accounts payable

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

(source: en.wikipedia.org)

7 in 10 CFOs Rely on Automated Customer Services to Cut Payment Delays
7 in 10 CFOs Rely on Automated Customer Services to Cut Payment Delays
August 31, 2023  |  Accounts Payable

Businesses looking to automate their accounts payable (AP) and accounts receivable (AR) piecemeal may want to start with their customer support. Payment delays have plagued...

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PandaDoc Acquires Denario to Help Small Businesses Simplify Proposal-to-Cash Workflow
PandaDoc Acquires Denario to Help Small Businesses Simplify Proposal-to-Cash Workflow
August 28, 2023  |  Acquisitions

PandaDoc has acquired Denario to help small businesses simplify their proposal-to-cash workflow. The deal will expand the capabilities of PandaDoc’s platform for document creation, management, tracking and eSigning...

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Real Estate Sector Falls Behind in Real-Time Payments Adoption
Real Estate Sector Falls Behind in Real-Time Payments Adoption
August 24, 2023  |  Real Estate

In today’s digital era, it seems almost quaint that an industry as essential as real estate relies so heavily on paper checks, given current rates...

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Generative AI’s Biggest Impact May Be as a Specialist
Generative AI’s Biggest Impact May Be as a Specialist
August 24, 2023  |  artificial intelligence

General-purpose innovations can often fall into the solution-in-search-of-a-problem trap.  After all, to a hammer everything looks like a nail. And to large language models (LLMs), everything might...

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Accounts Payable Moves From Cost Center to Revenue Generator
Accounts Payable Moves From Cost Center to Revenue Generator
August 24, 2023  |  Accounts Payable

The paper check remains firmly entrenched in B2B payments in the United States. Finexio Chief Commercial Officer Bill Fox recounted to PYMNTS that elsewhere around the world —...

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JPMorgan: Healthcare Payments Need Context to Drive Patient Value
JPMorgan: Healthcare Payments Need Context to Drive Patient Value
August 24, 2023  |  Healthcare

Innovation starts with payments and ends with a streamlined and fully optimized payee experience. But it needs to get past an iceberg of institutional inertia...

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Construction and Utility Businesses Use Credit Twice as Much as Hospitality
Construction and Utility Businesses Use Credit Twice as Much as Hospitality
August 23, 2023  |  SMBs

Slow payments are a perennial problem for the construction industry. PYMNTS research found that delayed transactions (those in which firms wait more than 90 days to receive...

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FinTech Ramp Secures $300 Million Series D to Expand Business Categories
FinTech Ramp Secures $300 Million Series D to Expand Business Categories
August 22, 2023  |  Investments

FinTech company Ramp has secured $300 million in a Series D funding round, bringing its post-money valuation to $5.8 billion. The funding will allow Ramp to expand...

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Basware Appoints Interim CEO Jason Kurtz to Permanent Role
Basware Appoints Interim CEO Jason Kurtz to Permanent Role
August 22, 2023  |  Personnel

Basware has appointed Jason Kurtz, who has served as interim CEO since the start of 2023, as its permanent CEO. Kurtz has over two decades...

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