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

PYMNTS Intelligence: Benefits Abound for Merchants Undertaking Payments Modernization
PYMNTS Intelligence: Benefits Abound for Merchants Undertaking Payments Modernization
April 11, 2023  |  Payments Innovation

As physical locations closed or access to them became otherwise restricted during the pandemic, companies had to pivot to digital channels to survive. Even stores...

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Shipping Sector Finds Smarter Ways to Operate Using Generative AI
Shipping Sector Finds Smarter Ways to Operate Using Generative AI
April 07, 2023  |  Artificial Intelligence

There is nothing simple about moving goods from point A to point B. The logistics space is not only fundamental to the conveniences of modern...

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Field Materials Raises $4.65 Million to Streamline Construction Material Procurement
Field Materials Raises $4.65 Million to Streamline Construction Material Procurement
April 06, 2023  |  Back-office

Field Materials has raised $4.65 million in seed funding for its construction material purchasing software. The powered by artificial intelligence (AI), the software helps general...

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With Professional Service Firms Catching Heat, Is This Digital’s Moment?
With Professional Service Firms Catching Heat, Is This Digital’s Moment?
April 06, 2023  |  Security & Fraud

Running a business is complicated, particularly in today’s challenging macroclimate. But economic downturns are cyclical — and there exists a bevy of professional service firms...

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Proactis and Finexio Partner on AP Automation and B2B Payments
Proactis and Finexio Partner on AP Automation and B2B Payments
March 30, 2023  |  B2B Payments

Proactis and Finexio have partnered to help mid-market organizations eliminate manual processes from B2B payments. With their new agreement, Finexio’s accounts payable (AP) payment capabilities...

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ABBYY CFO: Managing for Inflationary Macroclimate Still Highest Priority Post-SVB
ABBYY CFO: Managing for Inflationary Macroclimate Still Highest Priority Post-SVB
March 28, 2023  |  CFO

Chief financial officers (CFOs) acting as organizational navigators are staring down choppy seas. Amid historically high inflation, rising interest rates, and broader economic volatility, there...

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OpenEnvoy CEO Says Generative AI Will Soon Spawn Companies of One
OpenEnvoy CEO Says Generative AI Will Soon Spawn Companies of One
March 27, 2023  |  Artificial Intelligence

“Small forest fires” that are “ultimately good for the forest.” That’s how Matthew Tillman, CEO at automated accounts payable (AP) solution OpenEnvoy, is looking at...

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Generative AI Helps Firms Take Aim at Legacy Cost Centers
Generative AI Helps Firms Take Aim at Legacy Cost Centers
March 21, 2023  |  Artificial Intelligence

As large language models (LLMs) like ChatGPT keep growing, enterprise headcounts might start shrinking. This, as a new paper from OpenAI researchers estimated that the...

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BNPL Means Suppliers Stop Waiting for the Check in the Mail
BNPL Means Suppliers Stop Waiting for the Check in the Mail
March 21, 2023  |  BNPL

Business-to-business (B2B) payments are the lifeblood of the modern economy. They are necessary for any business that deals with physical goods, from the smallest craft...

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