As businesses adapt to a digital environment, many accounts payable (AP) departments are still using outdated practices. With rising business-to-business (B2B) payment volumes and cumbersome manual systems still in place, companies are prioritizing AP automation. A PYMNTS Intelligence report, “Automating Accounts Payable for Cost Savings,”...
For most of its history, payments data has been primarily paper-based. This relegated B2B payments data to mere record-keeping minutiae and made the task of unlocking it a highly manual, administrative burden. But with the news Thursday (Oct. 31) that Melio raised $150 million in a...
Melio raised $150 million in a Series E funding round to fuel the growth of its accounts payable (AP) and accounts receivable (AR) platform by expanding its B2B partnerships. The company has seen its revenue increase tenfold over the past three years, driven by an...
Crater launched artificial intelligence-powered accounts receivable (AR) and accounts payable (AP) solutions for banks, credit unions and B2B platforms. With these solutions, customers can offer white-labeled, embedded AR/AP products like invoicing and bill payments, customized to their brand identity and supported by an AI-powered copilot...
November 07, 2024
The healthcare industry might be likened to a battleship when it comes to payments innovation. It’s massive and slow to turn, but once turned, the waves made are enormous. In the United States, for example, the Centers for Medicare & Medicaid Services estimated that the healthcare sector accounts for as much as 17% of GDP. […]
November 05, 2024
As businesses adapt to a digital environment, many accounts payable (AP) departments are still using outdated practices. With rising business-to-business (B2B) payment volumes and cumbersome manual systems still in place,...
October 24, 2024
In the world of B2B, where game-changing deals can hinge on the workflows surrounding a transaction, payments are no longer an afterthought — they’re a strategic asset. And businesses are...
October 10, 2024
Accounts payable (AP) remains a pain point for businesses of all sizes, particularly those that still rely on legacy methods like checks. The adoption of embedded payments presents an opportunity...
November 01, 2024
Melio raised $150 million in a Series E funding round to fuel the growth of its accounts payable (AP) and accounts receivable (AR) platform by expanding its B2B partnerships. The company has seen its revenue increase tenfold over the past three years, driven by an expansion of its customer base to include medium-sized businesses as […]
October 29, 2024
Crater launched artificial intelligence-powered accounts receivable (AR) and accounts payable (AP) solutions for banks, credit unions and B2B platforms. With these solutions, customers can offer white-labeled, embedded AR/AP products like...
October 24, 2024
VAT4U has added generative artificial intelligence (AI)-powered capabilities to simplify value-added tax (VAT) processes. The upgraded VAT4U SmartAI engine focuses on helping businesses manage VAT for accounts payable (AP) and...
October 23, 2024
Spendesk launched a procure-to-pay solution designed alongside the company’s existing spend management platform. The resulting fully integrated procurement and spend management tool is designed for European small– to medium-sized businesses...
