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

7 in 10 CFOs Rely on Automated Customer Services to Cut Payment Delays
7 in 10 CFOs Rely on Automated Customer Services to Cut Payment Delays
August 31, 2023  |  Accounts Payable

Businesses looking to automate their accounts payable (AP) and accounts receivable (AR) piecemeal may want to start with their customer support. Payment delays have plagued...

READ MORE >
PandaDoc Acquires Denario to Help Small Businesses Simplify Proposal-to-Cash Workflow
PandaDoc Acquires Denario to Help Small Businesses Simplify Proposal-to-Cash Workflow
August 28, 2023  |  Acquisitions

PandaDoc has acquired Denario to help small businesses simplify their proposal-to-cash workflow. The deal will expand the capabilities of PandaDoc’s platform for document creation, management, tracking and eSigning...

READ MORE >
Real Estate Sector Falls Behind in Real-Time Payments Adoption
Real Estate Sector Falls Behind in Real-Time Payments Adoption
August 24, 2023  |  Real Estate

In today’s digital era, it seems almost quaint that an industry as essential as real estate relies so heavily on paper checks, given current rates...

READ MORE >
Generative AI’s Biggest Impact May Be as a Specialist
Generative AI’s Biggest Impact May Be as a Specialist
August 24, 2023  |  artificial intelligence

General-purpose innovations can often fall into the solution-in-search-of-a-problem trap.  After all, to a hammer everything looks like a nail. And to large language models (LLMs), everything might...

READ MORE >
Accounts Payable Moves From Cost Center to Revenue Generator
Accounts Payable Moves From Cost Center to Revenue Generator
August 24, 2023  |  Accounts Payable

The paper check remains firmly entrenched in B2B payments in the United States. Finexio Chief Commercial Officer Bill Fox recounted to PYMNTS that elsewhere around the world —...

READ MORE >
JPMorgan: Healthcare Payments Need Context to Drive Patient Value
JPMorgan: Healthcare Payments Need Context to Drive Patient Value
August 24, 2023  |  Healthcare

Innovation starts with payments and ends with a streamlined and fully optimized payee experience. But it needs to get past an iceberg of institutional inertia...

READ MORE >
Construction and Utility Businesses Use Credit Twice as Much as Hospitality
Construction and Utility Businesses Use Credit Twice as Much as Hospitality
August 23, 2023  |  SMBs

Slow payments are a perennial problem for the construction industry. PYMNTS research found that delayed transactions (those in which firms wait more than 90 days to receive...

READ MORE >
FinTech Ramp Secures $300 Million Series D to Expand Business Categories
FinTech Ramp Secures $300 Million Series D to Expand Business Categories
August 22, 2023  |  Investments

FinTech company Ramp has secured $300 million in a Series D funding round, bringing its post-money valuation to $5.8 billion. The funding will allow Ramp to expand...

READ MORE >
Basware Appoints Interim CEO Jason Kurtz to Permanent Role
Basware Appoints Interim CEO Jason Kurtz to Permanent Role
August 22, 2023  |  Personnel

Basware has appointed Jason Kurtz, who has served as interim CEO since the start of 2023, as its permanent CEO. Kurtz has over two decades...

READ MORE >