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

AI, Virtual Cards, Embedded Lending Define This Week in B2B
AI, Virtual Cards, Embedded Lending Define This Week in B2B
June 13, 2024  |  B2B Payments

B2B payments used to be defined by paper and processes. However, as the digitization of commercial payments continues, B2B payments are being defined by their...

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78% of CFOs Say AI Is ‘Extremely Important’ to Payments Processes
78% of CFOs Say AI Is ‘Extremely Important’ to Payments Processes
June 13, 2024  |  artificial intelligence

Most CFOs working on behalf of organizations earning at least $1 billion annually use multiple systems to manage their source-to-pay cycles, and nearly 60% of...

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InScope Raises $4.3 Million to Expand Financial Reporting, Auditing Platform
InScope Raises $4.3 Million to Expand Financial Reporting, Auditing Platform
June 12, 2024  |  Investments

InScope officially launched and announced it raised $4.3 million to grow its platform designed to facilitate financial reporting and audits for private companies.  The platform...

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Regions Bank Launches Digital Payments Solution Powered by BILL
Regions Bank Launches Digital Payments Solution Powered by BILL
June 12, 2024  |  B2B Payments

Regions Bank has launched a new digital payments solution designed to streamline payment and billing processes for its commercial clients. Powered by BILL’s financial operations...

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Ad Hoc Payments Reach 30% of AP Dollar Volume for Enterprise SMBs
Ad Hoc Payments Reach 30% of AP Dollar Volume for Enterprise SMBs
June 11, 2024  |  Accounts Payable

Thanks in part to the influx of gig workers and demands of key industries, enterprise small- to medium-sized business (SMB) payers are sending 28% more...

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Can Virtual Cards Overcome Their ‘Achilles Heel’ of Supplier Acceptance?
Can Virtual Cards Overcome Their ‘Achilles Heel’ of Supplier Acceptance?
June 11, 2024  |  B2B Payments

Virtual cards promise a revolution in B2B payments, offering efficiency and certainty in transactions, yet their adoption remains stymied by a critical bottleneck: suppliers’ reluctance...

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Commercial Cards and Automation Are Transforming the AR Function
Commercial Cards and Automation Are Transforming the AR Function
June 06, 2024  |  B2B Payments

Moving analogue and manual processes to automated, digital ones represents the future of B2B payments. That’s because, against a backdrop marked by rapid technological advancement, B2B...

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Fintech Extends Automated Invoice Processing Capabilities to All B2B Transactions
Fintech Extends Automated Invoice Processing Capabilities to All B2B Transactions
May 31, 2024  |  B2B Payments

Financial Information Technologies (Fintech) has expanded its platform’s automated invoice processing capabilities to include all B2B transactions. Previously designed to handle the retail and hospitality...

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How APIs Bridge Modern and Legacy B2B Payment Architectures
How APIs Bridge Modern and Legacy B2B Payment Architectures
May 27, 2024  |  B2B Payments

Businesses, particularly global ones, exist and transact across fragmented payment ecosystems. Just ask any organization about their cross-border growth plans and how it’s going from...

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