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

AvidXchange Promotes Ex-Fiserv Exec Dan Drees to President
AvidXchange Promotes Ex-Fiserv Exec Dan Drees to President
January 31, 2023  |  Personnel

Accounts payable (AP) automation and payments solution company AvidXchange has a new president. Dan Drees, who has served as the Charlotte, North Carolina, company’s chief...

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Tomorrow’s Most Important B2B Investment Is Usable Digital Infrastructure
Tomorrow’s Most Important B2B Investment Is Usable Digital Infrastructure
January 31, 2023  |  B2B Payments

Software is eating the world, with B2B enterprise solutions transforming key operations across sectors. However, for the promise of interoperable digital advances to grow into...

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70% of Marketplaces Expect AP Innovation to Improve Relationships With Vendors
70% of Marketplaces Expect AP Innovation to Improve Relationships With Vendors
January 30, 2023  |  Accounts Payable

There’s no reason for merchants to want to communicate poorly with their vendors, yet aging payables systems can force these key interactions to be a...

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Spend Management Firm PayEm Looks to Expand After Securing $220M
Spend Management Firm PayEm Looks to Expand After Securing $220M
January 25, 2023  |  Investments

Spend management firm PayEm says it has received $220 million in equity and credit financing. “Our new warehouse credit will allow us to continue to...

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CFOs Prioritize Cash Flow and Procurement Systems in Upgrades
CFOs Prioritize Cash Flow and Procurement Systems in Upgrades
January 25, 2023  |  Spend Management

Cash flow and working capital are much on the minds of chief financial officers in 2023, with many turning to specialized systems to manage these...

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Nimbello Debuts AP Automation Solution to Meet Demand for Modernization
Nimbello Debuts AP Automation Solution to Meet Demand for Modernization
January 25, 2023  |  Accounts Payable

Nimbello has launched an accounts payable (AP) automation solution to help firms modernize their processes. The provider of purchase-to-pay cloud software for AP professionals said...

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Liquidity Management and Forecasting Are Vital to Retailer and Manufacturer Processes
Liquidity Management and Forecasting Are Vital to Retailer and Manufacturer Processes
January 24, 2023  |  Spend Management

In the quest for better processes in procurement, accounts payable (AP), and accounts receivable (AR), liquidity is a cornerstone. It’s the subject of “Payments Technology’s...

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B2Bs Seek Painless Month-End Account Reconciliation Without Painful Integration
B2Bs Seek Painless Month-End Account Reconciliation Without Painful Integration
January 20, 2023  |  B2B Payments

Seamless collaboration among ecosystem partners after underdoing operational modernizations is critical to successful B2B transactions. This, as businesses are increasingly setting up next-generation payment networks...

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Authentication Is Necessary to Stop Invoice Fraud
Authentication Is Necessary to Stop Invoice Fraud
January 19, 2023  |  B2B Payments

Only 38% of businesses are using document and identity authentication tools, leaving most organizations vulnerable to fraud attacks linked to incoming payments. In this month’s...

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