B2B Payments

The “What’s Up” and “Who’s Who” Of Accounts Payable?

Some have said that the accounts payable process is sort of like a new puppy – tough and time consuming to manage but well worth the effort once trained. To help keep up with who’s doing what and how in the Accounts Payable and Spend Management services and solutions, we’ve assembled the latest announcements. And, with fewer than one in three companies having automated their AP workflow, maybe there are still plenty of businesses in need of a little housetraining.

NVoicePay Inc.

NVoice Pay Inc. launched Payment Optimization, a built in capability in NVoicePay’s B2B ePayment solution that ensures enterprises can pay all suppliers electronically.

NVoicePay Payment Optimization combines cloud-based software with supplier enablement services to deliver payment processing. The solution automatically processes the optimal method of payment for each transaction by matching the supplier’s preferred and accepted payment methods with the method that offers the greatest benefit to the customer.

 

Visage Mobile

Visage Mobile, focused on wireless expense management, data and analytics, launched International Travel Roaming Alerts. This set of alerts will notify travel and mobility managers to potential wireless and mobile spend overages before international travel takes place. Companies and their mobile device management software (MDM) can better control corporate ravel and wireless expenses. The solution will be available in the Concur App Center and though the Concur platform.

 

Concur and IBM

Concur and IBM have entered a strategic alliance to jointly offer Concur’s automated expense management and reporting to IBMs Global Expense Reporting Solutions clients.

 

OB10 and DocuSphere

OB10 and DocuSphere have created partnership and found their first joint customer. A major European organization will use the integrated accounts payable automation technology to automate its global accounts payable processing, eliminate paper and support environmental initiatives.

 

Yooz

The cloud-based system for streamlining accounts payable has been available for European businesses since 2011 and now will be available to US businesses. Yooz is designed for medium to large businesses to capture, manage and process financial documents without the need for a large IT investment. Currently over 800 businesses are using the program including Ernst & Young, PricewaterhouseCoopers and Toshiba. Yooz reports that their customers have reduced invoice-processing costs by 70%.

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Latest Insights: 

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out the February 2019 PYMNTS Digital Fraud Tracker Report

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