Corporate payments firm Corpay and global asset management firm TPG have entered into a deal to acquire accounts payable (AP) automation software provider AvidXchange. Financial Technology Partners and Barclays served AvidXchange as financial advisers on this transaction, according to a Tuesday (May 6) news release...
There’s a paper jam happening along the B2B innovation journey. While automation has made significant inroads in certain aspects of business operations, the payments process remains largely fragmented, with paper invoices, checks and manual reconciliation continuing to be the norm rather than the exception. This...
As cybercriminals target more businesses, accounts payable (AP) departments are more vulnerable to fraud. With more than 80% of U.S. companies affected by sophisticated digital payment fraud, the need for reliable security systems is crucial. While digital transformation has brought many benefits, outdated payment systems...
Float Financial has raised 70 million Canadian dollars (about $49 million) in a Series B funding round to expand its business finance platform for Canadian businesses. Together with a credit facility of 50 million Canadian dollars (about $38 million) the company announced in February 2024,...
March 26, 2025
There’s a paper jam happening along the B2B innovation journey. While automation has made significant inroads in certain aspects of business operations, the payments process remains largely fragmented, with paper invoices, checks and manual reconciliation continuing to be the norm rather than the exception. This results in a piecemeal approach to back-office workflows and payments […]
January 15, 2025
As cybercriminals target more businesses, accounts payable (AP) departments are more vulnerable to fraud. With more than 80% of U.S. companies affected by sophisticated digital payment fraud, the need for...
November 14, 2024
Nearly every business pain point, over a long enough horizon, can be mitigated or solved. The good news today is that those horizons are only getting shorter. And as businesses...
November 05, 2024
As businesses adapt to a digital environment, many accounts payable (AP) departments are still using outdated practices. With rising business-to-business (B2B) payment volumes and cumbersome manual systems still in place,...
May 13, 2025
Automation platform Quadient has launched a partnership with payments company Nuvei. The collaboration is designed to help businesses worldwide enhance their cloud payments capabilities, integrating Nuvei’s payment processing technology with Quadient’s accounts receivable (AR) and accounts payable (AP) automation tools, per a Tuesday (May 13) news release. “With the integration of advanced global payments capabilities, Quadient is tackling a […]
May 06, 2025
Corporate payments firm Corpay and global asset management firm TPG have entered into a deal to acquire accounts payable (AP) automation software provider AvidXchange. Financial Technology Partners and Barclays served...
January 13, 2025
Float Financial has raised 70 million Canadian dollars (about $49 million) in a Series B funding round to expand its business finance platform for Canadian businesses. Together with a credit...
December 03, 2024
Accounting/payroll technology firm Sage is rolling out its AI tool, Sage Copilot. Announced Tuesday (Dec. 3) for early adopters in the U.S. and U.K., Copilot is designed to help accounting...
