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...
When it comes to the tools and solutions available for back-office architectures, today’s chief financial officers (CFOs) have more choices than ever. But as B2B payments innovation continues marching forward with the rise of embedded finance, digital currencies and the expansion of cross-border transactions, the...
Payment accuracy solutions company FlexTecs has expanded FlexTrap, its payment discrepancy detection tool. First introduced with a focus on payment error prevention, the artificial intelligence (AI)-powered FlexTrap is now a “fully extensible platform,” featuring supplier statement reconciliation to reduce financial leakage and bolster financial operations, the firm...
May 13, 2025
The business landscape moves fast, and that can leave reactive businesses a step behind their more proactive competitors. But today’s increasingly digital landscape is full of opportunity for firms looking to transition their legacy back-office processes, such as accounts payable (AP), from passive operations to value creation levers. The latest PYMNTS Intelligence data from the April […]
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...
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...
December 09, 2024
The trucking industry is crucial to the national economy, transporting more than 72% of freight by weight. Outdated payment methods, however, hinder efficiency, prompting the search for faster, digital solutions....
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 AvidXchange as financial advisers on this transaction, according to a Tuesday (May 6) news release from AvidXchange. “TPG and Corpay will acquire AvidXchange for $10.00 […]
March 18, 2025
Payment accuracy solutions company FlexTecs has expanded FlexTrap, its payment discrepancy detection tool. First introduced with a focus on payment error prevention, the artificial intelligence (AI)-powered FlexTrap is now a “fully extensible...
February 11, 2025
Optical character reader (OCR) platform Veryfi adopted JustPaid’s artificial intelligence (AI)-powered revenue automation platform for businesses. For over six months, Veryfi has been uploading all of its sales contracts to...
February 06, 2025
Routable has enhanced its accounts payable (AP) automation platform by adding an AI agent that can detect both invoice fraud and human error. “As fraudsters get more creative, it’s become...
