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

Company Data Silos Hinder Spend Management Success
Company Data Silos Hinder Spend Management Success
July 11, 2023  |  B2B Payments

There exists one golden rule of business operations: Any process can be streamlined. And quite frequently, it can be combined with other operations for a...

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Manual Payments Processes Often Slow Small Business Growth
Manual Payments Processes Often Slow Small Business Growth
July 10, 2023  |  Accounts Payable

The 21st century wasn’t supposed to be full of so many headaches. Or so much paper. “Mid-sized companies say their [accounts payable (AP)] departments are...

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Meta Platforms and nsKnox Partner on B2B Payment Security
Meta Platforms and nsKnox Partner on B2B Payment Security
July 05, 2023  |  B2B Payments

Meta Platforms has selected nsKnox to ensure B2B payment security. nsKnox, a provider of global bank account validation and B2B payment security, and its PaymentKnox for Accounts Payable (AP)...

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PYMNTS Intelligence: Technology Is Yielding Better Working Capital Results
PYMNTS Intelligence: Technology Is Yielding Better Working Capital Results
July 05, 2023  |  Spend Management

Businesses have turned to a number of potential solutions to address cash flow. In the United States, 60% of small to midsized businesses (SMBs) in...

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Zip Adds Virtual Cards to Intake-to-Procure Platform
Zip Adds Virtual Cards to Intake-to-Procure Platform
June 29, 2023  |  B2B Payments

Zip has added virtual cards to its intake-to-procure platform. The new Zip Vendor Cards enable businesses to speed up their vendor payments and strengthen their...

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Gig Worker Pay Suffers When Platforms Don’t Prioritize AP Automation
Gig Worker Pay Suffers When Platforms Don’t Prioritize AP Automation
June 28, 2023  |  Accounts Payable

When it comes to gig economy companies, a little accounts payable (AP) automation can go a long way. For PYMNTS’ study “Accounts Payable Automation: Why...

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PYMNTS Intelligence: Leveraging Digitization and Automation to Improve AP
PYMNTS Intelligence: Leveraging Digitization and Automation to Improve AP
June 28, 2023  |  Accounts Payable

Late payments are some of the most difficult challenges businesses face in day-to-day operations, and they can have wide-ranging implications if not tackled swiftly. Money...

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Experts on How Payments Automation Can Aid Middle-Market Businesses
Experts on How Payments Automation Can Aid Middle-Market Businesses
June 27, 2023  |  Accounts Payable

With late payments resulting in late fees for 41% of buyers in the past year, companies are making accounts payable automation their top priority to...

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Late Payments Push More Businesses Toward AP Automation
Late Payments Push More Businesses Toward AP Automation
June 26, 2023  |  Accounts Payable

Business-to-business (B2B) payments are the lifeblood of the modern economy, with businesses spending trillions of dollars on merchandise, services and other goods from their vendors...

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