american express

The worldwide economic situation became more interesting last week. The United States enjoyed a barn-burner of a jobs report on Friday morning—312,000 jobs were created in November, while the unemployment rate held steady at 5.8%. Meanwhile, the Bank of International Settlements expressed some concern about the strength of the U.S. dollar and how that could [...]

Purchasing cards (“p-cards”) have been around long enough to become a ubiquitous facet of a majority of enterprises. Generally strong when it comes to high-volume, low-dollar-value transactions and also utilized in larger more complex transactions, p-cards have the potential to simplify the indirect spend of many enterprises while making it easier for employees to make [...]

No matter the size of the enterprise, the accounts payable team tends to be deluged with paper. Mostly in the form of invoices and/or paper checks sent to suppliers. In fact, 70% of all invoices are still paper-based, according to Ardent Partners research, which can cause significant headaches for the accounts payable team from an [...]

Technology implementations are never easy. There could be unforeseen integration issues with back-end systems or perhaps more customization is required than originally thought. In the P2P world, one of the most significant issues overall, however, is supplier onboarding. This is particularly true in the case of payment solutions such as virtual payment cards. Supplier onboarding [...]

The benefits that virtual payment cards provide to buyers are expressed quite well in vendor marketing materials, as well as in several previous articles here at Payables Place. What’s not as well discussed, however, are the advantages virtual cards ascribe to the suppliers that accept them. To be quite frank, the pluses of virtual payment [...]

It’s a safe bet that commercial cards are, if not common knowledge, then at least easily recognizable in the business world. The venerable purchasing card (p-card) has existed since the 1980s, with the corporate travel card in use since 1936, and the ONE card arriving a little over 20 years ago. One of the newest [...]

For more than 70 years, enterprises of all sizes have used commercial payment cards to purchase everything from airline tickets to office supplies. This flexibility has led solution providers to launch numerous card products in the intervening decades. Today, there are cards to manage corporate travel, cards for purchasing, fleet cards for transportation, ghost cards [...]

Continuing with Ardent Partners’ ePayables Solution Spotlight series, here is the latest one that focuses on the ePayment market and a solution from American Express – PAYVE (access the full report here). The report contains recent market research around electronic payments as well as insights into the technologies and payment mechanisms that are used to [...]

Introducing PAYVE®, a new digital payment service from American Express Earlier this year, I wrote a report that predicted the top ten things that will shape the AP market in 2012 and yes, you guessed it, one of the predictions was that 2012 has a very good chance of becoming ‘The Year of Electronic Payments” [...]

Last month, Ardent Partners completed its annual AP focused market research report – ePayables 2012: The State of The AP Market. This extensive piece of research, which took up most of my time over the last few months uses data gathered from approximately 220 organizations and captures the strategies, performance and intentions of AP departments [...]