To better track and manage non-payroll spend, companies need to upgrade their accounts payable functions. That’s no easy task. In the report “Improving Financial Performance: The Speed Of Spend Management System Adoption,” a PYMNTS and Airbase collaboration, we found that adding new capabilities to an...
The Dubai-based FinTech Qashio announced on Tuesday (Nov. 22) that it has raised $10 million in a seed round to accelerate its expansion into the Kingdom of Saudi Arabia (KSA). Participants in the round include One Way Ventures, MITAA, Cadorna Ventures, Sanabil 500 MENA, Nuwa...
Liquidity is front and center — not just because of cryptocurrency. To be sure, the recent FTX disaster in the crypto space has been bringing the term “liquidity” to everyone’s lips as traders pull their bitcoin off exchanges, trading platforms file for bankruptcy, and worries...
It’s easy to get carried away by dazzling innovations and futuristic concepts in finance, but what companies usually crave more is a dose of reality to make planning pay off sooner, not later. Speaking with PYMNTS for our “Executive Insights Series – The Next Three...
Tracking non-payroll spending is a widely known drain on company’s time and resources to the point where getting this niche, costly corner of the accounts payables process under control has become a top mission for many businesses. In a PYMNTS “On the Agenda” conversation, Airbase...
Non-payroll spend management is designed to deploy, account for and control the money that companies spend to drive growth, yet this function too often relies on inefficient processes. Managing non-payroll spending by employees is a labor-intensive — and therefore also expensive — process. In fact,...
You can’t fix problems, you can’t embrace opportunities, unless you can see them. And in the business-to-business (B2B) realm, as found in the report “Improving Financial Performance,” done in collaboration between PYMNTS and Airbase, we found that visibility is sorely lacking in the back...
Mastercard has launched Global Treasury Intelligence, a cloud-based platform designed to give businesses more visibility into how and where they spend money. “In a recent poll of treasury professionals, 91% of respondents noted they still used spreadsheets for forecasting,” the company said in a news release...
Remote work disruptions have brought to light the inefficiencies with traditional spend-management practices, leading a number of players to start looking for ways to disrupt a slow-to-innovate facet of corporate life. We dug deeper into our recent study of companies conducted in collaboration with Airbase...