Ardent’s P2P Technology Round-Up returns today with another assortment of ePayables, procure-to-pay (P2P), and B2B payment solution provider news and updates from the past week. If you are an Accounts Payable (AP), B2B payments, or spend management solution provider and you have news to share with us, please drop us a note at editor at cporising dot com. Thanks, and enjoy!
Tipalti Announces New Partnerships with Vindeo, Teampay, and Sovos
Tipalti, a payables automation provider located in California, this week announced three new ePayables partnerships to help with the advancement of finance operations for its customers. This includes a partnership with Vindeo, an invoice financing and payroll funding solution company that provides businesses with lines of credit through invoice financing. Through this partnership, Vindeo, which is headquartered in Buffalo, New York, will act as a strategic lender for Tipalti’s early payments automation solution, allowing businesses to offer early payments to suppliers with minimal effort and increase acceptance rates without impacting their own working capital. Teampay is a provider of virtual cards for business purchasing and is located in New York City. Through its solution, Teampay provides finance teams the ability to request, approve, and track purchasing in real-time. By partnering with Tipalti, Teampay customers will be able to extend their solution to further streamline supplier onboarding and payment operations. Sovos is a tax compliance software company located in Minnesota. Through its partnership with Tipalti, Sovos will help better service their joint clients by enhancing Tipalti’s tax compliance offerings, and expediting Sovos’ services.
Cvent and American Express Integrate Corporate Meeting Card with Virtual Payment Capabilities
Cvent, a provider of cloud-based meetings, events, and hospitality technology, with headquarters in Tyson’s Corner, Virginia, and financial services giant American Express, recently announced they have integrated virtual payment capabilities to Cvent’s hospitality and event platforms. The solution enables users to generate and pay suppliers with American Express virtual account numbers, which are single-use or multi-use account numbers with a fixed authorization amount and expiration date for each transaction. This end-to-end solution will offer joint Cvent and American Express Corproate Meeting Card clients access to unique budget management solution within the Cvent platform. It will also provide an automated way to pay suppliers and better manage their meetings and events programs with the American Express Corporate Meeting Card.
Kyriba Announces 48% First-Half Bookings Growth
Kyriba, a provider of cloud-based treasury, cash, and risk management solutions, recently announced that it grew year-over-year sales bookings by 48 percent during the first half of the year, benefiting from strong performances across all global markets. The New York-based company added more than 100 new enterprise clients during the period and consolidated its leadership in the cloud-based treasury and risk management solution space. With the successful first half, the company is now on track to surpass $100 million in revenue in 2018.
Deem Launches New Travel Platform for the SMB Market
Deem, the San Francisco-based provider of cloud-based travel and expense management solutions, this week announced the launch of Deem Rise, a new travel booking and management experience created for travel management companies (TMC) to profitably serve the needs of small to mid-sized (SMB) corporations. Deem Rise is a mobile-first, self-service solution for TMCs who serve the needs of corporations and finance teams with small to mid-sized travel programs and fewer customization needs. It provides features of Deem’s enterprise level platform, Work Fource, and the integrated service provisions of partner TMCs, at a cost-effective scale. As businesses’ travel programs expand, customers will be able to move seamlessly to the Deem Work Fource solution and into fully customized features and high-level support.
Happay Launches Expense Management Platform for Enterprise Businesses
Happay, the India-based expense management platform provider, this month launched an enterprise edition of its platform. The new platform has artificial intelligence powered capabilities to help auto-populate expenses incurred during business travel. Businesses will be able to maintain a record of their employees’ expenses. Bills for daily allowances will now automatically get captured, and get saved within the software. The solution can also keep track of transaction SMS, invoices from travel operators, and corporate credit card statements. The new Enterprise Edition has API integrations with existing enterprise systems, like HRMS solutions, CRMs, Travel Management software, and accounting ERPs.
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