Paying bills is rarely fun. And it’s not just that — paying bills is also rarely easy, especially as a business. That’s why, across today’s bill pay landscape, which remains full of manual legacy solutions, whenever a bill gets paid, there is often a more...
In B2B interactions, faster payments — especially ad hoc payments — may prove to be a competitive advantage. PYMNTS Intelligence found that non-recurring payments represent roughly a quarter of total accounts payable volume. One-third of companies surveyed said improved customer/client satisfaction would be part of improved ad hoc payments....
Chase introduced a series of payments-oriented tools aimed at small- to medium-sized businesses (SMBs). The new tools include offerings to help SMB owners electronically create and send invoices and gain better insight into customers, the banking giant said in a Wednesday (May 1) news release. “Today many small business owners have to manually create,...
Payments technology firm Fiserv is offering billers new communications tools to get paid faster. The new capabilities, announced Tuesday (April 30), let billers incorporate call-to-action notifications and alerts into existing workflows to send personalized bill payment reminders or messages using email, texts, phone calls or interactive voice response...
April 05, 2024
Generative artificial intelligence (AI) is igniting a new era of innovation within the back office. No legacy process is safe. And this is particularly true for accounts payable (AP) programs, where AI, coupled with advancements in deep learning, computer vision and natural language processing (NLP), is helping drive increased efficiency, accuracy and cost savings for […]
January 23, 2024
Nearly 80% of mid-size firms — those generating between $3.5 million and $15 million in annual revenue — anticipate a surge in the volume of payments processed through their accounts...
September 15, 2023
The questions without easy answers are the ones that keep finance leaders up at night. And no question is perhaps more responsible for CFO insomnia than the ever-present question of...
July 06, 2023
Accounts receivable (AR) automation is transforming corporate finance operations by providing enhanced efficiency, speed and accuracy in payments handling. However, the adoption of AR automation is still in its infancy...
May 08, 2024
TranscendAP, which has been a business unit of Optima Global Solutions since 2018, is now operating as a newly formed company. The firm was launched by Optima Global Solutions and TranscendAP co-founder and CEO Jeff Weinstein to focus on delivering artificial intelligence (AI)-powered accounts payable (AP) automation solutions to growing enterprises, TranscendAP said in a Wednesday (May 8) press release. […]
May 02, 2024
Chase introduced a series of payments-oriented tools aimed at small- to medium-sized businesses (SMBs). The new tools include offerings to help SMB owners electronically create and send invoices and gain better insight into customers, the banking...
April 30, 2024
Payments technology firm Fiserv is offering billers new communications tools to get paid faster. The new capabilities, announced Tuesday (April 30), let billers incorporate call-to-action notifications and alerts into existing workflows to send...
April 29, 2024
In a move to empower billers with more refined financial management tools, InvoiceCloud has announced the launch of a new deposit control feature within its Online Bank Direct solution. This functionality is...
