With late payments resulting in late fees for 41% of buyers in the past year, companies are making accounts payable automation their top priority to keep up. PYMNTS explores how automation is helping transform AP into a customer service function to bolster businesses’ financial health.
Manual migraines are hamstringing the order-to-cash and source-to-pay continuum. And the legacy headaches couldn’t have picked a worse time to stick around, what with today’s ongoing macro challenges making speed to cash and access to working capital more important than ever. Still, order to cash...
Time is money — and an enterprise’s treasurer needs to keep a steady hand on both. That’s why PYMNTS CEO Karen Webster sat down with Catherine Simpson and Krista Sharp, co-heads of Treasury Services for Middle Market Banking and Specialized Industries at JPMorgan Chase, to get their insights into how...
Business-to-business (B2B) payments are the lifeblood of the modern economy, with businesses spending trillions of dollars on merchandise, services and other goods from their vendors and creditors. Experts estimate that $120 trillion crisscrosses the globe in B2B payments annually, $25 trillion of which businesses conduct...
Unanet has introduced an accounts receivable tool for clients in the architecture and engineering sectors. The Virginia-based company announced the debut of its new accounts receivable (AR) automation functionalities Tuesday (June 20), saying it will help customers streamline what are traditionally manual AR processes. Unanet, which provides enterprise...
Boost Payment Solutions and OneSource Virtual (OSV) have partnered to fully automate invoice payments for Workday customers. This collaboration brings together OneSource Virtual’s new Invoice Pay product and the Boost Intercept straight-through processing solution, the companies said in a Tuesday (June 20) press release. “Together, we are creating a fully...
In the United States, an average employee has over $3,000 in unused paid time off (PTO) at any given moment, with over $318 billion annually in unused PTO being rolled over each year, according to Veetahl Eilat-Raichel, co-founder and CEO at FinTech startup Sorbet. “There’s...
When hiring and paying workers cross-border, companies can face payment hurdles and other barriers making the process more difficult, often requiring the use of specialized global payment platforms to get funds into the hands of workers in different countries. Based on a survey of 250...
Today’s chief financial officers aren’t just closing the books; they’re often the ones writing the story. That’s because as digitization continues to sweep across the business landscape it is transforming the role of finance teams from bean counters and scorekeepers to business partners and strategic...