Ar news and trends

CTS Systems Adds Corcentric’s Managed AR to Travel Booking Platform
Accounts Receivable // May 08, 2024

CTS Systems has integrated Corcentric’s Managed Accounts Receivable (AR) services into its travel booking platform.  With this integration, the CTS Systems platform will offer corporate travel agents and hotels a single-source solution providing consolidated, digitized and secure invoice processing, the companies said in a Wednesday (May 8) press release.  “By partnering with...

Snap Reports Augmented Reality Drives User Engagement, Brand Advertising
Earnings // April 25, 2024

Snapchat parent company Snap believes that augmented reality (AR) will be “one of the most meaningful advancements in computing that the world has ever seen.” Evan Spiegel, CEO of Snap, said this Thursday (April 25) during the company’s quarterly earnings call. He said that Snap considers AR to...

Consumers Want to Personalize Shopping With Extended Reality
Retail // April 25, 2024

As consumers demand more immersive, captivating eCommerce journeys, many are increasingly interested in adopting extended reality — augmented reality (AR) and virtual reality (VR) — to improve their shopping experience. Take Perfect Corp., a company providing AR try-on options for the beauty and fashion industries....

Meta Aims to Ignite Enterprise Productivity With Open Metaverse OS
Meta // April 23, 2024

Teamwork makes the dream work. And when the dream is an interoperable virtual reality (VR) world based on a proprietary operating system (OS), you are going to need a big team.  This, as on Monday (April 22) Meta announced it would be opening the operating system, Horizon...

Interviews & Exclusives
Virtual Cards Set to Transform Buyer-Supplier Relationships

April 23, 2024
Management guru Peter Drucker once said that “wherever you see a successful business, somebody made a courageous decision.” That’s the spirit behind the Certainty Project, a study from PYMNTS Intelligence highlighting the implications of decision-making in financial operations.  And according to a recent panel discussion of industry heavyweights that featured Robin Boudsocq, head of B2B Commercial Cards at […]

Unlocking Efficiency: How Digital Invoicing Can Transform Operations

April 16, 2024
Paying and getting paid are crucial to businesses’ livelihood, no matter their size. There isn’t a once-size-fits-all approach to invoicing and reconciliations, and the market remains fragmented — caught between...

73% of Firms Say AP Automation Improves Cash Flow

February 06, 2024
Businesses are expecting a significant increase in both payments made and invoices delivered over the next three years. In fact, on average, firms — regardless of size or industry —...

JCPenney Takes AI Into the Store to Appeal to Cost-Conscious Shoppers

January 29, 2024
At they navigate a market heavily influenced by inflation, retailers must use a range of tools to respond to the needs of value-driven consumers.  In a conversation with PYMNTS, Katie Mullen,...

Quick Reads
Snapchat Aims to Spend $1.5 Billion Per Year on AI

May 19, 2024
The CEO of Snap, developer of Snapchat, says the messaging platform is increasing its spending on artificial intelligence (AI) and machine learning. “There was a recognition that we’d fallen behind the curve on the machine learning side, which, to some degree, was reflected in the business performance,” Evan Spiegel said in an interview with Bloomberg News published Sunday (May 19). […]

CTS Systems Adds Corcentric’s Managed AR to Travel Booking Platform

May 08, 2024
CTS Systems has integrated Corcentric’s Managed Accounts Receivable (AR) services into its travel booking platform.  With this integration, the CTS Systems platform will offer corporate travel agents and hotels a single-source solution providing...

Snap Reports Augmented Reality Drives User Engagement, Brand Advertising

April 25, 2024
Snapchat parent company Snap believes that augmented reality (AR) will be “one of the most meaningful advancements in computing that the world has ever seen.” Evan Spiegel, CEO of Snap, said this Thursday...

Tabs Secures $7 Million to Scale AI-Powered AR Platform

April 11, 2024
Tabs has secured $7 million in seed funding to scale its artificial intelligence (AI) accounts receivable (AR) platform. The company’s Tabs AI platform understands and extracts business-to-business (B2B) contractual elements; automates...