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

61% of CFOs Cite Transparency Gains as Perk of AP/AR Digitization

61% of CFOs Cite Transparency Gains as Perk of AP/AR Digitization
61% of CFOs Cite Transparency Gains as Perk of AP/AR Digitization
February 22, 2022  |  B2B Payments

Low visibility into payments journeys has left accounts payable (AP) departments vulnerable to cyberattacks. Throughout the pandemic, businesses’ remote workspaces have been plagued by fraud...

READ MORE >
At Last, the Check’s Not ‘in the Mail:’ Digital Lockboxes Tackle B2B Payments Mail Float Problem
At Last, the Check’s Not ‘in the Mail:’ Digital Lockboxes Tackle B2B Payments Mail Float...
February 22, 2022  |  B2B Payments

B2B payments have a mail float problem  — and they suffer from portal fatigue, too. Get the Full Story Complete the form to unlock this...

READ MORE >
80% of Buyer-to-Supplier Transactions Could Be Completed Electronically by 2025
80% of Buyer-to-Supplier Transactions Could Be Completed Electronically by 2025
February 21, 2022  |  B2B Payments

As a growing number of accounts payable (AP) and accounts receivable (AR) departments recognize the benefits of digitization, more and more are adopting B2B digital...

READ MORE >
25% of US-Based Multinationals Plan to Invest in AP and AR Integration in Next 3 Years
25% of US-Based Multinationals Plan to Invest in AP and AR Integration in Next 3...
February 17, 2022  |  B2B Payments

To alleviate problems associated with legacy cross-border payments operations, a growing number of international businesses are planning to invest in digital innovations at some point...

READ MORE >
Average Business Spends 2% of Sales on Payment Operations
Average Business Spends 2% of Sales on Payment Operations
February 16, 2022  |  B2B Payments

Companies in various sectors face payment struggles ranging from inefficient processes that result in ballooning costs to old-school payment methods that fail to offer adequate...

READ MORE >
Today’s CFO Needs to Understand Companies’ Hidden Costs
Today’s CFO Needs to Understand Companies’ Hidden Costs
February 16, 2022  |  B2B Payments

Manual processes in companies’ back-office operations have a lot of hidden costs, James Ritter, chief financial officer (CFO) at ABBYY, told PYMNTS. For example, if...

READ MORE >
Billtrust Acquires European B2B Financial Software Provider Order2Cash
Billtrust Acquires European B2B Financial Software Provider Order2Cash
February 15, 2022  |  Acquisitions

B2B accounts receivable (AR) automation and integrated payments company Billtrust has acquired Netherlands-based B2B financial software platform Order2Cash, giving the company a stronger global presence...

READ MORE >
LatAm Businesses Choosing Automated Invoicing Over Spreadsheets, Emails and Text Messages
LatAm Businesses Choosing Automated Invoicing Over Spreadsheets, Emails and Text Messages
February 15, 2022  |  B2B Payments

In most countries in Latin America, it is mandatory that all business transactions must have an electronic invoice in the middle. Get the Full Story...

READ MORE >
68% of Businesses Increase ACH Payments Use, Dial Back Checks
68% of Businesses Increase ACH Payments Use, Dial Back Checks
February 11, 2022  |  CFO

Most chief financial officers (CFOs) in three key vertical markets say they are pursuing digitization of their accounts receivable (AR) and accounts payable (AP) systems...

READ MORE >