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

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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Automation Enhances AP/AR Workflows as CFOs Urged to Embrace Advanced Tech
Automation Enhances AP/AR Workflows as CFOs Urged to Embrace Advanced Tech
August 21, 2023  |  Commercial Payments

Automation and artificial intelligence (AI) have become essential tools in the business-to-business (B2B) landscape, transforming various aspects of financial operations and payment processes. For instance,...

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Aderant Debuts New Paperless Billing for Law Firms
Aderant Debuts New Paperless Billing for Law Firms
August 21, 2023  |  Accounts Payable

Legal billing software platform Aderant has launched new paperless billing capabilities for law firms. These capabilities are part of the newest version of its flagship practice management...

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BILL to Launch Unified Platform Experience for Small Businesses This Fall
BILL to Launch Unified Platform Experience for Small Businesses This Fall
August 17, 2023  |  Commercial Payments

BILL will launch a unified platform experience this fall, fulfilling a priority it set a year ago. This integrated platform will bring together the financial...

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AP Automation and ‘Taking a Breath’ Are Key Defenses Against Payments Fraud
AP Automation and ‘Taking a Breath’ Are Key Defenses Against Payments Fraud
August 17, 2023  |  Cybersecurity

Check fraud is running rampant. In an interview with PYMNTS, Finexio Chief Commercial Officer Bill Fox and EverC Vice President Melissa Sutherland said many companies in the battle against fraudsters can...

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Only One-Third of Firms Use Critical AP/AR Automation Tools
Only One-Third of Firms Use Critical AP/AR Automation Tools
August 16, 2023  |  Accounts Payable

Accounts receivable (AR) and accounts payable (AP) workflows rely on labor-intensive, manual processes prone to human error and delays — but specialized software and automation...

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Accelerating Business Value Starts With Investing in the Finance Function
Accelerating Business Value Starts With Investing in the Finance Function
August 09, 2023  |  B2B Payments

What is the value of doing this? It is a common question and one that Bill Fox, chief commercial officer at smart B2B payments network...

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