The accounts payable world became a little more consolidated this week, with AvidXchange making its second acquisition in less than a year. Also this past week, NACHA announced the approval of a new proposal for same-day payments and Corcentric inked a partnership deal with Nvoicepay. Read on to find out more about all the important [...]
May 21, 2015
Andrew Bartolini
News
There wasn’t really any explosive news to come out of the payables world this past week—really just a few news items to pass along. For one, the former CEO of ReadSoft has moved over to Medius post the Lexmark acquisition, and PrimeRevenue gains a new partner in a Detroit-based supply chain finance solution provider. But [...]
April 2, 2015
Andrew Bartolini
News
For small and mid-sized businesses (SMBs) experiencing rapid growth, two key differences between long-term success and failure are (1) how well they manage cash flow and (2) the infrastructure they have in place to support growth. SMBs that are fast growing need a robust operational infrastructure to help support and control that growth and ensure [...]
January 19, 2015
Andrew Bartolini
Best Practices, Solutions, Technology
In years past, many enterprises held onto cash for as long as possible so said cash would gain interest while sitting in the bank. When interest rates approached something like 10% or even 5%, this was a good idea. Not so anymore. Interest rates have remained near zero for the past five years, which means [...]
September 17, 2014
Andrew Bartolini
Best Practices, Technology