enterprise. The payables, as a practice, represent taking care of the money owed to suppliers or creditors, typically within a timespan of just a...