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In an effort to fill the gaps in the order-to-cash process, the Revenue Cycle Management (RCM) arena has grown tremendously over the past couple of years. This market growth has created the development of increasingly sophisticated and robust automation solutions … Continue reading
After more than a decade of market excitement about the coming electronic future, only now are we beginning to move from the long tail of large early adopters into the fat middle market of small and medium-sized enterprises (SME).
Coupa Software, the leader of cloud-based spend optimization solutions, and OB10, the leading e-Invoicing network, recently announced a strategic partnership that will provide Coupa customers with seamless integration to eliminate the need for paper invoices.
GXS, a leading provider of B2B integration services, recently announced that it has expanded e-Invoicing compliance for its Active Invoices with Compliance (AIC) solution to two additional Latin American countries.
U.S. Bank, lead bank of U.S. Bancorp (NYSE: USB), recently announced that it is acquiring Florida-based FSV Payment Systems, a prepaid card processing company known for its expertise managing a broad range of prepaid programs for companies, governments and other … Continue reading
WEX Inc. (NYSE: WXS), a leading international provider of physical, digital and virtual corporate card payment solutions, recently announced it has partnered with Higher One to launch VendorPay, a customized virtual payment solution for higher education institutions.
Improving Performance and Creating Added Value through AP Outsourcing As companies search for ways to improve overall performance and create added value, outsourcing non-core business processes such as low-value functions in the accounts payable (AP) process is a perfect place … Continue reading
Wright Express Corp. announced Thursday that it would change its name to WEX Inc. The company, which has been processing fuel payments for fleet vehicles since its founding in 1983, said the new name reflects its transformation to a company … Continue reading
Idaho Central Credit Union (ICCU), an Idaho credit union with 1.2 billion in assets, was an early adopter of document imaging and management technology, initially purchasing the software to achieve paperless goals.
New PayStream report titled The Value of Purchasing Cards reveals the power of P-Cards as a strategic form of payment. More and more companies are adopting or expanding their Purchasing Card (P-Card) programs in an effort to manage company expenses … Continue reading
Bank of America Merrill Lynch, a leading provider of transaction services, recently announced an enhancement to its Commercial Card offering with the launch of online PIN Check.
TRADESHIFT, the platform for all your business interactions, has announced a strategic partnership with PrimeRevenue – the leading SaaS platform for global Supply Chain Finance (SCF).
PayStream recently published a new report titled Receivables Document Management: Moving Toward a Paperless AR Organization that reveals a compelling case for RDM automation. Credit departments are swimming in paper.
Stand around the water cooler in any AP department long enough and you’re bound to hear the buzz surrounding Buyer Initiated Payments (BIP).
Simply put, automating an AP department is no easy task. It takes planning and vision, organizational alignment, buy-in from senior management and leadership, and a thorough understanding of the increasing number of technology options available in today’s marketplace.