Nook has partnered with Currencycloud to enable supplier payments in more than 35 currencies through Nook’s all-in-one accounts payable (AP) platform. The partnership with Currencycloud, whose application programming interface (API) technology facilitates multi-currency payments, expands the suite of services offered by Nook’s platform, according to...
The accounts receivable (AR) function of a business relies on timely payment for goods and services provided, which can help optimize the cash conversion cycle and help businesses grow. Frictions in the process, however, present companies with hurdles which can directly impact cash flow and...
Payroll company Atomic has formed a partnership with credit union technology provider eCU. The collaboration, announced Thursday (July 13), is designed to give credit union members an easier time switching payroll deposit accounts. “By pairing our account origination technology with Atomic’s automated direct deposit switching, it is now possible...
The 21st century wasn’t supposed to be full of so many headaches. Or so much paper. “Mid-sized companies say their [accounts payable (AP)] departments are spending about 50% of their time collecting invoices and paying suppliers,” Brett Sussman, vice president of American Express Business Blueprint and Banking, told...
Swiss FinTech startup Numarics has raised €10 million ($10.9 million) in a seed funding round, offering small and medium-sized businesses (SMBs) a digital CFO solution to streamline their administration processes. The seed investment, co-led by UBS Next and FiveT Fintech (formerly Avaloq Ventures), will also...
Accounts receivable (AR) automation is transforming corporate finance operations by providing enhanced efficiency, speed and accuracy in payments handling. However, the adoption of AR automation is still in its infancy despite the clear advantages. PYMNTS’ latest study identifies a compelling link between AR automation and...
When it comes to gig economy companies, a little accounts payable (AP) automation can go a long way. For PYMNTS’ study “Accounts Payable Automation: Why Gig Economy Companies See Payables Innovation as Key to Success,” created in collaboration with Routable, we surveyed more than 200 executives...
Late payments are some of the most difficult challenges businesses face in day-to-day operations, and they can have wide-ranging implications if not tackled swiftly. Money not being where it is supposed to be can result in further delayed payments for vendors, especially in critical areas...
Austin, Texas, platform operator Invoiced has launched a business-to-business (B2B) invoicing network, expanding its solution from accounts receivables to accounts payables (AP). According to Jared King, CEO at Invoiced, “no matter how well you structure it, the conventional AP process includes many tedious steps that...