Ap Automation news and trends

Manual Payments, Maximum Risk: How AP/AR Automation Beefs Up Security
B2B Payments // October 01, 2024

Old-school manual B2B payments, particularly checks, are sitting ducks for fraudsters. Many organizations, particularly those in industries with long-established practices or fragmented environments, like construction, healthcare and beyond, continue to manage payments using outdated methods such as paper checks, manual invoicing and batch payments. And...

Finexio CEO on Why CFOs Can’t Afford to Ignore Automating Payables
Accounts Payable // September 26, 2024

Manual accounts payable (AP) operations can cost firms more than they might think. And the complexity of enterprise AP programs presents a challenge for businesses, particularly as many companies face growing transaction volumes without a corresponding ability to expand staff. “It’s a serious problem within...

Global Embrace of eInvoicing Targets Fraud
B2B Payments // September 19, 2024

Businesses want to be paid in a timely manner. Governments want tax revenue. The advantages of cutting down on paper — and, specifically, paper invoices — can improve supply chain dynamics across any number of B2B verticals. Automating invoicing, with the rise of digital options...

OCR’s Key Role in Scaling Paperless Invoicing and AP/AR Automation
B2B Payments // September 13, 2024

Digital transformation isn’t as easy, or simple, as turning a switch that’s “off,” “on.” Rather, it’s a series of interlinked and ideally compounding process modernizations. Digital transformation takes time. And within the engine of progress, optical character recognition (OCR) is proving to be a key...

Interviews & Exclusives
78% of CFOs View AI Integration as Crucial for Accounts Payable

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As businesses adapt to a digital environment, many accounts payable (AP) departments are still using outdated practices.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, companies are prioritizing AP automation. A PYMNTS Intelligence report, “Automating Accounts Payable for Cost Savings,” in collaboration with Finexio, examines this shift, which enhances efficiency […]

Finexio CEO on Why CFOs Can’t Afford to Ignore Automating Payables

September 26, 2024
Manual accounts payable (AP) operations can cost firms more than they might think. And the complexity of enterprise AP programs presents a challenge for businesses, particularly as many companies face...

How Paperless B2B Payments Are Reducing Fraud in Business Transactions

July 31, 2024
If all goes well, the future of business processes won’t look anything like its past. And that holds particularly true in business-to-business (B2B) payments, where the past — and even...

AI Turns Accounts Payables Into Corporate Growth Engine

July 30, 2024
Transforming back-office functions can often serve as a way to move business growth forward. And the accounts payable (AP) function, which plays a crucial role in maintaining the financial health...

Quick Reads
Sage Expands AP Automation Product to Businesses Worldwide

August 13, 2024
Business management software firm Sage is expanding its AP automation offering. The company, which makes accounting, financial, HR and payroll products for small and medium-sized businesses (SMBs), announced the expansion Tuesday (Aug. 13) as part of a series of enhancements and updates for customers of its Sage Intacct offering. “As part of this major expansion, Sage Intacct is rolling […]

TranscendAP Adds Improved Purchase Order Matching to AP Platform

July 25, 2024
TranscendAP has added new artificial intelligence (AI) and machine learning (ML) functionality to its accounts payable (AP) platform for mid-market and large enterprises. The new TranscendAP 8.5 includes customizable dashboard...

Zone & Co Adds OCR Capabilities With Staria Flow Acquisition

July 11, 2024
Zone & Co has acquired Staria’s accounts payable (AP) automation solution, Staria Flow. This acquisition will add enterprise optical character recognition (OCR) capabilities to Zone’s procure-to-pay solution, the companies said in...

Amazon Business App Center Adds Symbeo AP Automation Solution

July 09, 2024
Symbeo’s accounts payable (AP) automation and artificial intelligence (AI)-enabled optical character recognition (OCR) solution, RapidInvoice, is now available on the Amazon Business App Center. This partnership will extend the reach...